Game Licenses
You’ve probably heard of online casino gaming licenses. In our casino too, the license is always taken into account, as it is essential for the player. Why and how, we’ll address that in this article.In this paper, we present all the most common game licenses and their issuers. In order to get a better picture of the licensing issue in general and the current situation of online casinos, we will first discuss the differences in licensing practices in the Nordic countries. In this way, we can quickly and concisely compile a comprehensive overview of how different game policies have taken shape - and how they may evolve in the future.
So why is it important for a player to understand and know the online casino game licenses? There are many reasons, but they are mainly related to security and taxation. Some licenses make it possible to avoid having to worry about taxes on profits at all, but to repatriate them clean. Some of the licenses, on the other hand, are such that the player must take care of reporting the winnings to the taxpayer.
The security aspect of online casinos has been a major concern until a few years ago. Today, so-called less reputable licensing countries have also improved their level and, at the same time, their reliability. Fortunately, the number of unreliable operators is constantly declining. In any case, EU-licensed online casinos are the most reliable. Applying for a game license is not a simple process. It usually involves several different steps. For example, obtaining a gaming license from the Maltese Gaming Authority, MGA, can take several months in
In the process, just about any kind of casino operation is blamed really accurately. Even a small mistake can slow down the process or even prevent you from getting a full game license.During its application process, the online casino must be able to prove in a number of ways that all the required things have been taken into account in its operation. When an online casino in Malta or another license finally gets it, it still can’t sigh of relief. The gaming authority carries out inspections of the casino throughout its operation.
In this paper, we present all the most common game licenses and their issuers. In order to get a better picture of the licensing issue in general and the current situation of online casinos, we will first discuss the differences in licensing practices in the Nordic countries. In this way, we can quickly and concisely compile a comprehensive overview of how different game policies have taken shape - and how they may evolve in the future.