Gambling license acquisition
Casino licenses not only allow operators to legally start and run online and land-based gambling businesses, but also grant legitimacy and credibility to casino projects.
Maltese casino licenses are issued by the Malta Gaming Authority (MGA) and divided into B2B and B2C categories. The latter consists of 4 types of licenses, covering all forms of online casino games and sports betting.
The Curacao gaming license is often seen as operators’ first choice due to its affordability, reasonable requirements, and relatively low taxes. Moreover, one sub-license covers all types of gambling.
The gambling industry in the Isle of Man is regulated by the Gambling Supervision Commission (GSC). The Isle of Man offers 3 types of gaming licenses that cover all kinds of gambling activities.
The regulatory body in the UK, the United Kingdom Gambling Commission (UKGC), enforces strict licensing standards and requirements for applicants. The license is issued in approximately 16 weeks.
The Alderney Gambling Control Commission is one of the industry’s most high-profile online gambling jurisdictions. The Commission issues two categories of licenses, allowing operators to work directly with players and cooperate with software and game developers.
The Kahnawake Gaming Commission issues several different licenses. However, operators can only apply for the Client Provider Authorization (CPA) and the required Key Person Permits.
Belize offers only one license for all kinds of online gambling activities. While the requirements are stringent, the license may be issued within 24 hours.
In Gibraltar, there is no license application fee, but the Licensing Authority only considers companies in good financial condition with experience in the gambling industry, licenses from other jurisdictions, and a realistic business plan.
Having legalized gambling, Ukraine now offers an immense range of highly promising opportunities for investments in the gaming industry. While opening an online casino in 2020 was covered in detail in one of our latest articles, now we are going to guide you through the journey of launching a land-based casino in Ukraine.
While most post-Soviet states take a cautious approach towards the gambling industry, often treating it as a scapegoat, the Baltics are different. Also, instead of just adopting the stance of other European Union countries, the Baltic states created their own legal and economic framework.
German regulators have struggled for years to craft appropriate laws governing online gambling. Finally, in March of 2020, the new Interstate Treaty on Gambling was approved, which will go into effect in July 2021 and allow the licensing of online casinos. But what are the details of the law?
Choice of jurisdiction
Obtaining a gambling license helps casino owners gain players’ trust, cooperate with high-profile game developers, enter profitable markets, and successfully expand the reach of your business.
Requirements for getting a gambling license
Each jurisdiction determines its own set of requirements for obtaining a license. Usually, the list of basic documents includes (but is not limited to):
- Company registration
- Corporate documents
- Bank account confirmation
- Documents from all employees, including passport copies and criminal records
- A business plan, as well as financial and marketing plans
- Technical documentation, including software and hardware certifications
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How can Slotegrator help?
Slotegrator assists operators in the preparation of all necessary paperwork and administrative tasks required by the chosen jurisdiction to obtain permission to establish a gambling business.
The cost of acquiring a gambling license
Gambling license costs vary. Fees set by the regulators and commissions of given jurisdictions are applicable as well.
