Best Casinos for 2018: UK Online Casinos List
The Lotteries and Gaming Authority is a body set up for regulation of gambling activities under the Maltese Authority. The first country to begin governing online casino activities was Malta. The gambling carried out through the communication media is called Online Gambling and regardless of the technology involved in the gambling process, regulation is general for all types of gambling. Almost all online casino games fall under the Jurisdiction of Online Gambling. Look for the UK Online Casinos List to ensure some fair play online.
Acquiring License for Online Casino
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To acquire a gambling license in Malta, it is necessary to apply for the activities one desires to carry out on receiving the license. There are mainly four types of classes to apply for:
- Class 1. This class consists of those games one would find in any casino, online lotteries, and skill games.
- Class 2. This class involves fixed odds betting, pool betting and spread betting and it is the responsibility of the operator to handle risks of events found in a matchbook.
- Class 3. This category covers betting exchange, P2P, and poker network. Here, the operator takes a commission on a percentage basis of betting or promoting games.
- Class 4. This class is a special one and it enables hosting and governing gaming operators. The licensee cannot work as an operator in this case. It is a license for software providers.
According to the law, the license is valid for up to five years from the date of acquisition. It is possible to renew the license upon expiration. The aim of licensing and regulation is to ensure fair play for the casino players. Another reason is to avoid any money laundering or frauds. A casino having a gambling license means the casino is fair and appropriate because the application and rules for a license are really strict.
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