Part III: Business & Regulation · Gaming Regulation & Compliance

Gaming License / Casino License

Licensing & RegulatoryREPORTED

A formal authorization granted by a regulatory authority permitting an entity to operate casino gaming activities. Gaming licenses are typically subject to stringent suitability requirements, including background investigations of applicants, shareholders, directors, and key employees; financial capacity demonstrations; operational plan approvals; and ongoing compliance obligations. Licenses may specify the types of games that can be offered, the number of gaming positions, the geographic area of operation, and conditions related to anti-money laundering, responsible gaming, and internal controls. Violation of license conditions can result in fines, suspension, or revocation.

One entry from the Casino Industry Glossary, 1,090 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.