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Online Casinos for Sale

Pros and Cons

  • Specialized iGaming Marketplace
  • Diverse Inventory Across All iGaming Sectors
  • Licensing Jurisdictions
  • Transparent Pricing and Detailed Information
  • Time-Efficient Discovery Process
  • Established Player Bases and Revenue Streams
  • Confidential Transaction Process
  • Strategic Acquisition Opportunities
  • Comparative Market Intelligence
  • Access to Off-Limit Markets and Opportunities
  • Due Diligence Responsibility and Verification Challenges
  • Market Competition and Pricing Dynamics
  • Limited Platform Support and Transaction Complexity

Frequently Asked Questions

How much does it cost to buy an online casino?

Online casino prices vary dramatically based on revenue, licensing, player database size, and market position. Entry-level white label casinos can be acquired for $50,000-$150,000, while small independent operations typically range from $100,000-$500,000. Mid-sized casinos with established revenue streams commonly sell for $500,000-$2,000,000, and premium operations with major licenses (MGA, UKGC) and substantial player bases can command $3,000,000-$10,000,000 or more. Affiliate businesses generally represent lower entry points ($30,000-$500,000 for most listings), while comprehensive multi-brand portfolios can exceed $5,000,000. The investment required depends entirely on your goals, target markets, and operational capabilities.

Do I need gambling industry experience to buy a casino?

While iGaming experience is advantageous, it’s not absolutely required. Many successful acquisitions involve buyers from adjacent industries (technology, finance, marketing) who bring transferable skills and partner with experienced operators or retain existing management teams. However, you should understand the fundamentals of online gambling operations, regulatory requirements, and player acquisition strategies. Consider starting with smaller acquisitions or white label operations that include platform provider support. Many sellers offer transition assistance and training periods. Surrounding yourself with knowledgeable advisors – including iGaming lawyers, experienced operators, and industry consultants – can compensate for limited personal experience.

How long does it take to complete a casino acquisition?

The timeline varies significantly based on deal complexity, licensing transfers, and due diligence requirements. Simple white label acquisitions without license transfers can close in 4-6 weeks. Standard casino acquisitions typically require 2-4 months from initial agreement to closing, accounting for due diligence (4-6 weeks), legal documentation (2-3 weeks), and final negotiations. Transactions involving license transfers to new ownership can extend to 4-6 months or longer, as regulatory authorities must approve ownership changes. Complex multi-brand portfolios or businesses in heavily regulated jurisdictions (Malta, UK) may require 6-12 months. Factors affecting timeline include: regulatory approval requirements, financing arrangements, seller responsiveness, technical complexity, and negotiation dynamics.

What licenses are needed to operate an online casino?

Licensing requirements depend on your target markets and operational model. For international operations outside strictly regulated markets, Curaçao licenses are popular due to lower costs ($15,000-$50,000 annually) and straightforward application processes. European Union market access typically requires Malta Gaming Authority (MGA) licenses, considered gold-standard but requiring substantial capital (€100,000+ reserves) and rigorous compliance. UK market access requires UK Gambling Commission licensing, one of the world’s strictest regulatory regimes. Many crypto casinos operate under Curaçao or Costa Rica licensing for flexibility. Some operators pursue multiple licenses to access different markets legally. When buying an existing casino, licenses may transfer with the business (some jurisdictions) or require new applications in your name. Always consult iGaming legal specialists regarding license requirements for your specific situation.

Can I operate a casino from any country?

Your operational location is separate from your target markets, but both have implications. Many casinos are operated from jurisdictions with favorable business environments and technical talent pools (Malta, Cyprus, Estonia, Costa Rica, Philippines) while being licensed in different jurisdictions. However, some countries prohibit their residents from operating online gambling businesses targeting certain markets. Additionally, payment processing, banking relationships, and team hiring are affected by your operational jurisdiction. When acquiring a casino, consider whether you’ll maintain the existing operational location or relocate operations. Factors include: local taxation, availability of iGaming professionals, time zones relative to target markets, cost of operations, and legal frameworks. Many buyers maintain existing operational structures initially, then optimize locations as they understand the business better.

How are online casinos valued?

Online casino valuations typically use EBITDA multiples, though various factors influence final pricing. Standard multiples range from 2x-5x annual EBITDA, with variations based on: licensing jurisdiction (MGA/UKGC command premiums), revenue trajectory (growing businesses receive higher multiples), player database quality (active, high-value players increase valuations), market position (dominant brands justify premiums), and technology assets (proprietary platforms may add value). Revenue multiples (0.5x-2x annual revenue) are sometimes used for businesses without clear profitability or those with significant growth potential. Additional value comes from strategic factors: exclusive supplier agreements, strong SEO rankings, established payment processing relationships, and quality operational teams. Distressed sales or motivated sellers may accept below-market valuations, while competitive bidding situations can drive premiums. Professional valuations consider all these factors in reaching fair market values.

What ongoing costs should I expect after buying a casino?

Operating costs vary by business size and model, but typical ongoing expenses include: gaming licenses and regulatory fees ($15,000-$100,000+ annually depending on jurisdiction), platform fees for white labels (15-30% of gross gaming revenue) or proprietary platform maintenance, game provider fees (typically 10-20% of game revenue), payment processing fees (3-8% of transactions plus monthly minimums), customer acquisition costs (often 20-40% of revenue for competitive markets), staff salaries for customer support, marketing, compliance, and management, server hosting and technical infrastructure ($2,000-$20,000+ monthly), responsible gaming and compliance tools, and marketing expenses including SEO, affiliate commissions (20-40% of net revenue), and advertising. Well-operated casinos typically maintain operating margins of 20-40% of revenue after these costs. Review the target business’s detailed operating expenses during due diligence to understand the specific cost structure you’re inheriting.