Like any other industry, online gambling needs regulation, provided via several international organizations and legislation. In this article, www.Onlinecasinoportal.net will offer you an insight into what online casino regulation really means and how it works.
Like in any other business, online casinos aim at making money in an honorable way by building a good reputation in the long term. It is obviously true for trustworthy and reliable operators, such as listed by our portal.
Licensing within a legal jurisdiction remains mandatory and gamblers should be able to find this information publicly displayed on the casino’s website. So, basically every casino operates within a certain jurisdiction, most commonly based in Gibraltar, Costa Rica, Antigua and Barbuda, Curacao, Malta, the Isle Of Man and a small Indian reservation in Canada called Kahnawake. Playing at online casinos regulated by one of these countries is absolutely safe. Among other legal jurisdictions www.Onlinecasinoportal.net quotes Alderney, Australia, First Cagayan Philippines, Gibraltar and Vanuatu.
One of the most famous online gambling regulatory bodies is the UK Gambling Commission, established in 2005. It provides regulation for online casinos, under the umbrella of “remote gambling”. There is also the Gibraltar Regulatory Authority, specialized in regulating online gambling operations located in Gibraltar. The Isle Of Man Gambling Supervision Commission is probably the oldest authority in the field, regulating gambling operations located on the island ever since 1962. The Antigua and Barbuda Directorate of Offshore Gaming has quite a number of licensees under its jurisdiction, among which the famous Bodog, Intertops and the English Harbour group. As to the Curacao eGaming Licensing Authority, it was created by the Government of the Netherlands Antilles to ensure regulation for the gambling business operating in the Caribbean Sea.
Regulating, taxing and licensing online casinos are not simple matters and www.Onlinecasinoportal.net observed an increased governmental open-mindedness towards improving existing policies and regulations over the past few years. For example, the European Commission showed interest in creating new laws regarding online gambling as an alternative source of income for national budgets. In the chaotic world of Internet gaming, regulations proved to be beneficial and especially favoring reputable and reliable online casinos. As European governments realized it was impossible to stop the development of the online gambling industry, they are currently seeking ways to ensure fair taxation and legal licensing over operators.
Among the pioneer countries adhering to this desideratum we should perhaps mention the United Kingdom, whose authorities understood the benefits of successfully regulated online casinos. The UK is nowadays one of the few European states to provide smooth licensing and regulation for this industry. They have thus created a safe environment for players from all over the world and continue to rely on reasonable rules to ensure a successful business.
www.Onlinecasinoportal.net admits online gambling regulation remains an important subject that requires careful consideration, especially since prohibition proved to be inefficient for so many years. Regulation demonstrably does work where spoken law doesn’t. It points to casinos’ professionalism and respect towards their customers.
