Tobique
Gaming Licence
With the Tobique Gaming License, operators cover all gaming verticals, providing a seamless and comprehensive solution for your iGaming operations
The Tobique Gaming license is ideal for launching an online casino business. Thanks to the regulator’s rigorous standards and emphasis on responsible gaming, it instills a sense of security in the players. With the Tobique Gaming License, operators cover all gaming verticals, providing a seamless and comprehensive solution for your iGaming operations.
It’s worth mentioning that the Tobique Gaming Commission issues B2C (remote gaming license), B2B (casino or sports wagering license), and B2B (approved vendor status for services) types of permits.
Obtaining the Tobique Gaming license through Gaming Licensing’s expert services is a straightforward process that typically takes about four to eight weeks. Our team will assist you every step of the way, from company registration and document preparation to hosting services, opening bank accounts, and integrating top-quality gaming software and payment processors.
Operators and businesses that obtain the Tobique Gaming License can benefit from its international adaptability, authority recognition, low license fees, a wide range of associated services, streamlined application process, and no corporate and income taxes.
Advantages of Tobique Gaming License
Although it is a new kid on the iGaming industry block, the gambling license from the Tobique Gaming Commission is in high demand and comes with a set of advantages, including:
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(01)Fast processing time
Tobique Gaming Licence is distinguished by its swift processing time, typically between 4 and 8 weeks.
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(02)Industry recognition and regulatory stability
Tobique licenses are also recognized in the gaming industry. Additionally, Tobique Gaming Authority’s (TGA) regulations are known for their strict yet fair nature, designed to promote transparency, fairness, and player protection.
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(03)Affordable price
The Tobique License offers more affordable prices than other regulatory agencies. This is why this permit is a viable option for startups and established operators looking to expand.
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(04)Favorable taxation policies
Tobique’s tax policies encourage business growth and development. Corporate income tax is not charged on profits from gaming operations, which is one of the most appealing aspects of this license. Additionally, gaming-related activities in Tobique are not subject to sales tax or duties.
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(05)Commitment to responsible gaming
The Tobique Gaming Authority prioritizes responsible gaming practices. Therefore, operators must implement programs that include self-exclusion, limits on play, and resources to help players address gambling addiction.
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(06)Streamlined application process
The Tobique Gaming License application process is thorough, transparent, and well-organized. In addition to initial consultations, operators can expect to submit detailed operational plans, financial disclosures, and comprehensive background checks.
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(07)Post-licensing support
The Tobique Gaming Authority helps licensed operators comply with regulatory standards after obtaining their licenses. These measures include regular audits, financial reporting criteria, and continuous monitoring to prevent unethical behavior.
Tobique Gaming Licence Requirements
Before applying, the company/gaming operators must meet several essential requirements. The following is what operators must do to prepare for a successful application:
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Proof of impeccable reputation
An applicant must have a clean criminal record. This pertains to the company’s director and all shareholders.
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Financial and operational integrity
The ability to demonstrate financial stability is essential, and bank statements can serve as evidence. Moreover, applicants must provide necessary personal and corporate documents to prove their experience and qualifications in the online gambling sector, such as certification from recognized software vendors.
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Documentation
Applicants must provide comprehensive documentation to prove their integrity and credibility. A KYC procedure is a mandatory facet and is crucial in speeding up the licensing procedure and mitigating potential delays.
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Ongoing monitoring and compliance
To achieve financial integrity, fair gaming, and responsible gambling practices, the TGC mandates compliance with its regulations continuously. Having a license requires operators to submit reports and undergo regular audits.
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Website and policy compliance
Having a functional, compliant website is mandatory. Furthermore, applicants are expected to implement robust internal policies regarding anti-money laundering, responsible gaming, privacy, and anti-fraud protection.
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Business formation and taxation
As a prospective licensee, you should be prepared for various costs, which can vary depending on the type of license and the size of your business. The total license cost for the Tobique permit is €43,000, which is much lower than the cost associated with Curacao, Malta, and Gibraltar licenses
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Bank account
Operators must have a bank account that suits their business type for the Tobique Gaming Licence.
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Implementing responsible gambling policies
It is paramount for every candidate to create and implement guidelines and procedures for responsible gambling, such as self-exclusion, cooling-off, allowing players to set deposit limits, betting limits, and session limits, as well as links to organizations that assist players with gambling addictions.
Tobique Gaming Licence Cost
The Tobique Gaming Licence cost includes €18,000 first-year license fee. There is an additional €18,000 professional fee for assistance with the application and during the first year.
Applicants are also charged €7,000 for annual fees for ongoing regulatory, compliance, and supervisory services (charged only once the license is issued and includes up to five domains). Additionally, they will have assistance with license applications.
