Gambling Licenses
Licensed to Play Safe and Sound!
Why are gambling licenses so important?
Internet casinos must be licensed since they handle your money. Those who want to play casino games legally and safely cannot trust an illegal casino because it cannot guarantee fair games.
A licensed casino indicates that reputable companies created the games. This ensures that players can use reliable payment methods and know that their money is being handled legally, that money laundering and other illegal activities are not happening. As well as this, players are given the best casino offers and promotions to improve their gaming experience.
Finally, respectable casinos embrace “responsible gambling” for customer safety.
iGaming’s most famous legalised authorities/commissions:
- Curacao
- Malta Gaming Authority
- Alderney Gambling Control Commission
- Isle of Man Gambling Supervision Commission
- Gibraltar Licensing Authority
- Kahnawake Gaming Commission
- UK Gambling Commission
How to get a gambling license?
To get a license, casinos must undergo a rigorous process and adhere to tight financial, business, and managerial criteria. If casinos want to be granted an internet gambling license, they must also consent to the “Gambling Commission’s ongoing surveillance.
What requirements must a casino meet to be licensed?
Even in places where online casinos are not allowed, casinos should have a license from a reputable gaming authority. With the help of the following list of requirements, let’s examine what a casino requires to be covered.
1. Economic Stability
Numerous licensing bodies, like Curacao, the MGA, and the UKGC, need evidence that the casino can finance its operations by disclosing its financial information and undergoing routine audits.
A casino’s financial capacity also translates into its ability to pay taxes annually.
2. Complying with Regulations
Casinos must first demonstrate their ability to run an online casino. The casino must then guarantee and swear that they will not disobey the law or violate the rules that granted them their license.
3. Take Charge of Responsible Gambling
Authorities are very serious about promoting responsible gambling, and each licensee has a different way of making sure that legal casinos follow this approach.
Additionally, licensees check people’s backgrounds for criminal records and see if the games are fair (one way to do this is to see if they use RNG).
These are just a few of the factors that the licensing authorities take into account before issuing a license.
Can a casino operate without a license?
Some casinos run without a license despite the safeguards put in place. Remember that if a player chooses an illegal casino, no reputable authority will be able to step in and protect the player’s rights if something goes wrong.
We recommend that you stay away from illegal casinos, ensuring that you do not part with your money or pass on personal information.
What are blacklisted casinos?
A casino website that is “blacklisted” is unreliable. We do not advise you to play on casino sites that are blacklisted, as you could be risking your money and your safety.
As far as gambling control authorities are concerned, the people identified are usually associated with organised crime or known to have such connections. If a casino does not abide by the rules, which state that these individuals must not be allowed, the casino can be subject to fines and other penalties.
