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Step 1: Already be rich as fuck
Step 2: Bribe a politician
hey marty
Sure, you can build one but then me and the boys gotta come break your legs...
watch ozark
There are also casino boats. In SC its illegal to gamble, so Myrtle Beach has some gambling boats that go across international waters, so you can gamble there. Charleston has no casino boats - I think it could be a thing. Also the Myrtle Beach boats only go out for a few hours, but I think a long cruise with lots of gambling and drinking would appeal to many.
Ozark will give you a step by step guide to getting a casino boat. First, launder money for a Mexican drug lord. Second, bribe a politician.
Ok got it. I also think a buffet of food would be appropriate and also unlimited drinks for a price.
Casinos are immoral
Yeah, but at least it’s not cigarettes right?
Just my 2 cents from playing around a bit of Europe and observations:
In the UK and Czech (“dusk till dawn” and “Kings casino”) are two very popular casinos, who’ve been founded by former “business” men. Regarding Rob Yong (“Dusk till dawn”) not much is to be found or said, whereas for Leon (Kings) he apparently made a killing in trading paintings and other old stuff, then opened it close to the German and Austrian border, focussing massively on players with free food/drinks, buy ins from low stakes to high stakes (up to 200/400 as far as I know) and poker in general. Further, people can stay there over night (if you’re already burning € 5k as a rec over a weekend, why bother with another € 500 for the hotel?). So poker continues to grow (especially when you get tournaments to promote it and attract more people; WSOP Europe was insane marketing for Kings. Venlo, NL, casino just massively upgraded their poker area and people (including me) are loving it, which continues to flow them in (every new customer has to pay an entrance fee, therefore offering to pay for 10 but get in 12 times makes them and your wallet happy).
Most European countries have gambling (including the broad offers of casinos) under federal regulation (smaller shops can offer coin machines and similar but that’s mostly it). However, there seems to be some exemptions applying as it does for the other 2 above, so even private persons can set it up (or via holding? Didn’t research this beforehand)
In any case, you’ll need a good “bank roll” to sponsor your initial investment and make up for a good location (in terms of accessibility and appealing to the customer. One of Germanys most successful ones (Duisburg, ugly af but good located near highways and close to the Netherlands) is a good example for this)). If you can get the tables filled and have a decent rake, it’s for sure a money making machine. However, I’d argue to take care of whom you’re sailing with; Live at the bike is running hot (from the looks), one where Mike Matusow was involved just got busted by the FEDs.
Lastly, as the others (jokingly) said, it’s never bad to have political relationships and/or get support from that side, they’ll earn a lot by taxes if you make it right, which should make any of them happy.
Tl;dr:
1) check out countries legal framework for gambling and judiciary
2) find a sponsor or put money yourself upfront and focus on the market trend
3) relationships are the currency of life, especially when politicians can support you
So leon was an experienced money launderer prior to staring the casino?
Nothing I’m aware of. He made a fortune in trading antiques, paintings and similar as far as I know. Then founded the casino after.
Who cares about casinos. I guarantee you in 10 years prostitution will be the next big thing. If you have the capital to do so, you should start consolidating legal brothels and escort services according to local laws (in the United States, the most chill New World country), so you can jump at the opportunities of decriminalization/legalization over the next decade. Who cares if the national law is illegal, the states that matter (NY, CA, IL, NV) will all have some legal form form of $$$ for Sex over the next decade.
Prostitution is a sin. Gambling within one’s means is not a sin.
Premarital sex is also a sin (fornication)
The problem is the licensing. I know a fair number of casinos are actually owned and operated by Native Americans on Native American land (where they don’t fall under the same regulations as the rest of us). Many cities and states are reluctant to grant casino gaming licenses. There are pros and cons which are not so easily assessed (new jobs, tax revenue, tourism versus societal impact). Without the licensing restrictions, I guarantee you would see 10x as many casinos in every major city. They can be incredibly profitable, particularly slots where you can essentially set the payout to a certain % (within a legal limit).
Because they destroy people’s lives. They prey on the poor. They destroy countless families each year. Only a total scumbag would own and operate a casino.
Oh ok wow
This is flat out ludicrous. Copying and pasting my response from another thread
This kind of absurd post makes me wonder if you’ve actually been inside a casino before. What you actually see is a bunch of poor people throwing the little money they have away in the slots. Casinos rob the poor and stupid and take advantage of people who struggle with addictions. There are endless examples of people destroying their lives and their families trapped in gambling addiction. You can’t rationalize away that casinos are a net negative to their customers.
And this idea that casinos are only destroying the lives of a small number of people is not a moral get-out-of-jail-free card. I build homes as a hobby business. If my business model were such that 99% of my homes were good and 1% collapsed in the first month you’d rightly accuse me of running a scam on my customers. Knowingly destroying the lives of a small portion of your clients in a larger quest for money makes you an evil person and you WILL have to answer for it in the next life.
This idea that 90% of retail losses money in the market is not consistent with the first three sources I checked, or my intuition, and I'm curious if you can find where you read it.
Interestingly, online gambling, particularly sports betting, has been a huge money loser (that everyone thought would be the future of gambling).
The CAC is so high because it’s essentially perfect competition- everyone who gambles heavily rotates through all of the sports books available, and the only way to attract customers is to do promos and give better odds. Looking at FanDuel /draft kings etc - all are bleeding money.
I wouldn't say casinos always make money. Atlantic City is a prime example. You have to get somewhat lucky, right place, right time and good execution.
Anyone who’s been to Vegas will concur it’s not the chic James Bondesque type gambling while dressed to the 9s. It’s desperate dismal looking folks hoping to dig their way out of the impossible hole they’ve set themselves in.
The background check is so insanely deep to buy a casino that you better have never looked up any kind of porn that doesn't include only missionary sex between a husband and wife.
Casinos are tougher to start because of the sheer size. Around me, the big thing is gaming parlors. Not sure what wheels you need to grease to get licensing, but there’s little coffee shops and bars with slots everywhere. And from what my buddy who took over his dad’s bar tells me, the slots are their biggest money maker (go figure). They wouldn’t even stay in business without them.
I’ve been thinking about starting one once I can scrounge some more capital. People love to play their slots and smoke their cigs
Yes they generate revenue. and they are also a tax. Many Canadians feel overtaxed by the provincial government. However if you give them the opportunity to gamble their money away they’re quite happy to do it. In theory this money would go to programs like sports that help the community in practice it’s just another revenue stream and there are still problems with Compulsive Gamblers. A case could be made that by keeping the casinos in government hands it keeps the revenue out of the hands of organize crime which is one reason why marijuana and gambling became legal in the first place.
Yeah def
I love playing in the casino, but it's so dangerous!
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