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JPThe licence of an online casino is paramount in building trust. You can take a look at multiple licensed casinos in the following table.
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How does an online casino obtain its licence?
Each country has its own set of gambling rules. Some of them have dedicated commissions that regulate betting websites. Great Britain is such an example because here you can have the United Kingdom Gambling Commission, which is responsible for the casinos that obtain a license. You can also find a similar commission in other countries in Europe and around the world. However, gambling is not always regulated like this in some states. That’s the reason why some online casinos tend to operate in multiple territories using just one licence. In most cases, it’s obtained in Malta, Curacao, or Gibraltar.
In order for an online casino to obtain a licence from a given commission, it has to comply with all requirements. Only then will it receive a permit, but once that happens, it also has to follow certain rules in order to keep it. The licence is valid for a certain period of time, so when the time is up, the casino has to apply for another one.
On the other hand, the licensing commission has to monitor the activity of the casino and ensure fair play to its users. If the company breaches the rules in any way, its licence will be revoked. There are some brands that try to operate without having a licence. However, they usually end up on our blacklist with online casinos that we don’t recommend.
As we’ve already mentioned, the licences in some countries are given out by their respected National Gambling Commissions. Apart from the ones we’ve mentioned, there are other famous gambling commissions from Finland, Sweden, Germany, and Estonia. Still, the majority of online casinos reside in Malta, Gibraltar, and Curacao.
Licences & software providers
Another aspect of an online casino that needs licensing, apart from the brands, is also their games suppliers. Even though most of us are aware, it’s important to remember that the casino slots, table games, and live dealer studios are powered by different providers. They need to be licensed too.
The casino software providers that are available on the betting websites are also licensed by the various governmental commissions in different countries. In addition, their products are regulated by other organizations, such as eCOGRA, for example, which specializes in providing players with high-quality casino services.
Since the casino games themselves are automated and operated by a specific system, this means they can easily be manipulated. That’s why the main goal of these licensing commissions is to check and be sure that these systems employ the RNG (Random Number Generator) properly. Each slot game comes along with a certain return rate for players called RTP (Return To Player). The bigger the percentage, the higher the chance of winning. RTP is also something that the license originators have to keep an eye on.
If a certain provider or an online casino manipulates the integrity of the games, it is subject to severe sanctions as well as licence revocation.
Why do players prefer licensed casinos?
There are several reasons why bettors decide to play in licensed casinos. One of them is due to safety and trust. If an online casino has no license that allows it to perform gambling activities, this means that it’s not regulated, and it can easily manipulate its games.
Apart from that, the fact that a casino has a license gives the player the chance to raise an official complaint if there is a problem. Should the casino breaches some of the regulations and overlooks the players’ rights, they will have to answer to the regulatory authority.
What should we look for when choosing a licensed online casino?
The fact that an online casino has a licence is definitely not the only thing that we need to pay attention to when choosing a website to join.
Reputation among players
The licensed online casinos have a lot of registered players, so it’s always a good idea to check their opinions for the particular casino. By doing this, you can learn more first-hand information about and whether players have problems with the specific brand. Of course, you can always find negative comments, even for the best online casinos, so we advise you to read several reviews before coming to a decision.
Slot games and live casino
In addition to online casino licence, you also need to mind the games and the software companies that provide them. Remember that the variety of games rather than their number is what you need to look for. Live casino games are also an essential factor that more bettors are starting to pay notice to. They are looking for at least the main live dealer games in a licensed online casino. Don’t forget to take a look at the limits that are imposed on these games.
Bonuses
It’s pretty common for online casinos to offer bonuses. The campaigns usually include bonuses for new and existing customers. Even though these bonuses can be very attractive, don’t forget that they may come with hard-to-meet terms.
Customer support
The next important factor that you need to check out when choosing a licensed online casino is customer support. Make sure there are several ways to get in touch with a representative of the brand. Professionalism and speed are also signs of a good casino.
Secure payments
The payments in an online casino have to be reliable and trouble-free for players. Apart from that, players also need to have the option to choose from different methods. Casinos that offer just several options won’t be so popular in this regard.