Nowadays the world of casinos is more accessible to gamblers than ever before thanks to a wide variety of sites. According to the surveys conducted by the UK Gambling Commission, the number of people that enjoy online gambling continues to grow while offline casinos steadily become less popular. It is not at all surprising as the level of convenience offered by online platforms and mobile apps cannot be surpassed. When it comes to the peculiarities of the gambling business, there are a few things that you need to know if you want to create your own online casino.
Gambling Business in the UK: What You Will Need
As opposed to some countries where gambling is banned completely or those where laws regarding this activity are extremely confusing and complicated, the gambling laws in the UK are quite straightforward. Starting a successful business requires a gambling services provider to obtain a license from the official Gambling Commission which has been created to regulate both online and offline casinos.
The two licenses which are generally required for people to start their casino business are:
- Personal management license – takes approximately 8 weeks to process
- Operating license
Regardless of where potential gambling providers live, if they want to create a business and provide their services to UK citizens they will need to obtain an operating license from the Gambling Commission. The choice of license will also depend on the type of gambling services that will be offered. The best idea is to get in touch with the Gambling Commission and see which regulations apply to you if you want to get involved in this business.
Furthermore it should be noted that those online casinos which receive their licenses are subject to continuous monitoring and this means that if they don’t ensure a safe and fair environment for their players that the license can be revoked at any moment. The gambling software and payments systems used by operators should also be reliable.