It makes 0 sense for anyone to lend such a license
Exactly, lending a license is illegal if I recall because that means that you're trying to impersonate another business in favor of your business so it can operate normally. Any form of evasion to register a license is illegal right?
Topic: Gambling license - page 2. (Read 744 times)
It makes 0 sense for anyone to lend such a license
Exactly, lending a license is illegal if I recall because that means that you're trying to impersonate another business in favor of your business so it can operate normally. Any form of evasion to register a license is illegal right?It makes 0 sense for anyone to lend such a license
+1 here. It makes 0 sense for anyone to lend such a license
Exactly, lending a license is illegal if I recall because that means that you're trying to impersonate another business in favor of your business so it can operate normally. Any form of evasion to register a license is illegal right?Depends on the regulation agency and how they "share" the license, it's not necessary illegal.
Under the same license there can be different trading names/websites, if he registers as a trading name under the license and acts within the guideline, then he is not breaking any rule.
It's in a grey area, but as long as he doesn't break any rule then there's not much the agency can do.
For the subject, the business model it represents, who is it better for? For the lender of the licenses or for the borrower? Because looking at it from a logical point of view, the advantage should be the lender of the license.
Whoever lends the licenses, I imagine they do it to test how things turn out on their site, the problem is that if the site turns out to be very successful, while paying the license rent, they may not have enough money to process the own licenses for the site, because I would have to make a loan of money and there would already be two debts that I would have to face, but my question is, is the license rental business really profitable? because it is obvious that philanthropists who want to help others grow in this area there are none.
Whoever lends the licenses, I imagine they do it to test how things turn out on their site, the problem is that if the site turns out to be very successful, while paying the license rent, they may not have enough money to process the own licenses for the site, because I would have to make a loan of money and there would already be two debts that I would have to face, but my question is, is the license rental business really profitable? because it is obvious that philanthropists who want to help others grow in this area there are none.
For "lending" I'd say it's more like "sharing".
There are serval reasons why people might consider sharing their license to others.
Maybe it's a start-up casino, a small casino that doesn't make much profit, or a casino that's about to cease their operation.
In such case they might consider sharing their license in exchange for some additional profit.
One side can make extra profit and one side can rid out the hustle of applying for a license, so it's a win win situation.
It makes 0 sense for anyone to lend such a license
Exactly, lending a license is illegal if I recall because that means that you're trying to impersonate another business in favor of your business so it can operate normally. Any form of evasion to register a license is illegal right?
It makes 0 sense for anyone to lend such a license
For the subject, the business model it represents, who is it better for? For the lender of the licenses or for the borrower? Because looking at it from a logical point of view, the advantage should be the lender of the license.
Whoever lends the licenses, I imagine they do it to test how things turn out on their site, the problem is that if the site turns out to be very successful, while paying the license rent, they may not have enough money to process the own licenses for the site, because I would have to make a loan of money and there would already be two debts that I would have to face, but my question is, is the license rental business really profitable? because it is obvious that philanthropists who want to help others grow in this area there are none.
Whoever lends the licenses, I imagine they do it to test how things turn out on their site, the problem is that if the site turns out to be very successful, while paying the license rent, they may not have enough money to process the own licenses for the site, because I would have to make a loan of money and there would already be two debts that I would have to face, but my question is, is the license rental business really profitable? because it is obvious that philanthropists who want to help others grow in this area there are none.
As others have mentioned, it depends on where is your targeted region.
Caracao license is the easiest you can get as far as my knowledge, basically as long as you pay for their fees you can get a license from them, there's not much of regulatory.
But if you want to operate in countries like UK and some other EU countries, you will be required to obtain a license from local agency like UKGC.
It will be harder to get one because they will really look into your operation practice, like AML and gambling responsibility measure etc.
And you could easily lose your license if you're not operating in their guideline.
And yes, technically you can "rent" a license from someone who is already registered.
Basically you will be "sharing" the license, so both of his and your websites are operating under the same license.
The problem is, if he or you violate the license regulatory, both of you will be punished.
So I'd say, if you're intending to get a license in Caracao, then just get one for yourself.
Because it's easier to get and there will be less problem.
If you're intending to get a license from agencies that have tighter regulatory, then you can consider to rent the license from someone else.
Just make sure both of you are operating within the guideline.
Caracao license is the easiest you can get as far as my knowledge, basically as long as you pay for their fees you can get a license from them, there's not much of regulatory.
But if you want to operate in countries like UK and some other EU countries, you will be required to obtain a license from local agency like UKGC.
It will be harder to get one because they will really look into your operation practice, like AML and gambling responsibility measure etc.
And you could easily lose your license if you're not operating in their guideline.
And yes, technically you can "rent" a license from someone who is already registered.
Basically you will be "sharing" the license, so both of his and your websites are operating under the same license.
The problem is, if he or you violate the license regulatory, both of you will be punished.
So I'd say, if you're intending to get a license in Caracao, then just get one for yourself.
Because it's easier to get and there will be less problem.
If you're intending to get a license from agencies that have tighter regulatory, then you can consider to rent the license from someone else.
Just make sure both of you are operating within the guideline.
In this article, he can see how much the price for each license is.
https://merehead.com/blog/cost-to-start-an-online-casino/
https://theislandnow.com/blog-112/offshore-gambling-license-which-one-to-choose/
https://www.gaminator-system.com/en/how-to-start-an-online-gambling-business-quickly-gaminator-expert-answers
Besides that, maybe he can adjust his budget before selecting one of the licenses on that article. But I do not know if that price is the same until today. Maybe he can check for each license to know more. In each article shows him about licensing and build a gambling site.
I do not think renting a gambling license will solve the problem since he can spend much more money than registering his own license. But that will be up to him.
https://merehead.com/blog/cost-to-start-an-online-casino/
https://theislandnow.com/blog-112/offshore-gambling-license-which-one-to-choose/
https://www.gaminator-system.com/en/how-to-start-an-online-gambling-business-quickly-gaminator-expert-answers
Besides that, maybe he can adjust his budget before selecting one of the licenses on that article. But I do not know if that price is the same until today. Maybe he can check for each license to know more. In each article shows him about licensing and build a gambling site.
I do not think renting a gambling license will solve the problem since he can spend much more money than registering his own license. But that will be up to him.
We don't know his reasons why he will go to the route of renting instead of acquiring his own license.
But for less trouble, I believe, it is better to buy your own rather than renting it from someone else's.
These days, there are already cheaper options, and a lot are choosing this Curacao gaming license.
Look also for maintenance requirements, because they may require you some documents/information that you need to regularly supply your license provider.
OP is now inactive and doesn't responded on this thread. We don't know what the status already. Maybe time now to forget this thread as without OP's update, we are just giving our repetitive comments and suggestions.
No owner in their right mind will make an agreement that is not officially sealed and under the law. Aside from that, both parties on agreement knows their respective identities in personal. But like other saying, it's illegal and I doubt that's really the solution. I don't even think that someone will rent a license as complying with the legit license is just easy.
OP is now inactive and doesn't responded on this thread. We don't know what the status already. Maybe time now to forget this thread as without OP's update, we are just giving our repetitive comments and suggestions.
Yes you are correct about that and I didn't state anything that there would be a person who are willing to rent his/her gambling license. I just said the possibility that MIGHT happen IF EVER SOMEONE WILL RENT HIS/HER LICENSE to OP. It is kind of funny how the word IF like used in WHAT IF didn't help what i just said. OP is not even coming back to this thread for answering questions or even update us. OP is now inactive and doesn't responded on this thread. We don't know what the status already. Maybe time now to forget this thread as without OP's update, we are just giving our repetitive comments and suggestions.
It is legal but the jurisdiction of the country you will be renting the site is the issue and also you must prove what kind of activity you will conducting because it is risky for the owner if you put bad activity in their license .
Even if it's possible to rent license even if it is illegal to base on some replies here in this thread as it is against the tos but what if the owner of the license let op rented it but later on then the owner will take back (by reporting that it is stolen/illegal acquiring of the license) or voided the agreement they made in renting the license then op will be force to use his/her own lincense (which should have been the first choice) or run his/her own gambling site without license. No owner in their right mind will make an agreement that is not officially sealed and under the law. Aside from that, both parties on agreement knows their respective identities in personal. But like other saying, it's illegal and I doubt that's really the solution. I don't even think that someone will rent a license as complying with the legit license is just easy.
Exactly, gambling is big business, involved huge money in the beginning, so why not start at the right foot with your business and buy an official license. At least the owner can sleep very well knowing that his business is running smoothly.
OP is now inactive and doesn't responded on this thread. We don't know what the status already. Maybe time now to forget this thread as without OP's update, we are just giving our repetitive comments and suggestions.
Perhaps he already find the solution to his problem, or worst he read our constructive criticism but doesn't want to take action. Either case, still up to him to follow us. So goodluck to him (whenever he wants to come back and reply to us).
It is legal but the jurisdiction of the country you will be renting the site is the issue and also you must prove what kind of activity you will conducting because it is risky for the owner if you put bad activity in their license .
Even if it's possible to rent license even if it is illegal to base on some replies here in this thread as it is against the tos but what if the owner of the license let op rented it but later on then the owner will take back (by reporting that it is stolen/illegal acquiring of the license) or voided the agreement they made in renting the license then op will be force to use his/her own lincense (which should have been the first choice) or run his/her own gambling site without license. No owner in their right mind will make an agreement that is not officially sealed and under the law. Aside from that, both parties on agreement knows their respective identities in personal. But like other saying, it's illegal and I doubt that's really the solution. I don't even think that someone will rent a license as complying with the legit license is just easy.
OP is now inactive and doesn't responded on this thread. We don't know what the status already. Maybe time now to forget this thread as without OP's update, we are just giving our repetitive comments and suggestions.
^ I did not hear that, I don't know if renting is applicable to sold or change on the other hand.
If I were on OP, I will purchase my own license that renting this and that is right, it is very risky at all to rent and it could be questionable to the country regulatory if the name of the license is irrelevant to the running gambling brand.
However, I have heard Malta is the cheapest place to buy a license, you can read this article on how to get a license in the online gambling business.
https://slotegrator.pro/analytical_articles/how-to-get-an-online-gambling-license-in-malta.html
I did not hear too and that is why I said even if it's possible to rent in the post above. I agree with your point that those who wants to run a gambling business then they have to get their own gambling license instead of finding another way to have license but as far as I'm concerned those who want to have license must get their own license the right way. If I were on OP, I will purchase my own license that renting this and that is right, it is very risky at all to rent and it could be questionable to the country regulatory if the name of the license is irrelevant to the running gambling brand.
However, I have heard Malta is the cheapest place to buy a license, you can read this article on how to get a license in the online gambling business.
https://slotegrator.pro/analytical_articles/how-to-get-an-online-gambling-license-in-malta.html
It is legal but the jurisdiction of the country you will be renting the site is the issue and also you must prove what kind of activity you will conducting because it is risky for the owner if you put bad activity in their license .
Even if it's possible to rent license even if it is illegal to base on some replies here in this thread as it is against the tos but what if the owner of the license let op rented it but later on then the owner will take back (by reporting that it is stolen/illegal acquiring of the license) or voided the agreement they made in renting the license then op will be force to use his/her own lincense (which should have been the first choice) or run his/her own gambling site without license. If I were on OP, I will purchase my own license that renting this and that is right, it is very risky at all to rent and it could be questionable to the country regulatory if the name of the license is irrelevant to the running gambling brand.
However, I have heard Malta is the cheapest place to buy a license, you can read this article on how to get a license in the online gambling business.
https://slotegrator.pro/analytical_articles/how-to-get-an-online-gambling-license-in-malta.html
It is legal but the jurisdiction of the country you will be renting the site is the issue and also you must prove what kind of activity you will conducting because it is risky for the owner if you put bad activity in their license .
Even if it's possible to rent license even if it is illegal to base on some replies here in this thread as it is against the tos but what if the owner of the license let op rented it but later on then the owner will take back (by reporting that it is stolen/illegal acquiring of the license) or voided the agreement they made in renting the license then op will be force to use his/her own lincense (which should have been the first choice) or run his/her own gambling site without license. 
Ok thanks, personally I was told that rental was also legal just don't know the procedure. Which is why I posed the question here. But I'll look into the legality of it more.
It is legal but the jurisdiction of the country you will be renting the site is the issue and also you must prove what kind of activity you will conducting because it is risky for the owner if you put bad activity in their license .I think this kind of thing should be inquired in your country because that's how it's supposed to be, you only get license in your country since you should be responsible for paying taxes since you're building a business. And it's not rental, you may renew it but it's not rental of some sort.
and also about the operation way because who will be responsible for the damage once he maltreated the License borrowed towards him. Ok thanks, personally I was told that rental was also legal just don't know the procedure. Which is why I posed the question here. But I'll look into the legality of it more.
There's no such thing as rental license since it will breach the ToS of any licensing entity. Maybe you are pertaining to a temporary gambling license instead which you are allowed to operate within 30 to 60 days before they will require you to apply a full license. Whoever suggest you that there's a gambling license should provide a valid source to avoid being scammed by impersonator offering this kind of service.
Facts about temporary gambling license: https://www.gamblingcontrol.org/regulation-framework/a-temporary-egambling-licence/
For sure but OP didn't reply nor active on this forum and leave this thread open. We can't verify what is his real intention, somehow he was trick that renting license is available that's why he inquire here first before availing the shady service of that person.
I hope that moderator will saw and lock this thread since this thread will be target by spam post if remain open for a long time. The thread is already concluded.
In this article, he can see how much the price for each license is.
https://merehead.com/blog/cost-to-start-an-online-casino/
https://theislandnow.com/blog-112/offshore-gambling-license-which-one-to-choose/
https://www.gaminator-system.com/en/how-to-start-an-online-gambling-business-quickly-gaminator-expert-answers
Besides that, maybe he can adjust his budget before selecting one of the licenses on that article. But I do not know if that price is the same until today. Maybe he can check for each license to know more. In each article shows him about licensing and build a gambling site.
I do not think renting a gambling license will solve the problem since he can spend much more money than registering his own license. But that will be up to him.
https://merehead.com/blog/cost-to-start-an-online-casino/
https://theislandnow.com/blog-112/offshore-gambling-license-which-one-to-choose/
https://www.gaminator-system.com/en/how-to-start-an-online-gambling-business-quickly-gaminator-expert-answers
Besides that, maybe he can adjust his budget before selecting one of the licenses on that article. But I do not know if that price is the same until today. Maybe he can check for each license to know more. In each article shows him about licensing and build a gambling site.
I do not think renting a gambling license will solve the problem since he can spend much more money than registering his own license. But that will be up to him.
We don't know his reasons why he will go to the route of renting instead of acquiring his own license.
But for less trouble, I believe, it is better to buy your own rather than renting it from someone else's.
These days, there are already cheaper options, and a lot are choosing this Curacao gaming license.
Look also for maintenance requirements, because they may require you some documents/information that you need to regularly supply your license provider.
In this article, he can see how much the price for each license is.
https://merehead.com/blog/cost-to-start-an-online-casino/
https://theislandnow.com/blog-112/offshore-gambling-license-which-one-to-choose/
https://www.gaminator-system.com/en/how-to-start-an-online-gambling-business-quickly-gaminator-expert-answers
Besides that, maybe he can adjust his budget before selecting one of the licenses on that article. But I do not know if that price is the same until today. Maybe he can check for each license to know more. In each article shows him about licensing and build a gambling site.
I do not think renting a gambling license will solve the problem since he can spend much more money than registering his own license. But that will be up to him.
https://merehead.com/blog/cost-to-start-an-online-casino/
https://theislandnow.com/blog-112/offshore-gambling-license-which-one-to-choose/
https://www.gaminator-system.com/en/how-to-start-an-online-gambling-business-quickly-gaminator-expert-answers
Besides that, maybe he can adjust his budget before selecting one of the licenses on that article. But I do not know if that price is the same until today. Maybe he can check for each license to know more. In each article shows him about licensing and build a gambling site.
I do not think renting a gambling license will solve the problem since he can spend much more money than registering his own license. But that will be up to him.
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