In 2024, the rapidly growing online gambling industry presents exciting opportunities for entrepreneurs. Our comprehensive guide will help you navigate the complex process of purchasing gambling licenses for online casinos. Obtaining a license is a key step in operating legally and building trust with your players. So, how to get a gambling license? We’ll dive into the details and pitfalls of the licensing procedure and cover popular jurisdictions. In addition, you will know about LicensingAid’s services for operators, such as assistance in obtaining a license, opening a bank account, and registering a trademark.
Whether you’re new to the world of iGaming or an experienced operator, a thorough understanding of the specific licensing terms in each jurisdiction is paramount to the success and reputation of your business.
Understanding online gambling licenses
In the dynamic world of iGaming an online gambling license acts as a golden ticket to this booming industry. In fact, a license is an official permission allowing you to work legally and avoid problems with the law. As the sector continues to experience unprecedented growth, a license serves as your gambling passport and guarantees access to a global audience of eager players.
Beyond facilitating market entry, an online gambling license shows your commitment to legal compliance, honesty, and responsible gaming. It’s the cornerstone of trust, ensuring a safe and secure environment for players while upholding the reputation of the industry.
As for gaming operators, this license is not just a formality but a flag of your dedication to providing a transparent, regulated, and pleasant gaming experience. To sum it up, obtaining a permit is an important step towards a thrilling journey where gambling meets responsibility and players can place their bets on your platform with confidence.
Why is an online gambling license crucial?
The industry of online gaming is a dynamic and ever-evolving landscape that offers both limitless opportunities and complex challenges. For iGaming operators, one of the most complicated tasks is obtaining a license. However, despite the complexity of the process, getting this document is definitely worth it in the long run. So why is a gaming license acquisition so important? Let’s shed light on its main benefits.
Building trust with players
An online gambling license helps companies to look reliable in the eyes of players. It’s the emblem of integrity, assuring your audience that your platform operates fairly and transparently, fostering client confidence and trust.
Access to global markets
With a gaming license in hand, you gain access to global markets. Thus, this document allows the provision of online gambling services in many jurisdictions around the world. The only exceptions are those countries where iGaming is strictly prohibited.
Easier banking and payment transactions
Banks and other financial institutions often require companies to provide a valid gaming license. Without it, it is almost impossible to open a corporate bank or merchant account, and it is also problematic to implement popular payment methods on the website. At the same time, having an account and the ability to accept payments in different ways is one of the key factors for the success of an online gambling platform.
Protecting your business legally
Navigating the complex regulatory environment of the iGaming industry is not an easy task. However, a gambling license serves as your legal compass, protecting your business from costly fines, closures, and other unpleasant legal consequences.
Establishing business legitimacy
An online gambling license ensures the legitimacy of your amusement company. It sets you apart as a serious and trustworthy operator and opens the door to valuable partnerships and collaborations inside the gaming industry.
Realizing economic advantages
In addition to legal legitimacy, a gaming license also offers economic benefits. A license provides access to a thriving and profitable online gambling market with a huge potential audience. Thanks to this, and with proper management, an online casino or sportsbook can bring its owner a huge and constantly growing income.
Enhancing partner relationships and collaboration
A valid gaming license makes it easier to build and develop partnerships within the iGaming industry. Whether it’s a games or software provider, another operator or a stakeholder, holding a license will demonstrate to them your commitment to regulated gambling.
Customer support operations
A gaming license plays a critical role in providing top-notch customer support. Players tend to trust licensed platforms and are willing to interact with them. This makes having a gambling permit necessary for effective communication with online casino visitors and forming a regular customer base.
So, in the competitive world of iGaming, an online gambling license is not just a document; it is your strategic asset, your legal protection, and your path to success. This is a green flag of an honest operator, laying the foundation for the rapid development of a gaming project.
Who requires a gaming license?
There is now no doubt that an iGaming license is an essential document for entrepreneurs. Now let’s talk about who needs to apply for an online gambling license and what general conditions such companies must meet.
Types of businesses and platforms
Gaming licenses are typically required for online casinos, betting and lottery platforms, poker rooms, bingo, and other gaming platforms. In other words, all forms of interactive gambling or betting businesses need a gaming license. This also applies to crypto online casinos, although many believe that it is not necessary to have a license to open one.
Criteria and requirements for a gaming license
The license acquisition procedure is not plain sailing. Each applicant must meet a number of requirements and prove the reliability of his business. It is important to note that the specific conditions for obtaining a gambling license may vary significantly depending on the jurisdiction in which you intend to operate. To make sure you are well-prepared, here are the most common criteria and conditions you will likely encounter:
- Financial stability. Demonstrating financial solvency and the ability to cover potential player winnings and operational expenses.
- Background checks. Ensuring all key persons have never been involved in any criminal activity and are fit to run the online gambling business.
- Player protection. Implementing responsible gaming measures to protect players from harm.
- Security measures. Implementing strong cybersecurity and data protection systems to safeguard player information.
- Fair gaming. Providing transparent, audited, and fair play experiences to clients.
- AML and KYC. Complying with AML (Anti-Money Laundering) and KYC (Know Your Customer) standards.
- Minors protection. Ensuring the prohibition of gambling for minors and potentially vulnerable players. Note that there is a different legitimate gambling age in different jurisdictions.
- Taxes and fees. Meeting tax and fee obligations set by the regulatory authority.
- Compliance with advertising standards. Adhering to rules regarding advertising and marketing.
- Collecting documentation. Providing comprehensive business plans, financial statements, and other mandatory documents.
Thorough research and professional assistance will be your allies in overcoming difficulties and obtaining the desired online gambling license. Contact LicensingAid specialists so that your iGaming project finally gets onto the market and starts making a profit.
Comprehensive breakdown: Types of online gaming licenses
Relying on industry experts’ opinions, LicensingAid offers you a practical guide to the different online gaming licenses available in 2024. In the following sections, we’ll break down each type of license, explaining their unique requirements, advantages, and where they work best in the competitive world of online gaming.
Explore important licenses for various iGaming sectors, from betting to online casinos, and gain insights into various business models. Learn about the benefits and processes associated with key jurisdictions to help your gaming business grow globally.
Casino licenses
Online casino licenses cover a wide range of virtual gambling types, including slots, table games, and other options. This is perhaps the most common type of gaming permit. Such a document is necessary for those who plan to launch an online platform with one or more types of gambling services.
Sportsbook licenses
This type of gambling license is intended for sports betting operators. It is worth noting that in some jurisdictions there is no division into bookmaker and online casino permits, and companies receive an all-in-one license for all types of iGaming. In other cases, a jurisdiction may prohibit all forms of gambling except betting. All this means that an online sportsbook owner should be very careful when choosing a country to legalize his business and during the licensing procedure itself.
eSports and fantasy betting licenses
The dynamic world of esports and fantasy betting has its peculiarities and rules. In some jurisdictions, this gambling sector is regulated separately, which means there are special licenses for such projects. The presence of this document allows operators to legally host live virtual tournaments and fantasy leagues.
Lotto and bingo licenses
These permits govern the operation of virtual bingo and lotto platforms, ensuring transparency and fair draws.
Peer-to-peer gaming licenses
Peer-to-peer gaming licenses allow the incorporation of online platforms where users compete against each other. Whether it’s poker, betting, or skill-based games, these permits ensure the integrity and transparency of players’ interactions.
There are also other types of gambling permits. For example, some jurisdictions offer separate licenses for poker rooms, slot machines, card games, lotteries, or crypto online casinos. Some jurisdictions also issue licenses to gambling employees (such as casino dealers). In order not to get confused in the legal intricacies and to obtain a license that is right for your business, carefully study the gambling legislation of the chosen jurisdiction or seek advice from specialists.
Step-by-step guide: Acquiring an online gambling license
A very popular question among online gambling operators is how to apply for a gaming license. Our team prepared a laconic, but comprehensive 7 steps guide for a license acquisition process. These instructions can facilitate the procedure and save a lot of time for business owners.
Pay attention to the fact that each country sets its own rules, and they can differ a lot. You can contact LicensingAid and get a free consultation on a certain jurisdiction’s legislation.
The first and one of the most crucial steps is choosing a jurisdiction. It’s hard to overestimate how important it is, and we dare say that the success of your business depends, among other things, on this choice. So, how to choose the right location? Let’s figure it out.
Choosing the perfect jurisdiction
There are several major factors to consider when choosing a place to legalize your iGaming project.
- Reputation of the jurisdiction and gambling authority. Some countries issue permits with too soft conditions, which sometimes results in the licensing of unscrupulous operators. Such behavior spoils the reputation of the jurisdiction and undermines the credibility of its gambling licenses in the international arena. On the other hand, the strict requirements of other countries may discourage new operators, but as a result, this is an opportunity to get a first-class license with an unquestionable reputation.
Expert tip: Reputation matters. Opt for jurisdictions with “white” reputation to gain player trust.
- Regulations and loyalty to gambling. Always pay attention to gambling regulations in the jurisdiction. It is essential to choose the country in which iGaming laws will fit your business goals and opportunities. We also recommend choosing gambling-friendly jurisdictions, where you can get support and even some financial benefits from the government. Please note that gambling laws may vary even in different regions of the same country. Thus, in the USA, some states (Nevada) allow and flourish all forms of gambling, while in others all types of games are completely prohibited (Utah).
Expert tip: Match your capabilities with the jurisdiction’s regulations.
- Fees and taxes. One of the most important criteria when choosing a jurisdiction is the cost of legalizing the gaming business there and the financial aspects in general. It is worth paying attention not only to the cost of obtaining a gambling license but also to other mandatory regular payments, as well as taxes and possible tax benefits.
Expert tip: Assess tax rates and their impact on your revenue. Estimate licensing and operational costs for an informed decision.
- Geography coverage. Do not forget that the license of each jurisdiction gives the right to operate in certain territories. Some permits allow you to provide your services in most countries of the world, while others limit the operator geographically much more. It is also worth remembering that many jurisdictions (for example, Spain) allow you to operate on their territory only with a local license. This factor should also be taken into account when choosing a country to legalize a gambling project.
Expert tip: Make sure that the license of the chosen country allows you to provide services in the target markets you need.
- Licensing procedure. Requirements and procedures may vary significantly from jurisdiction to jurisdiction. You need to do research and choose the conditions that best suit you to increase your chances of obtaining a gaming license.
Expert tip: Research, research, research! Investigate the regulatory landscape in potential jurisdictions.
- License validity period. Licenses can be issued for different periods. The longer this period, the more profitable it is for the operator because each license renewal is another expense and a waste of time on bureaucracy.
Expert tip: Involve experts with knowledge of the gambling industry. Professional support will greatly simplify the procedure of obtaining a license.
So, the jurisdiction and operating markets have been chosen, what next? Keep reading to learn about the next steps of the algorithm.
Business registration and structure
Most jurisdictions require the registration of a local entity. Start by choosing the right business structure. You can consider various options (sole proprietorship, partnership, limited liability company LLC, cooperation, cooperative), but remember that these choices affect your future tax liability and management approach. Having decided on the structure, proceed to register the business with the appropriate municipal or state authority. Please note that share capital requirements vary by jurisdiction and may also differ depending on the business structure you choose. By registering your company and meeting all relevant conditions, you pave the way for a smoother licensing process.
Preparing essential information
The gambling regulator wants to know as much as possible about a potential licensee. To anticipate all questions, try to provide as detailed and up-to-date information about the company as possible. In particular, we are talking about the structure of ownership and model of management of the business, the charter of the organization, the identities of key persons, the financial condition and the technical facilities of the legal entity, and so on.
Documentation and compliance requirements
First, you should find out what the specified set of mandatory documents and requirements for operators in your jurisdiction is. Even though conditions vary in all countries, it is possible to highlight those documents and requirements that are common to most jurisdictions. Let’s list them.
Documents you will likely need to provide:
- Business plan
- Entity registration certificate
- Financial statements
- Operational policies
- Technical documentation (RNG certificates, software check results, game description, etc.)
- Proof of funds
- Corporate structure documents
- Key employees’ IDs (other private documents) and certificates of good conduct.
Compliance requirements you and your business will likely have to meet:
- Legal compliance. Strict and total compliance with local gambling laws is a mandatory condition
- Player protection. Implementation of responsible gaming measures and protocols is needed
- Financial stability. Demonstration of the ability to meet all financial obligations, including player payouts
- Security protocols. Robust measures to safeguard player data and ensure secure transactions should be conducted
- Fair gaming assurance. Proof that games are unbiased by providing Random Number Generator certificates
- Anti-money laundering. Establishing procedures to detect and prevent money laundering activities
- Ethical marketing. Commitment to advertising standards that prevent targeting underage players and uphold safe gambling
Implementing anti-money laundering & risk protocols
Compliance with the principles of Anti-Money-Laundering policy and risk management are the mandatory conditions of all gambling regulators. The AML policy is based on the principle of customer verification. Gambling companies are obliged to verify the players, check their financial behavior, identify and report suspicious cases. Continuous auditing of transactions and immediate response in case of any deviation from the norm are also required.
In terms of risk management, operators are advised to conduct regular risk assessments that shed light on the potential vulnerabilities of a gambling project. Regular independent audits are also useful in identifying risks and ensuring the smooth running of the website.
Overall, careful compliance with AML and risk protocols increases the chances of obtaining a license and strengthens the status of the business in the gambling community.
Submitting the application and fees
After preparing the documents and making your business compliant with the standards of the jurisdiction, you need to complete and submit an application for obtaining a gambling license. Mandatory fees must be paid by the time the document is submitted. Remember that expenses associated with a licensing process vary depending on the authority and some permits can be not affordable for the iGaming newcomers.
Officially obtaining the gambling license
Reviewing applications for a gambling license takes some time. Typically, commissions make decisions within a period of several weeks to several months. Then, if your application is approved, you will be issued the long-awaited authorization. It is also possible that before the permit issuance, the regulator will ask you to provide additional information about the business. You can also take a look at possible reasons for refusal to issue a license.
Ongoing compliance and renewal
Some entrepreneurs believe that once you receive a gambling license, you can forget about the rules. However, this is not true. All conditions met to get a license must be followed throughout the validity period of the document. Very often, regulators carry out appropriate inspections and if violations are detected, the license may be revoked.
When it comes to request for renewing a license, it is usually a simple process that requires resubmitting documents and paying a renewal fee.
Most popular licensing jurisdictions for gambling in 2024
Which jurisdictions are currently the most popular for obtaining an online gambling license? Let’s list the offshore (and not only) locations that have the most gambling-friendly legislation, and where dozens of online casinos and sportsbooks are legalized every year.
| Jurisdiction | Consideration time | All-in-one license | Taxes | Application fee | Annual fee | Validity |
| Curacao | about 6 weeks | yes | 0% – VAT, 2% from sales (income) – corporate tax | €4,000 | €12,000 | – |
| Anjouan | about 3 weeks | yes | 0% – gross gaming revenue GGR tax | €1,700 | €13,000 | 1 year |
| Kahnawake | 2-4 months | yes | 0% – corporate tax | $35,000 | $20,000 | 1 year |
| Isle of Man | about 6 months | yes | 0.1%-1.5% of GGY, 0% – capital gains tax | £5,000 | £35,000 | 5 years |
| Malta | about 6 months | no | 5% – corporate tax | €5,000 | €25,000 | 10 years |
| Estonia | about 4 months | no | 5% for online casinos, 18% for lotteries | €47,940 | – | 5 years |
| Panama | about 2 months | yes | 0% if the operator does not accept bets from Panamanians | $40,000 | $20,000 | 7 years |
| South Africa | – | – | 5-10% – value-added tax, 15% – tax on winnings, 29% – corporate tax | €750 | €750 | – |
| Alderney | minimum 4 weeks | no | 0% – income tax | from £17,500 | the amount depends on the income | – |
| Costa Rica | about 3 weeks | yes | 0% | – | – | – |
| Gibraltar | from 2 to 6 months | no | 1% of revenues | £100,000 | – | 5 years |
| Belarus | about 3 months | yes | 4-8% | €9,000 | – | 10 years |
| United Kingdom | 3-6 months | no | 0% tax on winnings from gambling | varies depending on the license type | varies depending on the license type | 5 years |
| Georgia | up to 20 days | yes | depends on the region of issuing a license | depends on the region of issuing a license | depends on the region of issuing a license | depends on the region of issuing a license |
| Romania | about 6 months | no | 21% tax on their GGR, but at least EUR 400,000 per year | €500,000 | – | 10 years |
| Seychelles | about 6 months | no | 0% for gambling business | vary depending on the license type | vary depending on the license type | – |
| Montenegro | about 6 months | no | 15% tax charged on customer winnings | vary depending on the games provided | vary depending on the games provided | 3 years |
Interesting to know:
One of the most popular questions about gaming licensing is what is the cheapest online gambling license. According to our table the most affordable permits are issued in South Africa, Curacao and Anjouan.
Curaçao
For a long time, Curacao has been one of the leading jurisdictions for licensing gaming products. Remote operators chose the island because of its low costs and soft requirements for applicants. (The conditions were quite lenient due to the lack of a licensing authority: the master license holders were responsible for issuing sublicenses.) Moreover, local licenses allowed operation in most of the world’s jurisdictions except the USA, France, Australia, the Netherlands, and Curaçao itself.
However, the year 2023 was a turning point for the Curaçao gambling industry. Now the island is switching to new, tougher gambling legislation, the consequences of the introduction of which are too early to talk about. Nonetheless, despite the current situation, Curaçao is still an option for legalizing online casinos.
Licensing criteria: placing servers and registering a legal entity on the territory of the island, AML and responsible gambling compliance, certified software, other general conditions
Required documents: basic set, including business plan, RNG certificates, and description of provided games
Consideration time: about 6 weeks
All-in-one license: yes
Taxes: 0% – VAT, 2% from sales (income) – corporate tax
Application fee: €4,000 (eur)
Annual fee: €12,000
Anjouan
Anjouan has become the discovery of the year for many gambling operators and especially newcomers. The island authorities regulate the industry and offer permits to iGaming companies on very favorable terms. We are talking about both soft requirements for applicants and the affordable cost of legalizing a business. In addition, Anjouan’s license is universal and allows players to offer all types of virtual gambling.
Licensing criteria: placing servers on the island, following anti-money-laundering and responsible gambling standards, other general conditions
Required documents: RNG certificates, business plan, evidence of no criminal record for all key persons
Consideration time: about 3 weeks
All-in-one license: yes
Taxes: 0% – gross gaming revenue GGR tax
Kahnawake
The Canadian Kahnawake license is highly respectable in the industry. Despite the high requirements of the local licensor, many gambling operators are seeking to legalize their business there. One of the undeniable advantages of the Kahnawake license is the extensive geography of countries where its owners are allowed to operate. Moreover, no minimum registered capital is needed for a local company registration.
Licensing criteria: placing servers on the island, registering a company in the jurisdiction, following AML and responsible gambling standards, other basic conditions
Required documents: RNG certificates, business plan, other general documents
Consideration time: 2-4 months
All-in-one license: yes
Taxes: 0% – corporate tax
Application fee: 35,000 USD (American dollars)
Annual fee: 20,000 USD
Isle of Man
The high status of the Isle of Man license is baked by the authority of Great Britain. This, as well as many years of adherence to strict standards, has provided the document and its holders with an unquestionable reputation in the universe of gambling.
Licensing criteria: registering a company in the jurisdiction, the presence of 2 local directors, opening an account in a local bank, AML, and responsible gambling compliance, other standard requirements
Required documents: RNG certificates, business plan, description of all games provided, other basic documents
Consideration time: about 6 months
Validity: 5 (five) years
All-in-one license: yes
Taxes: 0.1%-1.5% of GGY, 0% – capital gains tax
Application fee: £5,000
Annual payment: £35,000
Malta
Malta was the first European country to legalize and begin licensing online gambling. Today, the licenses of the island nation have a label of a brilliant reputation and are synonymous with quality and prestige. It is also worth mentioning that Malta is home to all sorts of large-scale gambling industry events.
Licensing criteria: system review, AML, and responsible gambling compliance, software testing, other basic requirements
Required documents: business plan, policies, the proof of origin of funds, certificates for all games provided
Consideration time: about 6 months
Validity: 10 years
All-in-one license: no
Taxes: 5% – corporate tax
Application fee: €5,000
Annual payment: €25,000
Estonia
Estonia has become a popular place to apply for a gaming license due to its progressive stance on the regulation of the industry and its relatively simple and quick application procedure. The industry operates according to modern legislative standards while closely supervised by the Tax and Customs Board.
Licensing criteria: registering a company in Estonia or another EU country, AML, and responsible gambling compliance, other general requirements
Required documents: evidence of no criminal record for all key persons, business plan, other basic documents
Consideration time: about 4 months
Validity: 5 years
All-in-one license: no
Taxes: 5% for online casinos, 18% for lotteries
Fee: €47,940
Panama
A loyal tax policy, the absence of currency regulation, and a long license validity period – these and other reasons attract iGaming companies to Panama. This jurisdiction has a rich experience in the gambling industry, and therefore obtaining a local license is a good option even for a newcomer. Another important advantage of legalizing an online gaming company in Panama is the relatively quick time to get a license.
Licensing criteria: registering a company in the jurisdiction, anti-money-laundering and responsible gambling compliance, other standard requirements
Required documents: a letter of recommendation from the bank (where the applicant has an account), a business plan, other basic documents
Consideration time: about 2 months
Validity: 7 years
All-in-one license: yes
Taxes: 0% if the operator does not accept bets from Panamanians
Application fee: $40,000
Annual fee: $20,000
South Africa
South Africa is one of the developing African gambling markets. Unfortunately, today only sports betting and lotteries are allowed in the jurisdiction, while online casinos are prohibited. The South African iBetting license is famous for its low price, which cannot but attract novice operators.
Licensing criteria: AML and responsible gambling compliance, proving financial viability, other basic requirements
Required documents: financial statements, other basic documents
Taxes: 5-10% – value-added tax, 15% – tax on winnings, 29% – corporate tax
Application fee: €750
Annual fee: €750
Alderney
Obtaining an Alderney gaming license provides many benefits to the operator. These include the absence of income tax, comprehensive support for the industry from local authorities, and a stable recognition of the document. The jurisdiction sets quite strict requirements for applicants, which, however, are more than realistic to fulfill.
Licensing criteria: registering a company and opening a physical office in Alderney, AML, and responsible gambling compliance, other basic requirements
Required documents: business plan, RNG certificates, descriptions of all games provided, other basic documents
Consideration time: minimum 4 weeks
All-in-one license: no
Taxes: 0% – income tax
Application fee: from £17,500
Annual fee: the amount depends on the income
Costa Rica
Despite the fact that there are no regular gaming licenses in Costa Rica, it is still possible to legalize an online casino or sportsbook in the jurisdiction. Moreover, the process is quite straightforward: you just need to register a company there and fulfill several mandatory requirements. One of the key benefits of launching a gambling business in Costa Rica is that there are no taxes for operators who do not provide their services to residents.
Licensing criteria: registering a company, AML compliance
Required documents: basic applicants’ documents
Consideration time: about 3 weeks
Taxes: 0%
Gibraltar
Gibraltar is another reputable offshore jurisdiction whose permits are recognized throughout the world. In addition to its brilliant reputation, attractive tax policy, and fixed fees, Gibraltar offers gambling companies comprehensive support in business development. However, local gambling licenses are just for a few and not suitable for newcomers. The jurisdiction’s regulatory body only accepts documents from experienced operators with a valid license from another location.
Licensing criteria: proven experience in gambling, having a bank account in a local bank, a license from another jurisdiction, AML and responsible gambling compliance, other basic requirements
Required documents: proof of financial viability, business plan, identification documents of all key persons, other basic documents
Validity: 5 years
All-in-one license: no
Taxes: 1% of revenues
Fee: £100,000
Belarus
Belarus today is actively developing the gambling industry, attracting more and more new operators to its jurisdiction. To get a license from this Eastern European country, you must register a company and open a physical office there, as well as fulfill a number of standard requirements.
Licensing criteria: registering a company, opening a physical office, and hiring personnel in the jurisdiction, the absence of tax claims and criminal history (for founders, stakeholders, and other key persons), proven experience in the gambling industry (for director)
Required documents: business plan, rental confirmation, identification documents of all key persons, RNG certificates, other basic documents
Consideration time: about 3 months
Validity: 10 years
All-in-one license: yes
Fee: €9,000
United Kingdom
The UK gambling market is the largest in Europe. Currently, one in four British people regularly gambles online. This jurisdiction has long and successfully licensed iGaming projects. Local permits have an excellent reputation, but obtaining them is not easy and quite expensive. The conditions for obtaining and the cost of a UK license depend on the type of document.
Licensing criteria: can vary depending on the license type, but standard AML and responsible gambling standards compliance is needed
Required documents: can vary depending on the license type, but business plan, descriptions of games provided and information about software are a must
Consideration time: 3-6 months
All-in-one license: no
Fee: varies depending on the license type
Greece
In accordance with Greek gambling legislation, the regulation of the activities of gambling organizations in Greece is entrusted to the Hellenic Gaming Commission (HGC). This autonomous regulatory body consists of nine respected members, each appointed by the Ministry of Finance, ensuring that gambling in the country always adheres to the letter of the law.
Georgia
Georgia’s gaming license opens the door to one of the most dynamic markets in Western Asia. The jurisdiction’s licensing process is streamlined, transparent, and business-friendly. Key benefits of local permits include a favorable tax structure, strong player protection, and access to an emerging market with a growing consumer base. Moreover, obtaining a Georgia license is a very fast procedure. To get a document, operators must meet the strict criteria of the gaming regulator and international standards.
Licensing criteria: to launch and license a virtual gaming business you need to open a land-based establishment first, AML compliance
Required documents: business plan, descriptions of games provided, and other basic documents
Consideration time: up to 20 days
All-in-one license: yes
Fee: depends on the region of issuing a license
Romania
Acquiring a Romanian gaming license is a ticket to the thriving EU market. Applicants are checked for financial viability and adherence to legal and ethical gambling standards. Attractive tax conditions, developing gambling legislation, and support of cross-border transactions make licensing in Romania a great option for online gaming operators. However, it is worth noting that obtaining a permit is expensive and not affordable for a small business with a low budget.
Licensing criteria: placing servers in Romania or another EU country, registering a legal entity in the jurisdiction, AML, and responsible gambling compliance
Required documents: business plan, descriptions of games provided, RNG certificates, and other basic documents
Consideration time: about 6 months
Fee: €500,000
Seychelles
Seychelles is known for its business-friendly climate. To launch an online casino in a jurisdiction, it is necessary to get regulatory approval following the existing legal provisions. In 2014, Seychelles ushered in a new era of gambling regulation by passing a comprehensive gaming law. This landmark legislation redefined the categories of available gaming licenses and established a new set of criteria for applicants, ensuring a transparent and clear licensing procedure.
Licensing criteria: game certification, registering a company in a jurisdiction
Required documents: RNG certificates, descriptions of games provided
Consideration time: About 6 months
All-in-one license: no
Taxes: 0% for gambling business
Fee: vary depending on the license type
Montenegro
Montenegro is another promising destination for obtaining a license. An important detail: to launch an online casino or sportsbook in a jurisdiction, you must first open a land-based establishment. Otherwise, the licensing procedure in Montenegro is quite standard, as is the set of required documents.
Licensing criteria: opening an offline casino in a country, paying an authorized capital, AML compliance, other basic requirements
Required documents: RNG certificates, descriptions of games provided, business plan, other basic documents
Consideration time: About 6 months
All-in-one license: no
Taxes and fees: vary depending on the games provided
Top countries with the easiest process for acquiring a gambling license
Which jurisdictions offer attractive conditions, while the licensing procedure there is quite soft and the local government supports the gambling industry? Let’s list the most friendly offshore locations for legalizing an iGaming business. There are Anjouan, Antigua and Barbuda, Costa Rica, Belize, Curaçao, Cyprus, Panama, Philippines, Kahnawake.
Reasons why a gaming license might get revoked or denied?
Compliance with gambling industry regulations is critical for online casino and sportsbook operators. Violating basic rules can cost a business its license. Remember: you may not only be denied when applying for a new license but if violations are detected, your existing license may be suspended or revoked.
If everything is clear about the reasons for refusal to issue a license (non-compliance with the rules of the jurisdiction), then how guilty do you have to be to have your current license revoked? Let’s look at the possible reasons.
A gambling license can be suspended for several reasons. Deficiencies in anti-money laundering measures, failure to adhere to responsible gaming practices or lapses in security protocols may result in the temporary closure of a project. In this case, the operator is given time to recalibrate the website and correct everything wrong.
Revoking a license is a completely different matter. This is an irreversible process that involves a complete stop of the operator’s activities and business shutdown. Such decisions of the gaming regulator are always the result of serious violations, such as repeated non-compliance with regulatory requirements, persistent fraudulent activity, or evidence of criminal influence or behavior on the site. License revocation is a lifelong red flag for current and potential players and a major impediment to any future endeavors in the industry.
Gaming operators should understand: compliance with the rules is not optional. This is the foundation for the integrity and longevity of your business. Always operate within the law, this is the only way to achieve success.
The dark side: risks of operating without a license
Unfortunately, plenty of operators still prefer to work illegally. They believe that by saving on a license they will be able to start making money on the project quickly. However, such a decision is risky and short-sighted. Operating a gaming platform without a license can result in extremely unpleasant legal consequences, loss of business, audience, and so on. In other words, unlicensed websites have no chance in competition with licensed ones. Let’s figure out what the risks of operating an online gaming business without a license are.
Legal implications and penalties
Traveling the world of iGaming without a license is a dangerous adventure which the online casino always loses. Working without a proper permit is not only a risky maneuver, it is clearly illegal. Such a violation can result in serious legal consequences, including huge fines, confiscation of proceeds, and permanent loss of current audience. The authorities are not bluffing when it comes to unlicensed iGaming; penalties may escalate to criminal charges, which could result in operators being jailed (in some jurisdictions). The sanctions that are clear and unyielding are created to curb any temptation to circumvent regulatory requirements. By ignoring licensing, operators not only endanger their enterprise but also undermine the integrity and the trustworthiness of the gaming industry.
Reputational damage
In the iGaming industry, a license is not just a piece of paper, it is a flag of trust. Operating without it is a fast track to reputation destruction. Both players and partners trust legality. Without it, the gambling project will turn into a house of cards waiting to collapse. The stain of illegality on your reputation can turn off potential players, scare off serious investors, and cause a domino effect of mistrust that no amount of PR can fix. It’s also worth remembering that restoring your reputation in the iGaming community is a gamble with astronomical chances of failure. That is why the best solution is to legalize the business and build a brilliant reputation based on operating within the law.
Financial risks and fraud vulnerability
Unlicensed platforms are a magnet for fraudsters and money launderers. This illegal activity not only reduces profits; it could be the death knell for the financial stability of a business. Without regulatory protection, an unlicensed operator is left open and vulnerable to attacks against which licensed competitors are protected. The risks go beyond the loss of income; they also include hefty fines and legal fees that can be assessed if fraudulent activity was conducted on an illegal platform. The bottom line is clear: the price unlicensed operators pay for the consequences of their actions far outweighs the initial investment in obtaining a license.
Exclusion from marketplaces and partnerships
Running a gaming business without a license inevitably leads to leaving the industry’s circle of trust. Unlicensed operators find the doors to vital markets and lucrative partnerships firmly closed. Any payment processor, software provider, affiliate, or other potential partner will likely stay away from an illegitimate gambling platform. The ripple effect is enormous: the loss of critical services, innovative content, and player traffic – all the necessary ingredients for success. To sum up all of the above, skimping on business legitimization is not a good idea for those whose goal is long-term growth and the trust of players and colleagues.
Future of online gaming licenses
The dawn of digital technology cannot but affect the field of online gambling and related licenses. What should we expect in the near future? Gaming enforcement is expected to be strengthened through advanced technology, creating an even more secure and transparent iGaming ecosystem. There may also be a sharp increase in the use of blockchain in the industry, which will provide immutability of records and increased fraud prevention. We must not forget about artificial intelligence, which has the potential to change and simplify the work of gambling regulators by automating the monitoring of operators’ compliance with laws.
Generally, we can say that oversight over compliance with the rules will only become stricter, which means online casino owners should not relax. In this rapidly changing industry, those who prioritize vision and adaptability in their licensing strategy are the ones who will not just survive but thrive.
Impact of cryptocurrencies and blockchain
The blockchain technology is poised to revolutionize the gaming industry and its licensing framework. Its inherent attributes of decentralization, transparency, and immutability may introduce a shift in how gaming permits are issued and regulated. Soon, we can expect this innovative technology to enable a more streamlined licensing process, with smart contracts automating and enforcing regulatory compliance in real-time. The transparency ledger of blockchain could potentially allow for instantaneous verification of an operator’s license status, game fairness, and payout processes.
Cryptocurrencies will further catalyze this transformation by offering anonymity and privacy for players and reducing the complicity of cross-border transactions. The integration of crypto payments could also mitigate traditional financial risks, deterring fraud through secure, traceable transactions that are independent of central banking systems.
However, this will require regulators to adapt and evolve, crafting new frameworks that can accommodate these technologies while maintaining robust AML and responsible gambling standards. In this blockchain-driven future, the licenses that gaming operators hold may well become as dynamic and digital as the platforms they manage.
Regional regulation changes and trends
In the developing world of iGaming, regional regulation is expected to undergo significant changes to adapt to the proliferation of digital technologies in the industry. The trend towards strengthened regulation is gaining momentum around the world, with many jurisdictions tightening their requirements to provide better customer protection and reduce risks such as fraud and the spread of gambling addiction. We are likely to see an increased emphasis on responsible gaming initiatives as regulators require stricter self-exclusion and player restrictions.
Another notable industry trend is the harmonization of online gambling laws across different regions, as well as the simplification of international legal transactions. This shift aims to create a more open and competitive market. In terms of specific regional developments, a wave of new market openings is expected, particularly in North America and parts of Asia, as local lawmakers recognize the economic benefits of regulated online gaming. At the same time, existing iGaming giants such as the UK and Malta can improve their regulatory models to set a global benchmark for best practices in online gaming governance. Essentially, the future of gaming regulation combines liberalization of conducting gaming activities with strong ethical protections.
Innovations in responsible gaming and player protection
Innovations in responsible gaming and player protection are expected to make gambling even safer in the near future. Advanced algorithms and machine learning are poised to take the lead, offering predictive analytics mechanisms that can identify risky behavior patterns and intervene before real problems arise. Biometric verification technologies are also expected to improve player safety by ensuring that access to gaming platforms is limited to minors and potentially vulnerable individuals. The overall trend is clear: technology will serve as a guardian in the iGaming world, creating a safer environment that prioritizes player well-being.
FAQ corner: Everything you wanted to know about gaming license
Check our FAQ Corner, the go-to guide for all your questions about gaming licenses. In this section, we tackle important topics related to the licensing procedure, prominent jurisdictions, and fundamental information for operators.
FAQ corner: Everything you wanted to know about gaming license
Check our FAQ Corner, the go-to guide for all your questions about gaming licenses. In this section, we tackle important topics related to the licensing procedure, prominent jurisdictions, and fundamental information for operators.
How to get an online gambling license?
The exact procedure for obtaining a license varies by jurisdiction. However, in all countries, you will need to register a company, comply with the regulator requirements, ensure the security of player funds and data, and comply with the AML rules. After that, you will need to collect the necessary documents, pay the required fees, and apply for a license.
Is it hard to get a gaming license?
Requirements for operators and the algorithm for obtaining a license differ depending on the jurisdiction. In some locations, the procedure is complex, and only experienced, and large operators can meet the requirements. Other countries are loyal to new iGaming entrepreneurs, and therefore the conditions for obtaining a license there are softer, and the document itself is cheaper. Contact LicensingAid experts to find your perfect offshore jurisdiction, and then quickly and easily apply for a license.
What license do you need for an online casino?
Different jurisdictions have different types of iGaming licenses. While some regulators issue universal permits for all types of gambling activities, others prefer to separate licensing of online casinos and betting. In order to provide players with gambling services such as poker, roulette, slots, bingo, lotteries, etc., you need to have either an all-in-one license or an online casino license.
What is a gaming permit?
A gambling permit (or license) is a document that allows an operator to legally run an online casino or sportsbook. This is a guarantee of the absence of legal problems, as well as the basis of customer trust. To apply for a gaming license, you need to bring your business into compliance with the laws of your chosen jurisdiction.
How do I check my gaming license (example)?
Typically, the status of consideration of an application for a gambling license can be checked on the website of the competent authority. Some licensors, such as the UK Gambling Commission, will notify the operator of an application status update.
Which license is the cheapest one?
For a long time, the answer to this question was undoubtedly Curaçao. Today this jurisdiction is undergoing the transition period of switching to a new gambling legislation with increased costs. Fortunately, it is expected that compared to other countries local permits will remain quite affordable even for new operators. However, there is one more prospective jurisdiction with not expensive gambling licenses on the stage. It is Anjouan. Experts predict that this island has a chance to become the second Curaçao and attract hundreds of gaming projects because of its soft costs and liberal conditions for operators.
Can I operate a gaming business without a license?
It is not a good idea to launch an iGaming business without a license. In addition to possible legal consequences, an illegal operator may face a ban from banks, gambling software developers, partners, and investors. Also, the lack of a license negatively affects the level of trust of the audience, because experienced players are accustomed to checking whether the platform has a license before starting to gamble.
What are the legal consequences of operating without a gaming license?
Launching an online casino or betting platform without a gambling license can lead to the most unpleasant consequences. Most often, illegal operators are punished with fines and blocking of the website. However, in some jurisdictions, running an unlicensed gaming business can result in a prison sentence for its holder. In any case, when choosing between the costs of obtaining a license and the fate of a “black” operator, a far-sighted entrepreneur will always choose the former.
What types of businesses require a gaming license?
A gambling license is required for operating online casinos with all types of games (slots, lotteries, bingo, poker, etc.) and sports betting platforms. In other words, any online gambling activity can only be conducted under the license.
How long does it take to get an online gaming license?
The duration of the processing of an online gambling license application depends on the jurisdiction. In some locations this is several weeks (as in Anjouan), in others, the procedure requires long-term considerations and can last up to 6 months (as in Malta). You can find out the deadlines for reviewing in each country on the website of the local gaming regulator.
What can cause a license to be denied or revoked?
If your business does not meet quality and safety standards and does not comply with the licensing rules of the jurisdiction, your application for a gaming license may be rejected. It is worth remembering that a previously issued license can also be revoked. This usually happens when gross violations of the local laws and responsible gambling rules are detected, or when fraudulent or any other criminal activities are disclosed on the website.
What is a Curaçao Gambling License
Curaçao is a mecca for gambling businesses. Gaming permits there have been issued since 1996. For a long time, the licensing procedure in this jurisdiction was considered one of the simplest, and the price of a local license seemed affordable even to industry newcomers.
Today, Curaçao is on the verge of big changes. New gambling legislation came into force in 2023, and according to it the Curaçao Gaming Control body was established on the island. The reform also implies stricter rules for AML responsible gaming policies and an increase in licensing costs.
Can Curaçao remain number one for online casino and sportsbook operators? Time will tell, but for now let’s take a closer look at what is needed to get a local license and what advantages it provides.
What are the advantages of obtaining a Curaçao Gambling License?
Curaçao is attracting huge interest among operators, and there are a number of reasons for this. Here are the main advantages of owning a local license:
1. The consideration process takes about 1.5 months, which is quite fast
2. There is no need to obtain multiple licenses, the island license is universal and covers all types of games
3. Even with the increased cost, the Curaçao license remains affordable
4. The corporate tax rate on the island is just 2%
5. The Curaçao gambling license allows you to open a crypto online casino
6. The licensing procedure on the island is softer than in many other jurisdictions
What countries can Curaçao gambling license holders conduct transactions with?
The Curaçao license allows you to accept players and process transactions from most countries in the world. The exception is jurisdictions where gambling is completely prohibited, as well as the USA, France, Australia, the Netherlands, and the island itself.
Can a Curaçao Gambling License be obtained remotely?
Yes, it is possible. Moreover, Curaçao does not require servers to be located in the jurisdiction, which is very convenient.
What is the corporate income tax rate for Curaçao gambling licensees?
The corporate tax rate for gambling businesses in Curaçao is 2%.
What are the main requirements for obtaining a Curaçao Gambling Sub-License?
To obtain a gaming license, you must register a business in the jurisdiction, collect the necessary documents about the company and its owner, pay the fee, and submit a completed application for the permit acquisition.
Is a Maltese Gambling License a good option?
Malta is a unique jurisdiction that legalized online gambling back in 2004. Thus, the island state was the first in the EU to recognize and begin to exploit the potential of the iGaming sector.
The gaming regulator of Malta (Malta Gambling Authority) is well-known and respectable internationally. Licenses issued by the MGA are considered first-class ones. The opportunity to get such a prestigious permit and operate in the European market requires a considerable investment of time and effort.
How does holding a Maltese gambling license benefit operators in the EU market?
Since Malta is a member of the EU, the Maltese gambling license is the golden ticket to the thriving European market. The island state’s gaming permit has an unquestionable reputation, and local supporting authorities strive to do everything to create comfortable conditions for the development of the gaming business. In addition, a Malta license is a kind of pass to the world of the international gambling community. The country annually hosts the largest industry events, where you can not only gain experience but also meet like-minded people.
What are the taxation rates for Maltese gambling licensees?
The corporate tax rate in Malta is 35%, but companies are allowed to claim back most of this as a rebate, meaning they effectively only pay 5% tax.
Is there a limit on the number of domains operators can obtain in Malta?
In Malta, there is no limit to the number of domains that operators can acquire, and there are no additional fees for this.
Is a Kahnawake Gambling License a good option?
Canadian Kahnawake is another popular place to acquire a gambling license. Local gaming permits attract operators due to the absence of taxes, relatively low fees, clear requirements, and versatility. With a Kahnawake license, the operator can operate in all markets except the United States.
What types of licenses are available in Kahnawake?
Kahnawake offers several types of permits for organizing iGaming activities. Classic online casino or sportsbook operators only need to get two of them: Client Provider Authorizations (CPA) and Key Person Permit. In essence, the first is a permit to provide gambling services, and the second gives the right to manage a gambling company.
What is the tax structure for gambling license holders in Kahnawake?
Kahnawake licensees are lucky entrepreneurs who pay no taxes. Both corporate and gaming taxes are not levied in the jurisdiction.
What are the benefits of an Isle of Man Gambling License?
The Isle of Man license is one of the most attractive for online gambling operators. In addition to a brilliant reputation, the permit enables you to work in most countries of the world and accept any currency for payment. Moreover, the jurisdiction’s license is universal and suitable for any type of gambling. Last but not least, the Isle of Man authorities provide full support to license holders, including in financial matters.
How does the Isle of Man’s infrastructure support gambling businesses?
The Isle of Man offers a strong infrastructure that is highly supportive of gambling companies, particularly in the iGaming sector. The local government has established a favorable tax regime that includes low gaming duty rates, which significantly reduces operational costs for iGaming companies. Additionally, the island provides a supportive legislative framework that encourages growth and innovation in the gambling industry. The government is also financing the top-tier telecommunications infrastructure, ensuring that iGaming operators have access to reliable and high-speed internet, which is essential for operations. The combination of financial incentives, progressive legislation, and strong technological infrastructure makes the Isle of Man an attractive hub for iGaming operators looking for a base to thrive.
What are the taxation advantages of obtaining an Isle of Man gambling license?
Getting a gambling license on the Isle of Man has significant taxation advantages. Operators benefit from a competitive tax cap for iGaming companies, which can potentially minimize the tax burden. There is a sliding scale of gaming duty that ranges from 0.1% to 1.5% of the gross gaming yield GGY, depending on the type of gaming and the revenue generated. Furthermore, there is no capital gains tax and no corporate income tax on profits derived from gambling.
What are the main requirements for applying for an Isle of Man gambling license?
The requirements for potential Isle of Man licensees are quite stringent. Among the main conditions for issuing a document are the registration of a company and the location of servers in the jurisdiction, the presence of two resident directors, proof of the security of player deposits, presentation of RNG certificates, as well as the provision of a comprehensive package of documents about the company and its key persons. Directors, shareholders, and each key employee are required to undergo due diligence checks.
Service Providers & Assistance
Finally, let’s talk about professional assistance in obtaining a license, which is necessary for newcomers to the industry.
What services does LicensingAid provide regarding gambling licenses?
LicensingAId can become your beacon in the world of online gambling licenses. Our team has many years of experience assisting in the legalization of online casinos and online betting platforms. We can guide you throughout the entire licensing process and help you reach your goals. Our offered services include:
- Bank accounts opening service;
- Merchant accounts opening service;
- AML compliance service;
- Design and trademark (brand) consultancy;
- Legal advice on any issues that arise.
Feel free to contact us and get answers to all your questions or comprehensive support with a license acquisition procedure.
How to quickly obtain a license for a casino and sports betting?
The gambling licensing process can be long and complicated. To make it easier to apply without any issues and increase the chances of success, contact specialists. With the support of industry experts, you can choose the applicable jurisdiction, prepare the required documents, and get a license for an online casino or sportsbook in a reasonable term.
How can I get assistance with my online gambling license application?
LicensingAid can provide you with professional advice and prepare your individual step-by-step plan for obtaining a license in one of the jurisdictions. During communication with our specialists, you will gather all mandatory information and useful tips for your business. We help with paperwork and applying, and, if necessary, we can communicate with the gaming regulator on your behalf. Entrust the legalization of your iGaming project to professionals and set a course for entering the world of gambling.
