When it comes to licencing for UK slots sites, all roads lead to Rome. In this context, however, Rome goes under the guise of The UK Gambling Commission (UKGC).
Essentially, no company or organisation can legally provide any form of gambling service to British gamblers without the approval of the UKGC, and all online slot sites are legally required to obtain and display a licence from the UKGC just to provide their online service in the first place. This license ensures that they follow the measures put in place, to fully protect online gamblers from money laundering, scams, security breaches and fraud visit and check out Wolf Gold Slot.
In order to obtain this licence, digital sites have to undergo a screening, where each one is scrutinised and tested to see if the required levels and standards are being met. Should any of the requisites not meet the required level, the site will not be granted a licence by the UKGC.
Whether you run an online casino, or if you just need a remote casino operating licence so you can offer games via your mobile phone or TV, you’ll need the UKGC to issue your licence.
As stated on the website, regardless of where you are based in the world, you need a licence from the UKGC if:
- you are providing facilities for gambling to consumers in Great Britain online (or through any other means of remote communication)
- any part of your remote gambling equipment is based in Great Britain.
The UKGC is a governmental body which is set up to ensure that digital sites abide by the rules and regulations set out in the 2005 Gambling Act.
This Governmental Act states its objectives as:
a. preventing gambling from being a source of crime or disorder, being associated with crime or disorder or being used to support crime,
b. ensuring that gambling is conducted in a fair and open way, and
c. protecting children and other vulnerable persons from being harmed or exploited by gambling.
Obtaining a licence from the UKGC is not easy. It is a rigorous process set up to protect online gamblers across the United Kingdom, and must therefore probe into an online company’s background extremely thoroughly before approving any licence.
According to www.gambling.commission/scams-info/, the UKGC will only approve a company for gambling licence if the company can:
“Show a clear ownership structure, demonstrate sufficient financials and the ability to pay out prizes, have integrity, are sufficiently competent to provide the services they offer, and do not have a criminal record.”
What’s more, if companies go against the regulations set out by the UKGC, they will see their gambling licence revoked, preventing them being able to legally provide gambling services in Great Britain.
There are many reasons why gamblers should only play at casinos approved by the UKGC. The first is ensuring that players’ personal data is securely stored and is not misused.
Secondly, online sites will be refused a licence if the company does not hold player funds in a separate account form operating cash.
This is hugely important, as should a casino go into administration or go bankrupt, this would ensure players funds are still safe and would not be lost.
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