Licencing Authorities for Online Casinos

Licencing Authorities Ensure the Safety of Online Casinos

Licencing authorities are agencies that allow casinos to operate online. If you are looking for a reputable online casino, one of the first things that you must do is to verify if they have a license to operate by a recognized gambling authority.

Licencing Authorities for Online Casinos Overview

There are so many online gambling sites coming up almost every month. But before any of these online casinos sign up any player, it should first be issued a license to operate. If you think putting up a legitimate online casino is an easy thing to do, think again.

If someone wants to put up an online casino, the first step to do is obtain a license from a recognized gambling authority. A license is crucial as it tells you that the business is:

  • Trustworthy
  • Transparent
  • Committed to fair gaming
  • Concerned about the security of its players

Licencing Authorities per Region

Since every country has its unique legislations for online gambling, a potential online casino can get their gambling license from other countries or jurisdictions. Each country or jurisdiction has a set of requirements that the online casino needs to fulfill. The following are the major governing bodies for Internet gambling:

Europe

  • UK Gambling Commission (UKGC)
  • Amministrazione Autonoma dei Monopoli di Stato (AAMS, for Italy)
  • Autorite de regulation des jeux en ligne (ARJEL, for France)
  • Alderney Gambling Control Commission (AGCC)
  • Belgian Gambling Commission
  • Danish Gambling Authority (DGA)
  • Gambling Supervision Commission (for the Isle of Man)
  • Malta Gaming Authority
  • Comision Nacional del Juego or Spanish Gaming Commission

North America/Central America

  • Nevada Gaming Control Board (NGCB)
  • Kahnawake Gaming Commission (KGC)
  • Panama Gaming Control Board or also known as Junta de Control de Juegos

Caribbean

  • Antigua Division of Gaming
  • Curacao Internet Gambling Association (CIGA)
  • DAC (for Aruba)

Australia/Oceania

  • ACT Gambling and Racing Commission
  • Northern Territory Director-General of Licencing
  • Vanuatu Customs and Inland Revenue

Asia

  • Philippine Amusement and Gaming Corporation (PAGCOR)
  • First Cagayan Leisure and Resort Corporation (FCLRC)

Licencing Authorities Responsibilities

For an online casino to be granted a license by a reputable licencing authority, it should meet the agency’s minimum standards to ensure fairness, security, and reliability. These are the typical requirements that should be met by an online casino in order to obtain a gaming license:

·       The owner and management team of the online casino must pass the licencing authorities’ qualifications

·       The online casino’s RNG (random number generator) will be subjected to regular testing and periodic validation

·       The online casino should follow the regulations regarding permitted and barred players

·       The online casino operator should submit the RTP (return to player) data of every game available in the online casino

·       The online casino will furnish the licencing authority with the pertinent contact information such as email and telephone

·       The online gambling site will establish the deposit limits and observe the allowed timeframe for limit increases

·       The online casino should display their gaming software’s elapsed playing time

·       The online casino team must be able to quickly respond to complaints in a fair and just manner

The responsibility of the licencing authority does not end after an online casino is issued a license to operate. The licenses issued are not permanent so the online casino operator must apply for renewal. The renewal process is put in place so that the online casino operator continuously adhere to the licencing authority’s rules and regulations, which some operators unintentionally or intentionally start violating. The online casino is then re-evaluated before granting them license renewal.

The licencing authority is also responsible for handling the complaints of players. To resolve issues and complaints, the licencing authority calls upon the operators and asks for an explanation from them. If the licencing authority acknowledges that the online casino has committed a violation, they can decide to revoke the operator’s license to operate.

Licencing Benefits to Online Casinos and Players

Reputable and trustworthy online casinos understand the significance of licencing. The online casino can earn the trust of their customers when the site is duly licensed and authorized to operate. Many online players have become aware of the dangers of gambling at unlicensed or rogue casinos. Thus, an online casino that can show off their license will be taken more seriously by customers. Online gamblers who see the online casino’s license will feel relieved they are wagering at a genuine and legitimate platform. It also ensures the players that the games at a licensed online casino will guarantee fair gaming.

For online casinos, their license earns them a better reputation and the loyalty of their customers. A licensed online casino will also find it easier to partner with banks and payment processors, thus providing more banking options to their clients.

Licencing Authorities FAQs

How do licencing authorities benefit online casino operators?

A duly licensed online casino generates a better image and reputation than one without. The goal of online casino operators is to generate as many players as possible in order to earn a good profit. Since online gamblers are becoming more and more educated about choosing online casinos, having a license from a known gambling authority puts you in the list of reputable and trustworthy online gambling sites.

Will it matter if I choose a licensed online casino for gambling?

Yes. Choosing a licensed casino means you are not putting your personal information and money at risk because the casino operator is obliged to follow the rules and regulations of the gambling authority.

Can I report an online casino complaint or dispute to a licencing authority?

Definitely. Licencing authorities monitor and regulate the performance on online gambling sites, thus they will help in resolving your complaints. The online casino will be required to provide an explanation about the dispute and the licencing authority can revoke their license if there is evidence that the online casino intentionally violated the rules and regulations of the licencing authority.

Licencing Authorities Conclusion

Online casino licenses benefit both the business operator and online players. Players can be assured that they are dealing with a legal business and they are not putting their personal data and money at risk. For online casino businesses, having a license helps earn the trust of players and turn them into loyal customers. Operating an authorized online casino also means more partnerships with payment processors and software developers. In a nutshell, licencing is an essential part of the online gambling industry. Licencing authorities are working hard to make the online gambling industry a more secure and safe place.

Licencing Authorities Ensure the Safety of Online Casinos

Licencing authorities are agencies that allow casinos to operate online. If you are looking for a reputable online casino, one of the first things that you must do is to verify if they have a license to operate by a recognized gambling authority.

Licencing Authorities for Online Casinos Overview

There are so many online gambling sites coming up almost every month. But before any of these online casinos sign up any player, it should first be issued a license to operate. If you think putting up a legitimate online casino is an easy thing to do, think again.

If someone wants to put up an online casino, the first step to do is obtain a license from a recognized gambling authority. A license is crucial as it tells you that the business is:

  • Trustworthy
  • Transparent
  • Committed to fair gaming
  • Concerned about the security of its players

Licencing Authorities per Region

Since every country has its unique legislations for online gambling, a potential online casino can get their gambling license from other countries or jurisdictions. Each country or jurisdiction has a set of requirements that the online casino needs to fulfill. The following are the major governing bodies for Internet gambling:

Europe

  • UK Gambling Commission (UKGC)
  • Amministrazione Autonoma dei Monopoli di Stato (AAMS, for Italy)
  • Autorite de regulation des jeux en ligne (ARJEL, for France)
  • Alderney Gambling Control Commission (AGCC)
  • Belgian Gambling Commission
  • Danish Gambling Authority (DGA)
  • Gambling Supervision Commission (for the Isle of Man)
  • Malta Gaming Authority
  • Comision Nacional del Juego or Spanish Gaming Commission

North America/Central America

  • Nevada Gaming Control Board (NGCB)
  • Kahnawake Gaming Commission (KGC)
  • Panama Gaming Control Board or also known as Junta de Control de Juegos

Caribbean

  • Antigua Division of Gaming
  • Curacao Internet Gambling Association (CIGA)
  • DAC (for Aruba)

Australia/Oceania

  • ACT Gambling and Racing Commission
  • Northern Territory Director-General of Licencing
  • Vanuatu Customs and Inland Revenue

Asia

  • Philippine Amusement and Gaming Corporation (PAGCOR)
  • First Cagayan Leisure and Resort Corporation (FCLRC)

Licencing Authorities Responsibilities

For an online casino to be granted a license by a reputable licencing authority, it should meet the agency’s minimum standards to ensure fairness, security, and reliability. These are the typical requirements that should be met by an online casino in order to obtain a gaming license:

·       The owner and management team of the online casino must pass the licencing authorities’ qualifications

·       The online casino’s RNG (random number generator) will be subjected to regular testing and periodic validation

·       The online casino should follow the regulations regarding permitted and barred players

·       The online casino operator should submit the RTP (return to player) data of every game available in the online casino

·       The online casino will furnish the licencing authority with the pertinent contact information such as email and telephone

·       The online gambling site will establish the deposit limits and observe the allowed timeframe for limit increases

·       The online casino should display their gaming software’s elapsed playing time

·       The online casino team must be able to quickly respond to complaints in a fair and just manner

The responsibility of the licencing authority does not end after an online casino is issued a license to operate. The licenses issued are not permanent so the online casino operator must apply for renewal. The renewal process is put in place so that the online casino operator continuously adhere to the licencing authority’s rules and regulations, which some operators unintentionally or intentionally start violating. The online casino is then re-evaluated before granting them license renewal.

The licencing authority is also responsible for handling the complaints of players. To resolve issues and complaints, the licencing authority calls upon the operators and asks for an explanation from them. If the licencing authority acknowledges that the online casino has committed a violation, they can decide to revoke the operator’s license to operate.

Licencing Benefits to Online Casinos and Players

Reputable and trustworthy online casinos understand the significance of licencing. The online casino can earn the trust of their customers when the site is duly licensed and authorized to operate. Many online players have become aware of the dangers of gambling at unlicensed or rogue casinos. Thus, an online casino that can show off their license will be taken more seriously by customers. Online gamblers who see the online casino’s license will feel relieved they are wagering at a genuine and legitimate platform. It also ensures the players that the games at a licensed online casino will guarantee fair gaming.

For online casinos, their license earns them a better reputation and the loyalty of their customers. A licensed online casino will also find it easier to partner with banks and payment processors, thus providing more banking options to their clients.

Licencing Authorities FAQs

How do licencing authorities benefit online casino operators?

A duly licensed online casino generates a better image and reputation than one without. The goal of online casino operators is to generate as many players as possible in order to earn a good profit. Since online gamblers are becoming more and more educated about choosing online casinos, having a license from a known gambling authority puts you in the list of reputable and trustworthy online gambling sites.

Will it matter if I choose a licensed online casino for gambling?

Yes. Choosing a licensed casino means you are not putting your personal information and money at risk because the casino operator is obliged to follow the rules and regulations of the gambling authority.

Can I report an online casino complaint or dispute to a licencing authority?

Definitely. Licencing authorities monitor and regulate the performance on online gambling sites, thus they will help in resolving your complaints. The online casino will be required to provide an explanation about the dispute and the licencing authority can revoke their license if there is evidence that the online casino intentionally violated the rules and regulations of the licencing authority.

Licencing Authorities Conclusion

Online casino licenses benefit both the business operator and online players. Players can be assured that they are dealing with a legal business and they are not putting their personal data and money at risk. For online casino businesses, having a license helps earn the trust of players and turn them into loyal customers. Operating an authorized online casino also means more partnerships with payment processors and software developers. In a nutshell, licencing is an essential part of the online gambling industry. Licencing authorities are working hard to make the online gambling industry a more secure and safe place.