This question can be answered in two ways:
- It is possible to run an online casino from a country where there is no regulation of online gaming like Costa Rica which doesn’t offer any online gaming license option. Obviously this is the cheapest option so it is usually the choice of small casinos and e-gaming start-ups that are still inexperienced. However the gaming industry is progressively moving towards regulation and players prefer to spend their money on sites that are regulated and thus safer and more trustworthy. Operating from an unregulated jurisdiction may be cheaper in the short term but cost you more in the long term if issues and problems arise.
- For this reason the better option is to set-up your online gaming business in a jurisdiction which has a regulatory body – even if it will cost you an application and license fee. One of the most popular jurisdictions with a recognized and respected licensing regulatory body is Curacao. Curacao gaming licenses are legitimate, recognized and expedient to obtain. Note that the Curacao license will not permit you to accept players from restricted countries in North American and in Europe.