It's not but it should be. If a gambling site is properly checked, we don't have to worry about anything. But do imagine a gambling site registered in a corrupt country where the government would like to accept and approve license applications so that he could put more in his pocket.
Reputation and roots will always be the best guarantee but still, we don't know when a gambling site will end. So, the better choice would always be just to gamble the money that we can afford to lose and not keep it in their wallets or in their vault. Keep our money in a more secure way. Treat gambling sites like an exchange. Not your keys, not your coins.
I remember one moderator of a gambling site saying that whenever we deposit money in the online casino we are taking out the rights that it is our money until we withdraw it again into our own wallet outside the online casino or sports bookies. I think what he said is true. It's not ours anymore until we take it out. We trust their service in gambling but never trust them like a hard wallet that would keep your cryptocurrencies forever because there's always an end to their service.
Topic: License: is it a guarantee? - page 2. (Read 530 times)
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Most of the countries that license online casinos don't have control over the financial operations of these betting firms. What they do is to issue guidelines that these casinos must abide by and the casino risks losing such licences if they fail to comply with these provisions. So many casinos have lost their licence because the licensor withdrew them due to an infringement in the terms of the licence. Most of these licencing countries use this platform for mainly economic reasons.
Some scam casinos can raise funds to get a license with the intention of defrauding gamblers. Immediately they get to the target and have covered the funds they used to set up the casino, they can close down with gamer's deposits. Licence is used for publicity because customers usually have confidence that a licenced casino is trustworthy. I will summarily state that registering with a reputable licensor is not a guarantee that a casino is reliable. We shouldn't keep large funds in the casinos and we should also do our research.
That's because the countries that give licenses to casinos don't have any relationship or cooperation with the casinos. Hence, they wonder if there are things that the casinos do that can cause their users to experience difficulties or problems. Regulators can revoke the casino's license but will see what kind of case the casino faces. If the violations are too serious, the regulator will immediately revoke the casino's license to avoid causing more problems.Some scam casinos can raise funds to get a license with the intention of defrauding gamblers. Immediately they get to the target and have covered the funds they used to set up the casino, they can close down with gamer's deposits. Licence is used for publicity because customers usually have confidence that a licenced casino is trustworthy. I will summarily state that registering with a reputable licensor is not a guarantee that a casino is reliable. We shouldn't keep large funds in the casinos and we should also do our research.
Scam casinos have the goal of defrauding the gamblers who register with them, and they get the license to convince the gamblers that they are a legitimate casino, even though that is not the case. We as gamblers must be careful in finding the casino and not just register because there is no guarantee that if we do that, it will provide us with security when gambling. A casino's license shows that the casino is supervised by regulators so that the casino cannot do things related to illegal activities. But if it is a scam casino, it will gradually show its intentions openly. They do not want to solve the problems faced by their members.
I have read complaints about gamblers not paid for their prizes and jackpots or not paid fully. There are also others who are banned or whose accounts are suspended and their funds locked. I think most, if not all, of these complaints are against casinos and betting sites that are licensed.
Even here in the forum you can read such complaints. There are even scam accusations because of such experiences. But the casinos they are accusing or complaining against are all registered. I doubt that these complaints and accusations are all false. Some of them might be true. So although gambling in registered casinos is the right thing to do, it isn't a guarantee that you will have a perfect experience.
Even here in the forum you can read such complaints. There are even scam accusations because of such experiences. But the casinos they are accusing or complaining against are all registered. I doubt that these complaints and accusations are all false. Some of them might be true. So although gambling in registered casinos is the right thing to do, it isn't a guarantee that you will have a perfect experience.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
Theoretically, a casino license is a legal document that allows a gambling establishment to operate in a specific jurisdiction. The license ensures that the casino complies with the regulations set by the licensing authority and provides a fair and safe gaming environment for players.
But in practice, a casino license guarantees very little protection to the player, as it all depends on how regulated casinos are supervised and also on what actions regulatory agencies or governments take when they receive a complaint.
Obviously it is always preferable to bet at a licensed casino, but players cannot believe in the illusion that this solves all trust issues between casino and users.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam its customer's going forward.
The closest thing to a guarantee you could have is on LG products or perhaps Hisense where you get an offer or reinstallment within a designated pattern of damage and within a period as well. Even that plays around a T&C.There is no guarantee to anything my friend, not even life itself has got a guarantee on it. License doesn’t really stop a casino or sportsbook from perpetuating some serious crime but, it becomes some means to ensure they don’t or maybe have them been called upon.
There isn’t anything wrong with banking on the license of a company for trust, at least, having a license proves you give some cents on your company than not having one.
Your better off with a licensed company than one without a license.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
The license doesn't guarantee that a casino will likely be turned into a scam. We can't use that as a reason why we should use a new site. But as a gambler, we want to only choose those casinos that went through licensing. At least they made an effort to do that lol.
Anyhow, as long as we talk about new sites, always be cautious about using them even if they are licensed ones. We should test the waters on new sites with a vigilant approach. Know the terms, know the rules, and know anything else that can be used against us once we get a big win playing at those new sites.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
I think there are a bunch of licences that casinos can obtain and in order for someone to judge whether that license is something good, I think you really need to study the meaning of those licenses and how significant they are within the gambling industry. But whether it is a guarantee against being scammed? No way, I think there are so many shenanigans a casino can pull off if they really want to deny any withdrawals and so on. If you go with long established casinos, that's probably the best you can do to reduce the chance of getting scammed to a minimum.
does a license guarantees that a casino won't scam it's customer's going forward.
A license does not guarantee a casino would not turn out to be a scam but on the option of a casino with a license and a casino without a license the wise gambler should obviously choose to gamble on a casino that has license because he shows that they have some level credibility and can be more trusted than a casino with no license. Gamblers should not completely trust any casino or betting platform that they gamble on occasionally, they should conduct a form of summary of how the gambling has been in this casino and gambling platform, check the reveiws and complaints from people like you who also use the platform so you know if you continue gambling there or not. Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
Not a guarantee but at least having one shows that the casino is somehow true to its intent to be one of the legitimate casinos out there.
Once a casino gets a license, the identity of owners and staff is provided. At least if the scam happened, they can't just hide easily.
And, licensed or not, are you comfortable playing at any unlicensed casinos?
If its a physical casinos then having a license can be a guarantee that you are dealing with the legit casinos..
That's given, physical casinos cannot operate without license because they are obviously can be seen from anywhere on that area... a scam because a we all know even the top exchanges can turn into a scam so the risk will always be there.
This might off topic but what top exchanges turn into scam can you mention it?I think license is something that gives you the rights to operate your business. I think without the license you will not have the permission to continue your business.
For physical business yes especially a big business, but online business no. Some casinos online don't have license but can still operate this statement is already wrong. 
Some users said it's give additional security, verifiable fairness, legitimacy etc, when to obtain the license is easy, just fill the forms and pay some money, that's.
In that case it's important to check the license providers of a certain gambling sites. I know there are plenty of license providers out there that doesn't have a good reputation, so it's one thing that has to be considered.
I don't think there's not much difference though, and majority are looking for curacao license because it's cheap and easy to get. And it seems that curacao is just approving every licenses they get as long as they are paying that money and that's why we've seen a lot of casinos under their license but it's not a guarantee as the majority have said already.
As a gambler, we should check if the lisence provider is reputable, and if the casino is reputable. If theses two are present, then I can say that it will help give you additional security as license provider have some standards to be followed before they'll issue a license.
I think majority don't check it, until they can scam or not. However, we know the boards that we can check every casino that has somewhat a reputation here and then we can start there. So there is a pros and cons of having a curacao license.
But there is also one license that maybe operators might be better get, it's Malta license.
I think license is something that gives you the rights to operate your business. I think without the license you will not have the permission to continue your business. It has nothing to do with guarantee. It does not provide any kind of insurance to the gamblers that they won't get scammed by the platform. I think the platform will face some kind of consequences for the license, but the gamblers do not get any kind of insurance from it.
Gamblers choose those platform with license thinking that it ensures an extra layer of trust. But in reality it does not do anything to the gamblers. But when you have the option to choose a platform with a license, why would you choose some shady platform that does not have it?
Gamblers choose those platform with license thinking that it ensures an extra layer of trust. But in reality it does not do anything to the gamblers. But when you have the option to choose a platform with a license, why would you choose some shady platform that does not have it?
as far as i know, a license is useful to state that a casino has met the regulations and compliance with the authority where it is licensed, so it will not guarantee that a casino will not scam players. but playing at a casino that has a license can give players a sense of security and comfort, because they will be protected by the gaming commission where the casino is licensed. usually the gaming commission will regulate responsible gambling practices, the protection of customer funds, and the steps necessary to ensure that the games provided by the casino do not harm players.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
It doesn’t guarantee that casino won’t scam but it will give you a little bit peace of mind since the casino is regulated by a licensed provider which means you have a chance to file a case and other legal once you encounter a problem compared if you are playing on a casino that doesn’t have a license since you have no means to contact the owner once they decided to run.
License is a must now that there’s already a lot of established casino with licensed that offers a better service. Although there’s still casino that still committing selective scamming despite they have a license but it’s worst to choose casino without license because even casino with license commit scam too.
There’s no such 100% no scam guaranteed casino but there’s a lot of casino that is reliable for a long time that has a license which you can use as basis on deciding what casino to use.
Online gambling casinos run the casino with valid license with KYC verification but if they want to cheat then this verification will not be much of a factor for them. If they have a plan in mind to commit fraud then they can use wrong information in their KYC verification beforehand. If KYC verification is done with wrong information and license is done with wrong information, then even if such online casinos cheat, the police will not be able to identify the real culprit. Like the risk of losing money in gambling, another thing is the risk of the casino sites cheating.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
If its a physical casinos then having a license can be a guarantee that you are dealing with the legit casinos.But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
If its in crypto casino, there's still risk and its not guaranteed that the site will not turn into a scam because a we all know even the top exchanges can turn into a scam so the risk will always be there. Remember not to use any crypto casino as your wallet to save crypto because it is not advisable and you still have no control on that wallet.
It is not of course, have you seen some reputed casino who builds their reputation for how many years yet become suspicious and then scamming it's users? Scam accusation boards are lot of them especially the casino representative who has lots of negative feedback.
Even though it is not guarantee that casino will not become scam, but it still important on who and what casino you should use, although it is not bad to use unlicensed casino depends on different factors like reputation, but having a license is still very important on what to use especially if it's a new casino.
That's even many casinos have a long reputation but they ignore the suspicions raised on the accusation board even though the casino has a license, so indeed this is no accurate guarantee.Even though it is not guarantee that casino will not become scam, but it still important on who and what casino you should use, although it is not bad to use unlicensed casino depends on different factors like reputation, but having a license is still very important on what to use especially if it's a new casino.
We always look at other factors especially new casinos launching in the near future, surely we as casino users will have a thorough including looking at the licenses listed, if not then we will ask why the casino does not do that as a validity including in general casinos.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
I would like to answer two points in your post:But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
-First, licenses can give part of the credibility to the casino, but there are other elements that must be integrated to say that this is a fair casino or not. In many cases, licensed casinos turned into scam projects, and the users did not realize that they chose the licensed casino in order not to lose their money.
Licensed casinos are subject to monitoring of their activities and legal accountability in cases of complaints. This is considered good, but not a complete guarantee.
-Secondly, it is possible to manipulate to obtain these licenses, and there are countries that have laws that grant these licenses easily to any company that wants to operate in exchange for paying taxes. These countries are like tax heavens for money launderers because in cases of complaints or suspicions, there are no legal consequences or serious accountability. That is, the issue of licenses is not evidence of any guarantee, especially since most users do not know anything about the types of licenses or how to obtain them.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
Having a license gives a slight advantage over a casino without a license by creating the illusion of reliability. In fact, what guarantees can there be when you give your money into the other hands? Be it a casino with or without a license, and the same with exchangers, landing platforms and the like. The license will not protect you in any way if the owners of the casino decide to scam, go bankrupt (if applicable to the casino), or simply don't want to give up your money under one or another flimsy pretext (starting from passing KYC and explaining the origin of the funds). But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
Almost every gamblers notably those that make use of online Casino's for their gambling have the notion that except from a license owned casino they don't use any casino without a license, which I think is a cautious thing to do.
But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
Well, at first if your casino doesn't have one and want the community to require that may seems legit but still that doesn't make a guarantee or even if they'll start with having one. You may have that notion that it is but it isn't a full proof that they will not scam their customers. We've seen in the past that even those who has multiple licenses will still rug and that should be taken into account to all gamblers. But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.
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