Online Casino Licence
There was a time in the history of online casinos when things were not as rosy as they are today. In the early days, the industry was beset with issues pertaining to online safety, fraudulent behaviour, and unfair gaming. The tables only began to turn when passionate gambling professionals collaborated with gambling regulators to set higher standards. Today’s multitude of reputable online gambling sites is thanks to strict licencing protocols. However, even today, it is possible to come across online casinos without a license.
- How To Obtain An Online Casino License
- Casino License Cost
- Online Casino Licence Apply
- Casino License In Nj
Therefore, even though the law that was supposed to allow licensing of online casinos starting in 2012 has ceased being in effect, a few online casinos still operate under existing licenses, which are still valid until 2018 (or possibly 4 years more). Registration No Deposit Bonus - Golden Online Casino Licence South Africa Lion Casino Available in New York Wagering requirements: 50x; Getting this bonus is LITTLE TIME-CONSUMING; When you roll-over the bonus the initial bonus value is deducted; Maximal cashout: $50; Roulette games need to be wagered 60x; Deposit is mandatory for any withdrawal requests. Poker Copilot Licence Key online gaming site. Slots have become popular enough to invade virtual bingo halls and sportsbooks. Get in on the excitement of the one-armed bandit and big payouts at a quality online casino. Blackjack The world’s most popular casino table game is a natural for the Poker Copilot Licence Key online milieu. The online casino of Bwin was launched in 2001 and is one of the web-based casinos that accept players from the US, and more specifically, from the state of New Jersey. The casino, though, is licences in Gibraltar and is currently a property of Bwin International Ltd.
How To Obtain An Online Casino License
The Similarities are Striking
An online casino operating without a licence looks almost exactly like a licenced casino. The layout of the site, the design, and the graphics will look professional. The quality of the overall effect may appear lower than a licenced site, however; it is unlikely that a player will be able to tell the difference. An unlicenced site will likely make a big song and dance about their welcome bonus and they will try to distract players will grand promises regarding how much they could win. Players need to look past the smoke and mirrors and pay close attention to the terms and conditions. An unlicenced site is highly likely to make it impossible for a player to actually walk away with any winnings when playing with bonus funds. This could be down to ridiculous wagering requirements, extremely tight time limits, deposit limits, and payment methods.
Another big difference between licenced and unlicenced sites is the selection of games. At first glance, the games will seem legitimate. However, an unlicenced site is unlikely to be able to offer casino games from any of the licenced and reputable software providers that power the industry. The quality of the games on offer is likely to be significantly lower, and there can be no guarantee of fair play. Players could find themselves spending a huge amount of money placing bets that they will never be able to win – and it will have nothing to do with luck.
Do Your Homework
Regulators, which you can read about if you follow this link, keep a close eye on all the new casino sites hitting the market, but some sites do still slip the net. The onus is on you, therefore, to ensure that any casino you sign up to is fully licenced and regulated. The good news is that it is surprisingly easy to check the licencing credentials of an online gambling site. Scrolling to the bottom of a casino’s homepage, you should be able to see the logo of whichever licencing board has licenced the site. The details of the licence should also be displayed at the end of the page. If you have any doubts about the legitimacy of the logo or licence details, you can head to the licencing board’s website and use their search function to confirm that the casino is listed.
The importance of a gambling licence cannot be stressed enough. The regulator responsible for issuing the licence is also responsible for ensuring that an online casino plays by the rules. And should a player run into any problems with their online casino, such as failure to payout a jackpot, they can turn to the regulator for help. The main European gambling regulators to look out for are the Malta Gaming Authority (MGA), the UK Gambling Commission (UKGC), the Swedish Gambling Authority, and the Gibraltar Gambling Commission.
As we’ve already said, the state of the gambling industry today is so much better than it was twenty years ago. Much has been done, and continues to be done, by professionals within the gambling industry to combat fraudulent behaviour and unlicensed sites. But it is important not to be complacent when it comes to online safety.
For an online casino to be able to operate online without causing any suspicion there needs to be an online casino license provider.
These are companies that regulate the gambling site to make sure that it is safe and that all the games are fair and not rigged.
For this post, we shall look at the top three online casino gambling licence providers as well as the requirements that it takes for you to get a license with them. Or rather for your favourite real money online.
Best Online Casino Gambling License Providers
Malta
Malta is located in the southern Mediterranean. Malta is also part of the EU Member States. Their gaming industry is regulated by the Malta Gaming Authority and is considered to be one of the best online casino license providers in the world.
Curacao
Curacao is one of the oldest online gambling licence regulators. They have been regulating online casino licenses since 1993. Curacao is an island nation and online gambling is allowed there. However, online providers are not allowed to offer their online casino products offshore. The licensing process that comes with Curacao is fast, low cost and they offer their players a wide range of benefits.
Kahnawake
The Kahnawake Gaming Commission is the one that is in charge of issuing the licensing of the Kahnawake gaming license. Kahnawake is a Mohawk territory and the First Nations reserve, it is located in Quebec, Canada. Kahnawake started issuing their online casino gambling license in 1999 and they offer their services to several online casino sites.
Overview of the Top Online Casino Licence Providers
| Overview Criteria | Curacao | Kahnawake | Malta |
|---|---|---|---|
| Timeframe to get the License | 2-3 business days | 8-10 weeks | 10-12 weeks |
| Complexity level by License | Low-Medium | Medium | Medium-High |
| Approximate License Cost | $ | $$ | $$$ |
| Taxation Costs *restrictions apply **Taxation will depend on where the casino depends on operating ***effective tax rates as low as 5% for non-resident UBO’s | 0% Cooperate and income gaming tax* | 0% Corporate and Income tax** | 35% Income and tax rate *** |
Conclusion
This is a general overview of the top three online casino license boards. Each has its own pros and cons as well. Before taking a license with any of the licensing boards, online casinos site operators always need to make sure that they check for the fine print. These are the small details that have a bearing on the licensing board terms and conditions.