License: is it a guarantee? - page 3.

Johnyz

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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.

This is not a guarantee but at least it can give you a peace of mind and usually the top casinos today have their license secured and that's why many gamblers preferred to gamble with them and we cannot blame them not to trust casinos without a license. Personally, I always look on their license because it shows how committed the site is especially on securing their players and proving that they are legit business and here to stay. The risk is still there so make sure not to put too much money on any casinos, better to play and withdraw all the time.

robelneo

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

Every time there's an accusation against a casino here I never ask or wonder why they scam when they have a license because it's not a guarantee that a casino will not scam, this is their seal of compliance that they can ask for KYC to their clients based on the terms on Anti Money Laundering but anytime if a casino is losing money they can scam their players and eventually shut down and those who they scam need to present their accusations on the court and some courts that the casino platforms have chosen are favoring them.

You can ask a newly launched casino about a license but you should not become comfortable that they are not going to scam because of their license, so be vigilant and take each accusation seriously, that's a hint that something bad is happening in the casino you're playing.

PX-Z

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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.

Yamifoud

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Quote from: Apocollapse on December 28, 2023, 09:21:23 AM

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.

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.

Apocollapse

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It's funny to see most users are replying "No, but bla bla bla etc"

I mean, it's obvious license has nothing to do with the casino's reputation and doesn't improve anything.

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 game house fairness depends on the casino, while slots fairness depends on the gambling providers.

knowngunman

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Quote from: angrybirdy on December 28, 2023, 06:37:11 AM

For me, I think this is not a guarantee to think that we're safe, License is one of the requirements of a casino to our government to operates in a legal way, and that doesn't mean they won't fool us, Besides we don't know what their associates are doing behind the casino company. We all know that sometimes even those well known and legit gambling casinos still have problems like fraud and scams.

It's not actually but in as much as license is not a guarantee that casinos are 100 percent safe, it still a positive sign after all because licenses provide some level of protection for players and the regulatory bodies have the power to revoke their license and impose fine on such casinos who engage themselves in any illegal practices. Sadly, the regulatory bodies do not care any longer because they are after the pay and as long as the casinos are complying with their payment terms, they will deaf ears to users complain and pretend to know nothing about the scam accusation.

Based on that note, license doesn't guarantee that casino is is completely safe and secured despite they are being registered and regulated by the government. Some of them are out there purposely for scams and fraud. As a player, one needs to be cautious and one important thing is to never store your funds in casinos account for a longer period.

Lida93

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Quote from: YOSHIE on December 28, 2023, 08:31:54 AM

Quote from: Lida93 on December 27, 2023, 12:49:32 PM

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

As far as I know, a license is not to be used for fraud and cheating in the gambling industry. A gambling license is to have official permission from a government authority, where the online casino operating looks legal, that's a licensing point of view.

This is different from acts of fraud or cheating, generally the casinos that operate here have a license in general, but we still see negative things, whether for users or the casino itself, conclusion: the license does not guarantee you a loss, the license is only to act as a site that is officially recognized by all elements, especially users, who want to bet at a particular casino.

It is not to be used for fraudulent practices against the customer's but some casinos still go on scamming their customers despite having a valid license. Some of them do it in a cloak they may not exercise these scamming act outrightly like denying customer's of making withdrawal of their winnings, it could be done through probably unfair gaming system, technically taking advantage of their customers.

The issue with the government that have led to increasing number of scamming casinos including with those that have government valid license is that the government have felt so relaxed and reluctant to act with full force of the law against these erring casinos maybe due to the huge taxes they are receiving from the gambling industry. But it's left for the gambler to safeguard himself from being victimized by making used casinos that are well known for their long time reputation in the industry and not just only base on license validity.

YOSHIE

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

As far as I know, a license is not to be used for fraud and cheating in the gambling industry. A gambling license is to have official permission from a government authority, where the online casino operating looks legal, that's a licensing point of view.

This is different from acts of fraud or cheating, generally the casinos that operate here have a license in general, but we still see negative things, whether for users or the casino itself, conclusion: the license does not guarantee you a loss, the license is only to act as a site that is officially recognized by all elements, especially users, who want to bet at a particular casino.

Die_empty

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Quote from: ethereumhunter on December 28, 2023, 08:13:06 AM

Having a license does not guarantee that a casino will not cheat its customers in the future. But if a casino has a license and can provide services that satisfy its customers, the casino will gain a good reputation over time. It can become one of the casinos that many people will recommend. But reaching a trusted casino is not easy, and it is not enough to have a license. Casinos also need to do many things, such as promotions and interactions with their customers through their threads on this forum or other forums. We as customers also have to be careful in choosing a casino because there are no guarantees for us. And to prevent bad things, we can only limit ourselves to gambling.

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.

ethereumhunter

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Having a license does not guarantee that a casino will not cheat its customers in the future. But if a casino has a license and can provide services that satisfy its customers, the casino will gain a good reputation over time. It can become one of the casinos that many people will recommend. But reaching a trusted casino is not easy, and it is not enough to have a license. Casinos also need to do many things, such as promotions and interactions with their customers through their threads on this forum or other forums. We as customers also have to be careful in choosing a casino because there are no guarantees for us. And to prevent bad things, we can only limit ourselves to gambling.

Natalim

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Quote from: angrybirdy on December 28, 2023, 06:37:11 AM

Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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.

For me, I think this is not a guarantee to think that we're safe, License is one of the requirements of a casino to our government to operates in a legal way, and that doesn't mean they won't fool us, Besides we don't know what their associates are doing behind the casino company. We all know that sometimes even those well known and legit gambling casinos still have problems like fraud and scams.

That's why there's never a guarantee that a casino would not cheat us because they have the license. I think we have plenty of casinos that has a license and yet they don't have a good reputation, still they won't be able to attract gamblers. And not all license casinos does not scam their customers, some are scamming customers but customers sometimes does not puruse to file a legal action, and that's the reason why they are still operating legally.

The most important is, reputation, then License.

Wexnident

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

~

I think this has been asked quite a few times already, I remember this was asked just like a month ago or so tbf. And as I've always said before, a license, especially if it was a curacao, isn't a 100% guarantee. It's some semblance of reputation to the casino itself, but as I've researched a couple of months back about curacao, it's really bloody easy to get one to the point where it's reputability has come into question quite a few times before. Nonetheless, it's still used by major casinos hence why I think it still holds onto that semblance of legality.

You can probably choose casinos that are licensed to be safe, but do your own due research still with it as well. Don't just play on it immediately after seeing a license.

khiholangkang

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Quote from: Cantsay on December 27, 2023, 12:52:13 PM

Quote from: Lida93 on December 27, 2023, 12:49:32 PM

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam it's customer's going forward.

No, it’s not a guarantee.

Take 1xbit.com for example, it is a licensed casino but that did not prevent them from their scammy activities and the same goes for other casinos that have being labeled as a scam in this forum but yet have acquired their license.

In my opinion, it can be said yes or it can also be said no, even so, 1xbit is a stain on casinos that have a license because they commit fraud on many of their members.
But with a license also as confirmation that they are legal, and their casino operations are in a state place, but when talking about guarantees or not, I also do not deny it, that there are many incidents of any company when it already has a license committing fraud.

If asked whether the license is a guarantee or not, I also have the same opinion as you, namely "No", the license is only a sign that they are registered and under certain government regulations.

angrybirdy

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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.

For me, I think this is not a guarantee to think that we're safe, License is one of the requirements of a casino to our government to operates in a legal way, and that doesn't mean they won't fool us, Besides we don't know what their associates are doing behind the casino company. We all know that sometimes even those well known and legit gambling casinos still have problems like fraud and scams.

TopTort777

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Quote from: Huppercase on December 28, 2023, 05:56:00 AM

Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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.

Scam is different from officially knowing a casino and by official, the company is given a green light to operate without any problem or possibility of been sued. When a casino is licensed, it means the that the government recognized them as a business enterprise with aim of serving a particular purpose and as such they will in return pay task for in the place where they are been recognize and no anyone can come for them but if the are not license and they keep operating in such place, the government can sue them for good and be force to pay them.

However, a company is licensed doesn't mean they can't scam. I have seen people one time flood a particular casino and sportsbook on Twitter for not allowing them not to withdraw money, they resolve the issue of some but there are some people that are yet to access their money because the platform claim the games they played was leak and was an insider work but people that played some of them don't even understand anything that was going on, just play and won but were denied that payment. I wonder if the government has lawyers that fight them or they are afraid that they will run and they might not get the taxes again.

That license and government recognition does not mean anything. Find 20k, find a homeless guy to register a casino on him and you are ready to scam people. Here in Europe you can register a company with 10 EUR fixed capital, pay some fees and you are ready to go to bank, open account and start money laundering (but that wont last long), or get money from creditors and go bankrupt.

First I thought that licenses cost 100k, or you have to get a license for every slot/table you have. But as Kemarit posted, 20k and you can open a new casino every day. What can government do, if casinos bank account is empty? Freeze empty account? Sue someone? I dont think they would put in jail that guy for not paying taxes (that what government will only care about).

Ruttoshi

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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.

You can never tell who is a scammer because they will dress gorgeously and speak good English, that doesn't mean that the outlook of that scammer will change him from scamming his victims when he sees them. Likewise with a casino, a casino will have every legal right and license to operate so that they can gain the trust of people and before you know it such casino can scam their customers.

It depends on the casino operators, how transparent they choose to be with their customers, which means it depends on the individual mindset towards opening the casino. If the owner lunched his casino to scame people, that is what he will do, and if he opens the casino to allow people have fun and entertain themselves without thinking of scamming his customers, this is how the casino will operate.

I have being in this forum for some months now and most casinos are always having scam complains by forum users here, some casino solves their problem and some don't, and all of them have license from the government.

Huppercase

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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.

Scam is different from officially knowing a casino and by official, the company is given a green light to operate without any problem or possibility of been sued. When a casino is licensed, it means the that the government recognized them as a business enterprise with aim of serving a particular purpose and as such they will in return pay task for in the place where they are been recognize and no anyone can come for them but if the are not license and they keep operating in such place, the government can sue them for good and be force to pay them.

However, a company is licensed doesn't mean they can't scam. I have seen people one time flood a particular casino and sportsbook on Twitter for not allowing them not to withdraw money, they resolve the issue of some but there are some people that are yet to access their money because the platform claim the games they played was leak and was an insider work but people that played some of them don't even understand anything that was going on, just play and won but were denied that payment. I wonder if the government has lawyers that fight them or they are afraid that they will run and they might not get the taxes again.

TopTort777

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Quote from: Kemarit on December 27, 2023, 02:03:46 PM

As others have said, it's not a guarantee, and I can say that it's not that expensive to get a Curacao License to start your online gambling site.

Never thought that licenses are so cheap. Really, with millions in turnover, taking 10-20k is just unnoticeable. 10-20k - and these are expenses if a person wants to start all from the scratch. I am sure that there are already pre-made or out-of-the-box solutions. Or previously created, ready to go businesses. Turns out that license does not give any guarantees at all. I can compare it with cooper membership here. Projects buy it to look more reliable, yet can easily turn scam.

gunhell16

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Quote from: Lida93 on December 27, 2023, 12:49:32 PM

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 think it's also not a guarantee that it can still be said to be safe because if the owner of a casino is greedy for money, it will still be able to rob the gamblers who trust their platform. I have seen many such things here in the field of crypto gambling.

One of the things I saw there was 1xBit; it was considered a regulated casino, but what happened was that they still managed to cheat their client users. There are other casinos like this that also created another issue where there was a withdrawal issue. Even if no violations were committed, it is shown that there was a violation. That's what you know if other things happen.

Natsuu

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While having a license is a good sign that an online casino is legit, it doesn't mean you're totally scam-proof. Licenses set some standards, but there are still shady operators out there. To play it safe, it's smart to check out reviews and what other players are saying about a casino. Go for the ones that have a good rep and make customers happy. It's not just about the license, it's about the whole vibe of the place.

Topic: License: is it a guarantee? - page 3. (Read 533 times)