Casino Blog

Hello world!

Introduction:

“Online Gaming” means — (a) any gaming, where any player enters or may enter the game, or takes or may take any step in the game, by means of a telecommunication; (b) the negotiating or receiving of any bet by means of a telecommunication; or(c) any lottery in which any participant acquires or may acquire a chance by means of a telecommunication.

A person “conducts” online gaming where —(a) in the case of gaming or a lottery, he takes part in its organization, management or promotion; (b) in the case of a bet, he carries on any business involving the negotiating or receiving of the bet; or (c) he maintains, or permits to be maintained, in Belize any computer or other device on or by means of which the game or lottery is operated, or the bet is received, as the case may be.

Who can apply?

any person who conducts or intends to conduct any online gaming in or from within Belize, or who routes or intends to route any online gaming into or through Belize, shall apply to the Board for a licence.

International Business Company Requirement:

The Committee may for and on behalf of the Board, grant to any person, being a company limited by shares and incorporated in Belize under the International Business Companies Act, a licence authorising it to conduct online gaming —(a) of any prescribed description; or (b) of such prescribed descriptions as are specified in the licence.

License Type:

Online Gaming Licence

Fees:

Non refundable application fee – US$5,000.00

Annual license fee – US $10,000.00

Routing Fee – 0.75% of annual gross revenues, or US$250,000.00, whichever is greater. (This fee is only applicable to online gaming companies that do not operate from Belize but route online gaming activities to or through Belize) (more…)

save this post as PDF

Hello world!

I think this article will be very interesting for people who are going to get more info regarding casino business itself. Try to imagine: you just need to come to Singapore and you will meet professionals ready to help you! Here is a piece of info:

Attendee profile

Asian Casinos Executive Summit is the benchmark, strategic CEO-level forum that is well attended by tourism and gaming authorities, operators, leading suppliers and service providers plus other key stakeholders from the global leisure & entertainment sector.

This highly successful conference and exhibition is Asia’s only C-level investor and operator driven forum, bringing together major regional and international stakeholders to discuss Asia’s unique position in the global gaming and casino community, providing the ideal platform for key decision-makers to convene and network with peers.

Delegates will typically be drawn from the following industries:

* National and international casino operators
* Gaming associations
* Government and regulators
* Clubs and lottery operators
* Resorts and cruise operators
* Online gaming and casino operators
* Gaming consultants
* Gaming solutions providers
* Alternative gaming operators/associations
* Gaming machine manufacturers
* Software developers
* Security and surveillance equipment suppliers

Network with industry peers and build lasting relationships in a unique conference setting that has lots of networking opportunities to ensure you maximize time, enlarge your network base, and turn business potentials into reality.

contact me for more details

Thank you

See you!

save this post as PDF

Well, as far as you can see browsing this blog there are so many places where you can establish a company for your online gambling business!

This article is written to describe Isle of Man gambling legislation. Let’s see…

The Isle of Man Government introduced legislation to regulate online gambling in 2001 and began accepting applications for licenses. There were five licenses in 2002, but by the end of 2003 all of them had left, prompting the Isle to restructure its regulations and infrastructure. Licensing is now overseen by the Department of Trade and Industry. A USD $2 million surety bond requirement has been removed. Instead, an insurance bond is now required and its price is negotiable, making licenses more available to smaller operators. In January 2005, a policy change approved by the Island’s Council of Ministers enabled operators based in the Isle of Man to accept bets from the USA and in April of 2005, the island announced a zero rate of income tax for the e-gaming sector.

Here is what e-business minister for the Isle of Man, Tim Craine, says about gambling sphere development: (more…)

save this post as PDF

Hi!

I have just found a good solution for casino billing: Domicilium.

Let us check it now:

Important: Domicilium has built on our existing Internet systems security and design abilities to provide focused skills for the Online Gambling industry. Given the nature of the business and the high level of regulation particularly found in the Isle of Man, Domicilium skills have been used extensively by some of the largest international companies in online sports betting and gambling.

Domicilium’s services are available in Malta, Barbados, the Bahamas, the United States of America, the British Virgin Islands, Jersey, Guernsey, Alderney and the Isle of Man. Domicilium constantly evaluating other jurisdictions and can also assist e-businesses to operate in other offshore centres. In each case selection of a jurisdiction will depend on client preference, time zones and the technical capability to deliver the required solutions in the jurisdiction.

Domicilium can provide as much support as is required in a choice of jurisdictions. If you have decided on a software provider they can take your service from software contract to full operation. They do not however provide or recommend any particular providers software.

How is it?:)

save this post as PDF

Hi

I got something something for online gambling billing. Please, check it out. You won’t b disappointed.

Well, the question of gambling billing is something really crucial for companies in the sphere of online gambling. If you want to earn money running online casino or online poker you need a merchant account to process gambling money. You need a trusted provider, you know. In this article I would like to study CHRONOPAY as a merchant account provider.

ChronoPay offers payment solution for merchants in the Gaming merchants seeking complete payment processing and support services, including an Internet Merchant Account or IPSP turnkey solution. (more…)

save this post as PDF

Hello!!!!

I’m glad to see you here! I was browsing space for a good place to get a gambling license and found a piece of interesting information regarding Malta gambling business legislation. I hope you will find these facts interesting and useful.

Ok, let us start:

Malta began licensing online gambling sites in 2000 under their Public Lotto Ordinance. Since then, the Lotteries and Gaming Authority (LGA) has developed its policies and procedures of remote gambling operations. In April of 2004, The Remote Gambling Regulations were revamped and now offer four classes of remote gambling licenses.

1. Class 1 is for operators providing online casino games, games of chance, and games that use a random number generator.
2. The Class 2 gaming license is for online sports and betting operators.
3. The Class 3 license is for advertisers and promotion companies that operate from Malta.
4. Class 4 licenses are for companies that host and manage remote gaming operations but are not themselves operators.

Each license type has a five-year duration. All licensees must pay an initial licensing fee of Lm 1,000. There are also recurring licensing fees. The gaming tax is 0.5% of turnover. Companies that are granted a Maltese license are not permitted to take bets from the island’s citizens. In March of 2005, the first Malta Remote Gaming Council (MRGC) was elected. The Council encompasses all remote gaming operators and service providers. The MRGC launched an online forum for the purpose of allowing all operators and service providers to discuss legal, technical, and administrative issues.

Please, check the attached Gambling Act.

Malta Gambling Business Legislation

save this post as PDF

Hello world!

Thank you for your attention!

Today’s question is the price of a gambling license in Belize.

Since October 13, 2004 Fees for an internet gambling license are US$15,000 per year, with a similar amount on an annual basis (calendar year). The regulations are not in an online format, but is expected to be available in the next month.

Conducting of Online Gaming is now defined to be taking part in gaming or lottery including administration, promotion or organization or permitting or maintaining in Belize any computer or device for the aforesaid. A license is required by any International Business Company conducting or intending to conduct online gaming in or from within Belize with the exception that no business is to be conducted with residents of Belize.

All application documents are mandated to be treated confidentially by the Committee. The Committee may require that a portion of payments be reserved as security with the Government for the payment of debts. This may extend to real or personal property.

The holder of a license may before the expiration of 60 days apply for a renewal. All licenses and renewals are for one year. Refusals of renewals are also subject to right of appeal. At all times, breaches of the licenses subject the holder to a revocation of license which is also subject to appeal. (more…)

save this post as PDF