We offer everything you need to get your iGaming business up and running, from license acquisition to merchant account opening and trademark consultancy.
A license allows the holder to legally operate a gambling business. It is necessary for registration of a company, opening bank accounts, and workflow, as well as proving your credibility and creating the reputation of a reliable business in the eyes of B2B suppliers and players. A permit allows you to operate in regulated markets and protects you from fines and legal problems, as well as enabling the holder to enter new markets and cooperate with well-known developers.
Almost everywhere, a license is the first thing operators need when establishing a gambling business. Only with a permit can you legally conduct gambling activities in all jurisdictions where gambling is allowed.
Because bingo is a form of gambling, it is subject to government regulation. Before you can open a bingo hall, you have to get a permit. An iGaming company must obtain a license of the jurisdiction where it is going to conduct gambling activities, even if they only plan to organize bingo and lottery games.
The documents and requirements for obtaining an online gaming license are different from one jurisdiction to another. In any case, the applicant must prove their transparency and reliability.
It is recommended that those planning to obtain an online gambling license prepare a package with all the necessary documents and make sure that they are filled out correctly. It is also necessary to take into account that — depending on the jurisdiction — the strictness of the documentation review process also varies: sometimes, even a minor mistake can result in a rejection of the application.
On the island of Curaçao, there are two types of licenses: a master license and sub-license. The Curaçao sub-license allows you to organize all available gambling activities with a single license. The final cost of the license is determined by a number of factors, and the consideration of the application by the Curaçao Gambling Commission takes about six weeks.
Permits from the Isle of Man cover all types of activities and it can be chosen depending on the company’s purpose and business model. The cost of a permit on the Isle of Man starts from £40,000. The applicants must prove transparency and reliability of their activities, so all individuals and entities listed in the application undergo a rigorous and detailed legal and financial verification. Verification can take 10-12 weeks from receipt of the application. The license is issued for a period of five years, and the Gambling Commission reserves the right to cancel it at any time in case of violation of any restriction.
Our experts help in preparing all the necessary documentation and carrying out all the administrative tasks of the jurisdiction in which the client applies for gambling licensing. We help with the following issues:
Every business needs to open a bank account to function, but for an iGaming enterprise, opening one is not always easy.
To accept credit and debit card payments, you need a merchant account.
Anti-money laundering is a serious concern in the world of international business — and especially in iGaming.
To succeed, a gaming business needs to balance effective promotion and compliance with gambling advertising restrictions.
As your business grows and expands, your name will attract scores of loyal customers.
A gaming license is a permit issued by the commission or association controlled by a government or state that enables the holder to organize or conduct any gambling game, gaming device, slot machine, or betting or sports pool. Obtaining an online gambling license is a necessary step when starting any gambling business. Some people think it’s complicated and expensive, but in the long run it’s worth the money and time.
Every licensing authority has its own application process. Generally, you can count on paying fees, filling out lots of paperwork, and waiting for at least two or three months. Often, licensing authorities enforce certain standards that the platform software must adhere to, so it can help your chances of a successful application to cooperate with a licensed, reputable software provider. A minor mistake on an application form can spoil the whole process and send the applicant back to square one. To avoid wasting time and money, it’s a very common practice for potential operators to seek jurisdictional advice and services from a legal team with experience in the field of iGaming licensing.
You should research which jurisdictions regulate gambling in order to obtain a license. Find out the criteria and requirements in the jurisdiction you are interested in. Then analyze the cost of obtaining it and its cost-effectiveness. Look at the tax policies in that country, as well as the deadlines for processing and extending the license.
No, there are no such licenses. No gaming license covers the full range of iGaming regions. Look into the territorial specifics of licenses beforehand to make sure there are no legal barriers between your online casino and your target audience.
