Are you going to be licensed in a jurisdiction that offers casino licensing?
Is your RNG and gaming history going to be audited by a third party auditor? (I see you are publishing it, but of course there is no guarantee that what you are publishing is the full/actual history of wagers)
Do you have a statement about keeping player funds segregated (or not) from operating expenses?
Why did you choose to roll your own software when there is lots of established casino software out there? (Microgaming, RTG, etc)
Do you have people involved that have a history in the online gambling industry?
(thanks! questions not meant to be harsh, but as you know online casinos have the potential to be quite shady and have been in the past)
Also thanks for differentiating mathematical "advantage play" in your TOS from exploiting bugs advantage play! Too many casinos treat them the same way.
Hi lemonginger, let me answer your questions since you've hit a lot of interesting points and hopefully this will explain things further:
1) We are incorporated in Costa Rica as an information processing entity, granting us the legal right to run the casino under international law. We're discussing acquiring licensing in a larger jurisdiction, and we understand the reservations some players may have about CR-based casinos. For this reason, we are going to extreme lengths to show transparency, including daily publishing every complete card shoe, roulette spin and craps roll on the site. We expect players to scour these numbers, and we also expect players to win much more than they would in, say, Vegas, because our games are 100% fair.
2) We are reserving 200% of player funds on a rolling basis to cover daily payouts.
3) This software has been four years in the making. To (legitimately) lease a Microgaming license, for instance, comes to around $100k per month if you're doing any kind of serious business. The way this started was, about 3-4 years ago I came up with an idea to make a different kind of casino, all in-browser, all in Flash, and at that time the world was a different place. The nice thing about it is that we have a lot of really different, really original games that the big guys would be scared to death to actually put into practice ("when will we get our investment back?!" and that kind of thing). So we're a little startup with a lot more flexibility, and that's actually how we were able to move so quickly toward taking Bitcoin. Because no other casino will be accepting it for quite awhile, from what we've been able to ascertain.
4) The people involved in this project are mostly new to the industry, but we have some excellent advisors who have worked (and do work) on gambling sites you would have heard of. One of our managers was a producer on the top-selling videogame of all time; another has long-term experience in the London land-based casino market. That's all I can say to the question. I'm personally an open book, if you want to look me up, it's joshstrike.com, and you can always get a hold of me there.
5) You're not being harsh; these are great questions. If you'd like more explanation, just keep askin