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The Tobique Gaming Commission (TGC) is a self-governing body incorporated by The Tobique First Nation which is located in New Brunswick, Canada. TGC has been responsible for gaming licensing within Tobique's sovereign territory since October 13, 2023, the. The Tobique gambling license is a competitive alternative to the Curacao license, proposing similar features with no more requirements. It allows global operations, except with limited jurisdictions, which make it minimal bureaucracy and particularly accessible for the beginning business projects.
A Tobique Gaming License permits online casinos and gambling platforms to ensure their activity legally. This license guarantees that the platform complies with strict standards for fairness, security, and transparency, ensuring reliability for operators and players alike.
The Tobique Gaming license will be a great choice for startups and entrepreneurs looking to set up in the online gambling industry. The Licensee is cheaper than alternatives on the market and the licensing process is much more flexible, making it a perfect option for new entrants.
– Wide coverage
The Tobique gambling license stands out from traditional gaming licenses by streamlining the process. Unlike conventional licenses that require multiple certifications for various gaming activities, the Tobique gambling license allows for the legal offering of a wide range of gaming services under a single certification.
– Convenient taxation options
There are no additional gaming taxes on profits and licensing fees are significantly lower than others. Operators pay only an annual renewal fee, without a revenue percentage. The absence of corporate and income taxes allows operators to retain more earnings, promoting business growth and investment.
– Favorable geopolitical location
Tobique located in Canada and has a stable status and economic security which is conducive to long-term business operations leading to sustainable growth.
– Speed terms
The licensing process is comparatively quick and efficient. Enabling new companies to be set up and obtain licenses within weeks.
– Global Reach
The Tobique gambling license enables you to offer online casino services worldwide, with only a few exceptions (such as the UK, USA, Israel, Ontario, New Brunswick and FATF-sanctioned countries). Contact our team for the full updated list of prohibited countries.
The Tobique Gaming License cost includes preliminary review fee and fee for application:
(a) Preliminary Review – €2,500 EUR (two thousand five hundred euros), payable at the point of submission of the application for Preliminary Review (PR Fee);
(b) License application €33,500 EUR (thirty-three thousand five hundred euros), payable once the Preliminary Review has been approved and at the point of submission of the full License application (License Fee).
The second year of the license renewal will cost EUR 18000.
Also you need to consider a technical compliance fees that should be paid each year to the regulator.
However, the fees may change from time to time, but changes will not affect any License applications you have already submitted. Payment for the Fees shall be made by way of bank transfer to the account in the name of DLAG (Differentia Licensing Advisory Group Limited) which is appointed by Tobique to process License applications.
To secure the Tobique casino license applicants must meet a comprehensive set of criteria designed to ensure the integrity and financial stability of online gambling operations.
Key requirements include:
Expertise, credibility and good will
All company beneficiaries and directors must have an impeccable reputation with no criminal records. Applicants are required to demonstrate their experience and qualifications in the online gambling industry, proving their reality of the business activity and capability to operate responsibly and successfully.
Financial Capabilities
Confirm an existence of financial resources with a bank statement or other source of funds document serving as evidence of the project’s financial health.
Personal ID verification
For the Tobique casino license an applicant must provide necessary personal documents (for shareholders, beneficial owners and directors) as well as corporate documents for the company applying for the license.
Website Compliance
The home page of any remote gambling website maintained by a license holder shall contain a link to a page which displays the following information:
Internal policies
An applicant must ensure the availability of different internal policies such as AML/CFT, responsible gaming, privacy, and anti-fraud policies.
Appointment of high-risk officer
The Licensee should appoint Senior Compliance Officer/ MLRO and ensure that he have sufficient knowledge of the international regulations/ guidance and other applicable AML/CFT legal and regulatory frameworks, and experience in the implementation of AML/CFT controls within similar firms and the gambling industry in particular
Applicants need to collect and submit a complete set of documents: proof of identity, proof of residency, criminal background checks for all company officers and directors, and financial statements to demonstrate the business’s financial stability. Additionally, documents proving experience and qualifications in the online gambling industry, as well as certifications for software used in gambling operations, are required.
In whole we can distinguish such steps of the registration process for the Tobique gaming license register:
Tobique’s ability to issue licenses to a wide range of operators is grounded on its clear and strict regulatory framework. The regulation of Online casino license Tobique is designed to ensure the highest standards of fairness, security, and transparency in the online gaming industry. Tobique’s regulatory activities are governed by the following acts and laws:
Given its relatively recent introduction, the Tobique online Gambling license has certain limitations compared to more established licensors. Operators holding the Tobique Online Gambling License may need to stay informed about changes in both local and international regulations to ensure ongoing compliance and operational viability.
Jurisdictional Scope
The Tobique Online Gambling License primarily applies within the Tobique First Nation’s jurisdiction and may not be recognized or valid in other jurisdictions. Operators may face challenges if they wish to expand their services outside this region.
Market Recognition
Limited Market Appeal: The Tobique Online Gambling License may not have the same level of recognition or credibility as licenses from major gambling jurisdictions like the UK Gambling Commission or the Malta Gaming Authority. This can affect the attractiveness of the license to operators seeking global market access.
Financial Regulations
Banking and Financial Integration: There may be limitations related to banking and financial transactions, such as difficulties in integrating with global payment systems or challenges in handling cross-border transactions.
Regulatory compliance of the Tobique Online Casino License entails adherence to a comprehensive set of regulations established by the local gambling authority.
Operators should comply with key reqirements ensuring their gaming activity:
Carrying out safety and stability to the platform and services for the Tobique iGaming License the Regulator has established clear guidelines for admitting applicants. The Licensee is required to ensure some of these procedures:
– verify the client’s age and obtain documents to confirm their identity;
– prohibit opening anonymous accounts or accounts under fictitious names and each customer is limited to a single account on their platform;
– withdrawal requests may processed promptly and accurately;
– provide a detailed explanation of the withdrawal process, including standard processing times and applicable currency conversion rates. All these must be included in the terms and conditions on the operator`s website.
– marketing may not used to audience under the verification age of 18 years;
– all the design and content of the websites should not target minors The web site should include frequent warnings that individuals under the verification legal age are prohibited from opening accounts or participating in games.
This detailed approach helps to maintain the legality, integrity and security of the Tobique gaming environment.
The Tobique regulator provide clear rules to ensure the stability and prosperity of the online gambling activities under the Tobique Remote Gaming License. For this aim the Tobique First Nation implemented in their regulations the best international practice to uphold fairness, integrity and adherence to regulatory standards in their gaming environment. Bellow are listed main of these elements:
Operators must follow the restricted Content:
– not offer games related to animal cruelty, threats to life or exploitation of minors.
– avoid games with graphics that contradict moral or ethical norms and could damage the Tobique First Nation’s reputation.
Instructions below describe key aspects to provide effective gambling management tools :
– Ensure tools and procedures easily accessible and clearly described about it on your website.
– Clearly state the measures for implementing gambling management tools and inform clients to how to activate them.
– Allow clients to set different typers of gambling management tools: deposit limits, loss limits, or time reminders during registration or upon making their first deposit.
– Beware that clients can change these features at any time after registration and impose some restrictions on gambling management tools if you suspect a problem and inform clients of any such additional limits.
The company which will act as an online gambling operator can be incorporated during two weeks, while the license can be issued as fast as within four weeks after submission of the application with all necessary documentation.
The Tobique gaming license offers a comprehensive scope of permitted operations, enabling businesses to explore an extensive range of online gaming ventures. This license allows for the operation of online casinos, involvement in sports betting, management of lottery schemes, and provision of numerous table games such as poker, blackjack, and baccarat, among others. Moreover, it includes a variety of other chance-based games, presenting a flexible and detailed structure for operators to investigate various facets of the gaming sector.
The license is valid for 1 year and should be renewed on an annual basis.
Tobique gaming license cost itself is around EUR 40 000 for the application, issuance, and the first year of maintenance. However, you need to consider also additional costs such as expenses related to the company’s registration (price may vary depending on the chosen jurisdiction), legal fees, etc.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
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The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
