Online gambling has lately become people’s favorite entertainment. Accessible from any part of the world via a computer or any other electronic device, this type of entertainment has taken power over millions of gamblers. Online casinos are literally spreading like mushrooms in the virtual world. But are they all fair and square to all their customers?
www.Onlinecasinoportal.net considers necessary revealing the importance of online casinos’ licensing for the safety and security of gamblers. In order to be listed as reliable and honorable, online casinos must obtain a license to operate within a certain jurisdiction and abide by certain laws. Unable to do so in Europe or the USA, they usually turn to offshore-licensing, which is very common. As soon as they get the license for the online business, they are allowed to conduct a great number of gambling activities such as: casino games, lotteries and sport bets. Getting a license for an online casino is much cheaper than getting a license for a brick-and-mortar casino. Besides, the taxes are lower and online business comes along with some other advantages like less spending on customer support and equipment.
Most online casinos get their licenses in one of the following jurisdictions: Alderney, Anjouan, Antigua, Bahamas, Belize, Canada (Mohawk territory), Dominica, Gibraltar, Grenada, Isle of Man, Jersey, Liberia Norfolk Island, Costa Rica, Panama,Vanuatu, Seychelles, Malta and Curacao.
Owing a license means being required to operate under fair and transparent regulation established by the Regulatory Authority’s Code of Practice, which refers to the use of an impartial and independently tested RNG software, publishing online monthly certificates on approved testing facilities, and displaying a correct attitude towards customers.
All the online casinos listed by www.Onlinecasinoportal.net are licensed and entirely reliable.
In order to get the online gambling license, the operators are expected to fulfill several conditions, such as:
- Truthful and accurate advertising and marketing strategies, implying respect for users.
- Payout of prizes and jackpots, in accordance with the existing terms and conditions.
- Customer privacy and data protection, minimum personal information required and properly safeguarded from third parties.
- Account history accessible to players anytime they wish to consult it (results, financial transactions)
- Audited financial records permanently available to the Licensing Authority.
All the above conditions fulfilled, online casinos become appealing and irresistible to gamblers because they become more confident about their winning possibilities. Licensed online casinos provide the real opportunity of playing a great variety of games in a safe environment. www.Onlinecasinoportal.net recommends verifying the existence of the license on the casino’s website before engaging into any online gambling activities.
The licensing procedure, being so harsh, gradually imposed very serious online gaming standards, as a guarantee of quality, desired both by operators and their customers. The licensing bodies are currently able to prevent illegal online gambling. Having met the required quality standards and being constantly monitored for security, online casinos, now legitimate and credible, become highly attractive to users.
Licensing really did revolutionize the whole online gaming industry. It is the best way to distinguish the serious online casino operators from the fraudsters.
