Kingbilly casino holding withdrawal

Speedy38

Experienced Member
PABinit
Joined
Nov 23, 2019
Location
Nl
Hi all, so today I did a small deposit at kingbilly casino took some nice profit and withdraw the money. A coupled hours later still no message that the withdrawel was accepted. So I logged in and the money was back too my balance. So I go with n the chat and they told me I need to send in 6 months of bankpapers. So I asked why first let me deposit en only asking for sow when I try to withdraw my money a lot of bla bla I told them pay me my balance and close my account and again a lot of bla bla. So told them I don’t send anything I don’t want to share my financial life with any casino so no they put on the table with a vip manager…. Just to be clear may a casino keep a withdrawel hostage till sow is completed?
 
King Billy is reviewed at Casinomeister

Speedy38

Experienced Member
PABinit
Joined
Nov 23, 2019
Location
Nl
Problem solved! Played the balance away and self excluded myself forever. Yesterday I can not withdrawel my money but I could still deposit! Dirty tactics from te casino don’t play here…
 

shady

Newbie member
Joined
Jun 15, 2022
Location
UK
Problem solved! Played the balance away and self excluded myself forever. Yesterday I can not withdrawel my money but I could still deposit! Dirty tactics from te casino don’t play here…

I would have atleast tried the suggestion above to see if you would be paid out but you played it out which they probably expected?
 

Speedy38

Experienced Member
PABinit
Joined
Nov 23, 2019
Location
Nl
I would have atleast tried the suggestion above to see if you would be paid out but you played it out which they probably expected?
Maybe they payed if I closed my account who knows I don’t care anymore! I think it’s very shady behavior from te casino to hold the withdrawel because of SOW but in the meanwhile I can still deposit money to my account.
 

perunamies

Sad Little Troll
Joined
Jun 1, 2022
Location
At home
I would have atleast tried the suggestion above to see if you would be paid out but you played it out which they probably expected?
This is why casinos stall. They know that a lot of gamblers are compulsive gamblers and that they will play it all away if stalling a few days.
 

toms596

Experienced Member
Joined
Mar 19, 2018
Location
Uk
Because it's fine for them if you are a money launderer they can profit from it if they don't have to pay out
 

Rs.Kingbilly

Accredited Casino Representative
Joined
Jun 20, 2017
Location
Ukraine
Dear Speedy38,

First of all, we’d like to think that all of us at King Billy are on the good guys’ side. And the good side is, of course, the players’ side. Who’s the bad side? Bureaucrats and regulators, who have forced on us (and, frankly speaking, all decent casinos) the Source Of Wealth paperwork. We are really sorry about this breach of liberty, but there is nothing we can do about this, whatsoever.

Dear Speedy38, since you are in this very special forum, you are, probably, a knowledgeable player with a lot of wagering under your belt. So, even though we understand your wrath, we believe you understand too that SOW is, unfortunately, here to stay, at least with MGA licensed operators.

Thank you for your understanding,

The King Billy Team
 

Speedy38

Experienced Member
PABinit
Joined
Nov 23, 2019
Location
Nl
I don’t think you get the point here, why first let me make a deposit and ask for SOW when I want to cashout? Then holding my withdrawel as hostage till I comply with the SOW. And why when you asked for SOW documents I can still deposit? So not my idea of fair play to be honest.
 

perunamies

Sad Little Troll
Joined
Jun 1, 2022
Location
At home
Dear Speedy38,

First of all, we’d like to think that all of us at King Billy are on the good guys’ side. And the good side is, of course, the players’ side. Who’s the bad side? Bureaucrats and regulators, who have forced on us (and, frankly speaking, all decent casinos) the Source Of Wealth paperwork. We are really sorry about this breach of liberty, but there is nothing we can do about this, whatsoever.

Dear Speedy38, since you are in this very special forum, you are, probably, a knowledgeable player with a lot of wagering under your belt. So, even though we understand your wrath, we believe you understand too that SOW is, unfortunately, here to stay, at least with MGA licensed operators.

Thank you for your understanding,

The King Billy Team
Show me a law that states that you must hold a withdrawal hostage until you get 6 months of bank statements. Hint: there is none.
 

Eliot85

Full Member
Joined
Dec 14, 2020
Location
Sweden
What happend here.. why do not the Goodguy respond to why they keep whitdrawals lm”hostage”
 

Rs.Kingbilly

Accredited Casino Representative
Joined
Jun 20, 2017
Location
Ukraine
What happend here.. why do not the Goodguy respond to why they keep whitdrawals lm”hostage”
No worries, I will respond to that as well. I am here for any type of questions. But the SOW cannot be skipped in any way, it is the obligatory regulatory tool from our licensor.
 

hogexd

Full Member
PABinit
MM
Joined
Aug 29, 2022
Location
Cash Cow HQ
No worries, I will respond to that as well. I am here for any type of questions. But the SOW cannot be skipped in any way, it is the obligatory regulatory tool from our licensor.
I have no idea whether or not these regulations have changed during 2022, but I can 100% say that I completed the wagering of your welcome bonus this january and withdrew €1800 and was never asked to submit 6 months worth of bank statements. That is absurd and no casino has ever asked for that much, even Casumo who are known for their consistently bad KYC experience
 

Rs.Kingbilly

Accredited Casino Representative
Joined
Jun 20, 2017
Location
Ukraine
Dear Hogexd,

The updates and requirements to go through SOW procedure were announced to our project in May 2022. We are not pleased to follow them as well as it makes many of our customers angry about Us. However, as long as we want to continue operating under MGA license, we have to adhere to the requirements of the regulator. I am not sure I can share others' threads, but if you check about another MGA licensed casino on CM forum, you will notice very similar complaint filed by one of the forumers. It is typical procedure for almost all MGA licensed casinos atm, and we wish to return back to 2021, and work without it, but...
 

hogexd

Full Member
PABinit
MM
Joined
Aug 29, 2022
Location
Cash Cow HQ
Dear Hogexd,

The updates and requirements to go through SOW procedure were announced to our project in May 2022. We are not pleased to follow them as well as it makes many of our customers angry about Us. However, as long as we want to continue operating under MGA license, we have to adhere to the requirements of the regulator. I am not sure I can share others' threads, but if you check about another MGA licensed casino on CM forum, you will notice very similar complaint filed by one of the forumers. It is typical procedure for almost all MGA licensed casinos atm, and we wish to return back to 2021, and work without it, but...
Thanks for the heads up. My KYC and SOW were quite fast, but If I had to submit 6 months worth of bank statements back then, it would’ve taken a lot longer..
 

Rs.Kingbilly

Accredited Casino Representative
Joined
Jun 20, 2017
Location
Ukraine
Show me a law that states that you must hold a withdrawal hostage until you get 6 months of bank statements. Hint: there is none.
Please, let me explain the reason behind document request: as a licensed casino, we are handling according to PREVENTION OF MONEY LAUNDERING ACT от 23rd September, 1994 Malta. Besides, as a MGA license holders, we obey the FIAU jurisdiction, which includes Implementing Procedures - Part I and Implementing Procedures - Part II (remote gaming sector). Therefore, we request the previously mentioned document due to the current legal obligation to regulations to ensure the up-to-date status of KYC verification.
 

justdoit

💩 Happens
PABnononaccred
Joined
Nov 22, 2021
Location
Flat Earth 😂
Please, let me explain the reason behind document request: as a licensed casino, we are handling according to PREVENTION OF MONEY LAUNDERING ACT от 23rd September, 1994 Malta. Besides, as a MGA license holders, we obey the FIAU jurisdiction, which includes Implementing Procedures - Part I and Implementing Procedures - Part II (remote gaming sector). Therefore, we request the previously mentioned document due to the current legal obligation to regulations to ensure the up-to-date status of KYC verification.
love to see when casinos online act like FBI CIA M6 Interpol, all EU UK banks give up doing checks on money laundering they just send all transaction to casinos online to check bank costumers, thanks to Casinos online they got so many criminals arrested on money laundering checks 😂
 

kunjuice92

Full Member
PABnonaccred
PABnorogue
PABnononaccred2
Joined
Mar 5, 2018
Location
Desk
Please, let me explain the reason behind document request: as a licensed casino, we are handling according to PREVENTION OF MONEY LAUNDERING ACT от 23rd September, 1994 Malta. Besides, as a MGA license holders, we obey the FIAU jurisdiction, which includes Implementing Procedures - Part I and Implementing Procedures - Part II (remote gaming sector). Therefore, we request the previously mentioned document due to the current legal obligation to regulations to ensure the up-to-date status of KYC verification.

Isn't this your license ?

The website kingbillycasino.com is owned and operated by Dama N.V., a company registered and established under the laws of Curaçao, with registration number 152125 and registered address at Scharlooweg 39, Willemstad, Curaçao, and its wholly-owned subsidiary, Friolion Limited, registered in Cyprus with registration number HE 419102 and registered address Leandrou, 12A 3086, Limassol, Сyprus. Dama N.V. is licensed and regulated by Antillephone N.V. (license no. 8048/JAZ2020-013).
 

hogexd

Full Member
PABinit
MM
Joined
Aug 29, 2022
Location
Cash Cow HQ
Isn't this your license ?

The website kingbillycasino.com is owned and operated by Dama N.V., a company registered and established under the laws of Curaçao, with registration number 152125 and registered address at Scharlooweg 39, Willemstad, Curaçao, and its wholly-owned subsidiary, Friolion Limited, registered in Cyprus with registration number HE 419102 and registered address Leandrou, 12A 3086, Limassol, Сyprus. Dama N.V. is licensed and regulated by Antillephone N.V. (license no. 8048/JAZ2020-013).
Google states that King Billy operated with a Curacao license in the past, but obtained MGA license in the spring of 2020
 

anddi32

Meister Member
Joined
Aug 21, 2018
Location
Finland
There is two different casinos kingbilly and kingbillycasino. First is MGA second is Curacao.
I don't know if they have anything in common or just similar names
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
It's all the same King Billy. It depends on where you are playing from which license applies to you - and since many licenses are connected to software providers and sub licensees, it can get convoluted.

The bottom line is that yes, if you are playing games or from a jurisdiction that involves an MGA license, you have to deal with SOW. This has been discussed in this forum for years - in fact I broke the news several years ago after a conference in Malta that SOWs are coming and folks need to get ready for these intrusive puppet-master demands.

We know the industry has gone tits up when Curacao decides to do the same thing.
 

mack341

Meister Member
Joined
May 8, 2018
Location
south east england
Sending your bank statements and financial docs to an unknown person at a curacao casino in order to get a withdrawal paid out, seems a bit risky to say the least. [I'm sure there are some good casinos there like 3dice]



face-palm-sylvester-stallone.gif
 

justdoit

💩 Happens
PABnononaccred
Joined
Nov 22, 2021
Location
Flat Earth 😂
Sending your bank statements and financial docs to an unknown person at a curacao casino in order to get a withdrawal paid out, seems a bit risky to say the least. [I'm sure there are some good casinos there like 3dice]



face-palm-sylvester-stallone.gif
Curacos casino never block your money is Stake casino, they ask me for Id I refuse they block me from playing, I withdraw open new account, 3-4 weeks later they ask me again for Id I refuse, same think they just block me from playing, looks like Stake casino is the saves one to play
 

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