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1. Advantages of an Online Casino With a Gambling License
2. A Casino License: Features of its Acquisition
3. Where is it Better to Buy a Casino License: Between-Countries Comparison
4. How Much is a Casino License in Different Jurisdictions?
A gambling license is an important document that can determine the future of a gambling project. The level of trust of customers and partners, the company’s profit and development prospects depend on how responsibly an entrepreneur will solve legal problems.
Experts of Smart Money have prepared a review, thanks to which you will understand all the nuances of the registration of permits. We are also ready to help you with the legalization of your business in the best jurisdictions of the world.
Beginning entrepreneurs often wonder why they need an online casino license in the first place because it is no secret that the shadow sector of the gambling industry has always existed, exists now, and, possibly, it still will exist in the future.
Indeed, there are many illegal gaming sites, and they make good money. Nevertheless, casino licensing is a mandatory procedure. A casino operator that has a permit receives several undeniable advantages over the owners of illegal websites:
Employees of the Smart Money company recommends operators to run a legal business. Of course, a gambling license will cost a lot but the benefits that its holder will receive are also rather significant. This is a very profitable investment.
You may also be interested in Is Gambling with Bitcoin Legal: The Main Judicial and Licensing Nuances
Each jurisdiction has its own requirements for applicants but there is a general list of documents that are requested by most gambling regulators:
There are regulators that issue gambling licenses only to the residents of the country but there are also more loyal jurisdictions. In any case, applicants must abide by the law of the state where their business is legalized.
Prices of the permits can vary from 10 to 350 thousand dollars. Therefore, before you buy a casino license, it is necessary to clearly understand what specific activities you will need to carry out and how you are planning to develop the project in the future.
It can be difficult for beginning entrepreneurs to determine the prospects of a startup so it makes sense to turn to an experienced partner — Smart Money. We will provide our consultations and calculate the cost of launching an online casino with a license in different jurisdictions. Our staff will make sure that you launch your own business with minimum cost.
Many entrepreneurs consider a Costa Rican online casino license to be the most profitable one. It costs 15 thousand dollars. Also, businessmen do not have to face bans and restrictions or pay fines. They get almost complete carte blanche.
However, the Costa Rican license has a significant disadvantage: with it, it is difficult to open a bank account of the gambling company. The document allows data processing but does not regulate the activities of casinos. For this reason, it is not suitable for all operators, which means that other options should be considered as well.
The price of a license (in thousands of dollars)
Annual license renewal (in thousands of dollars)
Antigua and Barbuda
To launch a licensed online casino with the correct documentation, entrepreneurs have to understand all the nuances of the legislation of each jurisdiction but even this does not guarantee that they will not make mistakes. So the consultation of an experienced gambling lawyer will be helpful.
Smart Money offers a simple and effective solution: we take orders for the creation of a turnkey online casino with a license. All you need to do is contact our manager and tell us how you see your future business.
We will develop a website with an attractive design, select the perfect content, and help you with all the necessary documentation.
It is a very difficult task to choose the type of document and the jurisdiction. To perform it, we would recommend you to turn to those specialists who know the gambling legislation of different countries.
The Smart Money has been working in the gambling market for a long time, and we are ready to help you at all stages of the creation and launch of your casino and with the acquisition of a license.
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