Casino Licence Uk Cost

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Licence
  • Personal Management Licence A Personal Management Licence (PML) is required by people who occupy a specified management office at a gambling business. Those who are responsible for such management functions, whatever their actual job title, will require PMLs, unless exempt under the small scale operator exemption.
  • The cheapest to obtain and maintain are places like Curacao or Kahnawakee. However, these are next to worthless these days all the major markets for online gambling, particularly in Europe, are increasingly restricting the activities of offshore g.
  • A Gibraltar licence is a good sign for UK players. Alderney Casino Licence. Alderney has a population of just 2,400 people. But this tiny island has its own government, law and legal framework. And it also provides very well-respected online casino licences. The Alderney Gambling Control Commission (AGCC) offers a solid regulatory framework.

If you are a casino player, you can, therefore, feel safe when you are playing at a casino with a UK Gambling Commission license. Other popular licenses are Malta Gaming Authority and Curacao eGaming. At Casinomir, we only list online casinos with a proper license/licenses and with the best casino bonuses and free spins. UK Gambling Commission licensed casinos. The Gambling Commission was set up under the Gambling Act 2005 to regulate commercial gambling in Great Britain. In 2013 they also took over the responsibilities of the National Lottery Commission to regulate the National Lottery.

For a casino to operate in the UK, it needs to have a license issued to work in the British market. Licensing is an essential aspect of the online gambling industry, and it is crucial to any UK online casino’s operations. If you are playing at UK casino, it is relevant for you to understand how licensing in the UK works and how it can be beneficial to you.

A UK casino license dictates specific rules and regulations that casinos must adhere to. Since an independent gambling body issues the license, a legitimate UK casino with a license is full proof that it is a fair and reliable casino. You can rest assured that all casinos that are featured and promoted on GambleGenie have a valid UK license.

We have thus compiled this detailed guide with information about the British licensing system and how it could affect you as a player. Although playing at a casino is also an essential factor, take the time to apply the below knowledge so you can have the best possible casino experience.

What is a UK online casino licence?

A UK casino license is essentially a permit that certifies that the casino in question is compliant with the set of rules and regulations as devised by the Gambling Commission. It also ensures that it is following the best practices in terms of safety, fairness and security.

Since casino licenses are in place to regulate the online gambling industry, it also ensures that all licensed casinos are abiding by the correct code of conduct in terms of how their business is run. One important aspect when it comes to adhering to strict guidelines pertain to responsible gambling such as self-exclusion, adverting and marketing, information to players, underage gambling, etc. etc.

UK casino licences are also in place to deter anti-money laundering practises and therefore protecting players from criminal activity and rogue practices.

British online casinos must, therefore, be ready to deal with strict regulations when entering the market and also ready to apply all these requirements by law under the jurisdiction it falls under., before even launching.

Since a UK casino gaming license has to be issued by an authoritative body which regulates the gaming industry, it also means that the casino is always under scrutiny and vetted for all potential criteria.

How to spot a UK licenced casino

Since all casinos listed on GambleGenie are licensed, provided you go for any of them, you should be fine. However, if you sign up to a new casino site that hasn’t been recommended, you need to do your homework. Sign up to the wrong operator, and it can turn into a costly business for you.

If you are always on the prowl for a new British casino, with big casino bonuses and an endless supply of free spins, you are at high risk of not vetting the casino properly. It is more reliable to sign up to a casino that has been around on the market for a few years, but it is also understandable, that sometimes you just want to try out a new UK casino site and see if there’s something better. If you do, keep it safe.

Casinos without a licence have been damaging the UK online gambling industry since always, and signing up and playing at these unlicensed casinos makes you an unlikely accomplice to criminal activities.

Casino Licence Uk Cost Calculator

When playing casino games at an unlicensed operator, the chances are that these games are rigged, and you will never be able to achieve a win, let alone cash out a withdrawal.

If you found yourself on this page looking for sure signs that the UK Gambling Commission licences a casino, check out the below list:

  • Look for a UK licence in the footer of the casino
  • Search for the Gambling Commission’s logo and check that it links to the site
  • Look for a license number. Alternatively, look for the casino on the Gambling Commission’s website
  • See if there is relevant information pertaining to responsible gambling, gambling addiction and age limitation
  • Look for casino reviews online

Even if you have gone through all of the above tips and tricks, it is always best that you look up the casino on the Gambling Commission’s website, which is ultimately the safest way to check the legitimacy of the casino.

Keep in mind that the Gambling Commission regularly runs audits and is well-aware of any problems players might have had with casinos in the UK.

Benefits of a Licensed UK Casino

If you’re still not convinced about the benefits of signing up to a trustworthy UK casino, here’s a list to convince you further.

  • Safety & Security

When playing at a secure UK casino, you are protected in a number of ways. Since there is a legal framework attached to the casino, operators cannot scam players by providing games that are rigged and not use a Random Number Generator. There are also plenty more measures in place to safeguard your interests, including resolutions to disputes, internal and external auditing as well as the use of the latest SSL encryption technology to safeguard your personal and financial interests.

  • Prevention of money laundering

This is a big one, but when a casino starts operating under a UK licence, they have already undergone all possible anti-money laundering checks. Thus, they have undergone risk assessment and advised on appropriate procedures and policies that prevent them from being in any way connected to money-laundering or financing terrorist organisations.

  • Responsibility

The UK-licenced casinos are by law required to be socially responsible as well as have ethical practices in place. Casinos in the UK must make donations to charities and support treatment for problem gambling on a regular basis.

Casino Licence Uk Cost Uk

Additionally, they must run the business ethically and protect any vulnerable members of society from problem gambling.

Why is it dangerous to sign up to an unlicensed casino?

Playing at an unlicensed casino is the equivalent of throwing your money away. There are massive risks attached to them, yet some players still insist on playing at a casino which is unlicensed just because it has a tempting casino bonus offer.

When you sign up to a casino UK via GambleGenie, we have done all the necessary checks before deeming the casino safe and trustworthy. You can sign up to any casino via GambleGenie, safe in the knowledge that the casino is licensed and reputable.

That being said, here are a few risks associated with signing up to an unlicensed casino.

Rigged Games

This is a big one, but since unlicensed casinos don’t have a license in the place, they are unable to certify either the quality of the games or the randomness factor of each spin of the reels. Since they don’t have Random Number Generators in place, which guarantee randomness and fairness, they can be re-programmed, so the odds are in the casino’s favour. You will never win.

No Security

Since there is little security in place, you are providing your personal and financial information to a site that could re-use or share your sensitive data with third parties. Once you have imparted that information, the rogue casino is free to do as it pleases with it.

Never going to see your money again

Why sign up to an unlicensed casino when there is a massive risk, that a) you will lose your deposit, and b) you will never win? The most reputable licensed casinos in the UK payout for your winnings and will ensure that the best practices are in place. Additionally, they wouldn’t withhold any funds from you.

Why are some UK casinos licensed overseas?

You will undoubtedly spot a few new UK casino sites that have a license from other jurisdictions such as Curacao and Malta, in addition to their UK licence. The most common license is that of Malta, which is issued by the Malta Gaming Authority.

This is absolutely nothing to be concerned about since there are legal provisions in place that allow operators from the European Economic Area (EEA) as well as other countries to access the UK gambling market, provided they have in their possession a license issued by the UK Gambling Commission.

These licenses from other jurisdictions pave the way for casinos to serve players from countries outside the UK. In general, authorities such as EEA countries, Isle of Man, Curacao, Gibraltar, Alderney, Antigua and Barbuda, as well as Tasmania, are considered safe and reliable.

How can the Gambling Commission be beneficial to you

Casino licence uk cost calculator

Now and again, you will hear of players who have had a bad experience at gambling online. Although they are much less than what they used to be, several issues are usually related to regulations.

Since the UK Gambling Commission is a legal party, which regulates casinos online, it also gets involved in any disputes that might arise. Before jumping the gun and getting in touch with the UK Gambling Commission, it might be wiser to first get in touch with the customer support of your respective casino.

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In order to legally provide gaming services associated with sports betting, lotto, poker and bingo, an online casino owner must obtain a license. Its absence challenges the successful work of an online platform, due to the fact that the operator is unable to open a bank account or even put any games on their site. That is because one has to make a contract with gambling software provider for that, which cannot be done without a license. Besides, a gambling license often comes with reduced tax rate and other benefits.

However, obtaining a license does not mean that any country will now welcome a new operator because the legal systems of some countries (almost all of the US states, Poland, France and others) forbid online casino games, in whole or in part. Moreover, local legal regulations may be inconsistent, and a country which had no issues with online casinos before may enact a law that blocks the activity of gambling sites on its soil. For example, until February 2017, Australia was being a favored place for online casinos of all stripes since the Australians were considered to gamble the most, spending about $8 billion a year according to a research made by Australasian Gaming Expo in 2018. This huge amount of money was going to foreign casinos bypassing the local budget. The new legal system, in particular Interactive Gambling Amendment Act 2017, prohibited the work of foreign casinos without a special Australian license, resulting in lots of gambling businesses leaving the country.

A gambling license enhances players’ trust and address concerns about slots “rigged” RTP (Return To Player) percent and non-payment of big winnings. The reason is that a licensed casino regularly has its random numbers generator audited, and a compliance certificate is given based on the results of the examination. Generally, gambling websites have licensing info in a footer, and experienced players at their first visit always scroll down to see the jurisdiction where the site was licensed.

Online casino owners face a difficult choice of a reliable jurisdiction, which provides licenses that are valid in many countries. As of today, the choice is not rich, and gambling business owners undergo licensing in one of the following countries and territories:

Curacao

The advantages of this small Caribbean island are zero percent tax on casino profits, fast licensing process (usually about 1.5-2 months) and low ongoing expenses. A casino owner has to place computing power (servers) in the Curacao territory. Online gambling industry forms a great part of the island’s budget, which is why Curacao has such an appealing tax system.

Kahnawake

Canada is famous for its very tolerant attitude towards gambling in terms of legislation. In 1996, Kahnawake Gaming Commission was created, which, among other things, provides licenses for online casinos. The first annual license fee is $40,000, software inspection costs $15,000 and annual license renewal fee is $10,000.

Malta

Malta Gaming Authority provides two types of licenses (B2B and B2C) for a period of five years. Those operators who obtained a prestigious Maltese license are on the UK Gambling Commission’s ‘white list’, which allows them to offer their services to British players. The operators have to adhere to a number of requirements, such as filing financial statements, ensuring players’ personal data safety and creating a Responsible Gaming Policy.

Casino Licence Uk Cost

The licensing procedure is conducted in several stages: the Authority considers an application—this takes 3-4 weeks—and then the casino obtains a temporary license for a period of six months. After that, based on the results of a thorough analysis, a five-year gambling license is given. In accordance with the new taxation rules, which came into effect on January 1, 2018, online casinos with “B2C – Type 1 Gaming Services” license (slots, board games, live games) pay annual taxes of 1.25% if their profit does not exceed €3.000.000, 1% for a profit of up to €4.500.000, 0.85% for a profit of up to €5.000.000, 0.70% for a profit of up to €7.500.000 and 0.55% for a profit of up to €10.000.000.

Gibraltar

Casino Licence Uk Cost Estimator

Casino licence uk cost calculator

In order to get a Gibraltar license, online casino owners have to prove their financial solvency, provide a business plan and be ready to perform transactions (winnings payouts, players’ credit card data processing) exclusively through Gibraltar’s banks. License holders pay 1% of their annual profit, but no less than £85.000.

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Apart from the jurisdictions above, online casino owners can also obtain a license from the UK, Alderney, Macao, Belgium, Denmark, Isle of Man and some other countries. Getting a license will help a gambling operator to work in compliance with laws and regulations, attracting players by complete transparency, financial transactions safety and fairness of the gambling process. Licensing leads to players’ loyalty. A client of a licensed casino is always sure that every reels’ spin, every blackjack deal is always determined by random number generator system where there is no space for any fraud and software manipulation.