What is a Gambling License?
A gambling license (or ‘gambling licence’ in British English) is a permit to operate a gambling game or a series of gambling services in a particular jurisdiction. All gambling operators need a gambling license before they can legally operate any games. The gambling license is usually issued by the relevant regulatory authority, such as a gaming board or gambling commission. Operators must adhere to the terms of their gambling license at all times.
Any commercial gambling operation needs a gambling license in order to operate. This includes online and offline gambling services. Running gambling without a license constitutes illegal gaming, which is a serious offense in most nations. Gambling licenses are usually issued by the relevant gaming authority for the state or nation where the requesting party wishes to operate. If a company operates in more than one country, they will need multiple licenses for each of their locations.
Gambling licenses set out terms which the holder must meet at all times. These often relate to tax requirements, financial reporting, and responsible gaming policies. Operators must run games that are fair, and must take steps to protect players and to prevent criminal activities. If an operator fails to meet the conditions of their gambling license, it may be revoked and their business may be forced to close.
Casinos and betting shops obviously need gambling licenses, as do online gaming websites. However, there are lots of other kinds of games which must be licensed. Lotteries, bingo games and even raffles and tombolas usually need some form of license or permit, even if the proceeds are for charity. Licenses are there to protect players and ensure that the games are fair and honest, and they also show that the game operator is trustworthy.