Do you know if Bitvest.io has a gambling license? I remember reading TheQuin saying that 777coin does not have a license.
They don't have a license. For this kind of entertainment platforms, it is almost impossible to get a license. And let's be honest, often the license does not protect from anything.
Gambling license is important because the licensing authority keep a check on the gambling site and ensures that it is properly audited. Also having a gambling license is proof that the site is fair and it is according to the laws or standards. Strange to know that bitvest being one of the oldest and trusted site is not licensed.
I do agree that gambling license is important to increase the credibility of the casino.
However, I believe, bitvest or 777coin doesn't have one up until now, because they already established their reputation in this community.
So even if they don't have the license, still, many players are continuing to play on these sites.
Maybe, if no to few will play on these sites, the management will start thinking to get one or just close down the site.
Getting the license is still the prerogative of the site owners, it is not a compulsory requirement to run your casino.
Though mostly for new casinos, having a gambling license is an advantage for them to build their integrity.