Online Gambling License Cost
2021年1月20日Register here: http://gg.gg/nx94w
With online sports betting and gaming now legal in New Jersey, many businesses are seeking to jump into this flourishing industry. However, the regulations require that any company seeking to offer this kind of entertainment be associated with a land-based casino in the state, and that kind of association requires a specific legal status. Online casinos should pay 5% tax from net income while lottery organizers pay 18% from the income. Advantages of Estonian online casino license. An Estonian gaming license offers the following benefits to operators: relatively low taxes; licenses are valid for 20 years; entry into the European market. Malta Gaming Authority (Malta) imposes following a set of strict regulations, guidelines, and legislations that allow promoting online sportsbooks or casinos in the EU. Generally, MGA falls under the hard-to-get category of licenses. Still, with all the operating possibilities (across the EU), favourable costs/taxes, and high safety features, it is an attractive choice for many gambling operators. A licence must be applied for in advance of the proposed gambling event. Licensees are responsible for following the Licensed Charitable Gaming Rules (PDF) related to the gambling event and for using the proceeds to support the eligible programs as approved on the licence.
Curacao is one of the island that make up the Dutch Caribbean(formerly known as the Netherlands Antilles). It’s one of theoldest running online gambling regulators and as such is afairly well-known e-gaming regulator.
Any casino that displays the Curacao eGaming license on itswebsite has been through the initial investigation process andis regularly audited by Curacao authorities.Advantages of a Curacao eGaming License
Many gambling operators have chosen to make Curacao theirhome due to its favorable tax laws and relatively quick andinexpensive licensing procedure. Curacao charges a tax of just2% on net profits and does not put up massive barriers to entryfor potential operators. If you have the cash and a legitimatecasino, you’ll probably be approved.
The fees for a “master” gambling license in Curacao include a60,000 ANG (or about $34,000) setup fee and then 10,000 ANG(about $5,600) per month for the first two years. After that,the operator can negotiate with the government of Curacao forfees going forward.
Master license holders are allowed to grant sub-licenses toanyone. A sub-license comes with all the benefits of a masterlicense other than being able to lease out sub-licenses.However, the master license holder is responsible for allactivities of all sub-license holders.
There are a number of master license holders that offerpackages to new entrants in the gambling market. They offercomplete solutions including a sub-license, business license,hosting and other services for a fee that is often cheaper fornew entrants than trying to do it all alone.
Curacao is also attractive for the simplicity of its gamblinglaws. Only one license is needed for any type of gamblingoperation. It doesn’t matter if you run a casino, a sportsbook,or a website that does it all; one license is all that’s needed.
The process for getting a license in Curacao is significantlyeasier than dealing with the UK Gambling Commission or mostother licensing agencies in which there are multiple types oflicenses, fees that go into the hundreds of thousands of dollars,and application processes so complicated that lawyers must behired.
In addition to licensing and regulation, Curacao eGamingprovides technical and financial support for the online gamblingindustry. Some of these services include dedicated services,private cloud servers, international finance, and help with othermatters related to running an online casino.Disadvantages
The greatest disadvantage of a license from Curacao is thatit doesn’t have much meaning. Just about anyone serious aboutstarting a gambling site can afford the fees and make it throughthe initial investigation. As long as you have the cash and afair casino, you’re pretty much in.
Players are well aware that the licensing standards in placeslike Curacao don’t mean much compared to licenses from other,more discerning jurisdictions. Casinos licensed by Curacao havesuddenly gone rogue, stolen money, and disappeared. Curacao doesn’t intervene in disputes between players and operators. Fromthe player’s point of view, a license from Curacao ismeaningless.
Of course, there are plenty of safe and respectable gamblingsites licensed in Curacao. It’s a safe, legal place to establishan online casino. However, casinos located in Curacao must buildtheir own reputations the old-fashioned way. A license fromCuracao isn’t the quick ticket to trust.
If you do run into any trouble with their licensing or haveany specific questions that aren’t answered here you can contactthem any time. They make it pretty easy to get in touch withthem through phone or email. Also for more information on whatthey are all about you can visit their website as well. All oftheir information is below:
*Website:http://www.curacao-egaming.com/
*E-Mail:[email protected]
*Phone: +5999 465 1134Gambling license in South Africa
Gambling within South Africa was largely restricted for many years, dating back to around 1673. Almost all forms of gambling were officially banned in 1965 with the passing of the Gambling Act. Horse racing, which was still considered a sport for many years, was however still legal, and the only place where people could place bets. This ban on gambling meant many illegal casinos began to pop up. By 1995 there were an estimated 2000 illegal casinos within South Africa. Luckily, with the new democratic government in 1994, the ban on gambling was lifted with the National Gambling Act. By 1996 the first legally licensed casinos were established and a single national lottery was launched. The National Gambling Act was the start of a diverse gambling community within South Africa.Gambling and licensing
Gambling within SA is highly regulated and is done so by the National Gambling Board as well as the gambling board of each individual province.
The entire process of applying for a license is relatively straightforward. You can apply for a national or provincial license. A national license is generally for those applying as a manufacturer, supplier, maintenance supplier, or for those wanting to work within the gambling industry. A provincial license is simply valid within the single province in which it was issued and is better suited to and casinos or similar.
Both licenses may be applied for and issued through the provincial gambling boards and can be done by visiting the appropriate website (as listed below) and downloading the forms. The websites are quite easy to navigate and the entire application process will take anywhere between three months to a year.Cost of a South African Gambling License
The cost of applications varies from province to province. Here are two examples:
Western CapeCasino operator new license application fee: R 479 300.00Casino annual licensing fee: R 239 650.00Gambling employee fee (new application and yearly fee): R129Bookmaker new license application fee: R11 977Bookmaker annual licensing fee: R2403
North West ProvinceCasino operator new license application fee: R230 000Casino annual licensing fee: R 100 000Casino employee licence fee: R500Bookmaker new license application fee: R6000Bookmaker annual licensing fee: R5000
Other considerationsA big part of obtaining a South African gambling license is the probity process. This, in short, is a KYC process on steroids and will take up the majority of your time, effort, energy and money. Legal fees to complete this process can amount to hundreds of thousands of rands. While we understand the reason for the process, when compared to other jurisdictions such as the UK, Malta and Curacao, the same process is less bureaucratic and less authoritarian in their approach which is the reason why they have a much more vibrant and active gaming industry.Maintaining Your License
Licenses are generally valid for different time periods across the different provinces. To maintain your license you will need to pay a set yearly fee, as given in the above examples. Likewise, if you wish to work at another casino or to move the premises of your existing casino, then you will need to apply for such. Employee licenses are linked to the position which they hold with a specific operator. Every Gambling machine or device must also be registered in order to be considered legal.
National licensees will need to comply with the applicable provincial law within whichever provinces they are conducting business. Provincial licensees will obviously be expected to do the same.
Failure to pay taxes, levies or fees will jeopardise your license as will non-compliance with any of the laws set out in the National Gambling Act. A person convicted of an offence in terms of the National Gambling Act is ‘liable to a fine not exceeding R10 000 000, or to imprisonment for a period not exceeding 10 years, or to both a fine and such imprisonment.If a licensee is in breach of a condition of a license they are ‘liable to an administrative penalty not exceeding 10% of the annual turnover of the licensee.
You may surrender your license by choice via written notification to the provincial licensing authority.Reposting Requirements
Suspicious or illegal activity can be reported directly to the respective provincial gambling boards or the National Gambling Board itself.Anti-money Laundering
South Africa has three acts which relate to Anti-money laundering: the Prevention of Organised Crime Act (POCA), Financial Intelligence Centre Act (FICA), and The Protection of Constitutional Democracy Against Terrorism and Related Activities Act (POCDATARA).The main duties of accountable institutions include:
*Identifying and also verifying clients
*Reporting any suspicious transactions
*Keeping records
*Training staff
*Reporting cash transactions over the prescribed limit
*In conclusion, formulating and implementing internal rules
Each legal gambling institution must ensure that all the necessary policies, procedures and systems are in place whilst ensuring full compliance with the FICA Act.South Africa has a Financial Intelligence Centre (FIC) which is run under the FICA Act. There is also a Money Laundering Advisory Council who works alongside FIC and advises the Minister of Finance. All information regarding money laundering activities must be reported to FIC who will then hand over to the appropriate authorities.TAX
Corporate tax in South Africa is set at a flat rate of 28% for all companies.Although a withholding tax on winnings has been proposed since 2011, nothing has been set in stone.Software Testing and Online Gambling
Any machine or device which needs calibration or certification must be tested by a licensed testing agent. The agent will need to make sure that the machine/device is compliant with the applicable standard. They record all test results and issue a report. The South African Bureau of Standards must then analyse the results and if found compliant they issue a letter of certification.
Online gambling is still illegal within South Africa except for online betting via a licensed South African bookmaker. Both the operation and advertisement of online casinos within South Africa are illegal acts.Contact the South African Gambling Commission
For more information:
1. Gauteng:www.ggb.org.za
2. Western Cape:www.wcgrb.co.za
3. Eastern Cape:www.ecgbb.co.za
4. Free State:www.gla.fs.gov.za
5. Kwazulu Natal:www.kzngambling.co.za
6. Mpumalanga:www.mgb.org.za
7. North West:www.nwgb.co.za
8. Limpopo:www.lgb.org.za
9. Northern Cape:www.ncgb.co.zaAlternative to a South African Gambling License
A curacao based gambling license is perfect for your business if you wish to offer services abroad. The license is regulated by the Government of Curacao and is accepted by all banks and payment service providers.Online Gambling Licenses Cost
We work with the local authority assisting our clients with their gambling license needs, get in touch on Skype, WhatsApp or Email for further information.
Register here: http://gg.gg/nx94w
https://diarynote-jp.indered.space
With online sports betting and gaming now legal in New Jersey, many businesses are seeking to jump into this flourishing industry. However, the regulations require that any company seeking to offer this kind of entertainment be associated with a land-based casino in the state, and that kind of association requires a specific legal status. Online casinos should pay 5% tax from net income while lottery organizers pay 18% from the income. Advantages of Estonian online casino license. An Estonian gaming license offers the following benefits to operators: relatively low taxes; licenses are valid for 20 years; entry into the European market. Malta Gaming Authority (Malta) imposes following a set of strict regulations, guidelines, and legislations that allow promoting online sportsbooks or casinos in the EU. Generally, MGA falls under the hard-to-get category of licenses. Still, with all the operating possibilities (across the EU), favourable costs/taxes, and high safety features, it is an attractive choice for many gambling operators. A licence must be applied for in advance of the proposed gambling event. Licensees are responsible for following the Licensed Charitable Gaming Rules (PDF) related to the gambling event and for using the proceeds to support the eligible programs as approved on the licence.
Curacao is one of the island that make up the Dutch Caribbean(formerly known as the Netherlands Antilles). It’s one of theoldest running online gambling regulators and as such is afairly well-known e-gaming regulator.
Any casino that displays the Curacao eGaming license on itswebsite has been through the initial investigation process andis regularly audited by Curacao authorities.Advantages of a Curacao eGaming License
Many gambling operators have chosen to make Curacao theirhome due to its favorable tax laws and relatively quick andinexpensive licensing procedure. Curacao charges a tax of just2% on net profits and does not put up massive barriers to entryfor potential operators. If you have the cash and a legitimatecasino, you’ll probably be approved.
The fees for a “master” gambling license in Curacao include a60,000 ANG (or about $34,000) setup fee and then 10,000 ANG(about $5,600) per month for the first two years. After that,the operator can negotiate with the government of Curacao forfees going forward.
Master license holders are allowed to grant sub-licenses toanyone. A sub-license comes with all the benefits of a masterlicense other than being able to lease out sub-licenses.However, the master license holder is responsible for allactivities of all sub-license holders.
There are a number of master license holders that offerpackages to new entrants in the gambling market. They offercomplete solutions including a sub-license, business license,hosting and other services for a fee that is often cheaper fornew entrants than trying to do it all alone.
Curacao is also attractive for the simplicity of its gamblinglaws. Only one license is needed for any type of gamblingoperation. It doesn’t matter if you run a casino, a sportsbook,or a website that does it all; one license is all that’s needed.
The process for getting a license in Curacao is significantlyeasier than dealing with the UK Gambling Commission or mostother licensing agencies in which there are multiple types oflicenses, fees that go into the hundreds of thousands of dollars,and application processes so complicated that lawyers must behired.
In addition to licensing and regulation, Curacao eGamingprovides technical and financial support for the online gamblingindustry. Some of these services include dedicated services,private cloud servers, international finance, and help with othermatters related to running an online casino.Disadvantages
The greatest disadvantage of a license from Curacao is thatit doesn’t have much meaning. Just about anyone serious aboutstarting a gambling site can afford the fees and make it throughthe initial investigation. As long as you have the cash and afair casino, you’re pretty much in.
Players are well aware that the licensing standards in placeslike Curacao don’t mean much compared to licenses from other,more discerning jurisdictions. Casinos licensed by Curacao havesuddenly gone rogue, stolen money, and disappeared. Curacao doesn’t intervene in disputes between players and operators. Fromthe player’s point of view, a license from Curacao ismeaningless.
Of course, there are plenty of safe and respectable gamblingsites licensed in Curacao. It’s a safe, legal place to establishan online casino. However, casinos located in Curacao must buildtheir own reputations the old-fashioned way. A license fromCuracao isn’t the quick ticket to trust.
If you do run into any trouble with their licensing or haveany specific questions that aren’t answered here you can contactthem any time. They make it pretty easy to get in touch withthem through phone or email. Also for more information on whatthey are all about you can visit their website as well. All oftheir information is below:
*Website:http://www.curacao-egaming.com/
*E-Mail:[email protected]
*Phone: +5999 465 1134Gambling license in South Africa
Gambling within South Africa was largely restricted for many years, dating back to around 1673. Almost all forms of gambling were officially banned in 1965 with the passing of the Gambling Act. Horse racing, which was still considered a sport for many years, was however still legal, and the only place where people could place bets. This ban on gambling meant many illegal casinos began to pop up. By 1995 there were an estimated 2000 illegal casinos within South Africa. Luckily, with the new democratic government in 1994, the ban on gambling was lifted with the National Gambling Act. By 1996 the first legally licensed casinos were established and a single national lottery was launched. The National Gambling Act was the start of a diverse gambling community within South Africa.Gambling and licensing
Gambling within SA is highly regulated and is done so by the National Gambling Board as well as the gambling board of each individual province.
The entire process of applying for a license is relatively straightforward. You can apply for a national or provincial license. A national license is generally for those applying as a manufacturer, supplier, maintenance supplier, or for those wanting to work within the gambling industry. A provincial license is simply valid within the single province in which it was issued and is better suited to and casinos or similar.
Both licenses may be applied for and issued through the provincial gambling boards and can be done by visiting the appropriate website (as listed below) and downloading the forms. The websites are quite easy to navigate and the entire application process will take anywhere between three months to a year.Cost of a South African Gambling License
The cost of applications varies from province to province. Here are two examples:
Western CapeCasino operator new license application fee: R 479 300.00Casino annual licensing fee: R 239 650.00Gambling employee fee (new application and yearly fee): R129Bookmaker new license application fee: R11 977Bookmaker annual licensing fee: R2403
North West ProvinceCasino operator new license application fee: R230 000Casino annual licensing fee: R 100 000Casino employee licence fee: R500Bookmaker new license application fee: R6000Bookmaker annual licensing fee: R5000
Other considerationsA big part of obtaining a South African gambling license is the probity process. This, in short, is a KYC process on steroids and will take up the majority of your time, effort, energy and money. Legal fees to complete this process can amount to hundreds of thousands of rands. While we understand the reason for the process, when compared to other jurisdictions such as the UK, Malta and Curacao, the same process is less bureaucratic and less authoritarian in their approach which is the reason why they have a much more vibrant and active gaming industry.Maintaining Your License
Licenses are generally valid for different time periods across the different provinces. To maintain your license you will need to pay a set yearly fee, as given in the above examples. Likewise, if you wish to work at another casino or to move the premises of your existing casino, then you will need to apply for such. Employee licenses are linked to the position which they hold with a specific operator. Every Gambling machine or device must also be registered in order to be considered legal.
National licensees will need to comply with the applicable provincial law within whichever provinces they are conducting business. Provincial licensees will obviously be expected to do the same.
Failure to pay taxes, levies or fees will jeopardise your license as will non-compliance with any of the laws set out in the National Gambling Act. A person convicted of an offence in terms of the National Gambling Act is ‘liable to a fine not exceeding R10 000 000, or to imprisonment for a period not exceeding 10 years, or to both a fine and such imprisonment.If a licensee is in breach of a condition of a license they are ‘liable to an administrative penalty not exceeding 10% of the annual turnover of the licensee.
You may surrender your license by choice via written notification to the provincial licensing authority.Reposting Requirements
Suspicious or illegal activity can be reported directly to the respective provincial gambling boards or the National Gambling Board itself.Anti-money Laundering
South Africa has three acts which relate to Anti-money laundering: the Prevention of Organised Crime Act (POCA), Financial Intelligence Centre Act (FICA), and The Protection of Constitutional Democracy Against Terrorism and Related Activities Act (POCDATARA).The main duties of accountable institutions include:
*Identifying and also verifying clients
*Reporting any suspicious transactions
*Keeping records
*Training staff
*Reporting cash transactions over the prescribed limit
*In conclusion, formulating and implementing internal rules
Each legal gambling institution must ensure that all the necessary policies, procedures and systems are in place whilst ensuring full compliance with the FICA Act.South Africa has a Financial Intelligence Centre (FIC) which is run under the FICA Act. There is also a Money Laundering Advisory Council who works alongside FIC and advises the Minister of Finance. All information regarding money laundering activities must be reported to FIC who will then hand over to the appropriate authorities.TAX
Corporate tax in South Africa is set at a flat rate of 28% for all companies.Although a withholding tax on winnings has been proposed since 2011, nothing has been set in stone.Software Testing and Online Gambling
Any machine or device which needs calibration or certification must be tested by a licensed testing agent. The agent will need to make sure that the machine/device is compliant with the applicable standard. They record all test results and issue a report. The South African Bureau of Standards must then analyse the results and if found compliant they issue a letter of certification.
Online gambling is still illegal within South Africa except for online betting via a licensed South African bookmaker. Both the operation and advertisement of online casinos within South Africa are illegal acts.Contact the South African Gambling Commission
For more information:
1. Gauteng:www.ggb.org.za
2. Western Cape:www.wcgrb.co.za
3. Eastern Cape:www.ecgbb.co.za
4. Free State:www.gla.fs.gov.za
5. Kwazulu Natal:www.kzngambling.co.za
6. Mpumalanga:www.mgb.org.za
7. North West:www.nwgb.co.za
8. Limpopo:www.lgb.org.za
9. Northern Cape:www.ncgb.co.zaAlternative to a South African Gambling License
A curacao based gambling license is perfect for your business if you wish to offer services abroad. The license is regulated by the Government of Curacao and is accepted by all banks and payment service providers.Online Gambling Licenses Cost
We work with the local authority assisting our clients with their gambling license needs, get in touch on Skype, WhatsApp or Email for further information.
Register here: http://gg.gg/nx94w
https://diarynote-jp.indered.space
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