About Casino Licenses

[Darker45]

It is possible not just to open a casino but to also operate it without a license. But it isn't legal to operate a casino that is not legally-registered. I have read comments before saying that there are actually casinos that operated first before receiving their license. I don't think this is the right sequence. I think for a casino to formally launch and open, a license is required. So a license should come first.

Yes, a license means trust and confidence of users. It also means protection and accountability. A casino that is not accountable to the law is a casino that is most likely to scam.

[madnessteat]

^

Do you seriously think that if an online casino bought a license Curacao its users can be sure that it will not close tomorrow? The casino can be registered to a complete stranger as personal presence is not required to obtain a license in Curacao.

Just do not keep a large amount in the account and read the reviews on the casino, and then the issue with the license will be irrelevant to you.  

[rahmad2nd]

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

I don't have much knowledge about this, but it's my personal opinion. if you are based in a country where gambling is legal, of course you must have a license so that you do not violate the laws and jurisdictions of that country.
By obtaining an official license to operate an online casino, it ensures that players make bets without risk, are credible and reliable.  in addition, you have met the standard criteria as set by a country. that way, of course we gambling fans, will not feel worried about our security as users.

[Darker45]

^

Do you seriously think that if an online casino bought a license Curacao its users can be sure that it will not close tomorrow? The casino can be registered to a complete stranger as personal presence is not required to obtain a license in Curacao.

Just do not keep a large amount in the account and read the reviews on the casino, and then the issue with the license will be irrelevant to you.  

I am not saying this. This is a completely different story. I was speaking in general terms. A license means accountability. A licensed casino has strict terms and regulations that they need to abide with. Violations of which could mean fines, penalties like suspension, or even the end of their operation by way of cancelling their registration.

If we go into particulars, though, there are different standards. Curacao license is one that is easy and cheap to obtain.

[madnessteat]

^

If we are talking about licensing and protection of casino users, a very important factor is the jurisdiction in which the license is obtained. And as practice shows most online casinos try to get a license in Curacao or Malta, as in other jurisdictions getting license is very expensive, which is unaffordable task for new gambling site. Besides, in many jurisdictions there is a tacit monopoly on gambling and getting a license there is simply unreal.

If I had the task to open a casino, I would not immediately get a license, and sent these funds to attract and users and to improve the quality of services that would contribute to a good reputation because I believe that reputation is much more important than the license.

[usekevin]

Casino licenses are not a compulsory one.But it is essential one,because we are using the own money in the casino.So its essential one for the people who had invested dollars to play it.Casino was most wanted game in the gambling field now.Some casino was working without the casino and people investing their money without the knowledge and lazy to check the background verification.It should check before we start to play the casino,then the later check about the casino playing.

[Kakmakr]

Well, it all depends on how big you want to go and what your target market is going to be. If you are going to run original games that were developed by yourself and you just want to target a small market, you will most probably get away without a license.

A lot of startup casinos start out small with original games to build and as they grow, they want to expand into offering more third party games and these providers will require the casinos to have valid licenses. As they grow.... regulators will also start noticing them and then they too will hunt for those licenses. 

[fullhdpixel]

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

It is possible for one to open up a casino without a license and I think it can be considered as legal not unlike to some serious business outside that if you don't have a license your business will be tagged as illegal and you will be in great danger once some inspect you.

For some users, it might be true that it gains them a confidence while for the rest, they prefer casinos with no license because a no license casino usually don't come up with a KYC requirements. I think there are licensed casinos on the past who still turned into a scam later on, and there are no license casino who continues to stay's legit so being trustworthy it's not about the licenses.

[ralle14]

Not necessary, but don't expect people will come/register to your casino so easily. Doubt will always be there especially those people who describe "licensed casinos are legit, and the unlicensed are not" you will heard a lot them here.
Yes, licensed casino have huge advantage for user's confidence to use the platform without thinking they will get robbed. You need a lot work to do when opening an unlicensed casino though.

Having a license doesn't always mean there's a huge advantage as casinos still need to build their reputation on their own and gamblers usually look for feedback and review instead of their license since it barely provides assurance knowing there are casinos that can still confiscate your money even if they're licensed. I still think there's little difference between the two but I remember reading in another thread or post that licenses provide more benefits on the side of casinos than the gamblers.

[uneng]

Anyone can start an online casino without a license. You just need to setup your website and have a decent bankroll size to pay gamblers. The disadvantage is that it might be really hard to build your reputation and attract gamblers if you don't have a license, because it can sound as a red alert for many of them, as any scammer can create a fake casino without guarantees just to steal from depositors.

With so many consolidated and popular online registered casinos around I think it will be a big challenge for you to compete against them with a brand new unlicensed casino... Why not think about starting another kind of business in a less explored niche of the market?

[Vinaa77]

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Licenses are important, not only to increase the trust of users, but also to see to know that the platform is worthy to use, safe from scammers, and safe from hackers. The license not only checks the owner of the platform, but also checks the security level of the platform. If you open an online casino, what can you show as proof that the platform is worth using? Of course the license. Not only gambling platforms, exchange platforms, wallets and so on also provide licenses to provide evidence that the platform is feasible to use.

[dataispower]

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Some of the casinos today operate without license, but it at risk, if casino gambling sites have a license it will make them to be reliable and that is why so many of the casino platforms do shutdown because of not having a license. Nobody will be comfortable to operate with any of them that operates illegally, the comfortability of a player comes when it notice that a trust of a gamblling platforms is absolutely high, and it so attract more players. So in a summary casino platform that's operating without license its in danger, and not everybody will be confident of them. But lastly most of them operates without license.

[Wakate]

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

Opening a casino is a different thing and getting a suitable license is another thing so we don't need to confuse ourselves with this. There are many casinos that are never licensed at all and they are still in existence till now. It is more beneficial to the casino because it will be hard for them to be sued because they have no license at all. Most if these casinos mostly end been a scam because there is no regulatory bodies that is making sure that they are fair and suitable in the business they deliver to the general public.
There are many scam casinos and gambling sites in the market which there motive is to scam customers of their funds.

[dataispower]

Opening a casino is a different thing and getting a suitable license is another thing so we don't need to confuse ourselves with this.

Really you are right, someone that thinks of establishing casino game supposed to have plans for the license. What op is trying to sure of, is if casino can be established without license, and answer is (yes)

There are many casinos that are never licensed at all and they are still in existence till now. It is more beneficial to the casino because it will be hard for them to be sued because they have no license at all. Most if these casinos mostly end been a scam because there is no regulatory bodies that is making sure that they are fair and suitable in the business they deliver to the general public.
There are many scam casinos and gambling sites in the market which there motive is to scam customers of their funds.

Why people emphasis on license is for the safety of the casino platform, those ones that have being operating without license, it's clear that they are operating illegally and anything can happen to them, because if you notice them and sue them, the surviving of the platform with any allegations alleged to them will be very hard

[Zackgeno96]

In principle, licenses are there to legalize the model of a gambling site. This means that there is no protection for players on the site. It's used purely to make sure it's all legal. You should not expect too much from gambling commissions, they have no sense at all. Of course it differs per organization, one will do more than the other. You have that problem with all gambling sites, some sites don't even have a license or don't show it.

[348Judah]

Casino licenses are not a compulsory one

It may not, but every serious minded one should know it's a compulsory requirement needed for it operations before the time for it demand becomes mandatory, just as we wouldn't want to patronize a substandard enterprise without due registration or buy an unregistered product then i casino must realize that it's out for business and must meet to every required standard for of a good one.

[Cookdata]

In principle, licenses are there to legalize the model of a gambling site. This means that there is no protection for players on the site. It's used purely to make sure it's all legal. You should not expect too much from gambling commissions, they have no sense at all. Of course it differs per organization, one will do more than the other. You have that problem with all gambling sites, some sites don't even have a license or don't show it.

You think that when a casino receives a license, players will have protection and other safety with the casino they are playing at, but the campaign you are promoting lacks one, and putting a banner on your signature is a concept that you are telling people, both directly and indirectly, to play there, isn't what you are preaching already defeated? That, I believe, is one of the reasons why 1xbet always has their ways when players complain about closed accounts and delayed withdrawals because the authorities who were meant to undertake appropriate checks never granted them a license.

[jostorres]

If we are talking about licensing and protection of casino users, a very important factor is the jurisdiction in which the license is obtained. And as practice shows most online casinos try to get a license in Curacao or Malta, as in other jurisdictions getting license is very expensive, which is unaffordable task for new gambling site. Besides, in many jurisdictions there is a tacit monopoly on gambling and getting a license there is simply unreal.

If I had the task to open a casino, I would not immediately get a license, and sent these funds to attract and users and to improve the quality of services that would contribute to a good reputation because I believe that reputation is much more important than the license.

That's what most casinos do not comprehend neither. They should realize that curacao license means nothing to me and probably nothing to many people as well. I get that they are investing a good amount of money to them but the reality is that we are not going to trust them just because they have a curacao license and that usually means nothing to anyone.

Just realize that crypto is something irreversible and if I give my money to them then I am going to be sure that they won't give it back to me if there isn't a way that they turn out to be a scam. This is why I believe that we shouldn't really be focusing on a license that is worthless like that.

[Fatunad]

If we are talking about licensing and protection of casino users, a very important factor is the jurisdiction in which the license is obtained. And as practice shows most online casinos try to get a license in Curacao or Malta, as in other jurisdictions getting license is very expensive, which is unaffordable task for new gambling site. Besides, in many jurisdictions there is a tacit monopoly on gambling and getting a license there is simply unreal.

If I had the task to open a casino, I would not immediately get a license, and sent these funds to attract and users and to improve the quality of services that would contribute to a good reputation because I believe that reputation is much more important than the license.

That's what most casinos do not comprehend neither. They should realize that curacao license means nothing to me and probably nothing to many people as well. I get that they are investing a good amount of money to them but the reality is that we are not going to trust them just because they have a curacao license and that usually means nothing to anyone.

Just realize that crypto is something irreversible and if I give my money to them then I am going to be sure that they won't give it back to me if there isn't a way that they turn out to be a scam. This is why I believe that we shouldn't really be focusing on a license that is worthless like that.

Majority might be having this mindset or impression on not to trust anyone or something on the time that you had sent out your funds into other platforms but there's the main difference into those platforms or businesses which does have a license and to those who dont have.When we do speak about possible recovery then as long the funds are been traced up then there's always a chance.We cant make out assurance
but at least we do know on who are the ones behind those companies which decides to scam out people. License is something that people do seek yet it is on the mindset
that there's some legality and assurance if these companies does have one.

[wxa7115]

Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

This is not the kind of question which can be answered in the forum, if you are thinking on opening a casino then it is better that you take this question to your lawyers and see if in the jurisdiction in which you are located you need one.

If you do not need it then you just saved yourself some trouble, however most likely you are going to need one if you want to serve people from the majority of the countries around the world, so maybe it is a good idea to just get one and save yourself a lot of headaches in the future.