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Types of Licenses for Online Casinos & Top Licensed Casinos NZ

To legally operate in the industry of online gambling related to online casinos, lotto, poker, bingo, and sports betting it is mandatory to obtain a license. If a casino does not provide a license, we do not recommend you to take part in it, since the operator cannot ensure the safety and do some operations. For example, it’s not possible to open a bank account and use pokies and table games by popular software providers. Since casino operators need to make an agreement using software, however, without a license it’s not possible. In addition, casinos with a license often get a lighter tax regime and other benefits.

Top Licensed Online Casinos

Jackpot City

NZ$1600

Welcome Bonus


Spin

NZ$1000

Welcome Bonus


Platinum Play

NZ$ 800

Welcome Bonus


Cosmo

No

Welcome Bonus

Royal Vegas

NZ$1200

Welcome Bonus

Types of licenses for online casinos

If you need more licensed casinos check out the Top 10 online casino

However, it does not mean that casinos with licenses are available in all countries. Many countries prohibit any type of online gambling activity, including casinos with reliable licenses. In addition, local legal regulations change regularly and if today online casinos are legal, tomorrow they are all banned in the country. For example, in 2017, Australia was considered the most gambling country in the world. They were spending over $8 Billion dollars each year playing online casinos. However, in the same year, Australia has introduced Amended Interactive Gambling Law, which prohibits foreign online casinos without an Australian license. It has led to a massive loss of foreign gambling operators in Australia.

Licenses in online casinos increase the confidence of players, removing fears about fake casinos with customized Random Number Generators, and RTP rates of slots. This is due to the audit independent organizations that check the fairness of random operations and issue certificates of conformity. It’s necessary to check for such certificates in the site’s footer. As experienced gamblers, if we see a new casino, we always scroll down to the page to see which licenses and certificates the casino has. And then open the official site of the regulator and find out if there is our casino on the list.

Most reliable online casino regulators

Many online casino owners carefully choose between reliable jurisdictions. It should be reputable and valid in many countries. The list of them is not large, however, most well-known online casinos in the world have licenses of one or several of these jurisdictions.

Curacao

This small island in the Caribbean has many advantages. For example, it has zero percent on casino profits, low-cost service, and fast registration. Casino owners are required to put their own server on the territory of Curacao. Generally, the online gambling industry forms a huge share of Curacao’s economy. That’s why they provide an attractive tax system for casinos.

Kahnawake

There are thousands of players in Canada who love gambling. It’s due to the loyal attitude towards gambling at the legislative level. The Kahnawake Gaming Commission was established in 1996, with one of the functions to issue licenses for online casinos. Kahnawake license takes a service charge of $65,000 to get the license for the first time, including a $40,000 fee in the first year, a $15,000 technical review cost, and a $10,000 fee to renew the license annually.

Malta

Malta Gambling Authority issues 2 types of licenses (B2B and B2C) for a period of five years. This is one of the most difficult licenses to get. Online casinos with Maltese licenses have a solid reputation of a reliable operators. They are on the “white list” of the UK Gambling Regulator, which makes it possible to provide service to British players. MGA supports the Responsible Gaming Authority, which ensures players’ data protection.

The licensing procedure takes place in several stages. First, the MGA considers the application for a few weeks and then issues a temporary license for 6 months. After that, they check the casino’s operations and make the analysis. Based on the results, it decides whether to issue the license or not. If everything is good, they issue the license for a period of 5 years. The tax rates depend on the casino’s income. On average, it ranges between 0.55% to 1.25%.

Gibraltar

To receive a gambling license from Gibraltar, the casino’s owner should provide proof of the financial stability of the company or a business plan. Also, casinos which want to get the Gibraltar license must be ready to conduct transactions such as payout of winnings through the Gibraltar banks. The license fee is %1 of casino profit, but not less than $85,000 per year.

Conclusion

Licensing is one of the most important legal aspects of operating an online casino. It attracts players with full transparency, security of financial transactions, and the overall fairness of casino operations. It makes players loyal to your place. Therefore, the player will be sure in every spin, every deal of cards behind the poker table, and a fair random number generator. We should tell that all casinos under these jurisdictions are legal for New Zealand players. Moreover, players can always make a complaint about the casino to the regulator. In such a scenario, the casino may lose the license, and earn a bad reputation among gambling lovers. So, with a license, there is no place for fraud and customizations of gaming software.

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FAQ

NZD, simply, is an abbreviation of the New Zealand dollar. NZD is a national currency in New Zealand. You should also know that any online casino that accepts the New Zealand dollar is known as NZD online casino.

Online gambling is a challenging thing that is even ending in failure and addiction for some people. So, before you start playing at casinos online, make sure that you are not prone to addictions and take responsibility for your actions. I recommend making this decision only if you feel right about it. After this you have to consider some more points before actual start.

Important points:

  • Is it legal? You need to check if online gambling is legal in your country. Otherwise it may cost you a sentence. However, there is a little hint. Even though the online casinos are prohibited, there still can be a chance to play at international gambling sites. Check if it’s right for your country. For example, New Zealanders can’t play and open an online casino within their country, but they can gamble at international ones based in Malta or Curacao.
  • Real or scam? The most important decision is to choose the online casino. There are many scams, or fake casinos, that just take your money and never give back. On the other hand, there are good right casinos online. They are licensed and have their activity officially registered. If you have trouble with searching for the right one, we have already cared about it. Check our relevant articles about safe casinos online that are also acceptable in NZ. Then you can be sure there is no risk of being deceived.
  • Free games are everything! When you just start your experience at the casinos, you have to start for free. There is no need to deposit until you figure out what online gambling is at all. Begin with a free mode. Some casinos don’t even require registration.
  • It’s time for a bonus! As soon as you are ready to continue with real money, go sign-up. Generally, gambling sites offer impressive deposit bonuses for beginners.So, use this opportunity and claim for the one. In advance, read the terms and wagering requirements. You’ll have to follow them.
  • The game makes sense. Remember that each game is different. Not only in the type and rules, but also in the theoretical return to player. To be more exact, you need to select a game with a higher RTP (over 95%) in order to get a bigger win. Usually, the high RTP games are table like poker, favourite roulette, blackjack or ever-known baccarat.
  • Use strategies. Although all games are random, people are still trying to find some consistent pattern. Besides, they think over strategies of betting. If you try to follow some strategy at table games, for example, it may result in an advantage by the end.
  • Finish on time. Just at the moment when you hit a big sum, close the game. Yes, you have to unless you want to lose everything. Understand that you’ve had enough for today and continue next time. Taking a break at the right time is the secret for successful gambling.

Conclusion

All in all, even considering all these tips for the beginning of your gambling career, remember that your luck is the key. Each game is absolutely random and the result depends on your luck only. Sometimes you have big luck and win, but whenever you feel that you luck goes away, stop playing and quit for a better time.

Go to the official site of the gambling platform, go to the lobby with slot machines, choose any of them and select the “DEMO” mode.

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