Each online casino operator needs to obtain certification and license to legally conduct and provide gambling activities on their platforms. Such licenses can be obtained by several proven jurisdictions, but one of them that stands out is the Gibraltar Regulatory Authority (GRA) license, issued by the Gibraltar Gambling Commissioner. The Gibraltar Regulatory Authority is official establishment in October 2000 by the Gibraltar Regulatory Act to regulate any type of gambling activities within the country and amongst online casinos with presence in Gibraltar. All the supervisions and regulations by the jurisdiction are done according to the European Union law.
Gibraltar Regulatory Authority
Nowadays, plenty of major online casinos own a license from the Gibraltar Regulatory Authority. Those that emerge on the market in 2020, aim to obtain a license with Gibraltar as well by meeting the required standards. An online casino certified by the Gibraltar Regulatory Authority jurisdiction instantly gains much more trustworthiness amongst gamblers, claims a high-prestige reputation, and becomes one of the most preferred venues by players worldwide. In exchange, large players gamble with lower taxes and have the knowledge that their sensitive information is kept safe. However, to gain a license from Gibraltar, online casino operators need to go through a tough application process and meet all the required standards to be approved. Gibraltar supports the gambling market but is strongly committed to following all the rules set by the law. It is difficult to obtain a license in Gibraltar and only a few online venues obtain it per year. For example, on February 27th, 2019 only 34 licenses were issued.
How To Secure Your License
It is firstly required for online casinos to have a presence in Gibraltar and open bank accounts within the country. They also need to have at least one license in another jurisdiction and have proven years of experience, a well-established, strong reputation in the gambling industry. Online casinos need to fully pay their obligations and to prove they can pay their annual license fees no matter their income. There is a bunch of paperwork and required documents that need to be filled in and send to the jurisdiction for approval. This process usually takes casino operators from 14 to 90 days. Even though the application process is tough, time-consuming, and isn’t easy to be approved, it is worth it for online casinos to claim a Gibraltar license. As we said, each online casino with a license from the Gibraltar Regulatory Authority is viewed as an online gambling venue with a strong reputation, proven trustworthiness, and immediately gains a high status as a secure platform in the industry market.
It appears that having a license is of immense importance in order for an online casino operator to oprate successfully. For that reason, we encourage every casino player to first look at the brand licenses and certifications before setting up an account. This will guarantee a positive gaming experience and a safe and secure environment. As far as we are concerned, we do believe that the Gibraltar Regulatory Authority is a reliable authority with stringent regulations. During the years, the authority has proven to deliver a flawless performance and as a result, many online casino operators rely on it. Such brands include 888 Casino and 777 Casino. Last but certainly not least, we do advise you to play responsibly and to know your limits. We wish you a stroke of good luck and amazing winnings!
Finally, you can still take advantage of our overall listing of the best online casinos, currently, on the market, so do not miss this exciting opportunity.