Sooner or later, the business should be scaled. In the case of a gambling project, an excellent solution would be to open an online casino abroad. In this material from Rosloto, you will be able to find out about all the nuances of this process.
The first thing an online casino owner needs to know before entering foreign markets is the relevance of gambling in a particular region. Not all countries are loyal to the gambling business, and some even provided for the death penalty for the violation of the law. We are talking about the Middle East and several Muslim countries, such as Algeria, Pakistan, and Indonesia.
Online casinos are banned in China, Thailand, and the USA. In these popular tourist areas, you can only gamble in land-based casinos. Their localization is limited to special zones: Macau, Las Vegas, Atlantic City, and others.
When you are planning to reach international markets, it is better for you to focus on such areas as Europe, South America, and Africa. The industry here is officially permitted, and iGaming is one of the five most profitable sectors for investment along with IT, the financial sector, and biotechnology.
It becomes more and more popular to launch and play an online game from time to time, considering the fact that the worldwide emphasis is laid on the release of modern gadgets and mobile platforms.
When planning the international expansion, it is worth taking a closer look at Eastern Europe:
As for Australia and Canada, the main benefit of investing here lies in the high standard of living of the locals. Any player is ready to spend a lot of money on a game in the gambling club, and it is done quite often.
The main difficulty is the fragmentation of the legislation depending on the provinces or states. Each region has its own legal framework, and the obtained permit allows you to work only within one territory.
In general, gambling is legalized in more than 80 jurisdictions. There are territories with minimal government control, and there are those where the government is closely monitoring the operations of companies.
The actions of the authorities almost always are reduced to two main areas:
The original inspection
|It is carried out before obtaining a license for iGaming. This process includes checking of the registration, legitimacy, financial well-being of applicants, testing of the servers that will host the gaming site, and security systems|
|Regulators check already licensed operators for compliance with the legal requirements|
The registration of a permit is extremely important when you are entering the international gambling arena. Without it, operation in any jurisdiction would be illegal and lead to many punitive sanctions.
The acquisition of a permit is a labor-intensive process both in Europe and America and in offshore zones.
The procedure can be divided into several stages:
It is important to confirm the financial security of applicants. Often, minimum authorized capital is sufficient for the regulators. In Ukraine, for example, it is 30 million hryvnias. In other cases, you need to have a bank guarantee, which is accumulated in a separate commercial account.
The advantages of the scaling of the business are that the parent company already has vast experience of working in the industry, and many processes are well-regulated. For this kind of company, it is easier and more economical to organize the entrance to international markets for a gambling establishment.
When launching a gambling project, it is important to take care of the following nuances:
The presentation of an online casino in the international market is always associated with the investment and time expenditures. It is necessary to register a new legal entity, open a bank account, and sign agreements with software vendors. A separate item is a casino licensing since it is a complex and expensive process.
The Rosloto company has vast experience of working in foreign jurisdictions. We organize the activity of a gambling project in any country that you are interested in in terms of the investment and potential profit.
From Rosloto, you can order the development of a turnkey online casino. This is a product with an original design concept, a large selection of video slots, and integrated payment systems. The solution can be launched literally the next day.
For all the questions that are related to cooperation, please contact us.
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