Obtaining an online gambling license is a lengthy process, which you must go through no matter what if you wat to start a business in this profitable and rapidly growing industry.
Your company must be registered and in compliance with at least one gambling jurisdiction in order to be able to at least manage your payments, because none bank or payment processors will allow you to do so without providing them a license. Most popular jurisdictions are:
- Costa Rica
- Isle of Man
Online gambling licensing consists of three phases:
- Application process
- Obtaining a license
- Compliance and retention
All three phases bring expenses with them and are time consuming. Most of the jurisdictions will ask you to make a deposit for the purpose of investigation of your application. Your application will be reviewed within 2 to around 20 weeks, depending on jurisdiction. If you get through the application process, you will be required to pay for initial setup. When you get yourself registered and acquire a license, you will be required to pay annual fee of keeping your license active. Also, you will have to make sure that you are meeting all requirements and are compliant with regulator’s rules. You can get fined, if you not.
Benefits of licensing as 1Click Games’ turnkey casino operatorYou can avoid all regulatory process and most expenses as 1Click Games’ white label or turnkey operator. Your casino will be launched with Curacao sublicense and all following compliance efforts will be on us. Acquisition of gambling license will be already included in the initial setup costs of your turnkey online casino. Annual costs of keeping the license will be covered by the monthly share.
Learn more about what is online casino turnkey solution.
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