Rules of the industry demand that an online casino must prove its license before it accepts the first bet. As you might ask, what is the role of an online casino license? Licensing a casino qualifies it to legally offer lotto, bingo, sports betting, online slots, and other casino products while abiding by international laws. Licenses also promote transparency, decency, and honesty in gambling transactions.
There must be a valid licence for online casinos to operate legally. The lack of a verifiable permit can result in Asian banks denying you a chance to register an account. Equally, gambling software developers have the right to decline to supply an operator with their games should the operator fail to provide a provable license. Besides, a virtual casino license is crucial in entrenching loyalty among the affiliates, partners and counterparties. Tax and inspecting authorities must prove an online casino’s license before giving the site a seal of approval. To this end, licenses are an inalienable part of any legit online casino.
As much as licenses are requirements, many licensing authorities exist to match the up-ticking number of online casinos. This article highlights the most legit licensing authorities that you need to check when prospecting to register with an online casino in Southern Asia and beyond.
Alderney Gambling Control Commission
eGambling in Alderney is regulated by the Alderney Gambling Control Commission (AGCC), an independent, non-political body. It ensures all regulatory and supervisory approaches rhyme with the globally approved standards. Established in 2000, the Commission aims to ensure integrity in web-based and electronic gambling activities.
Further, the Commission’s objectives are;
- To ensure honesty and fairness in electronic gambling and compliance with good governance yardsticks.
- To ensure the management, operation and funding of eGambling are devoid of criminal influence.
- To ensure effective monitoring and regulation of eGambling activities to protect children and vulnerable groups’ interests.
If your Singapore’s favourite online casino has an AGCC license, it is an attestation that it is compliant with the conscientious permit requirements.
Online casinos with a gaming license from Gaming Curacao are popular in South Asia. In Singapore, highly rated casinos like Me88 have a license from this body; it is no wonder it is one of the safest and fairest in the region. The body has been offering an all-encompassing range of services to the online gambling industry since 1998, when it was launched.
Before Gaming Curacao issues an operator with a license, it subjects it to an exhaustive process. The process ensures that only scrupulous operators get the green light to offer web-based gambling services. As such, the integrity and financial standing of the licensee must entrench the globally acclaimed notion of Gaming Curacao as the most preferred gaming hub. Once Gaming Curacao issues a license, it closely monitors the holder’s compliance while regularly auditing its game systems.
These procedures demonstrate their dedication to responsible and safe gaming for Gaming Curacao. While checking on your best Gaming Curacao sites, look for the body’s seal. It acts as proof of the license’s validity.
Gibraltar Regulatory Authority
Singapore gamblers and bettors have access to the best Gilbratar-licensed online casinos. Spinit, LeoVegas, and Betsson are a few examples of casinos with a license from this region. As per the 2005 Gambling Act, the gambling Commissioner heads the authority, which is mandated to stamp out criminal activities on virtual gambling platforms.
As such, this Gibraltar Regulator Authority ensures that;
- The online casino operator has no criminal record or criminal connections.
- The prospective licensee is compliant with all propriety standards.
- The licensee observes all the Anti-Money Laundering (AML) practices, and the operator puts counter-terrorism and financial proliferation measures in place.
Besides, before licensing, online casino operators must commit to subjecting themselves to due diligence monitoring to establish the actual beneficial owners of the business. Also, they must present cogent business plans demonstrating compliance with the set governance policies and procedures.
Isle of Man Gambling Supervision Commission
The eGaming Regulator of Isle of Man is among the oldest in the world. The Commission has continually upheld high gambling standards since 1962. Along the way, the Commission aligns with changing gambling landscapes. For instance, with the advent of online gambling sites in the mid-1990s, the Commission entered virtual gambling licensing. It regulates worldwide gambling markets, including Singapore and other Southern Asia neighbours.
The Commission’s core principles include the following;
- Ensuring the gambling industry is crime-free.
- Protecting young ones and vulnerable individuals.
- Ensuring fairness and that players receive their genuine winnings.
Kahnawake Gaming Commission
When you search through the best Singapore casinos, the chances are high that you will come across a Kahnawake-licensed site. This Kahnawake Gaming Commission has headquarters in Quebec, the Mohawk Territory of Canada. It officially licenses interactive gaming and land-based gambling platforms. The Commission promotes safety, fairness, and honesty, preventing criminal activities from infiltrating the gaming sector.
Malta Gaming Authority
Perhaps, MGA is the most popular regulator in Singapore and the rest of the world. Many top online casinos have its license. For instance, Jackpot City, Skol Casino and CasiGo have an MGA clearance to offer online gambling games.
The Malta Gaming Authority prides itself on a holistic approach to gambling activity regulations. Its services aim;
- To safeguard the gamblers’ rights.
- To protect vulnerable groups and children.
- To promote responsible gaming in a safer environment.
- To ensure the integrity of the games and the gaming devices.
- Assuring a crime-free gaming environment is priority number five.
The UK Gambling Commission
For decades, the UK Gambling Commission has ensured safer gambling sites for UK gamblers. While the Commission serves the local market, it also serves the global clientele due to virtual gambling activities’ borderless nature. Many casino sites in Singapore, Malaysia, Vietnam, and Thailand bear UKGC’s seal and license. For example, if you visit casinos like 888, Kassu, or William Hill, you will get their UKGC license number on their sites.
The UKGC is one of the futuristic regulators demanding all sites to offer GAMSTOP tools before getting a license. GAMSTOP tools are self-exclusion programs in which gamblers can self-exclude themselves in the event of a gambling problem/addiction. UKGC is a reputable regulator globally with the following summarised objectives set out by the 2005 Gambling Act.
- To seal off gambling from criminal activities while preventing it from being a source of disorder(s).
- Ensuring that gambling takes place on transparent and fair platforms.
- Protecting children and vulnerable individuals from gambling harms and exploitative practices by gambling providers.