So, the decision to open one’s own online casino immediately poses the entrepreneur with the difficult task of gambling licensing. Russian entrepreneurs face serious difficulties at this stage. They are connected with the peculiarities of the current legislation.
Russia has a law on gambling licensing, and severe restrictions on the organisation of gambling and casino operations. Their work is only allowed in specially designated areas, and online casinos are completely prohibited. Therefore, licensing of online gambling business in the Russian Federation is not possible.
The similar situation is observed in a number of other post-Soviet countries. A ban on gambling is in place in Belarus, Ukraine, etc. However, all these prohibitions have not made gamblers less gambling, and entrepreneurs – less enterprising. The alternative has been to license gambling businesses in offshore zones.
The list of jurisdictions offering gambling licensing is around 80 countries. The conditions of the procedure may vary considerably in terms of complexity, cost and duration. Therefore, the key for the entrepreneur is to choose the best jurisdiction.
The choice should take into account:
By far the most popular jurisdictions include: Curacao, Malta, Isle of Man, Costa Rica, Alderney and others.
The logical question that arises in every entrepreneur who has decided to open an online casino, why do you need a gambling license. Is it possible to do without a license for online casino?
So, let’s answer the first question and briefly mention the advantages of gambling licensing:
You can get advice on jurisdiction selection and assistance in obtaining a gaming licence from the experts at B2bslots. We have the lowest prices and guaranteed quality services.
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