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License Jurisdiction Closes Online Casino in Light of Allegations

There are many people who think that online casino sites are not a safe place to spend your online time, and that notion was one of the major contributors to the enactment of the Unlawful Internet Gambling Enforcement Act. However, players and the people close to the online casino industry know that nothing is farther than the truth. Just recently, Kahnawake Gaming Commission, the body that regulates and monitors all gambling firms working under the Kahnawake license, has suspended the license of one online casino due to illegal concerns. The industry is operating under strict self regulation, and people have nothing to worry about but having fun.

Kahnawake is one of the most popular licensing jurisdictions in the world, and many of the most famous online casino sites are operating under Kahnwake’s license. If you think that the online casino industry is a cyber Wild West, then think again. The Gaming Commission has locked all of the online casino’s servers once information indicating that the principal of the gambling firm is alleged to conspire with elements connected to organized crime surfaced. Additional information circulating in the media suggested that the online gambling firm’s owners were among a group of individuals arrested by the Canadian police. Under the Kahnwake’s license, such allegation must be thoroughly investigated before operating an online gambling site is permitted. This case is an excellent example of self regulation and how the industry is fighting unwanted elements.

Online casino jurisdiction commission must follow strict laws and are subject to frequent regulation. Offering gambling licenses is taken very seriously, and players should know that sites that operate under Kahnawake and other license jurisdiction are trustworthy. The gambling world is constantly working on improving the level of security that players are offered, and this last act by the Kahnawake Gaming Commission shows just that. Make sure you play at regulated sites, and you are in for a safe and enjoying online gambling experience. Online casino is pure fun, and you should check it out before making false assumptions based on the opinion of biased people.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.