Gambling licensing is the first step for starting an online poker or casino business. You need it to conduct legal casino/poker business operations and to open a merchant account to make payment actions. Another facet of gambling licensing is user and stakeholder trust. User trust is paramount for any online business, more so in the online gaming business. Getting your online gaming operation certified by an online gaming licensing authority ensures that player trust is maintained and upheld at all times.
Proper Gambling Licensing via an online gaming license ensures the legitimacy of your online gaming business as the license involves regular audits of your company’s conduct, technical compliance audits as well as other due diligence requirements for directors and shareholders. Most banks require a gambling license when you setup a business account with them. Thus a gambling license removes any legal, trust or bureaucratic barriers that might get in the way of you starting a successful online gaming business.
Complete Support for Gambling licensing
Obtaining an online gaming license is a complex process involving research, documentation and certification. A process which may take weeks and sometimes months to complete depending upon the gaming jurisdiction you choose. Our experienced staff will guide you in all aspects of getting the online gaming license including
- Compliance with due diligence as required by the online gaming jurisdiction
- Fulfillment of all KYC policies as laid down by the online gaming jurisdiction
- Full identification of Ultimate Beneficial Owners (UBOs)
- Detailed and transparent description of the games to be offered.
- Help in formation of a local legal entity, either onshore or offshore
- Support to manage any legal issues pertaining to the license
- All documentation required to be fulfilled with respect to the online gaming jurisdiction
- Egaming tax consultancy
- Hardware and software support to get the gaming setup up and running online and fulfillment of all statutory and operational requirements.
Favored Online Gaming Jurisdiction
Cybergaming has expert consultants who will get your online gaming site certified in some of the world’s most popular gaming jurisdictions including:
Antigua and Barbuda Gaming Jurisdiction
The licensing of online gambling services in Antigua and Barbuda is handled by the Financial Services Regulatory Commission’s Division of Gaming (FSRC). Antigua and Barbuda was one of the first jurisdictions to provide licenses for interactive gaming and wagering companies in the year 1994. Interactive gaming licenses are provided for casino-style gambling whereas interactive wagering licenses are for sports betting. READ MORE on Antigua and Barbuda Gaming Jurisdiction.
Curacao Gaming Commission
Curaçao, is one of the most politically stable providers of regulated eGaming and gambling licensing services. Active since 1996 it is one of the oldest online gaming commissions in the world and the most reputed in the world of online gaming. Curaçao offers only one License type which covers operators of products or software providers and the license covers games of skill, chance and sports betting. READ MORE on Curacao Gaming Commission .
Malta Gaming Commission
Malta began to provide e-gambling licenses to online gambling sites in 2000 under the Public Lotto Ordinance. Since then, the Lotteries and Gaming Authority (LGA) has developed its policies and procedures of remote gambling operations. Malta offers e-gaming / e-gambling licenses for casino-type games, online casinos, betting, betting exchanges, lotteries, gaming platforms and casino-style games. Under Malta’s regulations the maximum gaming tax payable in one year is € 466,000.The application fee for a new remote gaming license of any type is € 2,330. The license renewal fee is € 1,165 (for subsequent five-year periods). READ MORE on Malta Gaming Commision.
Alderney Gaming Control Commission
The Alderney Gambling Commission (AGC) was setup in 2005 and provides a free market approach towards e-gambling. AGC licensees are allowed to accept bets from players in all other countries, including the United States as part of the AGC online gaming and gambling licensing. READ MORE on Alderney Gambling Commission.
Kahnawake Gaming Commission
Kahnawake was one of the first jurisdictions in the world to recognize the opportunities afforded by the interactive gaming industry and for over 11 years the Commission has been continuously licensing and regulating a wide range of interactive gaming sites via the Kahnawake gambling licensing authority. READ MORE on Kahnawake Gaming Commission.
The Gibraltar Licensing Authority
Gibraltar has been in the business of online gambling licensing since 1998. Its jurisdiction extends to online casinos, online betting exchanges and online bookmakers. For an online gambling license The Gibraltar Licensing Authority charges no start-up licensing fees, but there is an annual fee of £ 2,000. Initially the tax rate for online gaming operations was 1% of turnover, with the gaming tax capped at €500,000 per year but from 2011 the tax rate was raised to 10%. READ MORE on The Gibraltar Licensing Authority.
UK Gaming Commission
UK Gambling Commission under the Gambling Act of 2005 is the regulatory body with the authority of licensing online gambling. Online gambling licenses are provides for multiple games of casino, bingo, sports betting, pool betting and online lotteries. You can also apply for one common online gambling license for all types of gaming. To apply for a license, applicants need to pay a fee along with their application with an annual fee which is based on the type of license and are on a sliding scale based on gross gambling yield. Online gaming is U.K is taxed at a rate of 15% of the operator’s gross profit. READ MORE on UK Gaming Commission.
Costa Rica Gambling Law
Costa Rica government provides an online gambling license only to off-shore gaming companies which are known as a data processing license. These companies are free from any betting of gaming taxes.
Obtaining an online gambling license under the Costa Rica jurisdiction costs $15,000 and then a further $1,500 every three months in order to keep it active. READ MORE on Costa Rica Gambling Law.
Isle of Man Gambling Jurisdiction
The Isle of Man Gambling Jurisdiction is a one of its kind gambling jurisdiction which not only licenses online companies but offline organizations as well. Electronic Transactions Act, 2000 and the On-Line Gambling Regulation Act, 2001 made the legalization of online gambling possible. It offers two types of licenses; a full license and a sub license. Under a full license there is no limit to the number of games and forms of gambling you want to provide. READ MORE on Isle of Man Gambling Jurisdiction.
Our Online Gambling licensing Jurisdiction
Cybergaming is licensed in the Curacao, one of the most reputable online gambling licensing jurisdictions. It is also currently in the process of obtaining gaming license from Isle of Man and Alderney. We also offer you a change to be our sub licensee by paying a minimal cost.
All our gaming sites are compliant to responsible gaming norms and practices as mandated by almost all the online gambling licensing requirements. This would include having systems in place within the online gaming software and Backoffice enabling an online player to ask to be self excluded from gambling.
Online Gambling licensing FAQs
Is Gambling license a must?
The actual license to operate an online poker/casino is issued by many governments worldwide, the first coming from the Caribbean and Pacific Island Governments such as Antigua and Barbuda, the Isle of Man, Malta, Netherlands Antilles, United Kingdom, Gibraltar, Curacao a number of others. You can also operate under Cybergaming’s gaming license as an online gaming operator.
If I want my own license from which online gambling jurisdiction should I take the license?
All online gambling jurisdictions have both their own advantages and ranging from bad regulation versus good pricing policy as in Costa Rica to the best infrastructure versus tough gambling licensing conditions. Isle of Man or Curacao is the best option to get a license. These jurisdiction boasts the best reputation and world recognition among other jurisdictions.