Our staff have the necessary skills to manage the application process, provide advice and assistance, and guide you through the entire set up process. With over 23 years of experience in the iGaming sector, we know the ins and outs of every jurisdiction and can therefore provide indispensable advice on which license will suit which client. Preferred Offshore Legislations for your Online Gaming LicenseĮvery business is as unique as the individual behind it and as such, our team understands that each one has its own needs and visions. Failure to adhere to a particular jurisdiction licensing requirements can have dire consequences including ruined reputation, hefty fines, and even criminal proceedings.Operating without a license leaves you open to being shut down and being blacklisted from acquiring an online gambling license in the future.It will make it much harder to negotiate or even getting advertisers.Will result in difficulties in opening settlement accounts and onboarding payment providers.Failure to having an online gaming license so is both illegal and unethical.Thankfully, many jurisdictions that strike a healthy balance between protecting stakeholders and allowing the growth and evolution of the iGaming industry. While no one likes the thought of being so heavily regulated that it stifles innovation and development, a level of oversight is necessary. The online gambling world is highly regulated to protect both clients and operators from money laundering, fraud, and other forms of criminality. In an industry that is booming and showing no sign of slowing, there has never been a better time to turn your dream of opening an online gambling company, into a reality. Not doing so is a huge risk for you, your company, your reputation, and the reputation of the industry as a whole. Remember, all online gaming platforms must be registered and compliant with at least one jurisdiction. By taking professional advice and going through the process with your business service provider, you can ensure you make the right choice and take all the steps efficiently and smoothly. Not all licenses are created equally and there are options to suit every deadline, budget, and requirement. It is best to discuss your plan and idea at length with a corporate service provider such as Fast Offshore, to make sure you apply for the correct licensing for your situation.Īpplying for an online gambling license is a complex and lengthy process, due to the fact it is a regulated industry. In addition to this, licenses can also allow the provision of ancillary iGaming services to other online gambling companies.
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