License: is it a guarantee?

[BABY SHOES]

Yes it's still a means to show that they are a legitimate business but it's not the end all be all for casinos. The most important thing about having a license is that gamblers can seek legal help from these regulators in case the casino wronged their customers. Whether or not the license providers would actually help and intervene is another matter though.

License as a legality that is recognized by the provider, this is not about any guarantee.

We never know about customer fraud later, if the casino is honest in running a business then it will never happen, casinos also want to grow so they will definitely maintain their reputation.

To date, I don't know if any casinos have come out with a lot of customers' money?

[1715033359]

1715033359

[1715033359]

1715033359

[1715033359]

1715033359

[1715033359]

1715033359

[1715033359]

1715033359

[1715033359]

1715033359

[EluguHcman]

Every reputable gamblers wants to gamble in a reputable firm so that no dimensions would go Contrarily.
Every licenced firm is sure of legitimates and cordial coordinations to be presentations with no comprises and no Contrary. So gambling in a licensed and registered casinos would always save one with is a reasonable gambler to a moderate gambling environments and expected to operate professionally in ligns with its terms and conditions and also considering the rights and conduciveness of the gamblers.
Gambling with a licenced also guarantees gamblers to hold legal responsible of any bets gambling casinos that is to bridge the right wellness of the gambler.

I bring to you about gamblers who won #137M equivalent to $114K  who accused the gambling company of refusal to pay them their money. https://www.okay.ng/1xbet-faces-accusations-of-refusing-to-pay-n137-million-in-winnings-to-two-nigerian-bettors

It should be believed that if the gamblers actually won then they could take legal law to face with the gambling company to pay them their money following the anchors of the lotteries and gambling commissions terms.

[retreat]

A casino that has a gaming license from Curacao, UK, US, or a license from another country does not guarantee that the casino will not scam its users. But even though the license does not guarantee that the casino will not be a scam, at least the gaming license will provide security to players such as the legality of the casino's operations, fairness in the game, disputes between players and the casino, and the credibility of the casino. So that is the reason why many players prefer to play on a licensed casino platform compared to one that is not.

[Odohu]

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.

There are procedures involved in getting a license, the purpose of which include but not limited to making sure that the operators are clean and will not use it for illicit activities. License also make it easier to check the excesses of the operators should they decided to deviate from their modus operandi. An unlicensed casino does not put in place the legal framework through which people can seek redress should there be sharp practices that need legal interpretation. This is because even their TOS is not legally binding because their are not operating under any legal jurisdiction.

However, obtaining license does not exonerate casinos from nefarious activities, some still do even with their licenses. As a matter of fact, there have been reports of licensed casinos that cheats and undo their customers. This shows that license does not solve the whole problems.

[Hypnosis00]

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

Obviously no, it's just a protection for the gamblers so if they choose to go after with the casino owner/s, they will be able to file a lawsuit against them, compared to a non license casino where you aren't aware who are the people behind them. The reason for choosing a license casino over none is only to minimize the risk of getting scammed.

[piebeyb]

Not really, it seems like there are some casinos that are licensed but cheat their customers, for me the license is part number two and the first thing is the reputation of the site usually to play on the site I usually always look at the reputation first from some people on this forum not out there , because of course forum friends here might provide honest reviews and feedback compared to those out there who might do paid reviews.

In my view, a license is always synonymous with a strict casino and there are KYC regulations in it, so to differentiate between KYC and non-KYC casinos, usually just look at the site's license and it can be seen that they are sites that implement KYC regulations on their site, but that's just my view. and maybe it's different from the views of other friends here. 

[coin-investor]

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.

That's not true, with or without a license a casino could scam you, a license is not a guarantee that you are safe you have to always check the status of the casino you're playing, the license shows that they are compliant with the regulatory board like AMLAC, and they show seriousness in running their business because it cost money to get a license but you should not feel comfortable when playing in a casino because of the license there's a lot of casinos here who scammed their players even if their license is prominently displayed on their homepage.

I prefer to check the scam accusation here or independent casino reviewers to check the status of the casino than rely on a license, but you must also know how to weigh or check if the accusations are valid, any gambler can open an accusation but only a deep analysis can prove if the accusation will stand.

[Crypt0Gore]

No it's not guaranteed that a licensed casino won't scam but it's better to use a licensed casino that one that's not even licensed, they have the reason to steal your money simply because they are not licensed compare to the casino that's licensed.

Also those licensed casinos that scam people can still end up in trouble one day, if there is a lot of complains and reports, the law might decide to look into the case, but a unlicensed casino will freely walk away and it will be left for the users to be blamed, like why did they use a casino that's not even licensed?

To avoid all this craps, go for the most popular online casinos, or those that have good reputation, 1xbit turned scam and everyone knows about it, there is no point going into such casino to try your luck, you will definitely get scammed too, reputation speaks louder among online casinos.

[Strongkored]

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.

That's not a guarantee there are also licensed casinos that are also scams but because getting a license costs money at least it can prove a little that the casino is serious about the business they are developing and also prove that they have a budget because often capital is an obstacle for new casinos and think that building a casino business is like a certainty of profit and dare to start with minimal funds because they think when it is running will make payments from the profits earned but forget that getting players is not easy and there is also a chance that their players get a big profit that will lead them to difficulty paying players, so the house always wins is not 100% accurate.

[Oasisman]

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

Absolutely not. License is not a software that prevents a casino if they are attempting to scam their clients. It isn't even an indicator on whether or not a casino is a scam. License is a document that allows your casino to operate legally under the regulations of the authorities. However, licensed casino may not likely going to scam their clients because the authorities could easily track them down, but there are still instances where casinos will play tricks on their TOS.

[aioc]

No casino will come out here and boast that they are legit and reputable because they are a licensed casino, they have to prove that they are reputable by addressing all concerns and giving their players a good experience, a license is good but what they do and how they operate are the ones that define them that they are reputable.
Don't look at the license if you want to play at a casino look at reviews and check their TOS and privacy policy if they are deceptive any casino can scam you anytime whether they have a license or none, just be aware of the casino you're playing.

[Natsuu]

While having a license is a good sign that an online casino is legit, it doesn't mean you're totally scam-proof. Licenses set some standards, but there are still shady operators out there. To play it safe, it's smart to check out reviews and what other players are saying about a casino. Go for the ones that have a good rep and make customers happy. It's not just about the license, it's about the whole vibe of the place.

[gunhell16]

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 it's also not a guarantee that it can still be said to be safe because if the owner of a casino is greedy for money, it will still be able to rob the gamblers who trust their platform. I have seen many such things here in the field of crypto gambling.

One of the things I saw there was 1xBit; it was considered a regulated casino, but what happened was that they still managed to cheat their client users. There are other casinos like this that also created another issue where there was a withdrawal issue. Even if no violations were committed, it is shown that there was a violation. That's what you know if other things happen.

[TopTort777]

As others have said, it's not a guarantee, and I can say that it's not that expensive to get a Curacao License to start your online gambling site.

Never thought that licenses are so cheap. Really, with millions in turnover, taking 10-20k is just unnoticeable. 10-20k - and these are expenses if a person wants to start all from the scratch. I am sure that there are already pre-made or out-of-the-box solutions. Or previously created, ready to go businesses. Turns out that license does not give any guarantees at all. I can compare it with cooper membership here. Projects buy it to look more reliable, yet can easily turn scam.

[Huppercase]

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.

Scam is different from officially knowing a casino and by official, the company is given a green light to operate without any problem or possibility of been sued. When a casino is licensed, it means the that the government recognized them as a business enterprise with aim of serving a particular purpose and as such they will in return pay task for in the place where they are been recognize and no anyone can come for them but if the are not license and they keep operating in such place, the government can sue them for good and be force to pay them.

However, a company is licensed doesn't mean they can't scam. I have seen people one time flood a particular casino and sportsbook on Twitter for not allowing them not to withdraw money, they resolve the issue of some but there are some people that are yet to access their money because the platform claim the games they played was leak and was an insider work but people that played some of them don't even understand anything that was going on, just play and won but were denied that payment. I wonder if the government has lawyers that fight them or they are afraid that they will run and they might not get the taxes again.

[Ruttoshi]

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.

You can never tell who is a scammer because they will dress gorgeously and speak good English, that doesn't mean that the outlook of that scammer will change him from scamming his victims when he sees them. Likewise with a casino, a casino will have every legal right and license to operate so that they can gain the trust of people and before you know it such casino can scam their customers.

It depends on the casino operators, how transparent they choose to be with their customers, which means it depends on the individual mindset towards opening the casino. If the owner lunched his casino to scame people, that is what he will do, and if he opens the casino to allow people have fun and entertain themselves without thinking of scamming his customers, this is how the casino will operate.

I have being in this forum for some months now and most casinos are always having scam complains by forum users here, some casino solves their problem and some don't, and all of them have license from the government.

[TopTort777]

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.

Scam is different from officially knowing a casino and by official, the company is given a green light to operate without any problem or possibility of been sued. When a casino is licensed, it means the that the government recognized them as a business enterprise with aim of serving a particular purpose and as such they will in return pay task for in the place where they are been recognize and no anyone can come for them but if the are not license and they keep operating in such place, the government can sue them for good and be force to pay them.

However, a company is licensed doesn't mean they can't scam. I have seen people one time flood a particular casino and sportsbook on Twitter for not allowing them not to withdraw money, they resolve the issue of some but there are some people that are yet to access their money because the platform claim the games they played was leak and was an insider work but people that played some of them don't even understand anything that was going on, just play and won but were denied that payment. I wonder if the government has lawyers that fight them or they are afraid that they will run and they might not get the taxes again.

That license and government recognition does not mean anything. Find 20k, find a homeless guy to register a casino on him and you are ready to scam people. Here in Europe you can register a company with 10 EUR fixed capital, pay some fees and you are ready to go to bank, open account and start money laundering (but that wont last long), or get money from creditors and go bankrupt.

First I thought that licenses cost 100k, or you have to get a license for every slot/table you have. But as Kemarit posted, 20k and you can open a new casino every day. What can government do, if casinos bank account is empty? Freeze empty account? Sue someone? I dont think they would put in jail that guy for not paying taxes (that what government will only care about).

[angrybirdy]

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.

For me, I think this is not a guarantee to think that we're safe, License is one of the requirements of a casino to our government to operates in a legal way, and that doesn't mean they won't fool us, Besides we don't know what their associates are doing behind the casino company. We all know that sometimes even those well known and legit gambling casinos still have problems like fraud and scams.

[khiholangkang]

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

No, it’s not a guarantee.

Take 1xbit.com for example, it is a licensed casino but that did not prevent them from their scammy activities and the same goes for other casinos that have being labeled as a scam in this forum but yet have acquired their license.

In my opinion, it can be said yes or it can also be said no, even so, 1xbit is a stain on casinos that have a license because they commit fraud on many of their members.
But with a license also as confirmation that they are legal, and their casino operations are in a state place, but when talking about guarantees or not, I also do not deny it, that there are many incidents of any company when it already has a license committing fraud.

If asked whether the license is a guarantee or not, I also have the same opinion as you, namely "No", the license is only a sign that they are registered and under certain government regulations.

[Wexnident]

~

I think this has been asked quite a few times already, I remember this was asked just like a month ago or so tbf. And as I've always said before, a license, especially if it was a curacao, isn't a 100% guarantee. It's some semblance of reputation to the casino itself, but as I've researched a couple of months back about curacao, it's really bloody easy to get one to the point where it's reputability has come into question quite a few times before. Nonetheless, it's still used by major casinos hence why I think it still holds onto that semblance of legality.

You can probably choose casinos that are licensed to be safe, but do your own due research still with it as well. Don't just play on it immediately after seeing a license.