The reason why casinos is being regulated is not to protect consumers. If it was for consumers sake, then what have they been doing to help those addicted gamblers and in which way are they helping to promote the knowledge of responsible gambling? I believe that their main reason for regulations is tax collection and monitoring of money laundering issues.
We have seen thousands of scam accusation complaints on the internet. How many of them were resolved? In most cases, the scam happens once the user wins a hefty amount of money in a casino. They do not scam a hundred dollars; they always target big amounts, which are usually bigger than a thousand dollars. Sometimes, it's life-changing money for some people. But since it's an online casino, players usually don't know what to do and where to complain.
Only a tiny percentage of players create scam accusations in the forums, and some others end up contacting mediator services like Ask Gambler and Casino Guru. Imagine the real number of players who got scammed but never got any help from anyone. Has the license provider ever audited any casinos? I don't think so.
Very true and unfortunate, some time in the past, I talked about what really is the benefit of the license that casino strive to own or have in order to prove to the gambling community that they are legit?, it's really unfortunate that even with this licenses, online gambling casinos will scam/defraud their users, continue to operate and act like nothing happened, and this is why many still prefer to gamble on offline casino, because in offline casinos, such issues as the casino trying not to pay a gambler his or her winning is very rare, since they have a physical office, store or hall where people go to, and they have a manager and customer service personnels that the gamblers can see and talk face to face with.
And though, even as an online gambler, becoming to victim to such scam can actually be avoided, and the only way I think that can be done is by choosing to only play on reputable casinos, casinos that their user base, hardwork and achievements have proven their legitimacy in and to the online gambling communities - one of such casinos if Stake.com