With a great variety of online casinos and online gambling sites, it is extremely difficult for a would be gambler to make the right choice. And you can make the right choice if you know if the casino you have chosen is licensed, if you understand the difference between licenses and how a casino gets its license. The process of getting one may seem to be surprising for you. One more thing that may puzzle you is where it happens.
Monte Carlo, Las Vegas, Mississippi are the names that have little to do with online casinos. They serve only as a name for the casino, but the name people really trust.
To get a license, the casino should find the place where legal jurisdiction allows operating. In this respect it is clear that an online casino cannot operate in the USA. The right places for it are the Caribbean, Antigua, Costa Rica, Dominica and Curacao. Besides them, Australia and Canada began to hand out licenses.
With the time, gambling is gaining more and more popularity in lots of countries all over the world. They study pros and cons of “allowing online casinos to operate with their territories”.
There are some more things a would be operator should mind to get a license. He must demonstrate certain qualifications to open an online casino such as a sufficient level of competency, financial ability to operate a casino and manage the payouts. After all that he may get a license.
The cost of the license may vary from $50,000 to 1 million. And during the operation the casino should show the initial requirements are being maintained.