Whether it’s online pokies, casino games like roulette and blackjack, bingo or anything else, online gambling is more popular and profitable than ever. It seems that not a month goes by without a brand-new online casino joining the ranks of world-class gambling options on the internet.
Due to the rapid growth of online pokies and casinos, governments have had to think of ways to regulate the process to make it as safe and secure as possible for everyone involved. It is therefore important for all online casinos to get an online casino license in order to legally operate within its territories and accept players from around the world. With this license, online casinos can avoid any problems with the law and gain the confidence of its players.
In order to play pokies and other casino games online, casinos must receive a gambling license. This gambling license is a certificate of authority issued by a licensing authority in a particular jurisdiction. This is required for all websites offerings online pokies, casino games, or any wagering and betting options. The requirements for these gambling licenses vary from jurisdiction to jurisdiction.
Online gambling is prohibited in many countries, therefore most online gambling licenses are issued by jurisdictions of ‘offshore’ countries likes Malta, Gibraltar and Curacao. There is usually an authority within these regions that issues online casino licenses and for regulating these licenses. In order to receive a license from a particular jurisdiction, online casinos must not only meet the criteria, which varies depending on the jurisdiction, but base at least part of its operations within the region.
Obtaining a casino license can be a complicated process and includes various procedures and fees.
Curacao – The Curacao Gaming Control board has been operating since 2002 and is the main jurisdiction for issuing gambling licenses on the island of Curacao. This gaming authority has broad certification and many licensing offerings, making it a good option for new online casinos due to its costs and time frame.
Malta–Malta is the first country in the European Union to introduce regulations regarding remote and online gambling. Malta is one of the most renowned and respected authorities around and obtaining a license from Malta really boosts the validity and credibility of your online casino.
United Kingdom – Online casinos based in Great Britain are regulated by the UK Gambling Commission. Online casinos must obtain a remote license from this board in order to accept players from the UK and operate within this region.
Gibraltar – Gibraltar is another popular gambling jurisdiction offering licenses to online casinos in Europe and around the world. Here, you can receive a license for your online websites that include online pokies, betting and sportsbooks.
Alderney – Alderney introduced its ‘free market approach towards online gaming in 2005. The Alderney Gambling Commission was created to issue online casinos in this jurisdiction with licenses.
Isle of Man – The Isle of Man’s regulatory body issues online casino licenses that is backed by the Online Gambling Regulation and the Electronic Transactions Act. The Isle of Man is one of the most popular jurisdictions to obtain a gambling licenses, although it is known for its strict requirements and professional, unbiased monitoring.
Kahnawake – The Kahnawake Gaming Commission offers online casino and poker licenses as well as companies operating online sportsbooks.
One of the main roles of a gambling control board is to issue gambling licenses. The requirements for a license will be based on the jurisdiction’s gambling controlling act and will vary between regions. Some jurisdictions, like Malta and Isle of Man, are known for their strict requirements, while others, like Curacao, are easier to obtain. In general, gambling authorities will likely look at the following before issuing a license:
As a general rule of thumb, the requirements and standard set by a gaming authority to obtain a license is similar to what you would expect from financial institutions like banks and insurance companies. The reasons for the strict requirements are to prevent people/companies involved in organised crime and fraud or organisations that lack financial stability to receive a license.
Once you have established that your company is able to meet the requirements of a jurisdiction, you must also be aware of the costs involved in receiving a gambling license. Costs to consider include initial licensing costs, ongoing licensing costs, maintenance costs, tax costs, benefits and more. Online casino operators are required to pay these costs in order to successfully receive your gambling license.