postheadericon How to open a casino

Kevin Sheehan is a well-known person in the industries he has competed in. So much so, he keeps on competing in new industries since he loves the challenge. Kevin Sheehan’s latest venture is in the casino industry. H would like to share a few things he has learned so far.

 

What you need to know before opening your own casino

It is no small feat opening your own business, especially if that is something like a casino. In other words, barriers to entry in this industry is fairly high due to large capital requirements as well as acquiring licenses to open shop. The capital provided will need to be placed on the various tables needed such as poker, blackjack, roulette, craps, baccarat and so on. As you can imagine these tables are not cheap. Not only do you need to invest into getting those tables, but security needs to be present in the facilities since there are people who will walk in trying to cheat the system with their tricks and technology. Security cameras and sensors need to be put in place to make sure to catch people who are doing this. Casinos are also a place that tends to invest a lot in the décor and feel of the rooms since the goal is to get people to want to spend a lot of time in the facilities. There is a lot of thought that goes behind the planning and atmosphere of the casino.

 

Licenses needed to open a casino

When Kevin Sheehan has taken the decision to open a casino, it takes quite some time to first get approval on where to open before you can even start construction of the building. There are many licenses needed to set up shop. The first one is picking the right location and getting approval of the right zoning laws. You would also need an operating license since it is required to run a casino to offer the games. Without it, no one can play any games at your casino. Next you would need to get a personal license and this one is especially important for the employees working at the casino as it is required for people who are involved in the gaming or handling of the money. Lastly, a premises license is needed to run the casino no matter how big or small. The local licensing authority in the area provides this one.

 

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