How to Start Your Own Gaming Company

The online casino and gambling industries are booming businesses, with the British sector of the market pulling in an impressive £6.3 million in gross gambling yield in the 2012-2013 fiscal year alone. If you’re interested in breaking into the market, you’ll need to do more than just have a vision for a unique and innovative gaming site; having your paperwork in order and developing a solid business plan will be essential for breaking into what is a very competitive field.

online gaming

Finding a Software Provider

There are several excellent gaming software providers on the market, with notable companies such as Playtech, Microgaming and NetEnt all offering high-quality slots, betting software and card and table games. Ultimately, your choice may depend on operating costs for various providers – while smaller outfits may offer a better licensing fee for use of their games, major operators can command higher rates which could quickly eat into your profit margins. On the other hand, smaller companies often produce innovation games and betting software that could attract customers to your site as they look for new, exciting online gaming experiences.

Licensing and Regulation

Licensing is essential for your new online gaming company – without it, you won’t be able to market to your target audience. Many new operators choose to be licensed by the Malta Gaming Authority (MGA), which regulates online and land-based gaming for the country as well as for those who choose to offer gaming options to a wider European audience. By choosing to base your company in Malta, you can benefit from better tax rates, lower operating costs and a good reputation. You can get started with help from GTG Advocates, who provide a dedicated service for new operators that covers tax planning, licensing, technical set-ups and advice on the gambling laws of Malta.

After you’ve sorted your license and tax situation, you can then get started with what could one of the most rewarding business ventures available in today’s global gaming market.