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The first step in opening an online casino is obtaining the appropriate gaming licence. The permission issued by the special gambling committee is valid proof that the ongoing business is legitimate and the winnings payouts are guaranteed. The gambling licence is required for any gambling activity, including games with bets or luck: slots, poker, roulette, lottery and sports betting.
In order to keep the gambling industry transparent, each jurisdiction has a set of rules and regulations that are codified by law. In order to obtain a gambling licence, the operator should be compliant both with the law and the licence conditions. E.g. for Curacao it’s National Ordinance Offshore Games of Hazard.
The number of rules and restrictions an operator needs to follow may also differ depending on the jurisdiction. For Curacao it includes:
Any kind of enforcement activities is usually taken to protect the gamblers and keep the high standards of quality and transparency in the e-gambling industry. It may include formal enforcement, financial penalties, licence suspension, and criminal enforcement.
Non-compliant Curacao gambling licence holders usually experience administrative fines. However, various sanctions (including imprisonment) may be applied.
Each jurisdiction has a regulatory body, which regulates the gambling industry in each particular country and grants/denies licences. The legal names may be different (e.g. gambling commission, gaming association, gambling board etc.) depending on the country but the umbrella term is Gaming control board.
For example, UK Gambling Commission and Curacao e-Gaming Licencing Authority are both gaming control boards.
The Curacao e-Gaming Licencing Authority has received a responsibility to regulate an online gambling industry from Curacao Ministry of Justice in 2002. Before that, it was controlled by the Curacao Gaming control board.
Curacao’s eGaming is the country’s main regulator that issues a one-for-one type of licence, which allows the licencee to operate online casinos, sportsbooks, bingo, or any other kind of sanctioned gambling business. It oversees the gaming software of these casinos to ensure their safety and randomness while also checking their legal and financial documentation.
The Alderney Gambling Control Commission was established in 2000. It regulates eGambling on behalf of the State of Alderney. The commission is mandated to construct the licencing procedure, focus on player protection and game fairness, etc.
The Gambling Supervision Commission is an independent statutory board established in 1962 in the Isle of Man with the purpose of licencing and regulating land-based and online gambling operations. Not only does the commission licence the operators, but it also ensures that the gambling industry is crime-free, that minors are protected, and that licence holders pay the winnings.
The UK Gambling Commission is one of the biggest iGaming regulators in the business, tasked with overlooking all forms of gambling offered to British citizens. By the powers vested to it by the Gambling Act of 2005, the UKGC controls gambling in the country, issues licences, works to protect minors, combats money laundering, and ensures all gambling activities are fair and safe. It has strict rules and standards for licencing, which gives its licencees extra credit in the iGaming world.
The Malta Gaming Authority, or the MGA, was established in 2001 to oversee and control all gambling activities in Malta, including remote-operated casinos, sportsbooks, lotteries, and more. The MGA issues four licences that differ based on the type of gambling vertical you wish to operate in. The regulator is also in charge of controlling the fairness of games in gambling venues and ensuring the players’ safety at all times.
Under the Gambling Act of 2005, the Gibraltar Regulatory Authority has been charged with issuing remote gambling licences, making sure licencees pay out the winnings, checking whether they adhere to customer and data protection rules, and ensuring that the gaming licenced under its jurisdiction is fair.
The Kahnawake Gaming Commission is a gambling regulator that issues licences to those operators who wish to operate a gambling business from the Mohawk territory of Kahnawake. As a result, they have access to the vast Canadian market. The Kahnawake Gaming Commission has been around since 1996 and issues four types of licences.
Getting a licence is a crucial step. Gambling business is a specific niche area that is not favoured in all countries, to say the least. Therefore, in order not to violate the local law and be able to conduct a legal business, it is vital to have a licence that grants permission from a relevant jurisdiction, a jurisdiction that is more loyal to online casinos. Each country has its own requirements, as well as the cost of the licence. One of the most profitable and reliable options available today is in Curacao, where you can get a gaming licence for an online casino remotely.
The Curacao licence registration procedure is performed if all the necessary requirements are initially met, including the opening of a local company within the territory of the relevant jurisdiction.
In some other cases, the paperwork for a gambling licence can take up to a year. GamingLicencing offers expert help of professionals, who are already familiar with all the nuances of licence registration process in most reliable and stable jurisdictions.
GamingLicencing is your right-hand man in the process of establishing a licenced online casino operation with stable foundations and promising future. The cost of starting such an operation is represented in the table below:
GamingLicencing also formed several essential partnerships that are important for the company’s daily operations. Our partners make it possible for us to offer top-notch services to our clients.
Let’s take a look at them:
One of the main advantages of Curacao Licenсe is an effective application process — it is simple, quick and cost-efficient comparing to other licencing options.
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