Let’s start with the weakest licenses for online casinos on the market. If you think that having a license is better than having none, you are mistaken because in reality there is not much value in a casino that is licensed from Belize, Costa Rica or Panama.
These licenses are the ones that any casino can actually buy as long as it has enough financial power, they are not worth much more than the paper they are written on because their usefulness is very small in real terms. If a player has a dispute with a casino licensed by one of these regulators, he cannot expect much assistance from them.
Panama: This country has been offering licenses for online gambling since 2002, although there are not many casinos that operate under the rules of this regulator. A license from this authority costs about $40,000 USD for the first year and $20,000 USD for each year thereafter.
Costa Rica: A Costa Rican license costs about $50,000 USD per year, but companies operating here can benefit from the absence of tax in this country.
Belize: This regulator has been offering gaming licenses for physical and online casinos since 2000, having recognized the potential of this business from its early stages. Again, not many online casinos have taken the opportunity to take a license in this territory.