Licenses and Casino reputation - page 5.

Renampun

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

There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
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 don't know if you have read this, but this article clearly states the benefits and convenience that we (gambling business companies and also gambling players) can get when playing at online casinos that join the Curacao license.

[] https://www.yogonet.com/international/news/2022/11/15/65023-benefits-of-a-curacao-license-for-gambling-companies-in-2022

Quote from: darkangel11 on December 25, 2022, 01:07:01 PM

Don't think a casino that is licensed can't scam you. It's just less likely to happen.

yep, this can happen at any time without anyone predicting it, but if you keep on instilling fear like this then it's impossible for me to play gambling. you must decide on which gambling site you risk your money, on because choosing carelessly an gambling site will only make you lose in the future (especially gambling sites that have just appeared).

BitDane

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

There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?

If conflict arise, there is an authority to mediate and decide which party is the right one. It is easier to trace owner of casinos since their identity is submitted to the governing body.

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.

Playing in a licensed casino can ensure us of not being robbed. Licensed casino will implement fair gameplay to comply with the regulation. You can check the explanation in this article[1][2] why playing in a licensed online casino is important. If ever a licensed casino gone rouge, we can always file a complaint to the authority and this authority will be responsible in processing the case and if the casino is proven guilty can revoke their license and either fine the casino or issue a cease and desist order.

[1] https://savedelete.com/internet-tips/what-are-the-benefits-of-licensed-casinos/423482/
[2] https://outragemag.com/gambling-at-legal-online-casinos-has-its-advantages-and-importance/

pixie85

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Quote from: darkangel11 on December 25, 2022, 01:07:01 PM

The license basically allows you to accept gamblers from certain countries without having to ask for permission in all those countries because they have an agreement with the country where you pay for license.

Curacao is a funny case because it allows you to accept players from all around the world, but not Curacao itself. So you get a gambling license from a country that allows you to operate only in other countries. Cheesy

The license costs around 20k EUR, so Curacao is happy to take your money and GTFO with your casino to another country.

Don't think a casino that is licensed can't scam you. It's just less likely to happen.

I think the whole thing is to eliminate the lowest scams where someone would make a cheap site and scam people for a few thousand. Since they pay 20k and have to wait for approval they aren't going to steal 1k from you.

I agree that licenses aren't anything you can rely upon, but it shows some effort on the side of the casino. That can be an effort to run a legit business or a big scam.
I rarely look at that when I choose a place to play. Reviews and age of the business are more important.

Findingnemo

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

There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
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.

The actual reason why most casinos have Curacao license is because its relatively cheaper than others like Nevada. Based on the online data its cost about 20K to 25k Euros to get the license and later the annual fee once the business becomes operative.

Having license allows the jurisdiction to accept the gamblers and tax compliance just like every other business. In past license didn't get in the priority but now it becomes mandatory even for the startups.

Fivestar4everMVP

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I think i remember mentioning something that relates to this topic in one of my comments yesterday, a license i think was supposed to act as a defense, defending gamblers against casinos and vice versa, that is, they are supposed to stand a the central authority the gambler could run to anytime the casino does anything funny that caused the gambler/user to lose money most especially when the casino on their own refuse to do nothing.
And also in extreme cases, the licensing authorities are supposed to be the number one to contact when anytime a casino closed down and makes away with customers funds, but we are seeing so far is the direct opposite, seems to me that the whole license thing is nothing but for show.

bitbollo

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In general, I don't think that if a company that has a license is sure it can't scam.
It is useless to make a list of failed companies or companies that have scammed...
I think this is more or less a minimum basis, it indicates the willingness of a site to offer a minimum guarantee on its work.
Personally I avoid using sites that do not have a license, maybe if they have a good reputation built over time, they could get a little bit of trust...

BitcoinAccepted

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Much has been said and written about whether or not you have a gambling license. But with a gambling license you have no certainty that a casino has a stable reputation. Actually, it doesn't say much more. You should also not think that the licensing committee wants to represent the interests of the players. They are only there to fill their pockets and of course want as few problems as possible. It will still matter in which country you have a jurisdiction of a license, but ultimately players are responsible for playing and any losses incurred.

gantez

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

What does a curacao license do in reality & how it can benefit us as a gambler?

Casino that is regulated is controlled under the Curacao which see on the activities of the casino including if there is complain of scam or no payment of winning. Most gamblers like to gamble under licence casino because of protection of their money and it is better, it gives confidence to recover from the casino if they failed part of the license condition and regulations.

darkangel11

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The license basically allows you to accept gamblers from certain countries without having to ask for permission in all those countries because they have an agreement with the country where you pay for license.

Curacao is a funny case because it allows you to accept players from all around the world, but not Curacao itself. So you get a gambling license from a country that allows you to operate only in other countries. Cheesy

The license costs around 20k EUR, so Curacao is happy to take your money and GTFO with your casino to another country.

Don't think a casino that is licensed can't scam you. It's just less likely to happen.

Ludmilla_rose1995

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

There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
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.

that's why we are really helped by the existence of this forum,, especially for those who are really looking for references to the best and most trusted gambling sites with a good reputation. the curacao license has a major influence on a gambling site, without it, users who are used to gambling will not want to play on a gambling site even though they offer tempting bonuses.

Daltonik

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

There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
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.

The thing is that it is very difficult to check the license from curacao and some it is not possible to check at all whether it is legal or not, but in general you can read more about some of the curacao licenses here https://game-protect.com /, but again, this is only the opinion of the creators of the site.

Queentoshi

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Quote from: ralle14 on December 25, 2022, 11:43:34 AM

The curacao license only makes them look good on paper and it's a way for them to avoid taking other complicated licenses, they're mainly for the convenience of the casinos.

I Know a Casino with a License looks more trustworthy, but I will trust better word of mouth recommendation and endorsement about the reputation of a casino than just knowing that they have a curacao license, or any other License. Casinos can change after they have obtained the licenses and that is why I will not take the fact that a casino is licensed to mean that they will not give me issues in the future. Nothing beats reading real reviews to know if a casino is good or not.

Beparanf

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Casino license bind casino on legal contract agreement which means users of that specific casino with license can now report the casino and have a chance to recover his money legally through license provider unlike before that casino operates pure anonymously and can run without a trace like a tons of scam casino before that steal huge funds and never face jail time.

Casino license makes user somehow feel safe because users know that casino is not anonymous and can’t run with there funds without a trace. License makes online casino legally operate on different country.

cabron

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Can't remember how much it was but I read it was less than $30K and then the casino can operate legally. Just mean that the casino is a company that is licensed and this makes people find the casino to be real. But I don't know if it will really help when a gambler faces issues with them.

Never thought decentralized casinos would need a license but some of them have a curacao license. Yes, even the dex needs to build thier business reputation.

ralle14

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The curacao license only makes them look good on paper and it's a way for them to avoid taking other complicated licenses, they're mainly for the convenience of the casinos.

For us gamblers, there's no benefit in playing in a licensed casino that's why most gamblers always look for feedback coming from the players, and whenever there's an issue that's always one-sided other gamblers try to look for alternatives to solving their case like for example reaching out to a mediator like AskGamblers.

harizen

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Technically and in a much simple description, having a license is a necessary thing to make the business legal. Gambling site owners can't just operate in other countries or regions as that will be subject to legal jurisdiction. Having a license will somehow make it smooth.

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

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.

Not sure about this and I'm not aware, but just want to ask a question, is there a case already where a gambling site, specifically with a Curacao license, turned into a scammed site and just went off without any trace? If there is, I don't understand why these sites will apply for a license as even though it's easy to have a Curacao license, the requirements needed are personal documents of its owners and detailed information about their business, and these are strictly screened.

Scam gambling sites, as I see, won't bother to apply for any license.

Oshosondy

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If you have a casino and it is licensed, it only means that the casino has been tested and meets the requirements to give a casino a license. A scam casino would most likely not be able to meet the requirements.

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.

What I know is that you should use a trustworthy casino. If a casino is not located in your country, the more the money that would be used to file a law suit against them.

What people are doing most are to post what the casino did on their social media and forums for people to avoid the casino.

bittraffic

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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.

RapTarX

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There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
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.

Topic: Licenses and Casino reputation - page 5. (Read 583 times)