It seems that wherever you turn these days there is some kind of casino. With all the options available, it can be difficult to know which casinos are licensed and legal and which are not. In this blog post, we will cover everything you need to know about licensed casinos. We will look at what a license is, what licenses are available, and how to identify a licensed casino. So, if you are just curious about licensed casinos or you are looking for where to play, read on for all the information you need!
What is a casino license?
An online casino license is a certificate that allows an operator to offer its gaming product to players.
The casino will go through the process of applying for a license and will also pay a fee for applying and obtaining a license.
During this process, they are checked to make sure they are eligible for a license. Here are some of the criteria they must meet:
- Offering fair games from legitimate providers.
- Using secure payment gateways.
- Do not mislead with your offers, bonuses and promotions.
- Active work to prevent money laundering
- Has a good approach to responsible gambling, etc.
Importance of a license
A license is required both for the casino and for us, the players. Imagine that you are about to drink a soft drink, but the can is missing any information and you have no idea where the drink comes from.
Would you drink it anyway?
Maybe you would like to, but it puts you at risk of consuming something potentially harmful!
The same goes for the casino. A license is a seal of approval, a “list of ingredients” that ensures you know what you’re getting into.
Can a gambling club operate without the consent of the authorities?
There are several online gambling club administrators who operate without a gambling license. Some of them operate from Costa Rica, but you can find them everywhere, even in India.
Such clubs are known as illegal gambling clubs because they do not operate under special betting rules.
We expressly forbid you to play in these gambling clubs as you and your speculations are at risk if you do so.
You may lose your funds and rewards, and you will also not know for sure if your personal and financial information is protected.
Licensed vs Regulated Casino
As for the licenses required to operate as a casino, there are two different types: international and local. Which one applies to the casino depends on where they plan to operate.
Countries that want or need more control over the gambling market often choose to regulate it by allowing operators to apply for a license to operate on it. Sweden, Spain, France, Italy, Belgium, UK, etc. are regulated markets.
Other countries such as Malta, India, Japan, Chile, Peru, etc. are not regulated, allowing any casino with a broader international license to offer their games to players in that country.
International gaming licenses
The licenses that give real money casinos the most freedom when it comes to expansion are international.
With it, casinos can offer their website to many unregulated countries, often requiring only language support and appropriate payment methods for the respective country.
Regulated Gaming License
The opposite of international licenses are regulated ones. Some countries want to further regulate gambling within their borders by regulating the market.
In this way, the government or relevant body can create a game landscape that best suits the country.
It also means that although the operator is not physically located in the country, he still has to pay tax there.
Only players residing in a regulated country or state can open an account and play from there on a licensed website.
While this sounds complicated, it gives players a lot more protection.
Conclusion:
Enter any casino with confidence knowing that you are well aware of what is going on in the casino. Learning about licensed casinos before gambling will give you an edge and can help you win big! Gambling can be an addiction, so always remember to play responsibly.