Saint Kitts and Nevis Licensed Casinos
All online Casinos with a Saint Kitts and Nevis Gambling License
Introduction to Saint Kitt’s and Nevis Casinos License
Gambling has been legalized in Saint Kitts and Nevis for a long time now. Back in December of 1999, Saint Kitts and Nevis Casinos became legal including horse racing, poker, sports betting, and so on.
Because the government decided to boost tourism, especially for US citizens, the Betting and Gaming Control Act of 1999 was passed making things legal and curbing illegal trade.
It was a huge step because this would bring major revenues to the country for economic and political development.
Let us learn more about the significant milestones in gambling and the current status in the territory of Saint Kitts and Nevis in this short yet comprehensive article.
The geography and political structure of these two islands are situated in the ocean. Saint Kitts and Nevis form a dual-island nation within the Caribbean Sea and the Atlantic Ocean. Because of this, they need to be self-sufficient in every manner, including tourism being the only major form of trade.
The islands are famous for cloud-covered mountains, beaches as clean as pebble, blue water, and plenty of holiday spots. Because of the ancient sugar plantations during colonialism, they have become now inns and hotels or are in ruins.
Saint Kitts is the larger of the two islands and is dominated by the Mount Liamuiga volcano, which is home to the world’s diverse wildlife, flora, and fauna such as Crater Lake, green vervet monkeys, rainforest, and hiking trails like no other.
They use the Caribbean Dollar as currency and form part of the North American continent. As of 2020, they have a population of just over 50,000. Their capital city is Basseterre. Because they were home to the Europeans, like the British and French, gambling and betting is a part of their culture too.
History of Gambling in Saint Kitts and Nevis
To understand this we need to delve a bit into the history of the formation of this two-island nation. Because Saint Kitts and Nevis Federation is a country spanning two islands only and in the water body in the small Antilles archipelago, it was formed between the Caribbean and Atlantic.
Thus, Saint Kitts and Nevis are a Commonwealth just like Pennsylvania in the US. This commonwealth realm was under the head rule of Elizabeth II, but later the federation became independent and had its parliament. Thus, it later started making its laws, including those regarding online gambling, casinos, and sports betting today, that affect our lives.
The islands are home to the Eastern Caribbean Central Bank and its headquarters in Saint Kitts means that it is responsible for maintaining the stability of finances and economic balance in the region.
The stability of the currency Eastern Caribbean Dollar, which is also the main currency of many Caribbean nations, is directly tied to the USD. Hence, Saint Kitts and Nevis offer lucrative opportunities for US businesses and investors. Because of this, setting up casinos and other offshore businesses is attractive because of the low-cost workforce while being very best English speaking, well-educated, and friendly to the US.
Tourism and Gambling at Saint Kitt’s and Nevis Casinos
The games like poker, roulette, and blackjack were part of the European gambling culture introduced to the public during their colonialism. Today, the robust gambling scene in Saint Kitts and Nevis Casinos takes credit due to the thriving tourism industry which attracts around 100,000 to 160,000 visitors per year.
Because of these well-to-do rich visitors flocking to these beaches, hotels, and inns, many indulge in gambling in their land-based gambling avenues like casinos, slot machines, poker, and table games.
Because of this, steadily both online and land-based casinos and gambling activities were made legal. They are legal and regulated today in 2023. Exclusive casinos operate in standalone venues, and many have dedicated spaces in resorts in the island estates.
The first of the online casinos introduced to the island nations were issued by Saint Christopher and Nevis Gaming Board which was created in 1999. This is when the coveted Betting and Gaming Control Act was also passed, as we came to know earlier.
To be frank, the contemporary gambling atmosphere started legally during that time. This was one of the most important steps in the future of the islands. This Act also introduced the first laws to incubate internet betting and a licensing system for the soon-to-be popular internet or online gambling.
Similar to online gambling, land-based casinos were also made legal in Saint Kitts and Nevis. The most important difference is that land-based casinos are open for locals but online casinos are not available legally to the locals.
Saint Kitts and Nevis Casinos License
This takes a brief tour of the further developments of licensing and legalizing of gambling activities in the island nations. As we saw that 1999 was the first major historical development allowing gambling legally in the territory and establishments of gambling companies, the later years marked further expansion of the Gaming Act.
The largest casino among Saint Kitts and Nevis Casinos remains the Royal Beach Casino which is located in Frigate Bay. This is on the main and bigger island of Saint Kitts. This casino forms the foundation and symbol of gambling activities that attract tourists. The Royal Beach Casino of Saint Kitts and Nevis offers table games like craps, blackjack, poker, roulette, over 300 slot machines in different parts of the casino, and sports betting opportunities too.
Because of their rich history in the horse racing industry, this forms a major part of sports betting avenues. The casino is also interconnected to another major place called the Saint Kitts Marriott Resort, a part of the Marriott group. This helps provide major means of several entertainment options for tourists, and relaxation, including live entertainment, golf courses, and a spa.
The gambling licenses became more popular attracting lots of investors in 2013, just about 10 years later. Because it was in 2013 that Saint Kitts Mariott Resort and Royal Beach casino became the host of one of the world’s most famous and renowned sports event destinations. It hosted one of the destinations of the Alpha 8 tournament of the World Poker Tour.
Because of this, the island became a major mark on the world map of the gambling industry. Many famous poker players participated in the event, including celebs like Dan Bilzerian, Paul Newey, Phillip Gruissem, Erik Seidel, and even Tobias Reinkemier.
Gambling Regulatory Body in Saint Kitts and Nevis
As we speak about gambling regulation and authoritative bodies in the country, we must mention the various stages of regulations on gambling too. The islands of Saint Kitts and Nevis infrastructure offer a wide array of services for eager gambling owners and representatives.
These online gambling operators and providers such as high-capacity private server providers, private cloud service providers, Internet connectivity, and dedicated servers for gaming and hosting services are available in abundance, which attracts major investors. Though not comparable with many other big countries like Malta, it is still a great spot.
Just to note, Saint Kitts and Nevis Casinos have long been considered one of the preferred locations for setting up gambling establishments and betting companies offshore.
This knowledge is a treasure trove for the iGaming industry too because it has offered many new companies a great place to set up their startups at low cost and earn an income with little investment. The gambling regulatory body is Committee for Gambling in St. Christopher and Nevis, as mentioned above.
It is Saint Christopher and Nevis Gaming Board that takes into account all the duties of maintaining law and order. Compliance and audits are carried out regularly so that malpractices and tax evasion can be avoided. The main legislative section of the government that deals with this conduct the following activities.
- Setting up frameworks for awarding licenses.
- Supervision and taxation of the gambling establishment.
- Controlling gambling on the islands.
- Auditing various gambling establishments to ensure compliance.
- Monitoring financial deposits and transactions.
- Auditing software, equipment, and gaming systems.
St. Christopher and Nevis Gaming Board Major Policies
Because of this, the duties of the board are multi-disciplinary. The main parts were established in St Kitts with the Law on Betting and Gambling in 1999. And, based on these regulations, the foundation committee for St. Christopher and Nevis Gaming Board was established and charged with issuing licenses and controlling the gambling and betting activities all across the island.
And, this was subject to all forms of real money betting. Both the islands are operated from a single department headquarter. There are four major policies under the regulatory body.
- Counter-Terrorism Financing Regulations.
- National Anti-Money Laundering Regulations.
- Unusual Transactions Act.
- Know Your Customer.
The above policies have been inducted for the benefit of the public and country in good faith. They apply to all Saint Kitts and Nevis companies, gambling establishments in specific. Because of their bad history of criminal activities, as a part of its duties, the Committee strictly monitors gaming businesses.
The Committee of Gambling also monitors small betting service providers to ensure that they operate in compliance with the standards of fair practices stated by the Government of Saint Kitts and Nevis.
They help to ensure that all licenses are met and valid and licensees must maintain a complete and elaborate record of all their activities. A complete audit trail for each player making deposits with the operator must be available, financial transactions for each player, individual bets, and rewards.
Further, they should maintain proper records of gaming systems; maintenance and servicing, back-end software, logs, and online casino records should be available and updated. It should also be available to third-party independent auditors as and when demanded with proper government authorization.
Obtaining a Gambling License in Saint Kitts and Nevis
The gaming licenses are varied here. As per regulations set forth by the Committee of Gambling in Saint Kitts and Nevis, the result of the game and payouts should be available to the Committee for up to five years. And, only non-residents of the islands of Saint Kitts and Nevis and who are over 21 years are allowed to engage in online gambling through local IP addresses.
So, wagers from residents of Saint Kitts and Nevis or individuals less than 21 years old must be refused. To obtain a legal license for starting an online gambling business in the region, one has to obey and fulfill certain requirements.
- You must take care of the following pointers.
- The gambling company, even if online, must pay an initial registration fee of USD 80,000 to the Government, and a license fee of USD 40,000 per year.
- It should also declare with a written statement that it will not allow residents of Saint Kitts and Nevis to place bets, make deposits, and so on in online casinos.
- The establishment needs work permits for all foreign citizens.
- It should also notify the government when it makes a change to its staff, directors, and workers.
- Any kind of advertisement placed online must be done in consultation with the government.
- The company must also have an account in Saint Kitts and Nevis’s local bank.
As one can see that the eligibility and application requirements are pretty slim, because of which many companies and brands find it attractive to open businesses. Though the islands are host to just over 50,000 residents, its tourism industry allows more gambling businesses to have a share. It does not have the world’s best casino license commission but does alright with its local jurisdiction monitoring and gambling regulation.
License Provisions in Saint Kitts and Nevis Casinos
Because we know that just one type of license is necessary, there are no different provisions for any type of gambling, whether horse racing or poker and table games. Saint Kitts and Nevis Casinos enjoy the same license and moderation by Saint Christopher and Nevis Gaming Board, as the other sportsbook and slot machine operators on the islands.
This makes them so great at bringing tourists and returning customers. The process of obtaining a Betting and Gaming license, as they call it, is very simple as we saw above. The first step is always to apply for the same respective content providers, and the gambling commission. The 2nd step is to incorporate the company in Saint Kitts and Nevis and the third and last step is to meet the requirements we have mentioned above.
The whole process is fast within just 4 to 6 weeks making it one of the fastest in the world to set up your gambling business or website. Because of this, many online casinos of world-renowned brands are available here. The time usually depends on the due diligence of the government officials to process and verify the documents. Background checks, transfer of power, amenities, infrastructure, and all documents should be proper.
Also, an important thing to note is that the establishments should not have the name “Casino” in their brand name. Hence, all is well. There is also no limit to the number of licenses they can offer or the authorized capital you can invest in one company. Because of this, you don’t have to worry about breaking up the brand into several small companies.
Such provisions and ease of doing business are one of the major reasons that attract people here. Further advantages are listed below elaborately.
Advantages & Disadvantages
When we are interested in the pros and cons of setting up a gaming business in Saint Kitts and Nevis Casinos, there are several things to consider. From geographic attraction to legal assistance, Saint Kitts and Nevis is also attractive for its simplicity and no-fuss gambling laws.
Because a company just needs one type of license for any type of gambling operation, there is little to worry about while focusing on your business. So, whether you have a casino, a sportsbook service center, or an online gambling casino or website, just one license is applicable for all. Such simplicity is very hard to come by in 2023, forming the strength of the dual-island nations.
While it further needs to be mentioned that Saint Kitts and Nevis Casinos and eGaming services come from their eGaming Department which assists in technical and financial support for the online gambling establishment. To get things up and running, one needs a lot of work.
Some of these services also need financial stability, dedicated services like private cloud servers, banking, international transactions, and other errands related to running an online website. So, Saint Kitts and Nevis Casinos are great attractions for setting up their online counterparts too.
Saint Kitts and Nevis Certified Casinos
The two-island nations have some great things to offer to tourists in terms of gambling entertainment.
● Royal Resort Casino
This is the big daddy of casinos in the islands offering a great variety of outlets for real money betting. Starting with just 0.01 Dollars to any high amount. There are 300 slot machines, 19 table games, 2 licensed casinos, and one sports betting parlor too. Because of these services, people flock to their hotels each year in thousands. It is the choice of a gaming facility in the St. Kitts Marriott Hotel.
● Nevis Turf and Jockey Club
It is another great venue for great betting avenues.
It is an online casino in the region that offers great rewards, and loyalty programs, and is powered by the world leader Microgaming software and suite of games. The casino is bountiful in offering bonuses and welcome packages because it gives great deals year round. That too for the first 5 deposits, instead of one.
It is also an online gambling website with great bonuses, a welcome package up to Euro/USD 100, fun modes, and weekly slot wars.
Another online casino with great attractions.
In all, there are several such benefits and major avenues for online betting in the region, both online and offline like MtPau Casino and over 800 online gambling sites such as CasinoEuro, MrBet, TigerGaming, Rizk, PureWin, BetSonic, and so on.
To give a final note to the gambling services and regulation of gambling activities in Saint Kitts and Nevis Casinos and the islands, we should say that they are doing “very well”. They have succeeded in keeping profits while staying very simple in terms of the number and types of licenses, provisions, and eligibility for setting up companies and investing in them.
Saint Kitts and Nevis Casinos enjoy a luxury treatment from their government, making the two islands ideal spots for further growth even beyond 2023. The taxes, charges, and ease of doing business are like no other, because of which they have been a big attraction since 1999. Gambling is a part of their culture from horse racing to poker to modern slots.
Saint Kitts and Nevis Casinos License FAQ
Yes. It is legal to open gambling companies and gamble on the islands since 1999.
The two-island nation depends on their Gaming Act and is regulated by St.Christopher and Nevis Gaming Board, located in the bigger of the two islands, St. Kitts.
It is super easy and convenient to obtain a gambling and gaming license in Saint Kitts and Nevis islands. Because it takes just 4 to 6 weeks, it is also quite fast.
The gambling companies and establishments, whether land-based casinos or online websites, must annually pay USD 40,000 for their legal permits. This is a single payment without any other hidden fees or surcharges.
There are about a dozen of these on the islands while many online gambling sites are opening up just as we write, at a rapid pace. One just needs a single type of license for any gaming or gambling company.
Yes. Foreign nationals can easily gamble at any service provider or gambling operator. But, locals cannot gamble on online websites or deposit money from local IP addresses.