Their are many different casino licenses from Malta, Gibraltar, Curaçao or the United Kingdom. On this page we tell you more about which casino licenses.
There are different types of casino licenses and the reason they exist is that you want a controlled gambling market. Most countries with a controlled gambling market also have an authority that licenses companies that want to offer casino games, lotteries and various other types of betting. Providers of online games of chance can offer all types of online games for real money, such as online casinos, sportsbook and Bingo rooms. A condition is that these componies are in possession of a gambling license. Organisations have to meet strict conditions to eventually obtain a casino license.
As in many other countries such as Malta and the United Kingdom, there are many more autorities that oversee and ensure that the gambling companies meet the predetermined requirements. A gambling license is a national matter, which means that there are different requirements for online gambling providers to obtain a license in various countries. On this page we briefly discuss the most popular casino licenses.
A casino license from the Malta Gaming Authority (MGA)
The Malta Gaming Authority (MGA) is one of the most popular licenses available for online casinos. This has to do with strict requirements, which gives the supervisory authority prestige. As a casino player, you know that it meets certain basic requirements online. Here are the requirements of the Malta Gaming Authority. As a player you are not allowed to open a gaming account anonymously or under any other name and this must be verified with proof of identity and proof of home address. Players must be at least 18 years old and this needs to be verified. Another requirement is that the payment method used is demonstrably owned by the player. The casino must be able to offer assistance to players who have gambling problems. All players are required to create an account. There are also strict requirements for technology, safety and fair play. All casinos should have customer service that is easy to reach. In addition, the financial flows and identities of the shareholders and owners of the online casino are examined before they can obtain a license. This is to prevent criminal money flows from entering this sector.
Gibraltar Gaming Authority (GGA) license
Gibraltar is a British territory that has its own laws, including when it comes to taxes. That is why they also have their own gambling authority that sets their requirements for gambling companies that want a license from the Gibraltar gambling authority. This regulatory body is called the Gibraltar Gaming Authority (GGA). All players must create an account and enter and verify their name, age, residential address and payment method. New players should be checked to see if any previous gambling addiction has been registered. The casino must allow all players to set their own deposit limits. Everyone who works at the casino must undergo training in high-risk gambling. There are also strict requirements for technology, safety and fair play. In addition, there is a thorough background check of all co-owners of the online casino. They should enable administrator-side oversight to prevent money laundering and criminal activity.
Casino license from the Curaçao eGaming Licensing Authority
Curaçao is an island in the Caribbean with very favorable tax rules. It is quite easy to get a gambling license here, so many providers of online gambling have first applied for a gambling license from Curaçao when an online casino has just started. It is customary thatCasinos later request more licenses to meet different demands of the markets they want to target. The Curaçao eGaming Licensing Authority does not set very high standards for the casino. For example, there are no extensive requirements for an available customer service. The financial situation of the organization is also not taken into account. One license from this authority is enough for all types of games. It usually takes 20 days for a casino to get its license from Curacao, and these are some of the things to watch out for. Providers may not encourage anyone under the age of 18 to gamble. The online casino’s server must be located in the jurisdiction of Curacao. The gambling company has to pay almost no tax, only 2% of the profit has to be paid to the government. Curaçao eGaming has now started improving its license requirements to improve its reputation. Another requirement is that the outcomes of the games are determined by a random number generator. This is to ensure that the outcome of each game round is completely random.
Casino licensed by the UK Gambling Commission
Licenses from the United Kingdom are issued by the UK Gambling Commission, this regulator has a very good reputation in the industry. They impose strict requirements on the casino applying for the license, and you must have a license for every type of game you want to offer. In addition, every senior person in the organization must have a license, a Personal Management License (PML), which certifies their trustworthiness. Here are some more examples of requirements for obtaining a UK gambling license. All casinos must keep players’ money separate from the company. This rule is important so that players’ winnings can still be paid out in the event of bankruptcy. All players must be at least 18 years old and provide identification to play. The online casino must require verification of age, name, residential address and payment method. The casino should be aware of the risks of gambling and players who gamble at risk should offer assistance. High demands are placed on security in terms of technology, payment methods and fair play. Only software developed by identified software vendors is used. The casino may only advertise honestly that is not misleading to the players. The casino must take measures to prevent money laundering and may only offer secure payment methods. Also, of course, there must be an available customer service.