Online gambling licenses at casinos are so very important. Having a license generally means that you can trust the quality online casino you're frequenting is more than just a tick box that needs to be fulfilled before they're legal. More than just a piece of paper or a license fee that must be paid, certain requirements must be met for an online casino to be legal.
- The owners and managers of the casinos must undergo a fit and proper person test.
- The casino sticks to a list of permitted customers and notes those who are prohibited from gambling.
- Regular testing of the random number generator used to keep casino games fair must be done.
- Updated data on the RTP rate for each casino game must be recorded and available.
- Casinos must provide a telephone number and email address and offer online support for all customers.
- It must be visible how long customers have played a particular casino game.
- Players must have the ability to set deposit limits on their accounts.
- There must be waiting periods on any limit increases.
- All complaints about the casino should be handled quickly and fairly.
Gambling jurisdictions refer to the parts of the world where gambling is either regulated or has specific laws in place to allow licensing and regulating gambling in its many different forms.
The UKGC (United Kingdom Gambling Commission) is one of the biggest gambling authorities in the world. This would make sense, considering that the UK itself is big on gambling.
Formed in 2001, the Malta Gaming Authority (MGA) exists to provide licenses for the legal operation of casinos and sportsbooks based in Malta. These businesses can be either land-based or online.
The mantra for the organization is to provide fairness and transparency to all players who use the casinos and sportsbooks licensed by them. They ensure that each online or land-based business is free from crime, money laundering, and corruption. It also protects players' funds in several ways that we will discuss shortly. The business regulating gambling online in Curaçao is called Curaçao eGaming. They're one of the most popular organizations globally for obtaining a license to operate an online casino for several reasons, not least of which is the somewhat favorable tax laws that help the casinos themselves save money.