Online Casino Licences: Everything You Need to Know (2024)

1. To protect the players from unfair, unsafe, and illegal gambling practices. A licensed casino has to follow strict rules and standards that ensure the games are fair, the payments are secure, the personal data is protected, the money laundering is prevented, and responsible gambling is promoted. 

2. To generate revenue for the jurisdiction that issues the licence. A licensed casino has to pay taxes, fees, and contributions to the licensing authority and the local community. Also, the authority has to comply with the anti-corruption and anti-terrorism laws of the jurisdiction.

The casino operator has to choose a suitable jurisdiction that offers online gambling licences and meets their business needs and goals. There are different types of licences, such as global, regional, national, or local licences, that have different scopes, costs, and benefits.

The casino operator has to fill in an application form and submit it to the licensing authority along with the required documentation and fees. The documentation may include personal details, business plans, financial statements, technical specifications, game portfolios, security measures, policies and procedures, etc.

The licensing authority will review the application and conduct background checks, audits, tests, and inspections on the casino operator and their platform. Furthermore, they will evaluate the casino operator’s suitability, integrity, competence, and compliance with the licensing requirements.

The licensing authority will grant or deny the licence based on their assessment. If the licence is granted, the casino operator will have to pay an annual fee and follow the ongoing regulations and obligations of the licence. If the licence is denied, the casino operator may appeal or reapply for the licence.

Offering fair games that use random number generators (RNGs) that are tested and certified by independent agencies.

Using secure payment methods that protect the transactions and prevent frauds.

Protecting personal data of the players and complying with data protection laws.

Preventing money laundering and terrorist financing by verifying the identity of the players and reporting suspicious activities.

Promoting responsible gambling by providing information, tools, and resources to help players gamble safely and responsibly.

Providing customer support, dispute resolution, and self-exclusion options for the players.

Fraud: Unlicensed casinos may be run by scammers, criminals, or rogue operators who are only interested in stealing your money or personal information. 

Malware: Unlicensed casinos may use malicious software or programs that can harm your computer or device. They may infect your system with viruses, worms, trojans, spyware, ransomware, etc., that can damage your files, data, or hardware. 

Identity theft: Unlicensed casinos may use phishing techniques to obtain your personal or financial information. They may use your name, address, email, phone number, credit card number, bank account number, etc., to commit fraud in your name.

Legal issues: Unlicensed casinos may operate in jurisdictions where online gambling is illegal or restricted. They may expose you to legal problems or penalties if you play at their sites.

Curacao licenced casino in India: many of the popular casinos in India hold a Curacao licence. One of the most famous operators is Casino Days which offers various Indian table games and accepts Indian banking options like UPI, Google Pay, Paytm and PhonePe. Users can also download Casino Days APK to get their mobile application on Android devices.