You will need almost one-million dollars to start a respectable casino which includes adding in 1st-year losses, cash reserves, and starting the casino itself. The best location is variable; it is recommended to stick to regulated places of course so that you do not have to face legal problems. As for the software to use it is a matter of preference but three of the biggest names include Playtech, Cryptologic, and Microgaming. For more details, you can read the “Starting an Online Casino Article” as it discusses this subject in detail.