Surprised,
I live in Gibraltar which is UK overseas territory and also has an offshore status and many online gaming sites have their (real) offices here but under different regulation and conditions than Curacao.
However, setting up an Offshore company in Gibraltar is very similar to other offshore countries and please believe me when I tell you that you have no idea how these things work.
I really don't mean to be rude and I could write about 1200 words right now explaining how setting up an offshore gaming company works, how you apply for your licence, the reviewing process, company registration and so on.
The very best players could get to with a legal class action "in Curacao" would be that the licence currently displayed would be revoked.. in something like 1-2 years till the whole case is over. And this is just taking class action against the Cipaco shell on the island which to 95% only has a mailbox at the law firm who registered them and handles their fees and other stuff.
Those law firms, which you can also find in Gibraltar, register your company for you for a fee, provide you with a local address (usually in their building) and handle all legal affairs, fees and other stuff for you. So basically "there is no Cipaco" in Curacao and I'm 95% sure of that.
Now if you look at the Cipaco website you'll see that the domain is parked so that "company" who is displayed on Lock's licence doesn't even have a website. As we already found out earlier the Cipaco domain though is owned by JDB Services NV and again ( like mentioned above) JDB owns the domain lockpoker.com and is (one of) their payment processor(s) same as conrifil.com who is also owned by... JDB.
So we're now at a point where you would actually want to find out more about JDB in order to take legal action against Lock not just have their licence revoked.
And now the cat and mouse game begins. JDB Services NV and lock show in their domain look-up Cyprus as their business address but then again looking up some business directories that JDB also has an address in Holland. However any trace you take always shows Willemstad as City. Forgot France.. shows up too lol.
So after taking your "class action" against Cipco NV you're now chasing the rats tail to actually trace down the money.
Scenario two:
You get your complaint through, CIGA requests an account audit with "Cipco" and all of a sudden Jen shows you segregated player funds but tied up in Cyprus and we all look stupid which wouldn't be our fault but still....
Scneario three:
You get your complaint through, CIGA requests an account audit with "Cipco", turns out there is no Cipco, licence revoked and you still don't get your money cause Cipco never had any.
Edit:
Quote Don:
Quote:
I blame myself for thinking that Lock Poker had a licence. They used to have the Malta Licence, I only realized recently that it was Curacao.
I believe that was the licence they had under Merge and you're right about Curacao.. BetSharks ring a bell?