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Any gambling website running its business online needs a license from recognized authorities. It is nearly impossible for them to perform transactions because financial institutions and software providers prefer working with licensed online casinos เว็บพนันออนไลน์ ถูกกฎหมาย only. So, a license is one of the first things for any new casino.
What do the Authorities do?
A casino can apply for a license at the required authorities. The owners need to pay the fee and meet the basic standards set by them when implementing live casino games, slot games สล็อต pgเว็บตรง or software providers. Moreover, some license providers require the casinos to pay an annual fee. But how are the casino licenses issued? What do these authorities consider before issuing them? Some common requirements for a casino license are as follows:
- Regular testing of the RNG software
- Verifying the list of permitted and restricted clientele
- Maintain a record of the returns to players for each game
- Providing different modes of customer support
- Fair and quick response to complaints, etc.
Several other aspects are also under consideration right from the time a casino applies for a license. Some license providers also set up customer dispute centres for casino users to register their complaints. On that note, the following are some reputed license issuers of online casinos.
- Gaming Curacao
Curacao is an official casino license issuer registered since 1996. A casino can apply for two different licenses from this provider. They are the Master License and Sublicense. Gaming Curacao is one of the four master licenses issued by Curacao. Gaming Curacao can issue sublicenses to casinos applying for it. The processing fee is reasonable, and there is no tax on the profits earned by the casino. Gaming Curacao requires the following things to approve the sublicense:
- Annual audits of the software
- Proof that no operator is subject to criminal proceedings
- Confirming the reliability of RNGs regularly
WinClub88 online casino is one of the popular gambling site in Thailand the owns a Gaming Curacao license. It is safe and secure to apply for slot games at WinClub88: สล็อต เว็บตรง ไม่ผ่านเอเย่นต์
PAGCOR abbreviates to the Philippine Amusement and Gaming Corporation. It is a government-owned and regulated authority to operate, regulate, and license casinos. This organization is the largest contributor to the Philippines’ revenue to date. Some policies and rules to be agreed by casinos for getting the license from PAGCOR are as follows:
- Every system belonging to the casino (financial, software, etc.) need to stay open for inspection.
- Every player’s account needs proper protection through a password or PIN
- Advertisements on the sites shouldn’t encourage irresponsible behavior
- Provisions to identify and eliminate compulsive gambling
There is an annual renewal fee on the licenses apart from the application fee. The online licenses from PAGCOR include electronic and bingo games.
- UK Gambling Commission
One largest gaming authorities in the world, the UK Gambling Commission offers a wide range of specific licenses. There are around five remote betting licenses along with several types of remote casino licenses. Here, the license’s application fee depends on the gross gambling yield of the casino. There is a renewal fee to be paid by every casino annually. The UK gambling commission requires
- Proof of funding and financial stability
- Proof stating no criminal records on any operator
- A proper business plan, etc.
Having a valid license from any of these providers develops trust among gamblers compelling them to choose your casino.