What's certain is that they are not licensed. They already confirmed this in one of their replies in this thread.
The FAQ section must be clear and provide straight answers which is not the case in their response to the question about being licensed. It looks like they are, for some reason, trying to avoid giving a straight answer (Yes, we are. / No, we arent.)
The way I interpreted it is that they don't have a license but their software and games providers are licensed.
Aside from not having a license, they are not even registered as a company, which makes them completely illegal. No wonder they refuse to answer that question clearly. They impose strict terms of service on their customers, enforcing non-negotiable rules about, for example, the size of a user's funds, but at the same time, these terms have no bearing on legal enforcement and can be broken at the whim of the owner of the platform. Such a setting is extremely unfavorable for the users, as they are left without any legal recourse should things go wrong.
^ Then, they should be avoided which is clear they don't have a license.
For a gambling casino that does not have a regulator, it could be prone to fraud, no one evaluates them so they are free of what they are going t do.
I think because of this many gamblers are avoided for the same reason, they are afraid of the non-licensed casino which is easy to find an other casinos that have a good reputation, and most of them are licensed casinos.