When the online gambling niche started out, it was surrounded by a lot of mistrust and notion that it was rogue due to its virtual nature.
Over time, licensing institutions have come up to regulate the market and make it a trustworthy platform to access gambling services. The existence of these firms shows that gaming platforms like online casino Vulkan Vegas have a party to answer to regarding the services they provide and issues that come up between them and clients. Therefore, the holding of a permit by a casino has risen to become among the most used factors to determine their reputability. Different license providers operate in varying jurisdictions with some doing a better job at ensuring the safety and security when handing out gambling licenses.
Some of those that have created a solid name for themselves include:
The UK Gambling Commission
This licensing institution, which is also known as simply the Gambling Commission or UKGC, is responsible for the gaming activities in the United Kingdom. The Gambling Commission holds the title of the most reputable casino licensing body across the globe, and the weight of its license is considered in international jurisdictions due to the stringent manner it applies safety and security. This body has been running since 2007 and covers different areas of the casino industry, such as slot machines, lotteries, bingo, betting, remote gambling, and many others. The firm is well-known for being non-accommodating to illegal and underage gambling operations, and it works hand in hand with the country’s police force to ensure that the practices are mitigated in Great Britain.
Malta Gaming Authority
The Malta Gaming Authority is responsible for the Maltese gambling industry on both online and land-based platforms. The licensing firm was established back in 2001 and has helped the casino business in Malta to grow in enormous proportions. Thanks to the MGA’s efforts, the casino business accounts for 12% of the GDP in the country.
The ability for the MGA to adapt to the changing structure of the gambling industry is among the many elements that have helped it maintain a tight leash on how gaming is carried out in the area. The company is continuously changing its structure in the corporate and legislative fronts to deal with new issues that arise now and then, especially with the quick advancement of online gambling. The firm states some of its aims as the protection of underage persons, upholding gamblers’ rights, and ensuring gambling does not facilitate criminal activities.
Gibraltar Gambling Commissioner
Gibraltar is one of the largest gambling regions in the Iberian Peninsula, and the industry provides the largest employment in the area. The Gibraltar Gambling Commissioner is the licensing institution in charge of overseeing both online and offline casino activity in the country. The GGC has been in operation since 2005 and runs in the funding of its members. It works with strong partners such as Ladbrokes, Betfair, and William Hill casinos. This licensing institution not only caters to the needs of players in its operating jurisdiction, but it also represents its licensees on legal and regulatory matters. This purpose is served especially to those holding remote gambling licenses such as from the UKGC. The firm is currently handling complaints brought forth by its license holders due to recent changes in the UKGC levy regulations, which it is handling with prowess.
Alderney Gambling Control Commission
The Alderney Gaming Control Commission is commonly known online by its acronym AGCC. This licensing body has been up and running since 2000 as a body independent of the government working to ensure the best standards are upheld in Alderney’s gambling industry. The gambling permit provider is well-known for applying the best international standards by continuously regulating its licensees to ensure the protection of players. The company offers licenses to online casinos and game providers as well as those that are based offline. Its reputability in operations helps open up telecommunication networks for gambling firms in Alderney and its neighbouring state of Guernsey to bigger markets like the United States, Asia, and the rest of Europe.
When looking to acquire any of these gambling licenses, casino operators and software providers are required to pay a fee that varies from one firm to the other. Usually, the rates start as low as 8000 pounds.