To recognise a reliable online casino from a fraudulent online casino, the first thing to do is to check if it has a licence. This is a certificate from government authorities proving that you have the permission to do a certain thing, for example to operate a business or a certain profession. It guarantees that the gambling site you are about to play on follows certain regulations and takes them seriously and fairness, reliability, security, credibility and loyalty are assured. The possession of a licence is the minimum requirement you should inquire about in the online casino where you are going to wager your money.
Although online gambling has been around for over 15 years, there is still no international regulation. The licences are delivered by specific territories. In 1994, Antigua and Barbuda were the first to offer one. 5 years later, the Indian reserve of Kahnawake in Quebec created one as well. In 2000, the British territories of Man Island in Gibraltar created their own. Today, we also have Malta, Belize, Netherland West Indies, Antigua or Cyprus.
Thanks to the licences of these countries, players worldwide can safely enjoy themselves playing online casino games such as bingo, online poker or sports betting. The sites that have the stamp of approval are available all around the world. They are translated into several languages and accept a wide range of currencies.
A site wishing to provide gambling from the Kahnawake Mohawk Reserve in Quebec, require a license from the Kahnawake Gaming Commission. This organization, founded in 1996, handles the licensing and online gambling in agreement with the Kahnawake Gaming Law.
To obtain a license from Gibraltar, an online casino must apply to the Licensing Authority. The firm’s experience in the internet gambling market, good financial history and a realistic plan are the main factors considered for obtaining a license.
To obtain a license from Belize, an online casino must apply to the Gaming Control Board. It is valid for 12 months and costs $ 10 000. However, it can be renewed. For this, it must apply 60 days before the licence expires. If the expired licence is accepted, a fee of $ 10 000 is levied.
Companies wishing to receive a license for online gambling of Antigua and Barbuda must apply to the Regulatory Commission of Financial Services Division of games.
To obtain a license from Malta, a gambling site must apply to the Lotteries and Gaming Authority. Since 2004, there are 4 classes of licenses.
An online casino can receive a license from the Netherland Antilles. To this, it must first be registered with the Chamber of Commerce of Curacao.
A company can obtain a Cyprian gambling licence. It allows lotteries, betting exchanges, casino games and sports bets.
Costa Rica has more than 200 money-based companies on the internet. Furthermore, the country did not dispose of specific legislation conceived to control the gambling industry online.