Best Online Casino Licenses to Look for
Playing for real money at an online casino can be perfectly safe as long as you take the proper precautions to ensure you are gambling at a secure and legitimate site. As you may already know, the best casino sites have official licensing from leading gambling jurisdictions. So what are the best online casino licenses you should look for?
Generally, online gambling laws vary dramatically from country to country. When playing at real money casino sites it’s vital that the casino is licensed by a reputable gambling jurisdiction so you can be sure that your personal and financial data is safe.
Sticking with casino sites that have certification from a trustworthy gambling jurisdiction ensures the venue is operating free from crime and that it’s running in accordance with local laws. Some steps you can take to find out if a casino is licensed or not are:
- Check for logo
- Verify the logo
- Re-verify the license
You’d be surprised to know that many of the best offshore gambling jurisdictions aren’t where you think they are. For instance, you won’t find any online casinos licensed in Australia or the United States.
The truth is that some of the nest online casinos actually run from far less known places, which doesn’t make them any less trustworthy or legitimate. Casino licenses are there to protect both the countries where the operator is based and the players. Without them, anybody could open a casino.
Finally, if interested, you can find a full list of Dama NV casinos at Online Casino Groups website. Always bear in mind that without a proper license, a casino is breaking the law and can’t be trusted with your data.
Generally, Curacao is considered one of the most accessible jurisdictions for licensing and it’s the most obvious choice for entrepreneurs looking to branch out into the online gambling world.
Curacao gaming license is by far one of the most popular in the world with over 400 online gambling operators licensed and operating from within the jurisdiction. It has one of the shortest processing times, it’s cost-efficient, and offers a one-size-fits-all license. That’s some of the reasons why it’s so popular.
To this day, Curacao remains the easiest jurisdiction to get a gaming license from. Some other advantages of this small island are a fast licensing process, low ongoing expenses, and zero percent tax on casino profits.
Malta issues licenses based on very strict checking of documents as well as verification process, which makes this license the second most trustworthy and popular license in the whole world.
As small as it may be, Malta has granted licenses to over 370 online gaming sites and has been doing so ever since the year 2000. In order to get a permit, a casino site must pay an initial fee of 2,5000 euros.
The Malta Gaming Authority features four classes of remote gaming licenses, where class 1 through 3 licenses cost an annual $25,000, and class 4 license is $10,000.
As with many other jurisdictions, a casino site that has been granted a Maltese gaming license is not allowed to offer nor take wagers from Maltese citizens.
The main mission of the Malta Gaming Authority is to ensure the integrity of games and gaming devices, promote a responsible gambling environment and protect monitors and vulnerable players.
There are a number of other reasons why you should consider Malta as a jurisdiction of choice for your gambling operations such as the rate is set at 5% of the Gross Gaming Revenue and Gaming operators are only required to pay tax in Malta on revenue from Maltese customers.
In 2005, Gibraltar implemented legislation very similar to Malta’s but more flexible in certain areas. Although GLA has a full 22 years in operation after granting its first license back in 1998, it has just over 300 organizations licensed under it, which makes it the third-largest online gaming licensing authority.
Additionally, Gibraltar charges an annual licensing fee of $100,000 for all types of gambling operations. The Gibraltar Betting & Gaming Associations wants offshore governments to know that Gibraltar gaming licenses are completely safe and trustworthy.
Finally, the purpose of the GBGA is to promote responsible gaming and employ the highest industry standards to ensure that all players are well protected when they play for real money online.
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