Restricted Casinos in Antigua and Barbuda
Information for investors in the economic citizenship program of Antigua and Barbuda: the Internet on Antigua. Legalization of online casinos is not uncommon for offshore countries. There is a whole network of similar online casinos in the territory of Antigua. And it can be not just online casinos but bookmakers. Anyone, regardless of citizenship, can become a customer or even a founder of such institutions.
Ironically, in 2003, the international gambling Antigua became a cause for serious litigation between Antigua and Barbuda and the United States, where gambling is prohibited. The U.S. government unilaterally took the decision to ban all online casino and other gambling services. The latter are an important part of the income of this island state. Show more
Antigua sued the United States claim in the amount of 21 million dollars in order to at least partly cover the losses. And though the process was won, the United States aren’t in a hurry to repay the money.
Despite the refusal of many European countries from online casino, the entire gambling industry is legal on the islands, but is subject to licensing. If you wish, you can open your own online casino or Sportsbook not even being a resident of this country. On Antigua you need to register your own Internet Company. This procedure takes about 3 weeks. Then you can get a license. The decision about grant of this document is accepted by the designated authority within 30 days.
There are two types of license:
The key-person of a business should get a separate license. All shareholders, including directors of the company have to provide full information about themselves and confirm their reputation. All these data will be carefully protected and according to the established British privacy law, they cannot be transferred to any third party.
In addition to the foregoing, such company must provide to local authorities the information about the accounting principles, used procedures, used equipment, gaming transactions, the payment of prizes and the security service.
Before commissioning, all the used equipment must be certified by an authorized agency. The same thing applies to software.
The company office can be located in Antigua and in other countries. But even if the company is physically located in another country, there should be appointed the nominal director who is physically present on the island (plus additional $ 5,000 annually). Show less
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