When your hard earned money is involved, it just makes sense to be sure you’re dealing with a reliable company, especially when it comes to online gambling. We cannot stress enough how imperative it is that gamblers choose reputable licensed online casinos. With all of the successful brands in the market today, there is no reason to take a chance on an unlicensed operation. Licensing jurisdictions vary and offer a certain level of protection to players by placing various requirements and restrictions on operators they grant licensing to. This is accomplished in a variety of ways.
An online operator must submit an application to become licensed to offer gambling services to residents in specific regulated regions such as the Malta Gambling Authority, UK Gambling Commission and the Government of Gibraltar, among many others. The application is considered with a review of such factors as the applicant’s software, testing procedures, anti-money laundering procedures, customer privacy and data protection and responsible gambling procedures.
Once a gambling license is approved, there are generally a number of policies that must be adhered to as a condition of licensing. This may include the use of authorized testing agencies and even the account in which customer funds are held in. One of the most stringent in this regard is the UK Gambling Commission. If a licensed operator offers their gambling services to unregulated jurisdictions, the license may be revoked. It’s these types of conditions that generally keep operators on the straight and narrow. If an operator is walking a fine line, they may think twice before crossing it.
What does this all mean to players? There’s been a lot of talk about operators, but as a player the regulator has these rules in place to ultimately protect customers within the market they serve. For example, requiring periodic testing ensures fairness and randomness of casino games. Third party testing agencies such as GLI, TST and eCOGRA audit the random number generator as well as the function of software. Casinos are required to use an authorized testing agency and monthly reports are often published somewhere on the operator’s website for public viewing. As gamblers we expect the games to function properly, right?
Age verification and responsible gambling procedures ensure that operators do all they can to prevent underage and problem gambling. The submission of identification documentation may seem like an annoyance, but in reality the process is in place to keep out the under 18’s. The issue of problem gambling is not one that can be completely managed with policies and procedures, but it does a good job with self-exclusion and links to support organizations such as GamCare and Gambler’s Anonymous.
Keeping customer funds separate from operating expenses was designed to keep your money safe. This practice drastically reduces the odds of non-payment due to the casino blowing your winnings in unauthorized ways.
There are many other licensing requirements with one jurisdiction running things differently from the next. With that said, all of the fine print is collectively intended to protect you and your money as you venture out into the realm of online gambling. Proceed with caution as we do not recommend depositing with an unlicensed casino because in the event that you do not receive a payout or encounter any sort of problem, you have no recourse without a licensing authority behind you.
For more information on licensing in specific jurisdictions, see our Casino License Jurisdictions page.
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