Obtaining a license is a paramount step to starting a casino or sportsbook. Some operators are intimidated by this difficult process, but, in the long run, they won’t regret spending time and money on it.
Gambling regulations vary from country to country, but in most places a license is required to open an online casino. Some business owners may wish to skip this step, but eventually every operator will need a license.
A license helps to make the business safe for yourself and your players, and to enter agreements with large financial companies and quality game developers. A license is a sign of trustworthiness, and players appreciate that.
In many countries local regulators require operators to obtain licenses. At the same time, some offshore jurisdictions issue gambling licenses that allow online casinos to operate on the international market — as is the case for Malta, Curacao, Gibraltar, the Isle of Man, and Kahnawake.
Why get an online gambling license?
A license helps attract new players and retain old ones. Licensed platforms have the right to advertise according to the regulations of the jurisdiction where they do business. Of course, there are restrictions, but it is better than no advertising at all.
A key restriction for unlicensed operators is the difficulty of working with large banks and financial companies. Almost all of them will be reluctant to partner up with operators without a license. Gambling authorities generally conduct inspections to make sure the applicant has no criminal record, and a license reassures banks that the operator will not use their services to launder money.
It is the same story when it comes to the implementation of payment systems. Without a license it is nearly impossible to implement payment systems on the site. It’s most likely that the payment system providers you’ll have to work with will check that you have a license before working with you.
Rogue operators face serious problems in expanding their business and entering new markets. A license opens up the opportunities necessary for the flourishing of an online casino and, while the initial fees may be high, they will quickly prove invaluable.
Leading gambling licenses
While regulators in many countries require operators to hold a local license, there are a number of jurisdictions around the world that issue licenses which enjoy international recognition. Budding operators often get licensed in one of the following jurisdictions: Curacao, Malta, Kahnawake, Gibraltar, and the Isle of Man.
Gaming license cost
Every licensing body has its own set of fees and taxes. Our managers can provide you with detailed information.
How to get a casino license?
We can provide a bundle of services designed to get your business going on the right foot — from license acquisition to business structure and financial advisory. To learn more, get in touch.
