Endorsing an online casino can be a daunting task with the infinite choices before you, and it should not be relegated as a child’s play. This year has unlocked a window of opportunities for you, so equip yourself with extensive research prior to making that perfect choice. Hence how do you get to that prudent resolution? The panacea for this predicament is to relish the gambling experience at a website licensed by an esteemed jurisdiction.
Despite the internet snowballing into a phenomenal experience for the global audience, the existence of single legislation that governs online gambling is a myth and is far from reality. Instead, it is an amalgamation of laws and regulations specific to each country.
Obtaining a license from the Malta Gaming Authority positions you in the ‘white list’ by the United Kingdom Gambling Commission. This enables them to trade their services to UK citizens solely. The nominal licensing fees and reasonable tax rates in the country are added incentives. The administration bestowed with the duty of regulating online gambling in the region is the Lotteries and Gaming Authority (LGA). A collection of more than 500 gambling sites is presently licensed by them, including Leo Vegas and Betfair Casino, to name a few. The LGA in 2005 established the Malta Remote Gaming Council (MRGC). This was instituted with the visionary outlook in providing a platform for licensed operators to analyse industry developments with authorities.
The inception of issuing a license to online gaming sites started in 1988, with Gibraltar being unrivalled in terms of gambling jurisdictions. The licensing and regulatory authority is termed Gibraltar Regulatory Authority (GRA), with top-notch gaming sites like Ladbrokes acquiring a license from GRA. To obtain a license from the GRA is quite a mammoth task considering their stringent regulations with a pristine track record, an impressive stature in the industry would, healthy funds, and a pragmatic business idea would earn you that license – a well-deserved one after you satiate that catalogue of intricate details.
The institution of Kahnawake Gaming Commission (KGC) dates back to 1996, therefore was one among the first recognized online gaming authority in the world. Their chief service is to furnish online gambling licenses to firms that provide online gambling facilities. The commission was also associated with providing a license to individual land-based poker rooms. The commission is comprised of a three-member team with each member having a two-year term. The members are elected by the Mohawk Council, the sole body that regulates this region. The KGC merged with the Financial Services Regulatory Commission of Antigua and Barbuda in 2005. While 2006 witnessed the merger between KGC and the Lotteries and Gaming Authority of Malta.