Rikk leveraged its extensive experience to develop a comprehensive legal framework for offshore casino operators. The solution involved several key steps:
1. Legal Structure Development
We designed a legal structure that partially complies with EU regulations while leveraging offshore licensing advantages. This included creating a framework that addresses regulatory requirements in both the offshore jurisdiction and target markets. This model helps us protect the business from claims and has not lost any single entity for the last four years.
2. Payment Service Provider (PSP) Integration
We identified and integrated high-quality PSPs with favorable rates to process transactions efficiently. This ensured that player transactions were handled securely and complied with regulatory standards.
3. Conflict Resolution and Compliance Management
Our team addressed conflicts and issues with Curacao regulators, offshore licensing authorities, and local European regulators. We developed strategies to resolve disputes and ensure compliance with all applicable regulations.
4. Regulatory Connections
We facilitated communication with local regulators to address any potential fines or complaints. Our proactive approach helped mitigate risks and ensure smooth operations in the target markets.