Who is the Gibraltar Gambling Commission?
Who is the Gibraltar Gambling Commission? As you might be already aware, online casino operations need some form of license to operate legitimately for many reasons. Mainly related to protecting players from unfair gambling and other forms of deceptive business practices.
The idea is to protect both parties by providing laws and regulations that prevent the average person from misleading practice. Or even taking some kind of unfair advantage of a business. Surely now you have some understanding of the importance of such commissions?
Introducing the Gibraltar Gambling Commission. This is a governing body tasked to regulate data protection, radio, broadcasting and also telecommunications, and as of 2006; the Gambling Act 2005 was also implemented. Gibraltar Gambling Commission offers remote licensing, which is considered as the cream of the crop or high specs of a casino license.
If you see an online casino with such a license, just know they have also pulled all the stops to ensure your time at their casino is possibly the safest you will experience from a gambling industry’s perspective.
Casinos that hold a Gibraltar Gambling License
There are certain requirements or rules that online casinos need to complete in order to grant a Gibraltar Gambling License.
License types and rules by the Gibraltar Gambling Commission
Overall, the Gibraltar Gambling Commission offers licenses from broadcasting to gambling. The following only focus gaming-related licenses:
- Pool Promoter’s License and Remote Gambling License
- Bookmaker’s License and Betting Intermediary’s License
- Gaming Operator’s License and also the Gaming Machine License
In order to obtain licenses from the Gibraltar Gambling Commission, all applicants must have minimum and specific information upon application. This includes the mandatory data such as your name, date of birth and address.
Also, other more specific information includes a KYC process which requires the customers’ documents. This includes identification card or passport as well as utility and some bank statements to prove that the applicant can afford hers/his venture. That’s not where it ends, applicants must also meet the strict testing of anti-money laundering requirements.
Those requirements are aimed at also preventing criminal activities that take advantage of the player or any other party involved with the casino.
The above information is just some of the policies or requirements necessary for all casinos and applicants to adhere too. As strict as they may be, protection is also the name of the game. Because of such regulations, licenses from the Gibraltar Gambling Commission are very much sort after and held at high esteem.
Player Protection and Responsible Gaming
Overall, The Gibraltar Gambling Commission created the licenses provided above with the intention of protecting the player. Protection doesn’t only address or cover criminal activities, but it also adds another important factor, Responsible Gaming.
Also, should the player feel that they might have a gambling issue, regulations have been put in place. These include setting betting limits and also other types of limits to ensure responsible gaming. Overall, the player has even afforded the right to blacklist themselves from all casinos should they feel they are no longer in control.
Overall, these procedures are used to secure everyone involved, also, there are great advantages to ensuring you are licensed with them.