Honest and responsible operation in a transparent legal field is impossible without formal authorization by government under which the gambling business is conducted. License for website of online casino improves trust among players and adds importance to gambling market participant.
For an Internet casino customer, it is much preferable to play on a resource with a visible license number of specific jurisdiction rather than paying on the resource operating illegally. While one online casino is responsible for any action, another is illegal, as evidenced by the lack of information on a proper permit on the main page of casino website. The existence of a permit for legal activity adds a significance to operator in the industry.
At present, there are several jurisdictions with loyal gambling requirements to open companies and obtain licenses. Low tax rates and flexible gambling legislation create an enabling environment for work and development.
Most sought-after licenses:
On June 28, 2001, Australia adopted an Interactive Gambling Act, trying to regulate the non-licensed gambling activity online. Since then, Australia has been considered to be one of the most popular jurisdictions for online gambling.
One of the few European jurisdictions that provide licenses for gambling business operation. Notable for strict licensing requirements, including the one that companies shall be physically present on the state’s territory.
One of the most prestigious and recognized jurisdictions in the world with really convenient conditions for operation with European banks. Notable for high demands and standards, interested licensee shall undergo a full audit.
Netherlands Antilles (Curacao)
Curacao gambling commission has been providing licenses since 1996, and is considered to be one of the most reliable licensing services providers. One of the most convenient licenses with simplified acquirement scheme
Antigua and Barbuda
Jurisdiction in the Caribbean region that has been providing gambling licensing services since 1994. Licensing shall be approved by the Gambling Department
One of the first jurisdictions, where online gambling licensing has been allowed.
Has a range of strict requirements from the gambling commission, but recognized for its solid reputation.
Quite a reliable payment jurisdiction in Central America with a special commission controlling the granting and utilization of licenses. One of the most cost-efficient taxation requirements.
The Isle of Man
One of the most comprising jurisdictions, which provides complete gambling licenses, as well as limited versions. Quite demanding conditions for licensing, although this is very popular and prestigious European jurisdiction
This jurisdiction is special because it can issue a license for online transaction data processing. Pretty democratic requirements for procedure and price of acquiring the license.
Prestigious European jurisdiction granting licenses since 2000, after adoption of the corresponding legislation. The procedure of license obtaining is quite complex and expensive, but the reputation is very clean.
More than half of the listed jurisdictions comply with the legal field of the European Union, creating additional business convenience and expanding the target audience for almost all of Europe.
CASEXE specialists are ready to consult and assist in the processing of the licensing documentation. Our company is aware of the nuances of popular jurisdictions, as well as the procedure for obtaining permits. Gambling business licensing requires a minimum of effort thanks to the assistance of CASEXE staff and will be done without interruption and within the statutory deadline.
Our experts will help you find the most convenient and optimal licensing option with minimal fixed payments within the laws of the selected jurisdiction, taking into account the customer's capabilities and needs. If necessary, CASEXE may provide licensing services and advice on other related issues.
Casino License Application
In many countries, gambling is banned or restricted by strict frameworks that are inimical to development. In such countries, licensing is an extremely complex process accessible to a limited number of people and not available to all who wish to start a gambling business. Restrictions and bans are imposed on the regulators to prevent gambling addiction among the vulnerable segment of the population, in particular adolescents.
The countries listed above consider gambling, both land based and online, in a different way. The regulators of Malta or Gibraltar realize that this is the same business as oil or furniture production, which is simply specific.
The removal of the rigid framework gives freedom of enterprise development and the corresponding tax-filling of the state budget. The budget funds contribute to improvement of urban infrastructure, social assistance and effective programmes to combat gambling addiction, developed by experienced psychotherapists.
Doing business in a country where gambling is welcome is much simpler than in a state looking for pitfalls in each activity and willing to prohibit or tax any innovation. The same situation is with cryptocurrencies.
Online casino licensing is a process of submitting a package of documents to a regulator. Among the papers, there is company registration data, information about top managers, financial reports, development plan, etc. You must have the appropriate technology, the game content must be licensed and certificied by an independent auditor.
Before you obtain a license under certain jurisdiction, you must examine the legislation governing the gambling to avoid problems in the future. In this case, CASEXE professionals may save your time and take this challenge. The company's assistance will speed up license acquisition and bring the project's legal work to an online casino closer.
Benefits of Online Casino Licensing
Legal work of online casino has a number of advantages for business and players:
- Gambling entrepreneurs assume more responsibility, but are free to improve and develop business, saving on taxes (popular jurisdictions have fixed prices for licenses and standard tax rates on income of establishment). After paying the mandatory fees, the gambling business has the opportunity to improve its earnings, to engage specialists to promote the casino and to finance various projects in the framework of their operation.
- Players have more confidence in the licensed establishments. Any problems with the legal casino could be resolved through arbitration, since it was possible to prove the truth of one of the parties on the basis of existing financial and other documents. However, given the interest in increased traffic, a legitimate casino will try to avoid conflicts with players in order to preserve a good reputation.
Taking those factors into consideration, it can be concluded that casino license benefits gambling business and players, and speaks of a stable reputation. The activities of official gambling houses are controlled by the regulator and independent auditors, as well as by the operators themselves.
Players have much more trust in legal casinos. Therefore, obtaining a license becomes a necessary condition for successful business. CASEXE will share information about how to obtain a license and what requirements should be completed in order to conduct a smooth legalization process.