Florida Gaming License
Florida Gaming License Requirements
Before a business owner secures the license permission to function, a set of sector-specific license requirements and compliance rules must be met.
A primary purpose of such procedure was designed to determine the behaviour of everyone associated with a particular gambling organisation in order to eliminate the faintest deviation from the jurisdiction’s protocol. Documented information about a business owner, business partners and employee should be provided as a result.
Basic terms and conditions of the Gambling Commission:
- a detailed description of gambling business: an owner of the gambling business should provide the detailed and current information in a particular field of gambling he is planning to run;
- accounting data reports and auditing information;
- a clear description of games offered to the visitors, games specification and system functionality.
Requirements for the owners of gambling businesses:
Gaming licenses are issued by special commissions called gambling commissions. It is in their jurisdiction to issue gambling licenses, regulate online gambling, and decide which gambling companies are eligible to obtain a license based on their business conduct and codes of practice. The state of Florida currently offers pari-mutuel wagering and card rooms (non-banking poker and dominoes only) at licensed horse-racing facilities. In addition, horse-racing facilities in Broward and Miami-Dade counties have been authorized to provide slot-machine gaming. There are currently six horse-racing locations in the state. The Jacksonville Landing shooting, also known as the Jacksonville shooting, was a mass shooting that occurred at a video game tournament for the video game Madden NFL 19 in Jacksonville Landing, Jacksonville, Florida, on August 26, 2018, at about 1:30 pm.
The regulations of various jurisdictions can vary, however, the license is a must for any authorised gambling business entity that has implemented proper business-planning efforts to stay solvent.
The requirements for obtaining the license for gambling companies are almost the same as for financial companies, insurance companies, banks, exchange offices, etc. They primarily concern accounting and auditing, in addition to functionality of the games and a detailed description of the company’s business activity:
- A good reputation is an asset, which includes: the lack of criminal responsibility, verified identity, proven credit track record, positive credit history information of the owner and employees;
- Detailed summary information on the structure and finances to determine whether the company possesses sufficient resources for the full-fledged business in the field of online gambling.
Employment data requirements:
The primary requirement for almost every jurisdiction is that one of the directors of the company has the citizenship of the country, where the license will be issued. The development of some other rules that will exclude the possibility of applying for a business license in the field of gambling to persons who do not have the sufficient experience in this area as well as the necessary financial capacity is also possible. In a case of non-compliance with certain gaming license requirements, a gambling committee may reject an application for a license. If approved, the company agrees to conduct their business under the laws of the given jurisdiction.
To facilitate the process of obtaining a license, many gaming committees offer to split for a few jurisdictions in the country. If the company plans to start working in one of the online gaming niche-fields, GamingLicensing experts will gladly help you every step of the way, ensuring a smooth application process.
Florida Gaming License Application
GamingLicensing team of professionals will provide a detailed information covering all the major nuances on how to obtain a gambling license in certain jurisdictions, that would be tailored to your particular needs and budgetary Basically, you’ll get a bunch of highly experienced professionals who will make sure your company fits all of the gaming license requirements and is ready to run a successful business.
FAQ
Who issues gaming licenses to gambling companies?
Gaming licenses are issued by special commissions called gambling commissions. It is in their jurisdiction to issue gambling licenses, regulate online gambling, and decide which gambling companies are eligible to obtain a license based on their business conduct and codes of practice.
What are the basic requirements imposed by gambling commissions?
The basic requirements gambling business owners need to meet to obtain a gambling license include giving a detailed description of their business and the type of gambling operation the company intends to run.
All accounting and data reports need to be submitted for revision as well. Also, you need to provide an unambiguous description of games offered to players, as well as the games’ specifications and functionality.
Are there any requirements for business owners?
Business owners are required to submit financial reports, bank statements, and credit card rating reports to prove their companies are financially capable of maintaining a full-fledged online gambling business. Moreover, a good reputation and a lack of criminal record are considerable assets.
Are there any employee-specific requirements?
Almost all gambling commissions require that at least one of the company directors is a citizen of the country where the license is to be issued. Also, considerable expertise in the gambling industry is required from the company’s employees since that will guarantee the stable operation of the gambling business.
Florida
How to Obtain a Horse Racing License in Florida
So you finally did it – you moved to sunny Florida and bought a horse, no doubt with the intention of making big money in the racing industry. Well, what you also need to do is obtain the proper license for that horse. In Florida, owners of racing horses must obtain a license granted to them by the Florida Department of Business and Professional Regulation. The racing profession, like all gambling occupations and businesses in Florida, is directly regulated by the Division of Pari-Mutuel Wagering. In this guide, we'll walk you through the steps needed to enter the horse racing profession as an owner, and show you how to stay in step with current laws and regulations governing the profession.
Obtaining a License
In Florida, race horses are classified as “business animals,” and fall into the same regulatory category as greyhounds, for example. Florida lumps all of its gambling professions (cardroom operator, etc.) into the same licensing category: the Business Occupational License. Here's how to obtain one.
First, you're going to need to actually purchase the horse. You may not “pre-apply” for a license to own a racing horse prior to purchase. So, go and pick up We Didn't Start The Fire or whatever crazy name your horse has, then get to the regulatory requirements. If you want to own a racing horse but do not wish to engage in the business of racing yourself, you'll be filling out a different form, called a PMW-3120 Individual Occupational License. However, if you follow the steps in this guide to obtain an actual license to race – a “business” license – you will not need to also obtain an Individual occupational license.
Register a business corporation in Florida for the purpose of horse-racing. This is perhaps worthy of a Fact Sheet all on its own, but it is a necessary prerequisite to racing a horse that you own in Florida. The key thing to remember is that every racing horse is a “business” in and of itself, and so must conform to the typical requirements of a business. Thankfully, the incorporation process in Florida is not too difficult – you can find out more about it and begin the process here.
Finally, obtain your Pari-Mutuel License. This is also a simple process – fill out the application and pay a fee of 120 dollars, and you'll have your license. To take a look at the application form, click on the second link to this Google search (it's a PDF of the application). The application is fairly straightforward – note that the same form is used for cardroom licenses, so make sure you check the box stating that you're applying for a “Pari-Mutuel License.”
Florida Gaming License Requirements
Another thing to note is that this process is very specific to owning a race horse. If you want to work as a jockey or jockey agent, or as a racing or game official, you will have to submit the above-referenced PMW-3120 form to obtain an Individual Occupational License. The above process is for owning and operating a racing horse, which again, is considered a business in Florida.
Maintaining a License
Florida horse racing licenses are valid for three fiscal years – they expire if not renewed on June 30th of the third fiscal year. The renewal application is fairly simple, and can be done online here.
Is It Hard To Get A Gaming License
As you might imagine, gambling professions in general are subject to a fair amount of regulation, which you can see for yourself at this link. Horse ownership and racing, though, has heavy regulations for the owner (not necessarily the bettor) in only one area: the medications allowed to be given to the horse. This is to prevent cheating and fraud in the horse race industry by shooting the horse up with anabolic steroids. If you've bought a horse, you're certainly going to want to consult with a veterinarian as to its proper care and treatment, but you can get a general overview of what is and isn't allowed at this link.