I want to enter the gambling industry, but I’m unsure about licensing. What’s the process like for casinos and bookmakers?
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Licensing is the backbone of trust in the gambling industry—without it, you’re basically playing in the Wild West. A proper license (like the UKGC, MGA, or even Curacao eGaming) means the casino follows strict fairness, security, and anti-fraud rules. For example, Richard Casino operates under a Curacao license, which isn’t as tough as the UKGC but still requires RNG audits and payout guarantees.
That said, not all licenses are equal. Some offshore ones are just ‘pay-to-play’ badges with zero oversight. Always verify the license number in the regulator’s database—fake licenses are shockingly common.
What’s your take? Would you play at a ‘grey market’ casino if the games were provably fair, or is a top-tier license non-negotiable?
Licensing is a significant step for any gambling venture, as it sets the regulatory foundation for operations. Different licenses serve casinos, bookmakers, and lotteries uniquely, each with distinct requirements. Here’s a comprehensive look at the process: https://pantheonuk.org/licensing-the-gambling-industry-casinos-bookmakers-and-lotteries/ It should help you decide which path is suitable for your business.