The cloudbet scam falsely claim on their website to have a Montenegrin Game of Chance Administration license and randomly deny to payout legitimate winnings!
If you click the License button on their website, they claim to be operated by E Gambling Montenegro d.o.o. (81000 Podgorica, Moskovska br. 65., reg. no. 5-0615951) in cooperation with TIGER TREE HOLDINGS d.o.o., Cetinje, Njegoseva br. 97. But the cloudbet scam don’t state any license!
Most noteworthy, the EGM website don’t state any license from the Montenegrin Game of Chance Administration! Where is the license? In this context, EGM’s claim to be a partner of Skrill, Neteller, Eco, etc. appear to be a false and misleading claim, because to be able to become a partner of those payment service providers, the operator of course need a license!
Cloudbet scam licensed by the Game of Chance Administration?
Gambling is completely legal in Montenegro since 2006, when the government decided to legalize it. The legalization of online gambling came soon after, in 2011. The Game of Chance Administration (GCA) controls the licencing procedure both for brick-and-mortar casinos and online gambling operators.
I was not able to find an E-Gambling Montenegro license on the GCA website, maybe they issue “hidden” licenses? 😀 But even then, at least the cloudbet scam or EGM should be obliged to state their GCA license on their website.
Recently, many payment processors decided to no longer work with gambling operators licensed in Montenegro. Also, the gambling licenses from Montenegro are not on the whitelist of the UK Gambling Commission (considered to be the collection of the most trusted gambling licenses).
Why do EGM claim to be a partner of the payment service providers Skrill, Neteller, Eco, etc., while the cloudbet scam offer only Bitcoin as deposit and withdrawal option? Does this make any sense?
In addition: The cloudbet scam is powered by the Betsoft scam gaming software! This alone is reason enough to stay away!