Do licenses really give us fair information that the online casinos we use are safe? Online casinos, like many other industries, must obtain a gaming license in order to be legal for players as well as for the authorities. Thus, in a few years, many licenses have appeared all over the world. These licenses are issued by the authorities that regulate online gaming. Having a license means that the casino where you play must comply with strict rules, especially regarding the security of your information and means of payment. Of course, this license does not provide 100% security, but casinos that have already received it are very afraid of losing it, so in the vast majority of cases they follow all its strict rules and requirements.
How do online casinos get a license?
Depending on the license that is indicated on the casino and depending also on the country issuing this license, the conditions for obtaining it can vary. To get a license, an online casino must meet a variety of criteria, for example, as Luccki casino New Zealand. However, depending on the license they want to place on their website, the conditions for obtaining it will be different. Indeed, some licenses are easier to obtain, and some on the contrary, it depends on the strictness of the requirements that must be met in order to obtain it.
What are licenses for?
Casino licenses are used to show that the site you are playing on complies with very specific rules regarding the security of your personal information or even means of payment. However, be careful: each license has its own rules, and therefore not all licenses insure the player equally. For example, some licenses will focus on player safety, while others will be more stringent on other points. It is up to you to decide whether the casino you are playing in has a license that you consider “good” or not. Now we will analyze the most popular of them to clearly understand the differences.
- Antigua
Antigua’s license is one of the most famous in the world. To get it, casinos must comply with strict rules: account control, anti-money laundering policy, age control of players, as well as providing assistance to players who are eligible. In 2008, for example, this license was recognized by the British government as fully legitimate. To get this famous license, casinos must spend $70,000, as well as pay a 3% tax.
- Kanawake
Kanawake’s license has been in effect since 1996.
To obtain this license, casinos must meet numerous requirements: fast payment of players, prohibition of underage players, ensuring the safety and confidentiality of players, combating money laundering,
implementing self-exclusion procedures and betting limits for players who need them, storing all transactions. This license is mainly present in the North American market.
- Curacao
The Curacao license is the most common license in the world of French—speaking online casinos. It is one of the most represented online casinos in Europe. The purchase of this license takes place in two stages. Firstly, a casino wishing to obtain this permission must apply to Curacao eGaming. After checking the first part, a major examination is carried out. A whole bunch of information is being researched, grouped and analyzed to approve or not an online casino.
Can an unreliable casino lose its license?
Sometimes unreliable online casino may lose its license. Each licensing authority puts at risk its reliability, so the authority is not interested in issuing a license to a casino that it does not consider legitimate. Their main purpose is protection of players, but unfortunately, it is pretty common when a casino no longer complies with the rules of the authority that issued the license and loses it. Nevertheless, casinos are also putting their reputation on the line. So if they get one of these licenses, it means that they realize that they have no right to make mistakes.
Thus, the fact that the license is displayed in the casino does not mean that it is actually safe. As a player, you will always need to check which license is displayed in the casino. For example, some certificates will be very strict regarding player safety, which will not be the case with another license.
