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The UK's online gambling market has a customer base of approximately 10 million.
This means that running an online casino for the UK is a highly profitable venture if done correctly. However, a number of entrepreneurs would prefer to run their online casinos outside of the UK for a number of reasons. For example, some might prefer to run non Gamestop connected sites [3] if they are targeting an audience that would prefer services. Additionally, Some Might simply want to test the waters of the international market to get as much profit as possible.
Regardless of your reason, it is important that you get an online casino licence outside of the UK if you plan to do so. This is because it is required by law and if you were to run an online casino without such a license, you could run into legal trouble. Getting an online casino license outside of the UK can be done in the following steps.
1. Identify your target country: The term ‘outside the UK’ is fairly vague and applies to literally every other country besides the UK. To begin your journey, decide on what country you want to obtain an online license for.
Depending on where you choose, there are a number of benefits such as certain tax rates, access to loans, and so on. Conduct your research on various countries and decide on which will be most beneficial for you to obtain a license from.
You should also keep in mind the restrictions that come with being registered in certain countries depending on where you are targeting for business. For example, if you wish to operate your business targeting mostly UK customers, they are certain countries whose online gambling sites allowed to advertise to UK customers and some which are not.
2. Ensure you have all the requirements: Applying and successfully receiving an online casino license depending on where you are applying from, comes with certain requirements. This might be a minimum amount of capital, a physical location in that country, certificates from certain bodies, and so on. Conduct research about what the requirements will be for where you wish to get your license before you begin your application.
3. Apply through the appropriate body: Just as those who wish to apply for an online casino license in the UK would have to apply through the UK Gambling Authority, sites not in the UK [4] will have to register through a certain body. Oftentimes, this body can be found through a simple Google search, and usually, there is a procedure for registration stated on the website. It is important that you have company attorneys guide you through the process to make sure you have all the requirements to be duly registered with whatever body is required. After this is done, you should have no trouble being approved for an online gambling license with the region of your choice.
Getting an online casino license outside the UK is not an overly easy task but can be very straightforward. Follow the above tips to make sure your journey to getting the license as easy as possible.