A look at how New Casino Sites are regulated

A look at how New Casino Sites are regulated

 

The new casino site industry is stronger than ever before. In fact, it can sometimes feel like there are new sites for players to select from every single day.

Although exciting for players, the fact is that not all of these sites are as secure as the next and so the question of regulation inevitably rises. When a new casino site launched, they must obtain a license from a regulatory body. Sites such as those newly listed at newcasinosites.me.uk have gained a license from a reputable organization yet elsewhere there remain those that are not totally legitimate.

In this article, we will take a look at how new casino sites are regulated. We will delve into what exactly it takes for a new site to receive a license from a top authority, specifically looking at the UK situation.

Let’s get started with a look at the foundations of online casino site regulation in the UK.

When did new casino site regulations begin in the UK?

Once upon a time, new casino sites were barely regulated at all. When online gambling first came to prominence in the early 21st century, sites had next to no legal obligation to their players. A scary thought indeed! Well, then came the Gambling Acts of 2005 and 2014 in the UK to save the day.

The first act of 2005 was the most influential piece of legislation. Essentially it cleaned up the UK online casino site business and put an end to the use of online sites for criminal activity such as money laundering.

Once this was taken care of, the UKGC was launched and sites looking to operate had to pass a strict series of tests around fairness, security and more. Currently, new casino sites looking to launch from the UK can only use software developers certified safe by the UKGC. This essentially put an end to unfair games operating in the UK.

Then, in 2014, the UKGC also stated that advertising of online casino sites should be targeted only to players over the age of eighteen. What’s more, players would also have to input their age at the point of sign-up from then on.

The idea behind the UKGC and the acts of 2005 and 2014 is to regulate the gambling industry and ensure that there is no return to the wild west of the early 2000s.

How are new casino sites regulated today?

To this day, the UKGC is considered to be one of the most strictly controlled of any body on earth. Sites wishing to gain a UK license must stick to a rigid set of guidelines if they are to obtain a license, all designed with consumers in mind.

So what exactly does this look like? Well, areas like segregation of funds are key to the UKGC, ensuring that no criminal activity is going on behind the scenes. As a strict regulatory body, the UKGC looks to ensure that it covers everything from credit rules, fair play and morally upstanding advertising.…

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Source: Eastern European Gaming