Casino of Gold

Casino of Gold has to be one of the most unique concepts for an online gambling house which we've seen in recent years. That is because the house claims that it is a “social casino”. What does that mean? Well, it claims that, in order to keep gambling safe, your deposits are not going to be kept in the currency you have used to cash in. Instead, they will be transferred into Golden Stars – the base currency of the house, which is used in its games. We have no clue how that's supposed to help really, but it seems that “social casinos” have another feature you should know about. Here's what Casino of Gold claims at the bottom of its website:

You cannot withdraw from this casino at all. We would like to make that very clear right from the get-go, as it is our main issue with the house. Once again, we are not sure how that's actually supposed to help players have more fun. The most obvious issue is that you can play games for fun with most casinos out there. You don't even need to cash in to do so. In fact, you can even go to the websites of the Game Suppliers themselves to demo their catalogs. So why would you pay to do so here?

Especially since the casino is not actually licensed as such. Of course, we realize that we cannot judge the house by the exact same criteria we use for casinos with more standard premises. Nevertheless, this is an online casino after all. And so, we expect that it will hold the safety of players in a high regard and obtain a license, which would guarantee them protections from problem gambling and more.

But regardless, we are actually pretty excited to examine such a novel concept for a casino. We quickly realized how many things it does differently from other houses. Let's go over every one of these unique features, so we can see if the novel concept behind the house makes playing there worth it:

Bonuses

Bonuses are one of the most definitive aspects of online casinos. They are easily what makes them stand out from their peers, so the more promotions there are, and the more unique each promotion is, the better. How does this casino, which operates on a completely different premise structure its bonuses? Well, let's take a look at what promotions are available and examine just that:

Since cashing in converts your deposit to the in-house currency, and since you cannot withdraw it afterwards, you are effectively not playing for real money. This has the obvious downside of not being able to cash out. However, it also means the house can hand out some pretty massive bonuses.

Firstly, you receive a Sign-up Bonus of 400 000 Golden Stars. Then, you can also get a decently high Welcome Package, called the Early Bird Sale. The casino has a 400% multiplier for the first deposit you place, followed by a 300% multi for the second and third deposits.

There is no minimum deposit requirement, and you can play with the extra Golden Stars right away. Also, there is no maximum bonus as Casino of Gold has set it. The only limit is the maximum deposit amount, which is €500 with the casino. So, the maximum bonus you can get is 4x the Golden Stars you would obtain by cashing in that amount of money.

The lack of ability to withdraw also makes this one of the most straightforward Deposit bonuses we have ever covered. Instead of needing to deal with wagering requirements and cash out limits, or other complex conditions you can just play with the promotion.

The next promotion, called the Daily Bonus is pretty straightforward. In essence, it is a Wheel of Fortune type bonus. You can spin the wheel once ever day and claim different amounts of Stars. There are plenty of similar bonuses with the majority of casinos nowadays, but this one is slightly more generous. Once again, since the casino does not let you play for real money, it can do so without needing to worry about its solvency.

We consider the most interesting promotion of the casino to actually be its Free Shop Bonus. It can be claimed every 8 hours and gives you 40 000 Golden stars. This is a bonus which does not require you to deposit, or do anything except claim it in the Shop window. How far will this free bonus get you if you wish to play the casino's games? Well, not all that far! The minimum you can stake on most slots is 2000 Stars. So, the bonus will enable you to get 20 Spins in with most of the slots. Still, finding a casino to give you what is essentially 20 Free Spins for absolutely nothing in return is not an easy feat! This is a very generous bonus overall – and it can even be improved, via the VIP Program. Here's how that works:

The more you cash in, the more VIP Tokens you collect. This allows you to level up your account. The rewards for the VIP Program are a faster recharge rate for the Free Shop Bonus, as well as an increase for the amount of Stars it nets you. This is a very unique take on a VIP Bonus, and if you want to further increase the amount of rewards you can get from the promotion, you can buy the Boosters that are offered by the house. To be honest, we don't believe the Boosters are actually a bonus in the true sense of the word.

They provide the increases in the rate at which the Free Bonus recharges, as well as the size of its rewards we mentioned. But you can buy them directly instead. The Boosters seem to stack with the VIP rewards and are all active for a specific amount of time.

Finally, this casino provides access to regular Tournaments. There is one running at any time! In fact, there are sometimes multiple of these competitions. These are actually nothing new to Casino of Gold. In fact, most online gambling houses allow you to also access them. Each Tournament ranks you against the rest of the participating players based on how much you've wagered and won. Then, awards are distributed based on that as well.

We are not sure why players would bother with the Tournaments here, to be honest. Since you cannot actually win money, you would only be playing for the sake of it. If you have fun competing with other casino game lovers, the Tournaments can be fun, though.

License

We expect every casino nowadays to hold a license. However, Casino of Gold did not meet these expectations. In fact, the house does not claim to be licensed at all. Instead, it states that it is incorporated as an Austrian company, as you can see below:

And we can't say we doubt that – anyone can set up in Austria, and we believe that this casino has done so too. However, just by virtue of it being included in the Austrian register of companies, the house does not become a licensed casino. There are specific regulatory bodies which actually exercise control over casinos in Europe, not just enter them in a Register of companies.

The lack of regulation by them means that Casino of Gold is not able to provide players with the guarantees they might be accustomed to. Of course, there are different regulations about what casinos should do to provide them, in particular. However, the specific policies which most regulators expect casinos to implement are the following:

• Tested and fair games: Licensed casinos are required to partner with tested Game Suppliers, who can prove that their games are fair. The games have been audited, in order to make sure that their pay out ratings are realistic. This means that you can be sure you are playing games of chance!
• Data safety policies: Every casino you can play in nowadays, licensed or not, collects personal information on its players. And sometimes, this information is very sensitive! It can include all sorts of details, about who you are, where you are from and so on. This is why it is important to make sure you only share it with casinos which you can trust. Licensed houses can guarantee you precisely that!
• Responsible gambling options: Playing in licensed casinos means you are dealing with a house which takes the issue of problem gambling seriously. Regulated casinos are required to do two things to ensure that: They need to provide you with sufficient information so that you know what problem gambling looks like and where you can seek help. Secondly, they are required to offer you reliable self-exclusion options. Those are means of taking control of your spending and limiting your exposure to the casino. For instance, you can generally close down your account unilaterally, but, usually, there are also the options to set custom limits and opt in to time out warnings, too.

In conclusion, these guarantees include important protections from problem gambling, as well as a way to prove that the games are fair. This means that playing with licensed casinos is a much safer choice than using the services of unlicensed houses.

Back to Casino of Gold, though, here's a list of the languages which the casino's website is playable in:

Languages: English, German

This is not really a long list at all! Especially since the house accepts players from pretty much everywhere in the world. The only exceptions are the following countries:

Restricted countries: American Samoa, United States, United States Minor Outlying Islands, Virgin Islands, U.S.

Deposit and Withdrawal

Cashing in to the casino is possible with a bunch of popular European deposit methods. Among them are credit cards, e-wallet and e-voucher payments and more. Let's take a look at them, as well as the different currencies you can use to deposit:

Currencies: Euro (EUR), US Dollar (USD), Swedish Krona (SEK)

Once again, the casino converts your FIAT deposit into its base currency. However, the exchange rate between the FIAT currency and the Golden Stars is actually very hard to pin down. That is because the house awards you with more Stars per unit of FIAT currency the more you deposit.

Either way, the minimum deposit of €1 nets you 400 000 Stars. The maximum deposit amount with the casino is actually no less than €500, and gives you 627 million Stars. Another thing about the currency of the casino we don't like is just how much of it you can get, for even the smallest deposit. We mentioned that the minimum wager with most slots here is 2000 Stars. But it is very difficult trying to pace your gambling when you are presented with millions of Stars and each spin costs thousands.

As for the payment methods themselves, there is a decent range at least. You can use credit cards to deposit, which we consider to be the most convenient way of cashing in for most players. Other than them, you can use PaysafeCard – a popular pre-paid voucher, which is very widespread as a means of deposit in most European countries. Aside from that, you can also deposit using one of several e-wallets: PayPal, Skrill or Neteller. Once again, those are very popular, around the world.

If you wish to perform higher deposits, it makes sense to use Trustly or Sofort. Both of these are Open banking deposit solutions which make it very easy to perform an instant transfer from your bank account to the one of the casino, directly. This means players are not liable for any fees by either their or the casino's bank. Speaking of fees, Casino of Gold does not have any, as far as its deposits are concerned. However, you might be expected to cover third party charges.

What's curious about this casino is that you can't deposit using crypto, which is one of the most mainstream ways of cashing in to online gambling houses. There are not many new casinos which launch without that payment method at all!

As for withdrawals, we mentioned at the start that Casino of Gold does not allow them. This comes with the advantages and downsides we mentioned so far!

Games and Game Suppliers

There is no comprehensive list of the Game Suppliers which Casino of Gold has partnered with to deliver its games library. However, the only titles we saw on its website were delivered by the following Providers:

Game providers: Green Tube, Novomatic, Other

This is clearly a very narrow range of Suppliers, and is far from any competitive amount. Just to be clear, we expect to see the casinos we cover nowadays feature the titles of at least 50 Suppliers, with anything over that giving them a nice competitive edge. When it comes to games, the more the merrier always holds true. So, Casino of Gold failed to live up to one of the main expectations from a casino.

However, let's take a look of the games that are actually available, so that we can see if they are worthwhile:

• Slots: There are not a lot of recognizable slots. You might be looking to play Big Bass Bonanza, Book of Dead, Wolf's Gold or Sweet Bonanza. Instead, you will have to play Book of Ra, Rise of Tut and Lord of Ocean. There are Jackpot games and classic Video Slots, but the casino does not seem to have feature buy games or Megaways. The library is very disorganized too, because there's no way to filter the games by their providers or their themes.
• Table Games: The casino lets you play Roulettes and Poker, as well as Bingo. But Baccarat and Blackjack, two of the most iconic casino games in the world, are just nowhere to be seen! There are no Live Table games either. Clearly, that's not good enough. Speaking of the lack of Live gaming, there are no Game Shows either.
• Games of Skill: There are a bunch of card and Table games of skill, which is actually a rare feature with most casinos. We do have to hand this to Casino of Gold – it does have a nice collection of miscellaneous games like Belote and Chess.

Conclusion

Overall, we can appreciate the innovative premise of this casino. And there are certain advantages to it, too. For instance, the house is able to offer some staggering bonuses. In particular its Free Bonus is very unique. We have yet to see any casino with such a promotion. Since CasinoOfGold is very upfront about you not being able to withdraw from it, we cannot complain about the way the casino has decided to operate.

But we cannot recommend it. We strive to only point you towards casinos we would feel comfortable playing in. And not being able to withdraw is just too much of a downside. We just don't see how it's fair for the casino to collect money from its players but not let them win anything back. The wins from the games of chance are meaningless when you are playing in what's essentially the games' demo mode. And we don't believe that Casino of Gold has what it takes to successfully compete with casinos which just offer you said demo modes for free.

That is why we are ultimately going to recommend playing with a house which has a more traditional way it runs things! Browse our website to find the best such casinos nowadays.