Online Casino License: A Legal Business with Casino Market01 march 2020
5.2. The Isle of Man
5.3. Costa Rica
5.4. Antigua and Barbuda
An impeccable reputation is one of the most important criteria for evaluating a gaming website. In addition, the best way to demonstrate the reliability of the brand is casino licensing. The official permission for gambling activities opens up a lot of prospects for the operator, from audience loyalty to new partnership agreements and multiple growths of traffic.
The Casino Market managers will help you understand how the casino licensing process is going on, what documents the applicant needs to prepare, and what are the benefits of an online casino with a license. We are ready to offer our consulting services. Besides, you can order a turnkey gaming project from us.
The format of the document allowing to conduct gambling business depends on the market in which it is planned to distribute the services.
Four main ways to regulate the gambling industry can be identified today:
- Gambling business monopoly.
- The ban on the organization and distribution of gaming services.
- Regulation of game objects is performed only on the territory of the state.
- There is no system of control over gambling activities.
An online casino license is an official document allowing a company to offer legal services in the territory of a particular country.
A permit can be issued in two formats: an internal license (for operating in the territory of the licensee-country) or an international certificate.
The second variant is issued by foreign offshore companies. It has the following advantages:
- the right to attract an international audience;
- the absence of double taxation;
- more currencies for converting.
Online casino licensing allows the operator to count on the following benefits:
- Work in the legitimate sector. Casino licensing allows operators to offer services without unwanted attention from government officials.
- Reliable partners. A legal operator can enter into agreements with trusted investors, major banking institutions, and the best suppliers of gambling software.
- Loyal audience. The open information about the number and status of the license causes subconscious trust among users because players do not want to risk their money and play on unverified sites without specifying data on the gambling permits and software certificates.
The independent legalization of a gambling start-up is a lengthy and costly process that requires significant juridical preparation.
How to get a casino license: Basic steps
Collection of documentation
An operator must provide the following set of documentation to buy a casino license:
It should be noted that there are no standard international forms for obtaining a gambling license. Each jurisdiction reserves the right to require a unique set of documents and identification procedures from the applicant (up to fingerprint verification)
Many offshore companies require operators to open local representative offices in a particular territory
Agreement with the bank
Before buying an online casino license, the owner of the gaming website must formalize official cooperation with a banking agent and open a reserve fund (the size of the authorized capital is established by the chosen jurisdiction)
The procedure can take from three weeks to six months. Moreover, the operator is obliged to make an initial non-refundable deposit for consideration of the application, without receiving any guarantees in return, and the authorized offshore authorities may refuse to process the request without giving reasons.
A convenient and profitable alternative is the purchase of a turnkey online casino with a license. The Casino Market team is ready to take full responsibility for the legal and technical management of the project with a guarantee of payback during 2-6 months.
The service includes:
- unique design and logo (several available options);
- the best game content from international suppliers (Playtech, Slotegrator, Greentube, Aristocrat, Amatic, Betsoft, NetEnt and others);
- free system updates;
- convenient back-office with an expanded set of analytical tools;
- development of a unique loyalty program (bonuses, promotions, personal newsletters, player statuses, etc.);
- legal support (assistance in collecting documents, concluding agreements with suppliers, resolving disputes with users of the resource).
If you want to know how much a casino license cost is, consider the most popular jurisdictions issuing permits for international activities.
This jurisdiction proposes four types of licenses (for virtual slot machines, lotteries, poker rooms, and online bookmakers). An operator can buy a casino license issued for five years.
The cost of a turnkey online casino with a license of Malta include:
- non-refundable contribution — $2,230;
- annual maintenance — $8,500;
- monthly tax rate — 4 600-7 000 dollars;
- reserve fund — from $100,000.
Before applying, you should weigh all the casino license pros and cons, evaluate the reasonability of obtaining a license in this offshore zone.
The price of permission:
- fee for consideration of the request — 5 thousand pounds;
- annual maintenance — 35 thousand pounds;
- gambling tax — 0.1-1.5% per year.
This jurisdiction issues commercial data processing licenses.
The purchase of a certificate brings the following benefits to the operator:
- the organization and provision of gambling services are not taxed;
- access to European and American markets;
- legal support services;
- the stable political and economic situation in the country.
An online casino license costs about 125 thousand dollars (a fee for considering the application and annual renewal of the certificate).
This is one of the most popular jurisdictions.
Licensing cost include:
- application submission — 2,000 euros;
- monthly maintenance — 1,500 euros;
- tax contribution — 2% (for remote suppliers who do not have a representative office in the offshore territory).
The legalization of the project is the key to successful work without the risk of penalties from the governing bodies.
The presence of a license will allow you to count on stable and high profits. The main thing is to provide website visitors with access to information about the permit number. However, the question of how to check a casino for a license remains relevant even when all data is publicly available.
The service of checking the status of gambling certificates is available in the following offshore zones:
- The Isle of Man;
- United Kingdom;
Gambling business, like any other activities, is subject to mandatory legalization. Moreover, an independent obtaining of a license may take several months.
Leave a request to the Casino Market specialists, and we will explain to you how to get a casino license, avoiding pitfalls. You can order not only consulting services from us but also the development of full-fledged projects.
A turnkey online casino with a license from Casino Market is a guarantee of quick access to the international market. Our team works only with the best suppliers. Moreover, we are ready to implement exclusive solutions according to your sketches.
Evaluate the benefits of cooperating with us right now:
- email: firstname.lastname@example.org
- Skype: support.casinosupermarket
- feedback form.
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