Nearly 13,000 games, deposits from €10, and no licence published anywhere. I read all 202,000 characters of Lizaro’s terms and logged every cashier limit so you can decide with the numbers in front of you.
Lizaro is a Wild-West-themed online casino and sportsbook carrying roughly 12,850 games from 120 studios, with deposits from €10 across cards, Mifinity and fourteen crypto rails. Its bonus mathematics are written down in plain numbers, which is rarer than it should be. What is not written down anywhere is who operates it: no company, no registration number, no licence and no regulator appear on the site or in the terms.
Across 23 pages totalling 65,083 words, I worked through the live cashier country by country, pulled the full General Terms and Conditions, and recorded both what Lizaro publishes and what it leaves out. Where a figure is unpublished, this site says so instead of filling the gap with a guess.
Every figure below comes from Lizaro’s own site or its General Terms and Conditions, version 1.12 of 19 August 2026. Anything the operator does not publish is marked as unpublished rather than estimated.
| Feature | Lizaro | Notes |
|---|---|---|
| Licence | None published | No operator, registration number or regulator named |
| Games | ~12,850 from 120 studios | Evolution and Pragmatic Play are absent |
| Welcome package | 350% up to €16,000 + 350 FS | x35 wagering, x10 withdrawal cap, 10-day window |
| Cashier | Deposits from €10 | 19 rails, 14 of them crypto; fees not published |
| Withdrawals | 3 business days stated | Capped at €7,000 to €20,000 a month by VIP level |
Figures captured on 27 October 2026 and re-checked quarterly. If Lizaro publishes a licence, this table changes the same week.
Marc Delvaux, a casino reviewer of nine years who previously worked in the payments team of a licensed operator. Every page carries the same byline and the same scoring method.
By working through the operator’s live site and its full terms: the cashier is opened country by country, every published limit is logged, and the terms are read end to end. Where something is unpublished, we say so.
With the full review if you want the verdict and the evidence behind it, or with the payments pages if your question is about getting money in and out.
We earn affiliate commission when a reader signs up through a tracked link, and that funds the research. Scores and conclusions are set before any commercial consideration, and the methodology page explains how.
I’m Marc Delvaux. Nine years reviewing online casinos, part of that inside the payments team at a licensed operator, which is where I learned to read a terms document before a promo page. I care about what an operator commits to in writing, because that is the part you can hold them to.
This site exists because the honest version of a casino review is usually the boring part: the clause about withdrawal ceilings, the fee that starts after six months, the licence that turns out not to exist. I write those down, with the numbers attached, and I say plainly when something cannot be verified.
Read my methodology