In Western Europe there lays the self governed British region of Gibraltar. For a number of reasons, this area has emerged as a lead provider of licenses for gambling companies based on the 2005 Gambling Act. A significant number of gaming brands known world wide have chosen the Gibraltar Gambling Commissioner Office to get the necessary license for them to operate legally.
Major brand Casinos
One should keep in mind that in terms of prospective casino requirements, Gibraltar is the one with the strictest policy. They only provide licenses to the so called “blue chip” casinos which are the major brands in the field. Taking that into consideration it is no surprise that only established brands with a good history, excellent reputation and specific characteristics are able to be licensed here.
Cash Reserve Requirements
Based on the legislation under which Gibraltar operates, all casinos that are licensed from them have to keep a specific amount of money in form of cash so as players to be paid on hand. Periodically, the Gibraltar office gather information related to each casino’s incomes and based on that determines the least amount of available cash. Also, the Licensing Office checks regularly if the casinos under their care maintain the refunding time frames they claim to have toward the players.
Having a Gibraltar Gambling approval comes with obligations in terms of providing a number of economic data. The most important such information has to do with the bank accounts the casino uses in order to operate. Every year the Gibraltar Gambling Commissioner Office is going to do an audit so as to make sure every fund is checked and reported.
It is included in the terms of the license itself that the Gibraltar office is to operate as a kind of manager for the casino. This means that data may be required at any given time and the casino is obligated to provide them. This factor on its own is enough to insure all players at these casinos are dealing with a reputable and proper company.
The coronary stone of this license is the fact that the casino has to prove to both players and the Gibraltar office that the results of each game are random. The license requires that all casinos licensed here should have independent auditors for this purpose. These audits with their results need to become public and appear in the casino’s website where everybody can examine it.
Complaint Resolution Requests
The Gibraltar Gambling Office is known world wide for its dedication on assisting all players resolve disputes or disagreements with the casinos licensed here. They have a full page in their website for this purpose alone. It is their policy to first direct the player toward the casino so as a solution to be reached there. In case the player considers that the matter is of significant importance then they can fill the form “Complaint Resolution Requests” and send the file via e-mail to the Authority. The protocol followed here makes sure that all players get the necessary assistance in a reasonable amount of time.