What’s a Casino License?
In simple terms, a casino license is a seal of approval for online casinos. It’s proof that the casino is trustworthy and conducts its business in a safe and regulated environment. Only a licensed online casino should be trusted. The market is oversaturated by scam casinos which will rob you of your money and exploit your personal and financial details. That can be quite unpleasant.
All governing bodies have a certain set of requirements a casino must fulfil – only then will the licence be issued. The requirements vary from one country to another, but in general, the casino must provide proof of identity, pass a security test and provide proof that it protects customers from fraudulent behaviour. Failure to comply with any of the minimum requirements will result in a denied or revoked license, throwing a shade on the business.
Why Should Players Care?
When registering at an online casino, you should be aware that you’re providing it with personal information regarding your identity and financial details as well. These will most definitely include your birth date, name and surname, address, number of credit or debit card, etc.
In short, all this information can be easily collected by hackers online and misused. Identity theft is becoming a serious problem nowadays, and don’t even get us started on stolen credit and debit card numbers. That’s where casino licenses come in – they ensure players that their casino of choice is completely legal and safe to play at, shielding them from potential theft.
Plus, a casino operating without a license is breaking the law, and you surely don’t want to start a career in organized crime, right?