The Most Relevant Gambling Licenses in 2024
The gambling industry continues to attract the attention of both entrepreneurs and players worldwide. To ensure fairness and the safety of gambling activities, many operators seek gambling licenses from various jurisdictions. In 2024, several countries and territories have emerged as particularly sought-after destinations for obtaining gambling licenses.
Kahnawake is a territory of indigenous peoples located in the province of Quebec, Canada. It offers some of the most favorable conditions for gambling licensing. The Client Provider Authorizations (CPA) license issued in Kahnawake covers all types of online games.
- 0% taxation on gambling profits
- 100% ownership for non-residents
- Low license fees
License processing times typically range from 10 to 12 weeks.
Anjouan (Comoros Islands):
The island of Anjouan is part of the Comoros Islands and also offers attractive conditions for licensing gambling businesses. Anjouan is a great choice for small operators seeking a quick project launch. The license covers all forms of gambling, including casinos, poker, totalizators, lotteries, software provision, and white-labeling services.
- 5% tax on net gambling revenue
- No restrictions on non-resident ownership
- Fast license acquisition
License processing times usually take 1 to 1.5 months.
The Philippines have been attracting gambling operators for many years due to their relatively lenient regulation of the industry. Licenses are issued by the Philippine Amusement and Gaming Corporation (PAGCOR). The Philippines are a good choice for gambling projects, but restrictions on non-resident participation can pose challenges for larger international companies.
- Low taxes, with just 5% on net gambling revenue
- Simplified licensing process for small local projects
- Relatively lenient industry regulation compared to other Asian jurisdictions.
In 2024, gambling licenses represent diverse options for gambling operators. However, regardless of where they obtain their licenses, responsibility and compliance with the law are crucial for ensuring a fair and safe environment for players. Before considering obtaining a license in any of these jurisdictions, we recommend consulting with IT-OFFSHORE experts.