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Your Input Please More transparency about casino owners necessary

Discussion in 'Online Casinos' started by hausse222, Mar 11, 2016.

    Mar 11, 2016
  1. hausse222

    hausse222 Experienced Member MM

    Sorry about my bad "school"-english, but this post should be only understood as an imput:

    Why isn´t it a condition for beeing licensed that the ownership of an online casino is made clear.
    You have no transparency about the people who are responsible for saving your personal identity, funds etc.
    Only if a company is publicy listed (like 32red) you have a chance to get informations about that.
    Because there is much money and very sensible personal data involved this informations should be open for the customers.
    If a customer don´t need this, he should play the unregulated RTG-Casinos. But what about the "serious" Netent- and Microgaming-Casinos
    that are licensed ?

    As an example: In the "about us" section the Casinomanager /CEO and the people at management level should me named and eventually informations given about them, e.g. former companies they worked for.
  2. Mar 11, 2016
  3. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Private companies are private companies. That's about it. Now, most licensing agencies will list the company being licensed, but to find the owners you would have to dig. If you feel uncomfortable playing at privately owned companies, then play at the casinos owned by public companies.

    But even if they are publicly traded, it doesn't exclude them from major snafus:

    Freddie Mac
    Lehman Brothers

    Catch my drift? :p
  4. Mar 11, 2016
  5. hausse222

    hausse222 Experienced Member MM

    You are right but the casinos would gain more trust, if the owners don´t hide themselves. Now the suggestion that money laundering, organized crime etc. is involved
    could not be refuted. (If i remember correctly there was a case with the people behind "leojackpot" and associated casinos.)

    Edit: Or this case
  6. Mar 11, 2016
  7. syntynyt

    syntynyt kuollut

    that still will not be helpful if they decide to pull bye-all stunt. wasnt publicly traded that microgaming casino with purple layout, don't remember the name, that after an increasing delay in payments and assurance that everything is alright in the end they stole peoples money after stock failure or something? or lock casino/poker, the owner was known and after paid discretionary biggish withdrawals to regain trust after a period of delayed payments, he stolen players money and gave major financial damage to Revolution network with some stunt. i don't see though why a well known casino will do this and take refugee status in holy land to safely use the money, this business is a healthy bread to eat for long term

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