Eternity Law International Online gambling GAMBLING LICENSE IN UK

GAMBLING LICENSE IN UK

Published:
October 8, 2020

Great Britain is among 7 the most developped and powerful countries in the world.

Historically, this country is associated with an order and discipline. But the UK was also among those countries, who legalized gambling and drafted specific legislation for this sphere.

The process of legalization was conduct here in the middle of the 20th century. In 2005 the UK passed a law on gambling and legalized online and classic casinos. In 2007 there was creat a special authority – Gambling Commission.

Gambling here is in a special position. There are no restrictions for these activities under the law. Therefore, many clubs are officially in the white list and retain the trust of the Government. Among the advantages of online casinos in Britain are:

  1. a compulsory licensing, which guarantees safety to the players;
  2. the presence of shares on trading markets, which guarantees payments to players;
  3. large prize funds.

LICENSING IN THE UK

By the Gambling Act, you need to get a license to provide a gambling service. It is issue for such business as sports betting, slots, lotteries, casinos, bingo, machines and software for gambling and so on. Each kind of activity requires a specific type of license.

There are two kinds of licenses: remote operating license and personal license manager. The second one is the most common type. It is issue for all operators, which have a medium or large business (more than three directors or managers in the company).

In this case, each operator who works with a common strategy, financial planning, marketing, IT or corruption fighting, needs a personal license. Every 5 years it is subject to revision.

CURRENT GAMBLING PROBLEMS

The biggest problem is the constant increase in the number of players. It is an amazing fact, as the number of sport bet decreased during the last year. So, other gambling activities are going ahead.

The other problem is gambling among minors. In 2017 Gambling Commission presented new restrictions in the sphere of marketing. All casinos were obliged to review their ads and remove bright colors, cartoon characters, animals or illustrations that can potentially interest children.

Also, casinos are prohibited to use such expression as ‘free’, ‘extra spins’ or ‘guaranteed win’. One of the newest restrictions is connect with age verification.

Now the entrance to the gambling websites is possible only due to the passport data. The owner of the website must confirm that all the users are adults and present the proofs to the UKGC if needed.

OTHER RESTRICTIONS IN GAMBLING

The UKGC also makes demands to the technical supply of casinos. For example, they need to save data on all users and their transactions, time fixation and auto-play.

All the games should generate random combinations to predict cheating. The probability of winning should not be low.

The servers and software, which are used in gambling, must undergo an annual audit. It is conducted by the independent auditors, and the results are transferred to the UKGC.

For advice on obtaining a gaming license in Great Britain, please contact our specialist.
Please join our Telegram channel in order to keep updated for the new offers.

You could be interested

CySEC STP License in Cyprus for sale

The CIF is approved by CySEC to offer the accompanying authorizations: • Foreign trade activities where these are associated with the arrangement of investment instruments • Organization of monetary instruments, including custodianship and related administrations • Execution of orders in the interest of customers • Acceptance and conveying of orders due to one and more...

Investment license in Australia

Investment license in Australia involves a wide range of financial activities. Everything related to the field of financial storage and their effective management falls here. A license in Australia will need to be issued to firms providing lending, insurance, brokers in the foreign exchange markets, and other related areas. Permission is issued by the local...

SPI license in UK for sale

Active money remittance business since 2011; Bank account in Poland and in an EMI; Own software, app almost ready; 70,000 clients. Asking price: on a request. Details: nick.b@eternitylaw.com, Telegram @beihuln Please feel free to join our telegram channel  in order to keep updated for the new offers and ready-made companies for sale. Every week we have new...

Online bookmaker license in Cyprus

Online bookmaker license in Cyprus Rating of Bookmakers This year, major changes are taking place in the legal area of ​​the web gambling industry on the European continent. One of the fundamental trends today is the introduction, practically, by each of the most significant European states of licensing. A great demand for this service sector...

Lithuanian EMI for Sale

Dormant company without any clients. Clean company, no debts&penalties. Current and segregated accounts are included. Share capital in amount of 500,000 EUR should be paid additionally. For details: Julia.z@eternitylaw.com / Telegram @juliazhil Please feel free to join our telegram channel  in order to keep updated for the new offers and ready-made companies for sale. Every week we...

Mauritius Forex licensed company for sale

To your attention ready-made Mauritius Forex licensed company for sale  Main details of Mauritius forex licensed entity: License receive on December 2020 The company has no history 2 local directors are willing to stay, 1 foreigner as well The company is ready for ownership change Bank account opening in process Asking price : on a...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Tallinn

Kesklinna linnaosa, Tuukri 19

Riga

Esplanade, 7 floor

Vilnius

Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175

Sydney

20 Martin Place

Singapore

3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7