Professional players register with licensed online casinos that operate legally. In this case, winnings are most often withdrawn within the time frame specified in the user agreement. Information about the virtual halls themselves is available at Wikipedia. Licensing conditions depend on the jurisdiction (Curacao, Maine, Gibraltar, Malta, UK).
In the first case, there is a 0% corporate tax in the Caribbean island. Gibraltar is one of the attractive jurisdictions because of the low deductions. The fee is payable once (when opening a gambling establishment). The UK is a robust regulator where licenses are issued by the UKGC.
Each of them is only suitable for one type of activity. For example, sports betting. Malta is considered to be the most reliable place to issue a license. Its validity is verified by reference number.
Need for Authorisation Documents
The situation regarding virtual halls is ambiguous. There are four options.
- Completely banned.
- Allowed only in the country.
- Activities are limited.
- No restrictions.
Before launching, you need to start a company that meets the requirements of the regulator. It can be local or worldwide. A document confirming legitimate activity is issued after an inspection. Which halls can I play at without worrying about withdrawing my winnings? There is information about that in the article.
Examples of Licensed Casinos in Australia
There are examples of virtual casinos that operate legally. The best online casino in Australia or best UK online casinos have information for residents of a country where operators’ conditions are tightened every year. Such sites are used to place bets for real money. Only adult citizens may register. Laws are published for the convenience of users.
At the beginning of 2018, the Two Up casino Australia website appeared, featuring a pleasant graphic design. The VIP program and promotions are designed for residents. After registering, new players can test demos. There is a welcome bonus. It is licensed by the regulator on the island of Curacao.
There are two types of license – domestic and international. The first gives the operator the right to conduct business in one country. The second allows the operator to work in several markets. Information needs to be specified that concerns software providers. Who will regulate the activity?
On the website, the number of the license and the name of the organization that issued it. It is possible to publish reviews about the activities of the gambling establishment. Thanks to them, newcomers will immediately assess the advantages and disadvantages of the hall. The first ones include the loyalty programme directions (bonuses, welcome bonus, points, other privileges). Elite status can be confirmed through VIP offers.
How to Register a Virtual Casino
An online casino is set up in three stages. They are listed in the table.
|1||Choice of jurisdiction
|It must be stable economically and politically. Regulator requirements, cost of service and business, laws and taxation are taken into account.|
|2||Company registration||It takes into consideration the legal framework that applies to a part of the territory or the whole country.|
|3||Obtaining a license||An application for a gaming license is written.|
The package of documents includes:
- certificate of registration and a copy of it;
- a business plan for three years or more;
- proof of financial solvency;
- declarations and information about the site;
- proof of trustworthiness of the owners;
- bank account number.
The cost of processing authorisations depends on the issuing jurisdiction. In countries that are part of the European Union, you will have to pay from 150,000 EUR. In Costa Rica, it is 20,000.
What should a business plan look like? On its pages set out the purpose of the project. It describes the structure of the company and gives information about the shareholders. The strategy according to which the staff is hired is published. The drafters should have an understanding of the target audience.
The market is analyzed. You need to determine the financial components, calculate projected profits. It is advisable to select the payment systems which will be used for the financial transactions. Think about marketing strategies. A qualitative risk analysis is carried out and information about it should be in the text.
Requirements for the Official Website
When submitting documents, you may include information on the creator of the official website. The latter has a number of requirements. For example, a simple and clear registration system for new users. It should be possible for visitors to choose the game of their preference. Categories may include:
An important consideration is protection against the actions of potential fraudsters. It is desirable that SSL encryption protocols are used for transactions. Another nuance is the technical support service. The more ways of contacting the operators on duty, the better. If they speak more than one language, site owners can greatly increase the geography of the site.
When the website is designed, a domain name is purchased. An alternative action is to develop the server or software yourself. In the latter case, it is necessary to hire specialists. For example, programmers. Once permits are obtained and the site is up and running, an advertising campaign is carried out to attract players.
Virtual casinos are checked for compliance with established laws and regulations before a license is granted. A website is created, which must meet certain requirements. A list of documents is submitted to the regulatory authorities. A sample list is available in the article.
Information about casino games is even published on CNN news. The page has information about the residents of China. The latter are visiting the Philippines because of the gambling ban (it does not apply to the jurisdiction of Macau). In this country, territorial restrictions are kept to a minimum.
Image by Stefan Schweihofer from Pixabay
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