How to start an online casino business: learn the latest legislative changes in global gambling industry
CASEXE suggests to find out more about important updates in gambling regulation across the world. If you know how to start an online casino business then regulatory developments will help you to choose a suitable jurisdiction for your project. Malta, Australia, Georgia and Armenia are in our following review.
Malta's gambling regulator aims to be one step ahead of other jurisdictions by expanding opportunities for local operators and offering them more variants how to start and develop smoothly an online casino business.
One recent initiative was a legal reorganization in the country to reduce an unnecessary normative complexity for local gambling operators.
Gambling business realignment in the country includes the next terms:
- issuance of two different types of permits for B2B and B2C sectors instead of one multi-license;
- optimization of taxation for operators;
- tax exemption of B2B sector applicable to gambling business;
- transition to automated reporting;
- integration of more effective criminal and administrative justice;
- improvement of sphere of consumer protection.
The government approved a draft law on nationwide ban on start an online business despite of strong opposition from both local operators and gamblers.
The legislative initiative provides a right of veto over online casinos and poker rooms operation on the Internet. Key stakeholders have already informed that they are leaving the Australian gambling market due to these regulating updates.
The national parliament considers a series of legal undertakings to regulate the online gambling industry. Allegedly, the draft bills will enter into force in 2018. Therefore if you consider on how to start an online casino business in Georgia, you should have your finger on its legislative pulse from today.
New terms and conditions are to increase a license fee applicable to online gambling operators, and also to organize an obligatory registration on the players roster. The latter measure seeks to combat a gambling addiction and to prevent from recruiting minors into gambling.
Armenia's government established a special roster for high rollers. Gamblers playing very high stakes and spending on game more than $2 000 must to identify their personality, to keep all their receipts and transaction statements.
Stay with CASEXE and keep up with the latest gaming news around the globe – we do know how and where to start an online casino business.