Online Gaming Licencing from the EU Very Safe

03/31/2015
By Pamela PattersonGoogle
Online gambling with a casino that is licenced by reputable and well governed EU based licencing services are helping online casinos gain the trust of those that did not have any confidence in online real money gaming.

In US the new laws and committees governing gambling in states such as New Jersey, Nevada and Delaware have guaranteed that player’s money is safe from corruption. The way these online casinos deliver their games via the internet is also subject to strict rules and regulations creating online gambling safe zones.

‘Newly designed gaming commission rules that cater for internet players in the US safeguard real money gamers’ cash regardless of whether the casino goes bust’

Casinos that operate online in the US must adhere to strict banking rules that ensure that player cash is kept separate accounts. These accounts guarantee that any wrongdoing by the casino does not affect player account balances. As a result, if anything were to go wrong with the casino, be it legal proceedings or liquidation, any online casino members of that casino will get their cash back.

US online casinos are currently bound tightly by these new rules that are not just financial. The laws also govern the online casinos irresponsibleness should they allow players to lose too much money by encouraging the player with too many casino bonus codes or to play above his/her means.

In addition, this means players in the US can now more easily make a legal claim locally. In the past, many of the laws stipulated that any legal dispute could only be questioned in a court of law in the country the online casino is licenced. For those playing at online casinos with licensed gained from another country would mean that it was virtually impossible to travel to the country in question and open a dispute through legal channels.

In the past, players were unable to take any kind of legal action against online casinos operating licences from a foreign country’

With the new US laws forcing online casinos that want to operate online real money gaming services in the US must purchase a licence from a US government approved or operated authority. To be approved for this licence figures in the region of $20 million would be required and strict rules adhered to. Therefore, any legitimate and worthy legal challenges for US players can be made from within the US.

UK and EU players are also protected by similar laws to the US

Probably the most well-known licencing committee in the EU is the Lotteries & Gaming Commission of Malta. Now part of the EU this is a very trustworthy licenser. Furthermore, the UK Gambling Commission licence is required if any online casinos want to operate their services within the UK.

All these licenses mean that financial transactions, gaming laws and legal disputes are all governed from locations that make it easy to bring legal action against a casino.

US, UK and EU licenced online casinos enjoy the strict licencing because it means more players are now willing to give real money gaming online a shot due to its more trustworthy image’

However, it is very unlikely any wrong doing from a professional casino will occur because the laws on the casinos are so tight, they have little leverage and no loopholes to get through. Surprisingly, the online casinos are only too happy to oblige with US, EU and UK laws despite the cost as increasingly people are more trusting of the way the online gaming is being operated and thus this brings more customers to the marketplace.
 
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