Anjouan Emerges as a Potential Alternative to Curaçao for iGaming Licensing.Published August 5, 2023 by OCR Editor
From September 2023, Curaçao will be imposing stricter regulations on iGaming licensees. As a result, many new operators looking for faster and more affordable options are turning to the lesser-known Anjouan license. Slotegrator has investigated why this license is becoming popular for startups in the iGaming industry.
Online casino and sportsbook software provider, Slotegrator has highlighted the growing interest in the Anjouan license as a potential alternative to Curaçao for new iGaming operators. Curaçao has traditionally been a popular choice for startups in the iGaming sector due to its straightforward licensing process and low fees. However, new licensing regulations have made it harder for newcomers to obtain a license. In contrast, the lesser-known Anjouan license offers a quicker and more affordable alternative, allowing operators with tight budgets to enter the market efficiently. Although it has recently gained attention, the Anjouan license has been available since 2005, allowing companies to venture into the iGaming industry.
The Anjouan license differs from other popular licenses, such as Malta or Kahnawake, which require separate licenses for each gambling vertical. The Anjouan license is all-inclusive, allowing licensees to offer a wide range of gambling activities, including online casino, lotto, sports betting, bingo, scratch cards, games of chance, and more, as well as providing software and white-labeling services – all under a single license. Slotegrator's APIgrator game content integration solution further simplifies the management of a diverse gaming portfolio for Anjouan licensees.
The licensing process involves submitting a business summary, platform terms and conditions, and policies on responsible gaming, KYC, AML, underage gaming, and fair gaming. Background checks and technical tests are also conducted to ensure compliance with industry standards. Upon approval, operators can operate their brands from the island without facing GGR tax.
The Anjouan license offers affordability, validity for one year with an annual renewal option, eligibility for B2C and B2B operations, and exemption from gaming tax on GGR and VAT. Responsible gaming is a top priority under the Anjouan license, requiring operators to provide players with access to counseling or assistance services to prevent gambling addiction.
Petr Stehlik, a lawyer at Slotegrator, praises the convenience and opportunities the Anjouan license offers for startups entering the regulated market.
In conclusion, the Anjouan license presents a promising avenue for startup operators to launch a legitimate online casino business without significant financial burdens. With its streamlined process and cost-effectiveness, it is positioning itself as a strong contender to replace Curaçao as the preferred choice for new iGaming operators.