Licensing of online gambling began in 1994. Antigua and Barbuda was the first country in the world to issue an international license. Following them, the baton to legalize international licensing was taken up by a number of small offshore states with poor economies and nature. These include the Isle of Man and Curaçao, MGA, Gibraltar, Costa Rica, Alderney, the United Kingdom and others.
With an online gambling license, the operator has increased customer confidence and the opportunity to partner with the best iGaming representatives in banking, electronic and gaming solutions and break into a multitude of target markets.
The role of a gambling commission
International gambling commission is the regulatory body that oversees all the gambling activities in a country. It is responsible for regulating and monitoring the gaming business. It also makes sure that it complies with all the local laws and regulations.
This international body has its own set of responsibilities. These include:
– Regulating local gambling activities
– Ensuring that they comply with all the local laws and regulations
– Making sure that they are not breaching any of the international rules and regulations
– Monitoring their operations for any illegal activity or wrongdoings
The trend in online gambling
International experts estimate that until a few years ago, betting took the lead in gaming, while online casinos accounted for almost half as much player interest. Over the years, the numbers have changed slightly towards an increase in the spread of online gambling. This is due to the fact that more and more operators realized the need to legalize their business. This has resulted in their gambling sites having original games from the providers, which guarantees fair results for the players, and the players themselves have been able to protect their interests legally.
Due to the current unfavorable epidemiological situation around the world, land-based gambling establishments have suffered significant losses, while online casinos, on the other hand, have begun to flourish. In this regard, experts predict another surge in the development of remote gambling establishments over the next few years.
What constitutes an international gaming license
An international gambling license is an official document. It entitles an operator to provide certain gambling services in certain countries. However, many regulators take their licensees seriously and therefore they have to undergo a rigorous audit process. Only after the company proves to the state licensing authorities its honesty and serious approach to work, it will be granted a license with a term of validity set by the jurisdictions. This may be for a period of 1 year or 5 years.
Under an international gambling license, an operator can provide its services in many countries around the world, with few exceptions. Restrictions are imposed on those countries where online gambling is prohibited by law or where a domestic license is required to provide this type of service.
One of today’s most popular licenses is that of Antillephone N.V. This licensor is in particular demand, not only for new operators, but also for those who have already established themselves as a reliable gambling provider. Every online casino is required to publish the appropriate digital seal on the pages of the gambling website once it has obtained a license. This is so that every visitor can verify the legality of the online casino.
Leave a Comment