How To Get An Online Gambling License
Gaming license is an essential factor in starting a standalone online casino. Besides improving the casino reputation and contributing to players’ trust, the license is required for creating the financial infrastructure and working with many software and game content providers.
Within a week, New Jersey became the third state to legalize online gambling, authorizing the issue of both online poker and online casino licenses to casinos in Atlantic City. In April 2013, the first legal online gambling site in the United States went live in Nevada. Nonrestricted Gaming License: PDF 2. Nonrestricted Gaming License as a Key Employee: PDF: 3. Manufacturer and/or Distributor License: PDF 4. Manufacturer of Interactive Gaming Systems or Associated Equipment License: PDF 5. Preliminary Determination Location Suitability: PDF 6. Operator of Interactive Gaming License: PDF: 7. An online gambling license is a crucial factor for opening a legal business. The license demonstrates that your company a trustworthy and reliable one. With online gambling license, you avoid future problems with laws and also gain the trust of your customers. Therefore, it is also crucial to get certification from authorities before opening.
Why is a gaming license required
A gambling license is a prerequisite to working legally and without complications. It is needed:
How To Get An Online Gambling License Renewal
When you’re starting an online casino business, one of the most important steps is getting the license. Even though the process is somewhat straightforward, it may take a lot of your time. The duration of the process depends on a variety of factors, all of which we will include in our article in order to help you prepare yourself and organise.
- To open a bank and a merchant account
- To work with electronic payment system providers
- To use gaming content from reputable, white-market providers
- For more effective marketing and oftentimes better player conversion
- For increased player loyalty stemming from perceived reputability of the casino
Getting a gaming license starts with making the most important decision on the gambling jurisdiction. The available jurisdictions mainly vary by the requirements to the casino operator and the software, the time of processing applications, and licensing costs.
Steps to follow before applying for the license
How To Get An Online Gambling License Plate
- Learn the available gambling jurisdictions, their requirements, costs, taxation policy and application processing time.
- Choose the jurisdiction that better corresponds your current needs and possibilities.
- Make sure that the casino software you are going to use meets the requirements of the jurisdiction. Licensing bodies in different jurisdiction pose various requirements to the software used by the casino. For example, the software shall have the appropriate functionality for supporting casino self-exclusion policy.
- Be prepared to incorporate a legal entity in the required jurisdiction: most of the jurisdictions require that the casino is run by a locally registered company.
- Start preparing personal documents in advance. Documents which are usually required for incorporation include passport copy, recent utility bill or other proof of address, certificate of no criminal record from the police, bank reference letter, and some other.
- Prepare documents on the gaming software. The list would usually include certificate of the RNG, detailed description of the software functionality and games, agreements with software providers, etc.
- Check if the online casino website contains the information required by your gambling jurisdiction. Many gambling jurisdictions check the availability of the information on terms and conditions, responsible gambling, self-exclusion policy, withdrawal policy, etc.
Getting a gambling license is an effort and cost consuming procedure which may last from several weeks to a year and make the online casino time to market very long. Professional help can play a decisive role in speeding up the process and eliminating unnecessary risks for the casino operator. SoftSwiss offers consulting and support in choosing the gambling jurisdiction, helps prepare the documents, makes sure that the software meets all requirements and facilitates communication between the operator and the licensing body. For those who want to launch their online casino within the shortest time frame and are not ready to wait until the license is ready, SoftSwiss is glad to offer its White Label solution.
How To Get An Online Gambling License Required
Related materials:
How to start an online casino with SoftSwiss software