The Rosloto company offers its customers to buy turnkey online casinos with licenses in Australia, reliable software, and an impressive range of games. It is a promising investment, with the help of which business owners will get high dividends and make their casino brands prosperous.
According to the Australian legislation (and a few more countries as well), gambling is totally legal. It helps the public treasury to be replenished by 6 billion dollars annually, and it is the highest indicator worldwide.
15% of the national budget is the taxes from the casino industry. Here, you can find more than 400 land-based casinos and several dozens of elite clubs. Online slots are also very in-demand, making the market incredibly attractive to foreign investors.
However, Australia is a country with a rather complex legal framework mostly because of the political structure, which is divided into 8 federal provinces.
All administrative divisions have their laws and regulators, which deal with all the issues related to gambling.
Despite the multilevel legal structure, the opening of a casino in Australia has several advantages for a potential investor:
As we have already mentioned, each federal state has a regulator that deals with the issuance and administration of permits.
All of them have a similar set of functions, which includes monitoring of compliance with the law by license holders and getting complaints from users.
The capital area
Gambling and Racing Commission Office
New South Wales
Office of Liquor, Gaming and Racing
Victorian Commission for Gambling
Office of Liquor and Gaming Regulation
Northern Territory of Licensing
Independent Gambling Authority
Department of Gaming and Liquor
Tasmanian Gaming Office
Each commission adheres to its own rules ― the basis, on which permits are granted.
If entrepreneurs are planning to buy an Australia casino, they will, first of all, have to decide in which province they want to work. The cost of a license for a casino in Australia, the size of registration fees, and how long the whole procedure will take depends on this.
Licenses in Australia are valid only within the limits of the specific state where it was issued.
Local commissions allow applicants to receive permits for:
Along with an application for receiving a license for a casino in Australia, entrepreneurs must send a package of documents that contains information on the registration, legitimacy, and financial assurances. It is also necessary to provide information on each founder, shareholder, and beneficiary of the company, as well as the management team.
Besides, a separate list of all the documents that confirm the technical side of the transaction is needed:
You must also send copies of receipts confirming the payment of all taxes and state duties.
The commissions lay down the following conditions for all licensees:
Also, permit holders cannot advertise any activities related to gambling projects that are targeted at residents.
These parameters may differ depending on a particular province. The most expensive license for a casino in Australia is in the capital area. Here, the state duty is 200 thousand dollars. In the north of the country, the same document will cost 20 thousand dollars.
As for taxation, four types of assignments to the budget are established:
Tax rates vary depending on the legal framework but, in general, they stay in the range of 5―15%. The amount of tax is also connected with to the place of registration of the company.
The taxation system is constantly changing. Basically, the aim of all the innovations is to lower tax rates and provide companies with various benefits.
Unlike most European and Asian countries, Australia has no taxes on winnings of the end-user. The interest in gambling is not considered equivalent to the main activity of an individual, and therefore, he does not have to pay any fees.
This country is considered a promising territory for those who want to conduct a gambling business. Here, there is an average tax level, a well-developed infrastructure, and high popularity of gambling among the locals. The launch of a virtual resource in this jurisdiction will be profitable, and it will increase brand recognition and its competitiveness.
The Rosloto company provides a wide range of services related to the launch of online casinos anywhere in the world. We offer ready-made platforms with a complete setup: the high-quality software, a large selection of video slots, and a well-thought-out payment system.
From us, you can purchase licensed products, which will help you to optimise the operating expenses in the future.
Contact our manager and learn more about the company’s operations.
Check the information used to contact us carefully. It is necessary for your safety.
Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.
Be careful! Our team is not responsible for the activities of persons using similar contact details.