Online Gambling Licences

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Gambling License Authorities

There are different types of gambling licenses available. And each of them has their own set of factors like the classification of the gaming and raising like slots, online poker, sportsbook and so on, the jurisdiction that you and your teammates are from, required currencies and many more. Without any further ado, let us gain a deeper knowledge about the most famous gambling licenses.

In many places, gambling can be considered unfair. So to get a gambling business legally approved and prove its honesty, authenticity, transparency and decency to its customers, obtaining an appropriate gambling license is very necessary to offer a safe online casino experience.

Licensing of RNG Games

Games with random number generators or rooms of slot machines or real money casinos and other websites that offer lotteries, games of chance, skill-based gambling games, or even bingo have to showcase their authenticity with their gambling license. And the businesses must have all the related documentation and their copies to be presented to the partners and counterparts to increase reliability and also to tax the authorities. Here are some of the famed gambling licenses that most gambling businesses want:

Curaçao e-Gaming Licensing Authority

Curaçao eGaming or Netherlands Antilles is another licensing authority that is considered to be an approachable solution for initiating an online gambling and gaming business for its fair mix of time and cost. The legal bodies of Curaçao offer two types of licenses. They are:

• The Master License called Curacao basic license (White Label), and
• The sub-license grants the same rights as the first one without allowing the operators to extend this license to other third parties (Turnkey).

The system’s sole license consists of all types of interactive gaming like casinos, exchanges, lotteries, sports betting, games based on skills and chance, etc. Having this license will allow you to promote betting and gaming products almost everywhere, other than the countries that prohibit gambling legally. Countries like Australia, the USA, France, Curaçao and the Netherlands do not permit any gambling business with this Curaçao license.

But to obtain this eGaming license, you have to get a pre-approval through a Corporate Service Provider to appeal for the gaming and IP license. And you can normally receive the pre-approval within twenty-four hours.

Applications to Curaçao

This is the simplest gambling license to acquire. And this happens to be the most appropriate choice for gaming operators and sports betting as it is cost-effective and speedy.

The total procedure for getting the license requires just twenty days. Below given are the essential steps to obtain the gambling license:

• Correctly fill up the IP application form.
• Submit the necessary documents mentioned.
• Fix a proper and well-defined report related to the seventh point of the eGaming IP license.
• Complete the application payment
• If there is an error regarding the requirements, the authoritative commission will list the required amendments.

Price

The cost happens to be one of the best advantages of Curaçao’s online gambling license. It has a highly beneficial tax rate of about 2% of total gains. And the pact is back to last till the year 2026.

Only a single-time pre-application cost starting from €750 is required to start the procedure of providing the license. And the special, all-inclusive normal combined packages begin with €1,150 per month or €10,500 per annum.

But here is the major drawback of getting the license from Curaçao e–Gaming Licensing Authority — it does not come in between the digital disputes between the operators and customers.

UK Gambling Commission

UK Gambling Commission or UKGC is an administrative body in the UK Government that is in charge of the gaming and gambling department in Great Britain. All the online gambling and gaming businesses have to acquire a remote working license from the UKGC to function properly, promote and welcome players from Great Britain. And all these will be done in a legal manner once the license is obtained.

UKGC controls every type of bet-associated business operating remotely or is getting advertised or promoted in the United Kingdom. And this includes all the types of betting games like sports wagers, arcades, casinos, bingo, lotteries, etc.

UKGC is a very renowned and reliable online gambling license provider. And it is very respected by both the operators and the players. The transparent legislation and strict rules in this region make it a very alluring marketing ground for operators. Top-rated UK casino sites are the ones which attained a UKGC gambling licence.

Applications to UKGC

• All the operating license applications get processed in about a period of sixteen weeks, only when all the data submitted are true, complete and correct.
• The validity of this license is just three years, and it can be extended as required.
• All the requests for applications for the operating licenses will be accepted online only.
• All you need to do to present your application online is provide the required documents like operator identification papers, financial information, policy papers, data identifying the major people, etc.
• If any required document is found missing, the application for an operating license will be considered incomplete and will be disapproved.

Rules and Standards to be Followed

Given here is a set of rules that your betting trade has to follow to adhere to the license conditions:

• Spread safer gambling to make the public aware and responsible.
• Possess some efficient anti-money laundering methods at hand.
• Obey technical levels and demands.
• Obey promoting requirements.
• Stick to section-specific conformity.
• Satisfy the given standards while managing queries, disputes and complaints.

Price

A particular fee has to be paid for the application. And also, an annual payment has to be made to make sure that your license validity continues. The fee payment and the submission of the application are made altogether. The yearly fee payment must be sent to the operator’s head office location by normal mail, just six weeks before the fee’s due date.

The tough central spot for new casino operators to acquire a license from UKGC is comparatively higher rates of taxes — 15% of income tax. Different operating license types have additional annual fees and applications. You can find the required costs there themselves.

Malta Gaming Authority

The Malta Gaming Authority, also known as MGA, puts forth stern instructions and regulations, legislation, and guidelines that permit advertising casinos and sportsbooks in the EU. MGA still remains one of the hardest gambling licenses to obtain. But again, including all the operating possibilities covering EU, advantageous and easy-to-play taxes or costs and utmost security features, an MGA gambling license is an alluring option for many operators.

There are several categories of licences issued by MGA:

• Gaming service license — This is a type of business-to-consumer license to continue a gaming service (B2C).
• A critical gaming supply license is a business-to-business license to give out or carry out a critical gaming supply (B2B).

Furthermore, Maltese licenses are subdivided into four types. And each of them is important for carrying out a certain type of gambling activity.

1st Type

This type contains games of chances that are played against the house. And usually, the result of the game is determined by a random number generator. It normally contains casino type games like — blackjack, roulette, poker, baccarat and many more that are played against the house, virtual sports games, lotteries and secondary lotteries.

2nd Type

This also contains games of chance that are played against the house. Still, the result is usually not generated by any random machine. On the other hand, the game’s outcome is decided by the results of a competition or event that is unrelated to the game of choice. The gaming operator handles his own risk by increasing the odds offered to the player.

3rd Type

This consists of the games of chances that are not against the house. In the games, the gaming operators are not left open to any risks. But they arrange for revenue, and it is by getting a commission or another cost depending on the stakes or the gift. Only players are involved in the games like bingo, poker, betting exchange and other such games.

This type of licensee is just allowed to host and regulate online skill games. They are usually the software or gaming providers and are not allowed to be gambling operators.

Application to Malta Gaming Authority

For the application procedure, firstly, you have to begin with submitting your request with all the necessary documents or information like notarised utility bills of the past two months, notarised passport copies, a reference, a resume and so on. And when you are totally done with paying the invoice and submitting all the required data, the actual evaluation process begins. And the time required for processing the license for your betting business is from three to six months.

MGA checks well some of the following things before giving a green signal to any operator:

• if the applicant is eligible and competent for handling a betting trade,
• is adequately trained or prepared from the business strategy point of view,
• meets all the necessary functional and statutory needs and executes responsibilities as instructed by the legal sector and policy, and
• has properly checked and implemented everything before starting the business.

Price

The gambling license cost for MGA has different categories, and you have to choose it for yourself. They are as follows:

• The license fee costs about €25,000, and about €5,000 is required for requesting to process the application submitted. For license renewal, you will be charged around €5,000.
• The annual fixed charge for the B2C gaming service license is usually about €25,000. But there is an exception to it. The controlled skill games cost only about €10,000 annually.
• The license charges for B2B critical gaming supply registrations depends on the annual revenue, and it ranges from €25,000 to €35,000.
• Around 5% of the Gaming Tax is imposed on the Gaming Revenue generated from the players of Malta. Also, a corporate tax of about 35% is charged for the gains received by remote operators.

Gibraltar Gambling License

Gibraltar Gambling license is famed for being very trustworthy and has earned its name in the industry for its high standards. With a great name, Gibraltar makes sure to provide licenses to just those businesses that have a history of having acquired other licenses and have been proved to be reliable. Not only that, but the brands also have to show their positive work experience in their gambling businesses as betting operators along with secure financial conditions and a proper business scheme.

The kinds of licenses that the Gibraltar jurisdiction can offer are:

• Online gambling B2C functioning,
• Online gaming B2C functioning,
• Other online B2C betting products,
• Offline B2C gaming operations and
• Offline B2C betting operations.

Also, note that all the betting operations that are carried out in Gibraltar should adhere to the licensing under the Gambling Act 2005, and the tenure of the licensing is five years.

Applications to Gibraltar Gaming Authority

The application procedure for Gibraltar will contain a brief presentation of the gambling business, a plot of the proposal and other details like background and experience of the business in the betting industry. You also have to show your reasons for choosing Gibraltar to get established. After this, if the Government sanctions this outline, the actual detailed documents will be asked to be submitted. And this whole procedure can take up to about six months.

If you are a licensee for the Gibraltar Gambling License, you will also have to provide the following:

• Identification data and information about the beneficial owners and the major personnel,
• Testimony of the originality and authenticity of all these persons by showing the approval and recommendation of from a banking or financial institution that controls and synchronizes the gambling businesses,
• A replica of your betting business license and economic reports,
• Approval from financial solvency,
• Evidence to confirm that the business can pay out the possible winnings by showing receipts of payments made to the winners earlier.

Price

The license from the Gibraltar Gambling Authority can cost up to £100.000 for granting a B2C betting license and about £85.000 for B2B type.

Moreover, the B2B operators have to pay an annual license fee of about £100,000, irrespective of their earnings. That for the B2C operators will cost £85,000, irrespective of their income. What tempts the businesses more is the low taxation system of the Gibraltar Gambling License. The remote betting operators have to give out about 15% revenue tax annually. But for the corporate tax rate, the rate changes to 10% for those companies operating in Gibraltar.

Final Thoughts

Having a proper casino license can keep you many miles ahead in this thick competition of online casinos and gambling sites in general. Your casino will be considered authentic and trustworthy, and you will be regarded as a responsible and authoritative gambling operator. All your digital and offline gambling and betting functions will continue in an absolutely legal manner, and this will surely prove to be helpful for you in the long run. To ensure your venture’s safety and longevity, all you need to do is acquire a gambling license. Get it from the jurisdiction that you have planned to put up your business in. Follow the norms and submit the required documents along with an appropriate application. Also, pay the application fees for it to be considered complete.

FAQs on Online Casino Licenses

Written by: Petricia Everly petricia@newcasinouk.com newcasinouk.com

Petricia Everly is an online writer who writes about the world of online gambling exclusively for NewCasinoUK.com. She is particularly interested in online slots, exploring the themes of identity, justice, and the power of luck in her work. Her writing style is unique, combining elements of realism, fantasy, and humour.