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6 Steps to Obtaining a Gambling License

The timing for starting an online gambling business is perfect. Surveys show that if you follow all the necessary procedures and do things legally, you are bound to get good profit. But before all the fun starts, you need to obtain a gambling license. Here you can get the general idea about what you will have to go through.

1. Start with creating a business plan to estimate the expenditures and expected profit. This will not only help you to see where you stand financially, you will also need this information later.

2. Find a good casino software provider. You have to take this step seriously, because later you will have to submit a certificate that the software you intend to use will not malfunction and won't be used for cheating. Such certificate should also be issued by a reputable company or some qualified institution. Gaming License for online casinos

3. Choose the jurisdiction you want to obtain your gambling license from. Online gambling licenses are issued in a relatively large number of countries. But just as some animals are more equal than others, not all licenses turn out to mean the same thing for both online casino players and governments of those countries you may want to promote your gambling services in. The reason for this is the difference in requirements for obtaining a gambling license in different countries. Some are known to be rigorous and obtaining license from them can become a painstaking process. However, their approval will make you look like a trustworthy online casino operator, which you are going to become, aren't you?

4. Depending on the requirements of the selected country, you will need to provide documents about your (and other investors') financial status, police record from the permanent country of residence and a sort of money investment plan (mentioned above). So your next step is getting these papers ready. Gaming License for Bingo games Curacao

5. You can submit your application for a gambling license via a local representative (it can be your attorney or an accountant) to the representative of the appropriate establishment.

6. And then you wait. Your application will be reviewed in accordance with the piece of legislation that sets out conditions for granting a license. You may find it interesting to also learn from this document about the reasons for gambling license revocation. As it was mentioned above, players tend to trust licensed casino operators, because they know that gambling license involves regular assessment of the casino's conduct. So there will inevitably be a list of rules you will have to follow in order to keep your license if you get one.

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3 Perspectives on Gaming Licensing - What to Expect From the Gaming Commission

In the world of gaming, there always seems to be this difficult relationship with the casino and its regulator. This is true for both private casinos and those that are Native American owned. Casinos need to hire reliable individuals (ideally those who have passed employee background checks) to keep their business generating revenue, and the gaming commission's job is to make sure those people are legally licensed to work in their respective facilities. Sometimes, the casinos refer in jest to the gaming commission as "cops," and the gaming commission can refer to the casino as "cowboys." Aside from that friendly banter though, this is truly a symbiotic relationship. Both parties need each other, and the fact remains that if the gaming commissions overregulated the casinos, the gaming commissions wouldn't be around themselves.

The Importance of Employee Background Checks & Monitoring

I had a chance to talk with casino employees and casino managers about how the gaming licensing process affects their lives. I also spoke with gaming commissions on how they view their role with respect to regulating. My firm works with a great deal of casino clients that span private industry operators to Native American owned enterprises. One of the major issues that kept coming up was the problem of casino employees not reporting to the gaming commission when they get arrested. This seems to be a recurring problem, but there are many different angles to the issue. Get license for online casinos

The first perspective that I encountered was from the applicant. Those that I talked to mentioned they knew they should report an arrest but it wasn't very clear to them what a disqualifying offense was or not. The reality of the situation is that most of these offenses are not ones that would have their gaming license taken away, but the applicant doesn't know that so they simply don't report it, and then run the risk of having it exposed by the gaming commission. And if the gaming commission does an audit and finds an arrest record, that licensee can be terminated. If the applicant came clean and explained the circumstances and situation surrounding the event, he or she could have remained employed.

Another perspective is from the casino. Most casinos run employee background checks on any applicant that they hire, and then, in turn, the gaming commissions will typically also do a thorough investigation that involves an FBI database search. Then, a license is issued if the applicant passes all of the employee background checks. After this is done, casinos will employ the individual and put him or her through extensive training and on-boarding. According to an article published by Robinson and Associates, casino employees are considered to be very valuable asset because they fall under what is called a complex position. A great deal of time, effort, and resources goes into training and nurturing them. What if the gaming commission runs an audit by performing its own employee background checks, finds an employee that recently got arrested (which went unreported), and terminates that employee?

In a time when gambling revenue is down, casinos are watching their bottom line very closely. In many of my discussions, executives have mentioned that if there was some way to have their employees electronically monitored and have the right process to provide the documentation of the arrest occurrence delivered to the gaming commission, it would be a huge help. Casino turnover is already high enough, and if the gaming commission came in and terminated a licensee, that would cost the casino even more money than normal turnover because that employee would have to be removed from the property immediately. Gaming License for online casinos

Instituting a System that Monitors Employee Background Checks

The last perspective on performing routine employee background checks is from the gaming commission side, whose responsibility is to keep those casinos in compliance with laws and policies from their respective governments. They are held to those standards and are expected to enforce them. However, every gaming commissioner that I talked to reiterated that the job is not to try and harm the casino's profitability, but to make sure they are kept in compliance and assist them with remaining in compliance. I mentioned the idea of having a system that would instantly alert the employer and then provide a system for the applicant to report his or her arrest to the gaming commission. Although they cannot "officially" comment on any particular service, they did mention that it sounded like an excellent idea. Most commissioners say they consider themselves partners for the casinos and operate as such.

In closing, managing the dynamics of the casino, the gaming commission, and the employee can be challenging, but all parties working together can bring about a consistent solution. I have had the good fortune of being able to work with all parties on solutions for their relationship and get to hear about great ideas all the time. A system for instantly delivering arrest results and setting up a process for self-reporting sounds like a win-win-win. But this is just one of many different ways to approach managing all those involved on the different issues that they intersect on, including employee background checks. Great things come about by working together...and not in conflict.

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What Are the Different Licensing Options For Gaming Operators?

Online gaming is becoming more popular and so are the options that entrepreneurs now have for launching their own gaming operations. Buying a gaming software license which is a costly affair is only one of them. Operators can choose the white labeling or even an affiliate model to launch their own sites. Here we discuss some of the options that are available for gaming operators for launching their own online casino or sports betting portal. One-time fee licensing is still one of the preferred options for large casino operators. It gives the casino operator the right to use the gaming software license for a lifetime and this includes the periodic upgrades that are released by the software vendor. Reliable Curacao gaming license

The second option that is one of the favorites of medium and small sized operators is the white labeled model. In this approach the gaming operator is privy to a pre-built hosted site which can be customized with the operators own brand and logo. All the back-end operations are controlled by a service provider. This is the quickest and most effective way to launch a gaming portal. The operator gets the benefit of the service providers gaming license, gaming software, technical support, hardware, customer service and e-commerce relationships.

The reason why the White Label model is finding favor among gaming operators is the relatively low cost of starting operations and the quick got-to market. A well strategized marketing approach can help entrepreneurs to quickly break-even and start making money out of the venture. Using the White Label model gaming operators can set-up online poker portals, an online casino or a sports betting site. Online Gambling License Curacao

The third option that entrepreneurs have before them is the affiliate model. In this model a gaming operator can use the licensee's gaming software license, technical support, hardware, customer service and e-commerce relationships. However in this model the revenue that the operator makes is only a small percentage of the revenue that is generated from the gaming operations. The type of support that is extended to the operator also varies. While some affiliate programs only supply banners some others create an elaborate website with the brand a logo of the operator.

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