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Casino Licence – Why All Players Should Understand Its Importance

Here at Jackpotfinder.com we always insist that our players check the casino's licence before beginning their gambling journey. You might wonder why we are so insistent on this. It's because there are a number of online casinos whose sole purpose is to rip off unsuspecting gamblers. These entities are not interested in their customers having a good time. Only in fleecing them for as much as possible. A proper licence puts a complete stop to this behavior. It's there to protect the players.

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Why Do Online Casinos Need A Licence?

You can find information on the website licence in the fine print if you go to the bottom of any casino website on the home page. There is typically at least one licence from a government body for all reputable casino websites. Unfortunately, the typical gambler pays little, if any, attention to what these licences do and the powers they give the holder. But they ought to! The casino licence is the gamblers’ only form of insurance when it comes to taking care of all the financial aspects of playing at online jackpot sites. Read on to learn more.

Conforming With Legal Requirements With A Casino Licence

Even though an online casino is theoretically “on the internet,” it nevertheless requires a physical location for its corporate headquarters. These physical entities need to be sitting somewhere, and all those lotteries, live dealers, table, and jackpot games need to broadcast from servers based in certain countries. Gambling businesses must pay taxes because it’s a financial activity just like any other. And some kind of political and legal control is required for this to occur.

So operating a casino (or any business) without the required authorization would be against the law. The casino would be subject to a number of sanctions, including the potential for closure and legal action. In other words, the casino needs a licence in order to actually run legally.

Limit Players From Certain Locations

You undoubtedly already know that different governments all over the world have various attitudes when it comes to gambling. You’ll find the rules and laws that may be applied to an online casino can be significantly different between countries. In some more extreme nations, playing at internet casinos is completely prohibited. Other countries demand that the casino operator obtain a licence from their own gaming regulatory body before being allowed to conduct business there. While some permits are particularly country-specific, others cover a wide range of locations and countries. Therefore, if you’re considering starting to play at an online casino, you should keep an eye out for the licences. This will ensure you’re provided with the best value for your money.

A Casino Licence To Attractive More Players

Remember that not all licences are created equal. Overall, an expensive licence will be more effective at safeguarding consumers. The best licences are those whose granting authorities show a keen interest in every facet of the casino operation making the application. These organisations care about the security of the casino’s finances, its patrons, and their safety. The ideal websites to place bets at for consumers or gamblers are those with these kinds of licences. A site like Bovada Casino is a good example. You can be sure that your winnings will be paid out and that both you and your money are secure.

You can find all the casino games at the Bovada Casino

Proving Itself A Responsible Online Casino

On the opposite end of the spectrum, a lot of casinos hold an online casino licence from, for instance, an organisation that promotes more irresponsible gaming. Their exclusive focus is on revenue and charging gamblers as much as possible. As long as the money keeps flowing in, they have zero concern about the rights of the players. There’s always the possibility the casino will fail to compensate you if you should win the jackpot online. And there’s no way to check if the games are fair with an independent auditor like the well-respected eCOGRA. In other words, they provide no consumer protection, simply because they don’t give a damn about their customers.

The UK Gambling Commission

When you visit a new casino website as a gambler, scroll down the home page and look at its licence. Find out where and who was the issuer. The UK Gambling Commission would issue the best licence, as it enjoys the strictest government regulation. When it comes to licencing, this is the big daddy of them all. If your casino possesses this licence, you can play without worry. Particularly with regard to disclosing your personal or banking information to a third party. Or failing to get your prizes on time.

Malta Gaming Authority and Others

Malta is the next in line. Another stern online casino licence provider is the Malta Gaming Authority. Because they are in Europe, they are subject to its rules and laws. We have a number of exotic islands and Central American nations at the bottom of the list when it comes to issuing licences. We suggest you examine websites with these licences from all around the world extremely closely. In other words, if you’re going to gamble on a website with a restricted licence, be careful. Remember that if they have any sort of financial difficulties, they might not let you know that the money you deposited with them is now completely gone. The same thing applies to winnings payouts if you were to win the jackpot online. They can make things take longer. Or not even payout at all.

Casino Licence For Company And Business Regulation

Another issue is that there’s no frequent examination of the games for fairness. This could imply that the casino has a significant advantage over you. But no one would be there to let you know. Customer support and other departments may be located in one place, while a regulated server may always be in another. Here at Jackpotfinder.com we tend to favour websites with all of the components in one place. Having every aspect of a business in one location has enormous time and financial advantages. For instance, you can solve all server issues on-site, and all departments will be able to function more efficiently.

What You Should Look For In A Casino Licence

We also like the idea that an online casino business like Bovada Casino will completely commit to its chosen field as shown by its willingness to invest a sizeable sum of money in securing a respectable online casino licence. In other words, if it was done as a long-term business strategy. Rather than just to satisfy licencing criteria. In the end, it seems like a much better idea to spend your money with an online casino that is willing to pay taxes in a nation with higher taxes. While at the same time offering up the strongest licencing for consumer protection.