License is only beginning. Reputation requires more time to achieve and even good casino with good reputation can break its own reputation. We can not know when it happens but if it is an old casino with good reputation, we have something good and solid to put our belief on.
The safe approach is never put all money in one wallet, one cryptocurrency, one exchange, one casino. This approach is helpful to apply for casino too. I believe in Roobet.com casino because they are very good so far but as said, people should have their safe approaches and management for their capital.
Exactly, the license doesn't mean that you are a casino with a good reputation but it helps for the general image. I have already seem multiple scam casinos that all had a license. The saying also goes: it takes ages to build a reputation but you can ruin it in seconds... It is key to always maintain your reputation by solving all issues in a correct manner.
To get a license probably you need to spend from$10K to 100K or even more depends on the license you are buying so its nothing but anyone can get if they are willing to pay the fee for license. Meanwhile to get reputation it may take a while even few months can be enough in this fast moving world, only thing a casino should do is to satisfy the players and give whatever they won with not much of complications.