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Online Casino Licensing - What You Need to Know
Author: Skyla Burrell
Over 200+ countries around the globe offer (or may offer) some type of online gambling regulation or licensing. In this article we are going to have a closer look at the major players in the online casino industry including jurisdictions, regulations and licensing markets.
ALDERNEY GAMBLING CONTROL COMMISSION (AGCC)
The AGCC issues licenses to operate online casinos based in Alderney or Guernsey. The licenses that are awarded by the Alderney Gambling Control Commission allow operators to offer online gambling in any country where online gambling is allowed by law. The license covers casino operators as well as software providers.
Curacao is the least expensive of the larger licensing outfits which include the MGA and the UKGC. The Curacao eGaming license is also the easiest to obtain, thus you will see many start-up casinos utilizing the benefits of this license. There is no internal structure allowing Curacao to supply gaming licenses, when a casino is licensed in Curacao it simply means they have obtained a business license.
KAHNAWAKE GAMING COMMISSION (KGC)
Established in 1996, the KGC regulates and licenses numerous of online casinos, sportsbooks and poker sites along with many land-based casino and poker rooms located within the Mohawk Territory of Kahnawake, Quebec, Canada.
MALTA GAMBLING AUTHORITY (MGA)
Founded in 2001, the MGA is non-profit group tasked with the responsibility of issuing online gambling and land-based casino licenses to operators that meet their extremely strict standards. The
Malta Gambling Authority
was one of the very first gambling regulators to incorporate legislation regulating the marketing activity of online gambling operators aimed at developing a safe environment for players. The license generally covers players from European countries.
SWEDISH GAMBLING AUTHORITY (SGA)
The SGA is governing body responsible for making certain that the
Swedish gambling market
is safe, legal and reliable. They enforce some of the strictest daily, weekly and monthly deposit limits in the industry. An 18% gambling tax is enforced on all operators, which also applies to players and affiliate partners of casinos operating with a Swedish license
UK GAMBLING COMMISSION (UKGC)
Founded in 2005 under the UK Gambling Act, the
UK Gambling Commission
regulates all online and land-based casinos operating within the United Kingdom. This, however, does not apply to sports betting. A 21% point of consumption tax is enforced on all British citizens. The UKGC has one of the toughest policies on marketing and targeting of under-age gamblers and enforces their policies by levying massive fines and penalties to operators targeting minors or problem gamblers.