Online casinos have proven to be immensely popular and lucrative, providing players with authentic gambling experiences as well as creating large profits for their owners. With the fast expansion of online gambling, corruption of online casinos became a major concern for both players and casino owners. Following the proliferation of criminal activity in online casinos, the gambling community sought a way to standardise and regulate online gaming.
A number of online gambling licensing organisations were set up to tackle the problem, and online gambling licences are now issued by a number of governments worldwide.
Despite that fact that obtaining a gambling licence is a complex process involving research and certification, most internet casino businesses possess an online gambling licence. Online gambling licences ensure the legitimacy of an online casino business, as they involve regular assessments of the company’s conduct. All legal online gambling businesses possess an online gambling licence in at least one jurisdiction.