License: is it a guarantee?

[Natalim]

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.

That's why there's never a guarantee that a casino would not cheat us because they have the license. I think we have plenty of casinos that has a license and yet they don't have a good reputation, still they won't be able to attract gamblers. And not all license casinos does not scam their customers, some are scamming customers but customers sometimes does not puruse to file a legal action, and that's the reason why they are still operating legally.

The most important is, reputation, then License.

[ethereumhunter]

Having a license does not guarantee that a casino will not cheat its customers in the future. But if a casino has a license and can provide services that satisfy its customers, the casino will gain a good reputation over time. It can become one of the casinos that many people will recommend. But reaching a trusted casino is not easy, and it is not enough to have a license. Casinos also need to do many things, such as promotions and interactions with their customers through their threads on this forum or other forums. We as customers also have to be careful in choosing a casino because there are no guarantees for us. And to prevent bad things, we can only limit ourselves to gambling.

[Die_empty]

Having a license does not guarantee that a casino will not cheat its customers in the future. But if a casino has a license and can provide services that satisfy its customers, the casino will gain a good reputation over time. It can become one of the casinos that many people will recommend. But reaching a trusted casino is not easy, and it is not enough to have a license. Casinos also need to do many things, such as promotions and interactions with their customers through their threads on this forum or other forums. We as customers also have to be careful in choosing a casino because there are no guarantees for us. And to prevent bad things, we can only limit ourselves to gambling.

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.       

[YOSHIE]

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

As far as I know, a license is not to be used for fraud and cheating in the gambling industry. A gambling license is to have official permission from a government authority, where the online casino operating looks legal, that's a licensing point of view.

This is different from acts of fraud or cheating, generally the casinos that operate here have a license in general, but we still see negative things, whether for users or the casino itself, conclusion: the license does not guarantee you a loss, the license is only to act as a site that is officially recognized by all elements, especially users, who want to bet at a particular casino.

[Lida93]

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

As far as I know, a license is not to be used for fraud and cheating in the gambling industry. A gambling license is to have official permission from a government authority, where the online casino operating looks legal, that's a licensing point of view.

This is different from acts of fraud or cheating, generally the casinos that operate here have a license in general, but we still see negative things, whether for users or the casino itself, conclusion: the license does not guarantee you a loss, the license is only to act as a site that is officially recognized by all elements, especially users, who want to bet at a particular casino.

It is not to be used for fraudulent practices against the customer's but some casinos still go on scamming their customers despite having a valid license. Some of them do it in a cloak they may not exercise these scamming act outrightly like denying customer's of making withdrawal of their winnings, it could be done through probably unfair gaming system, technically taking advantage of their customers.

The issue with the government that have led to increasing number of scamming casinos including with those that have government valid license is that the government have felt so relaxed and reluctant to act with full force of the law against these erring casinos maybe due to the huge taxes they are receiving from the gambling industry. But it's left for the gambler to safeguard himself from being victimized by making used casinos that are well known for their long time reputation in the industry and not just only base on license validity.

[knowngunman]

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.

It's not actually but in as much as license is not a guarantee that casinos are 100 percent safe, it still a positive sign after all because licenses provide some level of protection for players and the regulatory bodies have the power to revoke their license and impose fine on such casinos who engage themselves in any illegal practices. Sadly, the regulatory bodies do not care any longer because they are after the pay and as long as the casinos are complying with their payment terms, they will deaf ears to users complain and pretend to know nothing about the scam accusation.

Based on that note, license doesn't guarantee that casino is is completely safe and secured despite they are being registered and regulated by the government. Some of them are out there purposely for scams and fraud. As a player, one needs to be cautious and one important thing is to never store your funds in casinos account for a longer period.

[Apocollapse]

It's funny to see most users are replying "No, but bla bla bla etc"

I mean, it's obvious license has nothing to do with the casino's reputation and doesn't improve anything.

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 game house fairness depends on the casino, while slots fairness depends on the gambling providers.

[Yamifoud]

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.

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.

[PX-Z]

It is not of course, have you seen some reputed casino who builds their reputation for how many years yet become suspicious and then scamming it's users? Scam accusation boards are lot of them especially the casino representative who has lots of negative feedback.

Even though it is not guarantee that casino will not become scam, but it still important on who and what casino you should use, although it is not bad to use unlicensed casino depends on different factors like reputation, but having a license is still very important on what to use especially if it's a new casino.

[robelneo]

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

Every time there's an accusation against a casino here I never ask or wonder why they scam when they have a license because it's not a guarantee that a casino will not scam, this is their seal of compliance that they can ask for KYC to their clients based on the terms on Anti Money Laundering but anytime if a casino is losing money they can scam their players and eventually shut down and those who they scam need to present their accusations on the court and some courts that the casino platforms have chosen are favoring them.

You can ask a newly launched casino about a license but you should not become comfortable that they are not going to scam because of their license, so be vigilant and take each accusation seriously, that's a hint that something bad is happening in the casino you're playing.

[Johnyz]

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.

This is not a guarantee but at least it can give you a peace of mind and usually the top casinos today have their license secured and that's why many gamblers preferred to gamble with them and we cannot blame them not to trust casinos without a license. Personally, I always look on their license because it shows how committed the site is especially on securing their players and proving that they are legit business and here to stay. The risk is still there so make sure not to put too much money on any casinos, better to play and withdraw all the time.

[rhomelmabini]

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.

Well, at first if your casino doesn't have one and want the community to require that may seems legit but still that doesn't make a guarantee or even if they'll start with having one. You may have that notion that it is but it isn't a full proof that they will not scam their customers. We've seen in the past that even those who has multiple licenses will still rug and that should be taken into account to all gamblers.

[m2017]

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.

Having a license gives a slight advantage over a casino without a license by creating the illusion of reliability. In fact, what guarantees can there be when you give your money into the other hands? Be it a casino with or without a license, and the same with exchangers, landing platforms and the like. The license will not protect you in any way if the owners of the casino decide to scam, go bankrupt (if applicable to the casino), or simply don't want to give up your money under one or another flimsy pretext (starting from passing KYC and explaining the origin of the funds).

[coupable]

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 would like to answer two points in your post:
-First, licenses can give part of the credibility to the casino, but there are other elements that must be integrated to say that this is a fair casino or not. In many cases, licensed casinos turned into scam projects, and the users did not realize that they chose the licensed casino in order not to lose their money.
Licensed casinos are subject to monitoring of their activities and legal accountability in cases of complaints. This is considered good, but not a complete guarantee.
-Secondly, it is possible to manipulate to obtain these licenses, and there are countries that have laws that grant these licenses easily to any company that wants to operate in exchange for paying taxes. These countries are like tax heavens for money launderers because in cases of complaints or suspicions, there are no legal consequences or serious accountability. That is, the issue of licenses is not evidence of any guarantee, especially since most users do not know anything about the types of licenses or how to obtain them.

[ajiz138]

It is not of course, have you seen some reputed casino who builds their reputation for how many years yet become suspicious and then scamming it's users? Scam accusation boards are lot of them especially the casino representative who has lots of negative feedback.

Even though it is not guarantee that casino will not become scam, but it still important on who and what casino you should use, although it is not bad to use unlicensed casino depends on different factors like reputation, but having a license is still very important on what to use especially if it's a new casino.

That's even many casinos have a long reputation but they ignore the suspicions raised on the accusation board even though the casino has a license, so indeed this is no accurate guarantee.

We always look at other factors especially new casinos launching in the near future, surely we as casino users will have a thorough including looking at the licenses listed, if not then we will ask why the casino does not do that as a validity including in general casinos.

[goaldigger]

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.

If its a physical casinos then having a license can be a guarantee that you are dealing with the legit casinos.
If its in crypto casino, there's still risk and its not guaranteed that the site will not turn into a scam because a we all know even the top exchanges can turn into a scam so the risk will always be there. Remember not to use any crypto casino as your wallet to save crypto because it is not advisable and you still have no control on that wallet.

[Litzki1990]

Online gambling casinos run the casino with valid license with KYC verification but if they want to cheat then this verification will not be much of a factor for them. If they have a plan in mind to commit fraud then they can use wrong information in their KYC verification beforehand. If KYC verification is done with wrong information and license is done with wrong information, then even if such online casinos cheat, the police will not be able to identify the real culprit. Like the risk of losing money in gambling, another thing is the risk of the casino sites cheating.

[Wapfika]

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.

It doesn’t guarantee that casino won’t scam but it will give you a little bit peace of mind since the casino is regulated by a licensed provider which means you have a chance to file a case and other legal once you encounter a problem compared if you are playing on a casino that doesn’t have a license since you have no means to contact the owner once they decided to run.

License is a must now that there’s already a lot of established casino with licensed that offers a better service. Although there’s still casino that still committing selective scamming despite they have a license but it’s worst to choose casino without license because even casino with license commit scam too.

There’s no such 100% no scam guaranteed casino but there’s a lot of casino that is reliable for a long time that has a license which you can use as basis on deciding what casino to use.

[moneystery]

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.

[tjtonmoy]

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. It has nothing to do with guarantee. It does not provide any kind of insurance to the gamblers that they won't get scammed by the platform. I think the platform will face some kind of consequences for the license, but the gamblers do not get any kind of insurance from it.

Gamblers choose those platform with license thinking that it ensures an extra layer of trust. But in reality it does not do anything to the gamblers. But when you have the option to choose a platform with a license, why would you choose some shady platform that does not have it?