In some parts of the world where strict laws and regulations on casino gambling are applied, having a casino license is an important requirement for any gambling platforms and companies to operate legally in specific countries. A license is an assurance to consumers that a casino will administer fair play, has undergone inspections, has been ensured to have met guidelines and follows policies set upon by gambling authorities. This will also ensure payers that the players can trust the casino with their information and bank details in safe transactions.
When it comes to licenses, NetEnt ensures that all games and casinos they create are in compliance with the requirements set out by different regulating bodies under respective jurisdictions to which they serve their market to. The company ensures to qualify with the important responsible gaming criteria on both suppliers and casinos in order to provide responsible, safe and trustworthy wishmaker casino online gaming to the gaming market. NetEnt also fully supports new regulations and other gaming policies in order to protect its integrity as a leading game software provider in the industry of gaming.
A casino license is a conditional permit what allows a gambling company to legally operate on a specific market under certain jurisdiction. This is issued by a relevant regulatory body or by the government to casino operators and other gambling operators in order for them to offer their services legally to its target market. Both land casinos and online casinos are required to acquire a casino license. In order for gambling operators to qualify for a casino license, they must meet strict regulatory conditions and must operate in accordance to the laws set by a jurisdiction in order to keep the license from being revoked. Unless an operator is issued with a gambling license, all other casino operations are considered outlaw which may or may not be subject to sanctions or banning depending on how strict a jurisdiction can be in implementing their laws on gambling.
Casino licenses are issued to protect players from fraud as well as the countries where the operator is based on certain laws that may apply to the specific market to which it is operating and offering their service. Without licenses, there is no way that players would know that the fortune jackpots casino online is not a fraud, and is actually a real money operating casino that caters to real players. Since money and identity is normally involved in creating accounts in the casino, licenses will ensure the protection and safety of the players. A casino license ensures that the operating system, content, safety, company and the people behind the operation have been fully checked by regulating bodies and are deemed worthy of its players’ trust and money.
There are different kinds of casino licenses are existing in the gambling industry which are issued in accordance with different jurisdiction and laws to where it is passed. Especially on online casinos where they are operated in a much larger market through the Internet, it is possible for a company to acquire more than one license. For instance, NetEnt has licenses in countries which have regulated markets for gambling such as the UK, Malta, Gibraltar, Italy, Denmark, Spain and more. These licenses have made NetEnt a prime online casino gaming provider in the world.
There are countries that recognize certain issued licenses. This only means that they have a regulated gambling market. However, there are also countries that do not have strictly regulated markets which do not really consider a specific license issued on the operators such as Malta. With Malta, an operator does not really need to hold a Malta license but as long as it has a recognized casino license from wherever it’s from, the operator can offer its services to the territory of Malta. If you are from Europe, you should choose to play on casinos with EU or Malta licenses to ensure safe and legal play.
Here are some of the countries that offer licenses to various online casinos that you can find on the web. Specifically, these are some of the licenses acquired by NetEnt in all their games and most of their casinos:
License Info: NetEnt Malta holds Class 4 Supplier License (MGA/CL4/184/2004)
License Info: NetEnt Gibraltar holds an Operating license for Casino (B2B) (RGL No. 072)
License Info: NetEnt Americas LLC received a waiver from the New Jersey Division of Gaming Enforcement.
License Info: NetEnt Americas LLC holds Gaming Services Provider (Class B Suppliers) license with Reg. Number: 236693
License Info: Genereal License for Other Games ( LGEN/ 000018)
Singular License for Slots (LSIN/ 00023)
License Info: NetEnt Malta Limited (Ref: 39360)
NetEnt (Gibraltar) Limited (Ref: 39361)
NetEnt Alderney Limited (Ref: 39600)
NetEnt AB (publ) (Ref: 39861)
License Info: Supplier License (E149490)
UKGC is the world leader in providing safety and security for players within the United Kingdom and was established under the Gambling Act of 2005 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 MGA have been issuing licenses to casinos since the Lotteries and Games Act 2001 was founded and has become the most popular regulatory body in the online casino industry.
Malta is also the first ever EU country to start giving out licenses to online casinos. Approximately 10% of all online casinos around the world are licensed by the Malta Gaming Authority
Curaçao, has been issuing gaming licenses since 1996, whilst still controlled by the Netherlands Antilles and still exists today as a regulating body that has the specific task of controlling casino gambling in Curacao.
It is tasked to regulate the licensing, casino set-ups, collect tax for revenue, compliance with laws and ensuring that casinos follow and promote responsible gaming to its players.
The AGCC is definitely one of the most well-known and reliable licensing authorities in the online casino industry. It was founded in May 2000 at the British dependency of Alderney. The AGCC is famous for being a licensing authority with strict policies and regulations.
It aims for a fair, secure, transparent, and overall great gaming environment for newbie and experienced casino players to enjoy.
Since 1994, all internet iGaming activities are regulated by the Division of Gaming which is under the umbrella of the Financial Services Regulatory Commission (FSRC).
The gaming commission enforces all guidelines on internal gambling operations of companies such as the registration, advertising, licensing, payment methods, customer feedback and other iGaming related issues that may occur.
Belgium has one of the biggest economies in all of Europe which has eventually developed to a modern economy through the years. It’s also one of the few EU countries that gives gambling licenses to online casinos.
All of these things make Belgium a great market for the online casino gaming industry- which is why the country can now be considered a European offshore gaming hub.
France has only offered licenses to non-French gambling companies in 2010, wherein they are allowed to operate online for five years prior to renewal of license. Although gambling has been always present for many ages in the country, there are still strong restrictions that remain in the gambling industry today.
All gambling activities in France are regulated by the Subdivision of Races and Games (SRG) or Soud Direction des Courses et des Jeus.
The Italian government used to consider gambling as a form of criminal activity. But since 2010, everything changed and this country began developing a gambling authority which is the AAMS. Italy now issues a gambling license for online casinos that will meet their high standards.
The AAMS is also responsible for maintaining high gambling standards, monitoring licensees, and enforcing all regulations and rules that are related to gambling.
All gambling-related activities in the country are regulated and monitored by the Danish Gaming Authority. The DGA is an independent agency of the Danish Government. The Danish Gambling Authority also working under the supervision and assistance of the Danish Ministry of Taxation.
The DGA is responsible for regulating and licensing all online casino operators in the country. It monitors every online casino game, including lottery, slot games, poker games, as well as all online casinos that are currently operating.
Gibraltar has been providing licenses to gambling operators since 1998 and since has been best- known gambling jurisdiction because of its excellent reputation when it comes to its regulatory practices. In fact, Gibraltar is on the “white-list” of the United Kingdom Gambling Commission making it possible to offer their services to residents of the UK.
Since then, Gibraltar continued to develop its gambling legislation and now offers various gambling licenses.
With online casino gaming being one of the trends in online gambling, one way to check if the casino that you are planning on joining is a reputable one and is one that you can trust your information with.
At the very least, before you sign up for a new casino, you should double check if the casino has a license issued by a trusted regulatory body from a trusted country. All the license information must be stated clearly and displayed on the site by the casino operators for players to be informed.
In the world of internet, it is so easy to give out personal information—the same goes for how we lose control of the privacy for it. A casino operating without a license is risky for both players and operators. Since licenses work together with certain laws and regulations, operating without it is considered breaking the law. As for the players, licenses are important to ensure that all information given especially the bank details is safe. A license adds credibility to an online casino. Without it, are you really sure you are safe from fraud?
What is a gaming license for?
A gaming license is a permit issued by the state or a regulating body to operate or conduct any gambling game or activity, launch gaming device, slot machines or offer sportsbook. A gaming license is proof that an online casino is operating legally under a jurisdiction or a legitimate licensing authority and that the winning payouts are guaranteed. It also provides security to the business and to players against fraud.
Why do casinos need to secure a casino license?
Securing a gaming or casino license is an important first step to accomplish when opening an online casino. Failure to obtain one means that your online casino is bogus.
This casino license will serve as the backbone which will prove its legitimacy as an operational casino. Also, a license will allow the casino to perform operations such as buying games and software from game providers or manufacturers and customizing a reliable payment system for the website for all deposits and withdrawal of winnings.
How do you know if a casino is licensed?
If an online casino fails to publicly present its license, players would find it suspicious and would be hard for an online casino to build trust in its potential players. Online casinos must declare their licenses on their website where it is easily seen by the players. Most online casinos place their license information such as license number, jurisdiction, licensing authority and other info at the bottom of the site for the players to read.
While having a license does not really guarantee whether an online casino is legit or not, not having a license to operate is already a huge red flag.
What authorities grant casino licenses?
Online casinos are under different jurisdiction depending on what country or territory it legally operates from. Each jurisdiction has a regulatory body which regulates the gambling industry which includes granting or renewing licenses.
These regulating bodies are under the umbrella term of Gaming control board. Some of the common authorities that you can find in many casinos are the UK Gambling Commission, Malta Gaming Authority and the Curacao e-Gaming Licensing authorities.
How to apply for a casino license?
Getting a license to operate is a crucial step and may take a few weeks to complete the application process. Online casinos, being a gambling business, is a specific type of business that is not favored in all countries as some consider gambling as illegal. Each jurisdiction has its own requirements as well as its cost of the license. Requirements may also be different for those casinos who wanted to operate remotely. If you want to provide gambling services remotely, you must have a license from the Gambling Commission.
How much does a license cost and when does a casino license expire?
Operators need to pay for an annual license fee. The amount charged to the licensee depends on the scope of and services that the casino would offer. As stated in the Gambling Act 2005, operators need to pay their annual fee in full before the anniversary date stated on their license.
What type of games requires a license?
All gambling games and activities including arcades, betting, bingo, casino, gambling software, gaming machines, and lotteries are required to have an operating license which is accomplished by their game providers. On top of that, casinos need an operating license from a gaming authority in order to legally operate.
How are player funds protected?
One important factor to consider before playing at an online casino is whether they adhere to security standards in which financial and personal information is protected. With a license, casinos are ensured to have its players secured from being exploited by the companies. Gaming authorities ensure that casinos provide their players with fair gaming, safeguard players against cyber attacks and that player have a safe and secure transaction. In case an operator fails to comply with the licensing authority’s standards, the online casino’s license will be revoked.
What to do if a company failed to pay the annual license fee?
Gaming authorities are strict about licensee’s compliance with their regulations. If a licensee fails to pay for the annual license, it is already considered as non-compliance to licensing regulations. Thus, the license may be revoked. If an operator wishes to continue its operations, they will have to re-apply for a license. Until a new license is issued, operators should not conduct any of its activities.
How to renew a gaming license?
Prior to the expiration of the license, license authorities will send out a notice for renewal or re-application of a license. Licensees are notified of their license expiry date and are encouraged to settle their renewal requirements prior to that.
Regardless of the reason for the renewal, whether if it’s the usual annual renewal or due to revoked license for non-compliance of the regulations, the licensee must submit a renewal application in order to be issued a license.
How long does renewing a casino license take?
The process may take time since authorities will need to check for the operator’s compliance with regulations so it is advised to settle for renewal earlier.
However, for those operators whose licenses were revoked due to non-compliance make take even a longer time since the casino will have to re-evaluate the business. Until a new license is issued, the business is prohibited to operate as it will be considered illegal since there is no issued valid license yet.