- Casino Licensing Requirements
- Casino License In Nj
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- License Fee California
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Curacao is one of the island that make up the Dutch Caribbean
(formerly known as the Netherlands Antilles). It’s one of the
oldest running online gambling regulators and as such is a
fairly well-known e-gaming regulator.
Any casino that displays the Curacao eGaming license on its
website has been through the initial investigation process and
is regularly audited by Curacao authorities.
Advantages of a Curacao eGaming License
And this even by paying up to 80% taxes. Because of the high profits gambling licenses are highly restricted. Not any entrepreneur will be able to obtain a license in the USA or in Europe. This is why we recommend an offshore-license. The possibilities. The license allows you to conduct every gambling activity, such as: casino games; lotteries. Nevada Gaming Commission – The Nevada Gaming Commission was the very first US State gaming licensing Commissions to legalise online gambling in their jurisdiction, and they took a pioneering role in regards to putting in place a way of land based gaming venues located in the Nevada State boundaries to offer their customers a fully licensed and regulated online gaming environment, and many casinos and poker sites are now licensed and operate under a Nevada Gaming Commission issued online.
Many gambling operators have chosen to make Curacao their
home due to its favorable tax laws and relatively quick and
inexpensive licensing procedure. Curacao charges a tax of just
2% on net profits and does not put up massive barriers to entry
for potential operators. If you have the cash and a legitimate
casino, you’ll probably be approved.
The fees for a “master” gambling license in Curacao include a
60,000 ANG (or about $34,000) setup fee and then 10,000 ANG
(about $5,600) per month for the first two years. After that,
the operator can negotiate with the government of Curacao for
fees going forward.
Master license holders are allowed to grant sub-licenses to
anyone. A sub-license comes with all the benefits of a master
license other than being able to lease out sub-licenses.
However, the master license holder is responsible for all
activities of all sub-license holders.
There are a number of master license holders that offer
packages to new entrants in the gambling market. They offer
complete solutions including a sub-license, business license,
hosting and other services for a fee that is often cheaper for
new entrants than trying to do it all alone.
Curacao is also attractive for the simplicity of its gambling
laws. Only one license is needed for any type of gambling
operation. It doesn’t matter if you run a casino, a sportsbook,
or a website that does it all; one license is all that’s needed.
Casino Licensing Requirements
The process for getting a license in Curacao is significantly
easier than dealing with the UK Gambling Commission or most
other licensing agencies in which there are multiple types of
licenses, fees that go into the hundreds of thousands of dollars,
and application processes so complicated that lawyers must be
hired.
In addition to licensing and regulation, Curacao eGaming
provides technical and financial support for the online gambling
industry. Some of these services include dedicated services,
private cloud servers, international finance, and help with other
matters related to running an online casino.
Disadvantages
The greatest disadvantage of a license from Curacao is that
it doesn’t have much meaning. Just about anyone serious about
starting a gambling site can afford the fees and make it through
the initial investigation. As long as you have the cash and a
fair casino, you’re pretty much in.
Players are well aware that the licensing standards in places
like Curacao don’t mean much compared to licenses from other,
more discerning jurisdictions. Casinos licensed by Curacao have
suddenly gone rogue, stolen money, and disappeared. Curacao doesn’t intervene in disputes between players and operators. From
the player’s point of view, a license from Curacao is
meaningless.
Of course, there are plenty of safe and respectable gambling
sites licensed in Curacao. It’s a safe, legal place to establish
an online casino. However, casinos located in Curacao must build
their own reputations the old-fashioned way. A license from
Curacao isn’t the quick ticket to trust.
If you do run into any trouble with their licensing or have
any specific questions that aren’t answered here you can contact
them any time. They make it pretty easy to get in touch with
them through phone or email. Also for more information on what
they are all about you can visit their website as well. All of
their information is below:
- Website:
http://www.curacao-egaming.com/ - E-Mail:[email protected]
- Phone: +5999 465 1134
Pennsylvania first legalized casino gambling in 2004, when Governor Ed Rendell signed Pennsylvania’s Racehorse Development and Gaming Act on July 5, 2004.
The new law (HB 2330) permitted suitable facilities to apply for slot licenses.
This seems simple enough, but as a non-gambling state the law ended up being 145 pages long, and called for the creation of the Pennsylvania Gaming Control Board (PGCB) and created three separate categories of slot machine licenses.
Category 1 licenses were designed to bolster the state’s existing racetracks, and Category 3 licenses aimed to do the same for the state’s resorts.
Sandwiched in between is the Category 2 license, awarded to new facilities with no history of gaming or operating a hotel that were required to be located in designated “tourist” areas, including two in Philadelphia and one in Pittsburgh.
In 2010, the state further expanded their land-based gaming, adding table games to the list of approved games through SB 711.
Each of Pennsylvania’s gaming licenses has its advantages, but at the same time each category of license presents its own limitations.
Category 1 License – Racino
Category 1 licenses were designed specifically to assist the state’s struggling racing industry. Under Pennsylvania’s 2004 casino law, each of the state’s existing racetracks were able to apply for a slots license and turn their facilities into what is known as a racino – a combination racerack/casino – with no more than seven Category 1 licenses to be awarded.
A Category 1 license permits the facility to house up to 250 table games and 5,000 slot machines.
Casino License In Nj
Six racetracks have been approved thus far, leaving the state with a single Category 1 license to be awarded:
- Harrah’s Philadelphia
- The Meadows Racetrack and Casino
- Mohegan Sun at Pocono Downs
- Parx Casino and Racing
- Penn National Racecourse
- Presque Isle Downs
Even though they essentially pay the same licensing fees as Category 2 licensees, the six racinos in Pennsylvania must adhere to several rules in order to keep their Category 1 license in good standing.
Racinos applying for a Category 1 license must meet one of the following requirements:
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- Existing racetracks are required to host live racing for at least two years prior to being awarded a license, and live racing must occur at the property at least 100 days per year.
- New properties applying for a Category 1 license that have never hosted live racing must host live racing for a minimum of 150 days by the second year of their license being approved.
Current proposals in the state legislature are considering softening the requirements for live racing.
Category 2 License – Stand-Alone Casino
Category 2 licensees are what many of us would consider a classic casino.
Pennsylvania authorized up to five of these stand-alone casinos. So far four have been approved:
- Mount Airy Casino Resort
- Sands Casino Resort Bethlehem
- Rivers Casino in Pittsburgh
- SugarHouse Casino in Philadelphia
Just like Category 1 licensees, Category 2 license holders are permitted up to 250 table games and 5,000 slot machines. They can also offer the amenities of any major resort casino, including restaurants, spas, and entertainment options.
There is one catch, however. Category 2 casinos are not permitted to operate hotels on premises – there is some leeway to build a hotel elsewhere on the property.
They also must be located in major cities or tourist areas, and cannot be within 30 miles of a Category 1 facility.
Category 3 License – Resort Casino
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Pennsylvania law allows only three Category 3 licenses to be issued, and so far only two have been awarded.
- Valley Forge Casino Resort
- Lady Luck Casino Nemacolin
Category 3 license holders are the most restricted in terms of gaming options, as they are allowed up to 600 slot machines and 50 table games on premises, but these are also the only gaming facilities that have attached hotels.
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Still, the use of the term resort casino is a bit of a misnomer in Pennsylvania, as it tends to conjure images of the multi-billion dollar destination casinos in Las Vegas.
But in Pennsylvania a resort casino is essentially an existing hotel/resort property that is outfitted with a small amount of gaming devices. These are not casinos with hotels. These are hotels where the casino is simply just another amenity on offer.
Not surprisingly, the fee for a Category 3 license was initially set at only $5 million whereas Category 1 and 2 licensees paid $50 million. A subsequent additional licensing fee was also collected when Pennsylvania added table games in 2010.
Category 3 licensees must also deal with the unenviable “membership” issue. By law, only guests at the hotel, or “members,” are allowed to gamble at Category 3 casinos. To become a “member” at one of the state’s three resort casinos a person must pay a yearly membership fee.
Legislation set to be introduced in the near future would eliminate this severe handicap.
When you compare Category 2 and Category 3 licenses, the trade-off in Pennsylvania appears to be that if you want to operate a hotel/casino (a Category 3 license) you are limited in the amount of gaming you can offer and must restrict access to your casino.
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Conversely, if you want to be a full-fledged casino you cannot operate a hotel.