BGThe license of an online casino is at the heart of trust between it and its players. You can take a look at multiple licensed casinos in the following graph.
How does an online casino obtain its license?
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, such as Bulgaria. However, gambling is not always regulated like this in other countries. That’s the reason why some online casinos tend to operate in multiple territories using just one license. In most cases, it’s obtained in Malta, Curacao, or Gibraltar.
In order for an online casino to obtain a license from the 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 save this license. The license is given for a certain period of time, so when the time is up, the casino has to file another licensing application.
On the other hand, the licensing commission has to monitor the activity of the online casino and ensure fair play to the users of the website. If the casino tries to cheat or use any unscrupulous actions, the license will be revoked. There are online casino websites that try to operate without having a license. However, they usually end up on our blacklist with online casinos that we don’t recommend.
As we’ve already mentioned, the licenses 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. Also, many online casinos reside in Malta, Gibraltar, and Curacao.
The licensing of the casino game providers
Another aspect of an online casino that needs licensing, apart from the brands, is also their proposals. Even though most of us are aware, it’s important to remember that the casino slots, live games, and other similar propositions are offered by different providers and developers. That’s why they also have to be licensed.
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 also regulated by other organizations, such as eCOGRA, for example, which specializes in providing players with quality and honest casino services.
Since the casino games themselves are automated and operated by a specific system, this leads to possibilities in which they can easily be manipulated. That’s why the main goal of these licensing commissions is to check and be sure that these systems are working randomly, with the help of an RNG (Random Number Generator). 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 and fines, as well as license revocation.
Why do players prefer licensed casinos?
There are several reasons why betters decide to play in licensed casinos. One of them is the safety and trust that they incorporate. 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. That’s why it’s crucial that bettors only play in licensed casinos.
Apart from that, the fact that a casino has a license gives the player the chance to complain to someone if there is a problem. If the casino broke some of the bettor’s rights, he is in the position to turn towards the licensing commission and send an inquiry where he can explain what happened. On the other hand, the licensing institution has to check the case and come out with a conclusion.
What should we look for when choosing a licensed online casino?
The fact that an online casino has a license is definitely not the only thing that we need to pay attention to when choosing a website to sign up on. We suggest all bettors take a look at several other factors which will save them a lot of future problems.
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 carefully and check what people said.
Slot games and live casino
In addition to online casino license, you also need to pay attention to the grant of the casino games providers. They are also being monitored by specific commissions and organizations. Apart from that, players need to also pay attention to the available slots games in the casinos. Keep it in mind that a large amount of games is not always good because it’s more important that there are different types of games. Live casino games are also an essential factor that more bettors are starting to pay notice. 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 in these games.
Bonuses
It’s pretty common for online casinos to offer bonuses. These offers are available not only for new customers but also for registered players. Even though these bonuses can be very attractive, don’t forget that they also have certain conditions. We advise you to take a look and go through them so that you can determine for yourself whether you’re capable of completing them in order to take advantage of the bonus.
Customer support
The next important factor that you need to check out when choosing a licensed online casino is customer support. It’s important for the casino to offer several ways of servicing you, but it’s even more critical for the support itself to be good and professional. It’s crucial to pay special attention to this because they need to come up with an answer as soon as possible.
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. It’s more important for players to have a lot of choices and to be sure that their money will transfer from one place to another using a high-level of encrypted connection.