It's unregulated and has no license, but don't shy away from it. Most bitcoin casinos don't have licenses, and they are trusted with hundreds of BTCs in investor bankrolls. Although this is using a fallacy as an argument, I wouldn't say that VegasCasino is a bad site to gamble on per se - just that their games are not great. They also don't have their sportsbook up yet, but do offer live casino options which shows a bit of reliability. Overall, nothing special but nothing bad.