Online gambling is a general term for gambling using the Internet. A gambler can place wagers from his home on various games using a computer and a modem connected to the internet. He may also be able to gamble online from his mobile or other media.
Internet casinos vary in what they provide but most if not all offer basic Las Vegas style casino games (Blackjack, Poker, Slots, Roulette), as well as sports-books (betting exchanges), lotteries, bingo and other forms of internet gambling.
With thousands of people from all over the world gambling online at the same time, online gambling has become big business. It is therefore essential, when setting up an online casino, to protect yourself, your clients and gain the best marketing platform by obtaining a licence in one of the key jurisdictions for online gambling. It may be an idea to consider low-cost, low tax, well regarded jurisdictions such as Gibraltar, Malta, the Isle of Man and the Netherlands Antilles (Curaçao).
Obtaining an online gaming licence may seem daunting due to the amount of legal administration and paperwork that must be prepared and completed. However, Sovereign has developed global expertise in licensing online casinos with the assistance of a number of in-house international barristers and corporate lawyers.
Interestingly, we count a significant number of prestigious clients in our portfolio.
Finally, it is also worth remembering that Sovereign is well placed to give advice on the benefits of utilizing certain corporate structures for tax-planning, as well as the relevant procedures involved.
As part of our service, we are able to help you every step of the way in the following:
- Online Casino Company Incorporation
- Online Gambling License applications
- Business Planning
- Online Gambling software registration
- Bank account opening & admin services
- Book-keeping, Accounting & (external) Audit services
- Location of commercial property
- Merchant & other Bank Accounts
- Payment Systems
- Web hosting & Co-Location
- Data Protection Audits
- Website Terms & Technology Contracts
- Branding & Trademarks
- Tax planning for related personnel
For further information, please contact Richard Melton on +350 200 76173 or via e-mail: rmelton@SovereignGroup.com.