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The Kahnawake Gaming License is one of the best choices for startups and small operators venturing into the world of gambling and iGaming. It is a popular and reputed option with global coverage, yet it costs significantly less than the other reputed choices available in the market, such as the Malta Gaming License or the new GCB Curacao License. Not only this, but a Kahnawake Gaming License also offers a handful of other advantages. Here in this article, we’ll discuss all that in detail.
Kahnawake Gambling License: An Overview
Kahnawake is an autonomous, Indigenous area in the Mohawk territory of Quebec, Canada. The local community of Kahnawake,
inhabited by the native population of the land, follows a culture deep-rooted in tradition. Although, nowadays, it has
embraced the contributions of globalization with open arms.
In order to gain economic diversity and enrichment, the Kahnawake Gaming Commission (KGC) was established in 1996. This brilliant move not only boosted the economy but also marked Kahnawake as the new and sizzling hotspot for cutting-edge iGaming and online gambling activities.
Kahnawake Gambling License is characterized by stringent regulatory requirements, robust security and player protection features, and commitments towards fair play practices as well as responsible gambling practices. When compared to other significant online gambling license providers like the Malta Gaming License or the Curacao Gaming License, the Kahnawake Gambling License covers a significantly larger area in the globe, and also costs comparatively less. These attractive qualities make the Kahnawake Gambling License one of the most popular gambling licenses in the world.
Keep reading to know more.
In order to gain economic diversity and enrichment, the Kahnawake Gaming Commission (KGC) was established in 1996. This brilliant move not only boosted the economy but also marked Kahnawake as the new and sizzling hotspot for cutting-edge iGaming and online gambling activities.
Kahnawake Gambling License is characterized by stringent regulatory requirements, robust security and player protection features, and commitments towards fair play practices as well as responsible gambling practices. When compared to other significant online gambling license providers like the Malta Gaming License or the Curacao Gaming License, the Kahnawake Gambling License covers a significantly larger area in the globe, and also costs comparatively less. These attractive qualities make the Kahnawake Gambling License one of the most popular gambling licenses in the world.
Keep reading to know more.
Types Of Kahnawake Gambling License
The Kahnawake Gaming Commission issues 6 types of licenses related to gambling. As a gambling business operator, you can choose the one best suitable to your needs. Here are the details:
Interactive Gaming License (IGL):
This is issued to operators who want to run an online gambling business including casino, slots, poker rooms, sportsbooks, and more. This permits all online gambling activities.
Client Provider Authorization (CPA):
This allows entities or organizations to operate on behalf of the Interactive Gaming License holders. Game developers and service providers in partnerships with license holders can benefit from this license.
Casino Software Provider Authorization (CSPA):
This one is for software developers who develop casino and gambling games and platforms. Having this license ensures that the company holding the license produces software that meets the KGC standards.
Live Dealer Studio Authorization (LDSA):
This license is specifically for those who provide live dealer games using physical casino tables, dealers, and streaming technology.
Inter-Jurisdictional Authorization (IJA):
This one is for those operators who already have a gambling license in another jurisdiction and want to extend their reach. This allows them to operate under KGC’s regulatory framework without needing a separate IGL.
Key Person Permit (KPP):
Finally, this license is issued to individuals involved in gambling businesses. The key persons or directors of companies that have a Kahnawake Gambling License are issued with this license in order to hold the responsibility to meet KGC standards at all times during their business operation.
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Kahnawake Gambling License: Global Coverage
The Kahnawake Gambling License is an internationally recognized authority offering worldwide coverage. However, it does have some restricted areas of operations. These include the US, the UK, parts of the European Union, and Canada.
Strategic Advantages Of Kahnawake Gambling License
Having a Kahnawake Gambling License offers gambling businesses and operators several advantages over the others. These advantages include:
Different options in license types:
The KGC offers a variety of options in gaming licenses, allowing businesses and entities to choose the one most suitable for their requirements.
Cost-effective and fast:
Compared to other reputed gaming licenses like the Malta Gaming License or the Curacao Gaming License, the Kahnawake Gambling License is more affordable, making it suitable for startups and small businesses.
Tax benefits:
When you opt for a Malta Gaming License, it is mandatory for you to set up a company in Malta and comply with the tax regulations. However, the Kahnawake Gambling License (similar to the Anjouan Gaming License) doesn’t require a company registered in some specific jurisdiction. Therefore, you can leverage this to your advantage and set up your company under a jurisdiction with minimal or zero corporate tax.
Regulatory support:
The KGC provides extensive support and help regarding responsible gambling practices and other regulatory compliances to make sure that the businesses holding the Kahnawake Gaming License always stay on the right side of the law.
Player protection:
The KGC also makes player protection their priority by making sure that the businesses holding a Kahnawake gaming license maintain fair play practices, don’t apply any unfair means, and protect players from online threats.
Reputation and recognition:
Finally, when it comes to reputation and worldwide recognition, it is similar to that of the Curacao Gaming License. It is recognized globally and covers a large global area.
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How To Get A Kahnawake Gambling License?
The process of acquiring a Kahnawake Gambling License is fairly faster and easier compared to other popular and reputed gambling licenses like MGA or UKGC. Here’s a step-by-step guide on how to get the license:
Submit Application With Proper Documentation
Once your company is registered, you may start with the application process. The documents required at this stage depend on the type of license you’re applying for. However, generally, you’ll need the following documents to submit along with your application form:
- Business plan
- Details of games and game software
- Company management system details
- Proof of RNG integration
- List of all directors of the company, along with their resumes and financial statements for the last three years
- Personal documents of all shareholders, key persons, and directors including:
- Confirmation of absence of criminal records
- Copies of passport, birth certificate, etc.
- Banking documents
- Annual financial statements
- Copies of utility bills, etc.
All documents must be in English. In case any of the documents are issued in another country in another language, they must be translated by a professional translator.
Background Verification
After receiving all the documents along with the application form, the authorities will perform meticulous background checks on the key persons involved, and make sure that the applicant business meets all the standards and diligence required to obtain the Kahnawake Gambling License.
Financial Audit
As the next step, the Kahnawake Gaming Commission will also review the financial condition of the company as well as check the financial statements of each of the key persons, in order to make sure that the applicant organization has the proper financial resources to run a gambling business.
Technical Standards Check
Next, the KGC will also check and make sure that the applicant organization meets all the technical standards that the KGC has mandated. This will ensure that the games offered by the business are safe, fair, random, and authentic.
Approval Of License
If all of these steps are completed without any problem, then the KGC will issue a gambling license to the business. the license will mention all the terms and conditions, games allowed under the license, restrictions (if any), and all other details.
Kahnawake Gambling License Renewal
Initially, the Kahnawake Gambling License is issued only for a period of 6 months. The applicant should apply for renewal at least 30 days prior to the expiry date of the license. At this stage, the authorities will perform an extensive review on whether the applicant has thoroughly maintained all of the diligence process during the operation period, and decide whether to reject the application, extend it for another three months, or renew the license for a period of 5 years.
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