lyoncub said:
...However..the fact that a casino continues to accept deposits and have the website up and running when they are obviously out of business seems rather
ominous to me.
What is to prevent ANY casino from doing the same thing?
Makes me very wary of EVER depositing real money into
any type of gambling endeavor.
Are there no checks and balances? No laws pertaining to this obvious fraudulent behavior?
It all seems extemely risky to me is all.....so I was curious.
Sorry, lyoncub,
No need to apologize, sometimes I assume players know a few things. I welcome post like yours since it gives us a chance to relook at the basics.
This industry is highly unregulated and will probably remain so for the next couple of years. So in essence it is self regulated. How? By software providers who monitor and "regulate" their licensees, by grass roots movements like message boards and high profile portal operators, and by companies like eCogra which hold casino operations to a certain set of standards.
Choosing an online casino, and to reamain in safe confortable hands takes a bit of homework doing on the players' part. They should take care in finding out whatever they can about a casino operation before making a deposit. Unfortunately, this industry thrives off of spontaneous buys of FREE CASH!! etc. which supercedes common sense of doing a little pre-emtive investigative work.
It
is risky. That's why they call it gambling

But in large groups you are in safe hands. Check out the casinos that are promoted by some of the bigger portals or casino information sites - this one, winneronline, gonegambling, got2bet, wizard-of-odds, etc., and see who they are promoting. These portal operators are concerned about this industry as much as I am and will make their sponsored casinos go through a litmus test of some sort. You are in safe hands about 99% of the time with these people.
Lest we forget, reputable casino operators are just as concerned as players are about providing safe fun play. This is their business and industry and grimace every time it is tainted by the likes of casinos like casino1x2 (what a stupid name by the way).
to accept deposits and have the website up and running when they are obviously out of business seems rather ominous to me.
The guy is in a state of denial. He needs deposits to pay any debt, but as far as I know he's probably operating out of his home and can't pay the rent anyway. But how would you know this without doing a few google searches? You wouldn't know. That's why player safety is still in the hands of the player.
And like I mention in the reputable section
https://www.casinomeister.com/accredited-casinos/ Avoid casinos "licensed" in Belize. I wish anyone luck in getting this third world Central American country (it's not an island btw) to do anything about casino1x2.
But how would you know they are in Belize? Research, ask questions, and watch your back.
Final note: as I implied, there are many good upstanding operations, and it is a shame when roguelike operations are allowed to take people's money. But this does not happen too often. I'm sure Ido is a really cool guy. He just can't get his shit together. And this happens mainly because the operators haven't a clue on how to run a casino and they run themselves into debt. It's not so much a criminal factor; it's too many people trying to get a piece of the pie.