Alderney is a part of the Channel Islands administrated by the United Kingdom. The islands have a rich history and they are now legally considered as a self-governing, democratic territory and one of the principal Islands of the Bailiwick of Guernsey. The Alderney Islands are located outside the European Union; however, certain issues such as Foreign Policy are administered by the United Kingdom. With the support of the government, Alderney Island has emerged as an offshore financial hub.
Alderney has a vibrant financial industry. It also a very important gambling sector which has been promoted by the Government. The Government seeks to encourage online gaming and so most of the Alderney Gambling Licenses are issued in the form of Alderney Gaming License which allows operators to run online gaming platforms. The island also has a very favorable tax regime with a 0% Corporation Tax rate. Due to these features, remote gaming in Alderney has developed as a very strong industry.
Alderney Gambling License
An Alderney Gambling License for online gaming is issued by The Alderney Gambling Control Commission. An Online Gaming License in Alderney is issued by the Commission in Compliance with the Alderney eGambling Regulations, 2009 and The Alderney eGambling Ordinance, 2009.
There are two types of gambling licenses:
Category 1 e-gambling Licenses
A Category 1 License does not allow the holder to operate a gambling business, but it is essential for entering into contracts with players, promoting the games and verifying the identity of the consumer and managing his funds.
Category 2 e-gambling licenses
The category 2 License allows the holders to operate the games and takes bets and also use approved hardware and software for gambling.
It has been provided in the regulations that a holder of only a Category 2 License will not be able to contact consumers directly. As such, it must be noted that both the licenses may be required to operate an Alderney online gaming business.
There are two other categories of Alderney Gambling License:
Temporary e-gambling Licenses
These licenses permit the holder to perform the functions of both Category 1 and Category 2 licensees but only for a temporary period (29 days continuously, or for an aggregate of 59 total days of use within any six-month period.)
Category 2 Associate Certificate
An Associate certificate holder is normally a Foreign Gambling License Holder to whom a Category 1 License holder can divert his customers. It cannot be a Category 2 e-gambling license holder.
Preparing for an Alderney E-gambling License
An Alderney e-gambling license can only be issued to an Alderney Based company. So, Alderney company formation is the first step to obtain a license.
Alderney gaming license cost
The cost of an Alderney Gaming License varies according to the license that is sought.
An overview of the costs is:
Category 1 Licenses
Category 2 Licenses
Steps to obtain an Alderney Gambling License
The process of applying for a Category 1 and Category 2 License can be stated as follows:
Preparing and Submitting the License Application:
During this step, a notice needs to be published by the applicant in Alderney Gazette stating his desire to apply for a license. Then, the applicant has to submit the application with a fee of GBP 10,000. A meeting will then be arranged with the commission and if the commission is satisfied with all plans, a license will be issued after the payment of the required fee.
Preparing for launching the operations
During this stage, an assessment will be made about the gambling equipment, the internal control structure of the business and also of the capitalization status of the business.
On completing both the steps, a Letter of approval to commence operations would be provided and the names of the license holder will be uploaded on the commission website.
How to get a Gaming License in Alderney
Alderney has very stringent legislations but Alderney Casino Licenses and Gambling businesses enjoy a very high reputation. Empire has a team of Gaming experts with an expertise in Alderney Licensing and can assist you with the application process. The experts at Empire a renowned Professional Services & Advisory Firm dealing with Gaming law will assist in the completion of all the steps starting with company formation to commencement of business. You can reach the Online Gaming License experts at Empire through our website www.empireglobal.partners and or by email at firstname.lastname@example.org. We offer clear written contract agreements clearly mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.