here is what one guy told me.
The casino site is great for a co-branded site (or affiliate) stick it on line and make money that way. In the long run you may end up being better off.
I do think that in many cases that one can do better with setting up as many sites as possible as affiliate type sites. My goal is to have 100 such sites and have each one generate a minimum of just $25 a month. If I can do that I will get a cool $30k a year for free!