How to obtain a gambling license in Kahnawake
One of the jurisdictions granting land-based and online casino licenses is Kahnawake, Canada’s province. It legalized gambling in 1996. The Kahnawake Gaming Commission licenses and regulates gambling. By 1999, the organization developed and approved the rules to regulate the industry. The regulations and standards are based on Australia’s experience.
Advantages of Kahnawake’s gambling license
Due to the thorough inspection of applicants, Kahnawake’s permission guarantees the reliability and honesty of companies. It enhances confidence among business partners and gamblers. Besides, Kahnawake’s certificate ensures the adherence to the privacy policy and payment safety.
All members of the Kahnawake Gaming Commission are elected for a term of two years. It guarantees the incorruptibility and impartiality of the authorities when granting the next permission if you decide to extend a license.
The main obligations of the Canadian regulator is to issue gambling licenses and cancel them in case of unfair player service. It also inspects operators’ software, prevents fraudulent operations, and considers users’ complaints and requests.
Types of Kahnawake’s gambling licenses
This jurisdiction grants several types of licenses allowing to organize gambling business. It depends on your business plan and the amount of casinos you are going to establish.
The Kahnawake Gaming Commission website informs that the full cost of registration fee included all the expenses and the first annual license fee is $40,000. The sum is reimbursed in case of refusal. However, besides these payments, there are other expenditures: software technical inspection costs $15,000. The annual fee to extend the license is $10,000.
Main types of licenses:
- Interactive Gaming License: allows to register one online gambling hosting facility in Kahnawake. To establish several hosting facilities, you will require a corresponding amount of licenses.
- Client Provider Authorization: allows its owners to carry out any gambling activities on the Internet. The license authorizes the identity of operator who conducts games of chance in Kahnawake.
- Inter-Jurisdictional Authorization: issued as an additional license if the main one has been issued by other jurisdiction. This permission allows its holder to organize gambling in Kahnawake.
- Key Persons Licence: issued to a person who performs managerial or operational functions for the entity that holds a CPA. The license costs about $5,000 for each individual.
- Poker Room License: allows to conduct online poker within the territory of Kahnawake.
Betting license requires the initial sum of $25,000. If your company is refused, money will be reimbursed.
Key requirements to get a gambling license in Kahnawake
The Kahnawake Gaming Commission thoroughly inspects every applicant. Before granting a license, the organization examines company’s relations and reputation, as well as business founders’ reputation.
Besides, the commission cooperates with the National Fraud Center, an international agency investigating fraudulent schemes, which guarantees the integrity of all operators obtaining licenses in this jurisdiction.
To get a gambling license, you should:
- provide all the information about the company, its founders and shareholders;
- register an office within the territory of Kahnawake and provide the documents on its existence;
- provide the detailed rules for conducting games and payoffs;
- pass the independent audit;
- have high-quality certified software;
- guarantee payoffs of large sums;
- guarantee the safety and integrity of players’ private data;
- limit access to gambling for customers below 21 years of age and suffering from gambling addiction;
- provide the information about payment systems and integrate well-adjusted technical support.
If at least one of the requirements is not fulfilled, the regulator has the right not to issue a license or revoke it.
HOW TO GET LICENSE TO OPEN CASINO IN RUSSIA?
GAMBLING LICENSE IN SERBIA: MAIN TERMS AND ADVANTAGES
HOW TO RECEIVE A GAMBLING LICENSE IN ANTIGUA AND BARBUDA
HOW TO REGISTER ONLINE CASINO IN ESTONIA?
HOW TO GET MALTESE GAMBLING LICENSE