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First, have backing of around $ 100,000,000. Have a squeaky clean reputation with no arrests and no contacts with unsavory characters. Make application to the Nevada Gaming Commission naming affiliates, who will be in management.Have a site which is approved for a casino.

Tom Breitling has written a book about buying a casino. He and his partner had made $100Million in their twenties on an online service and sold it. They wanted to buy a casino. MGM-Mirage decided to sell the original casino that had started the Mirage company and Steve Wynn (the Golden Nugget) in downtown Las Vegas. After the slowdown in the economy after 9/11 Mirage decided to let the property go for $215 million. The partners put up $25 million apiece and raised another $155 million from some investors (including Andre Agassi).

= They have some good stories to tell, but the upshot is after running the business for a year, a Texas restaurant tycoon bought the casino for a $100 million dollar proft. Since they had made $100 million on their last company, this was the inspiration for the book title.

Timeline agreed on price to buy casino in July 2002, settled in Jan 2003, agreed to sell in Jan 2004, finalized sale in summer of 2004.

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These two partners had never owned a casino before.

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If that's too rich for your blood, a Miami developer bough a run down casino in downtown for $15 million (100 room hotel). He ended up flipping it a few months later for about $21 million. The new owners are fixing it up as we speak.

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Another guy has just bought his second casino in downtown Vegas (for $38 million). The hotel has 366 rooms. It is the Binion's casino which is the birthplace of the World Series of Poker. The rights to the WSOP name have been bought by Harrah's corporation. The name is worth more than the casino. He got started by buying a chain of pubs with limited number of gambling machines.

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In Nevada if you only have 15 machines or less then you have a restricted license. However, you can't have any table games or roulette wheels. These licenses are very easy to get. Perhaps you can start there. Of the 12,000 slot machines in downtown Vegas, the average revenue in August was $2600 (for the month). A machine in a big casino on the strip gets double that. By revenue I mean money left in the machine. Income depends on paying for the machine (with some kind of financing) and servicing the machine.

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I am sure there are a lot of people in their early 20's with restricted licenses.

you need a gaming license, and a lot of luck.

i dont want to discourage you, but it would be nearly impossible.

better to try start an online casino, you will need atleast a million to get going....this isnt some random number either....i have looked briefly into it and that is atleast what you will need if you want to stand even a chance at success.

so get saving!!!!!

or try open an illegal one and go from there (thats a joke btw)

Wait till your 21 first.

a lot of money and guts