What is a 'Gaming License'
A Gaming License is a licence that allows someone to run an establishment such as a casino or bingo
hall where people gamble money. Prospective licensees can apply by filling out a form online at the Gambling Commission UK website. As well as the applicant's details, they require in depth information about legal and financial issues. Since a licence has so many different variants it is difficult to know the exact costs until the applicant works it out on the Gaming Commission
's online calculator.
'Gaming License' Explained
The Gaming Commission state they provide two types of licenses themselves; an operating licence and a personal management licence. A gambling business may also need a premises licence but that is administered by the local authority. The licenses can be obtained for the following sectors; arcades, remote betting, bingo, remote bingo, casino, remote casino, lottery, remote lottery, gaming machines and remote gaming machines.The Gaming Commission have information about how to comply with your licence condition for each sector. For example an online gambling
business has to have customer account information, be able to display transactions, list rules of the games and the likelihood of winning, have result determination, application of financial limits and available information about policies and procedures.A breach of a licence can result in a financial penalty. They recently fined the lottery company Camelot
£3 million for paying a fraudulent lottery claim in 2009. They state Camelot breached its licence in three ways; the control of databases and other information sources; the investigation of a prize claim; and the process surrounding the decision to pay a prize. Camelot have a right to appeal, but have chosen to accept the decision.The Gaming Commission also state they have recently suspended the licence of another practice while it's under review.