Regulation of Online Games
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Online gambling permission is a must-have for working with casinos in target markets. Official game developers and processing service providers will only work with licensed gaming websites.
There are two types of licenses for online gambling: an international license and a domestic or country-specific license. International jurisdictions are suitable for projects aimed at several markets. Internal licenses allow online casinos to operate within one specific country. National regulators often require that the casino has an appropriate internal license, and known software providers.
Malta has a good reputation within the EU market. The declared fee is €2,330 and the license fee for renewing is $8,500 per year. Game taxes are €4,660 per month for the first 6 months and €7,000 per monthly thereafter. Online casino software must be tested against a variety of industry standards by the Malta Gaming Authority.
Isle of Man has a filing fee of £5,000 and a yearly fee up to £35,00. Applicants must have a financial reserve for additional payments, prove their reputation and offer fair principles of the game. The company will be registered on the Isle of man and the servers that will serve the online casino must also be located there.
Antigua and Barbuda is one of the most expensive jurisdictions in the area. The application procedure takes at least 60 days and the operator must have a reserve amount of $100,000 in their account.
Montenegro provides all-in-one services: licensing, merchant accounts and company setup. It costs €25,000 for the first year and €15,00 annually.
Curacao is the most popular jurisdiction for the gambling industry. The process of registering and purchasing licenses takes several weeks and can be performed remotely. Unlike some countries, Curacado does not require casino servers to be stored in its territory.
Each jurisdiction has its own website with rules and responsibilities for quality control of online casinos and games. It will take a lot of time and effort to analyze the conditions, apply for a license and provide all the necessary documentation about the company.
