It’s no secret that casinos are one of the main income sources for Antigua and Barbuda. Millions of tourists from all over the world flock here! Moreover, many foreigners want to get citizenship of an independent Caribbean jurisdiction. The country offers conditions for a comfortable life and profitable business! Naturally, guests are attracted by beach holidays and various entertainment options. One of the local beaches, covered with soft pink sand, is 8 km long Long Beach, one of the most beautiful beaches in the world.
Tourists can enjoy water sports (fishing, surfing, diving), horse riding, swimming, and rum tasting). Some of them purposefully go for the excitement of land-based casinos! There are also about 100 online casinos registered here. These are gambling sites that carefully monitor industry trends and offer customers various bonuses, 80 free spins for $1 deposit, a variety of games, and qualified support.
Antigua and Barbuda were one of the first in the world to allow the registration of iGaming sites. Nodar Giorgadze mentions that Antigua and Barbuda received official permission from the WTO to infringe the intellectual property rights of US firms, but not more than $21 million per year. This happened after the United States blocked several online casinos registered here, causing damage to the country’s economy.
Antigua and Barbuda Land Based Casinos
As we have already said, many tourists travel to Antigua and Barbuda with the main goal of visiting a land-based casino. Moreover, taking into account the fact that the state’s area is only 440 km², the choice will be good:
- Asot’s Arcade Jackpot Casino Slots.
- Casino Riviera.
- Grand Princess Casino.
- King’s Casino (the largest casino in the country).
- Royal Antiguan.
- St. James Club Casino.
These are land-based gambling establishments of various sizes. For example, Asot’s Arcade Jackpot Casino Slots is a small hall where mainly classic slot machines are collected. King’s Casino is a large entertainment complex – a casino, restaurants, and a hotel with all related services.
Nevertheless, they will all delight their guests with a Caribbean flavor, attentive and friendly staff, delicious food, local rum, etc. It should be noted that Antigua and Barbuda casinos are not open 24/7. It will most likely not be possible to bet in the morning until lunchtime. Sports betting options are also somewhat limited. But there are many types of poker presented here – among them the Caribbean, or stud poker, invented in Aruba in the 80s of the twentieth century. Do you want to become a poker pro? The Gamblorium team knows everything about this game!
Antigua and Barbuda: Progressive Gambling Market
The country recognized the potential of the online gaming industry in 1994. It has adopted the Free Trade and Processing Zone Act. This law provided a legal framework for online gambling activities. In 1996, the Offshore Gaming Authority was created within the Financial Services Conduct Authority and became one of the first regulators to oversee online gaming. There are 2 types of gambling licenses in Antigua and Barbuda:
- Interactive Gaming – casino games, poker, roulette, slot machines, video slots, lotteries, etc.
- Interactive Wagering – for sports betting.
The difference between the two types of licenses is that the first includes an RNG verification. An Interactive Wagering license is suitable for bookmakers. They offer to bet on events with the outcome that can only be predicted, but the result is unknown in advance. Due to this circumstance, RNG is not used and is replaced by other programs to calculate betting odds and the winning probability. It is noteworthy that here, one company can get 2 types of gambling licenses at once.
Is it Difficult to Get an Antigua and Barbuda Gambling License?
Yes, it is quite difficult and expensive. Still, it’s worth it! First, the contenders will collect the necessary documents and submit the application. Next, they will go through the verification. The state will check their biographical data to make sure about their trustworthiness and honesty. The aim is to prevent criminal activities or money laundering. So, it will test RNG, player protection mechanisms, and data encryption.
The entire process can take up to 30 days. What about the disbursements? Even at the application stage, the contenders must pay a non-refundable fee of $15,000. Besides, they will have to pay an annual/monitoring system/business owner fee, and a guaranteed financial reserve of at least $100,000. The latter provides for the players’ interests. Simply put, it guarantees that the operators will fulfill their obligations (prize payouts in case of bankruptcy, license revocation, closure, etc.).
Antigua and Barbuda Gambling License: What are the Benefits?
There are quite a lot of them! Firstly, operators licensed here receive global recognition. Antigua and Barbuda gaming permits provide operator credibility and attract players from all over the world. Of course, it is important that the country has a well-developed telecommunications structure and reliable hosting services. This ensures smooth and safe online gaming.
Moreover, Antigua and Barbuda’s regulatory structure provides stability and consistency. Therefore, operators value a predictable business environment. Finally, one of the most essential advantages – gambling business owners operating on the state’s territory do not pay taxes to the treasury! Of course, no one will deny that such conditions are the most favorable for prosperity.
Will Antigua and Barbuda Maintain Its Leading Position?
Currently, hundreds of online gaming companies are seeking a robust onboarding and business-friendly environment! Thus, due to Antigua and Barbuda’s gaming approval, they have received great assistance. Of course, the state also benefits from this. Why do Antigua and Barbuda play a key role in the iGaming industry? It’s quite simple – it offers a robust licensing process and supporting infrastructure. So, its global recognition is justified! The industry evolves and the country saves its commitment to maintaining integrity and fostering innovation. This, in turn, will ensure its success as a gaming hub in the Caribbean and beyond.
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