From the Desk of Max Drayman
At Casinomeister, we’ve had a few complaints about Vave in the recent past, both on the forums and through our Player Arbitration (PAB) complaints service, but nothing of specific concern has emerged. From that point of view, things look pretty good.
What is a bit worrying is their license status. To make a long story short, the casino seems to have changed ownership recently and is now operated by a new company which is incorporated under the laws of Costa Rica. Will Costa Rica then be the new licensing jurisdiction for Vave? Or will something else emerge from their corporate transition? Impossible to say at this point, but everyone knows — or should know — that Costa Rica is not a regulated jurisdiction: they sell business licenses and that’s all a casino is to them, just a business. No licensing requirements specific to the iGaming industry, no oversight, no dispute arbitration process required by the license.
Costa Rica always has been — and until we have proof otherwise, still is — the ultimate “hands off” casino license. That may be well and good for the casino owners but it’s a big black hole as far as players are concerned and should be read as a billboard-sized “player beware” warning. Given the uncertainty, players should be aware that they may be playing at an unlicensed (or very weakly licensed) casino.
