⚡️ More Than Just a License: What Did Casino Secrets Uncover About Offshore iGaming?

A license is in place, the documents are in order, and the casino is accepting traffic. Can you breathe easy? Not quite. The Casino Secrets investigation revealed just how complicated the inner workings of offshore iGaming can be — from casino owners to platform providers and payment infrastructure.

On September 22, an international group of journalists published an investigation into licensing in Curaçao and the connections between iGaming companies. The investigation covers more than 84,000 documents, over 2 TB of data, and around 1,000 companies.

📌For the industry, this story matters not so much because of the list of names and companies, but because of the questions it raises. How much can a license tell you about who actually controls a casino? Can companies be considered independent if they are connected through financing, infrastructure, and cash flows? And is checking a license and the legal entity's name enough for an affiliate before starting a partnership?

✔️In this article, we cover:
— why a Curaçao license does not automatically open every GEO
— whether Casino Secrets proves that specific companies have violated the law — why the consequences could extend beyond Curaçao
— what has not yet been proven in this investigation
— why a formal UBO does not always provide the full picture
— key takeaways from Casino Secrets: what could change in licensing
— what consequences operators and providers may face
— what the investigation means for payment companies
— what affiliates should take into account

Important: the investigation is not a legal verdict, and some of its findings are disputed by the parties mentioned. However, it raises plenty of questions about the conventional approach to vetting operators.

👉 Why a license alone is no longer enough and what risks may be hiding behind a familiar brand — read the full analysis on 3S.INFO.

What impact do you think the Casino Secrets investigation will have on the industry? 👇