A licensed online casino. What guarantees a gambling establishment’s licence gives to its players
Every online casino is required to be licensed and/or certified by the appropriate licensing authority of the State. A licence ensures that an online casino website complies with the predefined standards, regulations and certain requirements, offering fair play to its users.
In addition, the licensing requirements establish policies and rules for player authentication (authentication) and measures to ensure the security and protection of their confidential data.
What makes an online casino licensed
- By having a licensed online casino website or gambling platform, online casinos show customers, and thus provide assurances, that any payments made on that service are properly handled and administered and that their product, is fair and unbiased. In addition, should a casino customer encounter any problems or have any questions, the casino administration shall provide the necessary assistance or advice, provide competent answers to questions or help resolve the problem in the best and quickest way possible. However, many players tend to overlook or even ignore this fundamental aspect of online gambling or betting services website.
- Before a particular online casino site (just like a traditional land-based casino) can be licensed and approved by government authorities, it must go through a thorough vetting process. This process includes the investigation of parameters and data such as:
- The personal and biographical details of the owners, the founders of the gaming platform;
- The legal clearance of the founding company, the verification of tax data;
- Security of computer hardware, software licensing, appropriate security measures for handling and storing personal data of clients. Qualification of programmers and system administrators of the resource;
- An audit of all procedures/processes related to payment transactions through the online casino platform;
- Ample and extensive evidence that every game that is offered on the casino site is indeed fair and random.
If the owner fails to meet any of these requirements, the license application will be rejected or the existing license will be revoked.
In order to obtain a licence any online casino must submit documents such as:
- A valid certificate of registration of a legal entity or sole proprietorship, the company’s statutory documents.
- Personal documents of the founders, CEO and chief accountant
- Bank details, as well as certificate of registration with the tax authorities, non-budget state social funds
- Certificates and documents confirming the security of the used computer software, availability of certificate for encryption protocols and cryptographic protection
- Licences or certificates of compliance for the games used in the casino
As can be seen, even with this short list of documents required for the registration of virtual gaming establishments, the company itself and its owners should undergo a thorough check, including through appropriate law enforcement agencies and departments.
How do you know that the online casino has a license?
Typically, if an online casino has an official license, it is published on the home page or in the appropriate section of the site. But that’s only part of the process.
One of the easiest ways to find out thoroughly, if a casino is fully licensed and up-to-date with the fairness of the casino and its players, is to check the online casinos reviews, which will provide you with all the details and information about the online casinos, including the licenses and/or certifications they hold.
If there is an internal feeling that an online casino is dishonest with its licenses and certificates, it can be a smart idea to look for a verified online casino, using the ratings on special review sites. Keep in mind that a casino license not only protects the players, but also the reputation of the country where the casino is located or operated.
Essentially, a proper license or certificate ensures that the online casino, as well as the people in charge, have been thoroughly vetted and that they can be trusted with their money and personal and financial information.
