The types of online casino licenses

Online casino licenses are legal permissions approved by governmental entities and given to gambling sites that have fulfilled the requirements to provide services related to lotto, poker, bingo, sports betting, etc.

The permit offers legitimacy and financial trust to the gambling site, as no bank or Credit Card Company will transact with an unlicensed online casino. Online casino operators face challenges when choosing a licensing jurisdiction since some countries’ legal systems forbid online casino games in some parts or the whole country. Here is a list of types of online casino authorization and the countries where they operate.

Curacao Gaming License

Curacao gaming authority was formalized in the year 1996 in the Caribbean Islands. This body does yearly audits of gambling software of operators in Curacao. Any online casino operator that wants this permit pay a one-time application fee of $1,100, an e-zone fee of around $280 with a 2% tax levied upon the site’s net profits annually.

It offers two classes of permits, namely the Master License and Sublicense. The Master License has four types, these include:

• Cyberluck Curacao N.V (Curacao-eGaming) #1668/JAZ
• Gaming Curacao (GC) #365/JAZ,
• Curacao Interactive Licensing N.V. (CIL) #5536/JAZ and
• Antillephone Licensing NV #8048/JAZ.

Any of the Masterclass license holders have a sublicense, which they can issue to another online operator. However, a sublicense holder can’t issue it to another operator.

Kahnawake Gaming Commission

This is a local gaming authority in the Kahnawake Mohawk Territory in Quebec. The casino authority started operating in 1996, and since then, it has authorized over 100 gambling sites.

Kahnawake online gambling permits have been reviewed on sites like LeafletCasino, including detailed requirements for online casinos to operate in Kahnawake. This includes an authorization payment of CAD$2500, and systems testing deposit of CAD$15,000 must be paid for the first year.

Online gambling in Kahnawake offers the permit holders a validity of 5 years and 0% corporate taxes with no consequent taxes. The online gambling Kahnawake licenses are:

• Casino Software Provider Authorization (CSPA) permits third party casino software.
• Interactive Gaming License (IGL), which permits interactive gaming.
• Live Dealer Studio Authorization (LDSA) which permits live dealer studios with instant games.
• Client Provider Authorization (CPA) for interactive gameplay across numerous premises within the territory.
• Key Person Permits is for people in charge of many casinos and Inter-Jurisdictional Authorizations (IJA). It permits gambling throughout the Kahnawake territory.

Malta Gaming License

Malta Gaming is a gambling licensing authority in the Mediterranean. It has been operating since the year 2000, with over 380 online casinos authorized through the Public Lotto Ordinance (PLO) and the Lotteries and Gaming Authority (LGA).

This licensing body spreads its wing to British casinos in 2007 when it made it to the UK’s approved list of licensing authorities, which means online casinos such as the Canadian video games from other countries can be authorized there. \

To get a permit, an online casino must pay an initial fee of approximately 2,500 euros. The patent is valid for a period of 5 years with a tax of 0.5% from the licensee’s turnover. The permits offered are:

• Class 1 for online casinos that operates with a random number generator.
• Class 2 for online betting and sports operators.
• Class 3 for advertising organizations in Malta and,
• Class 4 for businesses that manage and host remote gambling operators.

Belize Gaming License

Belize nation is located between Mexico and Guatemala with its own licensing body called The Belize Computer Wagering Licensing Board. The body was established in 1995 under the Computer Wager Licensing Act, which was later reformed in 2011.

For an online gambling site to obtain a permit from there, they’d have to pay an annual fee of $15,000, with a $500,000 deposit to be kept in trust by Belize as a form of insurance against any violations of its principles.

Authorized holders are forbidden to offer their services to the residents of Belize. This authority has just one license that permits all forms of online gaming, including sports and virtual casinos.

Conclusion

Online casino permits don’t only offer casino owners legitimacy but also provide players with a safety net, holding any gambling site accountable for its activities. Knowing the popular licensing bodies can help you choose the right casino to play in.