Investigation: Zet Casino, a Former Rabidi Scheme, Still Active with Cyprus-Based Payment Agent!
Zet Casino, previously managed by the now-insolvent Rabidi N.V., continues its operations under new management. Currently, Liernin Enterprises Ltd, registered in the Marshall Islands, oversees the casino, with payment processing handled by Mirata Services Ltd, based in Cyprus. Despite holding an offshore license from the Philippine Amusement & Gaming Corporation, which is not recognized within the European Economic Area (EEA), Zet Casino continues to accept players from the EEA and the UK without restrictions.
Background and Transition
Before its bankruptcy in 2023, Rabidi N.V. operated numerous online casinos under a Curaçao license. Following the bankruptcy and subsequent license revocation, former Rabidi brands, including Zet Casino, transitioned to new operators, often utilizing payment agents in Cyprus. These operators lack the necessary licenses to operate within Europe and other jurisdictions.
Notably, the primary domain, ZetCasino.com, has been redirected to alternative addresses such as https://zetcasino8.com. The associated site, ZetSpins (ZetSpins.com), is currently inactive, displaying a 404 error. In the 28 days leading up to July 25, 2024, ZetCasino.com attracted over 130,000 visitors, with the majority hailing from Canada, followed by the U.S., Italy, Germany, and the Philippines. On Trustpilot, Zet Casino holds a 1.5-star rating based on 277 reviews, indicating a “Bad” trust level.
Payment Processing Partners
Zet Casino offers various deposit methods, including credit/debit cards, e-wallets, e-vouchers, and cryptocurrencies. The platform employs PaymentIQ from Worldline as its payment gateway, a service commonly utilized by online casinos operating without proper authorization.
While bank transfers are not the default deposit method, players can withdraw funds via bank transfer, facilitated by Noda through the domain Bankstransfer.com. For cryptocurrency transactions, Zet Casino collaborates with CryptoPay, enabling users to manage crypto deposits and withdrawals. Additionally, MoonPay is integrated to allow players to purchase cryptocurrencies using credit/debit cards, which are then directly credited to their Zet Casino accounts.
Compliance and Regulatory Concerns
Despite possessing an offshore gaming license from the Philippine Amusement & Gaming Corporation for the domain ZetCasino.com, this authorization does not permit operations within Europe or other regions. However, as of July 2024, individuals residing in the EEA and the UK could register and deposit funds on Zet Casino without undergoing Know Your Customer (KYC) verification. Website traffic analysis also indicates activity in North America.
The absence of appropriate regulatory approval and KYC procedures has led to Zet Casino receiving a Red Compliance Listing. This designation raises questions about the ethical responsibilities of the involved payment facilitators, particularly regarding their association with Zet Casino and its Cypriot payment agent, Mirata Services Ltd.
Key Information on Zet Casino
| Aspect | Details |
| Trading Name | Zet Casino |
| Business Model | Online gambling and casino |
| Domains | – https://zetspins.com – https://zetcasino1.com through https://zetcasino10.com |
| Legal Entities | – Liernin Enterprises Ltd – Mirata Services Ltd |
| Associated Entities | – Rabidi N.V. – Tilaros Limited – Tranello Limited |
| Jurisdictions | – Marshall Islands – Cyprus |
| Licenses | Philippine Amusement & Gaming Corporation Offshore Gaming License |
| Payment Processors | – Cashlib – MiFinity – Worldline (PaymentIQ) – Noda (Bankstransfer.com) – Jeton – Rapid – Neteller – Paysafe Card – Skrill – Zimpler – CryptoPay |
| Related Individuals | Not disclosed |
| Trustpilot Rating | 1.5-star rating with a “Bad” trust level based on 277 reviews |
| Compliance Status | Red Compliance Listing due to lack of regulatory approval and absence of KYC procedures |
Call to Action
Zet Casino represents one of many former Rabidi Group brands now operating under new management without valid licenses in Europe and other regulatory regions. We seek further information regarding Zet Casino, its operators, and associated facilitators. If you possess relevant details, please share them through our whistleblowing platform, Whistle42.
