Absolutely, If you google like Stake it bought a Curaçaoan licence, but you can get your ass theres no servers sitting there or even much of an operation there

They often have complex structures with shell companies all over the place and banking services through proxies, so running your own bitcoin and crypto infrastructure is so much easier.

these sites are also uses as mixing services because casinos don't really operate like exchanges, theres reports of operations sending funds to offshore casinos and washing their funds and pulling out stablecoins or Bitcoin so that could be another source of funds moving in and out