Gold Coin Group Review: Social Casinos and Legality
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Gold Coin Group LLC runs its operations out of Abilene, Texas, and Cheyenne, Wyoming, focusing on the social casino space.
It owns Chanced Casino and Punt.com — two platforms that turn traditional gambling into sweepstakes casino-style games that are legal in most U.S. states.
Instead of creating its own titles, Gold Coin Group works with well-known and RNG-certified developers like Pragmatic Play and Relax Gaming to provide its content.
The company has received a cease and desist letter from the New York Attorney General and is potentially facing a lawsuit from the law firm Labaton Keller Sucharow.
Gold Coin Group company info
| Company Details | Information |
|---|---|
| Owner | Gold Coin Group LLC |
| Primary Office | 2438 Industrial Blvd #681, Abilene, TX 79605 |
| Secondary Office | 1718 Capitol Ave., Cheyenne, WY 82001 |
| License Type | Sweepstakes model (no traditional gambling license required) |
| Employee Count | Not publicly disclosed |
| Financial Earnings | Not publicly disclosed |
| Social Casinos | Chanced Casino, Punt.com Social Casino |
| Previous Ventures | Juked (social sportsbook – discontinued) |
| Year Established | 2023 (Chanced), 2024 (Punt.com) |
What are the Gold Coin Group casinos?
Gold Coin Group operates two social casinos: Chanced Casino and Punt.com, each offering unique gaming experiences through the sweepstakes framework.
They use Gold Coins to play for fun and Sweeps Coins, the promotional tokens which you can exchange for cash rewards.
Chanced Casino
Chanced is the first social sweepstakes casino under Gold Coin Group LLC, launched in 2023. The platform delivers an extensive collection of 1,300+ games from 14 providers including Red Tiger and Hacksaw Gaming.
Chanced Casino’s promotions include a signup bonus of 10,000 GC and 2 SC, a tiered daily giveaway granting up to 20,000 Gold Coins and 1 Sweeps Coin and other rewards like postal requests, refer a friend and weekly races and raffles.
You'll find everything from Big Bass Reel Repeat slots to 64 live dealer experiences, which is a rarely huge selection for this category.
Operating legally across most of the US states, Chanced requires players to be 21+.
Punt.com Social Casino
In 2024, Gold Coin Group launched their second venture Punt.com social casino.
You can play a vast number of 1,152 slots alongside jackpot games and live dealer tables from 9 providers.
Pragmatic Play and BGaming dominate the lobby, powering favorites like Joker Bombs and Densho.
Punt Casino distinguishes itself through weekly raffles where every 1,000 SC played earns you a ticket to compete for substantial prizes.
Gold Coin Group lawsuits
In June 2025, New York's Attorney General Letitia James issued cease and desist letters to Chanced Casino alongside 25 other sweepstakes platforms, declaring these operations illegal under state law.
The company confronts individual arbitration claims and potential class action lawsuits spearheaded by Labaton Keller Sucharow law firm. These cases center on players attempting to recover gambling losses through state-specific recovery statutes.
The fundamental argument challenges whether sweepstakes coins constitute "things of value" under gambling laws, directly questioning Gold Coin Group's operational foundation.
The sweepstakes framework itself draws regulatory attention. Gold Coin Group operates without traditional gambling licenses, relying on promotional contest laws that permit free-to-play mechanics with optional purchases.
Although part of the SPGA (Social and Promotional Games Association), the company shut their platform Juked without any official statement.
This business structure faces ongoing legal challenges as states reassess sweepstakes casino legality. While no settlements exist publicly, the mounting legal pressure represents substantial operational risk for both Chanced Casino and Punt.com Social Casino.