Latest News
Quality casinos – iGaming industry licensing
Conducting legitimate iGaming activities requires compulsory licensing. For this purpose, big players in the gambling business use offshore states. So, let’s find out how does casino registration take place and where is the best place to get a license?
In order to open and develop any business, special documents and permits are needed. Gambling license is one of the main documents, as the government is tightening the requirements for gambling companies. They believe that slot machines are dangerous enough for people because they can lead to addiction to gambling. Therefore, the gambling industry requires a license from all companies that want to legally provide their services including Australian software providers.
Online casinos and licensing
In order for players to safely enjoy legitimate video slot gaming, a casino must provide all necessary documents, including a license. This is the only way to verify the legality of the gaming club’s activities. Since the game is played for real money, it is important for customers to trust the casino and feel safe.
Casinos, bookmakers, poker rooms, and lottery operators are required to obtain a license in order to operate in online environment legally. All companies, which relate to the provision of gambling services, are obliged to draw up all the necessary documents, you can find more information as well as licensed casinos here – https://qualitycasinos.com.
Where do gambling providers obtain a license?
To obtain a gambling license, companies can use offshore zones. It is in such places that the legislation is loyal to all gambling and allows the registration of such activities. Organizers can use offshore areas as a legit place for providing services worldwide, including in states where gambling is banned.
To open a gaming company in offshore states does not require much effort and money. These states are not large, so they need the influx of money as a tax from gambling. Some large casinos pay substantial sums for the opportunity to operate under the flag of an offshore state. There are several significant advantages to getting a license in offshores:
- The casino owner can legally conduct his business.
- There is no need to overpay in the form of high taxes.
- Casino activities can be conducted internationally, in many countries.
- The registration process does not necessarily require the presence of the owner of the company.
- Offshore zones provide the fastest terms of registration of a casino.
- Registration does not require reports and other additional documents.
Licenses can be issued by a number of countries, which have their own unique requirements for companies. There are certain conditions that must be adhered to, otherwise there is a risk of losing your license. Before choosing a particular state for registration, you should carefully study all the information about obtaining a license in this country. You should also familiarize yourself with the reputation of the offshore zone. The casino owner must find out how much to pay for each month of the license to conduct gambling activities.
What documents will be required to obtain a license?
There is a certain set of documents that are needed to obtain a gaming license for a casino:
- The owner must write an application requesting a gambling license.
- Provide verifiable information about the company that will engage in gaming activities, including address and phone numbers.
- Make copies of key documents that confirm the identity of the founders of the company.
- Need to prove the existence of an office or main building. Utility receipts can be used for this purpose.
- Copies of documents that show the official existence of the firm.
- Copies or bank statements that will show transactions with money.
Offshore states for gambling business
Jurisdictions of some countries allow you to open a casino license quickly and inexpensively. For example, the most popular are Malta, Curacao, the Caribbean Islands, Panama, and the Dominican Republic. The cost of the license may be from 5 thousand dollars. In some cases, the business owner will have to pay more than 40 thousand USD.
Some countries may refuse to consider a business application. Because Gibraltar accepts only those clients who have extensive experience in the successful operation of the business. After the registration of the license, gaming operators must pay a daily tax on profits.
But in Panama, managers will not be asked for any extra documents, and the tax rate is either minimal or it does not exist at all. Sometimes it is required that one of the owners of the company is a resident of the state where it is planned to register a business. After receiving a gaming license, the casino owners immediately come under the regulation of the laws of the country where the license is issued. He is obliged to obey the laws of that country, as well as to fulfill all its obligations. Otherwise, he may lose his license or face criminal liability.
Conferences in Europe
NEW HORIZONS FOR ZETTAONLINE AFTER SBC SUMMIT
Milena Tsankarska, Chief Commercial and Marketing Officer, represented ZettaOnline at the SBC Summit, leaving the event with promising new opportunities for the company. The summit, held from September 24th to 26th, 2024, at the Feira Internacional de Lisboa, brought together some of the top global experts in the gaming industry in the Portuguese capital.
“We have the chance to exchange ideas and form promising new partnerships which faced directly our marketing strategy to expand our services to different markets by establishing and cultivating long-term partnerships with new clients,” shared Milena Tsankarska. “At Lisbon our team was actively involved in engaging with industry peers, showcasing our cutting-edge solutions, and discussing potential collaborations that could drive mutual growth and success,” she added afterwords.
More than 600 exhibitors showed their new products and services within the gaming and entertainment industry in Lisbon. There also were a variety of dynamic conference formats where 450+ speakers shared their experience, and everyone had the opportunity to connect with 25,000 industry professionals.
“We would like to thank the organizers for hosting such an outstanding event. We’d also like to extend our gratitude to our esteemed partners and clients for the opportunity to reconnect, explore new possibilities, and create memorable moments together,” said Milena after the SCB Summit. At the SBC Summit, there were several themed areas like the Casino & iGaming Zone, Sports Betting Zone, Player Protection Zone, ESI Lisbon – Esports, Gaming & Creators Zone, and two summits: Payment Expert Summit and Affiliate Leaders’ Summit.
Next stop for Zettaonline’s team is BEGE/EEGS, which are two of the premier events in the gaming and entertainment industry. The Balkan Entertainment and Gaming Expo (BEGE) will showcase the latest innovative technologies and trends from across the sector. The Eastern European Gaming Summit (EEGS) is an annual gaming conference, just parallel to BEGE, with more than 400 industry representatives from 25 countries. For more information about our participation and to book a meeting with us, please contact [email protected].
Latest News
MIRACL partners with Continent 8 to offer its single-step passwordless MFA solution to simplify the login experience
MIRACL’s passwordless multi-factor authentication (MFA) service adds to Continent 8’s multi-layered cybersecurity and regulatory compliance suite of solutions, providing secure, frictionless logins on any browser or device.
MIRACL, a provider of passwordless multi-factor authentication (MFA), today announces a new partnership with Continent 8 Technologies, a leading provider of global managed hosting, connectivity, cloud and cybersecurity solutions to the iGaming and online sports betting industry.
This collaboration has enabled Continent 8 to enhance their regulated cybersecurity product portfolio with MIRACL’s secure, single-step MFA solution, offering the most secure and efficient authentication experience possible.
MIRACL’s MFA service streamlines the authentication process with a single personal identification number (PIN) code or device-based biometric. This allows players to access an online service via browser or app in under two seconds – 20 times faster than traditional multi-step MFA methods. Crucially, this means MIRACL enjoys the highest Login Success Rate, 99.9% on average, which leads to increased traffic and conversions, boosting revenue and enhancing user experience.
The solution also saves cost by preventing account takeovers and minimising account resets, allowing gaming operators and suppliers to reduce IT helpdesk and infrastructure support costs.
The MIRACL MFA solution delivers banking-grade security through a zero-knowledge framework, ensuring that no security-related information is stored or shared. By eliminating credential exchanges, the service is fully resistant to all remote and brute-force attacks, including credential stuffing, man-in-the-middle, password spraying, phishing, replay and SMS fatigue, thereby offering zero vulnerabilities. The MFA solution complies with the most stringent security and privacy regulations, including MFA legislation requirements for the regulated iGaming and online sports betting industry.
Rob Griffin, CEO at MIRACL said “The shift to mandated MFA by regulators is set to be a massive change in the industry with requirements changing quickly across the globe. MIRACL meets 100% of these requirements for 100% of users while also massively improving their experience.
Over the last 25 years, Continent 8 has become a trusted authority within iGaming in respect of cybersecurity, regulatory adherence and the art of provisioning gaming services that delight their customers. MIRACL’s innovative solutions exceed customers’ expectations in all three of these realms so for us, Continent 8 is the perfect partner. We look forward to bringing our passwordless, single-step MFA to their global client base.
While operators can understand conceptually the potential for passwordless authentication to increase revenues and save costs, they need a trusted and expert partner to help navigate the path. Working closely in tandem, MIRACL and Continent 8 can meet that sizable customer need to ensure customers realise the massive ROI that MIRACL’s passwordless MFA enables.”
MIRACL’s passwordless MFA solution will be part of Continent 8 and C8 Secure’s (a Continent 8 company specialised in cybersecurity) comprehensive suite of multi-layered cybersecurity solutions. The current portfolio includes VAPT, Compliance Audit, DDoS, EDR & MDR, Mobile Protect, SafeBait, SIEM & SOC, V-Scan, Backup and WAAP services, among others.
David Brace, Principal, Innovation & Technology at Continent 8, said: “Speed, uptime, compliance and security are the pillars of our business, whether it be infrastructure, connectivity or the protection of digital assets. By partnering with MIRACL, we add an MFA service that protects players from fraud and cyber attacks, meets regulatory compliance and offers operators a swift, password-less MFA experience.
“This strategic alliance is a significant step forward in our ongoing mission to be the trusted cybersecurity and infrastructure partner for the regulated iGaming and online sports betting industry.”
Latest News
7777 gaming signs strategic agreement with R. Franco Digital, expanding reach in Spain and Latin America
7777 gaming signs a strategic agreement with R. Franco Digital, a prominent player in the gaming sector and part of the Orenes Group. This partnership sees 7777 gaming’s extensive portfolio of casino content distributed across Spain and key markets in Latin America, where R. Franco Digital has a significant presence.
Through this agreement, players in these regions will gain access to 7777 gaming’s popular and diverse titles, including Devil’s Deal Soul for Sale, Cash 100, Crazy 100 Bucks, Thracian Treasures, Crazy 20 Bucks, Barbarian, Candy Anyways, Club Mr. Luck, Jinn, Sea of Treasures, and many more. Known for their innovative features and captivating gameplay, these games are set to bring a fresh wave of excitement to players across Spain and Latin America.
Zhana Aleksandrova, Business Development Manager for Spain & Latin America at 7777 gaming, commented: “The signed agreement with R. Franco Digital gives us another level of motivation and dedication to two very important markets for us – Spain and Latin America. R. Franco Digital has a strong presence, a wide network of partners, and an audience that loves exciting and innovative casino games. We are confident in our mutual success and are looking forward to receiving feedback from the players’ community.”
Guillermo Ruipérez, Head of Sales at R. Franco Digital, added: “We always strive to adapt our offerings to the requirements of our clients and their players. Our partnership with 7777 gaming aligns with our mission to offer the latest and most innovative gaming concepts available on the market right now. We are constantly upgrading and expanding our portfolio of providers to ensure that our clients are satisfied with what we can offer.”
This collaboration represents a significant step forward for both companies, as they work together to bring high-quality, engaging casino games to new and existing players in these vibrant markets.
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