Kahnawake licensing of online casinos
The jurisdiction is located in the province of Quebec. Efficient and profitable gambling business here is possible only when the company works according to licensing. The cooperation with a gambling commission is effectively regulated since it is responsible for all online casino activities. The commission monitors the honesty and transparency of the game process, stable payment of winnings and protects players. There are separate licenses for each type of gambling – for poker, casino, and bookmaker office. There are clear licensing regulations, which are easy to follow. Here are the requirements provided by the region:
- Restrictions on the game - age and on request of the family;
- Feedback system on the casino site;
- Protection against leakage of personal data of players;
- On the casino site, the user agreement must be stated in English and in an accessible form. The remaining supported languages are already at the request of the owner of the casino;
- Payment of winnings without delay;
- Registration time is four to five weeks;
- Registration fees - software testing before launching a gaming establishment will cost 15,000 Canadian dollars;
- Taxes are absent.
License costs depend on the type of license, which has four subspecies:
- Interactive - it is received by the hosting, which is registered in the jurisdiction, then it is already tied to a gaming establishment;
- CPA - no limit on the number of permissions. The holder can organize the work in any field of gambling;
- Secondary - such a license is issued to those entities that already have a license in any other jurisdiction, but they have a desire to extend it also in Kahnawake.
The cost of the license varies from 5 to 25 thousand Canadian dollars, depending on its type. Renewals cost 10,000 Canadian dollars.State support of the licensed casinos
The region commission is working on the licensing of good online casinos, poker rooms and regulation of their work. In addition, the organization is responsible for the release of new game developments. On the organization's servers, there are many internet casinos throughout North America. There are the following requirements to the licensed casino:
- Use of high-quality gaming programs;
- Ensuring safe and loyal play;
- Legal guarantees of payment transactions;
- Uninterrupted payment of winnings.
The license of the region provides such characteristics to the company:
- The availability and operation of licensed software in the background;
- Cooperation with independent audit companies;
- The guarantee of cash payments in all countries where game coverage is distributed.
The term of a license issued by an organization lasts two years. Every year a small fee is charged for using the services of the commission. The commission has the right to revoke the license at any time if there have been any violations of requirements or suspicious activities involving fraudulent transactions by the operator. A banner placed on the casino site indicates that all documents are available which is proved by the institution.Concluding
The relatively low costs and understandable regulations make this region useful among newcomers. However, the operator should be ready to really high demands and often checks. The state can close the license with the same ease as it opens it.