Regulatory Alerts2022-03-30
Casino, Slot Machine and Interactive Gambling Guidelines
The Financial Services Authority of Seychelles issues these guidelines to establish the mandatory licensing framework and application procedures for operating casinos, slot machines, and interactive gambling businesses under the Seychelles Gambling Act, 2014. Applicants must submit comprehensive documentation, including constitutional papers, detailed business plans, compliance and anti-money laundering manuals, and proof of financial soundness, alongside non-refundable application fees ranging from SCR 15,000 to SCR 25,000. The Authority evaluates submissions based on strict integrity, competence, and risk profile criteria, conducts public objection periods and premises inspections, and grants licenses contingent upon meeting all regulatory standards and paying the corresponding annual fees.