Antigua Gaming Division or the Division of Gaming is the assigned regulatory body operating under the Financial Services Regulatory Commission (FSRC). It is tasked to manage all aspects and operations of the offshore gaming industry that falls within the jurisdiction of Antigua and Barbuda.
Acting as a regulatory body for offshore casinos, Antigua Gaming Division, through the FSRC, has the authority to grant online casino operators the license to legally operate. This is not new on the island as Antigua and Barbuda began in 1994 to license and regulate interactive gaming and wagering companies, which were then classified as financial institutions.
Getting a License in Antigua and Barbuda
Applicants can look at two types of licenses: Interactive Gaming and Interactive Wagering. Online casino operators must secure the Interactive Gaming license to operate in this jurisdiction, while online sportsbook operators should acquire the Interactive Wagering license.
Getting the license requires operators to ensure that they complete the application process, which includes providing all the necessary documentation and submitting to the investigation process. The application also includes several forms, including:
- Schedule A – Application for Interactive or Wagering License
- Schedule B – Business Entity Package
- Schedule C – Personal Information Form
All applicants must make sure that they abide by the application process, especially the order by which the application forms must be answered and submitted.
Application and Licensing Fees
Antigua Gaming Division or the Division of Gaming, under the authority of the Financial Services Regulatory Commission, requires applicants to provide standard and additional fees involved in the application process. Other than the application fees and possible extra charges, operators must also consider the fact they must pay the necessary fees every year in order to keep their online gambling license.
Here are the fees involved in applying for a license from Antigua and Barbuda:
- Due Diligence Fee (Only for Schedule A) – 15,000 USD
- Interactive Wagering License – 75,000 USD per annum
- Interactive Gaming License – 100,000 USD per annum
- Annual Renewal Fee per License – 5,000 USD per annum
The FSRC and the Division of Gaming have the power to change or update the fees they charge all applicants and current license holders without notice. Applicants must also take note that the Due Diligence Fee and the Annual Renewal Fee per License are both non-refundable.
All applicants for the Antigua online gambling license must wait for the results of their application within 60 days.