How to get investors...
Posted by: Alexander (---.wch.adelphia.net)
Date: September 7, 2002 04:52PM

I used to work in a mini casino in Las Vegas, Nevada. The drop there currently averages about $100,000.00 per week. I have been unable to convince the owner that there is money to be made in internet casinos. His bias is obviously toward land based casinos, and he doesnt really believe anyone will gamble online for real money! Anyone know where I can get hard data as to the revenue that an internet casino can make?

Re: How to get investors...
Posted by: Webmaster (---.158.48.122.Dial1.Miami1.Level3.net)
Date: September 7, 2002 07:28PM

Online casino operators generally keep their revenues secret.

However, two online casinos that I know have done over $1 Billion handle last year. - You can figure out ther drop percentage.

Some casinos are sucking wind and others are kicking butt.

Marketing is key to success. My favorite story I heard had to do with MGM Grand. They spent a ton of cash building an online casino in the Isle of Man. After 6 months of operation they asked, "Why do we have no players?" Simple - no markteing. Just because you're big in Vegas doesn't mean the rest of the world knows you. Harrahs, MGM, Excalibur, etc mean nothing to anyone in the Far East, let alone Europe.

That's why the online casinos will remain one step ahead of the land-based conglomerates; they know how to move fast when it comes to marketing on the net.

Hope I could help.

Webmaster

Re: How to get investors...
Posted by: Apollo (130.65.240.---)
Date: September 9, 2002 01:34PM

"However, two online casinos that I know have done over $1 Billion handle last year. - You can figure out ther drop percentage." I'm fairly new to the casino system. Can you explain how that works? Also would CON be one of the sites you mentioned?

Re: How to get investors...
Posted by: Alexander (---.wch.adelphia.net)
Date: September 9, 2002 07:22PM

Well, my basic understanding is that the percentage return varies anyone from 90 to 98% with maybe an average of 95% depending on many factors. So if the handle is 1 billion with net win is 50 million. @!#$ is definitely one of them.

Re: How to get investors...
Posted by: Op (---.sympatico.ca)
Date: September 10, 2002 08:15PM

Excuse my ignorance, but can you explain that? Are you saying that this online casino has $1 billion worth of gambling go through its site and that it earned $50 million in gross profit?

How realistic is it that one site generated that volume of gambling when the whole online industry supposedly did $3 billion?

What do you mean by "@!#$ is definitely one of them"?

Re: How to get investors...
Posted by: Alexander (---.wch.adelphia.net)
Date: September 11, 2002 06:28PM

1 billion (handle) * 95% (percentage return) = 50 million (gross profit)

gross profit - expenses = net profit

That is the simplified version of accounting for gambling. If you dont understand that, go talk to an account certified in gambling.



Your Name: 
Your Email: 
Subject: 

This is a moderated forum. Your message will remain hidden until it has been approved by a moderator or administrator