What DLK delivers at the bookmaker’s license

PREPARATORY STAGE

• entity compliance assessment (procedures and policies, capitals and funds, partnership models, contracts)
• corporate set-up or implementation of corporate changes (share capital increase, changes in company bodies)
• legal qualification of planned services in terms of allocation to specific betting services
• determination of the anticipated type and number of bets, together with an indication of whether the bets will be arranged via the Internet
• development of descriptions and schemes of services

APPLICATION DOCUMENTATION STAGE

• A model economic and financial study, including the determination of investments and expected profitability to be completed by the Principal (in terms of figures and specific solutions and intentions)
• model internal procedures (risk management, internal control, AML/CFT, IT security strategy, organization and management, archiving, technical documentation of the website that will be used to arrange betting, etc.) to be approved by the Principal and supplemented in terms of specific solutions
• model internal procedures appropriate to the specific services to be provided (rules for the storage and recording of betting capital, proposed conditions for the deposit of collateral to ensure the protection of the financial interest of gambling participants and the safeguarding of gambling tax liabilities, rules of betting, rules of responsible gaming, etc.) to be approved by the Employer and supplemented in terms of specific solutions
• Assistance in the operationalization of model documentation
• dedicated forms for the Employer’s managers and shareholders for collecting warranty information (education, experience, history)
• guidance on the documentation necessary to be collected by the Employer (certificates, statements, financial statements, documents)
• acquisition of criminal record certificates, certificates of nonpayment of taxes and social security and health insurance contributions on behalf of the Principal
• application to the supervisory authority for the granting of a permit to arrange pari-mutuel bets

PROCEEDING STAGE

• Periodic communication with the authority as to the progress of the case
• drafting a response to a request for additional explanations and documents
• execution of adjustments required by the authority during the proceedings
• obtaining a license (including obtaining formal confirmation of receipt of a license with the establishment of a license date)

START-UP STAGE

• assistance in updating information in registries, letters, websites
• guidance on filling all positions and functions, as well as registry changes
• workshop on the execution of internal procedures
• instruction on the execution of reporting and reporting obligations
• negotiation of contracts related to the start of operations (bank account, guarantees, etc.)