Licenses and Casino reputation - page 3.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: goaldigger on December 25, 2022, 04:05:08 PM

Quote from: blockman on December 25, 2022, 03:21:40 PM

Even some casinos have licenses, they're not exempted of being a scam. Especially those that have tokens and investment options like putting it on their bankroll.
You really have to be vigilant against them because you'll never know that they just made them look good through a license but their bad intention is still there.

If they have a legit license then you can easily sue them since you have their information submitted to Curacao so they can get the license. Many gamblers prefer to gamble on a licensed site for the security purposes but of course that doesn’t guarantee that a site will be goo always, sometimes they will experience some issues as well but as long as they continue to solve it, that site can still be good just don’t put too much money on any site if you are not confident about it.

You have a point. Not all licensed casinos are going to be honest in all they do, there are still some hidden agendas in some of those that are used to take advantage of the gamblers. That is why regardless of those casinos are licensed or not, legit or fake, gamblers should always take the utmost care and protection they need to do to their funds. And that is to gamble only on the amount they can afford to lose, and never go all in betting as it’s always take bigger risks especially if you do it in a not secured casinos.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: Strongkored on December 26, 2022, 03:51:39 AM

Casino licenses are only beneficial for the casino itself because it will make their business look trusted because of course when trying to get a license there are things that must be fulfilled to get it even though buying a license is not free, but there are no benefits for players, players only feel more comfortable but can I avoid scammed I don't think so.

It is beneficial for both parties, the player and the owner. The benefit for a player is having a fully audited game for fair gameplay. There is also a supporting authority if a player happens to become a victim of casino power-tripping. And that being comfortable is a benefit enough for a player. Playing games with peace of mind can make us enjoy our gameplay at its full.

Quote from: fullhdpixel on December 26, 2022, 03:49:01 PM

Quote from: danherbias07 on December 25, 2022, 08:22:05 PM

Licenses are like business permits, which means they do exist and will be punishable by law if ever they tried to scam anyone or are proven guilty of not paying up whatever is supposed to be paid.
Depends on where their headquarters is and how the law works there. I don't think they will give out licenses to those who just exist on the internet with no headquarters for they could vanish in thin air. One popular example is the Binance issue before.
Reputation on the other hand is something different, it's something that must be earned.

If the casino is offline, they may need a business permit so that they will look more legal but if it's online then I think it wasn't really mandatory since the majority of the casinos lying around here didn't have that and yet they are still functional.

Not all of them are scams but the potential for a casino to turn into a scam is much higher because they know that they can escape easily but I think anyone can obtain a gambling license even if they don't have a headquarters or branch in the real world. There are lots of license issuer so if some of them are strict and needs it as one of their requirement then the casino can proceed with the other.

Both online and offline casino needs license to operate. They will be labeled illegal if they do not have a license and still operates and may later get shutdown if the authority goes after these unlicensed casinos.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: danherbias07 on December 25, 2022, 08:22:05 PM

Licenses are like business permits, which means they do exist and will be punishable by law if ever they tried to scam anyone or are proven guilty of not paying up whatever is supposed to be paid.
Depends on where their headquarters is and how the law works there. I don't think they will give out licenses to those who just exist on the internet with no headquarters for they could vanish in thin air. One popular example is the Binance issue before.
Reputation on the other hand is something different, it's something that must be earned.

If the casino is offline, they may need a business permit so that they will look more legal but if it's online then I think it wasn't really mandatory since the majority of the casinos lying around here didn't have that and yet they are still functional.

Not all of them are scams but the potential for a casino to turn into a scam is much higher because they know that they can escape easily but I think anyone can obtain a gambling license even if they don't have a headquarters or branch in the real world. There are lots of license issuer so if some of them are strict and needs it as one of their requirement then the casino can proceed with the other.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: tjtonmoy on December 26, 2022, 03:39:58 PM

If you have an issue with a casino, let's say you got scammed or robbed, you can try to resolve the issue with the casino directly. If that is not successful, you may want to consider reaching out to the regulatory body that issued the license for the platform.
Different regulatory bodies have different processes for handling complaints and may be able to assist you in resolving the issue.
It's a good idea to look for platforms that are licensed by one of these regulatory bodies, who will offer a higher level of protection for you.

When you do face up some issue then it would really be normal that you would be reaching out on the team or reaching out their support first and telling your problem or issue towards the site.If you have received

and non so convincing reasoning or explanation then this is where people do mostly make out some threads about complaints specially into this forum as long it is really pertaining to a casino site or platform
then they wont really be having doubts on making one because if its already making up some noise on this place then pretty sure that they would really be acting more faster.
Known casinos cant really just afford on making their reputation and credibility would be stained out.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

If you have an issue with a casino, let's say you got scammed or robbed, you can try to resolve the issue with the casino directly. If that is not successful, you may want to consider reaching out to the regulatory body that issued the license for the platform.
Different regulatory bodies have different processes for handling complaints and may be able to assist you in resolving the issue.
It's a good idea to look for platforms that are licensed by one of these regulatory bodies, who will offer a higher level of protection for you.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Kakmakr on December 26, 2022, 02:20:39 AM

I have not seen or heard about any individual complaint that has been resolved by the intervention of the license authorities. I even doubt if they get involved in those issues. I once saw the curacao license disabled on the Stake.com site, when they ran a weekly lottery.... but Stake took them on and explained that it was not a Lottery... where people bought tickets, but rather a Giveaway...where people earned tickets.

The Stake license was enabled again... and Stake.com grew to one of the biggest Online casinos on the Internet. So good luck, if you have individual problems with a casino. Roll Eyes

The same thing, I haven't saw it. It's because if there's a problem from an specific casino, they have to resolve it as quick as they can. Even if it goes to the authorities where they've taken the license, it's very minimal that they'll also step in just to solve that problem from a complainant.
It's better to have it insured that you're just gambling somewhere you fully trust and you have to make it to yourself that they're trustworthy and running legally with some papers provided on it if ever you're too sensitive with such requirements.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

Quote from: Apocollapse on December 26, 2022, 03:54:27 AM

Although casino has a license doesn't mean it's trusted, but most people think if a casino can get a license, it mean the casino is professional, willing to spend their money and reduce the chance to become scam casino. While Curacao license doesn't have any benefit at all when the casino is scam their users because it's already written in their terms and rules. Scam or legitimate of the casino is depends on the casino, not the license.

This is not entirely to be trusted, it's just that with a license, it means that their casino has been registered with the party that provides it, and that's not entirely to say professionals, but they just run as other casinos run with this license.
There have been many casinos that have been licensed but have cheated their customers because they are not professionals so the license should not be an exaggerated reference, so the most important thing is to see reputation or some positive feedback to see a professional casino.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: bittraffic on December 25, 2022, 11:11:14 AM

I guess you can sue the casino if you can prove you were scammed. However, most of these casinos are offshore and registered in Panama or somewhere like that.

In online casinos, it's often just to show the users that they are licensed to make them look legit. It helps the reputation and user's trust somehow but you know how costly it is to sue them. Creating a scam report in bitcointalk is worth doing to ruin the casino's rep than suing a casino that you know you won't be seeing on the court.

I agree with your statement.

The problem with suing an online gambling website is the platform on how you would be able to sue them. Suing an international entity requires both resources and time, which are very costly on your part, unless the amount scammed is relatively huge. If you have issues with a certain gambling website, try to first reach out if they have a respective representative in this forum. If it proves futile, then feel free to drop a scam accusation + substantial evidence in order to alert users about their schemes.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: ethereumhunter on December 26, 2022, 02:47:59 AM

Quote from: ?? on ??

Tbh I doubt Curacao lisenced gambling platforms will take care of users in case of something happens, they simply make everything formal like pay and get your lisence. Easy as it sounds, check Reddit gambling pages and they will tell you same thing since it is all about money and you can't sue company if something goes wrong. It is completely different case for Malta lisenced casinos, they have strictly regulated so they have to follow guidelines for every user. Comparison is useless at this point, Curacao can't be choice if you look for lisenced casino.

Having a license will at least make the casino look legal and won't get into trouble with regulators and this can give confidence to its users that if they do get into trouble, they can complain to the regulator. But that doesn't seem to be the case because if the license is just a formality and can be bought with money, it won't work very well and even if there is one problem, the regulators won't be able to pay special attention to solving that problem either. Licensed casinos do not guarantee they will not commit fraud but at least it can provide a sense of security to their users that the casino will not do anything to them.

"Make it look legal" is the keyword here that bothers me the most. We have seen so many companies that had curacao license and then went ahead and scammed people anyway without getting jailed. You know what happens to casinos with curacao license and scams others?

They lose their curacao license and have courts against them there, so you could be living in Thailand or Nigeria or berlin whatever, and scam people with curacao license and nothing will happen to you at all unless it hits the courts at where you live which is very very rare chance because you could make it illegal to play at the same place, so people who could ever sue you, can't because it was illegal for them to play there as well, hence anyone who sues you will be jailed back themselves.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: RapTarX on December 25, 2022, 11:00:07 AM

What are the other common licenses & how they can help the gambler when a gambler faces issues with the casino; especially when the gambler gets robbed/scammed by the casino? It's something I guess we all should be aware of; I believe most of us don't know at all.

I have seen a lot of complaints about casinos with licenses but we have not read they are being penalized for those accusations even if the accusers have proof, you have to bring the case to their attention and file an official complaint before they can take action, they will not take action on something that is just posted online, they will have to do their own investigation and this is very costly on the part of the accuser.
So its really useless if you got robbed or scammed you will spend huge money to get the license taken down, whereas it's free to post accusations here and if proven by the community that the accuser is treated unfairly then the community can tag the casino and it can harm the supports coming from the gambling community.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: Apocollapse on December 26, 2022, 03:54:27 AM

Although casino has a license doesn't mean it's trusted, but most people think if a casino can get a license, it mean the casino is professional, willing to spend their money and reduce the chance to become scam casino. While Curacao license doesn't have any benefit at all when the casino is scam their users because it's already written in their terms and rules. Scam or legitimate of the casino is depends on the casino, not the license.

Exactly,the licenses do not decide if a casino is legit or not,in fact mos of the scam casinos have had a license from Curacao and they have scammed people,with this I don't want to say that the Curacao license does not work,it is only that it does not protect the scammed people.

For this reason I have said many times here that the best people can do is to read the ANN threads of different casinos we have here and only play in those who have their ANN threads full of positive comments and reviews and that are running by many years.

klidex

hero member

Activity: 1498

Merit: 504

Quote from: uneng on December 25, 2022, 07:30:22 PM

Quote from: ?? on ??

Tbh I doubt Curacao lisenced gambling platforms will take care of users in case of something happens, they simply make everything formal like pay and get your lisence. Easy as it sounds, check Reddit gambling pages and they will tell you same thing since it is all about money and you can't sue company if something goes wrong. It is completely different case for Malta lisenced casinos, they have strictly regulated so they have to follow guidelines for every user. Comparison is useless at this point, Curacao can't be choice if you look for lisenced casino.

It's true. We can find different specialists and gamblers on the internet saying Curacao's license doesn't include their participation in disputes between the casinos and gamblers, in case the casino refuses to pay or takes too long to pay. That is why some countries don't allow their citizens to play at Curacao licensed casinos, such as USA, UK, Germany and Netherlands.

Curacao license is great for casinos' entrepreneurs to start their businesses, since it gives them complete advantages, like low costs plus fees and fast acquisition. But for gamblers there aren't advantages, as far as I know.

It seems that countries such as the US, UK, GERMANY and THE NETHERLANDS have prohibited their citizens from playing gambling at licensed casinos in Curacao because according to the government of that country the casinos do not provide more profit than the tax yields provided.
However, a country really needs a state income budget, one of which is from taxes given by certain business owners such as casinos.
The casino itself is a very profitable business and can generate fantastic amounts of money.
So do not be surprised if a country asks for quite large taxes on casinos whose business base is included in their country.

Apocollapse

hero member

Activity: 1148

Merit: 796

Although casino has a license doesn't mean it's trusted, but most people think if a casino can get a license, it mean the casino is professional, willing to spend their money and reduce the chance to become scam casino. While Curacao license doesn't have any benefit at all when the casino is scam their users because it's already written in their terms and rules. Scam or legitimate of the casino is depends on the casino, not the license.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Casino licenses are only beneficial for the casino itself because it will make their business look trusted because of course when trying to get a license there are things that must be fulfilled to get it even though buying a license is not free, but there are no benefits for players, players only feel more comfortable but can I avoid scammed I don't think so.

joeperry

sr. member

Activity: 2282

Merit: 470

Telegram: @jperryC

I don't know that much about license but the benefit in having a licensed gambling site is that you know that they are operating legally and the chance of running away is a little bit low as you can track and report them to authorities.

Personally I feel comfortable playing on a gambling site that has gambling license but not all gambling site that has license are legitimate, some of them turning out to be a scam so it doesn't mean that it is safe haven for gambling players.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

Quote from: Fundamentals Of on December 26, 2022, 01:54:24 AM

Most crypto casinos are licensed in Curacao because of the simple reason that it is easy and cheap to secure one from there. Many would say that a Curacao license does not amount to a guarantee that a casino would be operating fairly and properly, but I think that's better than no license at all. So it is still better to confirm if they really have a license.

That it has become a casino's compliance to operate because there has been a license permit from Curacao as a place that provides it for casinos, this is quite important, in fact, even though from some parts there are those who say this is not useful enough.
It's just that the casino is legal even though it pays cheaply for the license, the important thing is they have got the legality.

Quote from: Fundamentals Of on December 26, 2022, 01:54:24 AM

But in case you get robbed by a casino registered in Curacao and you're playing from somewhere far away, would you really be starting a formal complaint against the casino with Curacao authorities? And if you do, would you expect the gambling authorities in Curacao to really run after the casino? I doubt it.

We are still in doubt whether if we are really robbed by the casino, we will continue to submit complaints to Curacao, they will be followed up or it is not, clear this will cost a lot of money, especially since we are in a remote place, for sure the licensing authority will try to collect all the evidence before action is continued. But still I also doubt about this.

Alisha-k

member

Activity: 840

Merit: 23

Licenses in Casinos just work exactly the same way other companies License works which means there are rules governing the issuance of those Licenses and if there are any misbehaviours those licenses can be withdrawn by the issuing company. I think Curacao is the most popular for gambling sites.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Tbh I doubt Curacao lisenced gambling platforms will take care of users in case of something happens, they simply make everything formal like pay and get your lisence. Easy as it sounds, check Reddit gambling pages and they will tell you same thing since it is all about money and you can't sue company if something goes wrong. It is completely different case for Malta lisenced casinos, they have strictly regulated so they have to follow guidelines for every user. Comparison is useless at this point, Curacao can't be choice if you look for lisenced casino.

Having a license will at least make the casino look legal and won't get into trouble with regulators and this can give confidence to its users that if they do get into trouble, they can complain to the regulator. But that doesn't seem to be the case because if the license is just a formality and can be bought with money, it won't work very well and even if there is one problem, the regulators won't be able to pay special attention to solving that problem either. Licensed casinos do not guarantee they will not commit fraud but at least it can provide a sense of security to their users that the casino will not do anything to them.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

I have not seen or heard about any individual complaint that has been resolved by the intervention of the license authorities. I even doubt if they get involved in those issues. I once saw the curacao license disabled on the Stake.com site, when they ran a weekly lottery.... but Stake took them on and explained that it was not a Lottery... where people bought tickets, but rather a Giveaway...where people earned tickets.

The Stake license was enabled again... and Stake.com grew to one of the biggest Online casinos on the Internet. So good luck, if you have individual problems with a casino. Roll Eyes

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

Most crypto casinos are licensed in Curacao because of the simple reason that it is easy and cheap to secure one from there. Many would say that a Curacao license does not amount to a guarantee that a casino would be operating fairly and properly, but I think that's better than no license at all. So it is still better to confirm if they really have a license.

But in case you get robbed by a casino registered in Curacao and you're playing from somewhere far away, would you really be starting a formal complaint against the casino with Curacao authorities? And if you do, would you expect the gambling authorities in Curacao to really run after the casino? I doubt it.

Topic: Licenses and Casino reputation - page 3. (Read 583 times)