What Slows Operators Down After the Licence is Granted
Gilad Oren, CEO of GBO, discusses the challenges faced by gaming operators even after obtaining their licenses. Key obstacles include the lengthy onboarding processes with banks and payment service providers (PSPs), repeated document requests, and rigorous source-of-funds verification procedures.
These hurdles can delay the launch of gaming operations, highlighting a disconnect between licensure and actual readiness to operate in regulated markets. Oren's insights suggest that even once operators believe they are compliant, operational complexities can still trip them up during the final stages.
Key takeaways
- ▸Gaming licenses do not guarantee operational readiness for gaming operators.
- ▸Bank and PSP onboarding processes can significantly slow down launch timelines.
- ▸Repeated document requests and scrutiny of source-of-funds are common frustrations for licensed operators.
Why this matters
The prolonged onboarding process for gaming operators could hinder market entry and reduce competition. Enhanced scrutiny and complex verification procedures place additional burdens on these businesses, potentially dissuading new entrants from investing in regulated markets. This might benefit established operators but can stymie innovation and diversity in the sector.