Operator reference · Public-source PIR

Razed

Not a Wager Warriors partner

Razed is not currently a partner of The Wager Warriors, so it is not eligible for Takeback. Players who play here have no Takeback path through us.

The report below is built from public sources — payout reputation, bonus terms, and known withdrawal issues. We can't verify it the way we can with partner operators.

See Takeback-eligible casino partners

Operator summary

Crypto-first online casino on a low-cost Anjouan licence. Tiered VIP programme on paper, but rakeback and reload percentages are not published — return rates can't be calculated before depositing.

Trust and value

Player trust

5.5/10

Anjouan licence is verified and ownership disclosed. Pulls down: dispute resolution is operator-final and forced to Anjouan, accounts can be terminated 'without obligation to state a reason' (terms §10.4), and KYC video verification can be required on demand.

Ongoing value

5.0/10

VIP tiers are clearly structured but actual rakeback, weekly bonus and lossback percentages are not disclosed — return cannot be calculated pre-deposit. No max-bet rule was found in the supplied bonus terms (unusual; flagged for verification). Crypto-only adds friction for non-crypto players.

Rating confidence: medium

Key positives

  • Ownership and Anjouan licence are disclosed.
  • VIP tier structure is visible.
  • Crypto-first players can see broad progression milestones.

Key deductions

  • Not a WW partner, so Takeback is not available.
  • Rakeback/lossback percentages are not public.
  • Disputes are forced to Anjouan and account termination powers are broad.

Licence

Anjouan licence ALSI-132405034-FI3 issued to Wild Technology Ltd (Costa Rica reg. 3-102-898807). Anjouan is a low-cost offshore jurisdiction with limited independent dispute resolution; disputes are handled by mediation then arbitration in Anjouan under Anjouan law.

Licence confidence: verified

Operator card

Operating entity
Wild Technology Ltd
Company number
Costa Rica reg. 3-102-898807
Registration jurisdiction
Costa Rica
Licence authority
Anjouan Offshore Finance Authority
Licence number
ALSI-132405034-FI3
Governing law
Anjouan law
Complaints path
Mediation then arbitration in Anjouan under Anjouan law.

Bonus mechanics

Wager-contribution scales with game RTP: 100% on games at 96.5% RTP or below, dropping to 20% at 99.3% RTP. Table games and table-game equivalents are capped at 20%. A long list of titles (P2P/skill games, all VoltEnt and Booming Games, certain 3 Oaks Gaming titles) contribute 0%. Sportsbook and esports betting with bonus balance is not allowed; bonus-balance bets do not generate VIP progression.

Wagering requirement

40× on bonus winnings (bonus terms §2.2).

Key bonus facts

Bonus expiry
Bonus balances expire 5 days from activation unless a specific offer states otherwise (bonus terms §5.1).

Withdrawal limits

Crypto-only withdrawals, to a personal cryptocurrency address. Minimums and maximums depend on the payment method (shown at cashier). Progressive jackpot wins are paid in full.

KYC

KYC can be requested at any time and must be in Latin or Cyrillic alphabet — otherwise the casino can require video verification with documents on camera. If contact (email or phone) cannot be made within 2 weeks of a withdrawal request, the account is locked.

Payment friction

Crypto-only deposits with per-currency minimums (e.g. BTC 0.00002, ETH 0.0004, USDT 1.1, DOGE 10). Depositing under the minimum loses the funds. Refunds available only within 24 hours of the transaction (or 30 days if account compromise is alleged); pending bonuses and winnings are deducted before refund.

Restricted regions

Restricted regions include US, UK, Netherlands, France and territories, Singapore, Vietnam, Israel, Kazakhstan, Iran, North Korea, Austria, Curaçao, Comoros, and several Caribbean territories (terms §3.5). Sanctioned individuals are also prohibited. Some NetEnt titles have additional jurisdiction-level restrictions (terms §4.1–§4.4).

Rewards transparency

Partial Public

Ongoing value excludes the welcome bonus.

VIP type

Tiered VIP ladder from Bronze through Onyx with public tier names but opaque return percentages.

Cashback / rakeback

Rakeback, weekly/monthly bonuses, and lossback are described, but percentages/formulas are not public.

Reward wagering

Tier ladder is public; effective return cannot be calculated before deposit because rakeback and lossback rates are hidden.

Recreational player value

Low confidence for recreational players: Bronze starts only after 10,000 wagered and return rates are not disclosed.

High-volume player value

Potentially meaningful for very high-volume crypto players, but expected value is opaque without published rakeback/lossback percentages.

When not to play

  • You are in a restricted country listed in terms §3.5 — withdrawals and refunds may not be processed.
  • You want fiat deposit options — Razed is crypto-only.
  • You expect a regulator with strong consumer-dispute escalation — Anjouan disputes stay in Anjouan.
  • You play primarily table or live games for VIP progress — table games contribute 20%, and bonus-balance play earns no VIP progression.
  • You need to know your exact rakeback or reload rate before depositing — these are not published.

What public sources did not prove

These gaps are part of the report because operator opacity affects player confidence.

  • Maximum bet during bonusNot Found

    No max-bet rule was found in supplied bonus terms.

  • VIP rakeback percentagesNot Found

    Rakeback is described but exact percentages per tier are not public.

  • Weekly/monthly bonus formulaNot Found

    The calculation per tier is not disclosed.

  • Withdrawal SLANot Found

    No published withdrawal processing SLA was found.

  • Cashier withdrawal limitsAccount Gated

    Per-method minimums and maximums appear cashier-side.

  • Sportsbook bonus termsNot Found

    Sportsbook-specific bonus terms remain unverified.

What we couldn't verify

These are gaps in publicly available information. Treat them as unknowns when deciding whether to play.

  • Maximum bet rule while a bonus is active
  • Exact rakeback percentages per VIP tier
  • Exact weekly / monthly bonus calculation per tier
  • Withdrawal processing time (no published SLA)
  • Per-method minimum and maximum withdrawal amounts (cashier-only)
  • Sportsbook-specific bonus terms
Last reviewed: May 11, 2026