From a player’s perspective, inspecting the casino’s background is a must. Verifying that it holds the proper license is a strong indication of trustworthiness; after all, no one wants to experience any kind of issues with dishonest random number generators or when trying to withdraw the money. But displaying a casino license signals much more than that:
1. It acts as a seal of approval from the industry’s regulators
If a casino wants to operate legally, adhering to the local regulations is one of the requirements. The specifics tend to vary from country to country, but in any case, earning the certificate is a sign of having withstood rigorous background checks and regulatory scrutiny. During the process, the casino business is checked for legitimacy, their platform is tested for security, and so forth. Only the casinos that have clearly outlined the payout process stand a chance of obtaining it and it won’t happen without rock-solid fraud prevention measures either.
2. The primary aim of licensing is to protect the players
When playing for online casinos real money, there is no room for error. The players need to feel safe when depositing and confident that the odds of winning are not skewed against them. Without knowing that their personal data (such as credit card numbers) is handled with care, no one would be willing to entrust an operator with it. In other words, storing it on the server without any form of encryption is a big no-no; in the event of a security breach, this could lead to identity theft, loss of funds, and more. When all is said and done, obtaining the license also means the operator is deemed trustworthy of handling the customers’ money and personal details.
3. Every type of license plays a different role
Different types of licenses signal different things. In fact, it’s possible for an online casino to display multiple licenses simultaneously. For instance, certain countries opt to take matters into their own hands and only allow pre-approved casinos to operate in that region. One of the requirements for legalizing their operations is to have a base of operations in the said country. Not only does this ensure a watchful eye on the country’s residents, but also generates a steady cash flow to the government coffers. A general rule of thumb is to be on the lookout for casinos that have a local license as these are deemed the safest.
4. Playing at a licensed casino is in the player’s best interests
Thinking that regulatory matters are of no concern to you could quickly turn out to be erroneous. After all, you are not only entrusting the casino with your money, but with your personal data as well. Most people would not be comfortable with giving out their real name, address, and payment information to a stranger, and it’s for a good reason; to stay safe. Therefore, there is no shame in asking to see the license. In most cases, however, a trustworthy casino will openly display it in the website’s footer.
Given the points made above, you should always double-check that the casino has proper licensing. Otherwise, this could signal trouble. Best of luck at the tables and stay safe!