Regulation of the gambling industry is a contentious topic. In recent years, lawmakers have been debating the pros and cons of tougher measures. It is impossible to deny the existence of abuse. Still, there are plenty of reliable platforms that treat players fairly. While systems like the UKGC impose strict regulations, some operators choose other jurisdictions.
Gamblers can register on websites licensed in other countries. There is nothing wrong with it — visit this site to find out more about offshore platforms. This is the antithesis of UKGC-licensed systems. These websites are also licensed, but abroad. Here is how offshore gambling works.
Definition of Offshore Gambling
These websites have no presence in the players’ countries, and they are licensed elsewhere. Do not misconstrue them as bad apples. You may encounter unethical operators, but they are in the minority. The key motivation for moving operations offshore is the desire to circumvent tough regulations.
Unfortunately, offline jurisdictions get a lot of bad rap because of unscrupulous operators based in the Caribbean. A few rogue websites have tarnished the reputation of such licenses forever. So far, nothing has been done to improve it. In locations with the toughest restrictions, casinos with these licenses — even reliable ones — have been outlawed. This is true for countries like the US, Canada, and Australia.
Definition of Licensed Gambling
So, what are licensed casinos like? You won’t find much difference in terms of games or graphics — their content is supplied by the same development studios. The operators themselves are rigorously checked before issuing a license. If a website violates the rules afterwards, it is penalized, and the license may be revoked. The monitoring entities consider requirements like:
- compliance with local standards of operation;
- compliance with technical requirements to ensure fair play;
- transparency of money transfers;
- protection of members from problem gambling.
Offshore vs. Registered: UK Experience
All casinos registered in the UK are now part of a self-exclusion system called GamStop. Its purpose is to help problem gamblers overcome addiction. UK banks also ban gambling-related transactions at their clients’ request. If players want to leave the system earlier than planned, the only way to do it is by registering on an offshore site.
While tougher restrictions are designed to enhance safety, they have a flipside. Websites licensed in the UK have additional costs for the sake of compliance. As a result, they often have smaller bonuses and rewards.
The Bottom Line
Many gamblers are wary of offshore platforms, but one should not generalize. A foreign license does not make a casino rogue by definition. With caution and attention to detail, you will make the right choice. Check platforms with professional casino reviews and user forums to find a casino you can count on, even if it is based abroad.