When thinking about which online casino to join, checking if and where the particular casino is licensed is usually not among player’s priorities. And it should be. As a player, try not to be distracted by the flashing lights and attractive online casino bonuses they offer. Instead, before you join an online casino, look for assurances that your money is in safe hands. Our blog will help you learn everything you didn’t know about online casino gaming licenses. Ready? Let’s go!
What Is an Online Casino Gambling Licence?
A gambling license is a digital certificate of authority. More precisely, it is issued 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 table games. The requirements for the issuance of a gambling license vary from jurisdiction to jurisdiction, of course.
“A reliable online casino establishment should start its business with obtaining a reputable gambling license.”
Reliable online casinos should start their business with obtaining a reputable online gambling license. Not only does it prove a casino is legal, but also warrants the casino operator’s trustworthy behaviour and commitment to a fair gaming policy. Likewise, a license is a good indicator of transparency in business operations and security of the gaming software offered to customers.
3 Lesser-Known Facts about Licenses
As this topic is somehow complex, we’ve decided to do a little digging about the gambling facts and things you didn’t know about online casino gaming licenses. Here’s what we’ve found out, so far.
#1 Players Don’t Always Pay Attention to Casino Gaming Licences
Players usually don’t pay attention to casino gaming licenses and the truth is they should be very careful about it. Namely, when setting up an account at an online casino, you are are sharing your personal details, such as name, date of birth, address, and payment information. Not to mention your full credit card number and security code. So, you need to be absolutely sure that the institution you’re sending this information to will only use it for the purpose you intend.
“Players need to pay more attention if the casino of their choice has a reputable gambling license.”
That said, one of the most important aspects you should focus on when choosing an online casino is whether the casino of your choice has a gambling license, and which license it is. It’s simply because regulatory bodies 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
In order to be able to operate, every casino needs to have a gaming license. In other words, 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 authorities worldwide, issued by their own governments or in offshore areas.
“It is better for casinos to obtain a reputable license rather than chase for licences with loose gambling rules.”
However, some online casinos are trying to build trust among players by simply adding multiple licenses that are cheaper, easier to get, and have no strict rules. We believe it is better for casinos to obtain a reputable license rather than chase for licences coming from authorities with loose gambling rules.
#3 Not All Gambling Licenses Are Equally Reliable
As we’ve already mentioned, there are various jurisdictions worldwide that issue gambling licenses to online casinos. These licenses can only be issued after the casino business meets the necessary requirements of the chosen jurisdiction. Some of the most popular gambling licences are issued by the trustworthy bodies such as:
- UK Gambling Commission
- Malta Gaming Authority
- Gibraltar Gambling Commission
- Curaçao eGaming
- Alderney Gambling Control Commission
- AAMS License
- Dutch Gaming Authority
Some markets on the other hand, like Sweden for example, are about to be regulated starting from the next year. Currently, it is estimated 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 online casinos display 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 registered. Also, the UK Gambling Commission has a search page, where you can check if the casino you’re interested in has a license (or is in the process of applying), as well as where they’re based.
Written by Katarina Vojvodic