Your business: online casino
Online Casino Management: Your Rights
In every country you have to receive an approval by the authorities - license - before casino opening (real casino, not virtual). As you've decided to start gambling deal in the internet, you have possibility to choose any country you like to register your casino in.
Why do you need the gambling license for your online casino?
It's allowable to make your business without a license, but most of major online casinos have license. Further we give three main causes why it worth to have a license.
- Firstly, in players' opinion license guarantees reliability and straight dealing of the company. Players give more credence to casinos with license.
- Secondly, in case of a settlement account opening banks insist on license of gambling business right and especially while concluding agreements for receiving payments from bank cards.
- Then, thirdly, in some countries gambling business without license is illegal and it may bring to management and criminal responsibilities.
What jurisdiction shall you choose for online casino?
While you are choosing jurisdiction, you face with a following question: what countries will your players be from? The main principal is most of your players should be informed about the jurisdiction
All the countries can be devised into three groups according to the regulation of online casino business.
- First group - countries there is a direct prohibition on online casino business or other kind of gambling business. Obviously, you can't make your casino business legally in such a country. It is USA , Russia, China and Andorra .
- Second group is formed with countries there is no a direct prohibition on online casino business but this business is not to be licensed. The number of countries of the kind becomes less and less. As an example we can set Costa-Rica. In these countries you can set up in gambling business easily but rather possibly that in some years situation will change and gambling business will be either prohibited or licensed.
- The third group of countries is there jurisdiction describes in details online casino business and rights to license on gambling business. Major developed countries formed the group. They are, for example, Canada and Great Britain , then insular countries known like off-shore jurisdiction (like Antilles Netherlands, Antigua and Barbuda )
While choosing jurisdiction you shall also precise tax rate on online casino business.
As you have observed countries differ their geographic and Universal politics roles.
We make especially for you a list of the most popular jurisdictions. To make the best choice you shall consult with international lawyers.
The most popular jurisdictions on online casino business
Antigua and BarbudaŠ°
It's one of the off-shore jurisdictions which contain the biggest number of registered online casinos. Online casino companies are given with special licenses.
Costa-Rica
A lot of online casinos have chosen Costa-Rica as registration country because of the fact that there are no direct prohibition on gambling business and no necessity to receive a special license.
Kahnawake
It is an Indian (native American) territory in Canada. There online casino shall receive a gambling license.
Antilles Netherlanders and Curacao (no official website)
Licenses and sublicenses are given to online casino. Maybe in the jurisdiction the license cost will be the lowest.
Gibraltar
There a special license is given. It is an optimum alternative if you've decided to make open stock floatation in the London Stock Exchange.