Topic: License: is it a guarantee? - page 6. (Read 504 times)

I guess it can be a two way thing because a licensed casino is what verifies the casino legality to some extent while unlicensed casino can be a copy cat of the original site used by scammers to defraud gamblers and in the other hand the casino can be licensed and still fall short in terms of meeting the needs of their customers due to many case scenario that might warrant gambler or reviews to actually tag the casino as a scam site.

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.



https://gbo-licensing.com/curacao-gaming-license-fees/

I mean this business involves millions of dollars I reckon to start, and so paying like $10,000 or more as gambling license is that small. And it's easily be accomplished and even it's annual and recurrent charges are not that big.

So maybe those who obtain licenses and then becoming a scam? they could have made that money already.

Definitely not. There were cases of scammers using gambling licences from countries like Curacao. I'm not an expert I'm not sure how hard is it to acquire such a license or how much it costs, but check any casino reviews website and there are horror stories of scam casinos with Curacao license so it's probably worth it. 

in my opinion the license is only for the US government not to come and learn the casino and confiscate people's funds claiming that the casino operates without a license and does money laundering, funny that licenses are not issued by the US government, they are issued Curacao government, the US government has a lot of rules and that's why they don't give licenses to online casinos, but from what I see they are not tough when the casino has a Curacao license and is not dealing with US citizens or is not causing problems like don't ask for kyc. So it is important to have a license, just for regulatory reasons. the government of curacao doesn't care if the casino respects customers or not, the government of curacao doesn't care about scammers

From what I see, the Curacao government only grants licenses and then forgets who they gave the license to. I've never seen anyone say that the government of Curacao has punished a scam casino and the owner of the scam casino. But if it were the USA or the European Union that issued the license, then we wouldn't see scammers creating casinos and disappearing. By this I mean that scammers know very well that the license does not harm them if they steal. That's why everyone, when we choose a casino, we shouldn't look at the license as if that would make the casino trustworthy, the license should be in the casino due to regulatory issues, but people should do investigations about the casino to know if the casino is a scam or no

while it means that the casino has been given the right to operate legally after passing the requirements needed to get the license, it does not guarantee that the casino will not scam its gamblers. from what I remember being here in the forum, there have been some casinos that had a license but ended up scamming their gamblers. this is also why it is important not to easily trust a casino just because it has a license.

The licences that those casinos acquire is what permits them to run as a legally developed casino. The license gives them permission of Operation but that doesn't mean they can't scam customers, but if they do and it is being detected, then they will be at risk of paying fine or shorting down if any legal case is file against them.

It is no guarantee.

A casino may change management without your knowledge and the license obtained by the previous owners is passed to the new owners who you may never know their intentions.

A license in some countries can also be illegally obtained with enough money to bribe the officials that issue the license.

A casino having license is a more step towards that the casino is not belonging to scammers. To obtain a license, you need to pay huge amount of money. Also before you can be given, you will make sure that the service you want to provide to people is of standard so that you can be given the license. Unlike unlicensed casinos that scammers can easily clone a legit site and use it for their dubious activities.

I personally do not think it is a guarantee, like 100% safe, but it would certainly help for us to avoid getting or ways crossed with shady casinos or casinos with suddenly engage in shady activity.
It does not take to look too back in history to realize that a very trusted casino with years of operation could easily defraud their gamblers and take their funds without saying anything.
One must take in mind that licenses are pretty much a document or digital Registration which is issued in a centralized way, and hence it is possible to fake or somehow corrupt the issuer of those licenses.

Even though some good license helps, I would say it is a complement to what are the most important things for a casino: track record, liquidy, provably fair games and active number of gamblers.

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.

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.