Just because an online casino has obtained a license and certification of approval, doesn’t necessarily mean that they comply with the law.
Similarly regulators cannot assume that companies that have registered with them will automatically comply. In addition compliance with an ineffective rule does not make the online casino platform secure.
Close evaluation of gaming operation rules to be adopted and subsequent review of their effectiveness through empricial data or other reliable means will reveal whether the rules are effective when implemented.
So, how do we know if a casino is complying with the law, and that the rules are effective?
We discuss the attributes that make an effective regulatory framework, and what casinos need to demonstrate in compliance.
Unlicensed Jurisdiction Competition
Licensees will usually shop around with a view to finding the jurisdiction that best suits their needs having regard to political stablility, the business environment, tax regime and cost of licensing.