The term gaming refers to instances in which the activity has been specifically permitted by law. The gaming and gambling industry has experienced very consistent growth since the days it was made legal, and results in the creation of an enormous amount of international revenue. This industry provides employment for a large portion of the mass population. This also encompasses, but is not limited to slot machines, card games, roulette, sports betting, online gaming, bingo, scratch card games, and charitable, private, and state lotteries. It is made up a large spectrum of bingo halls, casinos, bookmaking, various lotteries, and charities.

The gambling and gaming industry many times carries out business in legal casinos, and recently, in the virtual internet-driven gaming and online gaming industry. Gaming and gambling through online through the internet encompass games that are played through the internet, handheld and mobile devices with online capabilities. The online gambling industry is going from strength to strength and through the incorporation of innovative and dynamic technologies, the growth is set to continue exponentially for the foreseeable future. At a time when many market segments are struggling, iGaming is weathering to storm and finding new ways to meet the needs of clients all over the world.

Anjouan gaming license

Anjouan’s gaming license is the most reasonably priced offshore gaming license, making it a great option for business owners wishing to open an online gaming platform. This affordable choice enables companies to enter the online gaming market without having to shoulder significant financial obligations while yet gaining access to a reputable and regulated jurisdiction. It has one of the shortest processing times and offers a single license for all types of games of chance.

The online gaming license covers every kind of iGaming-related activity in one, single, license. Game providers, software developers and providers, operators, and games such as sports betting, online casino, lotto, online poker, eSports, live games, scratch cards and games of chance are all covered.

The betting and gaming Act of 2005 of Anjouan

The Betting and Gaming Act is under the Comoros Finance Commission authorization to legalize and regulate computer internet gaming, horse or greyhound betting and sports book betting, Casino, lottery and bingo. This Act established the Anjouan Betting and Gaming Board (“ABGB”), which handles the gambling activities within the Anjouan island.

Why choose Anjouan gaming license?

• Legality: The Anjouan Gaming License is recognized and respected by governments all over the world, giving the satisfaction of operating the business in a legal and compliant manner.
• Convenience: The process to obtain a gaming license in Anjouan is still the fastest and simplest, can even be applied online. It offers business owners a fantastic opportunity to test their concept before taking on a more difficult licensing jurisdiction owing to a simple process and simple ongoing maintenance.
• Cost-effectiveness: The cost of an Anjouan gaming license is very reasonable, making it a cost-effective option for businesses of all sizes. Setup and ongoing maintenance costs are affordable and accessible to all budgets, particularly those that are just starting.
• Flexibility: The Anjouan gaming license is very flexible, allowing you to offer a wide variety of games and services to your players.
• Zero gaming tax: Operators holding an Anjouan gambling license are exempt from paying any tax on their gross gaming revenue (“GGR”). This zero-gaming tax rate is significantly lower than that of many other jurisdictions, providing operators with favorable fiscal advantages.

Prerequisites for obtaining Anjouan gambling license

• Formation of an Anjouan company/ Anjouan international business company: – The first step in obtaining a gaming license from the Anjouan is the formation of an online betting or gaming company. The formation procedure requires submitting to Anjouan Corporate Services Ltd and the Gaming Board of Anjouan an application form specified in the Betting and Gaming Act of 2005, along with the necessary Know Your Customer (“KYC”) and due diligence documents.
• KYC and due diligence – Comprehensive background checks and due diligence are required for all beneficial owners, directors, managers, authorized signatories, shareholders/members of the entity, and agents with power of attorney.
• For individual
• A certified copy of passport or current driving license or national identity card showing the name, date and place of birth, nationality, signature of holder and data of issue/expiry. The document must be certified by a banker, lawyer or actuary or notary or accountant holding a recognized professional qualification
• Proof of residential address. Acceptable evidence includes an original utility bill, bank or credit card statement.
• Original Bank Reference.
• Certificate of Morality (Affidavit confirming that the individuals have no criminal track record)
• For corporate/partnership
• Certificate of incorporation or registration and the memorandum and articles of association or constitution or deed of partnership or Act de Société as the case may be. Document has to be certified by banker, lawyer or actuary or notary or accountant holding a recognized professional qualification;
• original bank reference;
• a certified true copy of latest audited account or annual report;
• a certificate of good standing;
• list of substantial shareholders (who holds not less than 5% of the voting power exercisable at the meeting of shareholder/member) and a list of directors, and corporate structure; and
• a certified copy of board resolution granting authority to its managers, officers or employees to transact business on its behalf.

The future ahead

The state of global economies does not seem to negatively or positively affect the gambling and gaming industry. Globally, not depending on the state of the economy, this exciting industry has stayed consistent and stable. The demand for the gambling and gaming industry relies on the rise of consumer incomes and also the state spending allotted. Specific corporations putting priority on strategic marketing to bring in specific consumers, and the overall efficiency of business operations to be able to turn profits. Smaller corporations focus on providing great services to individual locations. Larger gambling and gaming companies have many more advantages to create profit, as they have larger financial resources.