Licensing in the iGaming Industry
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An online gaming licence is essential when setting up an online gambling business. It regulates the online casino gaming world and protects both the customers and operators from any fraudulent activities.
Online casino gaming industry is going through the incorporation of creative and dynamic technologies. Online gaming is popular with all demographics and profitable business model. An online gaming licence is essential when setting up an online gambling business.
Malta has been issuing licences and regulating gaming since 2000. The significant benefits of acquiring a Malta licence are operating in EU jurisdiction and tax benefits.
Licensing in the iGaming industry offers tax benefits as low as 5%.
Malta provides two types of licences: a B2B licence for gaming operators and a C2C licence.
A B2C licence allows gaming operators to operate an online gaming platform with a wide range of luck-based and skill games.
Curacao eGaming provides the most cost-effective, quickest, and hassle-free licensing process. The Curacado license has a good reputation for being trustworthy and responsible. Operators are not liable for tax on their revenue.
Kahnawake has been considered one of the most highly respected jurisdictions providing high standards of ethical gambling since 1999. It monitors and supervises its licensees and provides a high level of protection to the players. The administration of Kahnawakes increases confidence in business partners and allows a broader range of payment methods.
Isle of Man is the first jurisdiction to provide an online casino gaming license in Europe in the year 2001. The jurisdiction is well-respected, strict and reactive. It allows the licensees to enjoy a low gaming tax from 1.5% to 0.1% yield and 0% corporate tax on gaming.
There are a few steps to acquiring a license from the Gambling Commission. The application form includes personal details, proof of business plan, capital, details of the bank account, policies and procedures, terms and conditions, etc.
Pay the application fee and wait for the processing. Then receive the licence and start your online casino gaming platform.
There are some reliable licensing authorities like the UK Gambling Commission, Costa Rica Gaming License, Alderney G gambling Control Commission.
