Why are gambling licenses so important?
Due to the freedom to provide services in Canada, providers can offer their games in any other Canada. However, among the huge selection of online casinos there are also some black sheep. A legally operating casino requires a valid gambling license. From a player’s perspective, the stricter the casino’s rules are, the more protection you have as a player.
In short, thanks to the regulation, a casino with an online gambling license from another country can also offer you a safe all-round package with all the benefits of a valid online casino license. This includes the all-important security, data and player protection, as well as state-regulated and certified fair play. You can get acquainted with the lineup of casinos at BestCasinosInCanada.net resource.
What are gambling commissions and how do they work?
Gambling commissions are public bodies that regulate gambling and monitor gambling laws. Their remit includes betting, bingo, casino, slot machines and lotteries, but not spread betting. On the one hand, the aim is to keep crime out of gambling such as money laundering. On the other hand, vulnerable individuals are to be protected by certain measures.
The commissions issue licenses to gambling providers who comply with the given regulations. However, they can also impose fines and revoke licenses in the event of non-compliance with the applicable laws.
Furthermore, they are charged with investigating and prosecuting illegal gambling and advising the government on gambling issues. They also cooperate with the police in cases of suspected illegal gambling.
- Gambling Licenses in Malta
The island of Malta continues to experience an upswing in online gambling. The Malta Gaming Authority (MGA) issues the most online gambling licenses in Europe. Malta joined the EU in 2004 and was the first country to introduce online gambling laws. Its first gambling licenses to relevant software publishers were issued the year the MGA was established.
The license has comprehensive player protection and enjoys a good reputation widely.
- Gambling licenses in Curaçao
The island has been issuing online gambling licenses since 1996, making it one of the first in the world. For example, the license examination procedure is said to be much simpler compared to the British one. It is easier to obtain, which comes with a reputation of lack of validation of the provider’s technical systems.
The Curaçao Licensing Authority does not usually intervene in disputes between players and operators. So, the Curacao license from the player’s point of view is more risky.
How to get a gambling license?
In order to obtain a license, there are certain requirements that must be met. Those who wish to acquire an online casino license first submit an application to the relevant gambling commission. If all the requirements are met and the examination is successfully passed, then nothing stands in the way of the license.
What are the criteria for casino licensing?
There are some industry-specific licensing requirements and compliance rules that must be met before gambling licenses are issued.
- Compliance with the law
These regulations vary depending on the licensor. These include general requirements, costs, tax policies, and processing time for applications.
- No criminality
A background check of the operator is conducted. Individuals suspected of being involved in illegal activities will be turned away, even without an application review.
- Liquidity
Obtaining the license as well as operating the online casino cost. It must be proven that the necessary funds are available.
- Software
The casino software must meet the legal requirements. A detailed description of the software functions and games, agreements with software providers and a certificate of the RNG (Random Number Generator) must be available.
Can a casino be operated without a license?
In principle, every legally operating gambling operator needs a corresponding license. However, the reality often looks different. There are some casinos which offer their services without a license. Caution is advised here, because in case of fraud it is almost impossible to take legal action. If in doubt, it is worth taking a closer look at the license and reading testimonials.
What are blacklisted casinos?
As already described, not all online casinos adhere to the applicable regulations. There are some that have a bad reputation due to lack of licensing, lack of payouts and unfair play. Because of this misconduct, they are listed on the so-called “blacklist” so that no more players fall victim to them. These casinos do not have valid gambling licenses.
Conclusion
Gambling licenses are essential for player safety. That is why it is best to play only on websites that have a reputable EU license. Because such an online casino license is also valid for Austria. This way, you can avoid nasty surprises and enjoy the gaming experience worry-free.
