Posted by Admin: How to get an Online Gaming Licence
The first step in getting an online gaming license is to decide what kind of online gaming you will be operating. Then you need to choose a jurisdiction where you will apply for an online gaming licence. Your decision will no doubt depend on the requirements of each jurisdiction. You can go through a licence agent, research online or apply for an online gaming license independently.
The process can be complex and involve completion of certain application forms; an application fee; supplying relevant documents and often background checks into the owners, directors and shareholders of the online gaming company. The application process can also involve personal interviews; presentation of your proposed business plan; providing information about your intended software provider and showing that you have the necessary capital to run your online gaming business and make payouts to winners.
The applicant will have to pay an application fee a well as the fee for an egaming license once issued.
After you have submitted all the required documents to the regulatory authority in your chosen jurisdiction your application is assessed. When the application is successful an online gaming license is issued within a few weeks to a few months. With each jurisdiction having a different regulatory authority and a variety of rules and regulations the application process can seem daunting and burdensome. Using a license agent to make your application is often the easiest and most successful way of applying for an online gaming licence.
Egame licenses play a vital role in keeping online gaming crime free, protecting underage players and insuring fair game so that players can enjoy honest winnings.
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