The experience gambles know that possession of a license is an important factor indicating reliability and integrity of online casinos, bookmaker or poker room. Of course, license possession itself is not a 100% guarantee that there aren’t any problems with the work of casino, payouts speed, bonus rules etc. However, license existence is the evidence that online casino has passed through difficult and expensive registration procedure of the company licensing. So, what actually is Online Gambling License?
In essence, the game license represents a permission to maintains Online gambling business issued by a government or other authorized body of a certain country. At the same time this institution confirms that it monitors the license holder and is ready to act as the arbitrator in the event of irresoluble disputes between players and the operator. The license can be suspended or cancelled in case of the proved serious violations and abuses by the gambling company.
As not all countries license online casinos, there is a limited number of jurisdictions issuing game licenses. As a rule, the self-regulating offshore territories relating to the European countries are engaged in issuing of gambling licenses of global type. For example: Gibraltar, Isle of Man, Alderney, Jersey, Curacao. The licenses issued by the independent countries and territories with the special status are also frequent: Antigua and Barbuda, the Seychelles, Costa Rica, Kannavaca territory in Canada, special economic zones in Philippines. Finally, the majority of the European Union countries and the European Economic Community have their own gaming licenses, such as: Malta, Belgium, Great Britain, Italy, Spain.
However, the majority of the European licenses cover only the territory of their country, except for Malta which is positioned as a global one. Gambling licenses have various reputations considering various sizes of the population and the level of lawmaking and commitment to strict accordance of the law. Proceeding from considerable experience, the team has made the following rating of gaming licenses.
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