Table of contents
Richy Leo is a disappointing casino. That is because it has a lot of fun games to offer. And for fans of sports, you would be able to place bets on countless events. We would really have liked to be able to recommend the casino, but we simply cannot. It does not have much to offer in terms of payment policies. It also has some downright shady withdrawal conditions, which make us rather uneasy. Especially since it turned out the casino is not licensed either.
There is so much ground to cover when it comes to everything that is off about the casino that it deserves a closer look. The following review will delve deep into what Richy Leo does right and where it fails. We have covered its promotions, regulation, payment policies and the games and sports events you can bet on, based on our hands-on experiences with the house:
Firstly, the promotional structure of the casino is rather weird. It has only a single casino bonus, which is its welcome package, and two bonuses for sports betting. Here is what these look like:
|Cash out limit
|10% Welcome Bonus + 10 FS
|10% up to €1000 + 10 spins
|10% Second Deposit Bonus + 10 FS
|10% up to €1000 + 10 spins
|15% Third Deposit Bonus + 30 FS
|15% up to €1000 + 30 spins
|15% Fourth Deposit Bonus + 75 FS
|15% up to €1000 + 75 spins
The 10% Welcome Bonus +10 FS is the first promotion you can get from the casino. The condition for getting it is a deposit over €40. Usually, other casinos set the entry cost or their bonuses at half that at most. Not to mention that since the promotion is calculated as 10% of the deposited funds, you would need to put in €10 000 to get the most out of it. There is only one silver lining – you can redeem the bonus with a simple 1x wagering requirement. Other houses offer more generous promotions, but have stricter turnover requirements to meet. For reference, the range these requirements are found in are usually between 30x and 40x.
Next, you can make use of the 10% Second Deposit Bonus +10 FS, which is virtually identical to the first one. The only difference is where you can use the Free Spins. The previous promotion gives you spins for Lucky Dama Muerte, and this one – for Fruit Million.
The Third Deposit Bonus +30 Free Spins requires the player to come up with a pretty significant sum of money to claim it, with a deposit of at least €100 demanded of them. Once again, the way the bonus is calculated is not really beneficial to the player – it is only 15% of their deposit. And once again, the low wagering requirement might make up for it. The same can be said about the Fourth Deposit Bonus +75 Free Spins. It requires twice what the third bonus demanded as a minimum deposit – €200. It gives you the same percentage of that sum in bonus funds, but slightly more Free Spins to use.
That is the extent of the casino bonuses of Richy Leo , which is very disappointing. Most houses nowadays run a lot more promotions, but we would have expected at least one recurring deposit bonus. Either way, there are two promotions available for sports betting too, so let's take a look at them. Before we do so, we should mention that the terms and conditions they are bound with are not mentioned in the legal documents of the house, so some aspects of of them are unknown. In fact, the bonuses are simply advertised in the sportsbook, without any additional info.
The first one of them is the Multibet Bonus. This promotion rewards players who place multiple winning wagers on sports events. The size of the reward is directly based on the amount of bets you've made. Three winning wagers equal a 5% bonus on top of what you've put in. The 100% maximum is achieved by managing to rake in 20 wagers in a sequence. These promotions are common for sports betting, and they are pretty exciting, but we have no information on what the minimum qualifying bets are or what the wagering requirements for the winnings are set to, if there are any.
Next, a Multibet Cashback Bonus is available as well. It is pretty much an opposite of the previous promotion – while it rewarded you from chaining winning bets, this one gives you back a percent of losing wagers. Once more, the size of the reward scales with the amount of sequential bets you have lost. The cashback starts at 2.5% with three losses and goes up to 50% with 20. There is no information on the wagering requirements for the recovered funds, nor any additional restrictions that might apply.
One of the most important aspects of a casino is its regulation. While every country has a different approach to it, there are some areas in which any regulatory body that is worth its salt would implement similar policies. For instance, pretty much all of them demand that houses encrypt their players data with a safe SSL encryption protocol, which makes leaks of that data pretty much an impossibility.
But that is not all – licensed houses need to implement specific random number generators for their games, ones which are audited by verified professionals. These ensure that the outcomes of the games are fair and that there is no bias towards the casino. There are also rules on how client money should be handled, how transactions need to be processed and so on. These regulations make it impossible for the license holder to engage in any sort of financial crime like money laundering.
Where does Richy Leo stand with regards to its regulation? We have no clue! The casino does not mention who owns it and where it is operated from. That means it is certainly not licensed, because if it were, the house would certainly have mentioned that fact. Either way, the protections we mentioned cannot be said to apply to players with the casino we are covering.
Deposit and Withdrawal
There is an extremely limited range of deposit method types that are accepted by this company. It only takes crypto and credit cards. There is no way to deposit with e-vouchers, e-wallets, wire transfers and so on. Here is what you can use to cash in and out with Richy Leo:
|up to 24 hours
|up to 24 hours
|up to 36 hours
Currencies: Euro (EUR), Russian Ruble (RUB), US Dollar (USD)
There can be some regional restrictions as to deposits made with credit cards. For instance, in the UK, these are banned altogether. Crypto has no such restrictions, but there are not that many coins you can use to deposit. The minimum deposit requirements range wildly, but most are not acceptable. Casinos usually have €20 as a minimum deposit requirement nowadays, yet Richy Leo
goes over this amount by a lot.
More concerning is the fact that the casino's withdrawal methods are only limited to Bitcoin. It only processes withdrawals from €150 or over. That is a staggeringly high amount, when the house demands much less to get in! Also, check out the following clause:
It stipulates that it is actually impossible to cash out if you have not made a single deposit within the last 30 days. That is a very weird stipulation, and is an unnecessary restriction. Also, you need to achieve a wagering requirement of 5x the deposits to get your funds out. Otherwise, you will be charged with a 20% fee. That is not an uncommon stipulation for casinos to have. But the size of the turnover, and the size of the fee are too high.
About the processing times for deposits and withdrawals, they are pretty fast. Yet given all of the above, it is curious why anyone would deposit with Richy Leo in the first place!
Games and Game Suppliers
There is a very good amount of Game Suppliers the casino partners with – here is a list of all of them:
Game providers: BGaming, Bet2Tech, Endorphina, 1spin4win, Vivo Gaming, Betsolutions, Yggdrasil, Bongo, Gamebeat, Mancala, Swintt, Concept Gaming, PGSoft, Tvbet, Evolution, Virtual Generation, PlayBro, TPG, Spigo, Atmosfera, Betsoft, Simpleplay, Spade Gaming, Onlyplay, Platipus, KA Gaming, Salsa Technology, Gamzix, Mascot, Fazi, Vibra Gaming, Oriental Game, Zillion, Nucleus, Turbogames, CQ Gaming, Smartsoft Gaming, Thunderspin, Mr Slotty, Macaw Gaming, Belatra, Cyber Slot, Absolute Live Gaming, Espresso Games, SA Gaming, Champion, 7Mojos, Amigo Gaming, Chilli Games
We counted 56 in total. And the games they provide are pretty varied. There are thousands of Slots, with titles like Lucky Dama Muerta, Leprechaun Riches, Bonanza Billion, Lucky Pearl Diver, Boom Boom Gold!, Thunder of Olympus available. The Table Games Section in the casino includes many variations of Baccarat, Poker, Blackjack and Roulettes. Fans of live gaming will be able to enjoy live versions of these table game classics. as well as several Game Shows, like Wheelbet and Keno.
The Richy Leo Sportsbook contains all the events you would expect. You can place prematch bets on thousands of Football games, from UEFA to regional divisions. Other sports on it include Basketball, Cricket, Hockey. But even less popular ones are available. For instance, you could bet on Hurling, Darts and Pool. There is even betting on which way political elections would swing – that is certainly not something you'd normally find in a sportsbook!
On the other hand, if you want to bet on live events, you won't have as much choice with the casino. That is because it does not have many events in its live bracket – there are some major sports like Football and Basketball. Some esports events are available, for fans of betting on CS: Go, Dota 2 and League of Legends. But that is about it and there is not much else to live bet on at all.
We should also mention the virtual sports section of the casino's website. It lets you bet on simulated horse races and football games. Also, there is a virtual Keno game that is in this section, which is a very curious choice, and most likely simply a mistake on the casino's part.
The many shady aspects of this casino's payment policies, and its lack of regulation make it a pretty unsafe place to deposit. That is why we ultimately cannot recommend it. Even though it has a good games library and a decent set of welcome bonuses, we think you would be better off playing somewhere else. You are probably looking to wager on the casino games themselves, and not your funds' safety, after all!