How to license a Cryptocurrency casino

If you are involved with cryptocurrency casinos, chances are, you have wondered How to license a Cryptocurrency casino?

About cryptocurrency

The creation of cryptocurrency and digital currency has revolutionised online gambling. The first digital currency was introduced in 2008 and today there are over 1500 different crypto currencies and growing. Bitcoin is the most popular and the first. There are a number of online casinos that accept digital currency, therefore knowing what qualities to expect from good Crypto Casino’s is important.

Here are a few qualities to consider:

  1. Fast deposits and withdrawal: All crypto currencies boast a fast deposit and withdrawal speed, these transactions should be done in a few minutes.
  2. Transaction fees: These are much smaller when depositing and withdrawing cryptocurrency.
  3. Anonymity: Usually only your email address is required. This anonymity also allows users, located in countries where online gambling is forbidden, to access and play at online casinos.
  4. Verifiable game results: Via provably fair protocols – numerous crypto casinos offer a provably fair feature, which users can utilize in order to verify whether their roll is authentic or has been tampered with. This provably fair system guarantees fairness of games. The transparency of blockchain can also be used to further prove fairness.
  5. Higher pay outs: Any high quality crypto casino will offer high pay outs across all games.
  6. Lucrative Offers: Be on the lookout for welcome bonuses and in-house game promotions. Loyal Bitcoin gamers may also qualify for exclusive VIP reward systems where they are handsomely rewarded.

Cryptocurrency casino checklist

  1. Proper licensing from a recognized gaming jurisdiction.
  2. 24 hour customer support in case of any queries.

Are cryptocurrency casinos legal?

The big question on many minds – is cryptocurrency gambling legal? The short answer is currently, yes. As it isn’t an official currency, ‘playing’ with it doesn’t differ much from playing with any other virtual currency. In addition, if you have acquired your cryptocurrency anonymously then it becomes almost impossible to ban, restrict, or regulate. We wrote an article on Bitcoin casino licensing which should give you some more insight.

How to license a cryptocurrency casino?

A cryptocurrency casino is licensed no differently than a normal casino. There are certain restrictions that may be put in place, for instance, Curacao licensed casinos can not act as a type of exchange or financial services entity and for this reason, if they accept Bitcoin, they must not convert this into any other currency. This can easily be circumvented by using a third party PSP who does the exchange for you.

Why license your cryptocurrency venture?

We speak with prospective casino owners on a day to day basis and it is a common question as to the point of licensing a pure crypto casino. One of the many reasons is accountability. A licensed casino is required to adhere to certain rules and regulations as enforced by the jurisdiction in which it works. This may be to ensure that games are fair or to have enough funds to payout players. Another reason is that by licensing under a jurisdiction, you are protected from third party law suits who may claim (right or wrong) that you are operating your cryptocurrency illegally.

How to get started?

When considering licensing your venture you may be interested in obtaining either a Malta gambling license or a Curacao gambling license. You also have an option to setup a white label type solution as well which is affordable.

GamblingTec.com can power your cryptocurrency casino

While regulations in most jurisdictions are still green, a time will come when games of skill will need to be regulated. In cases where they do, you are free to ingerate your games into the GamblingTec.com platform which operates off a gambling license.

For more information: licensing for game developers

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Cost of a Malta gaming license for your casino

So you are looking for a Maltese gambling licesne. This document goes over the costs and processes in order to obtain the license.

NOTICE

Malta is not the cheapest jurisdiction to obtain a casino license in, if you are looking for a more affordable license then we suggest taking a look at a Curacao gambling license which is better suited to tighter budgets.

Why Malta?

Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.

What this document covers

This document covers the end to end application process with the Malta Gaming Authority (“MGA”) as well as an overview of the related prices for the setup and the maintenance of a gambling company in Malta.

  1. Malta Gaming Authority (MGA) license types
  2. Malta gambling license application process
  3. Malta Gaming Authority fees
  4. Gaming Tax as Applicable by the MGA
  5. Share Capital Requirements
  6. Administration services
  7. Key official Services
  8. On-going operation
  9. Financial Audit
  10. How long does it take to get the Malta gambling license

Malta Gaming Authority license types

The Malta Gaming Authority offers four types of remote gaming licenses:

  • Class 1 – a remote gaming licence (examples of Class 1 licences would include casino-type games and online lotteries) whereby operators manage their own risk on repetitive games. It is also possible to have a Class 1 on 4 licence whereby the Class 1 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
  • Class 2 – a remote betting licence (an example of a Class 2 licence would include fixed-odds betting) whereby operators manage their own risk on events based on a matchbook. It is possible to have a Class 2 on 4 licence whereby the Class 2 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
  • Class 3 – a licence to promote and/or abet remote gaming in or from Malta (an example of a Class 3 licence would include poker rooms and peer-to-peer (P2P) gaming). It is also possible to have a Class 3 on 4 licence whereby the Class 3 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
  • Class 4 – a licence to host and manage remote gaming operators, excluding the licensee itself, whereby software vendors provide management and hosting facilities on their platform. In essence this is a business to business (B2B) gaming licence.

Malta gambling license application process

In order to prevent any unnecessary delays in the process, our clients will undergo a pre-application process together with the Malta Gaming Authority (MGA). This will ensure the quality of the application and will be followed by the actual application process that consists of a number of steps:

  1. 1) The MGA will conduct a fit and proper exercise by assessing all information related to those involved in financing and management and on the business viability of the operation. In addition the MGA conducts integrity investigations with national and international regulatory bodies and law enforcement agencies.
  2. 2) The MGA conducts an in depth financial analysis of the applicant’s business plan. It is expected to include a detailed forecast of the operation together with details pertaining to marketing and distribution strategies, HR planning, and growth targets.
  3. 3) Operational and Statutory – The applicant is examined on the instruments required to conduct the business. This process includes examining the Company’s incorporation documents, the games, the business processes related to conducting the remote games, the rules, terms, conditions, and procedures of the games, the application architecture, and the system architecture.
  4. 4) The MGA will inform the applicant that the application was successful and will invite the applicant to implement onto a technical environment in preparation for going live. 60 days are allowed for the applicant to complete such operation. Within those 60 days, the applicant may request an external systems audit where the live environment will be examined against the proposed application. Once the certification process is completed, a five-year license will be issued by the MGA.
  5. 5) Once the licence is issued, an independent third party will be contracted by the MGA to perform a number of compliance audits of the licensees operation throughout the first and the third year of operation.

Malta Gaming Authority fees

Description Fee
Fee for a new licence of any class €5,000.00
Application fee for the renewal of any class €5,000.00
Systems Audit €2,500.00
Compliance Audit €3,500.00

Annual licence fee

The annual license fee is paid to the MGA, previously this was a fixed fee for any class however as of 2018 this fee is changing as follows.

For a class 1, 2 or 3 license the annual fixed MGA fee is €25,000 and for a class 4 license €10,000. If a licensee has multiple classes of licenses (1, 2 or 3) the annual combined fixed fee is calculated on Gross Gaming Revenue:

Revenue Fee
Fee for a new licence of any class €5,000.00
-5Mln EUR €25,000.00
5mln – 10mln EUR €30,000.00
+ 10mln EUR €35,000.00

Compliance contribution

The MGA has introduced this new fee which is based on Grosse Gaming Revenue and has minimal annual contributions which differ per class:

Class 1: Annual Compliance contribution – Minimal fee €15.000, Max €375.000 Rate
For every euro of the first €3,000,000 1.25%
For every euro of the next €4,500,000 1.00%
For every euro of the next €5,000,000 0.85%
For every euro of the next €7,500,000 0.70%
For every euro of the next €10,000,000 0.55%
For every euro of the remainder 0.40%
Class 2: Annual Compliance contribution – Minimal fee €25.000, Max €600.000 Rate
For every euro of the first €3,000,000 4.00%
For every euro of the next €4,500,000 3.00%
For every euro of the next €5,000,000 2.00%
For every euro of the next €7,500,000 1.00%
For every euro of the next €10,000,000 0.80%
For every euro of the next €10,000,000 0.60%
For every euro of the remainder 0.40%
Class 3: Annual Compliance contribution – Minimal fee €25.000, Max €500.000 Rate
For every euro of the first €2,000,000 4.00%
For every euro of the next €3,000,000 3.00%
For every euro of the next €5,000,000 2.00%
For every euro of the next €5,000,000 1.00%
For every euro of the next €5,000,000 0.80%
For every euro of the next €10,000,000 0.60%
For every euro of the remainder 0.40%
Class 4: Annual Compliance contribution – Minimal fee €5.000, Max €500.000 Rate
For every euro of the first €2,000,000 0.50%
For every euro of the next €3,000,000 0.75%
For every euro of the next €5,000,000 1.00%
For every euro of the next €5,000,000 1.25%
For every euro of the next €5,000,000 1.50%
For every euro of the next €10,000,000 1.75%
For every euro of the remainder 2.00%

Gaming Tax as Applicable by the MGA

  1. Class 1 – €4,660.00 per month for the first six months and €7,000.00 per subsequent month;
  2. Class 1 on 4 – €1,200.00 per month;
  3. Class 2 – 0.5% on the gross amount of all bets accepted;
  4. Class 3 and Class 3 on 4 – 5% of real income;
  5. Class 4 – No Tax levied for the first six months of operation, €2,330.00 per month for the subsequent six months, and €4,660.00 per subsequent month for the entire duration of the licence

Share Capital Requirements

When incorporating the company on Malta, the MGA requires that companies operating a class 1 or 2 license have a share capital of €100.000. For class 3 or 4 license holders this amount is €40.000. Companies applying for multiple licenses amounts will be cumulative.

An idea of corporate setup fees for a Maltese gambling company

Description Fee
Incorporation Fee (This includes name reservation, customer due diligence process, M&As, Share Register, VAT application, income tax application, excl. MFSA Registration Fee) €1,200.00 – €2,000.00
Registered office (optional) €500 – €1000.00
Corporate Director (optional) €1,000.00 – €2,000.00
Company Secretary €500 – €750
Annual Compliance (KYC) Maintenance €250 – €500
Management Fee Package €3,000.00 – €5,000.00
Assistance opening a bank account €1,000.00 – €2,000.00

Administration services

Description
Book Keeping
Legal Administration
The legal and financial administrational services will be charged against the applicable hourly rates which may vary from €60 to €250 per hour, depending on the experience of the employee involved.

The above fees are per class of license.

Typically the fees will include assistance with the drafting of the business plan, financial prognosis, and system documentation.

Key official Services

A Key Official is a natural person, approved and licensed by the MGA to act as a main point of contact towards the said authority on behalf of the gaming company licensed in Malta. Key Official services cost on average €1,000 per month. This will also include the preparation and submission of the player liability reports of the company, gaming tax reports, the quarterly returns, completion of any other returns due by the company (such as questionnaires/consultation papers) to the MGA amongst other duties generally incumbent upon directors by application of the law.

On-going operations

If preferred a service provider can assist with the on-going daily financial and legal matters of the company. The type of service will depend on your personal preferences and below is an example of the services a gaming company may expect to be made available to them:

  • Filing of the annual returns
  • Preparing and processing bank transactions
  • Preparation of bookkeeping and related annual financial statements
  • Company VAT(quarterly), annual tax and tax refund filings
  • Payroll services
  • Mini One Stop Shop (Moss) VAT compliance
  • Preparation of dividend warrants
  • Certification of documents
  • Legal administration (e.g. drafting/reviewing contracts or agreements)
  • Liaising with the auditors
  • Residency applications and opening of bank accounts for employees

We would recommend negotiating fixed monthly fees to cover the above services allowing you to budget appropriately.

Financial Audit

Audit fees (external auditor) start at €1,500. The actual fee highly depends on the amount of activities within the company.

How long does it take to get the license?

The time frame for the application of an iGaming licence to be processed by the MGA ranges between 4 to 6 months depending on the timely and complete provision of the documentation required.

Please be aware that Malta has a VAT rate of 18% which is not included in our cost estimates.

Where can a Malta Gambling license be used?

Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries.

It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Some European countries are barred too: France, Spain, Italy, Portugal, Austria, Belgium, the Czech Republic, Slovenia, Lithuania, Estonia, and Denmark.

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How to license my gambling app

So you have developed an iOS gambling app for the app store and you are now wondering how on earth you are going to license it?

Do I need a gambling license for my app?

According to the app store, you do:

5.3.4 Apps that offer real money gaming (e.g. sports betting, poker, casino games, horse racing) or lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store. Illegal gambling aids, including card counters, are not permitted on the App Store. Lottery apps must have consideration, chance, and a prize.

How do I license my game for online gambling?

Essentially you have three options:

  1. Apply for a gambling license in a relevant jurisdiction
  2. Apply for a white label from an existing gambling company
  3. Use a gambling games licensing service provider

We have written about costs of setting up a gambling license which you can find here: costs of a Curacao license to get an idea of what you will be spending.

To obtain a white label, you would need to find a company willing to offer this to you. It comes with certain criteria such as handing over your domain name (where applicable) and payments being settled to the whitelabel holder.

The last option is likely the best option which is to use a Gambling Games service provider. This is basically a company with pre-existing licensing, payments, etc. who offers licensing as a service. All you do is integrate your app into their API and you are ready to do.

There are some pre-requisites such as having your game tested for fairness and RNG certification to deal with however these are relatively simple to get done. We work with GamblingTec.com who offers gambling licensing as a service to game developers

Need more information?

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Bitcoin Casino Licensing

We help our clients with their Bitcoin casino licensing needs. If you own a Bitcoin casino or want to start one, then look no further, we can help you with your bitcoin casino licensing requirements as well as bitcoin hosting and related technical needs.

About bitcoin casino licensing

There is no difference between a traditional gambling license, for fiat currency casinos, and a license for a Bitcoin casino. What differs is the operation of the casino. With a traditional casino, you need your license to get a bank account, credit card processing, e-wallets etc. Without the license, financial institutions are not going to work with you.

We work with two jurisdictions for licensing, Malta and Curacao. Curacao is more an entry level gambling license which companies use for secondary markets and Malta is more a “blue chip” type license used to target Europe. Bring your Gold bars if you want a Maltese gambling license for your Bitcoin casino.

Do I need a Bitcoin casino license?

If you want to offer your clients security that you are a legitimate company, then yes you do need licensing.

If however you genuinely can not afford to get a license then perhaps look at partnering with GamblingTec.com which is a company working with small start up casino operations.

If GamblingTec.com is out of your budget then at the very least host your casino in a gambling friendly casino as you will be asking for trouble otherwise.

We have heard the arguments that Traditional casinos are controlled via banking relationships which is governed by the gambling license. Casinos that are not licensed can not accept payments as the banks will either freeze funds or refuse to move those funds. Clearly with Bitcoin based casinos, this is not an issue since Bitcoin is decentralised so you can run a casino without a license and there is not much that any authority can do to stop you. Will customers use your casino over someone elses? Some will and some wont…

Curacao legislation fully supports Bitcoin casinos with a few provisions one of which is that you may not act as a cryptocurrency exchange. So if a client deposits Bitcoin, they must play their games in Bitcoin.

What does Bitcoin casino license cost?

We have answered this question in detail for the two jurisdictions we work with, please read this post on Curacao gambling licensing costs, and Malta gambling licensing costs.

To provide a very brief answer. For Curacao you will spend around €30k in your first year. And for Malta, a LOT more.

Get in touch to discuss your Bitcoin casino licensing needs

We have extensive experience with licensing and company structures. It costs you nothing to start a conversation over Skpe of Email. In a single conversation we can advise you on all the options (we have heard them all and can support most of them).

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Cheap gambling license

Cheap gambling license

Is Costa Rica a good place for a cheap gambling license?

The cheapest license, which allows entrepreneurs to run a casino, is granted by Costa Rica. However this jurisdiction issues a Data Processing License and not an actual “Gambling license”. While this may at first appear to be a “cheap gambling license” option, this is a contentious point.

The problem with the Costa Rica gambling license is its reputation. While banks and payment solutions do provide services to Costa Rica based gambling companies,
they will be far and few between. The impact of this on your business will be unstable banking relationships, hard to find card processor and e-wallet solutions and
international pressude and legislation that will slowly get in your way. In our opinion, cheap is not neccessarily better.

Is Curacao a good place for a cheap Gambling License?

Curacao is an offshore zone and is a respected jurisdiction by the gambling community. We have written a number of articles on Curacao gambling licenses which we would encourage you to read. In addition to this take the time to read our article on the cost of a Curacao gambling license.

In our opinion, this is the best location to get a cheap gambling license. But be warned, there is no such thing as “cheap” as this is a highly regulated business that will demand that you comply with local and international laws.

If however you are looking for an alternative or a specialised service, we would encourage you to take a look at GamblingTec.com which offers a platform as a service which you can use to license your casino or game or unique gaming idea.

You can find further comments on cheap gambling licenses here: Quora – Cheap Gambling License

How to get your cheap gambling license?

Feel free to get in touch with us and we will happily help you along with your decision making process!

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Curacao Gambling License

Curacao Gambling License

About us

We are specialists in Curacao Gambling Licensing and offerings and have been working in the Curacao space since 2006. Our activities include webhosting services to online casinos, assisting clients with their curacao gambling license, corporate structures as well as affordable hybrid licensing solutions. Additionally we write gambling related software building games and other solutions for our clients.

An affordable license

If you want to start an online casino and are looking for an affordable gambling license, then the Curacao license is likely for you. Curacao offers a single license that takes care of lottery, casino, sports betting and other types of betting/casino games. Legislation is easy to understand and legal structures are relatively simple.

We believe a Curacao Gambling License is the a good license for start up casinos since it is realtively simple and straightforward to obtain with little bureaucracy involved or complicated legislation to get your head around. Not only that, it is affordable and widely accepted.

To obtain your license you will require a Curacao E-Zone Company which comes with tax benefits and other incentives. We have written a detailed article on the costs of a Curaca gambling license.

Once you have your Curacao Gambling License, you are free to obtain additional licensing in order to widen your reach into regulated markets and we can help you with this.

Who can use a curacao gambling license?

A curacao gambling license can be used for any type of betting or casino environment including but not limited to:

  • Bitcoin casinos
  • Ethereum casinos
  • NEO casinos
  • Cryptocurrency casinos

The license is used by a variety of business types from the usual casino games, sports betting, lotteries as well as by game development companies who want to RND certain games under an affordable license.

Get in touch to get your Curacao gambling license

We have a comprehensive flyer outlining costs and processes you need to follow to get your license. We can answer any questions you may have relating to a license, hosting, jurisdictions, best companies to work with, companies to avoid, how to obtain processing and which banks to work with.

Contact us via our support desk for more information, we also offer a free gambling license consulation service should you wish to arrange a meeting.

On a budget?

As mentioned in the document above, some companies require a cheap gambling licensing solution in order to trial new casino games and concepts. We can offer a hybrid licensing service through our GamblingTec.com platform which may meet your needs. Get in touch for more information.

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How to get a gambling license in South Africa

Gambling license in South Africa

So you are from South African and looking to get a gambling license in order to start your online casino, poker room, lottery website bingo room, or sports book! You may even have a game of your own design that you would like to get licensed in order to offer to your customers.

South African Gambling License

Gambling in South Africa is highly regulated and in order for local business to obtain a license they need to apply with their provinces gambling and racing board (national gaming board). The process is relatively straight forward.

Here are the local application forms to apply with the Western Cape Government.

International Gambling License

You may be a local South African company with a pre-existing gambling license and looking to offer your services abroad. This is something you can do and it is relatively simple to do.

Curacao Gambling License for South Africans

A curacao based gambling license is perfect for your business if you wish to offer services abroad. The license is regulated by the Governmnet of Curacao and is accepted by all banks and payment service providers.

We work with the local authority assisting our clients with their gambling license needs, contact us for more information!

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Cost of a gambling license in Curacao

Overview

So you have been wondering how to get a gaming license? You may have looked at more traditional jurisdictions such as the UK or Malta however the gaming license cost is a significant factor in your decision making process and a remote gaming license from Curacao is looking like an affordable option.

Your local gambling commission license requirements may be too onerous for your needs or simply too expensive. You want an online gambling license to service your immediate needs and at the right price.

A Curacao gaming license is probably your most affordable option to get your casino, poker, bingo, sports book, lottery or raffle licensed and online! It is more affordable than a Malta gaming license and less bureaucratic. In addition to this, Curacao corporate structures offer low tax incentives and offer great legal protection.

Further to the above, Bitcoin and cryptocurrency casinos are chosing to license in Curacao as the jurisdiction offers flexible and cost effective sublicensing opportunities such as the great licensing offer by GamblingTec.com.

Word of warning

Some of our readers point out that a costa rica gambling license is considered a “cheap gambling license”. Be warned, it is not an actual gaming license but rather a data license. More often than not, financial institutions will not work with an entity using this for their gaming licensing purposes.

What we cover

Curacao is possibly the most affordable offshore gambling jurisdiction to be licensed in and comes with significant tax incentives. The purpose of this document is to answer the following questions:

  1. Who issues Curacao sublicenses?
  2. How do you obtain the gambling/casino license?
  3. How much will the gambling license cost?
  4. How long does it take to get the gambling license?
  5. What casino businesses can I operate with the license?
  6. Where will the gambling license be valid?
  7. What taxes will I need to pay?
  8. How to apply for a Curacao gambling license?
  9. Can a foreign company apply for a Curacao gambling license?
  10. What are the pros and cons of a Curacao gambling license?

Who issues Curacao sublicenses?

The Justice Minister of Curacao has sole discretion in granting online gambling Licences, which are issued by the Governor General of Curacao. Since 1996 there have been four Master Licences awarded; respective holders are:

  1. Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ
  2. Gaming Curacao (GC) #365/JAZ
  3. Curacao Interactive Licensing N.V. (CIL) #5536/JAZ
  4. Antillephone NV #8048/JAZ

A Master Licence holder may grant Sublicences to online casinos and other gambling sites. Sublicensees are entitled to the full privileges granted to the Master Licence holder, with the exception that they may not issue Sublicences of their own. A single Licence covers games of skill, chance, and wagering as well as all related peripheral activities such as software providers, service providers, network operators, platform operators, affiliates, marketers and white-label operators.

Steps to get your Curacao gambling license

In order to obtain the Curacao gambling license, you will need to go through an eGaming application process. The process is quick, so long as you have all the required documents in place.

  1. Incorporate a Curacao company with e-zone status (only local companies can apply for gambling licenses)
  2. The Curacao company will apply for a sublicense from a Master License holder
  3. Purchase hardware and sign up with local hosting (you are required to own physical hardware on the island)
  4. Apply for company bank accounts (even if you plan to a run a Bitcoin casino, you still need to pay your bills using traditional currency)
  5. Apply for e-wallets, Psps etc. (you will need reliable processors)

NOTE: Due to PE (Permanent Establishment rules) hardware is required to be owned on the island with the minimum requirement being that you host your client database on that server. This is something we can help you with and have reliable and resiliant solutions for your needs.

How much will a Curacao gambling license cost?

The following are cost “estimates” only and should not be seen as some form of “Quote”. While we have tried to keep this information as up to date as possible, prices do change especially when considering the legal burdens, due diligence when processing gambling license applicatioins.

Incorporation and management costs

You will be working with a local management company who will take care of filings and general administration requirements. They will also be responsible for setting up your e-zone company and applying for your gambling license.

  1. EUR5500 – EUR6500 one-time Incorporation fee
  2. EUR3250 – EUR5250 annual management fee
  3. EUR200 monthly administration costs (varies)

You can spend anything from EUR14000 – EUR24,000 in your first year.

Licensing costs

Licensing fees for the online gaming (sub)license are:

  1. EUR4500 (annual) license fee (costs vary between providers and we will make sure you get the best deal)
  2. EUR1000 – (one-time) application fee
  3. EUR250 – e-zone application and yearly fee

Hardware costs

You are required to own hardware on the island in order to satisfy the permanent establishment requirement (PE). This is not as difficult as you may at first imagine and we can help you with finding a second hand machine pre-existing on the island or having one flown in. If you work with us for your hosting needs, we will provide you with a shared hosting account, a VPS server all linked up to your hardware.

  1. Server cost: EUR1200
  2. Hosting costs: EUR5400/annum (with us)

You are also free to host with the local data center, however this is not a managed environment and does not come with cloud and shared hosting options as part of the deal.

How long does does it take to get the gambling licensing?

It should not take more than three weeks and on condition you have all your paperwork in place.

What casino businesses can I operate under a Curacao license?

Curacao has one license which covers all genre of gaming.

  • Betting, Sports Betting, Sports Books
  • Casino Games, Video Bingo, Video Slots, Slot Machines, Video Poker
  • Table games, Poker and other card games
  • Lotteries, Raffles
  • Games of Skill, Rummy, arguably Poker, Back Gammon, Certain board games etc.

Games of skill

It is worth mentioning games of skill as this is often a contetious issue. Often operators attempt to classify their games as a game of skill in order to avoide getting a gambling license. While in some cases this may be true, the ultimate acid test is whether the banks will offer merchant processing to your gameor not. A good blue print is to take a look at the Malta controlled skill game regulations to better understand your games designation.

Where is a Curacao gambling license valid?

The Curacao license can be legally used in any jurisdiction other than the following where it is expressly forbidden: Aruba, Bonaire, Curacao, France, The Netherlands, Saba, Statia, St. Maarten, Singapore, USA…

While Curacao licensed gambling operators are legislated from operating in the above countries, this does not mean your Curacao casino will be accepted in all other jurisdictions. Each jurisdiction has its own set of rules which will limit your ability to operate under the license. For instance, you may be prevented from using local payment solutions, or advertising your business without being able to provide a valid local license. Your current PSPs may soft block those regions and interbank networks may refuse to process wire transfers.

For a more detailed analysis of where the license can be used we have compiled a post, which is a work in progress, on where the Curacao gambling license can be used.

What taxes will I need to pay with my Curacao Gambling License?

E-Zone companies pay 2% tax.

How do I get a Curacao gambling license?

Curacao is certainly the cheapest jurisdiction for your gambling license and we are here to help you with the application process. We are also available, at no cost, to assist you with your needs over skype or email.

Contact us for more information or request a free consultation.

Can a foreign company apply for a Curacao gambling license?

It is possible and completely feasable for a foreign company to obtain a Curacao gambling license.

A foreign company cannot apply for a sublicesne directly from a master license holder, instead, they must apply through an existing licensed Curacao company. Traditionally this method is used allonogside a white label turnkey casino solution, however, with the advent of cryptocurrency and blockchain casinos, this is becoming a convenient way to obtain a gambling license withouth having to manage an expensive Curacao company.

When sublicensing, the company managing your license will be listed as the responsible party linked to your license and it is in their best interest to make sure your casino follows the rules and regulations. There are some tradeoffs such as your domain name needing to be under their control and hosting of your casino needing to be in Curacao. If you are running a cryptocurrency casino, additional regulations will apply.

What are the pros and cons of a Curacao gambling license?

The pros of a Curacao gambling license relate to lower costs to obtain, offers a simple application process and is an all inclusive license (you can offer sports betting and casino games on the smae license).

The cons of the license are lower standards when compared to a jurisdiction such as Malta, a hands off approach to disputes, difficult to market in some jurisdictions and it can be difficult to obtain a bank account and processing.

Alternative casino gambling license options:

If you are on a tight budget, we recommend taking a look at www.gamblingtec.com.

GamblingTec.com offers a variety of licensing opportunities from licensing through your own Curacao company to obtaining a sublicense through a third party Curacao company.

Additionally, GamblingTec.com offers a type of turnkey licensing platform and works with game developers and start up casino operators. Game developers integrate their games into the licensed platform and operators offer those games via uniquely branded (and licensed) websites/applications which are integrated into its wallet solution.

This is by far the best entry level option available to you. Your GamblingTec casino can be converted into a stand alone licensed environment at a later date which is very convenient.

I have years of experience with gambling hosting, casino games, Curacao licensing and online casinos

FURTHER INFORMATION ON CURACAO GAMBLING LICENSES

We wrote an article on Curacao Gambling License which may be of interest to you should you be looking for further information.