We at Online Casino Gaming Entertainment Ltd are forever grateful to CM Loans. Back in 2011, when iGaming and online casinos weren’t as popular as they are now, we were a struggling company with 14 employees. That’s the bare minimum to start a casino. After all, you need at least 3 people for the customer support team, 3 for the KYC checks, 1 CEO, 4 account managers to deal with suppliers (both gaming and payment providers), 1 corporate attorney, 1 translator and 1 security expert. That is apart from the company that takes care of the website. So you can imagine how money it costs to keep a casino afloat.
Immediately we looked into the costs and benefits of relocating to Malta with our casino. The costs would be much lower than what we had had so far and there were countless benefits to an eventual relocation. When we finally decided to move again, we sat down our employees and provided them with an option to come with. What we didn’t expect is that they would all jump on the chance to move to Europe. Especially since we were going to such a tiny island. But our support hero, who had given us the idea to begin with, had convinced his colleague by saying there were many career opportunities at other online casinos once they were there.
As we couldn’t take back our promise, we now needed to move all our employees with us. And we were nearly broke as it was already. So we decided to go to our bank to ask for loan. When our contact went through our numbers, he almost broke down from all the laughing he did. Needless to say we didn’t get a loan. The same happened at the next bank we went to. And the next and the one after that. We must have gone to at least ten banks, when one of our KYC team members told us about CM Loans. Her brother had gotten a loan here when he was down on his luck and he was very happy about it. And so we tried it as a last resort. This was the best decision we ever made. We were able to make the move to Malta and now our online casino is flourishing. All thanks to CM Loans.