In order to obtain an e-gaming license in view to open and operate an online casino, sports betting or poker site is to obtain the appropriate e-gaming licenses in most cases you will need more than one gaming license to the exception of Curacao Gaming Licence. The gambling license is required for any gambling activity, including games with bets or luck such as bingo, slots, poker, roulette, lottery and sports betting including esports betting. This permission is issued by the special gambling committee in order to validate the proof that the ongoing business is legitimate and the winnings payouts are guaranteed by the operator.
Online Sports Betting License
Online sports betting license is a very profitable online business. Online betting operators that accept bets over the Internet must have a license for this type of activity, and not every country issues them. eGamingLicense.com will help you obtain a license from Isle of Man, Jersey, Estonia, Malta or Curacao and start a legal betting business online.
Procedures of getting a gaming betting license:
In order to get a license you must provide the following documents:an application in English
- copies of company’s beneficial owners’ personal documents
- a brief description of your professional background, criminal record, corporate charter, business plan and some other documents
A license holder is obliged to pay either an application and/plus a renewable annual license fee of min $15,000 up to $145,000 in some Asian Countries. Costs vary and depends which country you will be applying your license with and where you will be operating. There is more than 70 countries which issues e-gaming licenses and all have various advantages, procedures and costs. After receiving a registration fee and verifying the submitted documents, the Gaming Authority makes a decision on issuing a betting license. Generally, the whole process can take 2 weeks to maximum 2 months.
As a result, you will be issued a B2C license, which allows you to conduct betting activities in all countries where gambling is not prohibited. In order to successfully get a license, you must meet several technical requirements, such as storing backup information about clients and transactions on Curacao’s soil and other databases may be physically located anywhere, getting your software certified by an audit company and having specific website sections, Terms and Conditions, Refund Policy, etc. with a clickable icon confirming the license details.