Building an excellent reputation and earning gamblers’ trust is critical for an online casino. This is true for all operators: even in traditional establishments, clients need to know that someone cares about them. Therefore, every game provider, when launching a new online casino project, initially needs a license to take action in the gaming space. Forming a relationship with a legal authority makes it easier for a virtual casino to succeed in the gaming world.
Our experts have compiled a list of well-reputed gaming regulators. This guide will give you an insight into the major licensing organizations in the virtual gambling regulatory industry.
What are the licensing bodies?
- The licensing organizations are federal administrations that have passed legislation providing them the right to legalize and regulate virtual gaming.
- The reason why countries pass the legislation is the desire to create gaming software, generate revenue, or enter the business. These countries are called “online casino jurisdiction.”
- Within the mentioned jurisdictions, a major central body issues licenses. The authorized permission gives the site operators the right to offer their game services in various global gambling marketplaces.
- In most countries, making stakes without a license is illegal.
Are online casinos trustworthy?
In virtual gaming, gamblers generally doubt the reliability of the games. It is risky to play in casinos that offer services without getting a license from authorities. Licensed operators offer an excellent game with much more protection for players. Hence, it is crucial to legalize gambling websites. Government agencies guarantee that the legitimate operators will provide random, safe, and fair game options to customers.
Alderney gambling license
AGCC is a reputed online game provider. It has earned this reputation by keeping its licensees at a high level. Sites licensed by the authorities are required to follow some steps like submitting software for consistent testing, providing reports, and defining a 7-days waiting period for all requests.
Licensing in Antigua and Barbuda
The regulator accountable for licensing 46 virtual casinos in this area is called the Division of Gaming. Back in 1994, this small island chain was the first country that offered regulatory services for gambling on the Internet. As the years passed, many organizations that have somehow modeled the successful gaming business in this area have emerged.
Kanabec online casino license
Kanabec once was one of the major licensing organizations in the world. That territory outside of Quebec is mainly created for allotting virtual licenses. Previously, the body has had a poor reputation as a permission provider for high fees. It has taken several steps to legitimize its licenses, so websites that have permission to gamble here seem more reputable.
Gambling license in Costa Rica
Gaming firms were attracted to Costa Rica in the early days of the online casino industry because this country had no laws regulating the practice. Licensing gambling activities in this region is somewhat questionable, since there is no governing body to enforce the statutes, and there are no rules to be followed. Over 300 gambling sites now have a license here.
Online casino license in Gibraltar
Gibraltar’s tax laws are unique in that they allow the issuance of gambling licenses, and the state has been doing so since 1998. Gibraltar is among the most valued regions in this area. Getting a casino license here is an attractive opportunity with a relatively low cost.
Gambling license in Belize
Licensing authorities here are not concerned with the profit more than with enforcing strict rules regarding online gaming. The foremost condition for a website to obtain legal permission in Belize is that it is not allowed to offer to gamble to Belizean citizens.
Curacao gambling license
Curacao jurisdiction licensed virtual betting websites in the mid-1990s. This organization is among the most popular ones for registering gaming websites. Its licensing authority requires an annual audit of the game software, confirmation of randomness, and proof that none of the participants has a criminal record. It issues two forms of license: sub-license and basic one.
Isle of Man gambling license
This powerful regulator dominates the online casino space. The organization began issuing legal permissions in 2001 and today it is quite a trustworthy jurisdiction. To get a virtual gaming license here operators go through a rigorous vetting process to guarantee compliance. Sites must show actual randomness and integrity in their software several times a year.
Online casino license in Malta
Malta island jurisdiction that operates is called the Lotteries and the Gaming Authority, or LGA. This regulatory body requires some transparency with financial solvency.
Licensing in Cyprus
This is a novel licensing jurisdiction. After the Cypriot authorities voted to allow the legalization of skill tournaments and virtual bingo sites in 2012, the government approved testing an innovative license program for poker games and virtual casinos. The authority issued an initial license in 2015 as part of a pilot program.
Gamblers are constantly seeking new betting sites online. They spend plenty of time checking the website’s reputation, the accuracy of its software, and financial creditworthiness. An easy way to estimate the site’s performance is to check the lawfulness of its activities. If it is licensed by a reliable jurisdiction, its operators run the frequently tested software. Therefore, people who wish to launch a virtual casino and want their customers to trust them should obtain a license.