When choosing an online casino, it is very important to pay attention to the license. If the website does not have permits, it is certainly not worth playing on it. And there are at least three reasons for this.
- Firstly, unlicensed online casinos cannot cooperate with official software providers, which means that this website won’t have high-quality gambling games. As a rule, sites without a license offer players scripted software on which it is impossible to win.
- Secondly, the lack of a license indicates that the user is not protected. In the case of fraud by the administration or if the player is blocked for no reason, he will not be able to complain anywhere. But in licensed casinos, the operator accepts complaints, and most of the disputes end in favor of the player.
- Thirdly, the lack of a license indicates that the casino does not have an authorized capital. Simply put, the gambling platform does not have enough funds for payments. And if the casino does not have money, then the player will be blocked for any far-fetched reasons or will get a huge delay in payments.
Let’s talk more about the features of licensed online casinos and find out if they are available to players from Australia and other countries.
Features of licensed Australian online casinos
For the site to be able to legally provide gambling services and become full-fledged best Australian online casino, including sports, betting, the founders of the portal must obtain a special license.
The gaming license is required by the sites for several reasons. Firstly, after obtaining permits, it becomes possible to collaborate with official providers (game developers). Secondly, the licensee operator provides tools to improve functionality. Thirdly, the business becomes legal, and there are no problems with cashing out profits.
Besides, obtaining a license leads to an increase in the confidence index of players. Gamblers subconsciously trust more to those resources that have permits. And experienced players are well aware that they will be protected only on official gaming sites.
Licensing takes place in several countries:
- Curacao. The vast majority of legal online casinos operate under this jurisdiction. There are several reasons for this. Firstly, you can obtain a license in this jurisdiction very quickly – the preparation of permits takes no more than 1.5-2 months, while other jurisdictions sometimes make you wait up to six months. Secondly, in Curacao, the tax system is very well-formed. This is because the lion’s share of the budget falls on the revenues from the Internet gambling industry.
- Kahnawake. In this country, you can also get permission to gambling activities. Online casinos cooperate with Kahnawake somewhat less often, since permissions are long prepared in this jurisdiction. The entry fee for the license is 40 thousand US dollars, the technical inspection is 15 thousand US dollars, and 10 thousand dollars are charged annually from the founders to renew the license.
- Malta. Many Australian online casinos cooperate with this jurisdiction. Obtaining permits from the Malta Gambling Commission is very difficult. The casino should have impeccable functionality and quality of gaming software. Also, large entry fees are collected here – up to 40 thousand US dollars. A feature of the jurisdiction is that after checking the portal a temporary license is issued, the term of which is avoided in six months. If the portal works honestly and players do not complain about it, you can get a license for five more years. The big drawback of registration of a casino in Malta is that there are income taxes, and they are quite impressive.
- Gibraltar. Online casinos do not cooperate with this jurisdiction very often. Firstly, obtaining permits in Gibraltar is extremely difficult, because jurisdiction requires the provision of an ideal business plan. Besides, one of the requirements is to conduct all financial transactions through the banks of Gibraltar. The founders of the casino also undertake to pay 1% of gross profit, while the tax should be from 85 thousand dollars per year.
Benefits of licensed casinos
In summary, we will highlight the advantages of legal online casinos. The most significant plus is player security. Operators and licensing authorities accept complaints from users.
Also, the advantages of legal casinos are:
- High-quality gaming software. All applications meet the requirements. Licensed casinos offer exclusively certified games with high-quality RNGs and great RTP.
- High-quality functionality.
- Multicurrency and a wide selection of payment systems. Some resources even support cryptocurrency wallets.