Gaming license requirements differ from justriction to justriction. For obtaining a gaming license, an application must be submitted to the appropriate authority. Licensing organizations are very thorough when making the decision to issue licenses, but it’s this process of scrutiny that inspires confidence in the players.
A detailed algorithm: how to get a gaming license?
Getting a gaming licence can be difficult. The process depends on the country where you are planning to operate your online casino. Here is how it usually goes:
- Incorporate a business. You should register the company by following all the rules in the jurisdiction where you plan to open your online casino and get your license.
- Open a bank account. You have to open a new bank account and merchant account stright forword the rules of jurisdiction.
- Gather the necessary paperwork. Due diligence checks can be very thorough, sometimes including background checks conducted through international law enforcement agencies, and applicants must usually complete a long list of paperwork.
- Submit your application.
- Pay the application fee. The license costs are dependent on the jurisdiction and the types of services you are going to offer. Some regulators issue one license for all forms of gambling, and others for each separately.
In some jurisdictions, multiple steps (such as incorporating a business and submitting an application) can be completed concurrently.
Who issues gambling licenses?
The Curaçao Gaming Control Board is an anti-money laundering and anti-terrorist financing body, while online gambling itself is regulated by the Ministry of Finance and the Financial Intelligence Unit.
The Malta Gaming Authority (MGA) is a governmental organization which is responsible for issuing gambling licenses to online companies that meet its strict standards. It regulates most forms of gambling in its territory, including both land-based (casino, amusement and slot machines, betting offices, fantasy sports, and lotteries) and online gambling services, including B2C and B2B services.
Isle of Man 🇮🇲
The Isle of Man’s gambling regulatory authority is the Gambling Supervision Commission (GSC), an independent regulator of land-based and online casinos. Its purpose is to protect players and support operators.
The Gibraltar Regulatory Authority (GRA) is the government regulator for electronic communications. The supervision and regulation of these sectors is carried out in accordance with the legislation of the European Union, which is included in the national legislation.
The UK Gambling Commission (UKGC) is the country’s official gambling regulator, which controls the compliance of most gambling establishments with the provisions of legislative norms. Monitoring of betting operators is carried out by the Sports Betting Intelligence Unit – a special unit established in 2010 as part of the UKGC.
Kahnawake Gaming Commission (KGC) is the official gambling regulator of the Mohawk territory of Kahnawake, a first nations reserve in Quebec, Canada. Its main activities include licensing of online casino games, poker rooms, betting operators, and control and regulation of the quality of their services.
Сosta Rica 🇨🇷
Costa Rica does not actually regulate online gambling operators or issue licenses. However, there are ways to establish a fully legal online gambling company in this country. The government does not restrict the operation of online gambling businesses based in the country, but transactions should not be processed by local banks and they must not offer games to Costa Rican residents.
How to obtain a gaming license? Requirements for the owners of gaming companies
Gaming license requirements and documents are different from one jurisdiction to another. In any case, the applicant must prove their transparency and reliability. Each jurisdiction determines its own set of requirements applicants must satisfy. Usually, the list of required documents includes (but is not limited to):
- Company registration
- Corporate documents
- Bank account registration
- Documents from all employees, including passport copies and criminal records
- Business plan, financial plan, and marketing plans
- Technical documentation, including software and hardware certifications
Depending on the jurisdiction, the following items may also have to be included:
- Expert letter of recommendation
- Second identification document
- Original letter of recommendation from the bank
- Description of the target market
- Description of the software and a report on technical testing of the systems
- Details of the business plan
It is recommended that those planning to obtain an online gaming 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.
Requirements for the gaming employment data
There are three different gaming employee license types — key gaming employee, gaming employee, and gaming service employee. The very first and minimum requirement for an employee in the gambling industry is age; the employee must be over 18 or 21 years old, depending on the country. Before getting a gaming license you should initially be offered a job in a casino or gambling establishment of another format. Then you’ll have to pass a lot of inspections, such as a criminal background check, as well as completing the licensing requirements, which vary depending on the jurisdiction. Small crimes will naturally be disregarded, but you probably won’t pass a background check if you’ve been convicted of violent crimes or financial crimes such as fraud, tax evasion or money laundering. The gaming authority will also determine your integrity and evaluate your previous experience, especially if you stated that you have worked in a gaming environment. At the last step, they will check your level of education, because some positions require you to have a certain level of education.
Frequently Asked Questions
Are there any requirements for companies’ owners?
Gaming licence requirements for owners exist in some jurisdictions. In Curaçao, business owners must provide these documents to prove their credibility:
– Original Utility Bill (not older than 3 months)
– Copy of passport
– Resume (CV)
– Original certificate of good conduct
– Original bank reference letter
– Professional reference letter
– Second ID
Are there any specific requirements for employees?
As we mentioned above, there are many requirements for employees. Some jurisdictions have more specific requirements. The New South Wales regulator in Australia requires applicants to provide credit history and even tax returns to make sure they are not in a financial predicament that could cause them to commit fraud and embezzle casino funds.
Is it hard to comply with gaming license requirements?
Each jurisdiction determines its own set of requirements for obtaining a casino or lottery license, or any other type of gambling license. Some licenses are comparatively easy to get, while others are harder. We recommend contacting experts to avoid costly slip-ups which navigating complex bureaucracies. As a rule, such support includes a range of services from business consultations to preparation and verification of the full paperwork part of the process.
How to get an online gambling license?
A lot of people are asking questions about licensing. The most popular question is probably “how do i get a gaming license”. That’s quite a simple question, but in this article we tried to cover the topic of obtaining licenses as much as possible. If you still have any questions, you can try to read other materials on our website or reach out to our experts in the contacts page.