Zet Casino

Quick summary on Zet Casino

Zet Casino, originally operated by the now-bankrupt Rabidi N.V., continues its operations under new management, raising significant concerns regarding its licensing, payment processing practices, and overall compliance.

Operation Without Valid Licenses: Following Rabidi N.V.’s bankruptcy in 2023, Zet Casino is now managed by Liernin Enterprises Ltd., registered in the Marshall Islands, and utilizes Mirata Services Ltd. in Cyprus as its payment agent. Despite holding an offshore license from the Philippine Amusement & Gaming Corporation, this license does not authorize operations within European jurisdictions.

Acceptance of Players from Restricted Regions: Zet Casino continues to accept players from the European Economic Area (EEA) and the United Kingdom without the necessary regional licenses, potentially violating local gambling regulations.

Lack of Know Your Customer (KYC) Procedures: Reports indicate that players can register and deposit funds without undergoing standard KYC checks, raising concerns about potential money laundering and underage gambling.

Use of Unregulated Payment Processors: The casino employs payment processors such as PaymentIQ from Worldline, Noda via the domain Bankstransfer.com, CryptoPay, and MoonPay. The involvement of these processors in facilitating transactions for an unlicensed operator raises questions about their compliance practices.

Redirected and Inaccessible Domains: The primary domain, ZetCasino.com, redirects to alternative sites like ZetCasino8.com, while related sites such as ZetSpins.com are offline, leading to confusion and mistrust among users.

Poor Trustpilot Ratings: Zet Casino holds a 1.5-star rating on Trustpilot, classified as “Bad” based on 277 reviews, reflecting widespread customer dissatisfaction.

Association with Bankrupt Entities: The casino’s connection to the defunct Rabidi N.V. and the continued use of its payment agents suggest potential financial instability and operational unreliability.

Regulatory Warnings: Regulatory bodies, such as the Australian Communications and Media Authority (ACMA), have issued formal warnings to Rabidi N.V. and its associated brands, including Zet Casino, for operating without proper licenses.

In summary, Zet Casino’s operations raise multiple red flags, including unauthorized regional activities, inadequate customer verification processes, reliance on unregulated payment systems, and negative customer feedback. These issues collectively suggest a high-risk environment for potential users.