Gambling regulation differs from country to country, but almost everywhere, the license is the first question that operators ask when deciding to open an online casino. Someone is trying to avoid the process of obtaining a license and the costs associated with it, but the benefits far outweigh the costs. Obtaining an online gambling license is a necessary step when launching an online casino or sportsbook. Some operators are intimidated by this complex process, but in the long run, it is worth the investment and time. Read the Play Fortuna Review Casino to see how good casinos with gambling licenses are doing.
Player Attraction and Retention Is the Foundation
The license is the first thing that players will look at before they sign up. Users who have been playing for a while no longer consider bonuses and free spins a must. They are more likely to pay attention to the reviews of other players, deciding in favour of one or another casino. Well, the license is the first thing you can do to make these reviews with a plus sign.
Licensed operators often advertise their platforms strictly taking into account the regulation of the jurisdiction where they operate. And of course, the most valuable resource of a casino is its reputation. It is hardly possible for a non-licensed casino to win a flawless reputation and lots of customers from around the globe.
Popular and Reliable Online Gambling Licenses
While regulators in many states ask operators to have a local license, many jurisdictions around the world issue licenses that are internationally recognized. Operators often start with obtaining a doc from one of the following jurisdictions:
- Curacao — a Caribbean island that is one of the oldest iGaming regulators that started in 1996. The island’s modern infrastructure and affordable taxes make it a popular destination for various international industries. Curacao gambling license has become very popular among operators, and especially those who are starting. The Curacao system offers two types of licenses: main and sub-license. New operators are trying to obtain a sub-license from the main licensee (four main licensees were identified in 1996). The main license is valid for five years, and the sub-licenses are valid as long as the main one exists;
- MGA — the Mediterranean island of Malta is known as the birthplace of the iGaming industry. The Malta Gambling Authority document is one of the most prestigious in the world and is recognized throughout Europe. Compared to Curacao, the license from the MGA is more expensive, so it is more often chosen by those operators who are trying to break into the prestigious European market. Unlike Curacao, Malta offers four types of licenses, each of which allows the holder to organize different types of activities. Licenses are valid for ten years;
- The Kahnawake Gambling Commission — the KGC has been issuing licenses since 1999. Operators are applying for a Service Permit that allows them to organize all types of casinos and sports betting other than live dealer games. The KGC offers a dedicated live dealer studio license for the latter. In addition, operators need to obtain key person approval for at least one of the representatives;
- Gibraltar — it is an overseas British territory that issues licenses respected throughout the world. The dedicated body issues six types of licenses, and operators must obtain a separate license for each product they plan to offer.
Conclusion
Almost all types of gambling businesses are subject to licensing. Among the most popular of them are bookmakers, sports betting, casinos, poker rooms, slot machines, roulette, bingo, lotteries, blackjack, etc. Depending on the jurisdiction of obtaining a license and the type of business, one or more licenses will be required. It is good if any of the above licenses are picked.
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