Companies wishing to receive a license for online gambling of Antigua and Barbuda must apply to the Regulatory Commission of Financial Services Division of games.
The latter is responsible for administering and managing the industry.
Two types of licenses can be granted. One on casino games and poker, the other sports bets.
Asking for a license requires payment of $ 10 000, nonrefundable, plus $ 1 000 per key person.
An annual fee is applied when the license is granted. It amounts to 75 000 dollars for the license of casino games and $ 50 000 for those of sports bets. He must also pay for key people as high as $ 250 annually.
A license lasts a year. The renewal involves costs $ 5 000 which may be even higher if the survey is more expensive.
Antigua and Barbuda case
Antigua and Barbuda sued the United States at the World Trade Organization (WTO) in June 2003. They blocked access to their markets to operators in this area.
Thus, they violated an international agreement called the General Agreement on Trade in Services (GATS). The WTO ruled in favor of the islands in 2004 but the United States has appealed this decision.
It was held on April 2005. Thus; they had a year to change their laws to conform to the AGS.
Having nothing to change their law, Antigua and Barbuda won the trial, claiming 3.4 billion dollars in compensation.
From 2007, they will get for each year 21 million in compensation for damages.
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