How long does it take to get a gaming license? It’s a critical question in the planning stages of an online casino operation, but unfortunately, there’s no single answer. Each jurisdiction sets its own licensing process, which is often complex and bureaucratic. Here we’ll look at a few options.
Application process
Depending on the jurisdiction in which you are applying for a license, there will be different deadlines for preparing and filing an application. All documents should be prepared before the licensing application process begins to ensure that there aren’t any hiccups in the process — and for continuity in the future. For example, in Belize, all gaming licenses must be renewed annually on March 31. Therefore, to cut costs, it is wise to apply as close as possible to this date.
Time reviewing the application
The review period depends on the rules and regulations of the jurisdiction. The stricter the regulator, the longer it will take to review the application.
In Curaçao, the decision on the application comes within approximately 6 weeks. Those who are interested in obtaining a gaming license must register a local company, prepare the necessary documentation, confirm their application, and pay the application fee.
In the Isle of Man, it can take 10-12 weeks from the time the application is received. The process may take longer if the application is not properly completed.
In Malta, the average consideration period is approximately 6 weeks. After that, the operator receives a temporary gaming license for six months. Then, the organization will undergo a thorough inspection, and if all goes well, the organization will receive a permit license, which is issued for 10 years.
In Gibraltar, the procedure for obtaining a gaming license takes from 14 to 90 days. It all depends on the type of license chosen by the operator. Each applicant for a Gibraltar gambling license has to go through a long and complicated procedure, which will include items such as: company registration, inspection of gambling equipment, collecting and submitting all necessary documents, etc.
The process of obtaining a gaming license in Alderney is very complicated and time-consuming. The commission’s review of the documents takes approximately 4-6 months, before taking into account the procedure of gathering the necessary package of documents. If the information provided is unsatisfactory or the operator does not provide a full package of documents, the AGCC will return the package and request any missing information.
Suitability for the license
Each region has an organization that reviews the license application. For example, Belize has the Gambling Control Commission, and the UK has the United Kingdom Gambling Commission.
Initially, they check to see if you have submitted a complete package of documents and if everything is filled out correctly. Due diligence is next. This is an evaluation of your business and personal history. The licensing authority carefully verifies the data that’s been supplied and your suitability for the gambling business. The review may be delayed if you have made mistakes in completing the paperwork. Even worse, you may be denied a license altogether if you or your business does not meet the jurisdiction’s requirements.
Usually the list of requirements includes:
- Background check
- Business plan
- Proof of financial condition (bank account check)
- Software verification
- Compliance verification
- Registration in the licensor’s jurisdiction
- Server location (most often it must be in the regulator’s jurisdiction)
Software Check
Often licensing authorities have certain requirements for platform software standards, so working with a licensed software vendor can increase your chances of getting a license. All regulated jurisdictions have unique requirements for gambling platforms and back office systems, administrative procedures and marketing. This process can take you up to two months, depending on the jurisdiction, the size of your business, and many other factors. However, you can take this step at the same time as others.
There are several organizations involved in certifying iGaming content. Testing agencies and laboratories such as eCOGRA, BMM Testlabs, GLI, iTechLabs, TriSigma, SIQ and QUINEL conduct independent inspections to confirm that the games on the platform are fair and transparent. With one of these certificates you will be able to confirm that your software works correctly, paving the way to getting a license.
Time to go live
After obtaining a license, the operator must purchase the software. We advise buying only high-quality software to avoid problems in the future. Quality, licensed software will help your platform to work smoothly and avoid losing your license.
In addition, do not forget about the integration of high-quality game content and payment systems. Pay attention to the fact that players need a wide choice of payment methods — it is worth adding cryptocurrencies, e-wallets, etc — but remember not to break the rules of your jurisdiction.
Pay careful attention to the frontend design of your website. The appearance of the casino is the first thing users see. Think carefully about the color scheme, the size and location of the buttons, the dominant palette, etc.
In addition to this, you will spend some time on the recruitment and organization of support services for the players. The final stage of casino development will be the development of a marketing campaign to raise your profile with your target audience.
The timeframe for setting up your business will be up to you. However, if we look at the example of Malta, the regulatory authority gives you 90 days, after which they perform a compliance check. In addition, in any other jurisdiction, the regulatory authority can demand an inspection at any time, and you can expect a heavy fine, business liquidation, or even criminal prosecution for violating the requirements.
Getting a License
We hope we’ve answered the question “how long does it take to get a gambling license?” and covered some of the unexpected problems you may have. Holding a license not only lets casino brands operate legitimately and cooperate with leading game development studios, but it also enhances their reputation in players’ eyes; players are far more likely to play on licensed platforms, where they feel sure they won’t be cheated. A license opens up necesary opportunities for an online casino. The license fee can be high, but a properly organized gambling business can well afford it — and the license is well worth the cost.
