There are several top online casino jurisdictions that all online players should be aware of. Casino jurisdictions are certain regions that have established special regulative bodies for licensing andcontrolling the operation of internet casinos. Every large gambling site should have a licence of a respective jurisdiction and provide this information on the home page or ‘About Us’ page of its site. In this article we would like to tell you what countries are considered to be top online casino jurisdictions and what they are responsible for.
So, every gambling site should have a licence. However, the whole process of getting this licence is rather long and multistage. First of all, online establishment should apply for the licence of the jurisdiction it falls. There are usually some fees charged during the application process. After these experts of the regulatory body of this jurisdiction conduct a comprehensive examination of the operation of the applicant casino. It includes various stages during which all important factors are estimated. Here are the areas that are checked first of all:
1. Background of promoters. To examine the promotion activity of the gambling site, it has to provide the experts with the comprehensive information about all promotions and PR organizations it worked with. What’s more, all references and financial statements connected to promotional activities are also required.
2. Honesty of all casino games offered by applicant casino. During this stage experts of the regulatory body examine the random number generator of the games and if house edge and payout tables are reported correctly.
3. Pay of winnings. Experts check if the whole payout mechanism is honest and transparent enough. Independent audit should be carried out every month to guarantee that the gambling site has enough money to pay the winnings out. After the licence is issued it’s the gambling jurisdiction that all players can refer their complains to if any issues with payouts or the fairness of the games appear.
If all the above areas are checked and experts conclude that the applicant casino meets all necessary requirements, the licence is issued. Top online casino jurisdictions existing nowadays are:
1. Antigua and Barbuda. This is one of the eldest gambling jurisdictions in the world. The regulatory body of Antigua and Barbuda jurisdiction is called the Division of Gaming. More than 50 internet casinos are based in this jurisdiction nowadays.
2. Kahnawake. Kahnaware is probably the largest casino jurisdiction with more than 110 gambling sites licensed there. It was launched in 1996 and its regulatory body is Kahnawake Gaming Commission.
3. Curacao. Curacao began its licensing activity in 2001 when its regulative body called Curacao Internet Gaming Association was established. Nowadays over 30 gambling establishments are based in this jurisdiction.
4. Malta. Its regulative body The Lotteries and Gaming Authority was established in 2001 as well. About 20 online casinos have a licence of Malta jurisdiction.
By the way, it’s also worth mentioning that such jurisdictions as Malta and Gibraltar that are located in the European Union are reallytrustworthy as they follow much more formalized procedure of licensing due to the existing legislation of the EU. However, that doesn’t mean that Caribbean-based jurisdictions are somehow less reliable. To speak the truth if you see the names of any of the jurisdictions mentioned above you are practically guaranteed the most secure, honest and exciting gambling experience ever.
