Published: 25.06.2020, 12:20
3 min read
The online gaming industry has been around for a while and gets an influx of new players every year. Understandably, these players, coming from all over the world, want to verify whether a casino can be trusted. The key aspect of this conversation is gaming licensing.
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Learn what a casino/gambling license is and why checking whether a platform is licensed is important for playing safely.
What a Gaming License Is and How to Get It
A license is a certificate of authority that any gambling platform is required to have. The term “gambling activity” refers to games with bets or luck: for example, slots, poker, blackjack, roulette, lottery, and sports betting. A license obliges online casinos to:
- Run a legal, transparent business.
- Use software from credible manufacturers.
- Adopt safe payment systems, which allow players to receive payouts safely and in a short amount of time. Preferably, there should be several options for players to choose from.
- Offer user comfortable terms for mutual cooperation, thus, building trust with the user base.
The process of getting a gaming license varies depending on which authority is giving it. Another essential factor are the local gambling laws in the country where a platform intends to operate. To get more details, go to the relevant regulator’s website and find out the cost of licenses, what paperwork you need to submit, and other requirements.
Reliability of Casino Licenses
There are many different license authorities worldwide. Unfortunately, not all of them are created equal. Some of them apply stricter rules, while others are cheaper to obtain and provide practically no regulation.
The number of licenses a website has obtained is irrelevant. As a player, you’re much more interested in a casino holding a reputable license than several unreliable ones. Loose gambling rules can cause real damage to players, which is why a platform needs to be compliant with at least one reliable licensing commission to gain trust from the community.
Some of the licensing bodies you can trust are:
- Malta Gaming Authority
- UK Gambling Commission
- Gibraltar Gambling Commission
- Curacao eGaming
- Alderney Gambling Control Commission
- AAMS License
- Dutch Gaming Authority
Why You Need to Pay Attention to Casino’s Licensing
If a casino holds a license, it means they meet industry-approved standards and requirements. If you want your funds to be safe and your withdrawals to be finalized in time, a license is a good indication that it will happen.
Regulators are very strict when it comes to fairness. Gaming platforms often become the subject of examination to see whether they are still compliant with the rules. If a casino is associated with rigged machines or non-payment of big winnings, it will be stripped of its license.
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Return to Player (RTP) percentage is a good sign that operations are run fairly. A licensing commission’s job is to see that there is no space for any fraud and software manipulation. This means that every slot spin or blackjack deal is determined by an RNG (random number generator) system.
Also, to keep a license, an online casino needs to employ the latest encryption technologies. This way, you’ll know that the risk of funds being stolen or third parties accessing your data is minimized.
Overall, the purpose of licensing systems is to:
- eliminate the relationship between gambling and crime;
- enforce fair and transparent terms and practices;
- prevent children and other vulnerable people from being harmed or exploited by gambling.
How to Check Whether a Casino Has a Gambling License
In general, every licensed website will display a footer with all the info you need. When you scroll to the bottom of the page, you should find a stamp indicating the registration and licensing body of a given casino.
Example of Malta Gaming Authority license displayed in the footer of Bob Casino.
Also, you can visit the website of a major regulator in your country and enter the casino’s name on the search page. If the casino has a license or is in the process of obtaining it, it will be shown on the website.
Bob Casino is licensed and regulated by the Malta Gaming Authority so you can be sure that your funds will be handled properly, and you’ll have a wonderful, safe gaming experience.
