Regulations for the entertainment industry frequently change, and operators should be aware of the latest news to efficiently and legally run their projects. Casino Market experts present to you 5 trustworthy and beneficial jurisdictions for opening and scaling iGaming platforms.
At our company, you can order licensing assistance to avoid pitfalls and go through the complicated process with minimised risks.
Curaçao: Ongoing Regulatory Changes
This is a very popular destination for many gambling and sportsbook entrepreneurs worldwide. Now, the local system is experiencing substantial transformation. During this period, the current legal landscape continues to operate. However, some permits became rather limited for aspiring businessmen.
The new rules, entitled LOK, are set to come into force in September 2024. There will also be another regulatory body, the CGA, issuing licences under a revised fee schedule. For now, entrepreneurs can apply for necessary documents via the portal of the current authority, the GCB. The same addresses those who already worked with the jurisdiction. The Curaçao licence’s annual charge is about €62,500.
In other aspects, the situation remains rather unpredictable. There may be some fresh amendments offered and several nuances changed. The volatile conditions will probably last till September.
The Isle of Man: Great Opportunities
Liberal legislation attracts many iGaming managers to this jurisdiction. The local authority demonstrates a welcoming attitude towards the gambling segment. However, the island’s rules have become more demanding over the recent years. Such changes were necessary to ensure a decent level of fairness and responsibility in the entertainment sector.
The stricter norms also have benefits as they make the permit more prestigious and boost the reputation of the document’s holder. Punters may raise their trust in the platform of such an operator. The duration of the licence is 5 years, which is another advantage.
Let us review several strengths of the Isle of Man as a regulator:
- multicurrency;
- extra assistance;
- a loyal taxation system;
- a vast array of available markets;
- a permit that covers different content categories;
- a network document that allows for working with foreign users.
All types of entrepreneurs can get high-quality help with legal aspects, enterprise administration, promotion, software creation, investments, etc. The support program also offers loans and grants for small businesses, contributions to project improvement campaigns, and much more. Additionally, the jurisdiction assists with company relocation to the island.
The regulator has no capital gains fees and requires low gaming taxes:
- entrepreneurs pay 1.5% on the GGY of less than £20 million;
- 0.5% — on £20–40 million;
- 0.1% — on £40+ million.
The destination is part of the WTO and the OECD’s white list. This territory is known for its commitment to safety so the UKGC also approves it, allowing the licence holders to promote their offerings in Great Britain.
Kahnawake: Unwavering Stability
The regulatory body is widely known for its impeccable reputation and the absence of gaming taxes. Operators also appreciate the wide selection of licensing options that the authority offers. The local Client Provider Authorisation lasts for 5 years. Another advantage is the possibility to interact with players from all around the world, except for the US. The important requirement is adhering to the target market’s rules.
Key benefits of Kahnawake as a jurisdiction:
- rather flexible conditions;
- relatively cheap licence expenses;
- no corporate and extra gaming taxes;
- strong commitment to responsibility and fairness;
- popularity among gamblers and payment suppliers.
The territory is an especially great destination for iGaming businesses in the long run. The lack of large fees is a solid strength for the owners of casino, betting, poker and other platforms.
Malta: Stable Leadership Position
The MGA are among the most recognisable and valued regulators to entertainment portals’ managers. It has a great attitude towards gambling projects, which is considered the most friendly around the globe. The amusement business has a massive share in the country’s economy as it is the 3rd-biggest private segment here.
Back in 2018, there were changes in the legislation that delivered a simpler licensing procedure and a streamlined fee scheme. As a result, double taxation was eliminated after cancelling gaming charges. A large number of big amusement enterprises resorted to the authority to obtain their permits. Despite being a very popular destination, Malta still has a lot of space for aspiring businessmen.
Here are several benefits for young studios:
- The Compliance Contribution is paid every month but depends on overall revenue.
- This fee is waived for aspiring companies’ 1st year of operation, which helps entrepreneurs spend more money on other important tasks.
- To receive the 12-month delay, the project must make under €10 million and function for less than 5 years.
- The regulator is on the UKGC’s white list, which allows for advertising offerings in the British market.
In combination, these factors help a lot when it comes to the first spending on a business launch. That is why, both large corporations and young brands find it beneficial to register in this jurisdiction.
Anjouan: New Star on the Horizon
The popularity of this island rose rapidly in 2023 when many operators started to search for regulators with lower requirements and cheaper charges. The destination is now known for its relatively small licensing duties and straightforward application procedure.
The local permit boasts wide coverage, yet it has restricted markets, such as:
- Dutch;
- British;
- French;
- Spanish;
- German;
- Austrian;
- Comoros;
- American;
- Australian.
However, the selection of the available countries is still impressive. Combined with other advantages, this factor makes the jurisdiction highly appealing to various entrepreneurs.
Another strength is Anjouan’s all-inclusive permit. The document’s holders can offer various entertainment categories, including lotteries, RNG games, sports wagering options, etc. The licence also covers the supply of software products and services under White Label.
The local approval is valid for 12 months and needs to be renewed every year. The cost is about $25,000. Both B2B and B2C organisations can obtain the permit. The important nuance is that the authority does not support sublicensing.
Other significant benefits include:
- Quick registration. The answers for applications can be received in just 3 weeks.
- Digital expansion. The approval can cover 2 Uniform Resource Locators (URLs).
- Cost-efficiency. Operators do not have to pay gaming taxes in GGR and VAT.
Companies that have a rather small budget find this destination a perfect choice for a confident start in the iGaming segment. The regulatory body also requires licensees to deliver comprehensive assistance information to players. The details include counselling contacts and helpful resources for those who suffer from any form of gambling addiction.
This is how responsible operations are ensured, and ludomania is efficiently prevented here. It is also a great opportunity to demonstrate your care about customers. Not only do Anjouan’s standards save the time and funds of entrepreneurs, but they also grant a great base for a legal project launch. Thus, it is a perfect destination for aspiring brands.
The Main Things About 5 Popular iGaming Jurisdictions
A lawful nature of operations is obligatory for gambling managers. Modern regulators can detect illicit platforms in a matter of several hours or even quicker. To avoid these risks, entrepreneurs must receive a licence in one of the reputable jurisdictions. This addresses both domestic and international companies.
Let us once again list the 5 most famous and prestigious destinations:
- Curaçao. Despite going through some legislation changes, the territory is still among the best places for running an amusement business on the Web. There also may be some improvements and more precise details from the government on the upcoming changes soon.
- The Isle of Man. For years, it has been an appealing island for conducting gambling projects of various scales. The additional assistance with diverse entrepreneurial tasks gives the local authority some extra points and makes it even more alluring to operators worldwide.
- Kahnawake. Cost-effectiveness and commitment to responsible gaming make this variant attractive to brands from all around the world. Stability is another strength that makes operators choose this option for starting and prolonging their activities in different parts of the planet.
- Malta. This one is considered very prestigious. Both large enterprises and young companies resort to the MGA to obtain necessary documents for legal work. For many years, the country has retained its leadership in the market and shows no signs of decreasing popularity.
- Anjouan. Although there are some geographical restrictions, the island delivers a perfect foundation for a cost-effective and quick start in the industry. This is a great choice mostly for aspiring brands, yet well-established corporations can also find substantial benefits here.
Casino Market experts will aid you in choosing the best jurisdiction for your purposes from this range or beyond it. We help entrepreneurs obtain licences without any issues or delays. Our team also develops turnkey platforms and provides supplementary services, such as drafting business plans, launching promotion campaigns, developing slots, etc.
Feel free to contact us if you want to start or scale an iGaming project with the assistance of a reliable partner.
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