Those who want to start a web casino should obtain 2 documents:
The permit is important to conduct legal activities. New iGaming brands get many benefits from the certification procedure.
Let us review the core reasons for applying for a gaming licence:
Banks of any country in the world carefully study the statutory documents of enterprises, their history, and their reputation before opening both operating and depositary accounts.
They are especially attentive to casino projects, which are often used for money laundering and sponsoring all kinds of disorder, up to terrorist attacks.
It is impossible to get access to legal financial channels without having a licence.
Some entrepreneurs try to work through a personal account (assigned to an individual). However, law enforcement officers quickly respond to any suspicious activity and, thus, find the owners of illegal casinos, even if they run their business in the online format.
For a licensed platform, on the contrary, all doors open. Banks, providers, and the players themselves have a positive attitude toward legal locations. The certificate becomes a guarantee of transparent and trusting relationships with banking institutions in different jurisdictions.
It is especially important for those entrepreneurs who want to provide services to players from several countries.
If you are interested in working in different parts of the globe, then it is impossible to achieve anything without a permit. You cannot enter the Asian market or the US industries by conducting illegal activities.
How do the numerous gaming sites operate all over the world? There is a very simple explanation: they have obtained an international licence.
Although it seems that there are no borders on the Internet, and everyone can do anything, the virtual space is strictly regulated by the laws of all countries and enforcement agencies.
There is also the cheaper and more winding path: constantly create mirrors of the main website or offer customers to use a VPN.
However, this method has 2 serious disadvantages:
This is why it is believed that without a special permit, virtual casinos do not have any opportunities to grow and enter new markets.
Those who have ever placed bets perfectly understand how important it is for gamblers with any budget to know that the operator that they have chosen has a special licence.
If beginners may not know that such a document may save their money and just place small bids for fun, high rollers will never deposit on a gambling platform that was not certified.
In the eyes of users, a permit is a clear confirmation that the entrepreneur cares about his reputation and tries to work honestly and transparently. An unlicensed iGaming project is doomed to accept small bets until it obtains a licence.
Online casino software vendors make contact only with those companies that operate officially. Since the gambling niche is highly compromised in the modern world, developers are trying to protect themselves from cooperation with dubious brands in every possible way.
Before purchasing high-quality software, you will have to confirm the seriousness of your intentions and show registration documents, and a copy of the licence.
For example, NetEnt, a world-famous and popular manufacturer, supplies software only to brands that were certified in:
All other web casinos have to look for workarounds: buy the solution from another vendor or resellers.
Serious businessmen pay much attention to the choice of jurisdiction for casino certification. To work all over the world, operators will need a permit of the international type. It is usually obtained in Europe or offshore zones (Malta, Curacao, etc.) Several regions issue so-called internal licences, which are valid only in their territories.
The second procedure, which you also have to go through on the way to project legalisation, is registration with municipal authorities. The required set of documents and all stages of their submission and consideration entirely depend on the country where operators intend to obtain a permit.
In the vast majority of cases, the gambling regulator issues certificates only to local companies founded and registered within the same country. That is why entrepreneurs first need to choose a jurisdiction and only then find out the detailed rules.
Try to determine which doors a licence should open for you as accurately as possible. Are you most interested in low taxes, reliable software, or the opportunity to provide services to players from all over the world? The answer depends on where exactly it is worth legalising your project.
The topic of casino licensing may seem confusing and complicated but Rosloto experts will help you understand all the nuances.
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