The basic premise of licensing online bingo, casino, poker and sportsbook betting businesses was to improve the quality of services delivered to consumers and is now a mandatory requirement for conducting legal gambling business online.
However, as online gambling is considered a prohibited activity in a number of countries, most online gambling licenses are issued by the governments of ‘offshore countries’.
Generally speaking, obtaining an online gambling license is a complex process involving a variety of due diligence requirements which must be fulfilled, that said, most Online Betting and Online Casino businesses have some form of online gambling license.
All legal online gambling businesses must be registered and in compliance in at least one jurisdiction. The most common jurisdictions that online gambling businesses register in are Caribbean nations such as Antigua and Barbuda, Costa Rica, and Curacao and European nations such as Malta and the UK.
We assist our clients in the following jurisdictions:
Costa Rica was the preferred jurisdiction for more than 100 online gambling companies and 300 gambling websites, making it an excellent jurisdiction for start-ups in the online gambling industry.
The Curaçao Gaming Control board made online gambling a central industry for the island of Curaçao, and with doing so expanded the island’s licensing capabilities. At this moment in time the sub-licensing opportunities that exist are both low cost and easy to obtain making Curaçao the #1 top jurisdiction for launching a licensed Online Gaming Business.
The Isle of Man is in our professional opinion the ideal jurisdiction to base an online gaming business serving the EU & Asian markets due to the comprehensive regulatory framework in place, including but not limited to the Online Gambling Regulation Act of 2001, which legalized Online Gaming operations in the country. The Isle of Man is recognized as one of the most reputable white-label jurisdictions, offering world-class infrastructure and services for operators in the online gaming industry of all sizes.
Malta Public Lotto Ordinance Act of 2000 introduced Remote Gambling regulations to the Island nation empowering operators across Europe to base their operations there and deliver remote gambling services for online gambling while enjoying tax benefits.
It is critical when choosing the jurisdiction to base your online betting, bingo, casino, poker or sports betting business that you consider initial licensing costs, ongoing licensing costs, maintenance costs, availability of ancillary services and tax costs and benefits.
The basic premise of licensing online bingo, casino, poker and sportsbook betting businesses was to improve the quality of services delivered to consumers and is now a mandatory requirement for conducting legal gambling business online.
Licensing provides players with a level of trust and as such enhances the chances of success for the business.
Having a proper legal structure and some form of license facilitates availability of:
Banking –Virtually all banks require some form of gambling license in order to set up a Bank Account for your business ensuring your business is legally compliant.
Payment Processing –You will not be able to set up merchant accounts and other payment processing accounts to receive payments from customers via bank cards and accounts without some form of license.
To find out more about licensing procedures, requirements and costs, please select one of the jurisdictions above.
We understand that selecting a jurisdiction to base your online betting, bingo, casino, poker or sports betting business is a challenging task. If you are not sure about which jurisdiction is most suited to your needs and budget contact us and we’ll help you make the right selection.
Now is a great time to set up an Online Gambling Business.
