Licenses and Why Online Casinos Need It

A license is an official document that allows you to enter your PlayAmo login and password and feel safe while gambling. Special regulatory bodies develop a list of requirements that online casino owners must meet. The main criteria of inspections: transparent accounting and auditing, stable operation of slots, the presence of regulations.

The lack of a license in five cases will be an obstacle to the casino launch:

  • You can’t get permission to open a bank account and a merchant account.
  • It is impossible to conclude cooperation with electronic payment systems.
  • The makers of software will not give slots for rent.
  • Casino advertising will not come out trustworthy and credible.
  • It is impossible to create a good reputation among gamblers.

Besides, it is recommended to review the legislation of countries in relation to gambling. A number of states prohibit gambling entertainment.

The top popular and proven countries that allow gambling business include:

  • Alderney.
  • Belgium.
  • Curaçao.
  • Denmark.
  • Gibraltar.
  • UK.
  • Malta.
  • Canada.

Difference Between Licenses

In Alderney, the Casino Regulatory Commission was founded in 2000. It represents two types of license: B2B and B2C. The first is aimed at interaction with users, money management, registration and verification of personal documents. The second allows control of sites remotely without being tied to the location of the permit. The application processing time is about 60 days.

After the legislative changes in 2011, it became difficult to obtain a Belgian license. Players who visit sites from the country’s blacklist are punishable by a fine of up to 25,000 euros. It is also forbidden to use the services of foreign sites. An additional requirement is the presence of a land-based casino or partnership with a person working in Belgium.

Curaçao issues a license in two formats: a basic license and a sub-license. The first is for companies that are engaged in gambling activities. They have the right to issue a permit to a third party without the possibility of transfer at a later date. In terms of time, the review takes up to six weeks. The issued document is valid for five years, after which it is automatically renewed if there are no violations.

In Denmark, the application is submitted through the website of the Gambling Commission. It is possible to get a license for lottery, online casino, betting or combined activities. The period of validity reaches five years.

Gibraltar is famous for its strict requirements for applicants for a license. The company must provide a business plan and documentation confirming financial stability. In addition, it will be required to fulfill the obligation to collect and store information about the players, as well as their appeals. It is valid for one year and is not subject to a fee, only an annual fee.

The United Kingdom issues three types of licenses. To obtain one, you need to fill out an application online and enclose a package of documents. The review will take up to sixteen weeks. Kanavec requires the installation of authorized virtual sites on the reservation. Malta offers six types of certificates with individual fees.

The owners of the casinos post information about obtaining the appropriate documents on the website. Besides, it is allowed to make a request through the technical support service.