Antigua and Barbuda Division of Gaming

Casinos With a Antigua and Barbuda Division of Gaming License

The Role of the Antigua and Barbuda Division of Gaming

The Antigua and Barbuda Division of Gaming came into being in 1994. It is empowered by the International Business Corporations (IBC) Act, as well as the Interactive Gaming and Interactive Wagering Regulations. With a framework of financial, anti-money laundering and anti-terrorist financing laws, the island nation has become attractive to many online casinos.

Above all, the Antigua Division of Gaming has an established set of functions guiding its operations, which are:

• Protecting players and their overall interest at all times
• Preventing gambling companies from aiding money laundering
• Enhancing the industry to a tier 1 status for it to compete on the global stage
• Ensuring the regulatory regime is fair to all parties concerned.

Antigua and Barbuda Casino Licences

Generally, gambling companies are regarded and treated as financial institutions in the country, while online casinos are classified as interactive gaming. Obtaining an interactive gaming licence requires that a company carry out internal assessment and due diligence. 

All new online casinos must fully comply with the Money Laundering Prevention Act and the Prevention of Terrorist Finacing Act. As a result of this, they follow a strict licensing and post-licensing regime. 

Before granting a licence, the Division considers the following key criteria:

• Whether or not the applicant has the required reserve funds
• The level of company’s internal Know Your Customer (KYC) processes
• The safety of all casino systems and auditing of accounts
• Player protection systems and compliance with the Money Laundering Prevention Act and other regulations.      

Benefits of the Antigua and Barbuda Division of Gaming Licensed Casino 

The Antigua and Barbuda Division of Gaming has a solid reputation for protecting players. A straightforward licence application process, absence of unnecessary penalties and zero hidden charges have made the country attractive. Also, the regulator performs due diligence checks on casinos from time to time, hence most casinos in the jurisdiction are reliable.

Since entertainment and tourism contribute significantly to the country’s annual internal revenues, minimal taxes are levied on casino operators. In addition, licence grant, annual fee and reserve amount are affordable unlike other jurisdictions with similar licensing structure.

Benefits to Players

The Antigua Division of Gaming mandates all casino operators to conduct regular audits of their systems to make them fair and transparent. So players can rest assured that all casino games are fair. They also have a proper structure for entertaining and resolving disputes arising between players and the gambling operators. As a result, you’ll receive proper redress if you feel the casino has breached your right(s) as a player.

All casinos in Antigua and Barbuda must have a reserve fund, which the regulator maintains. Also, when you factor in the top-notch security found at these casinos, you’ll realise that your money is in very safe, reliable hands. 

Speaking of money, you can deposit and withdraw via several banking solutions without issues. Such solutions mostly used by players are e-wallets, online transfer and cryptocurrency, including Bitcoin and Ethereum.

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