How to get a gaming license
January 25, 2023
If you’ve reached this page, we believe it’s safe to assume that you’re considering going into the online casino business. Congrats! Now if you only knew where to start… Leaning on our years of experience, we think the first step towards running your online casino is to get permission to do so. In other words – a license! So, how can you get a gambling license?
Why do you need a license?
A gambling license is fundamental when starting an online casino. Not only is the license the backbone of your reputation and a source of players’ trust, but it also ensures that you are able to work with different software and game content providers. Also, you need it to create the casino’s financial infrastructure.
Securing a gaming license is needed for:
- Opening a bank and merchant account
- Partnering with digital payment system providers
- Partnering with white-market providers
What does the process look like?
First things first, you have to do your own extensive research on the gambling jurisdictions, industry requirements, expenses, taxation policy, and how long it takes for an application to be processed.
It’d be best to choose a jurisdiction that suits your current business needs and opportunities. Following that, confirm that your chosen casino software meets the requirements set by the jurisdiction. Some jurisdictions might require the casino to be run by a company, registered locally, meaning you’ll need a legal entity to represent you. To avoid any hassles, make sure your documents are up-to-date and easily accessible to your organization.
Good to know
As with national laws, gambling laws vary in each country, too. There are countries that heavily regulate the industry and keep a sharp eye on all matters, whilst some are more laid back in those terms. If doing business in your own country proves to be rather expensive, one thing to consider is going off-shore. It’s not the first for casino operators to obtain a gambling license more easily abroad. Either way, you should always consider what’s best for you and your business first, followed by what’s convenient.
Still have questions or concerns? Shoot us a quick email at [email protected] where we can answer any inquiries.
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About UltraPlay:
UltraPlay is a multi-awarded betting provider, founded in 2010, offering a turn-key iGaming platform to online operators worldwide. The company focuses on sports and eSports betting, live betting, white-label, online casino, and blockchain technology.
Assembled by a team of iGaming professionals with vast experience in betting product development, operations, eSports, and marketing, UltraPlay is a trusted partner for delivering superior sports betting software and odds products to its customers.
Learn more about the company here: www.ultraplay.co
Press contact:
Marina Marinova
PR Specialist
Tags: eSports, Guide, iGaming
