When it comes to creating online casinos, people usually face a lot of difficulties trying to achieve everything by themselves. The most common issue that beginners usually face is the license. No casino website can run without a license, and in view of the tightening of protective measures, the chosen license can either help your new business, or severely hamper it, leaving the beginning provider in debt. Therefore, the license question should be handled responsibly and to help 1Click Games have created this article where you can find all the necessary information about the existing licenses that each beginner in the gambling field should know about.
Why does an online casino need a license?
The gaming license is needed to make a new casino project more successful, provide a good reputation and receive a player’s trust. The obtained license will show that the online casino is regulated and works in a safe and legal manner. All the money transactions, including deposits and withdrawals, are safe and the casino is regulated by different authorities. The license also helps to open a bank and a merchant account, integrate legal and well-known payment systems and fill the casino website with popular games from world-famous game providers.
The license applies to all gaming activities including betting, lotteries, and casino. The license also shows the gambling borders. Different licenses impose different country restrictions and it is important to follow the country's current governmental rules because there may be some restrictions on the type of gambling activities allowed.
Types of licenses
Licenses can vary, so it is important to choose the right one for each casino project. There are 2 main differences – international and internal. The international license is the best when a casino project covers several countries, compared to the internal one that works for a specific country. So, when choosing the necessary license, it is important to consider many factors, that will lead to the right decision. Here are the most popular gambling licenses:
Curacao license
This is one of the most popular licenses in the iGaming industry. The reason is that the Curacao license covers all kinds of gambling fields – casinos, sportsbooks, and lotteries. The process of incorporation doesn’t take very long, compared to other types of licenses, taking up to several weeks, and the other main advantage is that it can be done remotely.
Why does an online casino need a license?
The gaming license is needed to make a new casino project more successful, provide a good reputation and receive a player’s trust. The obtained license will show that the online casino is regulated and works in a safe and legal manner. All the money transactions, including deposits and withdrawals, are safe and the casino is regulated by different authorities. The license also helps to open a bank and a merchant account, integrate legal and well-known payment systems and fill the casino website with popular games from world-famous game providers.
The license applies to all gaming activities including betting, lotteries, and casino. The license also shows the gambling borders. Different licenses impose different country restrictions and it is important to follow the country's current governmental rules because there may be some restrictions on the type of gambling activities allowed.
Maltese license
This is one of the most prestigious jurisdictions for obtaining a gaming license. Malta is an independent republic and a member of the British Commonwealth. This is the first country in the EU to start online gambling. This license has four different classes for gambling products:
• Class 1: licenses for operators providing online casino games, lotteries, gambling, and a random number generator.
• Class 2: licenses for betting operators (online sports bets, fixed odds, pool bets).
• Class 3: licenses for advertisers and advertising companies, including P2P, poker networks, exchange rates, bingo.
• Class 4: licenses for companies providing software (software) for online gambling companies.
Compared to the Curacao license, the process of obtaining a Maltese license is long and complicated with a lot of nuances.
Antigua and Barbuda
This license is counted as one of the more prestigious ones but is expensive at the same time. To obtain the license, the casino operator will probably pay over 100 000 dollars for one year. There are two main types of licenses that Antigua and Barbuda offer - Interactive Gaming - applying to online casinos, poker, roulettes, slot machines, video slots, lotteries and other types of gambling, and Interactive Wagering that is required for licensing bookmakers.
1Click Games will give you a solution in just one click
Unfortunately, many people abandon their projects once they have found out about the difficulties in getting a gambling license, especially if they have a strict budget. Happily, there is a solution for those who don’t want to spend their time researching the best license for their product or going through endless mounds of paperwork.
1Click Games offer its clients a ready-made solution, to create its casino project that can start working in just a few days. A licensed casino project with integrated products of the client’s choice – casino games, sportsbook or lotteries. The 1Click Games offer is a winning solution because it is less expensive, fast and reliable.
Conclusion
1Click Games software is certified by the GLI-19 standard and can significantly reduce the amount of time to obtain a license, meaning that the company can launch clients' projects, with their desired license, faster than anyone else on the market. Better still, it is not an extra option; a gambling sub-license is already included in the initial setup of the turnkey casino project. If you are interested in bringing your project to life or creating a new one in the quickest time, please feel free to request a quote and our company representative will contact you as soon as possible.