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Launching a fully autonomous online casino requires obtaining a gambling license. In addition to improving the owner’s reputation and increasing the trust of potential players, obtaining an online casino license enables you to put in place a reliable financial infrastructure and cooperate with software and game content providers.
Need to get a gambling license? IncFine is the answer!
Obtaining a gambling license is the minimum requirement one must meet to be eligible to engage in this kind of activities.
Getting a gambling license also means avoiding difficulties with the laws of the country one’s online casino will be operating in. Also, a license can also come in handy for:
- Opening a bank account or working with electronic payment systems on behalf of a gambling establishment
- Using licensed software and content from legitimate suppliers;
- Obtaining significant results from advertising and increasing traffic;
- Boosting the status of the casino as a reliable and safe online establishment, and, accordingly, increasing the loyalty of the players.
It is worth noting that not all states provide the opportunity to obtain a gambling license. Therefore, the process of obtaining a license for gambling begins with the selection of the appropriate jurisdiction where the future casino will be hosted. Jurisdictions generally place similar requirements and conditions on license seekers. They differ in the requirements for software manufacturers, time required for processing applications, the cost of licensing services, etc.
What Does It Take to Get a Gambling License?
The regulator will require the future owner of the gambling establishment to fulfill certain requirements. They differ from jurisdiction to jurisdiction but you will only need to do this:
- Get acquainted with the list of jurisdictions that provide gambling licenses, as well as the conditions for their issuance, cost, and tax policy of the jurisdiction;
- Select the appropriate jurisdiction;
- Make sure that the selected software meets the requirements of the chosen jurisdiction.
- Register your company in the selected jurisdiction;
- Prepare all the necessary documents in advance;
- Prepare documents for the software used;
- Check whether the gambling site and the information posted on it meets the requirements of the chosen jurisdiction.
In general, it is obvious that obtaining an online gambling license is a rather laborious process that requires a responsible approach, certain material and time resources.
The process of considering the application by the regulator, and, accordingly, obtaining an online casino license, can take from 2 weeks to 6-12 months.
Obtaining a Gambling License
Successful preparation of documents requires enlisting the help of professionals. IncFine provides legal advice on choosing a jurisdiction and gambling software. We can also assist you in getting a gambling license, the preparation of documents, as well as provide legal support at all stages of obtaining a license.
