The number of online casinos constantly grows and there are more and more casinos as the days pass by, and so does the iGaming Regulations. With this being said, there has to be some sort of control that will prevent the plethora of unqualified online casinos, and sites which aren’t developed to offer the required amount of user experience, a number of games as well as payment methods required. The regulations which prevent these casinos from entering the online market are constantly growing as well and are being more demanding than ever.
At the moment, the newly launched casinos, as well as the ones that are undergoing a rules and regulations check have a relatively easy job acquiring their licences, but 2018 is the year where everything will be much more sticker.
The iGaming industry is having a major problem with players who want to launder money in the online casinos, therefore, the perfect solution will be a limited deposit and limited withdrawal in a period of a month. All of the online casinos, whether they are old or new, must have strict withdrawal process, but despite this, players still manage to find a way and launder money.
This means that 2018 will be a year where the methods will become much stricter, and this will most certainly affect the players which are using the casino legally.
The so-called “Bad Casino” can now hold new accounts with an unlimited number of deposits, being an easy target for the money launders.
Less is More
Because of the growth of the number of online casinos, something has to be done to spread around the number of players that will visit the casinos. It’s obvious that the ones which are working for long years and have the highest number of games, best user experience, customer support and not so many processes when it comes to withdrawing your money will win and have most of the players, but there has to be a way to give the new casinos a chance.
This means that the new regulations will prevent the casinos from acquiring a plethora of slot games to be found on one site. At the moment, a player can go to a certain casino he feels comfortable with and finds every single slot game of the best slot producers there. The new thing in 2018 is “Rigged Gaming Software” where the number of markets in which these casinos can operate will also fail.
Some of the casinos, whether they are old or new, can easily adapt to all of these changes that are being made in the regulations, but some casinos can have a problem with the online players, regulations and the governments, which are involving themselves in the process.
The marketing of the casinos will suffer, as there will be promotional limits set to the minimum. Let’s hope these rules won’t destroy the people’s desire and ambition for the iGaming.
Malta’s new gaming regulatory framework is now also in place to keep players safe while ensuring providers take a responsible stance when providing such services.