Home CASINO NEWS Various Licenses in Gambling That Everyone Should Know

Various Licenses in Gambling That Everyone Should Know

For us, the security of our tipsters plays the most important role. In the area of ​​gambling, in particular, things can get really unsafe when it comes to theft of bank details. With this guide, we would like to draw your attention to the licenses and explain what they say about the seriousness of the betting provider.

Security – The A&O

For us, the security of our tipsters plays the most important role. In the area of ​​gambling, in particular, things can get quite unsafe when it comes to theft of bank data. With this guide, we would like to draw your attention to the licenses and explain what they say about the seriousness of the betting provider.

You can be sure with our site that we do not advertise a bookmaker who is not serious. But some of you will certainly have come across one or the other bookmaker who asked yourself whether it is really serious. The best way, and probably the safest way to check whether a bookmaker is safe, is to check whether they have a license and, if so, where it came from. If the betting provider has a license, then he is legally on the market.

Malta Gaming Authority

The best-known license and perhaps the most reputable one is the Malta Gaming Authority.

It is a regulator from Malta that regulates gambling in the territory of Malta. This includes all bookmakers, casino operators, and online gambling providers. Incidentally, it also applies to all countries within the EU, as Malta has also been a member of the EU since 2004.

The MGA annually collects at least € 25,000 from the gaming providers based in Malta in order to be able to issue them a further license year after year. In addition, it is not only difficult for gambling providers to obtain an MGA for financial reasons, but also because the MGA has put an extensive checklist online with points that must all be met before a company can go online.

Another important point for MGA is player protection. This means that betting providers must be able to offer deposit, loss, and betting limits, as well as an option for self-exclusion. The issue of player protection is so important for Malta that a blocking system is now to be created so that a gambling addict cannot simply switch to the next provider after being excluded from one provider. All licensees should register all players in a uniform system so that blocked players are blocked from all providers.

Also Read: 5 Tips For Your Betting Strategy

Gibraltar License

Gibraltar is a British overseas territory and, unlike all the other British overseas territories, belongs to the EU. You have issued more than 30 licenses to gambling companies so far. But even here you don’t get a license afterward. There are strict guidelines, especially in the areas of player protection, advertising, data protection, and the technical review of the systems.

The betting provider must provide technical systems for depositing, withdrawing, and playing, which are checked by an independent third-party provider. In the field of advertising prevail strict guidelines, so a potential customer should not be forced upon the games. There are guidelines and even phrases that the provider is not allowed to use.

As with the Malta Gaming Authority, player protection is very important to the licensors from Gibraltar. For example, providers with a license from Gibraltar are required to have a link on their website to an aid organization dealing with gambling addiction and to recognize when a player is prone to gambling addiction. The staff must be trained to the extent that they recognize signs of gambling addiction and also help the player with limits.

License Curacao

Curacao is one of the Caribbean countries that belong to the Kingdom of the Netherlands. Every citizen of Curacao not only has Curacao citizenship but also Dutch citizenship and therefore also belongs to the EU.

The Curacao license is probably the weakest of the licenses as there are few regulations on player protection. For example, it is not mentioned that there must be settings in the area of ​​limits. In addition, it should also be the case that the Curacao regulatory authority does not offer you much help if you have a problem with a gaming provider.

Overall, the Curacao license is not the most secure, but it does have some providers in its range that are not that bad.

Schleswig-Holstein Online Gambling License

Germany and a gambling contract is a never-ending story. In 2012, the first gambling contract came into force, from which Schleswig-Holstein was already pulling out. Since then you have already been driving a special route that is now valid until 2021. Accordingly, 23 licenses were granted to online casinos and 20 licenses to sports betting providers. This led to controversy in the German governments, but in the end, Schleswig-Holstein was able to generate up to 10 million euros in additional income annually. It is now being negotiated that the 3rd gambling contract can come into force from 2021.

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