License: is it a guarantee?

[Baofeng]

Some users said it's give additional security, verifiable fairness, legitimacy etc, when to obtain the license is easy, just fill the forms and pay some money, that's.

In that case it's important to check the license providers of a certain gambling sites. I know there are plenty of license providers out there that doesn't have a good reputation, so it's one thing that has to be considered.

I don't think there's not much difference though, and majority are looking for curacao license because it's cheap and easy to get. And it seems that curacao is just approving every licenses they get as long as they are paying that money and that's why we've seen a lot of casinos under their license but it's not a guarantee as the majority have said already.

As a gambler, we should check if the lisence provider is reputable, and if the casino is reputable. If theses two are present, then I can say that it will help give you additional security as license provider have some standards to be followed before they'll issue a license.

I think majority don't check it, until they can scam or not. However, we know the boards that we can check every casino that has somewhat a reputation here and then we can start there. So there is a pros and cons of having a curacao license.

But there is also one license that maybe operators might be better get, it's Malta license.

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[PX-Z]

If its a physical casinos then having a license can be a guarantee that you are dealing with the legit casinos..

That's given, physical casinos cannot operate without license because they are obviously can be seen from anywhere on that area.

.. a scam because a we all know even the top exchanges can turn into a scam so the risk will always be there.

This might off topic but what top exchanges turn into scam can you mention it?

I think license is something that gives you the rights to operate your business. I think without the license you will not have the permission to continue your business.

For physical business yes especially a big business, but online business no. Some casinos online don't have license but can still operate this statement is already wrong.

[agustina2]

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.

Not a guarantee but at least having one shows that the casino is somehow true to its intent to be one of the legitimate casinos out there.

Once a casino gets a license, the identity of owners and staff is provided. At least if the scam happened, they can't just hide easily.

And, licensed or not, are you comfortable playing at any unlicensed casinos?

[Bananington]

does a license guarantees that a casino won't scam it's customer's going forward.

A license does not guarantee a casino would not turn out to be a scam but on the option of a casino with a license and a casino without a license the wise gambler should obviously choose to gamble on a casino that has license because he shows that they have some level credibility and can be more trusted than a casino with no license. Gamblers should not completely trust any casino or betting platform that they gamble on occasionally, they should conduct a form of summary of how the gambling has been in this casino and gambling platform, check the reveiws and complaints from people like you who also use the platform so you know if you continue gambling there or not.

[Dump3er]

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.

I think there are a bunch of licences that casinos can obtain and in order for someone to judge whether that license is something good, I think you really need to study the meaning of those licenses and how significant they are within the gambling industry. But whether it is a guarantee against being scammed? No way, I think there are so many shenanigans a casino can pull off if they really want to deny any withdrawals and so on. If you go with long established casinos, that's probably the best you can do to reduce the chance of getting scammed to a minimum.

[goinmerry]

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.

The license doesn't guarantee that a casino will likely be turned into a scam. We can't use that as a reason why we should use a new site. But as a gambler, we want to only choose those casinos that went through licensing. At least they made an effort to do that lol.

Anyhow, as long as we talk about new sites, always be cautious about using them even if they are licensed ones. We should test the waters on new sites with a vigilant approach. Know the terms, know the rules, and know anything else that can be used against us once we get a big win playing at those new sites.

[Smartvirus]

But have been wondering and wanting to ask, does a license guarantees that a casino won't scam its customer's going forward.

The closest thing to a guarantee you could have is on LG products or perhaps Hisense where you get an offer or reinstallment within a designated pattern of damage and within a period as well. Even that plays around a T&C.

There is no guarantee to anything my friend, not even life itself has got a guarantee on it. License doesn’t really stop a casino or sportsbook from perpetuating some serious crime but, it becomes some means to ensure they don’t or maybe have them been called upon.
There isn’t anything wrong with banking on the license of a company for trust, at least, having a license proves you give some cents on your company than not having one.
Your better off with a licensed company than one without a license.

[alegotardo]

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.

Theoretically, a casino license is a legal document that allows a gambling establishment to operate in a specific jurisdiction. The license ensures that the casino complies with the regulations set by the licensing authority and provides a fair and safe gaming environment for players.

But in practice, a casino license guarantees very little protection to the player, as it all depends on how regulated casinos are supervised and also on what actions regulatory agencies or governments take when they receive a complaint.

Obviously it is always preferable to bet at a licensed casino, but players cannot believe in the illusion that this solves all trust issues between casino and users.

[Fundamentals Of]

I have read complaints about gamblers not paid for their prizes and jackpots or not paid fully. There are also others who are banned or whose accounts are suspended and their funds locked. I think most, if not all, of these complaints are against casinos and betting sites that are licensed.

Even here in the forum you can read such complaints. There are even scam accusations because of such experiences. But the casinos they are accusing or complaining against are all registered. I doubt that these complaints and accusations are all false. Some of them might be true. So although gambling in registered casinos is the right thing to do, it isn't a guarantee that you will have a perfect experience.

[ethereumhunter]

Most of the countries that license online casinos don't have control over the financial operations of these betting firms. What they do is to issue guidelines that these casinos must abide by and the casino risks losing such licences if they fail to comply with these provisions. So many casinos have lost their licence because the licensor withdrew them due to an infringement in the terms of the licence. Most of these licencing countries use this platform for mainly economic reasons. 

Some scam casinos can raise funds to get a license with the intention of defrauding gamblers. Immediately they get to the target and have covered the funds they used to set up the casino, they can close down with gamer's deposits. Licence is used for publicity because customers usually have confidence that a licenced casino is trustworthy. I will summarily state that registering with a reputable licensor is not a guarantee that a casino is reliable. We shouldn't keep large funds in the casinos and we should also do our research.       

That's because the countries that give licenses to casinos don't have any relationship or cooperation with the casinos. Hence, they wonder if there are things that the casinos do that can cause their users to experience difficulties or problems. Regulators can revoke the casino's license but will see what kind of case the casino faces. If the violations are too serious, the regulator will immediately revoke the casino's license to avoid causing more problems.

Scam casinos have the goal of defrauding the gamblers who register with them, and they get the license to convince the gamblers that they are a legitimate casino, even though that is not the case. We as gamblers must be careful in finding the casino and not just register because there is no guarantee that if we do that, it will provide us with security when gambling. A casino's license shows that the casino is supervised by regulators so that the casino cannot do things related to illegal activities. But if it is a scam casino, it will gradually show its intentions openly. They do not want to solve the problems faced by their members.

[danherbias07]

It's not but it should be. If a gambling site is properly checked, we don't have to worry about anything. But do imagine a gambling site registered in a corrupt country where the government would like to accept and approve license applications so that he could put more in his pocket.
Reputation and roots will always be the best guarantee but still, we don't know when a gambling site will end. So, the better choice would always be just to gamble the money that we can afford to lose and not keep it in their wallets or in their vault. Keep our money in a more secure way. Treat gambling sites like an exchange. Not your keys, not your coins.
I remember one moderator of a gambling site saying that whenever we deposit money in the online casino we are taking out the rights that it is our money until we withdraw it again into our own wallet outside the online casino or sports bookies. I think what he said is true. It's not ours anymore until we take it out. We trust their service in gambling but never trust them like a hard wallet that would keep your cryptocurrencies forever because there's always an end to their service.

[Dump3er]

It's not but it should be. If a gambling site is properly checked, we don't have to worry about anything. But do imagine a gambling site registered in a corrupt country where the government would like to accept and approve license applications so that he could put more in his pocket.
Reputation and roots will always be the best guarantee but still, we don't know when a gambling site will end. So, the better choice would always be just to gamble the money that we can afford to lose and not keep it in their wallets or in their vault. Keep our money in a more secure way. Treat gambling sites like an exchange. Not your keys, not your coins.
I remember one moderator of a gambling site saying that whenever we deposit money in the online casino we are taking out the rights that it is our money until we withdraw it again into our own wallet outside the online casino or sports bookies. I think what he said is true. It's not ours anymore until we take it out. We trust their service in gambling but never trust them like a hard wallet that would keep your cryptocurrencies forever because there's always an end to their service.

But even then a license is only one of many indicators that can give you some sense of security, but not more than that. Just refer to those examples like FTX and how they crashed and ruined peoples' financial situation. They had been licensed and yet these licenses don't mean a whole lot. In gambling I can imagine it is even worse as these licenses often are from countries with I guess little to no regulatory oversight? I doubt that a gambling service registered in the Cayman Islands has to frequently undergo monitoring and control.

I assume it is more like a one time event that then has some expiration date and has to be repeated by the time the license expires. But it's always more like moment in time where everything has to be presented properly rather than the ongoing monitoring as I mentioned before. A license can never hurt, but I think long term reputation and user reports are what's more useful when it comes to assessing the risk of using a specific service.

After all, it is like using centralized exchanges when people decide to leave funds on the exchange. Can you afford to lose it? Then you are able to take that risk. If not, don't use gambling services or leave funds on an exchange.

[TopTort777]

What is "if site is properly checked" ? Check if it has a valid certificate? Dont know what can we say about site from a visual check. Bad and cheap design can be an indicator that there is something fishy with it, but with all that AI features and templates, it isnt hard to create a site that will bright like a candy, but might have a rotten filling. Imho by the look of the page, it is hard to tell if the casino is scam or not. We can check if has licenses, registration addresses or some other casino owners personal info, but people check it just for a tick. People see it, make a mark "it has license", but never click on it or check its validity.

[CryptSafe]

Licence is not a guarantee of a casino being genuine but sometimes it just might be a bait to get at gamblers to think that they are what they think they are as they already got covered by the government.

Most casinos that do away with gamblers fund are fully lincensed to operate. There is no place where it is written on the name of a casino that this casino is a scam. You can never tell neither can you be able to detect their actions until it becomes obviously clear what they intend doing.

If a casino means business of being genuine, they would do it no matter what but if otherwise wether they got a licence that would keep track of them or not, they would still do their wish as that has been their motives from the unset. The licence is just to present them to being genuine which they know gamblers wants to see and hear but that is different from the case. Wether a casino got a licence or not, that is not a guarantee that they are genuine or not.

[passwordnow]

I have read complaints about gamblers not paid for their prizes and jackpots or not paid fully. There are also others who are banned or whose accounts are suspended and their funds locked. I think most, if not all, of these complaints are against casinos and betting sites that are licensed.

Even here in the forum you can read such complaints. There are even scam accusations because of such experiences. But the casinos they are accusing or complaining against are all registered. I doubt that these complaints and accusations are all false. Some of them might be true. So although gambling in registered casinos is the right thing to do, it isn't a guarantee that you will have a perfect experience.

Every licensed casino has its own players who are having problems not just with these prizes but with the policies that are imposed on them. But with all that, there's always a basis as to why it's done on them. I understand the point is that even if a casino is licensed, it does not exempt a gambler not to experiencing a bad thing about them.

Some of them might be true but when a representative responds to them, you get to see that many of these accusers are also abusers. So, it's a case to case basis with the experience but that doesn't mean that the registered casinos are a scam. I think we can all agree that there's a guarantee that a license casino will definitely operate as what's given to them with the licensing because it's part of it having a business. But with the various experiences and complaints, they have no control about the users that are also abusers. And with the legitimate ones, they have control over it and can respond with genuinity and a reply of help for their concerns.

[lombok]

From my personal opinion regarding licensing, I cannot guarantee that the site is free from scams. Maybe the license is based on the game being tested to be fair and suitable for general and legal play. Regarding whether it is a scam or not, this is not a guarantee, because whether it is a scam or not depends on the management.

I think getting a license goes quite beyond of the games which are provided in the casino and whether those are fair for both the casino and the gamblers or not. I am not an expert, but the license also implies the company behind the casino has a physical and registered address in the country where they intend to operate from and also it could have with the securing of having enough bankroll to serve a certain amount of volume. The issuer will be sure the casino has some bank accounts and the address, so the taxing can be done properly and in a shifty way.
The fact a casino would need to have some person responsible of facing the authorities is not a problem for scam and shady sites, if they can either forge documents or some member of their scam is willing to be the face of the casino before disappearing with all the money.

Licenses are not a guarantee, but in an ideal world they would, and any registered/licensed casino could not abuse of their position to dive into shady practices either, without being afraid of the law internationaly.

Maybe what you explain is the full version, and thank you for providing additional insight into licensing on gambling sites and logically your explanation makes perfect sense.

With this license, at least there is an audit system carried out on the gambling site before it runs. However, you need to know that there are only a few licenses that are considered good if the site has them, and this is perhaps something that players should pay special attention to before creating an account and playing on the site.

[Hispo]

From my personal opinion regarding licensing, I cannot guarantee that the site is free from scams. Maybe the license is based on the game being tested to be fair and suitable for general and legal play. Regarding whether it is a scam or not, this is not a guarantee, because whether it is a scam or not depends on the management.

I think getting a license goes quite beyond of the games which are provided in the casino and whether those are fair for both the casino and the gamblers or not. I am not an expert, but the license also implies the company behind the casino has a physical and registered address in the country where they intend to operate from and also it could have with the securing of having enough bankroll to serve a certain amount of volume. The issuer will be sure the casino has some bank accounts and the address, so the taxing can be done properly and in a shifty way.
The fact a casino would need to have some person responsible of facing the authorities is not a problem for scam and shady sites, if they can either forge documents or some member of their scam is willing to be the face of the casino before disappearing with all the money.

Licenses are not a guarantee, but in an ideal world they would, and any registered/licensed casino could not abuse of their position to dive into shady practices either, without being afraid of the law internationaly.

Maybe what you explain is the full version, and thank you for providing additional insight into licensing on gambling sites and logically your explanation makes perfect sense.

With this license, at least there is an audit system carried out on the gambling site before it runs. However, you need to know that there are only a few licenses that are considered good if the site has them, and this is perhaps something that players should pay special attention to before creating an account and playing on the site.

Actually, many gamblers (many of the people who participated in this forum) actually pay attention to whether a casino is the holder of an official license or not, one of the first things name do is to check whether the casino where they are about to deposit has any kind of licensing, however, rarely people go beyond that point and are not even willing to check whether if the license is authentic or the quality of it compared to others. Also, many of those who give some importance to licenses do not even know how to verify the licence in the website of the issuer. It is kind of a similar situation about people who like to gamble on provably fair games but do not know how to verify whether the game is effectively fair or not.  

That is the reason scam casinos and shady conssinos will try to deceive newcomers by adding a fake license in the form of a PNG in the bottom of their main page, sadly that is enough to fool the bulk of them into gaining enough trust to deposit.

[Litzki1990]

as far as i know, a license is useful to state that a casino has met the regulations and compliance with the authority where it is licensed, so it will not guarantee that a casino will not scam players. but playing at a casino that has a license can give players a sense of security and comfort, because they will be protected by the gaming commission where the casino is licensed. usually the gaming commission will regulate responsible gambling practices, the protection of customer funds, and the steps necessary to ensure that the games provided by the casino do not harm players.

Never trust that licensed casinos will not cheat you. Maybe with a license we may think that if such casinos cheat us then they will be brought under the law but if they are brought under the law after cheating but there is our loss. That is the loss because even if they are brought under the law they will be fined and punished but you who deposited money in those casinos will never get your money back. Earlier when FTX cheated the investors but the court fined him as well as fined the investors but did not give any money back to the investors which means that this matter teaches us not to trust all these platforms so much.

[Rufsilf]

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.

In my opinion, if a casino has a license of course you can say that it is legit and can add and provide some level of assurance and its credibility and you can really see as it shows that the casino has met the standards and requirements. However, it does not ensure that a licensed casino will not defraud its customers.  It is reasonable, for example, that a licensed casino may manipulate the game, changing the random number generator or the odds, to give players a small chance of winning. There is also a chance that there could be delays or that they won't give players their prizes without good reason, such as claiming technical difficulties or that you've broken the rules, etc., which will be extremely stressful.

I also think that another reason why the reputation of a licensed casino is destroyed is because of the people who manage it, like changes of ownership or the employees who manage that casino because they were more likely to do some frauds and lapses.
Because of this, it is essential that we, as players, investigate and validate the site's trustworthiness by reading reviews and researching the reputation of that particular casino in order to reduce the possibility of becoming victims of frauds.

[Solosanz]

Never trust that licensed casinos will not cheat you. Maybe with a license we may think that if such casinos cheat us then they will be brought under the law but if they are brought under the law after cheating but there is our loss. That is the loss because even if they are brought under the law they will be fined and punished but you who deposited money in those casinos will never get your money back. Earlier when FTX cheated the investors but the court fined him as well as fined the investors but did not give any money back to the investors which means that this matter teaches us not to trust all these platforms so much.

Depends on the sites or the owners, but most of the cases, they won't want to refund the customers' losses because they don't have money, they're in debt, or any excuses they have. If you say to not trust all the centralized site, that doesn't make sense because if someone gamble in centralize casino, they need to trust the casinos.

If you win big amount, then it's either the casino will allow you smoothly to withdraw it or brought you into drama.