Golden Pharaoh Bet Review: Scam or Safe?

Golden Pharaoh Bet gets one star and the following review will show you why. Long story short, the casino's license is suspicious, the gaming library is not so rich, and the payment policy of the casino is anything but fair. There are some good aspects, though, such as the attractive welcome package and the low minimum deposit requirement, but those certainly do not make Golden Pharaoh Bet a good casino. Let us tell you more.

Languages: English, German, Spanish, Portuguese, Italian, Polish, Swedish (Svenska), Arabic, French

Bonuses

As noted, the welcome package of Golden Pharaoh Bet can be described as impressive, easily so. It includes cash bonuses and free spins for the first five deposits, as the total a player can get is up to €6000 and 175 free spins. The promo is great, but we couldn't see any other bonuses, unfortunately. No reloads or cashback are offered, and that's not really good. Golden Pharaoh Bet may be a good place for new players, in terms of bonuses, but existing players are simply ignored. So, once the welcome package is finished, you won't see a reason to stay in Golden Pharaoh Bet. You'd better look for other casinos then.

But back to Golden Pharaoh Bet, the welcome package has 5 stages, each named Gold and matching the number of the subsequent deposit. Some of the conditions are repeated in all parts. The minimum qualifying deposit is €20, while the wagering requirement is 50 times the bonus for all. Cash-out limits are not specified. Here are the prizes:

• Gold 1 – 400% up to €2000 and 100 free spins in the slot Pyramid King.
• Gold 2 – 200% up to €1000 and 50 free spins in the slot John Hunter & the Tomb of the Scarab Queen.
• Gold 3 – 150% up to €1000 and 25 free spins in the slot Gold Train.
• Gold 4 – 100% up to €1000.
• Gold 5 – 100% up to €1000.

Those are the bonuses promoted on the website, but once you register, you will see two other offers in front of you. The bad thing about those offers is that they come up with a coupon, so if you happen to activate them with your first deposit, you will lose the chance to claim the Gold Welcome Package. Keep this in mind, and see some more details.

• Bigger 50 – 200% up to €500 and 50 free spins, but the slot is not revealed. The minimum qualifying deposit is €20, while the wagering is 50 times. No cash-out limits specified.
• Sports Bonus – available for some players only, depending on their country of residence. If active, you should deposit €20 or more to get 100% up to €100. The wagering requirement is reduced to 10 times, while the cash-out limit will be 10 times the bonus, meaning that if you grab the highest prize, you will be allowed to withdraw up to €1000.

License

The biggest problem of Golden Pharaoh Bet is the license they have, or don't have. The thing is that the casino states to be authorised by CEG under license number 854151. CEG is Curacao E-Gaming, but the problem here is that no such number is attached to their authorisation papers. The license of E-Gaming is 1668/JAZ, and on top of that, the master holder provides a verification seal that each casino can put in their footer. Well, Golden Pharaoh Bet shows no seal, so it's practically impossible to verify they have any license whatsoever. Golden Pharaoh Bet's alleged license is suspicious, so we consider the casino a non-licensed house. And wagering in such places is dangerous for various reasons. See some:

• No regulation – unlicensed casinos are not regulated by any authority, meaning there's no guarantee that the games are fair or that the casino will let you withdraw your money. It's unlicensed, which means that no one can make them follow any rules.
• Security – unlicensed casinos may not have strong security measures protecting players' personal and financial information.
• Legal issues – gambling at an unlicensed casino can be illegal depending on your country's laws. Therefore, you may face legal consequences if you wager in unlicensed casinos.
• No disputes – if you have problems with an unlicensed casino, you have no way to initiate a dispute since they are not accountable to any regulatory bodies.
• Unethical practices – unlicensed casinos might employ unethical practices, like offering rigged games or using deceptive advertising. And since they are unregulated, no one can stop them from being unfair with players.
• Addiction and financial risks – unlicensed casinos might not offer responsible gambling tools, such as self-exclusion, for example. If you end up wagering in an unlicensed casino, the risks are definitely increased. More so, some unlicensed casino intentionally promote and encourage irresponsible playing.

As for Curacao, the island has an unique approach when it comes to licensing. Online casinos and bookmakers in Curacao are not licensed and regulated by the local gaming authorities directly, but four independent companies do so on behalf of the government – Antillephone, E-Gaming, CIL and Gaming Curacao. Each licensor company is responsible to sub-license and supervise online casinos, which guarantees that all rules and regulations are followed strictly.

It is often viewed that the supervision in Curacao is not as strong because of this approach, but certain benefits are there, as well. The capacity increases since there are four licensors instead of only one, and the overall procedure is seen as more efficient. Also, the licensing process and subsequent control become cheaper and quicker, which gives more flexibility to casinos. Generally, if you’re looking for a casino with extra bonuses and possibly a bigger choice of slot games, you might want to pick one licensed in Curacao.

Unfortunately, Golden Pharaoh Bet shows no evidence it's indeed licensed in Curacao, so it remains an unlicensed house as of now.

Restricted countries: Afghanistan, American Samoa, Bahamas, Botswana, Cambodia, Ethiopia, Ghana, Guam, Israel, Pakistan, Panama, Philippines, Serbia, South Africa, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, United States, United States Minor Outlying Islands, Virgin Islands, U.S., Yemen

Deposit and Withdrawal

Currencies: Euro (EUR), US Dollar (USD), British Pound Sterling (GBP), Australian Dollar (AUD), Swedish Krona (SEK), Turkish Lira (TRY)

The deposit policy of Golden Pharaoh Bet is rather disappointing as it doesn't accept very many methods. In most countries players will be restricted to bank transfers and crypto, which is not good at all.

The minimum requirement, however, is sound – from €5 for some particular cryptocurrencies to €15 for the rest of the methods. The maximum could be up €10 000 for some crypto coins.

Each deposit is free and instant.

The withdrawal policy is even worse – two methods only. And on top of it all, the minimum requirements are anything but favourable – €100. Note that the minimum for BTC withdrawal transactions is €200. That's insane, and especially given the fact that most casinos allow €10 to €20 to be the minimum for cashing out.

The maximum is €5000, and the withdrawal requests are processed free of charge within 48 hours. Before a request is submitted, though, players will be asked to meet the rollover requirement of 1 time. That's the deposit playthrough, so you won't be allowed to cash out if you haven't wagered your combined deposits at least once. Nothing to worry about here, as the rollover is a gaming and AML condition imposed by every casino. The standard is 1 to 3 times, so Golden Pharaoh Bet fits at the lower end.

The inactivity policy is also good. After 12 months no login, an account will be charged €5 per month. The standard is as follows: 6 to 12 months, and a charge of €5 to €10, so Golden Pharaoh Bet's conditions are pretty much optimal. Good for them.

Games and Game Suppliers

Game providers: Amatic, Apollo Games, Betsoft, Booongo, EGT Interactiv, Hacksaw, Merkur, Microgaming, NetEnt, NetGame, Nolimit, Nucleus, Platipus, Play'n GO, Playson, Playtech, PragmaticPlay, Push Gaming, Quickspin, Red Rake, Relax Gaming, Retro Gaming, Smartsoft Gaming, Spinomenal, Spribe, Tom Horn, Vivo Gaming, Wazdan, Yggdrasil, Other

The gaming library of Golden Pharaoh Bet is nothing extraordinary. They work with a small number of gaming providers, so the variety is not as good as we wanted it to be. Other casinos work with 5 times more providers to offer 5 times more games, so it's easy to understand why we aren't really happy with Golden Pharaoh Bet.

Anyways, the casino, on the other hand offers sports betting, which is a nice addition, so it's not all bad. And since we are here, let us spell some games you will find in the lobby.

• Slots – Monkey Warrior, Chilli Heat, Money Mouse, Lucky New Year, Pyramid King, Wild West Gold, Ultra Hold&Spin, Aztec Gems Deluxe, Book of Tut, Diamond Strike, Triple Tigers, Great Rhino Deluxe, Fire Strike, Master Joker, Caishen's Gold, Dragon Kingdom, Fruit Rainbow, Great Rhino, Wolf Gold, Buffalo King, and others.
• Jackpots – Sweet Crush, 81 Frutas Grandes, La Tomatina, Beastie Bux, Fruits Go Pop, Spacejammers, Mine Mine Quest, Cricket Mania, Frutopia, PengWins, Dragon VS Phoenix, Fluxberry, Dragon Riches 2, Book of Vampires, 243 Christmas Fruits, 3 Mermaids, Hawaiian Fever, Rot Stormo, Triple Thunder, and others.
• Live Casino – tables of Baccarat, Blackjack, Poker, Roulette and others, but the variety isn't that great here, as well. Only 54 games appeared with no Game Shows, so we aren't impressed at all.
• Sportsbook – live and pre-live betting on sports and e-sports like League of Legends, Dota 2, Counter Strike, Star Craft, Call of Duty and others. In sports, the majority of sporting events are found in Football, as expected – 1562 at the time of writing. Those include matches from tens of countries and hundreds of leagues. The outcomes are also in the hundreds, including 1×2, end result, goal scorers, first/second half, cards and so on.

Conclusion

Golden Pharaoh Bet is a casino with a very good welcome package, but apart from it, there is nothing else they can deliver. No reload bonuses are offered, the license of the casino is suspicious, the payment policy is not good, and the gaming library is lagging. Unfortunately, we cannot say that Golden Pharaoh Bet is a good casino.