Laws That Regulate Gaming on Online Casinos and Others
The government wants to protect participants in games of chance such as casino games, sports betting and lotteries against addiction and fraud. But also prevent money laundering through illegal gambling. That is why a license is required for organizing games of chance.
Regulated Gambling
These gambling laws are imposed by various governments across the Globe. In Malaysia, where rampant gambling on the streets is known, strict laws are being imposed on gambling in general. This means, these laws also cover online casinos that offers slots Malaysia.
Meanwhile, in the Netherlands, the vast majority of local gamblers enjoy going to the casino once in a while or taking part in lotteries. Or bet on the outcome of a football match. But sometimes gambling leads to problems. Participants then play for a long time and bet a lot of money. As a result, they may have to deal with gambling addiction or problematic debts, for example. The government wants to prevent this problem, and therefore, the government came up with stricter measures to prevent problems arising from gambling.
Reducing the risks of gambling
The government wants to protect participants in games of chance against addiction and fraud. This is done by:
Granting licenses to providers of games of chance only under strict conditions. These conditions concern, for example, the reliability of the provider and the prevention of gambling addiction. And about advertising and informing players about the risks of games of chance.
Monitoring compliance with permit conditions. To monitor compliance with other rules from the Money Laundering and Terrorist Financing (Prevention) Act (Wwft) , the Sanctions Act and the Gaming Tax Act. And finally, Enforcing action against illegal gambling.
Supervision of games of chance
The Gaming Authority is the government’s regulator of the gaming sector. The Gaming Authority wants to protect consumers and prevent gambling addiction. It also combats illegality and crime of games of chance. It is committed to a reliable offer of games of chance in a safe environment. The Gaming Authority does this by:
- Monitoring and, where necessary, enforcing action;
- Deciding on applications for gambling licenses;
- Promoting addiction prevention;
- Providing information and information to players, municipalities and other organizations.
Municipalities also have a supervisory role. They issue attendance permits for slot machines and monitor compliance with the conditions of those permits. In addition, municipalities grant licenses for lotteries with prizes and premiums lower than 4,500 euros. The organization of a ‘small game of chance’, such as bingo, must be reported to the municipality.
