The Dominican Republic gambling sphere is developing rapidly, attracting great investments to the country. Gaming projects may bring a decent profit and increase your business competitiveness in the international arena.
You can open an online casino in this legal field with the help of the Rosloto company. We provide a full range of services related to the organization and promotion of gambling activities in prestigious world jurisdictions.
The Dominican Republic is located on the island of Hispaniola in the heart of the Caribbean Sea. The state is characterised by good climatic conditions, which attracts thousands of tourists. The authorities decided to include casinos and other gambling clubs in the list of entertainment available on the island.
Initially, the Dominican Republic gambling industry worked exclusively with foreign tourists and investors. Over time, the government introduced concessions, allowing local businessmen o open casinos and provide online gambling services. More than 60 companies are licensed as land-based operators today. At the same time, the bulk of budget revenues falls on the iGaming online sector.
The decision to open a casino in the Dominican Republic has the following benefits:
The functions of issuing and controlling license agreements are assigned to three independent bodies.
Ministry of Finance (Gambling Department)
Issuance of permissions for launching land-based casinos, gambling clubs, and iGaming websites
Ministry of Sports
Licensing control of the betting business (ground-based betting establishments, totalizators, online betting platforms) together with the Ministry of Finance
The Loteria Nacional Organization
Lottery ticket production and sales management
The rights and obligations of the subjects of the agreement (the state and the entrepreneur) are regulated by law No. 351 (from 1964). Surprisingly, the document has been working for more than half a century, and there were no significant complaints from the business representatives during this time. Some slight changes were adopted in Decree No. 308 (2006).
The Dominican Republic online casino license is issued in the same way as for ground-based gambling establishments. The commission of the Ministry of Finance, which consists of 4-5 people, is responsible for such permissions. It includes the representatives of the taxation, tourism, security, and gambling departments.
In order to open a casino in the Dominican Republic, applicants must be characterised by the following parameters:
The operators who have received permissions can delegate their authority to third parties. In this case, all responsibilities fall on a third-party company, and the holder gets a certain percentage of the profit for each reporting period. Such a cooperation scheme is similar to a franchise agreement.
Documents sent to the Ministry of Finance along with the application, must contain the following information:
The received information is subject to detailed analysis by the commission. In case of a positive verdict, the Dominican Republic online casino license is issued for 5 years with the possibility of subsequent renewal.
The Dominican Republic gambling field is associated with reliability and high profitability. It is quite simple to obtain permission to launch a ground-based casino in the Dominican Republic. However, you may face some difficulties wishing to open an online gambling site. Rosloto can help you facilitate this process and start working in this jurisdiction as fast as possible.
You can buy the Dominican Republic online casino license, as well as a full-fledged gambling product with gaming content, high-quality software, and competent marketing promotion from us. Moreover, Rosloto provides all services related to the gambling business. We develop effective affiliate programs and create HTML5 slots.
Contact our manager to learn more about the Rosloto activities.
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