Types of online casino licences
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All the best casino sites have an online gambling license. The gaming commission license confirms online casinos’ legality and assures transparent and honest financial affairs.
Special gaming commissions control the activity of an online casino. They put forward the same requirements as for gaming portals and companies doing banking.
The applicants must have the experience of the entertainment establishment’s owner and staff in the financial sector, as well as the reputation of applicants.
Montenegro offers a license for all types of games within 6 weeks. Malta offers two types: B2B and B-2C. Antigua and Barbuda issues licenses within 2 months. The license costs €15,000. Alderney issues a licence within six months from the date of application. Isle of Man issues the license within the first 6 months and costs £35,00. The minimum casino payout is £85, 000 per year.
Montenegro offers a license for a package of services worth €25,000. Malta offers two types of gambling licenses: B2B for game platform developers and B 2C for gambling operators. The license costs €30000 depending on the type of establishment and the validity period lasts for 5 years. Alderney issues licenses within 6 months from the date of application. Island state issues licences within 2 months even to non-residents.
