The Main Conditions for Launching a Legal Digital Casino: Expert Opinion

To start an iGaming project, it is necessary to register your business and then undergo the certification procedure to obtain a licence.

Rosloto experts can assist you with obtaining a permit from a reputable jurisdiction.

Advantages of Operating under a Licence

Such a document is important, so operators must know what difficulties may arise when working without the certificate. It may seem that a permit is just a piece of paper that does not change anything. However, it can unlock many doors to entering new markets.

Open Banking System

Any business, especially a profitable one, needs a reliable payment channel. Many casino owners prefer to open accounts in different banks but they choose only reliable financial institutions, which, in turn, also look closely at customers.

If your company has not passed the licensing procedure, then it cannot be considered a legally operating enterprise. Its cooperation with any bank and high-quality payment services will be rather questionable.

In most cases, financial organisations simply refuse to open an account and provide a credit line if the business is illegal, and sometimes, they also report it to law enforcement agencies.

The licence acts as a guarantee of transparency and good relations with banks all over the world. This is especially valuable for those companies that operate on the Internet and attract users from different countries.

Wide Geography

The ability to work worldwide is one of the main reasons why entrepreneurs choose to open online casinos. But is it possible to do it easily?

In the 21st century, the Internet has become a more closed and complex space. Today, it may not even be possible to launch a site in another country since almost every jurisdiction has internal legislative restrictions. So the question is: how to simultaneously work in Asia, America, and Europe?

The answer is very simple: you need to obtain a licence. Of course, there is no such document that would make it possible to operate in the Islamic world or North Korea. However, in countries that recognise international permits, each project owner will be able to provide services without problems.

Therefore, it is safe to say that the certificate opens up opportunities to scale the business to almost all parts of the world.

Trust of Gamblers

Any casino visitor knows that to deposit on a platform that was not officially registered is like throwing money away. They never know whether they will win on such a site or not. Therefore, iGaming projects that do not have a licence can only expect to work with beginners who place very small bets.

If operators want to make good money from a digital casino, then they should make sure that players trust them without a shadow of a doubt. And the best way to do this is to demonstrate the obtained permit and have all the appropriate documents.

Business Contacts

Another aspect that people often keep quiet about is a partnership with the best software vendors and developers of slots and other technological gambling solutions. In the modern world, side businesses often use casinos for money laundering, and law enforcement agencies all over the world are trying to counter that.

Therefore, developers do their best to protect themselves and cooperate only with legal providers of iGaming services.

If you delve into the subject, you will notice that some companies work with the “chosen” jurisdictions. Therefore, when thinking of a country for licensing, you select future partners as well. That is why so much attention is paid to the choice of a gambling permit.

The Main Things about Starting a Legal iGaming Business

We recommend that you turn to Rosloto lawyers who work with jurisdictions, which are considered the most popular in the field of online casino licensing. Our company has already launched several hundred gaming sites.

It is also important to decide which type of certificates you need because they can be unified (that is, for all types of services at once) and specialised. The latter depends on the request of an applicant. For example, an entrepreneur may want to start a lottery. Under such a licence, it will not be possible to conduct betting activities.

Those who are planning to build a large gambling network should choose jurisdictions that issue unified permits. It can be Curacao, Great Britain, the Isle of Man, and so on.

Chronologically, the registration of a digital casino takes place earlier than licensing, this step is important. The local authorities will not even consider an application filed by the owner of an illegal enterprise.

The procedure will be as follows:

• decide on the jurisdiction in which you will work, pay taxes, file reports, etc.;
• establish a company and register it with the municipal authorities;
• apply for a licence.

The Rosloto studio consults both beginning and experienced entrepreneurs on issues related to the casino niche.

We also offer such next-generation services as:

• creation of a turnkey iGaming platform;
• development of exclusive HTML5 content;
• drafting a business plan;
• promotion of already existing projects, and much more.

For all questions, please contact our managers.