GxSpin Casino Is it Legit?

GxSpin Casino Is it Legit?

Is GxSpin Casino Legit?

It’s completely understandable why you might be feeling a little cautious about GxSpin Casino, given how it’s still probably a very new and unproven site at the time you’re reading this. Is it worth trusting it? Unfortunately, the answer – at least in our eyes – is no. There are many reasons why, but the main ones are a lack of license (which we’ll explore a bit later in more detail) and contradictory terms and conditions that feel more like “traps” intended to steal away your money on technicalities rather than genuine terms of service.

Who is the GxSpin Casino’s owner?

GxSpin Casino is owned and operated by Fortaprime SRL, a company that doesn’t have much of a footprint on the world of online casinos just yet. In fact, they only have one other casino site under their belt as of the time of writing called LuckyMax, and reviews from players regarding it have been very mixed. Overall, although it doesn’t seem like Fortaprime is engaging in rampant fraud or anything of the sort, players still seem to be underwhelmed by their offerings.
GxSpin Casino license
Every online casino needs to have a license – at least, if it wishes to operate legally. A license is issued by a regulator that specializes in overseeing various online casinos, and as such is capable of determining whether the site is following the rules or not. If it isn’t, and it’s been found to scam players, its license can be suspended – something that has happened quite a few times in the past, even to casinos we’ve reviewed and identified as potentially fraudulent! Although not every licensed casino is guaranteed to be legit, having a license means that the site is at least willing to do the bare minimum to protect its players.

But having a license means that you also need to be accountable, which is against the interest of fraudulent sites. So, how can they have their cake and eat it too? It’s simple: just lie about having a license! Hell, you don’t even need to “technically” lie, just make it sound like you have a license! That’s exactly what many shady casinos (like GxSpin) have been doing by claiming to be “licensed by Costa Rica”, which is technically true. But what they won’t tell you is that this is referring to a business license, not a casino one. Costa Rica does not have a gambling authority, and the license GxSpin has is equivalent to that of, say, a massage parlor or a grocery store. It certifies them to operate a business on the territory of Costa Rica, and nothing more.

GxSpin Casino complaints & disputes

Having a license is extremely important because, in most countries, it’s only legal to play at licensed at regulated casino sites. This means that (although it’s unlikely) you could get into trouble with the law if you play at an unlicensed casino. However, that’s not the real reason why we recommend that you avoid them – no, the real issue is that, if push comes to shove, you want someone to be in your corner. Granted, most regulators (like Curacao for instance) won’t return you your money if you get scammed, but they’ll definitely penalize the casino. And in the absence of a carrot, the stick can often be enough to keep casinos on the straight and narrow.

But what happens when you have neither a carrot nor a stick? What if, no matter how hard the casino scams you, they will face no repercussions for it? What’s to stop them from scamming you them, besides their pinkie promise not to? That’s right: nothing at all. Without a regulator that can growl at GxSpin Casino, you’ll have no one to file a complaint with. Your only recourse is to write the casino itself and politely express your complaint, but you can imagine how likely that strategy is to work.