Best Online Casino Licenses and Regulations
It’s important for the Best online casinos you choose to be regulated by third party organisations. This is because these organisations ensure the site is operating legally and according to the standards they have set. These standards will span features such as the fairness of games, quality of customer support and management of customer finances.
Some Gambling Commission has a high quality regulation process in place. Even just applying for a license will take up to 16 weeks in total, and strict player protection is in place, as well as a high gambling tax. Not all locations are like this, however, and players should check that their chosen operator has a license. The reality is, many countries don’t regulate their online casinos – what’s more, they may not even legally allow these companies to operate.
Jurisdictions which are known for high standards include Alderney, Gibraltar, Malta and Isle of Man. If a casino site has a license and operates from one of these jurisdictions, you can rest assured that they are operating legally. That being said, there are locations such as the UK, Italy, Denmark and certain states in America which are establishing their own sets of gambling legislation. This means that the future of online casino licensing could become increasingly country specific.
Malta Gaming Authority
Set up back in 2001, this authority has membership in the EU as well as a good reputation in the iGaming industry. It features generous tax rates, which has led to hundreds of iGaming companies to operate via this location.
Isle of Man Gambling Supervision Commission
This location is similar to Malta in that it’s a tax haven. Many companies have decided to use the Isle of Man to register and license their operations as a result. There are high security and quality guidelines to adhere to if you are licensed by this commission.
New Jersey Division of Gaming Enforcement
To start with, this authority was tasked with supervising land based casinos. However, it now regulates online casinos. It was established back in 1977, and requires American citizens who want to gamble in this area to use operators which are locally licensed.
Nevada Gaming Control Board
This authority was founded in 2011 after state law surrounding online gambling experienced some change. US citizens who reside in Nevada must use online casinos which are licensed by this control board.
Responsible Gambling
While gambling is intended to be a source of fun and excitement for punters, there are unfortunately times when an interest in this area can go too far. As gambling can become an addictive habit which can have an adverse effect on peoples’ lives, it’s important to choose a casino operator which tackles the issue of responsible gambling thoroughly and effectively. There will usually be a section on the site which includes links to sources of support, such as BeGambleAware. Furthermore, there will often be measures the casino can put in place to help control your gambling. For example, you can keep an eye on your budget by setting a limit on daily, weekly or monthly deposits. There are also alerts which can be set to go off after a specific timeframe has elapsed, in order to remind you of how long you’ve spent on a casino site. If your habit is becoming difficult to control, another option is to take a cooling off period, or self-exclude from the site. In this case, you can disable your account for six months or more.
If you self-exclude from all of the casino sites you’ve registered at, this is a good first step, but you can take it further by installing software such as GamBlock. This technology works to block all online casino sites which you may be tempted to load on your desktop. Depending where you resie, there is a service called, which allows you to go through a simple process to self exclude from online casinos licensed.