Why are gambling licenses so important?
When choosing, the online casino is the license the most important thing. It ensures that the casino is regulated by laws and regulations that allow you as a casino player to feel safe with regard to privacy, security and fair play. In USA there is a game monopoly with American gambling, but it is still legal to play at online casinos.
Here at Norgekasino We compare several of the most interesting online casinos available to Americans. With us we do Reviews of only licensed and approved casinos.
What are gambling commissions and how do they work?
In the casino industry, there are several different gambling commissions that check and regulate markets in different countries. They make sure everything goes right at the online casinos on the market. Among other things, they set guidelines for the treatment of privacy, that security should be at the top when playing, and not least that the games must be fair. Casinos with an approved license are also required to have tools for responsible game available.
There are different gambling commissions that apply to different markets. The most common are Malta Gaming Authority (s) and Karkaugaming.. For the UK applies UK Gambling Commissionbut they also have Alderney Gambling Control Commission. In Canada it is The Kahnawake Gaming Commission applicable. Sweden has its own license through Gaming Inspectorate.
Gambling licenses in USA
In USA, there is a gaming monopoly through the state company Norsk Tipping. Foreign online casinos are therefore licensed from their own commissions that monitor the compliance with legislation. For Americans there are licenses through Malta Gaming Authority (s) and Karkaugaming applicable.
How to get a gambling license?
If an online casino is to run its casino under an approved license, there are several things that need to be in place. Here everything from the technical to the legal vote should be in line with what is set up in the application. Very strict requirements are set for the handling of privacy, security around transactions and that the games offered should be fair. The games must also be approved and tested by a third party agency. A license from Curacao Egaming is almost the same but they also allow the use of Bitcoin and other cryptocurrency as a payment method.
What are the criteria for casinos to receive a license?
In order for an online casino to receive an approved license, there are several criteria that must be met throughout the application process. Below are some examples of criteria that must be in place in order to run the casino business. Below are examples of how the application process works with Mga In Malta. There may be slightly different criteria in other regulators.
1. Fit and operation
The first criterion in an application for a license will be that the regulator considers all information related to persons involved in financing and management and about the operation of the business. They are also in with other national and international regulatory bodies and agencies.
2. Business planning
The regulator carries out a thorough financial analysis of the applicant's business plan. The applicant's business plan is expected to have a detailed financial forecast for the operation, including cash flow, result and loss, balance, marketing and distribution strategies, HR plan, growth targets.
3. Operational and statutory requirements
The applicant is examined on the instruments required to run the business. This process includes examining documents, games, business processes related to the implementation of games, rules, terms, conditions, guidelines, procedures and technical documentation for the gaming and control system.
Requirements are also set for share capital and a larger amount must be paid based on the type of license that applies.
The above components constitute a revision of the applicant requirements. Low -quality applications lapses, and the respective applicant must apply again.
4. System review
When all the three previous steps are completed, the MGA will inform the applicant that the application was successful and will invite the applicant to implement the operation purely technically, in preparation to go live. The applicant gets 60 days to complete this technical roll -out, otherwise the application will be considered canceled and subject to application again. At any time during the 60 days, the applicant can appoint a service provider approved by the MGA to perform a system audit. The system audit will verify the live environment against the proposed application.
At this stage, MGA expects minimal deviation from the application. If there are significant changes in the gaming system, the applicant must re -apply by submitting a new application.
After successful completion of the certification process, the authority issues a ten -year license.
5. Compliance assessment
MGA requires that a licensee after going live must undergo a number of compliance audits of operations performed by an approved service provider appointed by the licensee. Such audits must be completed by the service provider within 90 days from MGA's notice.
MGA will require the audit to follow the following schedule:
- After the first year of operation after being licensed by MGA; and
- Any other audit depending on the compliance plan determined by MGA.
Failure to comply can lead to the suspension or cessation of a license.
MGA also uses approved system and consistency auditors as ecograpp and iTech Labs, which ensures that everything is reviewed and correct.
Can a casino operate without a license?
There are a large number of online casinos on the market nowadays, and it also provides opportunities for rogue players to get on the track. It will therefore be possible to find online casinos on the market operating without an approved license. Here you have to be vigilant. dobisinternational.com strongly advises you to play at such casinos. Although there are still no legal obstacles for you to play at any online casino in the world, it is recommended to play at a casino with a valid license.
Why? Although many foreign online casinos can lure you with larger Welcome Bonuses With extra free spins or others Offer, they do not offer the same security as licensed casinos. All of the gambling takes place at its own risk, usually without access to either American -speaking customer service or necessary tools for responsible games that stop you when gambling has gone out of control. Here at Dobisinternational we only have Reviews of licensed online casinos that ensure that security is met.
What are blacklisted casinos?
Among all online casinos operating, there are also some who do not run seriously and legally. This is blacklisted casinos As you have to stay away at all costs. First of all, it is important to only stick to approved licensed casinos, so you don't have to get into problems with blacklisted casinos that are often characterized by good bonus, but with unfavorable and unfair rules and conditions. Dobisinternational aims to steer you away from these casinos, so we only compare licensed casinos.