How long will it take to receive a supplier's license?

Q: How long will it take to receive a supplier's license?

A: As a general rule, it is important to submit a license application several weeks before a formal approval is needed to ensure that the gaming regulatory agency has enough to time to review all the materials and make any supplemental information requests needed to complete its investigation.

There are many factors that need to be taken into account when calculating how long a regulatory agency will take to review and approve a supplier's license application. These include the size of the applicant, the number of key person qualifiers, the type of license/approval sought, the type of gaming regulatory agency issuing the approval, the type of product or service provided, the expected business volume with the casino operator, among other items.

Importantly, many gaming jurisdictions allow for the issuance of temporary supplier license that will allow you to conduct business with a casino client during the time that your license application is being reviewed. Temporary licenses are often issued after the regulatory agency runs an initial background check and confirms that the application is complete. This usually takes 10-15 business days after the application is received and authorizes the applicant to begin business until a full approval is issued.

Gaming industry advisor Regulatory Management Counselors, P.C. authored this article. Visit the Gaming Advisors section of this website to find out more about gaming licensing and compliance advisors.