Latest News
Bet B2B: Jurisdictions in the gambling business – how to choose?
Online Gambling Control Jurisdiction is specifically established legislation in the regions of the world that allows the regulation and issuance of licenses to companies that operate online gambling and betting sites or develop and supply iGaming software. “These jurisdictions typically have organizations responsible for regulating and regulating licensing activities that provide licensing for consumption,” BetB2B noted.
In order to obtain a iGaming license issued by the relevant licensing authority, it is usually required that the site perform at least part of its activities within a particular jurisdiction.
Such licensing authorities usually screen companies applying for funding. Including verification of their financial activities, business model, security system, fair play controls and participation in anti-money laundering and anti-terrorist financing measures.
When choosing a jurisdiction for an iGaming startup, one of the most important aspects to consider, according to BetB2B experts, is the regulatory framework.
- Choosing a jurisdiction with a well-developed and transparent regulatory framework is essential as it ensures that business is conducted legally and ethically. This helps maintain compliance and builds players and stakeholder confidence.
Another important factor is the tax treatment offered by the jurisdiction. Some jurisdictions provide for more favorable tax structures for iGaming, resulting in lower costs and increased profitability. By choosing such a jurisdiction, startups can allocate resources more efficiently and maximize their financial benefits.
In addition, it is critical to consider the size and growth potential of the iGaming market in a particular jurisdiction. Choosing a jurisdiction with a large and expanding iGaming market gives startups the opportunity to grow their player base and expand their business operations over time.
“Jurisdictions often considered attractive for iGaming startups include Malta, Gibraltar, Curaçao and the Isle of Man”, BetB2B notes. “These venues offer a combination of favorable conditions that make them an attractive choice. However, it is important to conduct a comprehensive study and carefully assess the specific needs and goals of a business before finally deciding on a jurisdiction.”
BetB2B: Types of jurisdiction in the gambling business
There are several types of jurisdictions in which iGaming can be carried out. Among them:
- Licensed jurisdictions, in which the iGaming business is regulated and controlled by government agencies. They usually offer stability and reliability, but require strict adherence to license terms and conditions.
- Offshore jurisdictions, offering more flexible regulation and taxation, but at the same time with a lower level of stability and reliability in terms of legal protection.
- Jurisdictions with special conditions. Some jurisdictions offer iGaming businesses special tax breaks or permits for certain activities.
Each jurisdiction has its own unique features that may influence the choice for your iGaming business. Different countries have their own gambling laws. Some of them may have tougher legislation while others may be more loyal to the industry.
BetB2B notes that jurisdictions offer different tax rates and benefits for the iGaming business, and therefore can significantly affect your profitability. Online gambling control jurisdiction is a specially established legislation in the regions of the world. This legislation requires iGaming companies to obtain the appropriate licenses for their operations. These jurisdictions typically have organizations responsible for the regulation and regulation of licensing activities that provide licensing for consumption.
Gambling Jurisdiction Guide: BetB2B reviews
An important factor in choosing a jurisdiction is its reputation in the iGaming industry, which can inspire more confidence among clients. BetB2B, which has been one of the leaders in the market for providing ready-made solutions for business development in the field of betting and gambling for more than 12 years, has studied in detail the most requested jurisdictions by clients.
1. Europe
European jurisdictions such as Malta and Gibraltar are popular choices for iGaming due to their developed legislation, stability and tax incentives.
Choice factors: Reputation, availability of licensing, taxation, legal protection.
2. USA
The US has recently opened up an iGaming market in some states such as New Jersey and Pennsylvania. It is possible to obtain a license and work in a highly regulated environment.
Choice factors: State legislation, market potential, competition, taxation.
3. Asia
Some countries in Asia, such as the Philippines and Macau, have developed betting and gambling industries and offer favorable business conditions.
Choice factors: Regulation, licensing availability, market potential, cultural differences.
4. Africa
African countries such as Kenya and South Africa have a growing gambling market and offer very lucrative business opportunities.
Choice factors: Legislation, taxation, market potential, stability.
5. MANA (Marshall Islands, Anguilla, Niue, Ascension, Montserrat)
These islands offer special conditions for the gambling business, including tax incentives and flexible regulation.
Choice factors: Taxation, reputation, stability, availability of licensing.
BetB2B experts note that the choice of a particular jurisdiction can be important as it affects the taxation, regulation and legal protections available in a given area of activity.
Therefore, when starting a gambling or betting business, it is important to consider the various jurisdictions in which you can operate in order to maximize the success of your enterprise.
Once you have decided on such a jurisdiction, issued a license and are ready to launch your gambling website, it is worth finding a software provider that will help you create a quality and service.
BetB2B – IT-services for iGaming
BetB2B has been providing IT services to iGaming companies for 12 years for business development. BetB2B is a platform that offers a wide range of services in the betting and gambling industry, including software development and integration, payment processing, marketing and others.
For the convenience of the client and providing guarantees for the successful launch of the project, the company also undertakes to help you choose the right jurisdiction for you to start the iGaming business.
“BetB2B works with companies in various jurisdictions, including Europe, the USA, Asia, Africa and the MANA Islands”, the company’s experts comment. “Our knowledge and many years of experience in the field of requirements and conditions of each jurisdiction help to accurately choose the most suitable option for the client. After all, our goal is not just to launch your gambling business, but also to guarantee the absence of legal problems during work.”
To become a BetB2B client, simply fill out an application on the website bet-b2b.com and wait for a call from the responsible manager.
Latest News
$1M Thunderpick World Championship 2024: Teams and Finals Details Announced!
Thunderpick World Championship 2024 Announces Finals Dates and Teams
HEROIC, M80, Fnatic, and Falcons Among Teams to Compete for $1,000,000 Prize Pool in Championship Finals Commencing on Oct. 21
Thunderpick World Championship, a global professional CS2 tournament with a record-setting $1 million (USD) prize pool, announced today it will bring together the best players and teams in the world, including HEROIC, M80, Fnatic, and Falcons, to compete in its 2024 Finals, culminating in a two-day live event in Berlin, Germany on Nov. 2.
Leading up to the Grand Finals, teams — which also include Bestia, BIG Clan, BLEED, Cloud9, Imperial and Team Legacy — will compete in the online Group Stage on Oct. 21 to 25; and the Quarterfinals on Oct. 26. This follows six qualifier rounds across three global regions – Europe, North America and South America – which started in April.
“The Thunderpick World Championship 2024 is shaping up to be one of the most exciting tournaments of the year,” said Kelly Sanders, Head of Strategy for Thunderpick. “With the caliber of teams and record-setting prize pool, we can expect intense competition and high-quality gameplay that will captivate fans and players around the world.”
GRID is the official esports services provider and data partner of the Thunderpick World Championship. GRID’s comprehensive suite, featuring cutting-edge tournament tools, data visualization, and robust infrastructure, will be pivotal in enhancing the integrity, security, and commercial potential of the Thunderpick World Championship 2024.
This is the second year of the Thunderpick World Championship. In 2023, the total prize pool was $600,000 and FaZe Clan won the Grand Final.
Industry News
Andrew Cardno to Speak at Mid-year IGA about Safeguarding Data in AI-Enabled Tribal Casinos
Andrew Cardno, the Chief Technology Officer of Quick Custom Intelligence, a recognized expert in data analytics and gaming technology, will be a featured speaker at the upcoming Mid-Year Indian Gaming Association (IGA) conference at the Tulalip Resort Casino in Tulalip, Washington. He will deliver a presentation on the critical topic of “Safeguarding Data in AI-Enabled Tribal Casinos.”
As Artificial Intelligence (AI) continues to revolutionize the gaming industry, its integration into casino operations has opened new avenues for enhancing player experiences, optimizing business strategies, and improving overall security. In his session, Cardno will explore how AI is not just a tool for innovation but also a pivotal element in maintaining the integrity and safety of tribal casinos.
Cardno’s presentation will delve into several key areas:
- Personalized Player Experiences: Demonstrating how AI can tailor game recommendations to individual players, creating more engaging and customized gaming experiences.
- Advanced Security Measures: Highlighting AI’s capabilities in detecting and preventing fraudulent activities, ensuring a secure gaming environment.
- Optimized Pricing Strategies: Discussing how AI can help casinos adjust pricing dynamically to maximize revenue and enhance profitability.
- Enhanced Customer Service: Showcasing the use of AI-driven chatbots to provide efficient and personalized customer support, improving player satisfaction.
- Refined Marketing Approaches: Examining how AI can refine marketing strategies for more targeted outreach, ensuring the right messages reach the right audiences.
Cardno will also provide insights into how AI-driven efficiencies can significantly reduce operational costs, allowing tribal casinos to allocate resources more effectively and make data-informed decisions that boost overall profitability.
“AI is transforming the landscape of casino operations, offering unprecedented opportunities for growth and innovation,” said Cardno. “However, with these advancements comes the critical responsibility of safeguarding data. My session will focus on how tribal casinos can leverage AI to enhance their operations while ensuring that data security remains a top priority.”
Victor Rocha, Conference Chair of the Indian Gaming Association, expressed his enthusiasm for Cardno’s participation. “We are thrilled to have Andrew Cardno speak at this year’s Mid-Year IGA conference,” said Rocha. “His expertise in AI and data analytics is unparalleled, and his insights on safeguarding data in AI-enabled tribal casinos come at a crucial time for our industry. This is an important topic that impacts the future of gaming, and we are excited to offer our attendees the opportunity to learn from one of the best in the field.”
The Mid-Year IGA conference is a premier event that brings together industry leaders, tribal gaming executives, and technology experts to discuss the latest trends and challenges in the gaming sector. Andrew Cardno’s presentation, on Wednesday September 18th at 9am, is expected to be one of the highlights of the conference, providing attendees with actionable insights into the future of AI in tribal casinos.
Industry News
Clemence Dujardin, MyAffiliates Group CEO, to speak at SBC Lisbon to unveil ‘What is Next for the Gambling Industry’
MyAffiliates, a leading affiliate tracking software platform in the iGaming market, announces that their Group CEO, Clemence Dujardin, will be a key speaker at the forthcoming SBC Summit in Lisbon this month – providing insightful words on the future of the gaming industry as part of a highly coveted inspirational panel.
In 2023 Clemence Dujardin was recognised by iGB as one of the top 10 most influential women in the iGaming industry. Joining MyAffiliates in 2012, she is today their Group CEO, and highly well regarded across the industry. Her background spanned a number of industry sectors, including affiliate management and affiliate software technology companies before joining MyAffiliates, based in Malta.
Her exceptional leadership and contributions have been recognised with prestigious awards, including Malta’s Best Gaming Woman Leader of the Year in 2018 and 2019 and CEO Woman Of The Year at SiGMA in 2021. .
Her panel speaker slot at the SBC Summit, Lisbon will take place on the Super Stage – MEO Arena at 11.30-12.15pm on Thursday 26th September. It will answer ‘The Big Question: What is Next for the Gambling industry?’
Clemence will explore the future of sports betting, casinos, and affiliations as the panel will delve into the latest trends shaping the gambling industry. Experts predict significant digital integration and regulatory shifts that will redefine the landscape – and something Clemence will articulate in order to provide invaluable insights into these transformative trends.
Clemence Dujardin, Group CEO at MyAffiliates comments, “With ever tighter regulation, combined with increasingly enhanced digital capabilities, the gambling sector continues to provide exciting opportunities across the industry for business and growth. We’re witnessing this in affiliate marketing for the sector, and have done for some time. I’m thrilled to be joining this inspiring panel at the SBC Summit. Lisbon and look forward to a valuable discussion.”
MyAffiliates is an established affiliate marketing software platform, empowering iGaming operators to combine all of their gaming brands and products under one umbrella affiliate system. It has been in operation since 2007. In April 2024 it was publicly named as the ‘most used affiliate marketing software’ within the gaming industry following StatsDrone research.
As well as Clemence Dujardin, she will be accompanied at SBC Summit, Lisbon throughout by Milan Vucicevic, Head of Sales and Kurt Caruana, Brand Manager, both at MyAffiliates.
-
Asia2 days ago
Junglee Rummy Unveils the Grand Winnings Tournament Premiere Series with a 35 Crore INR Guaranteed Prize Pool
-
Compliance Updates11 hours ago
St8.io granted Isle of Man licence
-
EurAsia13 hours ago
Push Gaming expands in Georgia with Ambassadoribet
-
Latest News9 hours ago
Kindred Group extend six-year Middlesbrough FC partnership and cements long-term community commitment to supporters
-
Latest News13 hours ago
Virgin Bet is Chester’s New Partner & Title Sponsor
-
Latest News12 hours ago
ZingBrain AI adds game promotion tool and new analytics in latest update
-
Compliance Updates12 hours ago
EGBA: Finland’s New Gambling Legislation: A Step Forward, With Room For Improvement
-
Latest News12 hours ago
BGaming introduces flexible paylines feature in Royal Fruits MultiLines