Features of M&A Transactions in Crypto
A gambling license grants a business the legal authority to operate, whether it’s an online casino, sportsbook, poker room, or lottery. It is not merely risky to operate without one; it is illegal.
A license is issued by a regulator or government, but laws vary by jurisdiction. In the UK, for example, companies need approval from the UK Gambling Commission (UKGC); in Malta, from Malta Gaming Authority (MGA); and in Kahnawake, Canada from the Kahnawake Gaming Commission.
Getting a gambling license is more than just paperwork. Companies have to prove financial stability, steer clear of shady dealings, and put strong safeguards in place to prevent fraud and protect players.
The cost varies widely—some licenses are affordable, while others require serious investment. A Kahnawake license costs around $40,000 for the first year, while a UK Gambling Commission license can be £30,000 or more, depending on business size.
A valid license builds trust, allows business to work with banks and payment providers, and keeps them legally compliant. Without one, operators risk fines, shutdowns, or even being blacklisted, making it impossible to operate in many markets.
Required documents for anjouan gaming license
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Key Advantages of Crypto M&A
Our Legal Services
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Valid passports for all key personnel, including directors and major shareholders.Assistance with Application for an Anjouan license
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Proof of address for key personnel (issued within the last 3-6 months).
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Recent bank statements to verify financial stability.
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Clean criminal records (issued by official authorities).
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A detailed resume of professional background, qualifications, and industry experience for each key person.
Avoiding Crypto M&A Pitfalls
Here’s a general guide on how to get a gambling license:
Step 1 Choose the Jurisdiction
Research different jurisdictions to find one that aligns with your business needs. Some well-known options include the Vanuatu Gaming Authority (VGA), Anjouan Offshore Finance Authority (AOFA), Malta Gaming Authority (MGA), Kahnawake Gaming Commission (Canada), and Vanuatu Gambling Authority. Some regions have strict rules and higher fees, while others offer a quicker and more affordable approval process.
Step 2 Register Your Business
First, the company needs to be officially registered in the country or region where it’s applying. In most cases, businesses choose offshore jurisdictions for their flexible regulations and tax benefits. This means registering a legal entity—whether it’s an LLC, corporation, or equivalent—and submitting details about the ownership structure, shareholders, and directors.
Some regulators require the business to have a physical office there or a representative in their jurisdiction for oversight, while others allow remote registration. If you’re considering an offshore setup, MGL can guide you through the process and help with everything from paperwork to compliance.
Step 3 Prepare Necessary Documents
Gather personal documents for owners and key employees, such as passport copies, utility bills, clean criminal record, CV, and proof of funds. The exact list of required documents depends on the jurisdiction. For example, in addition to the documents mentioned above, obtaining a Malta Gambling License requires a Source of Wealth Declaration, a Personal Declaration Form, and a Statement of Affairs template.
In addition to personal and incorporated documentation, you need to implement anti-money laundering (AML) and Know Your Customer (KYC) policies. This includes verifying player identities, monitoring transactions, and ensuring all funds are legitimate.
Many regulators also require operators implement a responsible gaming policy to protect players, such as deposit limits, self-exclusion options, and help for those struggling with gambling addiction.
Step 4 Pay Application Fees
Each jurisdiction has its own fee structure. In some cases, payment is required before submitting documents, while in others, it is due afterward. Application fees also vary from jurisdiction to jurisdiction. For example, a Kahnawake Gaming License costs around $40,000 for the first year, while a Malta license can range from €25,000 to €100,000, depending on the business size and type.
Step 5 Submit the Application
On top of that, businesses must pay application fees, yearly renewal costs, and gambling taxes, which vary depending on the licensing jurisdiction. Once approved, operators must submit regular reports and undergo inspections to keep their license valid.
Step 6 Software and Gaming Compliance
In some cases, such as Kahnawake, a company's servers must be located within the licensing country for better oversight.
Step 7 Await Approval
The licensing authority runs background checks on owners and executives to ensure they have no criminal records. They also review financial records to confirm the company has enough funds to operate smoothly and cover payouts.
Once everything is in order, the regulator grants the license, allowing the business to operate legally.
The time it takes to get a license can range from a few weeks to several months, depending on the jurisdiction. Some places, like Anjouan and Vanuatu, process applications quickly, around 2-4 or 4-8 weeks, while others, like Malta and the UK, require more time, 4-8 and 6-12 months.
Step 8 Maintain Compliance
After getting the license, the company must stay compliant, submit regular reports, and pass periodic inspections to keep its license valid.
HOW IT WORKS
How to Get a Gambling License
Here’s a general guide on how to get a gambling license:
Step 1
Choose the Jurisdiction
Research different jurisdictions to find one that aligns with your business needs. Some well-known options include the Vanuatu Gaming Authority (VGA), Anjouan Offshore Finance Authority (AOFA), Malta Gaming Authority (MGA), Kahnawake Gaming Commission (Canada), and Vanuatu Gambling Authority. Some regions have strict rules and higher fees, while others offer a quicker and more affordable approval process.
iGaming M&A Consulting
Navigating the gaming license process can be complex. Here’s a streamlined guide to each step
Navigating the gaming license process can be complex. Here’s a streamlined guide to each step
Navigating the gaming license process can be complex. Here’s a streamlined guide to each step
