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Possible Licensing for Online Casinos: 1

A new licensing jurisdiction is now in place for the online casino gambling industry. The Seychelles is an archipelago of islands set in the Indian Ocean and located off the coast of Kenya. The Seychelles has just passed some new legislation that provides a framework for the licensing and housing of online casino gambling companies out of the island nations. Although there are hundreds of internet casinos in the global market, the number of valid licensing jurisdictions is much smaller. For the Seychelles, passing legislation that offers internet gambling companies favorable taxation policies and great support services is a surefire way for the islands to boost the economy and attract international interest.

There is a whole lot of money to be had from the online casino gambling industry – internet gambling sites can often operate with a very high revenue and profit margin. For the licensing jurisdiction, offering the gambling companies lower taxes on their revenue and profit will attract some of those existing companies to the islands while also inviting new online casinos to base their operations out of The Seychelles. With the confirmation that The Seychelles is now a qualified licensing jurisdiction for the online casino gambling industry, regulations and new policies are in the initial stages of implementation – there is expected to be very little lag time until the Seychelles is ready to license and operate internet casinos off of some of the 115 islands that The Seychelles is comprised of.

As for the licensing of online casinos – initial communications on the subject indicate that the regulatory officials have already developed a selective process and will only allow online casino gambling companies that meet very specific and strict requirements to operate out of The Seychelles.