The casino industry is no longer a new concept, and it is increasingly beginning to gain momentum, the adoption of laws, according to which the prohibitions that were imposed on gambling in some leading countries are being relaxed, and in those where it was absent at all, it is slowly beginning to be introduced at the level of the Government.
For comparison, let us carry out a peculiar analysis of Canada, UK, the USA and Australia’s legislation concerning gambling and taxation.
Gamblin laws in Canada
Today more than 20 million Canadians are immersed in the gaming world. It is worth considering that the population of the country is 37.59 million. Thanks to such a number of players, Canada won the 8th place in the world ranking of online gambling (the leader is still the United States, China is in second place, the UK is in 5th place, and Australia is in 6th place).
The statistics of gambling industry development from 2011 to the end of 2021 show that the niche has been relatively stable over the whole time. There are no big jumps or drops. The figures remain approximately at the same level.
Popular types of gambling in Canada
As for the most popular types of gambling in Canada, it primarily concerns betting on sports and lotteries. Also popular include offline and online casinos, bingo, slot machines.
Over the past two years, due to the quarantine due to Covid-19, land-based casinos in Canada have sagged significantly in revenue, although this was already noticeable in 18-19. For example, casino revenues in Alberta for 2018-2019 confirm this trend with a 24% drop in offline casino revenue. As a result, to at least stay afloat, offline establishments are launching online casinos.
Gambling attracts only men, but that’s not the case in Canada: the player statistics are 54% male and 46% female. In addition, spending time for Canadians on the Internet for gambling is a phenomenon quite cheaper, according to the players, and more convenient than visiting land-based casinos. It should also be noted that when playing online, players have a higher percentage of their winnings – 96% – than if it were in a land-based casino. There it is only 60%. This is an important factor in the choice of games.
The impact of gambling on the Canadian industry
Gambling is one of the major industries in Canada. It’s worth noting that Canadians spend more than $4 billion a year using offshore casinos to play games. Still, $17 billion is the amount Canadians spend on online gambling. Thus, tens of billions of dollars in earnings are contributed to this industry.
Canadian Gaming Association Data says that this industry provides 182,500 full-time jobs. This undoubtedly makes this type of activity socially profitable. Statistics say that gambling made $2.65 billion in revenue for Canada last year, of which more than $1.2 billion came from online casinos. Nevertheless, most of the profits are still lost due to complicated gambling regulations.
This is due to the fact that the local, provincial Government must license online casinos. This just shows that the online gambling market is still in its developmental stage.
If the Canadian government changes its approach, the government’s revenue could be as much as $4 billion a year. In terms of per capita spending on online casinos, Canadians, on average, spend more than players in the US and UK.
The legality of gambling in Canada
Since 1999 all casinos in Canada have been officially legalized. Thus, the entire gambling industry in the country is completely legal and legitimate. Gambling laws are passed at the level of each province. This is also a kind of amendment to the law on the gambling industry in Canada.
For a Canadian casino to operate legally, the local Government must issue a license. Every province in the country has the authority to do this, except Saskatchewan.
However, only British Columbia, Quebec, Ontario, and Manitoba can license gambling according to the law. Therefore, if an online casino does not have the appropriate documents, its activities are allowed only at the local level.
If local authorities agree to allow gambling between their borders, then gambling can also be carried out on such arrangements.
Canadian criminal laws can only penalize regular land-based casinos, meaning if you don’t physically operate a casino in Canada, you won’t be prosecuted for not having a license.
Due to the fact that the gambling industry in Canada does not have a clearly defined framework of the law, any player, regardless of the Canadian or foreign nationals, does not pay taxes when you win at the casino. Taxation is carried out only if winning at a casino is a kind of earnings of a player.
However, as practice shows, there is nothing wrong with this type of taxation. On the contrary, this is another way to regulate the gambling market and replenish the province’s budget. In addition, it works as a tool for developing responsible gambling.
However, if you do charity work and just win at a casino as a player, and it is not your type of income, you do not pay any taxes to the treasury. The rules on taxation of online gambling in Canada are generally applicable to the entire gambling industry.
Online casinos shouldn’t focus solely on the Canadian audience when it comes to online casinos. No law prohibits Canadian residents from gaming on offshore sites.
Life doesn’t stand still, and all online casinos provide live roulette or live dealer poker games.
Undoubtedly, the future is not far off, and the success of online casinos is predetermined. VR technology will increasingly be introduced in them, and external circumstances only contribute to this.
Canada is one of the leaders in the gambling industry. Despite its 8th place in the world ranking, statistics show that Canadians spend more money on gambling than Americans or Britons. Because casinos have been legal in the country for a long time, this niche has grown strongly and has remained relatively stable over the years. However, Canadians are much less likely to visit real gambling halls and prefer online casinos.External events due to the pandemic and quarantine and the rapid development of technology only contribute to this change.
Canadian provinces are spending about $110 million to protect players from addiction, including research, prevention, and treatment. The percentage of gambling addicts varies from province to province, ranging from 0.7 to 1.4 percent of all gamblers.
The field of gambling is unique in terms of research methodology, namely studying international experience. International practice in the sphere of gambling is very different. There are no unified international standards or guidelines, which can be used as a model for business development in any particular country. And if Britain is getting stricter regulations, it doesn’t mean the whole world needs to regulate everything.
An important event has happened in Canada: On August 27, 2021, the law to legalize sports betting went into effect. This shows that despite the tightening of British laws regarding gambling, Canada is doing everything for the comfort and development of gambling.
Since 2015 there have been several attempts to legalize sports betting in Canada, and only in 2021, they managed to do this.
It shows that because of the ban on betting, $14 billion existed in the illegal field of the country, and 1/3 of that money went to international online casinos. All state authorities expect these funds to stay inside the country and be taxed. With the legalization of betting, “Canadians will be able to participate in sports betting in a regulated and safe environment.
The expert environment in Canada is intensely discussing the issue of taxation for bookmakers. For them, one unwanted illustrative example is the state of Pennsylvania in the United States, which has a total tax of 36%, and the license is $10 million.
Conventionally, each province in Canada will have a different price for a license. For example, on the website of Ontario’s regulator (Alcohol and Gaming Commission of Ontario), there is a general wording, without being specific about betting: a license for an online gambling site costs $100k. If the local Government does not change this situation, then in principle, we can say that the province goes its own way.
But what about the law?
By law, casinos and slot machines are illegal in Canada. The Federal Criminal Code (Criminal Code of Canada) prohibits land and online gambling. However, Canada’s province can organize and manage the gambling business. Thanks to “lottery” schemes, this solution is possible with an extensive spectrum: they can include any game and device. They are both games of chance and games that require a certain skill. Each province has its own regulators and laws in this area of activity.
The legislative framework of Canada gave the authorities of the Canadian region as the authorities that are operators and at the same time regulates the gambling industry. There are a number of common features in these pieces of legislation that they focus on.
There are a number of similarities in these pieces of legislation that they focus on.
protection of the public from the negative effects of gambling;
liability for gambling;
location and size of gambling establishments;
types of slot machines;
investigation, security and surveillance of gambling establishments.
the types and number of games offered;
investigation, security, and surveillance of gambling sites.
As for the oversight of horse racing, it is done in conjunction with the federal Department of Agriculture. They have a department of race supply. This is the Canadian Pari-mutuel Agency (CPMA). Its job is to regulate horse racing around the country, creating a proper legal framework.
According to the legislation of Canada, each province has lottery commissions such as The Western Canada Lottery Corporation, British Columbia Lottery Corporation.
Other regions have regulatory commissions for alcohol and gambling, such as Manitoba Liquor and Lottery Corporation.
Some provinces delegate some regulatory issues to law enforcement agencies to the Gaming Policy and Enforcement Branch in British Columbia.
The conditions for obtaining a license
What are the prerequisites for obtaining a gaming license in Canada?
An essential factor is that the very concept of a license in Canada does not exist. The government proposes the use of gambling through crown corporations. And the government operates through the commissions and corporations mentioned earlier. In some regions, lottery companies enter into agreements with private operators to provide ticketing services. This contractual principle eliminates the very idea of licenses.
Private businesses and government regulators cooperate with service providers. They provide services, equipment, goods or products. Companies providing services must be registered with local regulators.
However, each province imposes its conditions and requirements for authorization and contracting. In particular, British Columbia offers 4 types of permits, which vary in the amount of income from gambling. The permit is valid for 12 months.
Permitted types of gambling
Lottery schemes include various games and gambling products: poker; betting; sports betting; casino games; slot machines; gaming terminals; Bingo; and lotteries.
However, other than these, only charitable or religious organizations have the authority to provide Bingo and lotteries since they are not in the business of distributing slot machines or casino games.
As for the province of Ontario, it should be noted that it has the highest revenue of all provinces in the gambling industry – 35%. In addition, there are three government regulatory bodies in this region:
eTh Ontario Liquor and Gaming Commission (regulator);
the provincial authorities;
the Ontario Lottery and Gaming Corporation (operator).
The Ontario Liquor and Gaming Commission is a provincial royal agency founded in 1998. It regulates alcohol, gambling and horse racing in its region. Its mandate is to issue licenses for charities with lottery draws in mind.
Previously, the regulators were the Liquor Licensing Board of Ontario and the Gambling Control Commission.
The Ontario Lottery and Gaming Corporation is the government agency that operates land-based gambling establishments and web-based resources in the region.
Previously, the commissioners were such organizations as the Ontario Casino Corporation (OCC) and the Ontario Lottery Corporation (OLC). In 2000, the two bodies merged.
Gambling in Ontario is regulated by laws:
The Alcohol and Gambling Regulation and Public Protection Act of 1996;
Gambling Control Act of 1992;
The Racing Licensing Act of 2015.
All laws have additional provisions relating to certain aspects of gambling.
Online gambling in the country
Currently, Canadian law makes no distinction between land-based and online gambling. As a result, the province will carry out online gambling to conduct lottery schemes.A kind of “legal representatives,” namely the Royal Corporation, are often involved in the online gambling business, a state monopoly in Canada.At the end of 2014, the Quebec government published a report stating that the Criminal Code regarding online gambling should be amended. The Code also included an amendment allowing provinces to issue online gambling licenses to individuals.In 2016, Quebec banned access to illegal web resources.
Top online casinos
Ontario, Quebec, British Columbia and Alberta have the highest income from gambling. It is worth noting that Canada’s largest and most popular sites belong to these provinces. They are:
LotoQuebec – Quebec’s online lottery;
BCLC – British Columbia’s online casino;
WCLC, a Western Canada casino, is operating for the provinces of Alberta, Saskatchewan and Manitoba.
Additional entrants include the Yukon, Northern Territories and Nunavut.
Each website has many lotteries and other gambling games: casinos, sports betting, poker, and slot machines.Gambling in Canada has been successful since the 1990s, and the market volume is slowly gaining momentum. Nevertheless, residents of Canada invest significant amounts of money in playing on foreign online sites and casinos in the neighbouring United States. Therefore, the Canadian authorities aim to improve the gaming system and business in general to beat the competition.It should be noted that Canada is the country with the best program to protect society from addiction. That’s why the level of addicted gamblers here is low.
Gambling Taxes in the USA
Now let’s take a look at the gambling business in the United States and what taxes are available on winnings.
The United States boasts one of the highest win rates for lotteries and other games. It is all thanks to the fact that the country has many different lotteries and casinos – from private to federal. Also, lotteries and casinos are not legally prosecuted in the country.
If we look at the United States, things are a little different. Difficulties are due to higher tax rates, which vary significantly from state to state. Finding an illegal lottery or casino in the country is zero, as the local authorities actively fight against it. Moreover, Americans do not have them as a priority. The central tax on winnings from the lottery, which pays every country citizen, is 25% of the winnings. However, it would help if you did not forget that each state in the country is free to change the tax law under itself, because of which you will have to pay another 10-15 percent as an additional state tax. Fortunately, the maximum tax that can be collected on your lottery winnings state by state will not exceed 40 percent in combination with other taxes.
The states with the most lenient tax laws are California, Texas, Nevada (no additional tax on lottery winnings, only federal), and Michigan (additional tax is only 4.35%). You can also find lottery organizations in the U.S., which pay part or all of the tax.
States’ online gambling laws
According to the last few years, local governments have determined whether betting activities are allowed or prohibited in the state.
Online sports betting, online casinos and online poker are legal and available here, as it is the largest gambling market in the United States. More than 10 legal online casino and poker room sites are officially registered here.
Here, online sports betting has been allowed since 2018. In addition, online casinos and poker will begin official operations in 2020.
Betting on sports, online casinos, and online poker became legal in 2019. DraftKings, FanDuel and Unibet bookmakers operate here. Players have the option of betting offline as well as online via gadgets.
Sports betting has been allowed since 2019. Throughout the year, Iowa has opened several online betting shops. However, online casinos and poker rooms are still banned.
The government allowed sports bettors to work offline and online at the same time. In the same year, the government gave consent to the operation of sports bookmakers, online and offline. To date, there are three online bookmakers – DraftKings, FanDuel and BetRivers – and five more are expected to add to the list.
Sports betting has been officially allowed since late 2019, and DraftKings is the only company in the online marketplace. Poker rooms and online casinos are still banned in this state.
This state, with its famous Las Vegas. Nevada has been a monopoly in sports betting for over 20 years; online betting has been allowed here since 2010.
The legalization of online betting came in 2018. online casinos have been operating here since 2013. Poker rooms are also legal.
Online sports betting was legalized in 2019, with the first companies launching in 2020. However, online casinos and poker rooms are still illegal in the state.
Online sports betting is allowed and accepted here, starting in the fall of 2019. However, online casinos and online poker rooms are banned.
All kinds of online gambling have been allowed here in recent times: betting shops, casinos and poker rooms.
The state is considering allowing online casinos and poker rooms, with online sports betting legalized starting in 2019.
The state’s governor signed into law a bill to legalize online sports betting in May 2019. Intralot will operate Montana’s gambling market. Online casino and poker room operations are banned.
State officials passed an online sportsbook law in April 2019. The first resources are expected to launch in 2020.
The legalization of sports betting came in June 2019 in Illinois. And the first betting websites began operating in 2020. Licenses will cost $10 million.
Prospects for online gambling
Some states and individual cities are only considering allowing online gambling. And others are still having trouble with the bureaucracy and laws along the way. For example, California considers two bills to regulate gambling, while Florida is considering three. In addition, attempts to adopt gambling laws have been made in Kentucky and Kansas, while Massachusetts and Missouri consider it.
Online lottery in the US
American online lotteries are also subject to different rules set by local laws. In other regions of the country, permission for such activities was accepted by the state authorities. As a result, sometimes it takes several years to legalize online lotteries and launch the first resources due to internal rules and restrictions.
The launch of the online lottery here took place in 2012, with players able to access services from any city in Georgia. A variety of draws are available to customers, including Keno and interactive games.
The state was the first in the U.S. to allow online sales of lottery tickets – this happened in the spring of 2012. State residents can play on the Illinois Lottery website, which features daily draws and instant games.
The Michigan Lottery officially launched an online resource in the fall of 2014. At that time, Michigan residents were allowed to buy Instant Keno tickets and their electronic equivalents online.
The online lottery business launched in 2018, customers can now participate in online games with instant winnings. The selection is expected to be more extensive in the future.
In June 2017, the state passed a law allowing the sale of lottery tickets online. The launch of online lotteries occurred as early as 2018.
Online lottery ticket sales were allowed in this state in 2016. Daily lotteries and instant games can be played here. The secure online lottery ticketing system has been in development for three years.
The American gambling market is one of the most significant and most promising globally. However, it is subject to complicated and confusing rules: the high competition and government pressure on businessmen.
Legalization in the USA
Legalizing gambling is part of the global trend of decentralization of the economy. The global leaders, who have always been conservative about the sphere of gambling, have seen that it is more effective to legalize and control this industry than to let the matter go on its own.
For instance, 2021 is the record-breaking year for the gambling industry in the US, with over $44bn of income from gambling. That’s even more than the pre-pandemic year of 2019. Not least of all, the record revenue is set because the U.S. continues to legalize gambling. As ten states have launched legal sports betting since 2019, revenue has risen nearly sevenfold to nearly $1 billion. Seven other states have tried to legalize sports betting but have failed due to political standoffs. In Texas, for example, in addition to the political opposition, according to the state constitution, a referendum must be held after adopting the law on legalization, and it can happen not earlier than 2025. In the other six states (Alabama, Georgia, Kansas, Kentucky, Missouri, and North Dakota), legalization is expected in 2022.
Gambling license in the UK
The UK is among those countries that have legalized gambling and developed special laws for this sphere.
In 2005, the UK passed a law on gambling and online and classic casinos became legal. In 2007 a particular body was created – the Gambling Commission.
Gambling has special rights here. The law places no restrictions on this activity. Therefore, many clubs are officially included in the allowlist and enjoy the state’s trust. The advantages of online casinos in the UK include:
- availability of promotions on the trading floors, which guarantees payments to players;
- compulsory licensing, which guarantees the safety of players
- significant prize funds.
According to the Gambling Act, you have to get a license to provide gambling services. It applies to sports betting, slot machines, lotteries, casinos, Bingo, gambling software, etc. Each type of activity requires a specific type of license. There are two types of licenses: a remote management license and a personal license manager license. The second type is the most common. It is relevant for medium and large businesses. That said, every operator that works with general strategy, financial planning, marketing, IT or anti-corruption needs a personal license, which is reviewed every 5 years.
The gambling industry difficulties
The biggest problem is the constant increase in the number of players. It’s a surprising fact because the number of betting on sports has decreased in the last year. So, other types of games are coming forward.
Another problem is underage gambling. In 2017, the Gambling Commission introduced new restrictions on gambling marketing. For example, all casinos are required to review their ads and remove bright colours, cartoon characters, animals or illustrations, and expressions like “free,” “extra spins,” or “guaranteed win.”
Another recent restriction is mandatory age verification. It is now possible to enter gambling sites only with passport data. The website owner must confirm that all users are adults and, if necessary, provide proof to the Commission.
Other gambling restrictions
The Gambling Commission also imposes requirements on the technical support of casinos. For example, they need to keep data on all users and their transactions, record time and automatic play.
All games must generate random combinations to prevent possible fraud. The probability of winning should not be very low. Servers and software that are used in gambling must be audited annually. Independent auditors conduct it, and the results are given to the Gambling Commission.
A law has been passed in England to ban credit cards
UKGC regularly conducts research and collects data from other organizations about the level of problem gambling in the country. As a result, according to the official information, the UK is quite successful in combating the violation of users’ rights and the development of gambling addiction.
For example, 39% of users at the age of 16 took part in gambling, 8% of the respondents bet on sports online and 3% used the services of slot machines. Also, 22% of online gamblers who use credit cards suffer from gambling addiction or are prone to it. Some of the users have developed enormous debts to the banks.
The head of UKGC in the United Kingdom, Neil MacArthur, says that credit cards for gambling can cause a lot of financial damage to vulnerable people. It is because addicts gamble with money they don’t have, which exacerbates their financial situation and contributes to the development of gambling addiction.
The ban on credit cards for gambling applies to all kinds of land and online gambling. However, it does not apply to those types of lotteries, where payment is made by the client personally: for example, ground ticket sales points.
The exception was also allowed because national lottery retailers follow all the rules against addiction and discourage excessive gambling. As for the potential dangers of National Lottery games account for the lowest rate of problem gambling of all types – only 1%.
The multi-technical system GAMSTOP self-exclusion
Beginning March 31, all online operators nationwide must register with GAMSTOP’s multi-technical self-exclusion system. It is developed for online gambling resources and allows each player to independently impose restrictions on access to gambling from different operators by submitting an application.
There are a lot of gambling service providers on the territory of Great Britain, and all of them can accept self-restriction requests from users. Since it is very expensive to write to each operator separately, the UKGC simplified the process by gathering all of them into one system. As a result, users who sent their requests will be blocked simultaneously by all gambling operators.
This formation of restrictions is part of a program to implement the National Strategy to reduce harm from gambling. Along with the system GAMSTOP, other ways of limiting access will be used, such as software to ban gambling and block payment cards.
Other restrictions for gambling operators
Harsh restrictions for the gambling industry have been in place in the U.K. since 2014. At that time, evident anti-money laundering principles were formed. Since 2018, the rules regarding the operation of fixed-rate FOBT terminals have come into force – the law sets an upper limit on the possible bet. As of April 2019, the tax on online gambling increased by 6%.
Last year, ministers of the Department of Digital, Culture, Media and Sports held formal meetings with banking structures and gambling operators representatives. The possibility of companies in England to use new technology and user data to prevent the spread of dangerous gambling and the development of addiction in the population was discussed. There was also a discussion about banning the use of credit cards.
It should be summarized that the gambling industry in the UK is one of the most developed and well-regulated areas, despite the presence of various restrictions. This is due to the already adopted laws, which are constantly updated in accordance with the current needs of the market and the population, and the UKGC, through cooperation with operators and financial institutions, continues to form new rules.
Special mention should be made of the gambling laws in Australia. Thus, legal forms for Australian casino players allow Australians to play popular games and visit Internet clubs because there is no law in the country where the prohibition was explicitly spelled out, or at least there was a hint of such a prohibition.
In 2001, the Commonwealth Government passed the Interactive Gaming Act, which includes the intention to prohibit Australian gaming companies from offering online services to country residents. But this law only applies to service providers and does not prohibit consumers of these services from gambling.
The law does not prohibit online services, but only if the operator is registered in Australia. Such operators can accept players from countries where the gambling industry is legalized.
Residents are actively interested in gambling, so the Australian Government improves the legislation. Some states have already started to relax, and for example, gambling can now be organized onboard casino liners. Experts believe that there are all prerequisites for the successful development of the gambling industry in the country.
Gambling license in Australia
Gambling is rather popular in Australia. This kind of entertainment enjoys more than 80% of adults in Australia (it is the highest figure globally, every year, the Australian citizen spends $ 1.6 thousand more than residents of other countries). This is one of the first countries, wherein in 2001, after passing the legislation, the corresponding attention to gambling activity began to be paid.
Gambling regulation in Australia
In order to obtain a gambling license in Australia, it is necessary to study the laws of the country, as well as each state separately. The main law which regulates gambling in the country is the Interactive Gambling Act adopted by the Parliament of the Commonwealth of Australia in 2001. This law allowed online gambling legalization and began to regulate it. And in 2017, an amendment was introduced, additional licensing of gambling establishments by the authorities of the country, which also added ways to deny players the protection of gambling.
Under the 2001 law, the following are prohibited in Australia:
- Unlicensed iGaming products offered to Australians;
- Offering Australian iGaming products to other countries.
This law bans online gambling such as poker, roulette, online poker or Blackjack. Betting and car racing are not covered by the ban, with one condition that bets are not placed during the game, as well as online lotteries.
Nevertheless, the government has approved the purchase of their country’s gambling license to foreign providers. As a result, players can choose absolutely any site that suits them and take part in card games or other online games.
As in any other major civilized country, gambling in Australia is entirely legal, but there are pretty strict rules.
The Interactive Gambling Act regulating gambling activity was adopted by the Australian Government in 2001. Although the law is focused on the online gambling operators, the winnings of people are not taxed because it is not considered a professional activity but rather a recreation and entertainment.
The country’s Government interprets winning not as profit, but as the player’s luck, because having won this time, the player is likely to lose the next time. Access to online gambling is fully accessible; companies that are based in Australia can offer their services in other countries.
The taxes imposed on gambling operators depend on the company’s state of incorporation. The income that the state receives from taxes from gambling activities is about 15% of the budget.
The following taxes apply in the country:
- Sales tax is imposed on gambling activities such as sweepstakes, lottery ticket sales, bookmaking activities, etc.
- Net income tax – income generated from online poker, investment betting, etc., is taxed.
- Player’s loss tax – taxable activities such as sports betting, casino, etc.
- Licensing fees – casinos, lotteries, bookmaking, Bingo, etc.
Obtaining a gambling license in Australia
While each state has its gambling regulator, such as the Australian Capital Territory Gambling and Racing Commission; the New South Wales Liquor, Gambling and Racing Office; the Northern Territory Licensing Commission and others, there are still commonalities and specificities to be seen.
It is possible to identify the general features of the requirements that are given to applicants for a gambling license in Australia. The licensee must:
- Cooperate with law enforcement agencies;
- Ensure the safety of financial transactions;
- Limit the flow of funds (to avoid money laundering);
- Recruit staff based on an objective selection of candidates. All employees must be accredited and professional;
- Also, the licensee must keep the users’ personal information and worry about confidentiality;
- Conduct fair play and fight crime with preventive measures.
Peculiarities of registration of a gambling license in Australia
An essential nuance that entrepreneurs wishing to order a gambling license in Australia should pay attention to is the number of regulators responsible for controlling gambling activities in different states of the jurisdiction. Each of these regulators is entitled to impose its gambling licensing requirements, generally accepted, among which are:
- Hiring exclusively qualified personnel with sufficient experience in the gambling industry.
- Cooperation with law enforcement agencies.
- Compliance with AML/CFT policies.
- Compliance with confidentiality and protection of users’ personal information.
- Ensuring the security of financial transactions.
Separately, it is worth noting that gambling companies are not allowed to advertise online gambling by applying for a gambling license in Australia.
Acquiring a gambling license in Australia is an attractive option for setting up your own business. However, the licensing process itself cannot be called simple and quick. The solution to such a task requires serious preparation.