• Do You Need A Gambling Licence For Bingo
• Gambling Without Money
• Gambling Without A Licence Plate
• How To Get A Gambling License

Ever since Sweden and the UK got their licenses in order to control online gambling people have been started to gamble on betting and casino site without a license. This has become a major problem for many people since the betting sites don’t have the same responsible gaming tools as a betting site with a license. A casino without a license is a reference to an online casino that has a license from Malta or Curacao. Contrary to popular belief, such gambling sites hold license (s) from foreign regulator such as the Malta Gaming Authority (MGA), the UK Gambling Commission (UKGC) and Curacao e-Gaming. More importantly, they usually have no deposit and withdrawal limits. They won’t ask for an ID or driver’s licence either. Lastly, BTC casinos process coin transfers within seconds. Features of Gambling Sites Without Verification Joining gambling sites that don’t ask for ID comes with some well-known as well as some unusual features. There are certain lotteries that you can run without need a licence. The Gambling Commission website uses cookies to make the site work better for you. Some of these cookies are essential to how the site functions and others are optional.

Among all the costs for the opening of an online casino, the license takes the first place because it is the largest item of expenditure. Therefore, many entrepreneurs decide to launch their business later or sometimes they take a chance and work without registration. Unfortunately, the acquisition of a license usually becomes the main barrier on the way to the successful launch of your business.

In this article, we will analyse how much does a gambling license cost, of what parts this price consists of, which of them can be reduced, and what may happen if you work without a license. Also, we will consider some alternative options for the opening of your online gambling club.

You have an opportunity to sign up for a consultation with an expert from Gaminator Casino at any time. He will help you to understand the requirements for casino licensing in different countries, choose the best jurisdiction, and even prepare the necessary set of documents. Just fill out the feedback form, and we will call you back.

Where is the Gambling Commission License Issued?

People still have not decided yet whether gambling is a good or still a bad thing. Each country has its own rules for gambling establishments.

Somewhere casinos can operate easily, and somewhere gambling is strictly prohibited but in most civilised countries the government is trying to take control over the multimillion-dollar business. For this reason, it creates extremely unfavourable conditions for gambling projects.

On the other hand, there are offshore countries that welcome casinos and create the most loyal conditions for them in exchange for large treasury revenues. And it is the main reason why the whole world is trying to obtain permits not in their own countries but in offshores.

Why is it recommended to obtain offshore gambling licenses:

1. Loyal taxation. Not only low rates or 0% revenue-based levy but also tax holidays, deferrals, and other opportunities.
2. Legal activities all over the world. Usually, offshore licenses have an international format, which means that their holders can work all over the world in those countries where such a business is not prohibited. In this case, your casino will be absolutely legal.
3. The time period for issuing is relatively short: up to two months. But in other countries, the whole process may take from six to eight months, including the preparatory stage and the collection of documents. Therefore, offshore companies benefit greatly in this aspect.
4. Simple reporting. It really is very simple.
5. Remote registration. An attorney or an intermediary can file a package of documents. There is no need for you to be present in person.

How to Choose a Jurisdiction?

To answer this question, you need to start with a business plan. It will help you to understand the potential of your idea. Will you conduct activities only in your own country or somewhere else, do you understand the needs of gamblers, and how to target advertising on them? Or will it be just the first step, after which you will try to enter the markets of neighbouring countries?

Or maybe you want to work only in a certain region because you are sure that the wealthiest gamblers live there? Everything depends on your ambitions, and a business plan will only show you whether the start-up capital for the acquisition of a permit in the jurisdiction you are interested in will be enough.

Licenses of the international type are most often obtained in the following countries: Curacao, Malta, Isle of Man, Gibraltar, Costa Rica, the United Kingdom, and Switzerland.

Why is a Gambling License so Important?

Put it baldly: it is possible to create and run an online casino without an official license.

But then you will face the unpleasant consequences of illegal work:

• high-rollers (players who place high bets) do not trust their money to a casino without a name and a good reputation: they prefer to know who they are dealing with and never make large deposits in illegal casinos;
• those companies which develop the gambling software, as well as gaming platforms and slot machines, do not sell their products to unlicensed casinos — since the gambling business is often used for money laundering, providers do not like to cooperate with “grey” firms;
• constant blocking, restrictions, and increased attention (or a real retrieval) of the law enforcement agencies.

As you can see, the reasons for working under a license are quite substantial.

How is the Gambling Commission License Issued?

Of course, each country sets its own conditions for issuing a permit.

But in most cases, the whole procedure consists of three steps:

• Preparation. You are planning a future business, see all financial capabilities, and collect a package of documents for the submission. Usually, the list of documents consists of a business plan, the proof of holding of capital that is enough for the bank to make payments to players, the information on the business owners, etc. It is better to check out the full list of documents when you decide on the jurisdiction.
• Application. Check whether you need to submit documents in person or you can do it by an attorney. In some cases, the commission may accept the initial application from the intermediary but then the entrepreneur will still be invited for an interview.
• Decision-making. It may take from two to three weeks or up to three months, depending on the local legislation.

Sometimes there is also the fourth stage. For example, in Malta, you can get a temporary license, under which a company can start conducting gambling activities. After six months, the commission sends auditors, and if everything is fine, the entrepreneur will finally get a full license.

How Much is a Gaming License?

The average cost of obtaining a gambling license is from fifteen to twenty thousand dollars, and it includes the following components:

• the registration of the company within the territory of the selected country;
• the commission fee for filing an application (non-refundable);
• payment for the work of a local accountant, lawyer, and other consultants;
• translations of documents.

Some entrepreneurs recommend their colleagues to add to the list of costs the price of plane tickets but it is the decision of each person individually.

It is worth noting that the specified price of fifteen or twenty thousand dollars is related to the offshore countries. In Europe, USA or Asia, the cost is much higher.

In addition to starting costs, there are also current expenditures for the use of the permit:

• taxes;
• the license fee (it is paid annually or quarterly);
• operation of online casino servers;
• maintenance of the company's physical assets;
• payment of salary to the employees of the website.

In general, the size of annual costs can reach another twenty thousand dollars. However, as you understand, these calculations are approximate.

How to Open an Online Gambling Establishment Without the Casino Licensing Procedure?

It is difficult to work without a license but it does not mean that its acquisition is mandatory. Modern laws allow you to obtain a sub-license and conduct activities as a subsidiary of another major casino.

This method has many advantages:

1. You save a significant amount of time (a few months).
2. Sublicensing is much cheaper, which means you can open a casino with a much smaller starting capital.
3. You will not have to deal with the collection of documents, filing reports, payment of taxes, and other legal niceties.
4. Your activity is absolutely legal.

However, it is not so easy to find a full license holder who is ready to work with you as a sublicensee. You can contact experts of the Gaminator Casino company, from which you can buy turnkey casinos already with a license. It is the easiest and fastest way to start making money on the gambling market and become the owner of your online casino.

All you need to do is to get acquainted with the personal manager from Gaminator Casino, who will select a license for you, as well as the good gambling software and popular slots, and provide you with a ready-made business. Moreover, you can rent a casino to evaluate its profitability and only after this to purchase a gaming site.

We offer you a unique opportunity to create your own online gambling business that will generate income twenty-four hours a day, even when you sleep.

Do not wait for tomorrow, write to your manager right now:

• by E-mail: info@gaminatorsystem.com;
• in Skype: gaminator.deluxe;
• in Telegram: @win24;
• via the feedback form.

Getting a Malta betting license

Malta is a beautiful Mediterranean island state. The best time to visit it is autumn, when there is no sultry heat and the water temperature is still comfortable for swimming. However, to obtain a license, you will not have to fly—or sail by ferry from Sicily— to Malta at all, since we will take all the trouble. According to MGA (Malta Gaming Authority) rules, bookmaking activities require a B2C license. In order to get it, you must provide the following documents:

• an application in English;
• copies of company’s beneficial owners’ personal documents;
• a brief description of your professional background, criminal record, corporate charter, business plan and some other documents.

A license holder is obliged to pay an annual license fee of €25,000. After receiving a registration fee and verifying the submitted documents, MGA makes a decision on issuing a betting license. Generally, the whole process takes about 2 months.

As a result, you will be issued a B2C license, which allows you to conduct betting activities in all countries where gambling is not prohibited.

Getting a Curacao betting license

Do You Need A Gambling Licence For Bingo

A company that is planning to receive sports bets via the Internet may also obtain a Curacao license, which is considered a convenient alternative to Malta’s one. With the Curacao betting license, one can enjoy a number of advantages:

• almost every bank will willingly open you a Merchant Account for conducting transactions and players’ deposits/withdrawals;
• sportsbook software providers freely cooperate with Curacao license holders;
• Curacao’s corporate tax rate is 22%; however, so-called E-Zone companies are completely tax-exempt. GamingLicensing specialists will provide you professional assistance in registering your company in Curacao’s E-Zone.

In order to successfully get a license, you must meet several technical requirements, such as storing backup information about clients and transactions on Curacao’s soil (other databases may be physically located anywhere), getting your software certified by an audit company and having specific website sections (Terms and Conditions, Refund Policy, etc.) and a clickable icon confirming licensing.

Gambling Without Money

Summary

Hopefully, a future sportsbook operator now has no doubts about the necessity of obtaining a license and working within the law. As of today, the best and the most cost-efficient option is obtaining approval documents from Malta or Curacao.

Online Betting License Cost

Gambling Without A Licence Plate

To get hold of an online betting license and diversify your online casino even further, GamingLicensing offers you help with the following price tags:

How To Get A Gambling License

FAQ

1. What betting licenses can GamingLicensing help me obtain?

   GamingLicensing can help you get the prestigious Malta Gambling Authority license and the Curacao e-Gaming license. You won’t have to deal with annoying bureaucratic procedures — our experts will do that for you.

2. What do I need for the Malta Gambling Authority betting license?

   To run a successful online betting site with a betting license from the Malta Gambling Authority, you need to obtain the so-called B2C license. To do that, you need to submit an application in English, the copies of your company’s beneficial owners’ personal documents, a brief description of your professional background, criminal record, corporate charter, business plan, and some other documents.

3. How much does the Malta Gambling Authority betting license cost and how much time does the process take?

   The annual license fee is set at €25,000, and the whole process is finished in around two months.

4. What should I do to obtain the Curacao betting license and what are the advantages?

   In order to obtain the Curacao betting license, your servers need to be physically located in Curacao and your software needs to be certified by an auditing company. Also, you will need to have specific sections visibly displayed, such as Terms and Conditions and Refund Policy.

   Note that with the Curacao betting license, all banks will open merchant accounts for your transactions and players’ deposits and withdrawals. Also, all sportsbook software will cooperate with Curacao license holders. On top of that, doing business from the Curacao E-Zone means that your business will be exempt from taxation.