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What Does a License Say about Online Casinos?

What Does a License Say about Online Casinos?

Chris in Bitcoin Gambling published on 24, January 2017

There are different online gambling commission offices that regulate casinos within its jurisdiction. Each office has its own rules and terms when it comes to online gambling games and licenses for online casinos. While licenses are not a prerequisite feature, some operators in Bitcoin gambling still acquire licenses to legally operate in certain jurisdictions.

Malta Gaming Authority

Malta Gaming Authority (MGA) is one of the popular online gambling licenses in the industry. The country’s regulating office has been around since 2000 and has more than 200 casinos that have its license. The regulatory office’s former name was the Lotteries and Gaming Authority office before 2015.

Malta Gaming Authority

A casino with an MGA license needs to make sure its games are fair. In other words, the results of a casino’s game must use an authentic random number generator (RNG) feature. This ensures that the operator is not manipulating the game to keep someone from winning a large payout. Casinos with the Malta license need to submit a game to an auditing agency where a team of experts will test its RNG feature before an operator allow their players to make bets with it. Guts Casino is one example of an MGA licensed site that offers fair games. However, MGA is yet to add Bitcoin payments to its license.

Antigua Leisure and Gaming Association

The Antigua Leisure and Gaming Association (ALGA), which recently began operations this month, replaced the Online Gaming Association (OGA). Most of the OGA’s license holders are small and medium-sized casinos. With the new ALGA, members can also expect a new Gambling Act to be drafted.

A new gambling authority will be formed, which will assume the tasks currently handled by the Financial Services Regulatory Commission. The commission, however, has a bad reputation among operators that led them to give up their Antiguan gaming licenses. One of the gambling sites licensed by the Antigua Gaming Commission is Bodog.

Curaçao eGaming

One of the earliest regulators of online gambling sites is Curaçao eGaming. The regulatory offices have been with the industry since 1993. Curaçao eGaming follows the same standards in online gambling as the EU.

Curacao eGaming and Kahnawake Gaming Commission

Curaçao eGaming is always about convenience for its licensed casinos. Curaçao eGaming has a ‘One License’ policy that allows casinos to offer various gambling activities such as poker and sports betting. In other jurisdictions, casinos need a separate license for any other gambling activities other than casino games. BitCasino.io is a good example of a Bitcoin casino that is regulated by Curaçao eGaming.

Kahnawake Gaming Commission

Kahnawake Gaming Commission is a Canadian regulatory office that has been offering licenses to casinos since 1996. The regulatory office requires casinos to obtain a license for different gambling activities, such as sportsbook, casino games, and community poker.

Operators must also meet the gaming commission’s ethical standards where they will provide a fair and professional service to his players. Red Flush Casino and JackpotCity Casino are among the Kahnawake license holders that follow the regulatory office’s ethical standards.

 

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