The popularity of unlicensed casinos has grown significantly in recent years, and there are several reasons for this. From the higher availability of bonuses to lower restrictions on deposits, casinos without licenses offer several benefits to players.
Yet, there are some downsides that make people hesitant about signing up on unlicensed casino sites. This article discusses the pros and cons of playing games on these platforms.
An unlicensed casino in Europe – how it works
A casino without a license is an online gambling site that does not hold a license from Scandinavia, Holland, or Germany’s gambling authorities. Popularly used by European players, the term refers to casino platforms with valid gambling licenses from foreign regulators. This includes Malta Gaming Authority (MGA), Curacao e-Gaming, UK Gambling Commission (UKGC), and so on.
These sites do not have permission to advertise themselves in Scandinavia, Germany, or Holland. While licensed casinos operate under strict laws, there are lower restrictions on the activities of unlicensed ones.
According to the gambling experts at svenskacasinonutanlicens.se the latter option is safe and reliable as it is monitored for fair play and fraud-proof gaming.
The benefits of playing games at an unlicensed online casino
There are several advantages to signing up at a casino without a license, both for new and experienced players. The following are the major reasons people prefer playing games on these platforms.
- Loads of promotional offers
- Low restrictions on deposits
- Easy and quick payment options
- Safe and reliable gambling option
- Higher chances of winning big rewards
- Extensive and high-quality game range
Loads of promotional offers
Due to heavy regulations, licensed online casinos provide only a limited number of promotional offers. On the other hand, unlicensed gambling sites offer loads of bonuses to their players. This includes deposit bonuses, weekly cashbacks, tournaments, free spins, and more.
For instance, some platforms offer cashback to help players deal with their losses better. What’s more, there are VIP schemes available on several sites that benefit regular players. Such incentives enhance your chances of winning while playing casino games, making the overall experience rewarding and worthwhile.
Low restrictions on deposits
Unlicensed casinos do not face the deposit restrictions that licensed ones face. Due to this, such sites place minimal limits on deposits. This consequently enables players to increase their stakes, make the most of their bonuses, and improve their chances of winning bigger rewards.
Furthermore, the processing time is low for payments at unlicensed casinos compared to licensed ones. Note that while the restrictions are low, the foreign regulators keep the safety of players in check at all times.
Easy and quick payment options
All the top unlicensed casinos offer a range of instant and safe payment methods to make deposits and withdrawals. You can use your BankID to enjoy a seamless payment experience on unlicensed sites.
These options make it easy for Scandinavian players to process transactions conveniently. For instance, several platforms offer instant payment methods like Trustly and Zimpler. Players can even opt to pay through cryptocurrency.
Safe and reliable gambling option
It is a common misconception that since unlicensed casinos are not heavily regulated, they are unsafe for players. In fact, foreign licensing authorities keep a close eye on the operations of such platforms and protect players from scams and fraudulent activities. Furthermore, they promote fair play and responsible gambling to preserve the users’ well-being. Such regulations make casinos without licenses trustworthy and dependable.
Higher chances of winning big rewards
The higher the bonuses you get and the deposits you make, the greater your chances of getting rewarded while playing online casino games.
Unlicensed casinos operate under low restrictions on both payments and promotions. Therefore, players on these sites have more freedom to put in higher amounts of money and enhance their chances of winning big. Another appealing factor is the weekly cashback that several platforms offer to minimize losses. All these aspects improve your winning margins significantly.
Extensive and high-quality game range
Due to government regulations, many licensed casinos are unable to offer a wide range of high-quality games to their players. In the case of unlicensed online platforms, players get to enjoy several premium gaming options from top software providers in the industry. This includes industry giants such as Netent, Pragmatic Play, Evolution Gaming, and more.
The downsides of becoming a player at an online casino without a license
Despite the many advantages of unlicensed casinos, players face some issues on such sites, as follows.
- Challenging to pick trustworthy casinos
- Taxes are applicable on specific winnings
- Not bound by the home country’s laws
Challenging to pick trustworthy casinos
Every day, a new unlicensed casino is launched in the market. There are many options to choose from, making it difficult for players to spot reliable ones. Placing your trust on the wrong site can lead to a loss of money. The best way to deal with this issue is to check out casino reviews and determine each site’s credibility.
Taxes are applicable on specific winnings
You are required to pay a 30% profit tax on your winnings from casinos licensed by the gambling authorities of Curacao or UKGC. This is not a problem if the site is licensed by an EU-based authority, like MGA for example.
Not bound by the home country’s laws
Unlicensed casinos are not regulated by the authorities of your home country. Therefore, it is not possible to legally file complaints with them in case of any disputes. Note that high-rated unlicensed casinos offer 24/7 customer support. So in case of any queries or complaints, you can contact them directly instead.
Is it worthwhile to choose a casino without a license?
To sum up, yes, it is definitely a great idea to choose a casino without a license despite the cons. This is because the positives that come from using these sites far outweigh the negatives. What players love the most are the attractive bonus packages and the easy deposit options. The limitations imposed on gaming at licensed casinos make the free nature of unlicensed ones even more appealing.
All in all, unlicensed sites offer a rewarding, fun, and worthwhile gambling experience. Sign up on a reputed online casino platform today and get started!