It is advisable to take loans to establish a casino?

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Loan could be very important and it is a necessity most especially if you do not have enough capital to establish a business . Casinos is a form of business that needs a lot of capital, which means it is a capital intensive investment. Taking loan to fund casinos is not really advisable from my own point of view.
I want to ask if it is advisable to take loan for establishing a casino.
 
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It is not advisable to obtain a loan to establish a casino company. It is not going to be palatable if such thing is allowed to happen because taking loan for such business could be detrimental in the end.
 
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Setting up a casino website or business needs a lots of capital to start, if enough capital is not available i think one can borrow so as to finance the business and from the profit made the loan can be solve little by little, but most time it's not advisable to borrow money
 
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You could take a loan to establish a casino because it is a lucrative business and if you could do your marketing properly, you will definitely get people that will join your platform and you will make huge amount of profit.
 
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Lunching a casino website is a really profitable business if you can get the right funding, it'll take millions to establish a casino website, just make sure you can be able to repay your cash.
 
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Ajebo25 said:
Lunching a casino website is a really profitable business if you can get the right funding, it'll take millions to establish a casino website, just make sure you can be able to repay your cash.
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The website is capital intensive because there are lot of things involved from the design of the website to the amount that should be set aside to service the winnings of the people that have won.
 
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Casino business is a very lucrative business that will instantly bring you many profits after establishment but it's not actually a business you should be taking a loan to start because you will have to paying huge amount of money out due to people winning. What if after establishment, every customers that play game win from their game, will resit to another loan to payout winnings
 
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It is advisable to take loan to establish a casino because Casino is a very lucrative business and I'm quite sure that with proper brand marketing, you are going to make the money in ten folds within a short period of time.
 
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If there is much experience about how casino is run. It may be better to take a loan since the money involved in starting up casino website is much. You really must know how it works before you take up loan to avoid running into debts.
 
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Btaliat said:
If there is much experience about how casino is run. It may be better to take a loan since the money involved in starting up casino website is much. You really must know how it works before you take up loan to avoid running into debts.
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The money that is involved in starting a casino is very huge. This is why so many people who who has started the business and do not have enough capital will always want to take loan to keep the business.
 
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Flower said:
The money that is involved in starting a casino is very huge. This is why so many people who who has started the business and do not have enough capital will always want to take loan to keep the business.
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Casino business needs a lot of capital to establish because it is not a business for someone who does not have enough money. You should have enough money to run the business more effectively.
 
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Flower said:
The money that is involved in starting a casino is very huge. This is why so many people who who has started the business and do not have enough capital will always want to take loan to keep the business.
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That's true. I haven't heard that casino was infact built by just an individual. It is either it is jointly established or the person sought for loans else where to get the business started because of the large capital.
 
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Btaliat said:
That's true. I haven't heard that casino was infact built by just an individual. It is either it is jointly established or the person sought for loans else where to get the business started because of the large capital.
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It is true that the money that was involved in establishing the casino is very huge and it will be extremely difficult for one person to gather the money to establish such business. That is why partnership could be needed sometimes.
 
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You should not try this ,the casino gambling itself is a very risky something ,just as the way you could make profit is the same way you could actually make loss ,so I would actually not advice you take such decision ,it's a very risky kind
 
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swift said:
You should not try this ,the casino gambling itself is a very risky something ,just as the way you could make profit is the same way you could actually make loss ,so I would actually not advice you take such decision ,it's a very risky kind
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It is a very lucrative business and provided you are able to get your marketing structure properly and you are able to get a very good location then I think that taking loan for such business could be wise.
 
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One thing I can say is that it depends on you that you want to obtain the loan. if it happens that you don't have experience about the business it is advisable to forget about obtaining loan to establish the business. The reason is that you might not be able to have control over things that go wrong with the business and you will end up losing everything.
 
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It is not advisable to take loans to establish a business. The major thing is that one should analyse the market critically before thinking of doing the business . It could be a capital intensive business for everyone.
 
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Well, casino establishment is a business and needs capital to kick-start effectively. So if one know the business can be run well and it would be successful then one can get a loan to start it. Yes I know it is kind of risky but starting a kind of business comes with its risk too
 
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cherry123 said:
Well, casino establishment is a business and needs capital to kick-start effectively. So if one know the business can be run well and it would be successful then one can get a loan to start it. Yes I know it is kind of risky but starting a kind of business comes with its risk too
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The person involved matters a lot. It depends on how he is good to make his marketing work, then taking loan for such business would be a good idea because I know that he will be able to make that money very quickly.
 
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It is not advisable to take a loan to gamble by any stretch, because gambler's may be forced to pay off the outstanding debt with subsequent interest when they incur losses, reducing their financial buoyancy even more
 
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