3 Unknown Facts about Online Casino Gambling Licenses
When thinking about which online casino site to join, check if and where the specific casino is licensed is usually not among player’s priorities. But it should be. As a player, try not to be confused by the flashing lights and stunning online casino bonuses they offer. Instead, before you join an online casino site, look for assurances that your money is in safe hands. In this blog, we will be discussing everything about online casino gaming license. Ready? Let’s start?
What is an Online Casino Gambling License?
A gambling license is a digital certificate of power. In short, it is provided by a gaming control board and is officially required by any establishment that offers games of chance or those that involve wagering, like online slots or casino games. The requirement for the provision of a gambling license varies from jurisdiction to jurisdiction, of course.
Reliable online casino should start their business by obtaining a trustworthy online gambling license. It proves a casino is legal and ensures the casino operator’s trustworthy behavior and commitment to a neat & clean gaming policy. Similarly, a license is a good indicator of transparency in business operations and the security of the gaming software offered to players.
3 Unknown Facts about Licenses
As this topic is somehow complex, we’ve decided to reveal the gambling facts and things you’re not aware of about online casino gaming licenses. Here’s what we’ve found out, So far. Let’s see!
1. Players Don’t Always Pay Attention to Casino Gaming Licenses
Usually, players don’t pay attention to casino gambling licenses and the truth is they should be very careful about it. When signing up at an online casino, you share your personal information, such as name, date of birth, address, and banking details. Not to mention the full credit card number and security code. So, you need to be absolutely convinced that the organization you’re sending this information to will only use it for the purpose you intend.
That said, one of the most important factors you should focus on when opting for an online casino is whether the casino of your choice has a gambling license, and which license it is. It’s simply because regulatory organizations and licenses exist to help operators gain trust among players, provide safe and secure services to players and enter new and emerging markets.
2. Number of Gambling Licenses per Casino is not what Matters
To be able to run, every casino needs to have a gaming license. To be precise, all land-based and online casinos must be registered and in compliance in at least one jurisdiction. Most of you probably know that there are many different license officials worldwide, issued by their own governments or in offshore areas.
However, some of the best online casinos UK are trying to maintain trust among players by simply adding multiple licenses that are cheaper, easier to get, and have no strict rules. We believe casinos should obtain a well-known license rather than chase licenses from authorities with loose gambling rules.
3. Not All gambling Licenses are Equally Reliable
As we’ve already mentioned, there are various organizations worldwide that issue gambling licenses to online casinos. These licenses can only be issued after the casino business meets the requirements of the chosen organization. Some of the most famous gambling licences are issued by trustworthy bodies such as:
- UK Gambling Commission
- Malta Gaming Authority
- Gibraltar Gambling Commission
- Curacao eGaming
- Alderney Gambling Control Commission
- AAMS License
- Dutch Gaming Authority
Some countries on the other hand, like Sweden for example, are about to be regulated starting from the next year. Currently, it is evaluated that regulated gambling in Sweden is around 77% at this moment in time, with the government looking to raise this closer to 90%, using these potential new laws.
How Do I Know Where a Casino Is Licensed?
Most new online casinos UK show the gambling license in their footer. You can scroll to the bottom of their home page and you should see a stamp, indicating where the casino website is licensed. Also, the UK Gambling Commission has a search page, where you can check if the casino you’re interested in has a license, as well as where they’re based.