This cash rich macau casino does little for investors

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How to beat the odds and other start-ups to win investment Five secrets to raising money for your business.

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Make sure local zoning laws allow for a casino in the area, and that you have enough space to construct the building and parking lot. Apply for construction permits to build your casino and start construction.

Employ project managers to oversee the development of each part of the casino. Apply for a gaming license with the appropriate department in your jurisdiction.

Each state has its own gambling control organization, so be sure to find the appropriate department to apply to.

Schedule an appointment with your local department of health and safety if you plan to sell food at your casino. Buy gaming equipment such as slot machines, video poker machines, roulette tables, poker tables, blackjack tables, craps tables, baccarat tables, chips, cards and card shoes, and safes.

Because casinos frequently go out of business, you will likely be able to find this equipment at a discount from a bankrupt casino.

Purchase property and liability insurance for your casino. The amount of this insurance will vary based on the value of your property and other factors.

You may also need specialized gaming or casino insurance to limit your risk of other lawsuits. Interview and hire experienced personnel.

Casino employees are also required to be licensed by their state governments. Consult [this list http: Advertise your casino in the media.

Make sure to draw as much attention as possible to it with television and radio commercials, as well as ads on Internet sites for tourism and recreation.

Be sure that you are ready to open. Be sure that you have as much cash on hand as you are required to and that your operations are running smoothly.

You may even choose to do a dry run with your employees to be sure that they know what to do in any situation.

Open your casino with a grand opening. Invite celebrities to attend the opening, as well as press to cover it in the media.

Offer benefits like free drinks or additional free chips to your first customers. Definitely, you need a licence for anything related to gambling in most places in Europe and North America.

Not Helpful 0 Helpful 4. Yeah, go for it! You can do anything if you put your mind to it. Not Helpful 9 Helpful 4. What is the approximate cost to build a casino and how do I earn the money to do it?

It can cost millions of dollars to build a casino. Work hard and try to find investors. Not Helpful 6 Helpful 2. How much land do I need to build a casino?

Answer this question Flag as If Macau gets out of hand, Beijing can turn it into a desert overnight by refusing internal visas to mainland Chinese.

But the casino operators think that unlikely — as the money might instead switch to Singapore, away from Chinese control, where two new mega-casinos are already close to matching the whole of Vegas in takings.

It is a uniquely Chinese place, with hangar-like casinos encircled by Gucci and Louis Vuitton shops. Vegas-style entertainment is thin on the ground, swimming pools are unused, and nightclubs rare.

The average Chinese visitor spends 1. Prostitution is legal, though pimping is not. The daily parade of sex workers in a mall below the Lisboa dubbed "the Race Track" draws organised tour groups with cameras, rather than many real punters.

A water fountain show in front of the five-star Wynn evokes Vegas, but the backdrop of Chinese casino architecture is so extraordinarily vulgar it makes Vegas look almost charming.

But Brits can make money from the tables of Macau without going anywhere near China. Shares in casino operators are among the most popular investments in many emerging market and China funds — though ethical investors may wish to steer clear of what one of my fellow journalists called the new Sodom and Gomorrah.

VIPs check into the multimillion-pound suites then head straight to the private tables. The suites are used just as washrooms, really.

Order by newest oldest recommendations.

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