The Role of the Gaming License
There’re many people interested in Internet gambling. For the majority of punters, there’re many important aspects that they pay attention to when choosing a gaming platform. One of the most significant and determinative factors is security. The number of Internet casinos keeps growing, so new ones appear almost every day. Not all gaming facilities are actually worthwhile. However, it’s quite easy to define those, which are trustworthy. The presence of a license is key. And today, we’ll observe the issue of operation permission and its role for an Internet casino.
What is operating permission?
Operating permission (or a gambling license) is permission, which is issued by a certain gaming control board. It’s a sort of proof that the definite gambling business is legitimate, fair, and has the right to offer services to customers. The presence of permission means that payouts from a certain platform are guaranteed.
Every type of gambling business should be licensed. The following options are available for a licensed business:
- Purchasing of certified software from reputable developers (in the case of Internet casinos, they are Microgaming, NetEnt, Play’n GO, and many others)
- Selecting diverse payment tools and integrating them with the casino site in order to make financial operations comfortable for different punters
- Running a legal business
- Obtaining trust from the audience (when a gaming facility has proven its reliability, punters are more likely to deposit their money and play for real cash).
Thus, everyone who wants to get into the iGaming business should obligatory take care of a license. However, it’s important to remember that while operating permission opens access to the gambling market, it can’t allow accessing punters in every single country. If an Internet casino wants to reach the residents of a definite state, it’s required to study the legal basis. There’re countries where:
- Internet gambling is forbidden by law
- Internet casinos should be licensed by local licensors to offer services to the residents
- The issue of Internet gambling isn’t covered by the law.
Requirements to get permission
The requirements for the provision of official operating permission depend on the jurisdiction. Among the most common conditions, there’re as follows:
- Application submission
- Fees (as a rule, there’re fees for the initial license and for the prolongation)
- Operational requirements for the platform and software
- Well-thought gambling business strategy
- Good financial and management information (including positive backgrounds of shareholders)
- Positive compliance review.
Certain licensors have lighter requirements, so their permissions are easier to obtain. Licensors with stricter and more complicated requirements are usually more reliable and trusted.
Advantages of licensed Internet casinos
It doesn’t matter, what options punters are looking for – real cash games or free slot machines to play, officially certified gaming venues are always the best choice. The professional slot reviewer Max Bet from SlotsUp defines the following benefits:
- Punters can play their favorite games legally (all the gaming venues without a license are illegal)
- Punters can enjoy the best gambling products created by top world developers
- Punters can choose from a wide range of payment tools
- Punters can enjoy a good level of security
- Punters can play fair games and really win cash
- Punters can easily obtain payouts.
The most common licenses
Various Internet casinos in USA, Canada, or European countries obtain different operating permissions. Among a wide range of them, we can define the most common ones:
|Curacao||It’s one of the most popular and easy to obtain permissions. The requirements are not strict. Still, Curacao-certified gaming venues are reliable enough. There’s one license, which can cover all sorts of activities. Almost every new Internet casino chooses this jurisdiction for an easy start.|
|MGA||It’s the second most famous jurisdiction to obtain permission. It’s issued by Malta and considered a ‘gold standard’ of the iGaming industry. The requirements are more complicated compared to Curacao. However, it’s a good choice for operators oriented at the European audience.|
|UKGC||It’s one of the strictest and most reliable licenses. It’s issued in the UK. The requirements allow the commission to ensure that an Internet casino is fair, well-protected, transparent, and not connected to fraudsters. Thus, the security of gamblers is in the first place.|
|Kahnawake||This license is used for both land-based and Internet casinos. The fees are quite low, while the requirements are flexible. It’s trustworthy permission greatly accepted by punters.|
|Gibraltar||This licensor offered well-structured pricing. Due to reliable governance, punters can hope for high-quality services and protection. This permission is respected and reputable.|
|Isle of Man||It’s a wonderful choice to prove the reliability and reputation of an Internet casino.|
|Spelinspektionen||The permission is issued by the Swedish Gambling Authority for both land-based and Internet casinos. The license is known for the highest safety standards. Thus, a gaming venue should set strict limits for deposits, make honest adverts, and make certain there’re no underage punters playing at a casino.|
op licensed gaming clubs
If you are searching for a nice platform to play, consider the following clubs, which are officially licensed:
- King Billy. It’s certified by Curacao and offers a wide collection of products (including crypto pokies). There’re generous bounties and a small min deposit accepted.
- 888. This gaming facility is licensed by Denmark, Gibraltar, Romania, Spelinspektionen, and UKGC. It’s one of the most reliable and oldest Internet casinos.
- CasinoLuck. The platform is certified by MGA, Spelinspektionen, and UKGC. It’s also one of the oldest casinos with a wide choice of games and reasonable deposit requirements.
- Jackpot City. The Internet casino has operating permissions from Kahnawake, MGA, and Spelinspektionen. It’s a reputable gaming club with diverse payment tools, a great choice of products, and generous bounties.
When punters are not certain about the reliability of the definite gaming venue, it’s always necessary to pay attention to the presence and type of operating permission. It’s a symbol of trustworthiness, which guarantees a pleasant and secure gambling experience. Choose one of the officially certified gaming venues and enjoy the best games.