Another day, another illegal online casino exposed—this time Cazimbo, operating through Cyprus-based entities. Payment processors play a critical role in sustaining this underground economy. FinTelegram’s research, following the “follow-the-money” approach, repeatedly demonstrates that without facilitating payment processors, many illegal online schemes—particularly in the gambling sector—would collapse.
Cazimbo Casino: An Unauthorized Operator
Cazimbo casino is a prime example of an online gambling platform running without proper regulatory authorization. Previously part of the notorious Rabidi Group, Cazimbo continues operations despite the withdrawal of licenses and the collapse of its parent company.
The responsible jurisdiction cited in Cazimbo’s terms and conditions is the Marshall Islands, known for minimal regulatory oversight. Meanwhile, Cazimbo remains linked to Tilaros Limited, part of the former Rabidi Group, owned by Denys Butko and operated under the ButOn Group umbrella. Like many illegal online casinos, Cazimbo conceals the identities of its operators, shielding its activities from regulatory scrutiny.
Global Reach Despite Lack of Licensing
Despite its opacity, Cazimbo attracts players from around the world. Similarweb analysis shows that its domain, Cazimbo5.com, receives most traffic from Italy—a jurisdiction where it is unauthorized. The main domain, Cazimbo.com, draws visitors from Brazil, Tunisia, the U.S., the U.K., and Spain, highlighting its international footprint.
Notably, cazimbocasino.it redirects Italian visitors to the Dama Group’s N1 BET Casino, demonstrating the interconnectedness of illegal operators.
Payment Processors: The Enablers
A critical aspect of the Cazimbo case is the continued involvement of regulated payment processors. Despite operating anonymously and without authorization, Cazimbo still offers multiple payment options, revealing that payment processors are knowingly facilitating illegal activity.