Rabidi N.V. Casinos

Here is a list of casinos that were once operated by Rabidi N.V. Take note that these casinos are currently operated by other entities as Rabidi N.V. declared bankruptcy in 2024 and had their license revoked. Read more about what happened to them here.

What Was Rabidi N.V.?

Rabidi N.V. was a Curaçao-licensed operator established in 2019 that rapidly grew to operate over 40 online casino brands. The company quickly became a major player in the online gambling space, operating popular casino brands including:

• Major Brands: Wazamba, Rabona, 5Gringos, SlotsPalace, Boomerang, Casinoly, Nomini, Bankonbet, and many more - a total of over 40 different online casinos.
• What They Offered: Rabidi was known for its innovative, player-focused approach to online casinos, with thousands of games from almost 100 providers. Players could pay with 75+ payment methods including Interac, Neosurf, and MiFinity for Canadian gamblers, plus extensive cryptocurrency support.

The Collapse: What Happened in 2024?

Here's where the story takes a serious turn. Rabidi N.V. went bankrupt and had their license revoked in 2024.

The Bankruptcy

In May 2024, Rabidi N.V. was declared insolvent. The trigger was an outstanding claim from a player in the amount of €244,950, which was not paid despite a court order. As a result, a court in Curaçao initiated insolvency proceedings against the operator.

License Revocation

The Curaçao Gaming Control Board (GCB) officially revoked Rabidi N.V.'s license on June 7, 2024, citing "failure to meet financial obligations and breach of integrity provisions under license OGL/2023/103/0067." This was the final regulatory death blow for Rabidi N.V. as a licensed gambling operator.

What This Means for Players

The Troubling Reality

Despite losing their license, the company's online casinos continued to operate illegally, bypassing regulatory oversight. This blatant disregard for legal requirements has raised serious concerns within the online gambling industry.

Asset Transfers

Industry observers and investigative sources report suspicious activities around the insolvency. Shortly before and after the initiation of proceedings, casino brands and assets were transferred to other companies - including Adonio N.V. and Liernin Enterprises Ltd. - raising suspicions that beneficial owners tried to protect assets from creditors.

What Happened to Player Funds?

A refund is unlikely for affected players. Curaçao doesn't offer consumer protection like the EU does. Insolvency means that claims can only be asserted through a court in Curaçao - with an uncertain outcome.

Current Status: Are These Casinos Still Operating?

Yes, but under questionable circumstances. Many former Rabidi casinos continue to operate, but their legitimacy is unclear:

New Operators?

After the bankruptcy, many casinos were supposedly taken over by new operators. However, it remains unclear who exactly is behind these platforms. While some former Rabidi N.V. casinos are operated by companies such as Adonio N.V. or Liernin Enterprises Ltd., there's no reliable information as to whether these are genuine new operators or merely a restructuring within the same group of companies.

Licensing Questions

While terms and conditions are available on these websites, there's often no clear information about current licensing. This is problematic because the original Curaçao license was revoked after the insolvency of Rabidi N.V.

Red Flags and Player Warnings

Financial Issues

There have been multiple reports from players and whistleblowers accusing Rabidi of not honoring player winnings. Some instances even involve players being threatened with public exposure of their gambling activities if they demand payouts, raising concerns of blackmail and intimidation.

Ongoing Problems

Former Rabidi brands continue to generate complaints about missed payments and withdrawal issues. Players report delayed or rejected withdrawal requests, even when all conditions have been met.

Payment Processing Concerns

Financial transactions were processed through Cypriot payment agents like Tilaros Limited and Tranello Limited, both located at the same address in Nicosia, Cyprus. Rabidi N.V. reportedly did not maintain any bank accounts directly.

The Bottom Line: Should You Play at Former Rabidi Casinos?

Exercise extreme caution. Here's why:

1. No Clear Licensing: Many former Rabidi brands operate without transparent licensing information
2. Questionable Ownership: It's unclear if new operators are legitimate or just asset shuffling
3. History of Non-Payment: Multiple reports of unpaid winnings and withdrawal issues
4. Legal Concerns: Original company went bankrupt owing players money
5. Regulatory Warnings: Various gambling authorities have issued warnings about these operations

What You Should Do

• Avoid: Consider avoiding casinos that were formerly operated by Rabidi N.V.
• Check Licensing: If you must play, verify current licensing status independently through official regulatory websites
• Research Thoroughly: Look up recent player complaints and withdrawal experiences on gambling forums
• Consider Alternatives: Choose casinos with clear ownership and established track records

Experts recommend casinos licensed in Germany (GGL), Malta (MGA), Sweden (Spelinspektionen), or Ontario (AGCO) for better player protection.

If you come across any issues, lodge a complaint with us and we'll our best to help your a situation.

Conclusion

The Rabidi N.V. story is a cautionary tale in online gambling. What started as a rapidly growing casino network with modern, sleek platforms became a bankruptcy case with questionable asset transfers and players left without recourse. While some brands continue operating under new names, the murky ownership and licensing situation makes them risky choices for players.

Key Takeaway: When choosing an online casino, prioritize transparency, clear licensing, and established operators with good track records over flashy bonuses from operators with questionable histories. The online gambling industry has plenty of legitimate, well-regulated options - there's no need to risk your money with operators that have such a troubled past.

Remember: if something seems too good to be true in online gambling, it probably is. Always do your research before depositing money at any online casino.

For more details about the full investigation into Rabidi N.V., you can read the report from FinTelegram here.