The licences of online casinos
The issue of security and confidence nags all players who register on an online casino. Of course, quality software and payment methods are factors to take into account to ensure the reliability of a gambling site, but the main criterion is the license.
The emergence of licensing
The online gambling industry has existed for two decades. Yet no international regulation supports this activity. This does not mean that the world of online casino is illegal; in reality, only certain territories issue licenses. The first to have done are the islands of Antigua and Barbuda in 1994. Then, the Kahnawake Mohawk Reserve in Quebec in 1999, and the British territories of the Isle of Man and Gibraltar in 2000.
The territories issuing licenses allow millions of players around the world, to be entertained on online casinos but also sport bets sites, virtual poker rooms, bingo rooms ... All these sites are thus available in multiple languages and accept many different currencies.
The importance of licences
The first thing to do before you register on an online gambling site is to ensure that it has a license. The latter is, according to the online dictionary wiktionaire, a "special permission granted by the government to export or sell some goods." Would you go to a doctor who does not have a diploma? The same thing with an online casino license, it guarantees you that the site follows a regulation and it has standards ... and the stamp of approval ensures justice, reliability, security, credibility and confidence. If it has no license, it means it can do what it wants.
List of licences
|Antigua et Barbuda||As of June 2003, Antigua and Barbuda filed a lawsuit against the United States at the World Trade Organization (WTO). According to the islands, the latter do not respect an international agreement called the General Agreement on Trade in Services (GATS).|
|Antilles hollandaises||Since 2002, the island of Curacao, or the Netherlands Antilles, has adopted regulations for online gambling.|
|Belize||To attract new investors, Belize introduced legislation that authorizes the online gaming industry. Drawing on texts from other countries, the Gaming Control Act allows the regulation and administration of online casinos.|
|Chypre||The island of Cyprus, in the Mediterranean Sea, offers licenses for online gambling. They relate to lotteries, peer exchanges, casino games and sports bets.|
|Gibraltar||Gibraltar is part of the European Union. However, it proposes laws that are not applicable.|
|Kahnawake||The aboriginal territory of Kahnawake, south of Montreal, is has the largest online casinos in the world. The servers of Mohawk Internet Technologies host more than one fifth of the most popular 500 gambling sites on the web.|
|Malte||The island of Malta in the centre of the Mediterranean is poised to become the European centre of the online gambling industry. Currently, 84 companies are licensed in this state and 112 are hoping soon to say that.|
|Costa Rica||The operators of online gambling can operate from Costa Rica if they meet three conditions. The first is to have a subsidiary in the country; the second to be registered with tax authorities and the third to have a commercial license issued by local authorities.|