The Alderney Gambling Control Commission (AGCC) plays a crucial role in the world of online gambling. Located in Alderney, one of the small islands in the English Channel, the AGCC is a prominent licensing body for online gambling entities, including live casinos.
Player Protection and Fairness
One of the primary purposes of live casino licenses is to protect players' interests and ensure fair gameplay. The AGCC, through its licensing process, requires operators to adhere to strict regulations regarding the handling of funds. This includes the segregation of player funds from the operator's business accounts, protecting players' money in the event of the casino's closure. Additionally, licensed operators must demonstrate fairness in their games by regularly testing and auditing their software and processes.
Regulatory Oversight and Supervision
Live casino licenses provide a framework for regulatory oversight and supervision. Licensed operators are subject to regular inspections by the AGCC to ensure compliance with industry standards and regulatory requirements. This oversight helps maintain a level playing field and prevents any criminal influence within the online gambling industry.
Enhanced Credibility and Trust
Obtaining a live casino license from a reputable regulatory body like the AGCC enhances an operator's credibility and builds trust among players. Players can feel confident that licensed casinos operate with integrity and are held accountable for their actions. This trust factor is crucial in attracting and retaining players in the highly competitive online gambling market.