History of Antigua and Barbuda Gambling
Here are the main cornerstones in the local gambling history:
- Since 1981, Antigua and Barbuda is an independent state, but it adheres to general English law. This is reflected in the subordination of all the rules of jurisdiction democratic principles borrowed from Britain.
- The adoption in 1982 of legislation "On international business corporations" included in Antigua and Barbuda various offshore companies.
- In the late nineties, the government developed a scheme by which it became possible to issue licenses to legal entities that are engaged in remote gambling.
Engaged in such matters department gambling Regulatory Commission financial transactions (FSRC Division of Gaming). He reports directly to the Ministry of Finance.
Obtaining Antigua and Barbuda Gambling Licenses
Licensors must comply with all the requirements that apply to them puts the above department. They are obliged to register users according to established rules, requesting certain information from them and checking their authenticity. Only persons who have attained the age of eighteen are allowed to gamble. On the official websites of online casinos have to be informed about a possible gambling addiction and contact organizations that provide assistance in such cases.
FSRC Division of Gaming provides licenses of two types:
- for online casinos,
- for bookmakers.
When applying for a license must pay $15,000. This amount is to cover the costs associated with the consideration of all the circumstances. If it is not enough, the applicant will have to pay. The license price is $100,000 (the casino) and $75,000 (the bookmakers).
Interesting Facts about Antigua and Barbuda
In 2010, the Kahnawake Gaming Commission and the Commission for Regulation of Financial Operations Antigua and Barbuda signed a Memorandum of Understanding, which helped to normalize relations between the two organizations, and made it possible to obtain licenses valid in both jurisdictions.
A few years in Antigua and Barbuda licensed many reputable casinos. Reviews of many of them are available on Casinoz.
Read more about Antigua and Barbuda gambling in the more detailed article.