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.
But still there are unlicensed casino's nowadays which are popular so we cant really make out some conclusions yet it is really better to have license somehow but of course cheap license do still impose
risk and doesnt really guaranteed out that you are dealing with a legit or non scammy site.Always stick with the top ranking or known ones and you would really be safe out of these things.
Just put up some time on making out some research rather than directly dealing on things without having some good preparations or awareness on things.