Ragnaro

We want to report the most severe findings possible directly. Ragnaro, launched in 2025 and operated by Lumina Holdings Limitada, operates without a gambling licence at all, per casino.guru's own direct statement. Casino.guru rates it Very Low 1.4 and explicitly recommends players 'refrain from using this casino,' citing 9 documented complaints - delayed withdrawals, confiscated winnings, and unresolved deposit issues - plus a very high value of withheld winnings relative to the casino's small size. AskGamblers independently corroborates the underlying trust concern with a specific licence-transparency red flag: 'the license details aren't clearly displayed,' and when the reviewer asked support about licensing via live chat, they received only a generic referral to email, prompting AskGamblers to note directly that 'a license shouldn't be a secret.' AskGamblers separately documents a case where a player's EUR500 withdrawal (the stated daily maximum) was delayed three weeks despite meeting all requirements, contradicting the casino's own stated 2-3 business day processing timeframe. The casino offers only self-exclusion as a responsible-gambling tool, described as 'below basic.' On the positive side, it does offer a large game library (90+ providers) and crypto-friendly design. Given the confirmed absence of any licence and the corroborated withdrawal and transparency concerns, we strongly recommend avoiding this brand.