Quote from: shield132 on Today at 02:03:12 PM

Quote from: seoincorporation on February 13, 2024, 03:50:58 PM

That's a great answer, the license is a part of the 3rd party games, and is the way to trust those non-provably fair games. Some users like to play those fancy slots even if they can't verify the rolls, but they feel the game was fair for the simple fact that the site has a license.

Just to conclude the topic, a license is not a warranty for the users. We have seen a lot of licensed casinos who has a terrible reputation, but their marketing strategies is so strong that they keep getting new users, and more than 50% of those new users will end up having a bad experience.

Thank you. Yeah, a license means nothing because there have been many websites with a license but still scammed. In crypto casinos, the license is not a guarantee of a casino being honest and 100% payable. There is 1xbit with Curacao license that has always been scamming people, they still scam and because of the marketing, they are able to still attract new customers. They are licensed but it doesn't help, as far as I know, no customer has taken their deserved money from them.
As far as I remember, freebitco.in and bustabit.com didn't have a license but to this day they have not scammed anyone. Now both of them have a license but they were as trustworthy before acquiring a license as they are today.

Well, you are right, this is same thing I said about casino and their operational licenses like several weeks ago.
License is never a guarantee that an online gambling casino can be trusted, I can say or tell you that most of the casinos who obtained this licenses only do so for probably two reasons...
1. To be recognized as a business by the government issuing the license, this possibly enables the casino to pay taxes as a business, to avoid harassment and possible sanctions in the future, for tax evation and other related offences.
2. To appear as a well recognized and legitimate business in the eyes of users, you will agree with me that, even though having a license is no longer a guarantee that a casino can be trusted, most have gamblers, especially those with big bags of money, may like choose a licensed casino over an unlicensed one, as they feel some level of security when playing on a government recognized casino.

This is my thought.