Is a betting shop required to be licensed? A question of interest to anyone looking to run a business in the entertainment industry.
At first glance, it may seem to some that betting does not require a licence. What is this business? Let’s find out together.
A gambling licence can be a separate licence or be part of a block of permits for a universal licence. Some 80 countries around the world currently offer gambling licences. When choosing a jurisdiction, it is advisable to consider the following factors:
Among the offshore zones offering gambling licensing, the following jurisdictions are highly popular:
Is it possible to run a betting and betting shop without a licence? It is much easier to organise such activities not from scratch, but by franchising. There are quite a number of partnership programmes for cooperation in this format on the web today.
Both parties benefit. The parent company receives a partial compensation of the expenses incurred in obtaining the permits for the activities of a betting and totalizator. Also, the franchise becomes an additional source of income.
The owner of the subsidiary company gets rid of the need to go through a complicated licensing procedure, record keeping, etc. He has a fully ready-to-go resource at his disposal. It is the best option for beginners.
Looking for a profitable franchise? Trying to start a business on your own and need help choosing a jurisdiction? Contact B2bslots for advice. With us you are guaranteed a fast and successful start in any kind of gambling business!
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