Quote:
Originally Posted by Chris Costigan
I stand by what I stated above....a license in Curacao means nothing as the folks who got stiffed by Aces Gold in 2004 can attest to. There were others that closed shop in Curacao thereafter with no player recourse.
Malta is another joke of a licensing agency (i.e Everleaf, etc..). I think Lock briefly mentioned a Malta license when they were with Merge.
Let's not even tough on Kahnawake.
I am just saying these licenses are BS.
You're confusing me.
Lock Poker thinks they hold a licence regulated by the Government of Curacao.
Which I agree if they had it, it means nothing. So there is absolutely no chance of player recourse, if Lock Poker does anything wrong.
Alderney, Isle of Man, and Gibraltar are probably the best to have and they do hold some weight because in order to do business in the UK, an operator will need a licence even if they are offshore.
All of the above licencors require that audits are conducted to ensure player deposits are available and/or segregated. The rules vary from one to another.
In going further with the UK, operators will have to submit an application to the government.
The reason I mention the UK is because it has decent gambling regulation and also is a big piece of the market. Lock Poker will not be able to do business in the UK very soon without showing solvency as the UK is extremely strict when it comes to allowing operators to provide gambling there.
Lock Poker is going to need to get a licence from Alderney, Isle of Man, Malta or Gibraltar.