According to some casino experts says that for an online casino to be legal, it should be licensed in the country where it or its' web servers physically reside in, and have to report to the local government to some extent.
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Top Online Casino Gaming Licenses To Look For
1. Top Online Casino Gaming Licenses To Look For
According to some casino experts says that for an online casino to be legal, it
should be licensed in the country where it or its' web servers physically reside in,
and have to report to the local government to some extent. Casino player who
are looking for a reputable online casino sites and thus needs to check many
casinos before choosing the one that suits you best.
With a ever-growing industry superiority of online gambling, it seems that
nowadays it is possible to get confused by a large number of top online casinos
which can seem quite trustworthy at first sight and offer variety of casino
games, best casino bonus and other amazing promotions and freebies.
Below are the top online casino gaming licenses that you should check to each
and every online casino that to choose to play:
Gibraltar
Gibraltar is a self-governing British Crown Dependency, UK is responsible solely
for the external relations and foreign affairs of the territory. Gibraltar is a full
member of European Union and it retains complete independency from the UK in
the matters of taxation.
The tax rate for fixed-odds and betting exchange operations is 1% of turnover
with the gaming tax capped at GPB 425,000 per year. For every online casino, the
gaming tax is at 1% of the gross product with the same maximum cap as fixed-
odds betting.
Antigua and Barbuda
Antigua and Barbuda provides for 2 kinds of gambling and betting licenses:
• interactive gaming
2. • interactive wagering
The annual license fee for interactive gaming is $75,000 and the annual license
fee for interactive wagering is $50,000. The key person licenses are USD $1,000
the first year, and USD $250 in renewal years. There is an annual $5,000 renewal
application fee for online casino and sports betting licenses, with additional
charges if investigation fees exceed that amount.
Netherland Antilles
Netherland Antilles Jurisdiction is a master license licenses the e-gaming company
itself, and in addition opens the possibility to sub-license third parties subject to
the responsibility and covenants under the master license. A sub-license is under
a master license which offers an equal possibilities to performing e-gaming
business legitimately, however without the possibility to further sub-license.
Isle of Man
The Isle of Man Government actively encourages the development of gambling
and e-gaming business on the island. It remains committed to delivering a stable
government and strong regulatory environment, supported by a wide range of
attractive business benefits.
The licensing application fee is £1,000. The annual license fee for a betting site is
£35,000. There is a 1.5% tax on gross gaming yield up to £20,000,000. Yields
over that amount are taxed at a reduced rate.
Alderney
The Alderney licensees are by law permitted to take advantage of the modern
hosting facilities and excellent telecommunication networks on both Alderney and
Guernsey. For international network links, Alderney and Guernsey's
telecommunication network offers reliable and high capacity links to the UK,
Europe, the USA and Asia.
The great thing about Alderney is that there is no VAT or other Sales tax
applicable and there is no tax or other duties payable on gambling operations.
Reputable online casinos also consider their customers safety and secured when
in terms of money transactions. Putting up an legal online casino license is a
great way to determine if you are playing in a legal and safe online casino site.