Obtain a Casino License. If you choose to go with a B2B supplier, you probably will be offered a sub-license that will allow you to freely operate legally without the need to obtain one yourself. This would save you a lot of time and funds on your initial investment, but eventually, it is better to get your own license when your casino will start gene. The Jersey Gaming Commission was founded in 2010 to offer licenses to online casinos, sportsbooks, poker sites, software providers, and third-party testing labs. Because it was late to the party, the JGC has yet to license many operators.
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Online Casino Licenses are a way to ensure the casino is licensed to have players from certain countries. As the use of internet services grow and slowly take over the most land-based business, so does the need to safeguard online interactions. Unfortunately, due to the lack of physical presence that one would benefit from land-based businesses, online casinos or as a matter of fact any other business based online have to rely on other measures to ensure its legitimacy.
We take for granted the value of being able to see and touch what is physically in front of our faces. Online casinos can also sometimes feel like blind faith. This is because one doesn’t really have something solid and tangible to hold on too.
As you can imagine, it is within reason that online players can feel guarded and uneasy trusting online services. And even more so, when the situation requires money transactions. In addition, internet fraud is very real and serious. Fake online scams and businesses grow, as criminals find new ways of taking advantage of the unassuming online goer and sometimes even the most cautious of internet users fall victim to clever cybercrimes.
For those important reasons, Casino Licenses Across Europe are also used to ensure that they are legitimate. You can think of online licenses as watchdogs or even police inspecting closely that the online casinos fulfil their duties to their clients and, meet specific guidelines and policies to authenticate casinos for the purpose of protecting the player.
Various Casino Licenses According to Country
Licenses prevent fraud. It is a legal requirement for a casino to provide their services to customers to have a relevant license. Therefore, when looking for an online casino to invest your time and money, look for at least one of the following licensing corporations:
Malta Gaming Authority
Malta Gaming Authority – this corporation has been awarding licenses to only the finest online casinos since the Lotteries and Other Games Act 2001. Currently, there are more than 117 casinos with a Maltese license.
UK Gambling Commission
UK Gambling Commission – this corporation was created to offer their services in Great Britain, using the Gambling Act 2005. There are currently more than 96 casinos with a UK license.
Curacao eGaming
Curacao eGaming – established in 1996, this online gaming license provides the necessary cover only great online casinos deserve. It belongs to the Netherlands Antilles and currently has more than 78 casinos with the license.
Alderney Gambling Control Commission
The Alderney Gambling Control Commission controls online casino licensing in the State of Alderney. There are currently more than 5 casinos with this license.
Gibraltar Member (GBGA)
The Gibraltar Regulatory Authority formed in 2000 and implemented by the Gibraltar Regulatory act. Find more than 19 casinos registered with a Gibraltar Regulatory Authority.
Antigua and Barbuda
Antigua and Barbuda director of offshore gaming conduct a no-nonsense policy in order to create a transparent jurisdiction for any internet casino in that region. Find more than 2 casinos with this license.
Kansspel Commissie
Kansspel Commissie – a Belgian license regulating gambling in Belgium, also known as the Belgian Gaming Commission. Find more than 3 casinos with the Belgium license.
Italy – AAMS
With 9 casinos on their list, AAMS ensures all casinos that want to operate in Italy get licensed by them. This includes lotteries, bingo, lotto, card games, poker, and casino games.
The Danish Gaming Authority
The Danish Gaming Authority is responsible for regulating the Danish gaming market in cooperation with the Danish Consumer Ombudsman and the Danish Ministry of Taxation.
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Casino License Cost
However, obtaining a license does not mean that any country will now welcome a new operator because the legal systems of some countries (almost all of the US states, Poland, France and others) forbid online casino games, in whole or in part. Moreover, local legal regulations may be inconsistent, and a country which had no issues with online casinos before may enact a law that blocks the activity of gambling sites on its soil. For example, until February 2017, Australia was being a favored place for online casinos of all stripes since the Australians were considered to gamble the most, spending about $8 billion a year according to a research made by Australasian Gaming Expo in 2018. This huge amount of money was going to foreign casinos bypassing the local budget. The new legal system, in particular Interactive Gambling Amendment Act 2017, prohibited the work of foreign casinos without a special Australian license, resulting in lots of gambling businesses leaving the country.
A gambling license enhances players’ trust and address concerns about slots “rigged” RTP (Return To Player) percent and non-payment of big winnings. The reason is that a licensed casino regularly has its random numbers generator audited, and a compliance certificate is given based on the results of the examination. Generally, gambling websites have licensing info in a footer, and experienced players at their first visit always scroll down to see the jurisdiction where the site was licensed.
Online casino owners face a difficult choice of a reliable jurisdiction, which provides licenses that are valid in many countries. As of today, the choice is not rich, and gambling business owners undergo licensing in one of the following countries and territories:
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Curacao
The advantages of this small Caribbean island are zero percent tax on casino profits, fast licensing process (usually about 1.5-2 months) and low ongoing expenses. A casino owner has to place computing power (servers) in the Curacao territory. Online gambling industry forms a great part of the island’s budget, which is why Curacao has such an appealing tax system.
Kahnawake
Canada is famous for its very tolerant attitude towards gambling in terms of legislation. In 1996, Kahnawake Gaming Commission was created, which, among other things, provides licenses for online casinos. The first annual license fee is $40,000, software inspection costs $15,000 and annual license renewal fee is $10,000. https://ninshirt.netlify.app/tabasco-slot-machine-free.html.
Malta
Malta Gaming Authority provides two types of licenses (B2B and B2C) for a period of five years. Those operators who obtained a prestigious Maltese license are on the UK Gambling Commission’s ‘white list’, which allows them to offer their services to British players. The operators have to adhere to a number of requirements, such as filing financial statements, ensuring players’ personal data safety and creating a Responsible Gaming Policy.
The licensing procedure is conducted in several stages: the Authority considers an application—this takes 3-4 weeks—and then the casino obtains a temporary license for a period of six months. After that, based on the results of a thorough analysis, a five-year gambling license is given. In accordance with the new taxation rules, which came into effect on January 1, 2018, online casinos with “B2C – Type 1 Gaming Services” license (slots, board games, live games) pay annual taxes of 1.25% if their profit does not exceed €3.000.000, 1% for a profit of up to €4.500.000, 0.85% for a profit of up to €5.000.000, 0.70% for a profit of up to €7.500.000 and 0.55% for a profit of up to €10.000.000.
Gibraltar
In order to get a Gibraltar license, online casino owners have to prove their financial solvency, provide a business plan and be ready to perform transactions (winnings payouts, players’ credit card data processing) exclusively through Gibraltar’s banks. License holders pay 1% of their annual profit, but no less than £85.000.
Nj Casino Employee Registration License
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Apart from the jurisdictions above, online casino owners can also obtain a license from the UK, Alderney, Macao, Belgium, Denmark, Isle of Man and some other countries. Getting a license will help a gambling operator to work in compliance with laws and regulations, attracting players by complete transparency, financial transactions safety and fairness of the gambling process. Licensing leads to players’ loyalty. A client of a licensed casino is always sure that every reels’ spin, every blackjack deal is always determined by random number generator system where there is no space for any fraud and software manipulation.