Online www.747.live casino login Regulations and Licensing Tips
If you were to do a quick research on the regulation of online casinos, you would find out that there are various companies which are responsible for supervising all activities associated with gambling that take place in a particular country or territory. Some of them are recognized on a global scale as trustworthy regulatory bodies due to their strict policies and professionalism.
The laws and the regulations that concern online gambling vary greatly, depending on the country you reside in. Although the Internet is a global network which enables people from different parts of the world to access the same websites, there are certain restrictions that apply in specific regions only. In other words, the regulations regarding online gambling are not universal as each country has its own stance towards this type of virtual entertainment.
In some countries, such as the UK, all casino operators who wish to provide online games legally to players who reside in this territory, are required to obtain a license. In order to get it, the online casino has to comply with all rules that apply in this country and also, it has to prove that it offers fair games. If it meets all of the set requirements, the UK Gambling Commission issues a license which has an expiration date.
Regulations and Licensing Additional Tips
Some other licensing authorities which are responsible for regulating the gambling market in certain territories are the Malta Lotteries and Gaming Authority, the Isle of Man Gambling Supervision Commission, the Gibraltar Licensing Authority, the Kahnawake Gaming Commission and others. Depending on the place in which the online casino wishes to operate, it might be required to obtain a license from the regulatory body that is liable for keeping the gambling market safe and protecting players from dishonest operators in the respective country.
Besides these regulatory bodies, there are also several independent testing agencies which conduct audits of the activity of the Random Number Generator. For those of you who are not entirely familiar with the latter, it is a computer program which generates random outcomes for all casinos games that are offered online, except for live dealer games. Some of the most famous companies which specialize in RNG testing are eCommerce and Online Gaming Regulation /eCOGRA/ and Technical Systems Testing /TST/.
