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 four 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.
The Gambling and Lottery Commission is responsible for issuing licenses in Ukraine. Each form of gambling activity requires its respective type of license. There are also investment licenses available for land-based gaming investment projects.
Estonia issues two licenses: one for betting operations and one for online casino. The licensee may be an Estonian company or a company incorporated anywhere within the EU. License validity is unlimited, and the gambling tax is 5%.
From July 2021, online slot licenses will be issued at the federal level, while other games will be licensed by individual states (number of licenses = number of permits for land-based casinos). Online sports betting licenses are unlimited and issued at the state level.
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.
UNDERSTANDING THE CLIENT’S PREFERENCES
Slotegrator and the client discuss preferred markets for operation and requirements.
SIGNING A CONTRACT
The client signs a contract with Slotegrator, and we create a step-by-step license acquisition plan.
ADMINISTRATION AND PAPERWORK
Slotegrator assists in gathering all the necessary documents and certifications to fulfill the chosen jurisdiction’s requirements on the client’s behalf.
ACQUIRING A LICENSE
Slotegrator obtains a license for the client. Then, the client is set to begin operating a legitimate 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.