The main thing while choosing the right gambling platform is a license. You can see that the casino has it when you go to the bottom of the PlayAmo Casino Australia site. But why do such services need it and what countries offer licenses? Keep reading to know it.
Why Do Casinos Need a License?
Licensing certain activities is carried out by the state in order to define uniform rules of conduct for companies in the market and regulate their relations with clients. Usually licenses are issued for entrepreneurial activities associated with increased risks for consumers of goods or services. Most often, these risks are of financial nature. The organization of gambling also belongs to such risks. In this case, the official authorities act as a guarantor of the fact that the entrepreneur will strictly follow the laws in force. Otherwise he will be denied the right to operate in this area.
By obtaining a license, the online casino operator actually indicates the legitimacy of its work on the Internet. The list of countries, in which this permission is valid, is determined by the jurisdiction of the issuing authority and the peculiarities of national legislations on online gambling. Usually, one license allows you to operate in several markets. Otherwise, the operator would need to obtain a permit for each country separately.
The most popular jurisdiction with favorable conditions of permission for the casino owners and low tax rate. The permit is issued immediately for all types of gambling games (lotteries, sports betting, slot machines, etc.).
The advantages for operators and disadvantages for players include the accessibility of obtaining this license. Permit documents are issued quickly, the requirements to the sites are minimal. It is difficult for the players to get protection from the regulator. Moreover, some operators, hiding behind such permission, use non-original software.
Malta regulator’s permission indicates a serious approach of the operator to the organization of gambling. The commission has an impressive list of requirements for online casinos. It issues a license only after an independent audit of the site. Advantages of the jurisdiction:
- Impeccable reputation.
- Extends to EU countries.
- Clear monitoring of fraud and money laundering.
- Protection for the operator and players.
Disadvantages for the operator are high tax rate, difficulty in obtaining, mandatory opening of an office in the country and submission of monthly financial reports.
The UK has a strict legislation on gambling and imposes high requirements to the gambling sites. The presence of a license of this jurisdiction causes increased confidence in the players. With the approval document, the site will necessarily include the results of all gambling inspections. At the same time, every game will be covered by certificates, which guarantees that the interests of online casino customers are protected.