A reliable online casino business starts with obtaining an online gambling license. It allows running a casino legally and proves the provider’s trustworthy behavior and commitment to a fair gaming policy. A license is also an indicator of transparency in business operations and security of the gaming software offered to customers.
It is impossible to set up a merchant account in a bank without a proper gambling license. Banks are very careful about their business partners and are always willing to cooperate with a company acknowledged by a regulatory body in a certain jurisdiction.
There are many jurisdictions all over the world that issue gambling licenses to online casinos. Online gambling licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.
All online casinos are required to carry a gaming license within the jurisdiction of their business activity. Such that it turns out that most online casinos operate from small islands. The most popular destinations that offer casinos a regulated operational base are Gibraltar, Costa Rica, Antigua, Barbuda, Curacao, Malta, Seychelles, Belize and more.
The level of regulation differs in every jurisdiction, however what is important is that there is some sort of regulation that prevents a casino from not paying its players the winnings they deserve.
In recent years there has been an escalation in criminal activity in online casinos, thus a number of online gambling licensing organizations were set up to assist in minimizing the problem. Seeing as the industry manifested such a negative name for itself online, many countries still prohibit online gambling, such that most online gambling licenses come from offshore jurisdictions as mentioned above.
Why get a Gambling License?
Valsen Gaming Advisory and Regulatory team offers professional assistance and guidance regarding the process of obtaining an online gaming license for Gaming companies. Our gaming services include;
Contact us to discuss your licensing requirements and constraints, we will be happy to provide you expert advice.
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