What do you need a license for in online casino? What does it do for the casino owner? What does it do for the player who sees a quality casino license? Find the answers in our article.
When planning to play at an online casino, a person comes across such a notion as – a license. So, let’s start with an easy one. First, let’s understand what licensing and a license are.
Licensing – a form of government regulation of business, which is a special procedure for the official recognition of the right of an individual entrepreneur or legal entity to engage in a particular activity in compliance with regulations and standards.
A license is an official document that certifies the right to conduct the activity specified in it for a specified period of time and the conditions for its implementation. That is, in fact, the license is a permit to conduct certain types of activities including online gambling entertainment at qualitycasinos.
A license is like your image and status. You either have it or you don’t have it. You can exist without these two components, but not everywhere you will be accepted or appreciated. In our case, the image and status can be bought for money in the form of a license. The license proves that you are running a legal online casino with quality games like software provider Play’ n go, and it states that your casino is controlled by the state. This is a sign of quality and reliability!
How do you check if a casino has a license?
First of all, you can see it on the quality casino’s website at the bottom of the home page. In general, there is a whole system to check the authenticity of the license, but that topic can take one more article.
Why does the owner need a license?
In addition to status and reliability, with a license you will be able to open a bank account. Without it, it will be very difficult, almost unrealistic. And if you don’t have a bank account, you won’t be able to make money on your casino. Also, many countries will block access to your site.
What does the license give to a player who has seen an online casino?
Basically, a license doesn’t affect players in any way, except that once you see a license, you’ll play with peace of mind and the thought that you won’t be cheated.