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Palace of Chance Casino – Legit or Scam?

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Today we are going to delve deep into the safety aspect of a well-established online casino known as ‘Palace of Chance’. A gaming hub that has been operating since 1998, bringing forth a variety of experiences for its players. We will be looking into key aspects such as security protocols, financial dealings, licensing, and more to gather whether this popular casino is legit or a scam.

What’s in the Name?

The name ‘Palace of Chance’ resonates with the concept of luck and fortune which is inherent in the world of casinos. Established back in 1998, it has made a considerable name in the gambling industry. This US and Canada-focused casino offers a variety of payment methods like Neteller, VISA, Mastercard, American Express, Bitcoin, Litecoin, Bank wire, Discover, Check, Players Rewards Card and operates with currencies USD, AUD, CAD.

However, a major part of their reputation hinges on questions about their safety practices. After relocating from Costa Rica to Europe to revamp its image and players’ trust, the question remains – how secure is it now to roll the dice at the Palace of Chance?

Licensing and Registration

Licensing comes first when evaluating an online casino’s credibility, unfortunately, Palace of Chance Casino does not provide any information regarding licenses.

Payment Safety and Withdrawal Limits

Another important facet of their operation lies in their transaction and payment methods. While they host a broad variety of options, there have been certain issues with withdrawal limits and payout times.

They’ve set up lower weekly and monthly withdrawal limits at $2,500 and $10000 respectively. The first withdrawals can usually take a noticeable length of time; a few players have recorded waiting periods extending up to a couple of months.

Good news is that they have recently introduced an express withdrawal process currently in a trial phase. However, this fast-tracked service seems available only to a limited number of players. Using Bitcoin or Neteller has proven more reliable and somewhat faster for the customers.

Is Player Experience Affected?

Palace of Chance offers a broad range of games from Slots, Roulette, Blackjack, Video poker, Jackpot games, to Keno. Some players do hold onto complaints about the limited variety of game providers.

Perhaps one of the significant drawbacks is the slow pace of the first withdrawal process. Despite being equipped with unique games filter and a Bitcoin-friendly system, the absence of effective responsible gambling tools may pose an issue for some players.

Unravelling the Facts

Players must meet a certain age limit to enjoy the services provided by the Palace of Chance Casino. Only individuals 21 years or older are permitted to play. This medium-size casino mainly targets the US market offering sticky (non-cashable) bonuses and maintaining an average monthly withdrawal limit.

Our Conclusion: Advise with Caution

To sum up, the Palace of Chance Casino seems to be navigating its way toward providing better services and resolving its issues after relocation. A note of caution – the casino runs on the Realtime Gaming (RTG) platform which has been known to encounter a range of issues related to bonuses. Rules are rigidly enforced and breaching them can lead to a loss of all your funds.

Therefore, while it is not a rogue group, if players decide to gamble at Palace of Chance, they should brace for longer than usual waiting times and approach the bonus system with utmost caution. And remember, regular checks and staying updated about the safety processes of online casinos is always a wise move before placing your bets.

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Frequently Asked Questions

1. Who owns the Palace of Chance Casino and when was it established?

Palace of Chance is an online casino catering largely to the North American market that opened its digital doors in 1998. Unfortunately, as per the data available at the time of writing this article, the specific information regarding the owner of Palace of Chance Casino doesn’t seem to be disclosed.

2. What payment methods are available at Palace of Chance Casino?

There’s a satisfying number of payment methods that you can use at the aforementioned online casino which includes Neteller, VISA, Mastercard, American Express, Bitcoin, Litecoin, Bank wire, Discover, Check, and Players Rewards Card. Hence, regardless of whether you prefer using traditional banking, e-wallets or cryptocurrencies, Palace of Chance provides a suitable option for you.

3. Are there any payout issues reported for this casino?

There have been documented concerns related to the pace of withdrawals, especially first-time withdrawals, which have sometimes stretched up to one or two months. The initial delay is the most significant issue registered by players. However, they’ve tried to address this issue recently by introducing an express withdrawal process in their system.

It must be noted though, that this expedited service currently seems to be made accessible only to a select number of clients. Users who have used Bitcoin or Neteller for transactions have reportedly found them more reliable and relatively quicker.

4. What sorts of games does Palace of Chance offer?

The Palace of Chance takes pride in offering a wide-ranging portfolio of gaming options. They provide popular options like Slots, Roulette, Blackjack, Video Poker, Jackpot Games, and Keno. They have not included other types of games such as Live games, Poker, Bingo, and Scratch cards.

It should be remembered; however, that some users believe that the limited selection of game providers could broaden their portfolio and enhance the overall gaming experience.

5. What are the advantages and drawbacks as a player at Palace of Chance?

The positives of playing at Palace of Chance include its diverse games filter for easy navigation, crypto-friendly system offering Bitcoin-based transactions, and faster withdrawals via certain payment methods like Bitcoin and Neteller.

On the contrary, one major drawback frequently noted by gamers is the painfully slow processing time for first-time withdrawals. Additionally, they could improve their services by adding responsible gambling tools for their members’ safety. A limited selection of game providers also serves as a negative factor for some players.

6. What rules should I watch out for when playing at Palace of Chance?

To play on Palace of Chance, you must be above 21 years old. The online casino operates under strict bonus rules on the Realtime Gaming (RTG) platform. Players need to adhere to these rules even after completing the wagering requirements until the entire balance is withdrawn or drops to zero. If you infringe any of these rules such as participating in restricted games or exceeding maximum bet limits, it may result in the loss of all your funds.

Thus, being familiar with, and faithfully following, the rules laid down by Palace of Chance Casino is imperative for a secure and enjoyable gaming experience.

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