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To operate an online casino you will need to obtain a gambling license first. The actual license to operate an Internet casino is issued by many governments worldwide, the first coming from the Caribbean and Pacific Island Governments such as Antigua and Barbuda, St Kitts, Dominica, Curacau and Vanuatu. You can apply for a gambling license in one of the countries listed below:
Antigua and Barbuda
Antigua and Barbuda was one of the first jurisdictions to license interactive gaming and wagering companies in 1994. The internet gaming companies are classified as “Financial Institutions” and are subject to all the Anti-Money Laundering (AML) and Caribbean Financial Action Task Force (CFATF) requirements of the jurisdiction. It's one of the off-shore jurisdictions which contain the biggest number of registered online casinos. Online casino companies are given special licenses.
Costa-Rica
Costa Rica is the Mecca of on-line casinos because it has the best infrastructure available in the Caribbean basin --its reliable telecommunication system, its multilingual workers, and its lack of on-line gaming and Internet regulations.A lot of online casinos have chosen Costa-Rica as registration country because of the fact that there are no direct prohibition on gambling business and no necessity to receive a special license.
Kahnawake
It is an Indian (native American) territory in Canada. Kahnawake licenses online casinos for a fee of USD $10,000 per year. The consultancy firm Gaming Associates monitors Kahnawake licensees. Licenses and license renewals are for two years. All costs associated with processing license and license renewal applications are payable by the applicant, and a non-refundable deposit of USD $15,000 for probity and control system testing is required at the time of application.
Antilles Netherlands and Curacao (no official website)
Within the Netherlands Antilles, Curacao offers licenses for online casinos and sportsbooks. Licenses are available through the Department of Justice or through sub-licensing from an existing license holder. Licenses from the Department of Justice last for two years.
Gibraltar
Gibraltar gambling license is granted by the Government of Gibraltar.
The importance of having the gambling license for your online casino
Online gambling is successfully regulated in many parts of the world, so it can obviously be regulated in the United States. The countries which permit and regulate online gambling include: the United Kingdom, Ireland, Australia, Antigua, and interestingly, even the United States itself. It's allowable to make your business without a license, but most of major online casinos have license. Further we give three main causes why it worth to have a license.
- Firstly, in players' opinion license guarantees reliability and straight dealing of the company. Players give more credence to casinos with license.
- Secondly, in case of a settlement account opening banks insist on license of gambling business right and especially while concluding agreements for receiving payments from bank cards.
- Then, thirdly, in some countries gambling business without license is illegal and it may bring to management and criminal responsibilities.
