How to Start an iGaming Business with 6 Steps (2022 Update)
by Anna G
Just after the pandemic of Covid-19 2022 is indeed a very interesting year for the iGaming industry. Metaverse, VR, Augmented Reality, Blockchains, Crypto Currencies, and Crypto Gambling, all have a huge impact on the iGaming sphere.
If you would like to start your Online casino then you are in the right spot.
HostingB2B with an extensive experience in Online Gaming – iGaming and with a handful of premium partners can offer A to Z solutions for your gambling business.
Whether you are a startup in the iGaming industry or an iGaming Giant,
our iGaming hosting solutions ensure your services are safe, secure, and Compliant. We have partnered with the industry’s advanced specialists to help you navigate location-specific compliance guidelines, regulatory concerns, and security threats.
Step 1 - Choose your Jurisdiction
The most famous one is Curacao and you can operate in the following countries
Banned: Can’t operate Countries United Arab Emirates, Brunei, Cambodia, North Korea, Japan, Singapore, Cyprus, and Qatar.
Blocked Access: Georgia, Sri Lanka, Austria, Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Italy, Poland, Romania, Spain, UK, USA and Panama.
Can operate in Greece, Hungary, Ireland, Latvia, Lithuania, Macedonia, Moldova, Monaco, Norway, Montenegro, Portugal, San Marino, Slovenia, Sweden, Switzerland, Canada, Dominica, and the Dominican Republic.
Do not operate in the USA, the Netherlands, France, Dutch West Indies, and Australia.
You can choose Malta for European and International Markets but after each country doing their own Gambling regime, they are excluding Malta from the accepted countries. Countries listed under the Malta Gaming License include any country that has not banned online gambling or require a local license.
Cyprus Betting license is only for sportsbooks and therefore is not recommended for small startups but for big Sportsbook companies like the ones already there is only for sportsbooks and therefore is not recommended for small startups but for big Sportsbook companies like the ones already there, BET365, PARIMATCH, FONBET, STOIXIMAN
With Canadian Gaming License you can play in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, The Prince Edward Island, Quebec, Saskatchewan, Yukon, Nunavut, and Northwest Territories.
Step 2 - Incorporate a Curacao Company
For the purpose of applying for the Gaming License and then creating a Cyprus company for a subsidiary getting the Payment providers (PSP’s) to onboard you and SEPA – IBAN transfers worldwide.
Step 3 - Choose your platform provider
Once you receive your license then it’s time to choose your platform provider. There are many platform providers but our company have extensive experience in the following platforms offering iGaming hosting and Managed Services for their iGaming Platform.
From there on you must choose the Gambling products you will offer to your clients.
- Sportsbook A sportsbook is a company or entity that accepts Baseball/Basketball/Boxing/Football/Golf/Mixed martial arts/Racing (both cars and horses)/Tennis/Soccer bets.
- Online Casino enables gamblers to play casino games. Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their websites. Assuming that the online casino is using an appropriately programmed random number generator, table games like blackjack have an established house edge
- Slots: A slot machine is a gambling game with spinning reels. Those reels have symbols on them, which land randomly after you place a bet and spin the reels. If these symbols line up, you win prizes based on which symbols fall on that “payline”.
- eSports: Esports, short for electronic sports, is a form of competition using video games. Esports often takes the form of organized, multiplayer video game competitions, particularly between professional players, individually or as teams
Step 4 - Choose your model of business
You can choose between Trunkey or White Label.
Trunkey solutions in iGaming is a type of project that is constructed so that it can be sold to any buyer as a completed product.
White Label solutions in Gaming is the most popular method of the new online casino launch. In an ideal scenario it means that developer provides ready-to-operate solution, which is tested many times and perfected due to extensive developer’s experience.
Step 5 - Find affiliates
iGaming affiliates are the ones who are necessary for a good start, they generate traffic for you. Knowing the industry from all sides, affiliates should have a platform where they publish blogs, reviews, casino bonuses, and other relevant information.
Step 6 - Choose your partners wisely
Depending on the model of business you will choose having a handful of trusted partners for everyday business tasks will reduce the administration workload and possibly some costly mistakes for you while you are in the startup business lifecycle.
Incorporate – Regulate– Operate
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