What is a gambling casino software license?
It is the first step of every gambling startup owner to apply for a gambling license. An online casino license is a document that allows the provision of services in the gambling industry – you will be able to offer all sorts of games for money – bingo, various lotteries, bookmaker services, as well as online gambling platform for cafe.
A gambling casino software license is issued by a special regulatory body that has a set of requirements that must be met by the owner of the gambling business. Compliance standards primarily relate to the company’s financial accounting, auditing, technical aspects of gaming software for cafe and a detailed description of the company’s activities.
Where to obtain a gambling casino software license?
Various authorities have the right to issue licenses for gambling platform for cafe. As a rule, permits are issued by special gambling commissions, various departments and ministries – all of them have their own requirements for the owners of gambling software for café. To get a license, an operator must provide a package of documents to the regulator. The list of papers includes the registration data of the company, information about the owner, financial statements, etc. Furthermore, you must have appropriate equipment and certified gaming software for café.
Currently, there are several popular jurisdictions that have loyal requirements for the gambling business. Operators choose them because of low tax rates and flexible gambling legislation. The cost of the gambling casino software license depends on the type of activity of the company and the chosen jurisdiction:
Gibraltar – this license will cost from $30,000 to $70,000. Renewal cost is $3,000 annually.
Curacao – you will need to pay at least $40,000 to obtain a permit in this jurisdiction. The cost of the annual renewal is $15,000.
Costa Rica – a license starts at $40,000, and an annual renewal is $10,000.
Malta – the license fee is €25,000, the request to process the application is €2,300 and the license renewal is €1,500.
If the legislation of your country prohibits the conduct of gambling business, you can use the services of offshore casino licensing companies. But always study carefully the reputation, geolocation, taxation system and the requirements of each regulator.
Obtaining a license for an online gambling platform for cafe is a painstaking process that demands compliance with a large number of regulatory requirements and high costs. However, an online casino with an official work permit and licensed gambling casino software guarantees reliability and safety and has more chances for legal development.