5 STEPS INCLUDING TIMELINE TO LAUNCH AN ONLINE CASINO OR SPORTS BOOK Maxim Kerry mk@licensegentlemen.com *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! 1. 2 3 4 5 1. 5 STEPS Get an International iGaming license and plan ahead. Platform Provider. Why do you need one and which one should you choose? Sign a contract with the platform provider and start integrating. Get a bank account with a bank that supports high-risk businesses. Connect software providers. Choose games that fit your market, or choose a sports betting provider. Connect payment system providers to accept payments. GET AN INTERNATIONAL IGAMING LICENSE AND PLAN AHEAD. Obstacles to overcome KYC for the license is necessary. Di ff erent licenses have di ff erent compliance levels. For example, international Tier 1 licenses such as Malta's MGA or the Isle of Man have very high compliance levels. Naturally, it also takes longer to get the license. (It can take 4 - 12 months to get the Tier 1 license). With licenses from Anjouan or Kahnawake, compliance is easier. It also doesn't take as long to get these licenses. [It can take 2 - 12 months to get the Tier 2 license. This di ff erence is due to the di ff erent variants you can choose. The standard variant should take two months from A to Z.] *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! Gathering Documents Pre-approval process 6-8 weeks 2-4 weeks 2-4 weeks Company incorporation Pre-approval process 24-48 hours TIMELINE BLUEPRINT NEED A BAKING ACCOUNT? NEED A PAYMENT SYSTEM? 3 weeks 4 - 6 weeks No Yes Establishing Cyprus Company Finish Bank Account 4 - 8 weeks No Yes Payment Provider Integration Finish Finish Before you apply for the license, you need to register a company in a proper jurisdiction first. If you want to start fast, the application process for the license in Anjouan should be as follows. *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! 2. To work successfully, you need a platform. It allows you to access the dashboard of your casino or sportsbook. Here you'll see information about your earnings, GGR, games that bring the best results for your business. You'll use the platform to set bonuses for di ff erent games and di ff erent players. Deposit bonuses, welcome bonuses, reload bonuses, free play bonuses and manual cashbacks will be taken care of from here. All the KYC for your customers takes place here - you can request a number of documents from anyone you need for payouts. Your marketing systems are controlled from the backend of the platform. For example, player segmentation, A/B testing, and di ff erent reward scenarios. You may want to reward people who make a first deposit with you within the first 10 hours of registration, or you may want to retarget customers if they haven't played in more than a week. There are currently over 47 platforms for online gambling available. You can download a full list here PLATFORM PROVIDER. WHY DO YOU NEED ONE AND WHICH ONE SHOULD YOU CHOOSE? SIGN A CONTRACT WITH THE PLATFORM PROVIDER AND START INTEGRATING. Platforms di ff er in the following ways CUSTOMER SUPPORT You need to make sure you've good two- way communication with the platform provider. With some platforms, customer support isn't easy to reach. PRICE The di ff erence can be significant and you need to consider your budget when choosing the right solution for your business. THE TECHNOLOGY The markets they focus on. Some platforms focus only on regulated markets. Because the platform provider must obtain a license for a particular market in order to o ff er the platform, di ff erent platforms may have di ff erent licenses. PLATFORM FEATURES Some platforms are very basic and don't have many features that more advanced platforms have. 3. You need to distinguish between banks and EMI's in the industry. Some banks only work with Tier 1 licenses (or local licenses). Compliance levels and fees vary from bank to bank. Some of them have a "success difficulty level" of 10 out of 10. Work with banks that have sufficient capital and several years of experience in the market. GET A BANK ACCOUNT WITH A BANK THAT SUPPORTS HIGH-RISK BUSINESSES. Why do you need a bank account? You need to collect cash somewhere if you want to accept fiat (Visa, Mastercard). The payment system providers will use this bank account to transfer your funds. What're the challenges of opening a bank account? Gambling is considered a "high-risk" business. This means that you can't go to your bank to open an account and get started. You'll need banks that support high-risk industries and understand all the risks. Di ff erent licenses give you access to di ff erent banks and e-money institutions. Therefore, you'll need a license before you can open a bank account. What's important to understand? Opening a bank account for your casino/sportsbook business is a paid service. Even though you must already have a license, the bank will do their own compliance. It can take four to six weeks to open a bank account. WANT TO LEARN MORE ABOUT THE BANKS AVAILABLE FOR YOUR BUSINESS? Maxim Kerry mk@licensegentlemen.com You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com 4. *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! CONNECT SOFTWARE PROVIDERS. CHOOSE GAMES THAT FIT YOUR MARKET, OR CHOOSE A SPORTS BETTING PROVIDER. There are hundreds of di ff erent software providers on the market. Reputable software providers release a game every few months! With the right providers, you'll never have a shortage of slots, virtual sports or table games! Important to know Di ff erent games work in di ff erent markets. Something that works in Latin America won't work in Asia. A good example of this is NetEnt's "Narcos" slots. Inspired by the series on Netflix, the game became a blockbuster in LatAm market. Software vendors develop games for the market. Third-party companies certify the games and verify that the games o ff er fair odds for players (random number generator certificate). The standards ensure that the cards and game outcomes are statistically random and unpredictable. Click Here To Download There are dozens of software providers currently operating on the market. The most successful ones are presented in this file *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! Want to open an online casino with slot machines and live dealers? You should know these software providers What fees you pay for software providers? Find more information on Top iGaming Software Brands SET UP - different for each software provider. For some providers there are no setup fees. You should know these providers. MINIMAL FEE - A fee you pay every month. This is the fee you've to pay anyway despite your actual results. REVENUE SHARE FEE - The percentage you will pay from your GGR. The setup fee is a one-time fee. It's paid once for integrating software providers. You pay a minimum fee or revenue share deal. Important! You can get three months without paying any fees to get your business cranking. For example, if you earn $100,000.00 GGR and your minimum fee is $10,000.00 and the revenue share deal is 15%. In this case, your bill is $15,000.00 But if you earn $0 GGR you still pay $10,000.00 because that's your minimum fee. GGR = TOTAL BETS - SUM TO PLAYERS *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! TOTAL BETS - total amount of all bets made by players SUM TO PLAYERS - the sum of all payments paid by the operator to players For example, if the total amount of all bets placed by players - $700,000.00. And the sum of all payments to clients is $400,000.00. You will have to pay a revenue share from $300,000.00. GGR = $700,000.00 - $400,000.00 *GGR is a Gross Gaming Revenue To get your sportsbook up and running, you need to integrate it with your platform. The providers will do that for you. Just like software providers, there's a minimum fee and a revenue share. The price depends on which package you choose. Each package includes a certain number of live events that the sportsbook supports. For example, there are three options with 5k, 10k, and 20k live events. *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! 5. CONNECT PAYMENT SYSTEM PROVIDERS TO ACCEPT PAYMENTS. If you plan to accept more than just cryptocurrencies, payment system providers are your best friends. Paypal, Stripe, and other major providers don't work with high-risk businesses. Your choice depends on the market you want to work in and the maturity of your business. UPI is a good choice for IndiaPix is a good choice for Brazil Click Here To Download Leave your request here if you want to learn more about payment system providers in your GEO. BONUS. REQUIRED INVESTMENTS TO START YOUR BUSINESS Your initial investment includes: The license and a structure to accept payments and optimize taxes. The price can range from USD 20,000.00 to USD 100,000.00 (and more) depending on the type of license and structure. The platform will cost you between USD 5,000.00 and USD 100,000.00 to set up, depending on the platform provider. The sportsbook setup fee and minimum monthly fee can range from USD 20,000.00 to USD 50,000.00. The software provider will cost you between USD 5,000.00 and USD 15,000.00 to set up. A bank account will cost you USD 3,000.00. Payment system providers cost between USD 500.00 and USD 1,500.00 each. *You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from LicenseGentlemen.com Maxim Kerry mk@licensegentlemen.com Need more help with your license or your gambling business? Just send us a message! CONTACT US TO SEE IF YOU QUALIFY FOR A PERSONALIZED QUOTE Maxim Kerry mk@licensegentlemen.com Register Here Learn how to get your business ready for 10M+ in just four months and save yourself We'll share the three best software providers and the best sports betting provider that fits your business model. 100,000+ IN INVESTMENT. THE TIMELINE OF A REAL PROJECT. INCLUDING ALL PROCESSES TO SPEED UP THE START OF AN ONLINE CASINO. *Every project is different. It may require a different license, a different platform. It may take you much longer to open an online casino. *Contact us for more information. 3 10 17 24 31 7 14 21 28 5 12 19 26 2 9 16 23 30 6 13 20 2 7 1 3 4 2 6 3 1 3 4 2 0 5 2 7 6 7 3 16 1 0 1 7 1 7 1 8 2 4 1 9 20 PHASE TWO PHASE FIVE PHASE FOUR PHASE THREE PROJECT WEEK PHASE ONE OCTO BER Q4 NO V EMBER DECEMBER J ANUARY Q1 FEBRUARY MARCH Q2 APRIL UX and Design Documentation Platform Installation & API Incorporation and the license application Billing Agent Company and Payment Processor & Bank account P R O J E C T E N D Documentation Company Setup License Application Billing Agent Company Platform Installation UX and Design Games integration (API) Payment Processor Bank Account TODAY