Gambling company's responsibility - page 3.

barbara44

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

I guess you are getting confused with product licence against regulatory licence.

Software provider will give you official copy of their casino software to do business with which is like those Curacao is doing whereas to operate the casino business, you must get approval from governments to provide gambling services to a country which is again being termed "license" but for different things.

Basically if you develop your own software then you need only one license which is regulatory approval from a government to provide gambling services to their people. Software license is easily available by paying the fee whereas government license needs lots of documentation and regulatory terms to be followed to make sure that a casino will not be breaching the laws of that country.

DU18

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Quote from: dimonstration on December 30, 2021, 08:12:34 AM

Quote from: xSkylarx on December 30, 2021, 07:40:04 AM

I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.

Don’t rely much on reviews, better read here in forum those casino and see for ourselves if they have records of scam or what their pros and cons. There are many casino that are liscenced and operatesfine with good customer support, while there ar with good and plenty of games to choose from. We may not find what we all wanted in one casino alone but atleasttry to research them before putting money and see their terms and rules regarding deposit, withdrawals, kyc and how they resolve issues.

Sometimes the reviews are often just an attraction made by some people who are influencers from the casino site, and maybe even we will only see positive reviews and they actually hide negative reviews, I support what you say, because it is better for us to investigate how trustworthy they are by interacting directly with users who have been using the site for a long time.

dimonstration

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Quote from: xSkylarx on December 30, 2021, 07:40:04 AM

I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.

Don’t rely much on reviews, better read here in forum those casino and see for ourselves if they have records of scam or what their pros and cons. There are many casino that are liscenced and operatesfine with good customer support, while there ar with good and plenty of games to choose from. We may not find what we all wanted in one casino alone but atleasttry to research them before putting money and see their terms and rules regarding deposit, withdrawals, kyc and how they resolve issues.

xSkylarx

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Quote from: Sled on December 30, 2021, 07:26:46 AM

Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Maybe some had still in touch with them and maybe some will just forget their responsibility after giving the license and getting the payment. But I think this is not the reason why many gambling sites are got into trouble and become a sort of illegality, it was their own doings and it was their intention to break the rules. Because they are committed to what they sign from the agreement, they might be having good and obey the rules.

I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.

Sled

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Maybe some had still in touch with them and maybe some will just forget their responsibility after giving the license and getting the payment. But I think this is not the reason why many gambling sites are got into trouble and become a sort of illegality, it was their own doings and it was their intention to break the rules. Because they are committed to what they sign from the agreement, they might be having good and obey the rules.

yazher

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Supports are most likely the worst because most of those companies don't really want to invest in them to help their customers. Just like the Telegram group, some don't have multiple groups in their native language. some gambling customers' service might be worse than that because they are late and most of them took days just to reply to your problems. Thankfully this is not the case on exchanges because they care about the customers more than others.

Kyraishi

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

No, do not expect a Curacao licensed casino to be "regulated" in the sense that the regulator will help you seek recourse.

That is simply not the case, given their lax regulations.

I think that in order to trust a casino, a license is only a necessary but not sufficient condition. You need to DYOR and of course, never deposit more than you are comfortable losing.

Poker Player

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I doubt that the Curaçao authorities monitor anything. They are characterized by few regulations and low taxes and I'm betting something that scarcity of regulation leads to scarcity of subsequent control. Although if a scam was reliably reported, with evidence to the authorities, it seems to me that they would have no choice but to act.

There are also crypto gambling houses that operate directly without a license.

I am not a big fan of regulations but I support the authorities to force online casinos to implement responsible gaming options (and to make sure they work).

hello_good_sir

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

The licenses are useless.

It is all about the reputation of the gambling site in question, and the team that is behind the project.

This is because the regulatory authorities in Curacao is simply not going to go to the lengths of helping you get your money back if something does go wrong - they just collect the license fees and that's it.

Betwrong

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

CMIIW, but I think the main idea of those licenses is to take sorta KYC of gambling site owners.

When you play on an unlicensed platform, you can be scammed in many ways: site disappears with your money; slots and other games are rigged to significantly reduce RTP; you can't withdraw your winnings etc.
If the gambling site owners are anonymous, they can do all those things and get away with it, but if site is licensed they may face legal procedures.

Welsh

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Report them to the gambling commission, and they should investigate. The equivalent of the gambling commission might be different in other countries, but in the UK the gambling commission sort of verify things are going as they should. Often its a legal requirement to offer some sort of support in the UK, and they need to make it accessible for everyone. If they aren't like I said report them to the gambling commission, and they'll investigate. The website will either get shut down depending on the severity or have their licenses temporarily suspended until they sort out the issues.

As far as I'm aware the gambling commission does do spot checks randomly, though with the amount of gambling websites registered with them, it would be fairly impossible to do this every couple of months for each site. They likely rely on people like you, and me reporting them.

jrrsparkles

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

I don't think so, they just take money and issue license to the casino so all they need is money and casino should implement the regulations and terms as per the license. And also in thjs online gambling world its quite impossible to do that which is the reason why the players prefer the reputation of the casinos over the license they have.

rhomelmabini

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Was having a license for a crypto casino gives as an assurance that they'll not scam their customers or tend to have the best experience? I don't think so, it's more like an upfront face of legality especially if they're new and haven't proven their reputation and even those who proves it there are still cases that it doesn't meet what have agreed upon.

Coin_trader

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

Technically, They do audit and inspection before they will give license so they make sure that the casino is following the probably fair guidelines before they gave the license. Its not necessary to to inspect all the Casino frequently since it will cost a lot of resources just to do it. You can report the Casino to them if you find any malicious activity from it. Having a license will cost a lot of money so it will be a waste of money for the operator if they will broke the law. I believe those casino that claiming they have license that doing shady things has fake license.

Only few Casino will fall on the things you are mentioning on this topic.

fiulpro

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I do think the online Gambling industry is quite new in the business, therefore such laws, rules, regulations are not really in line. The license authorities already ask them to pay excessive amount of money for various sites and that's what most of them care about plus people don't even file a legal complain against them, Incase of scam or any other accusations, if the Gambling is legal in their country they should file a PIL or FIR for that matters. The government might try and take some actions against them, but it takes time and at the same time it's hard for the person to submit the required documents and supporting evidence on time. Therefore it's not taken too far most of the times. On the forum if they make a post in scam accusations and leave a feedback on the profile, most people will review that.

harizen

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

We can't take away the fact that even for a licensed gambling site, you can't expect a smooth and better experience while using them. There will be a time that a user will experience the worst experience and as time goes by, the issue will not be solved.

Make sure we are putting our risk on a site that does have a good reputation overall. With or without a license, we can bet that we are somehow treated fairly on that reputable site.

Quote from: Amuls on December 30, 2021, 02:17:25 AM

Do they monitor after giving license?

AFAIK, there's no regulatory body that monitors "CRYPTO" gambling sites in general. By issuing a license, it's somehow made that business officially legal but the future actions of that site are not monitored.

agustina2

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

The responsibility of choosing legit sites is on our side. Why choose a site that is tagged as unprofessional, untrustworthy, scammers, and do have negative reviews at every side of the forum?

In the beginning, before choosing a site, make sure that a good and deep DYOR is done.

And not because a license from Curacao has been obtained, we can put a trust in that site already that quick especially for new sites.

Wexnident

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Curacao license is a legal one, and yet also easy to obtain, much so that their license is pretty much branded to have a very weak reputation, and that well, from what I know, a few of it's policies aren't exactly customer friendly. So if you and the casino have a dispute, they won't really do much. It's like yep, they're able to do their job, but it's subpar. It works, but not really the best kind of thing. As for them doing their job, well, they still stand no? Guess that's enough proof to show that at the very least, they show that they are "doing" they're job.

Oshosondy

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Quote from: Amuls on December 30, 2021, 02:17:25 AM

Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.

One thing about life is that even the government do not care about anyone, the reason you will see the poor suffering from bullying. There are many people that are scammed by gambling companies, but no power to take action against them at times. There is an adage that says prevention is better than cure, this is because the cure may not exist or could be costly. It will be good to leave the licensing companies alone, just focus on the sites that are reputable and never use the unrecommended ones.

TinaK

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Quote from: fortunecrypto on December 30, 2021, 03:22:56 AM

If there are no complaints brought to their attention I doubt if they are going to take action, in my opinion, the reputation of the casino has more weight than the license it's displaying on their home page, reputation, and the kind of complaints lodged against a casino are the things that will make us decide if we are going to play on that casino.

I'm not an expert about casino licensing on how it works but maybe this is true if there are no complaints against them the casino regulatory licensing will not take an action to investigate them but if they often heard such fraud happen maybe there will be a revocation of license.

Gambling licenses may do their job silently because that is impossible if they don't take an action as a gambling regulator.

Topic: Gambling company's responsibility - page 3. (Read 330 times)