UK Gambling Commission and the country UK is one of the largest gambling markets. The UK license is considered to be one of the most reputable, but also expensive.
Game experts pointed out that high operating costs come with 15% tax. The cost of applying for a certificate is GBP 10,000.00, and the value of the license itself starts at GBP 25,000.00. However, the exact value is determined individually.
- Good international reputation
- Costly operations
- Medium taxes
- Transparency of business
- Protection of vulnerable persons
UK Gambling Commission
At the same time, the UK Gambling Commission effectively controls all aspects of remote gambling.
The objectives of the committee are:
- Avoid or eliminate crime or misconduct.
- Maintain the transparency of gambling companies.
- Provide assistance to vulnerable groups who are vulnerable to exploitation.
We should point out that the committee does not resolve user complaints. In any case, the brand itself is responsible to resolve any issues.
Peculiarities of legislation
The terms and conditions of UK gambling regulation are described in the Gambling Act 2005. It includes detailed information about the UK gambling business.
According to the bill, software equipment for remote gambling must be located in the UK. Another point is that any online casino or sports book that operates in the UK or advertises to British citizens can obtain a license.
There are three types of licenses related to online gambling:
- Remote Gambling Software
- General Remote Betting standards – Real events
- Remote Casino Licenses.
The bill also contains regulations on software compliance.
The regulator has the right to arrange for anyone to conduct the test on behalf of the committee. Compliance with the high standards of British jurisdictions is a prerequisite.
Therefore, the UK’s gaming industry is transparent and reliable, which attracts businessmen who want to buy gaming licenses in the country.
