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For the legal provision of online gambling services related to sports betting, bingo, poker and bingo, an online casino must obtain a license. Its absence calls into question the successful operation of the online platform, since the operator will not be able to open a bank account and even host video slots and board games, because for this you need to conclude an agreement with a gaming software manufacturer, and without a license this cannot be done. In addition, a gambling license is often accompanied by a lighter tax regime and other benefits. VVIP
However, obtaining a license does not mean that from now on any country will readily open its doors to a new operator, since the legislation of some countries (almost all states of the USA, Poland, France, etc.) prohibits the activities of online casino operators in whole or in part. In addition, local legal regulations are fluid and the country, once loyal to casinos, will tomorrow issue a law blocking gambling sites on its territory. For example, until February 2017, Australia was a fertile place for online casinos of all stripes, as Australians were considered the most gambling public in the world, spending about $ 8 billion a year, according to a study by the Australasian Gaming Expo in 2018, and this huge amount of money went into their pockets. foreign casinos, bypassing the local budget. New legislation, in particular the Interactive Gambling Amendment Act 2017, outlaws foreign casinos that do not have a special Australian license, which has led to a massive outflow of gambling operators from the country. VVIP
The presence of a license increases the confidence of players in online casinos and automatically removes fears about the "rigged" RTP (return rate) of slots and non-payment of large winnings, since a licensed institution conducts a regular audit of the random number generator, which usually results in a certificate of conformity. Online casinos usually insert a summary of their license into the footer of the site, and experienced players, when visiting a casino for the first time, immediately scroll down the page to see which jurisdiction has issued the license. VVIP
Online casino owners are faced with a difficult choice of a reliable jurisdiction, licenses of which are quoted in many countries. At the moment, the choice is limited and online casino owners are licensed in one of the following countries and territories described below.
The advantages of this small island in the Caribbean are zero percent on casino profits, fast clearance (usually around 1.5-2 months) and low running costs. The owner of an online casino is obliged to place computing power (server) on the territory of Curacao. The Internet gambling industry forms the lion's share of the budget of Curacao, therefore, an attractive tax system for casinos has been formed here. VVIP
Canada is known for its tolerant attitude towards gambling at the legislative level. In 1996, the Kahnawake Gaming Commission was created, which, among other things, deals with the licensing of online casinos. The first annual license fee is $ 40,000, software technical review costs $ 15,000, and the annual license renewal fee is $ 10,000.
The Malta Gaming Authority issues 2 types of licenses (B2B and B2C) for a period of five years. The operators, licensed in Malta, are whitelisted by the UK gambling regulator, which allows online casinos to offer services to UK players. Casino operators are required to adhere to a number of requirements, such as filing financial statements, protecting players' personal data and developing a Responsible Gaming Policy. VVVIPVIP
The licensing procedure takes place in several stages: the Commission considers the application for 3-4 weeks, after which the online casino receives a temporary license for a period of six months. Then, based on the results of a thorough analysis, a gambling license is issued, valid for 5 years. According to the new taxation rules, which came into force on January 1, 2018, online casinos licensed “B2C - Type 1 Gaming Services” (slots, table games, games with a live dealer) pay an annual tax at a rate of 1.25% (if the casino income does not exceed € 3.000.000), 1% (up to € 4.500.000), 0.85% (up to € 5.000.000), 0.70% (up to € 7.500.000) and 0.55% (up to € 10.000.000 ).