Licenses and Regulations
All operating casinos are regulated and licensed by the UK Gambling Commission. It was established under the Gambling Act of 2005, an act passed by the government to control and regulate all forms of gambling in the UK whether in offline or online. With the new online casinos being introduced to the UK Market, this legislation is aimed at dealing with the evolution of online gambling. The UKGC issues licenses to online betting companies and monitors their compliance with the laws and regulations set by the government. Recently, the UK Government introduced the Gambling (Licensing and Advertising) Act of 2014 which specializes in regulating casinos (especially from overseas) wanting to enter the casino market in the UK. Under this act, casino providers are required to have all their games approved and licensed by the UK Gambling Commission in order to legally operate in the UK.
When it comes to doing any activities online, security will always be one of the concerns since any online accounts are susceptible to hacking. However, as per requirement, all online bitcoin casino game
is required to secure encryption to all client information and transactions to protect them against unauthorized transactions or hacking. All information shared between the client and the casino must always remain confidential at all times.
How to Ensure Safety in Casinos
As advised by the Gambling Commission, here are some of the things that players can do to ensure safety in online casinos:
- Check if the operator is fully licensed.
- Check if the operator provides information on how to gamble safely.
- Check if the operator provides information on how to gamble responsibly.
- Check if customer service is legit and the contact information provided works.
- Players’ funds should be segregated from the operating costs.
- Check if promotions are real.
In 2018, the Competition and Markets Authority (CMA) passed a new ruling on online casino regarding UK bonuses. The CMA regulates and cracks down online gambling companies who make vague promotions.
UK residents are subject to no tax on their winnings. Basically, there is no windfall tax on large lottery wins. However, if gambling is the main source of income of the player, gambling winnings may be subject to tax as based on the HM Revenue & Customs (HMRC) breakdown of income tax in the UK.
Payment Methods for UK Casino Players
UK Players are provided with a wide range of payment options to use when making transactions with online casinos. Players may choose to have their deposits or withdrawal via debit and credit cards, e-wallets, and prepaid vouchers. Prior to making any transactions with the online casino, always make sure that the online casino that you are about to transact with is a licensed real money online casino. All transactions should be encrypted and operating costs should be separated from the funds of the players in the casino. UK casino players can process their deposits and payouts in GBP, USD and EUR as the standard acceptable currencies in most UK based online casinos.
How to Find the Best UK Online Casino
Finding the best online UK-based casino can be a bit of a headache especially when you are bombarded with tons of options to choose from. Here are some of the factors that you should check when choosing the UK online casino to trust:
Theme and Graphics
Make sure that you like the theme and the graphics are of good quality. This may be the least of your concern; however, one way or another you’ll notice that it somehow will impact your experience in the online casino.
Promotion and Bonus
Choose an online casino that offers a promising sign-up offer or welcome packages from your first few deposits.
Game Selection and Software
Choose an online casino that offers a great selection of games that are provided by reputable game software providers.
License and Security
Always check if the UK online casino is licensed under the UK Gambling Commission. Always make sure that you are informed of how your personal info is being protected in the casino (encryption, an online security company, etc.)
Choose an online casino that offers a wide selection of payment options for your casino transactions. Check the currencies accepted, withdrawal time frame and other accepted mode of payments for deposits or for making withdrawals.
If you are not sure which online casino should you choose for your online casino sessions, look up the internet and search for reviews about various UK online casinos available today. Know the pros and cons of the online casinos to narrow down your options.