Opening a casino is a significant financial endeavor. The primary costs to consider include:
- Licensing Fees: Expect to pay anywhere between $50,000 to several million dollars based on jurisdiction.
- Construction Costs: Building a casino can range from $10 million to over $1 billion, depending on the size and location.
- Operational Costs: Initial staffing, equipment, and utilities could total up to $10 million.
- Marketing: Allocate around $500,000 for initial marketing campaigns to attract visitors.
These estimates highlight the substantial investment required, emphasizing the need for thorough financial planning and robust funding sources.