We always emphasize on choosing an online casino that has a proper license. It’s crucial that you play in an online casino that follows certain protocols and is regularly monitored by an authority. It ensures proper safety measures and peace of mind on your part.
Things You Need to Know About Casino Licensing
It’s a must for online casinos to obtain a license before it can operate publicly. Whatever the platform is, there’s no way around a license if a casino offers betting, bingo, poker, live casino, or online slot services.
Without a license, an online casino is not even eligible for a bank account, let alone putting games on the platform. Games at an online casino are provided by software providers which require a contract among both parties. The contract won’t be valid if the casino doesn’t have a license.
Keep in mind that having a license doesn’t guarantee that the casino can operate on any soil. Local legislation and regulations happen to influence the legality of an online casino as well. For example, Australia used to be the ground zero for a lot of operators until the Interactive Gambling Amendment Act 2017 was placed.
What does a License Do?
For starters, a license allows the online casino to display games on the platform. The casino can now have contracts with software providers all over the world. The casino can also open a bank account where all the transactions will take place.
But as a player, you should be concerned with the RTP (Return To Player), game fairness, random number generators, and overall security of the casino. The regulatory authority that provides the license is in charge of monitoring the casino activity regularly.
You can find information regarding a casino’s license on the website. In most cases, in the footer section of the website. A license ensures that the slots aren’t rigged for improper RTP. The casino can’t forfeit any of your legal winnings as well. The casino must go through regular audit regarding the random number generators.
The question that arises now is which license should you look for? Well, it depends on region and territories. There are multiple organizations capable of providing an online casino license. UK Gambling Commission, Malta Gaming Authority, Curacao Gaming Control Board, Gibraltar Betting and Gaming Association, etc. are the most common and reliable licensing authorities.
There are other authorities in Alderney, Belgium, Isle of Man, Macao, etc. from where an online casino owner can get his license.
As a responsible player, you should always check the bottom of any online casino website to see the licensing information. The information usually consists of a license number as well. If you want to be absolutely sure, you can go ahead and check it with the corresponding authority.
Online casinos are so much fun because they are regulated and monitored all the time. If you want to be part of the fun, you should always go with a casino with proper licensing.
Play at casinos we suggest!