It could be that the operators of Betcoin are channeling their funds through a Hong Kong registered company for tax evasion purposes. Companies registered there pay zero tax on income earned from outside Hong Kong. You are right that online gambling is illegal there so they would be laundering money first by passing it through intermediary companies or payment processors which are all outside HK. If they are doing that it seems to me to be a pretty dumb thing to do to reveal that in their terms.


Betcoin is in the business of offering gambling services to Americans, so they have been very careful to not reveal the associated company names. All through their terms they just refer to themselves by domain name as a proxy for "we", "the company", "us" etc. Their domains, owned by a Stephen Lee, have all other info privacy protected. The domains are routed through cloudflare which hides the server's IP address and location. They aren't going to give you a company name because the operator does not want to be found.

There are many, many online casinos that state that they are "licensed" by Curacao or Costa Rica or Belize or myriad other places when in fact they only own a shell company and host their website there. In many cases the jurisdictions (like Costa Rica) don't even issue licenses for operating an online gambling site. The Curacao statement in the terms is an indication that they are probably hosted there. As you say, Curacao eGaming does issue licenses but sites that have one almost alway display a linked seal on their website. I can't find one of those on Betcoin's site. As far as I can tell, Betcoin is not licensed to operate an online gambling site by anyone, anywhere.