Online gambling business registration is one of the popular decisions among entrepreneurs because, with the introduction of innovative and dynamic technologies, the growth of this industry will continue in the future. Today, online gambling businesses are finding new ways to fulfill the needs of customers all over the world. This has led to an increase in the number of entrepreneurs requesting gambling licenses in different countries. Online gambling is considered one of the lucrative business models for those who are planning to launch their own gambling platform (or app).
1. Registering an online gambling platform in Malta
If you want to start an online gambling business in the European market, you can apply for an online casino gambling license in Malta. This island jurisdiction has access to European countries.
Advantages of applying for an online gambling license in Malta:
- A jurisdiction regulated according to European standards;
- Member of the European Union;
- Stable political and economic system;
- High level of protection of gambling activities;
- Gambling license obtained in Malta is recognized by other European countries;
- Developed infrastructure;
- Attractive tax legislation.
- The time required to launch an online casino in Malta is from 4 months. Malta gambling license fees and taxes depend on the type of permit.
2. Registering a company for online gambling in the USA
The US is a lucrative market for many online gambling companies. No wonder, that the world of gambling and slots is always developing and gaining popularity, and companies like Slotamia create new and different exciting slots for potential players, such as arctic-themed slots, which are especially nice to play during the New Year holidays, cold and snow.
It is worth noting that the states do not recognize any other licenses than those issued directly in the USA. Individual states have the right to pass their own laws pertaining to the regulation of online casinos in America. But on the other hand, there are federal laws that apply to the entire jurisdiction and protect state rights.
Recently, many states have taken appropriate measures to establish regulation of the online gambling industry in the US. It should be taken into account that different states have their own peculiarities of regulating online gambling activities in the USA. For example, to get a license for online gambling in New Jersey, you need to cooperate with a local land-based casino. Meanwhile, this state was one of the first states where local governments legalized online casinos.
A state like Illinois updated its gambling laws a few years ago. Because of this, it is possible to register a company for online sports betting in Illinois.
3. Registering a company under iGaming in Canada (Kahnawake)
By far, this jurisdiction is the most established gambling jurisdiction among Canadian states. The main advantages of obtaining a license for online gambling in Kahnawake are:
- good reputation;
- flexible legislation;
- there is an opportunity to attract foreign players;
- more types of currencies are allowed for conversion;
- no gambling tax;
- the processing time for an online gambling license in Kahnawake from 4 weeks.
4. Registering an iGaming company in Australia
As mentioned earlier, gambling is a super popular niche for development in 2023-2024. Many people do not just play in casinos, but also read relevant blogs, and are interested in new trends, which has created the need for various professions, such as gaming article writers. Vitaliy Klymenko, Editor In Chief in Slotamia says that it is necessary to give people more useful information to develop fair play. Consequently, many people are interested in how the world of gambling works in different countries and its legalities. So, how about Australia? Gambling is very popular in this jurisdiction. The gambling business is completely legal, but there are certain rules regulating online casinos in Australia. The country’s leadership has developed quite strict laws to protect the rights of its citizens and replenish the budget through taxes from gambling activities.
An important factor to consider for those who plan to order a gambling license in Australia, is the presence of regulators responsible for regulating gambling activities in the various states of Australia. Taxation of gambling operators in this state differs from state to state. It is worth noting that the country’s budget by 15% consists of duties on casinos. Moreover, due to the developed market of online gambling services, Australian licenses are recognized by many global jurisdictions.
5. Setting up a company to provide gambling services in Macau
If you want to register a company for gambling in China, you should consider Macau. It is the second special administrative region of the People’s Republic of China, located west of Hong Kong. Because it is the only jurisdiction of Chinese sovereignty with legal gambling, Macau attracts most visitors from Chinese jurisdictions, including mainland China, Hong Kong, and Taiwan.
The Gambling Inspection and Coordination Bureau (DICJ) regulates online gambling in Macau. The DICJ has the power to issue and suspend licenses if the licensee fails to comply with the legal and contractual obligations set out in the contracts. The regulator has now issued a ban on any foreign gambling providers obtaining online gambling licenses in Macau, so they can offer remote services from the jurisdiction.
The gambling industry has become a major source of tax revenue for Macau and has opened up employment opportunities for residents. Meanwhile, the gambling industry of this jurisdiction may face increased competition in the region. The Japanese parliament passed legislation to legalize and regulate casinos in Japan.
8. Obtaining a gaming license in the UAE
Most forms of gambling are illegal in the UAE. This is because the Emirates is an Islamic country, and according to the Quran, such activities are prosecuted. However, online gambling is still popular in the Arab Emirates.
The United Arab Emirates has its own rather strict conditions for the operation of online gambling, which may be very different from the provisions in countries popular for iGaming (mentioned in this article).
Operators have the opportunity to start an online casino business in the UAE. The largest gambling emirate is Dubai. When planning to get an iGaming license in the UAE in the Dubai Emirate, note that you cannot play with the official currency (dirhams), so a common way to deposit and withdraw funds is to bet in dollars.
Final Thoughts
Internet gambling is one of the world’s fastest-growing and most profitable businesses. Every online application and platform operator must develop and offer products tailored to a specific jurisdiction. When launching a startup project in the iGaming industry, it is necessary to consider such aspects as obtaining an online gambling license, payment solutions, and mechanisms specifically designed for a particular market.