Magellan Robotech CCO on New Tech & LATAM Gaming Markets
November 14, 2019
We met Christian Maglia, a personality with great international experience now working for Magellan Robotech, the B2B company of the Stanleybet group.
Gibraltar Licensing Authority is one of the most trusted licensing bodies around the world. This regulating authority first handled granting licenses for telecommunications, radio, broadcasts, and more. Come 2006, it began adding gambling activities on its list.
Since then, the commission had housed a long list of reputable online casinos under its sleeves. It requires strict and high-quality standards to its licensors to protect players and promote the best gaming experience. As a result, it is one of the most respected seals of trust in the online gaming frame.
The commission splits its gaming licenses into seven types. From among these options, you must get a license that will suit the gambling service you are offering.
The initial process of getting these licenses might involve having all members, including the owners, directors, shareholders, and more—checked. This includes getting IDs, CVs, and other necessary documents. These members must also be transparent for criminal records. Getting a Gibraltar gambling license is no easy feat but is definitely valuable.
Gibraltar is known to grant licenses only to blue chip companies. Meaning, if you want to get Gibraltar’s seal of approval, you must have a good company rep, a stable cash flow, a realistic business plan, and more, on top of the organizational documents. So, if you plan to get Gibraltar’s seal of trust, you must have the following features:
Online games are the heart of every online casino. A great game variety will definitely rake in a horde of bettors. But ultimately, one of the major factors that will make them stay is fair play. With this in mind, Gibraltar requires each title and services offered by a betting site to run through several tests. So before you can secure a Gibraltar license, reputable third-party testers like eCOGRA, Gaming Associates, iTech Labs, and more must approve your offers.
Adequate availability of funds is a major requirement for every betting site. This is to ensure that payouts and other financial obligations will be met. An online casino holds the responsibility to pay winnings or account balances with clear terms that are agreed upon by both parties.
Betting sites must follow KYC rules. That being said, certain information about players must be collected. These include full name, address, birthday, and more. And to ensure that all of these details are correct, the betting site requires identification documents like a copy of a government-issued ID. In return, betting sites must handle these details with extreme protection.
This license checks every important area of a betting site, including its ads. All ad materials and promotional activities by a betting site shall be clear and honest. Take note that this also applies to sponsorship grants. These materials should be exclusively for an adult audience. That being said, no online ads and promos must contain any links to violent or immoral content that can be accessed by minors.
Gibraltar is the home to many of the top betting sites, with the likes of 888Holding, Ladbrokes, and 32Red on its shelf. As one of the top players in the gaming scene, it is certainly one of the names you can trust.