The casino license is official permission to conduct gambling activities, which opens up the possibility to provide gambling services in a particular country.
Contact the 2WinPower managers, and we tell you more about the principles of the gambling industry regulation. You will learn the advantages of casino licensing and find out the cost of online gambling licenses.
Having decided to launch your own business, you should know that the legalization of start-ups is possible in more than 80 countries. Moreover, about 130 countries imposed restrictions on gambling (the total number of gamblers is 56% of the world's population).
Check out the information from the KeytoCasino portal:
The state of the global gambling industry in 2020
Industry control format
Number of states
State ban on organizing any kind of real money entertainment
Strict restrictions for local entrepreneurs and the absence of control standards for foreign suppliers
Players have access to online services. Control is exercised only over local enterprises in the domestic market
The absence of prohibitions for developing gambling projects, internal control systems and legalization of the industry
Visiting online casinos and participating games of chance threatens the user with criminal prosecution
Participation in gambling activities is punishable by an administrative fine
Free market and loyal conditions for all participants in the gambling business
The statistical coverage of the study is 95% of the existing states. Besides, a new gambling market, Ukraine, was opened in 2019.
The official gambling permit brings the following benefits to the operator:
To legalize a gambling start-up, the operator needs to take the following actions:
There is no single list of documents for obtaining a permit. Each jurisdiction has the right to require an individual set of information from the applicant.
The basic package includes:
To buy a casino license, the applicant must confirm his or her financial solvency. A bank statement about the availability of a reserve fund (capital heeded to cover jackpots and other significant wins) must be submitted along with the application for legalization. The reserve amount is calculated individually for each jurisdiction. In addition, some countries require opening a bank account only at local institutions.
To confirm the seriousness of the operator's intentions, the authorized authority may require the applicant to provide agreements with software developers and sellers. Supervisory authorities will check not only the gaming content but also the security systems, as well as technical support and information storage software.
To open a licensed online casino, the operator must make a non-refundable fee and be prepared to pay for the annual maintenance of the permit (this sum is set individually in each jurisdiction).
The launch of the project with an online casino license from scratch is an expensive and time-consuming process. The preparation of documents and legalization procedure can take from six months to several years. Moreover, there are no guarantees of success.
The purchase of a turnkey online casino with a license is an excellent opportunity to avoid "pitfalls" and save your time.
Leave a request to 2WinPower managers and learn more about the best offers:
We guarantee the absence of financial risks, the high speed of the procedure, and the full legal support at every stage.
There are no single international standards for the legalization and taxation of gambling business. An online gambling license can cost from 10 to 500 thousand dollars (annual maintenance) in different offshore zones.
The permit of Costa Rica is the most affordable option. The service costs $15 thousand. Besides, there is no tax on gambling projects. It should be noted that this is not a full-fledged gambling license. The operator will receive the so-called "permission to process data."
Entrepreneurs aimed at the European audience should buy a casino license from Malta. This offshore zone has an impeccable reputation and many years of experience in the gambling market. The price of the document starts from 50 thousand dollars.
Obtaining an online casino license is an excellent opportunity to enter the international arena without double taxation and administrative prosecution.
The 2WinPower team will save you from any problems related to the legalization of gambling projects. We will solve all the legal tasks (from the registration of a legal entity to the opening of a representative office in the territory of the selected offshore zone as well as the resolution of contentious issues). In addition, you can always order a turnkey casino development service from us.
You can evaluate the prospects of cooperating with us after downloading the free demo version of the gaming platform.
Do you still have some questions? Contact us to get the answers:
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