There are various types of gaming licenses, and each one is required by different jurisdictions. Malta, for instance, requires its license holders to have a minimum amount of capital. Capital requirements vary depending on the type of license applied for, but they typically range between EUR40,000 and EUR100,000. In many jurisdictions, gaming license applicants are required to have some kind of economic presence in the country in which they intend to register. For instance, Isle-of-Man gaming licenses are only issued to companies that are registered in the Isle of Man and employ at least two local employees.
These licenses are not cheap, but they provide a number of advantages, including legal protection from the state, respect from regulators, and recognition among business partners. In addition to that, they can protect a company from suspicions of criminal activity and protect minors from exploitation through gambling. These licenses are issued by a special authority, which may not have the same name in different jurisdictions.
A gaming employee license (also known as a personal functional license) is required for those who work in a casino and handle cash and other gaming equipment. These licenses require a nonrefundable fee and vary by jurisdiction. However, the fee rarely exceeds a couple of hundred dollars in local currency. Another type of license is for employees not directly involved in gaming. These workers include bartenders, waiters, food servers, and chefs.