Tips for Starting Your Own Casino As a Business Venture

Casinos have been around for a very long time. Some businesses have buckled with the introduction of the Internet, but casinos seem to have thrived. This is because nothing beats the environment of gambling in a casino environment, even playing in the comfort of your own home.

Therefore, opening a casino is still a profitable business and you will have the opportunity to make a lot of money. If you think that you are interested in opening your own casino, you should read ahead for some ideas and how to go about opening the business.

Plan

Before you approach anyone concerning your idea, you should have a business plan clear in your head. You should be making a portfolio of your plans, especially if you need some investors.

You could even have some ideas about whether you want to buy a property and convert it into a casino, or have a building built from scratch so it will be tailor made for your plans. Both these options are expensive, so you need to have some start-up costs.

If you are not sure what you need to know to make the business plan, then you should do some research and even take a trip to Las Vegas and have a chat with the casino owners. Tell them that you want to build a casino in your area and they might be interested in investing.

If they have any franchise programs, you should give them some considerable thought because then you will be able to use their name and their equipment. There will already be a business image in place, which you can just use. This will be a lot less work, but you will not have any design input.

Investors

When you are in the position to show your plan to the investors, you need to be passionate about the idea and you should have a model, or a 3D drawing of the casino. You have to know what you are talking about because they will see through you if you don’t and then you will have failed before your idea has even got off the ground.

It might be a good idea to have some custom playing cards made with the name of the casino and the logo on them. This will give the investors the impression that you are extremely serious about your plans. They will be very impressed that you were proactive enough to have a pack of cards made.

Permits

Once you have the investors, it is time to apply for the permits. You will need building permits and a gaming license before you have even laid a brick. Do not start building unless you have the permits because they will knock the building down.

Also, do not play any games without a license because you will be liable to prosecution for gambling without a license.

Peripherals

Once everything is in place and construction has begun, it is time to buy all the peripheral items. This includes custom made cards, poker chips, gaming tables and even the interior design.

This is the time when you should be getting excited and thinking about your brand ideas and the image that you want for the casino. If you are that excited, you might even be thinking about building your next casino.

The future is bright for casino owners. People enjoy going to casinos and there will be people who go to casinos every single night because they like the social atmosphere, so start thinking about membership cards and loyalty programs.

Vegas Beyond Today and Tomorrow at the New M Resort and Casino

Las Vegas, has always stood for value. Overtime, they have been building mega casinos, with literally thousands of rooms and thousands of square feet, and the crowds have loved it. City Center, is a multi billion dollar investment, with over half the money coming in from Dubai, to finance the project, that is owned my MGM.

With the current economy, and most major resort casinos, losing money, going into bankruptcy and loans becoming due that most casinos, with their current debt load cannot possibly pay, are looking for alternative ways to keep the crowds coming in and make a profit.

One such new casino, is the new M resort and spa, that opened, just last month on the far south of the strip, even beyond Southpoint resort and casino. The “M” resort is very unique and perhaps an indication of the wave of the future. For instance, have you ever heard of a casino, anywhere in the World, having a fully staffed pharmacy, right next to slot machines? Yep, for sure, there it is right next to the sound of those winning slot machines, on the casino floor. What in heavens name, is a pharmacy doing in a casino , you might just wonder. Well, folks, the demographics of America and the over all population are changing. More and more people are becoming older and no longer want the multi mega casinos that were built in the 80’s and 90’s..

Seniors, want a more closed in casino, where they do not have to walk a mile to get to their destination, often just a bathroom, takes several city blocks in a mega casino to reach. And as for the pharmacy, do you know how many seniors, are on some prescription, millions of us, a definite plus for the new “M” that will bring them repeat business for having been the fore runner of this new era.

They also have a buffet, that after 40 years in coming to Vegas, and having eaten at almost every buffet in town, including the new Wynn, hands down beats every buffet in this city, in price, service, selection and ambiance of the surrounding atmosphere in the M buffet. Would you believe, they serve premium beer and wine, along with a buffet selection of over 100 dishes from around the World, including a mini sushi selection. On by the way, did I mention the dessert bar, with a selection of the finest desserts in the World. Did I mention , the fresh baked sliced bread—Wow, simply a 5 star place, at a one star price folks! The modern moving graphics above the buffet walls are like no other, you have ever seen.

This place even has a wine cellar, like no other in the country, including the wine area of Napa valley in California. Have you ever sampled wine, sold by 1, 2 or 3 ounce glass, sold by a credit card. Simply, put your credit card in the vintage wine bottle of your choice, press the button, and out pours your premium wine selection for your taste buds, not to mention a relaxing ambiance lounge to relax in.

I could go on and on and simply rave about this resort. Did I mention the unique, serve your self water and soda bar in the middle of the casino, like no other in Las Vegas.

In conclusion, the “M” is truly, the new wave of the future for Las Vegas, a 5 star place, at a 1 star budget, recommend it with no reservations.

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