Anyone using a casino in India wants to be sure that they have a safe and fair experience. This is one of the main reasons why gambling licenses are so important. They provide a level of assurance as to the trustworthiness of a new casino.
This is especially important given that the data for new casinos shows an increase of 36.2% in Policy and Licence Agreement violations. Having a licensing system in place means that casinos found to be in violation of licensing agreements can be identified so that people know to avoid using them.
India relies on many offshore casino providers that are licensed in different territories. Each territory has its own standards that casinos are expected to adhere to. Failure to do so means they risk losing their licenses.
For casinos that start operating in India there are three main licensing authorities, Malta Gaming Authority, Curaçao Gaming Control Board, and Gibraltar Regulatory Authority. Of these authorities, Curaçao Gaming Control Board and Malta Gaming Authority are the most popular licensing 61% and 31% of newly established online casinos, respectively.
It’s interesting to take a look at the different authorities and what standards they expect casinos to adhere to in order to retain their license.
The Malta Gaming Authority has strict rules that licensed casinos have to adhere to. They ensure that casinos pay out fairly, answer any complaints that customers have, and make sure that customers gamble responsibly.
Casinos that do not adhere to the requirements are warned or have their licenses suspended or cancelled. Last year, the authority warned 69 casinos, suspended three licenses, and cancelled 12 licenses. They also handed out several fines and other sanctions.
On the flip side, the authority has issued licenses to several newly operating casinos in India. These licenses allow potential customers to feel safer playing at these casinos.
The Curaçao Gaming Control Board is not as strict as the Malta Gaming Authority and it does not assist casino customers if they have a dispute. Its licenses are cheaper to obtain than some others But, it’s one of the oldest boards in the world and is considered to be reliable and trustworthy.
This means casinos that have one of these licenses in place are legitimate. Customers know that they are not visiting a scam site.
The Gibraltar Regulatory Authority licenses many well-known casinos. Its standards are not as strict as the Malta Gaming Authority, but it does ensure that casinos provide accurate details of the services and games they provide.
This means that potential customers have the information they need to decide whether they should choose to play at a casino.
As the number of new casinos operating in India increases, these licensing authorities will be at the centre of making sure they operate according to agreed standards.