Although it is not too important to understand the ins and
outs of casino gambling licenses, you do need to realise that online gambling is
an industry that is not formally regulated in many countries. In the early days
of online gambling, many small, and often poor countries offered gambling
licenses as a new source of revenue. Many of these are still around and have
little to no formal government processes to properly regulate an industry as
complex as this.
Some of these countries, however, have over time implemented
a sound regulatory framework and enforce a strong code of ethics.
1. How do we know which countries regulate properly? We
have experience. We have operated gambling sites ourselves and we have been in
the industry for long enough to know that where casinos or other gambling sites
have operated unethically, they were likely to be licensed in certain countries.
As the industry has matured, there have also been numerous independent studies
related to licensing. We keep abreast of this information.
2. So which are the reputable countries?
These are the countries we feel offer properly regulated
licenses:
Curacao - Neteherlands Antilles
Antigua
The United Kingdom
Ireland
Australia
The United Kingdom, Ireland Australia are obviously first world
countries that are able to implement a solid framework .
Curacao and Antigua have seriously improved their ability to
legislate over the last few years. A licenses does not come cheap either, which
keeps away the rogues.
We are closely monitoring Kahnawhake in Canada. The regulator seems to be
implementing more strict measures than was the case in the past.
3. Which countries should you not trust?
These are examples of countries you should stay away from:
Aruba
St. Marten
St. Kitts
Grenada
Dominica
Margarita Island (Venezuela)
Nicaragua
Madagascar
Haiti
St. Vincent
Bahamas
Honduras
Licenses in these countries are typically very cheap. These countries
also don't have the government bodies and processes (and often the money) to
operate a regulated online ambling environment. If you look where the biggest scams
have been uncovered -
you'll find that some of these countries were involved.
For fair gaming, visit our Preferred Casinos
list.
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