Highlights:
- Most often, a gambling license is issued for one year. Then, renewal is needed.
- Gambling license renewal is a time-consuming process, so businesses should apply for it in advance.
- Consider getting legal help to let experts oversee document preparation so that gambling licenses can be received without issues.
- Often, the cost of the casino license renewal is the same as of the initial process.
How Often Do I Need to Renew My Gambling License?
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Year
Most Often Renewal Period
There is no clear answer to this question, as the timing varies from jurisdiction to jurisdiction. Most often, the license is issued for one year. Then, renewal is needed. However, some authorities issue a permit for 10 years (e.g. Maltese Gaming Authority).
When to Submit a Renewal Application?
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Months
Before Expiry Date
As gambling license renewal is a time-consuming process, businesses should apply for it in advance. The exact time frame depends on the issuing authority, but we recommend applying for a renewal six months before the license expiry date. This way, you have enough time to correct errors, provide additional documents etc.
How to Renew a Gambling License
Since each jurisdiction has its own process for casino license renewal, we advise you to ask for legal help. Still, if you decide to renew the license on your own, here’s what you should do (regardless of the selected gambling authority):
Audit your business before applying for renewal
Step 1
The gambling jurisdiction will check your documents and financial stability to ensure there are no issues in this aspect.
Prepare all necessary documents for application
Step 2
Just as it was with the initial application, gambling license renewal requires the preparation of certain legal documents. Thus, review current policies and business documents to ensure they are up-to-date and compliant with current requirements.
Submit an application
Step 3
Many jurisdictions allow you to send a request to renew a gaming license online. You just need to log in to your profile and send a renewal request with all necessary documents attached.
Renewal Cost
Often, the cost of the casino license renewal is slightly cheaper than the initial process of obtaining a gambling license.
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Curacao Renewal Cost Annually
For example, in Curaçao, the initial license costs $20,000-$25,000, and the renewal cost is also $20,000, so it’s roughly the same and is paid annually. In Malta, initial costs for a license are €5,000 for the application fee and €25,000-€100,000 for the license itself. The annual license renewal fee is also €25,000-€100,000, so basically, you pay the same sum except for the application fee.
How Will I Know If My License Has Been Renewed?
You can check the status of your application in a personal cabinet on the gambling authority website. It shows all the stages of your application, including information about the completion of the renewal process. Sometimes, the gambling authority sends a notification to inform a business that the gambling license renewal process is successful.
What Happens If the License Expires
If the license expires, the access to the casino will be restricted for players from the country where the license used to be active. Therefore, you will lose a part of your customers. If you continue providing gambling services without a license, you will be fined. Therefore, we highly recommend ensuring that you have sent a renewal request before a license expires.
How Legal Pilot Can Help With Gambling License Renewal
Our experienced team is here to help you obtain a license, make sure it is up to date, and renew it timely.
The renewal process includes several steps and a number of checks for the licensors, so we will make sure that you pass them and everything goes smoothly.
There’s no need to worry about the validity of your license with our help – we provide support with the application process itself and assist in solving any issues that might arise in the process of application review.
Final Thoughts
Having an active gambling license is essential for the business continuity, so make sure to follow the steps indicated in this article for the timely gambling license renewal. You can apply on your own or hire a legal company to do it for you. By selecting the second option you ensure that the process will go smoothly and will be completed successfully. Whatever option you choose, remember to renew the license in a timely manner to avoid business interruption and getting fined for operations without certification. If you’re concerned about complicated renewal processes, jurisdictions like Tobique offer streamlined procedures that minimize administrative burden.
FAQ
The exact process of casino license renewal is provided on the gambling authority’s website.
It depends on the gambling jurisdiction, but renewal takes less time than the review of the initial license application. Often, it takes only several weeks.
