eGaming Licensing

eGaming Licensing

A gambling license may be required to run your online gambling website safely and legally in your target countries or jurisdictions. Moreover, many service providers only accept licensed companies. Companies with a licensed website are also taken more seriously by players and enjoy legal protections from possible prejudice.

To obtain such a license, you must create a specific business plan that strictly adheres to the rules set by each relevant gambling commission. Creating this document can be a long and exhausting process, and even small mistakes can lead to multiple refusals. The specialists who work for Black Thunder Group can save you much time and effort through this arduous process.

Here are several jurisdictions that provide gambling licenses and some key points of their respective offers:

 

Malta

  • One of the most reputable licenses;
  • Application fee: €2,330;
  • Licensing fees: €8,500 per year;
  • Gambling tax: €4,660 per month for the first 6 months, then €7,000 per month;
  • Shareholders must go through a due diligence and background check process;
  • The software platform is checked and audited, and the Malta gambling authorities may request changes.

 

Isle of Man

  • Very reputable licensing commission;
  • Application fee: £5,000;
  • Licensing fee: £35,000 per year;
  • Gambling tax: 0.1% to 1.5% of revenue, dependent on total revenue;
  • The application procedure is very complicated, and a lot of work is needed with regard to business plan and legal proceedings;
  • Shareholders must go through an in-depth due diligence and background check process.

 

Antigua and Barbuda

  • Respected gambling licensing commission;
  • Application fee: $15,000;
  • Licensing fees: $100,000 initially, then $5,000 per year;
  • The application process lasts 60 or more days;
  • The company can only start operating if its cash flow reaches at least $100,000;
  • Shareholders must go through an in-depth due diligence and background check process.

 

Montenegro

  • Relatively new gambling jurisdiction;
  • Application fee: €22,500;
  • Licensing (and license renewal) fee: €15,000 per year;
  • Provides a turnkey package including license, banking and company.

 

Curacao (Netherlands Antilles)

  • Simpler and cheaper process;
  • License acquisition fee: around $14,000;
  • License renewal fee: $10,000 per year;
  • The process should go through the regulators’ partners;
  • Servers can be anywhere in the world, but backups should exist in Curacao.

 

Kahnawake

  • One of the first and oldest gambling commissions;
  • Licensing fees: $40,000;
  • Key person permit acquisition fee: $5,000;
  • License renewal fee: $20,000 per year;
  • Key person permit renewal fee: $1,000 per year;
  • The license lasts 5 years;
  • 5-year license renewal fee: $5,000;
  • 5-year key person permit renewal fee: $2,500;
  • Shareholders must go through an in-depth due diligence and background check process;
  • Must be hosted at Mohawk Internet Technologies, a data center managed by Continent 8 Technologies on the Mohawk Territory of Kahnawake.

 

White Label

Launching and operating an online eGaming business is a long and difficult task, as proper approval must be obtained from regulators. If you don’t want to wait for a gambling license, the white label option can be a good substitute for you. Here are some of its benefits:

  • Pre-approved software;
  • Cheaper than starting your own eGaming business;
  • Saves a lot of time;
  • Easy to customize;
  • Time-tested gambling platform that’s easy to brand;
  • Wide selection of sports events and casino games from top providers;
  • Easy access to the necessary gambling licenses;
  • Easy access to multiple payment methods.

When you choose the white label option, your only worries are marketing and customer care. The third party that provides you the eGaming platform takes care of the rest for a small, variable fee based on a percentage of your monthly profit. This doesn’t stop you from getting your own gambling license further down the road. This is an important decision, so do not hesitate to contact us with your questions. We’ll guide your company in the best direction possible.

For any further information, please contact us.

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