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Is My Money Safe In My Slot Site Account? 

Slot site casinos have come a long way since they were introduced in 1996. Back then, the first online casinos were not slot game focused and this was because there was only one virtual video slot on the market called Reel Em In by WMS. However, the success of this and the virtual video slot concept in general, caused an explosion of slot sites to hit the Internet. The obvious benefits of these were more choice for punters both in online casino establishments and in games like Burning Desire to play. The popularity of online slots sites took everyone by surprise and eventually opening a slot site was the new big thing to do in gambling operations. 

The problem here was that eventually online gambling became a free for all that needed regulating and licensing. This was highlighted by the increasing disputes between punters and casino establishments that chose to play by their own rules. To bring some order into online gambling, the UK Gambling Commission was created. Now this body licenses and regulates all forms of gambling in the UK. Many other countries experienced similar problems and introduced similar regulatory bodies. 

The Benefits Of A Commission 

Having a highly regulated gambling industry has its advantages and most of them favour the punter. Games and other gambling products are tested regularly for fairness and this is important for consumer confidence. Casinos cannot make up rules that only suit themselves anymore and instead have to abide by set rules and regulations if they want to be allowed to operate at all. Punters can turn to the commission and other bodies if they feel that a casino has treated them unfairly. Most disputes are financial in nature and involve casinos not paying punters their winnings. Other third party organizations can also help resolve problems satisfactorily. 

Other Advantages A Commission Can Bring 

Casinos have to meet other standards to be granted a license and these mostly revolve around the safety of player’s winnings and deposits.  A proper licensed casino will use SSL 128-bit encryption state of the art security software to protect sensitive data such as bank account details. This software also protects individual accounts from being hacked and this means that money and personal details remain secure. Therefore, cash can be held in casino accounts for some considerable time until punters decide whether to play on or bank their winnings. 

In 2016 the UK Gambling Commission made cash in casino accounts even more secure when they introduced a new rule that all casinos had to abide by if they wanted to be granted a license. From 2016 onwards, all casinos now have to keep customer cash and casino cash in separate accounts. This prevents casinos from using customer cash for everyday business operations and expenses. Furthermore, should the casino go bust, all customer cash remains secure and is freely available for customer to withdraw before the casino disappears. This has also been implemented to prevent criminal activity such as money laundering.

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