Online Gambling Licensing
Once upon a time...
Before we start the main topic let's take a look on the development of e-gambling industry and problems that hampered it in the past. Once upon a time a lot of gambling establishments has appeared. They instantly obtained a huge popularity and had the call. Of course the most popular casino for iPad users were in USA and as a result online casinos too.
Gambling business attracted more and more owners and seemed to be really lucrative, so more and more gambling enterprises entered the market. Players were fond of casino games and services offered by gambling establishments and continued to entertain themselves by spending and winning money there. And all seemed to be going well, but the thing was that both of them (owners and gamers) most of all were exciting about earning money. That was the reason for many casino to provide their clients with unfair game and use cheating to prevent an occurrence of winning. Players in their turn tried to learn the system, to crack and to outsmart it.
A good solution
That period was the most hard for the gambling industry: it actually lost all characteristics that made it so attractive for people, its shine and gloss disappeared. Of cause there were honest operators and players, but they suffered from disrepute just the same.
In some moment a good solution of the problem was founded.
The online gambling operators were annoyed by a stigma attached to them so they decided to uplift the credibility and return a client`s confidence. Therefore from the first online gambling operators subjected their business to self regulation policy until a licensing body was created.
For today we have an innumerable quantity of successful online gambling websites, and naturally a huge amount of their clients, whose expectations are all about entertaining fair and secure games. So legal regulation and the standardization are badly needed for every member of gambling industry. Being a gambler you should always check if a gambling site has a license before play or install casino.
Now the functioning of online gambling business, such as online roulette, is regulated through many of gambling licensing organizations. Various governments extending throughout the world can issue online gambling license. It is necessary to mention that legislations of many countries forbid online casino gaming, so licensing frequently has the offshore character. Getting a gambling license is a quite complicated and costly process, which presupposes investigation, research with evidences and absolute assurance of online casino business`s legal existence and operation, know more about online gambling jurisdictions and licenses. However, large majority of gambling companies do have gambling license.On our site you may also check the reputable software providers each of which has a quantity of licenses.
Obtaining the gambling license brings a lot of advantages:
- First of all, reputation is the most powerful thing to attract huge volume of clients and hereby the most valuable for online gambling business owners. As long as gambling license is unmistakable sign of security, lawfulness, honest dealing and reliability the obtaining gambling company will prosper and maintain its popularity
- Every gambling company needs to run its business with the participations of banks in it. While opening an account in a bank it`ll be necessary to have a gambling license. The gambling company can`t receive payments from bank cards if it is not licensed.
- It considered to be illegal in different countries to run the gambling business without the identical license
The Caribbean & Pacific Island Governments like Antigua and Barbuda, Vanuatu , Costa Rica, Dominica, St Kitts & Nevis, Curacau are the most reputable departments issuing gambling licenses.
Gambling licensing jurisdictions` list:
- Isle of Man
- Netherlands Antilles
- Antigua and Barbuda
- Dominican Republic
- Costa Rica