Gambling in Antigua and Barbuda is a very serious activity. It can be an extremely profitable business, but it is highly regulated. Opening an online casino is not hard at all. The government is regulating online casinos very strictly and casinos which don’t have licenses are quickly shut down with serious fines. It is kind of expensive to get a license, but with the right amount for investment, it’s very possible to fulfill your dream.
Every operator who wants to open a casino should apply for a license. They should be clean of any problems with the government. Having a past with criminal activities can be a very serious problem once you get to open a casino. Your organization should be clean of any past problems with taxes and shady activities.
In the past, it was extremely easy to get a license for online casino, but right now it does not work that way anymore. You need to prove your “innocence” in front of the government in order to get permission to open an online casino. This is becoming harder every year, as the regulations are getting stronger and stronger, but it’s still quite easy to get permission.
Once you are ready to open your casino, be sure to know exactly how much money you will need to get the licenses. The application fee is 15,000$, which is not that much considering the profit you will make. An interactive gaming license is 100.000$, but if you want a casino, it’s completely necessary. The Interactive wagering license is 75,000$. However, once you have all those documents, you are free to go.
Once you have everything, be sure to renew your licenses every year. Otherwise, your casino will be closed and you will get fined by the government. The annual renewal fee per license is just 5.000$. You don’t have to pay full price for licenses every time. Getting ready the first time is the hardest and most expensive job when it comes to documentation.
There is no license that will allow people from the United States of America to gamble at your site. This is somehow annoying, but that’s how the things are going for now. Some forms of online gambling are legal in the US, but they forbid other countries from providing their products to their residents.
The good news is that even if you are in the UK, you can open an online casino for Antigua and Barbuda. This creates much more concurrency among the providers. This is the best thing that can happen to their users. More competitions mean more efforts to make your product better for the users. If the other online casino has better options for their players, they will choose it to play their online games.
That is all you need to know about opening an online casino in Antigua and Barbuda. If you have decided to do that, give it a try. All you need is a little investment and to prove you are not a shady operator. Best of luck in the online casino business.