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usbarbadosslim93
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8 June 2012 - 1:16am

Is It Just Me?

4 replies • Last post

Is it just me or am I seeing more and more casinos popping up with payment processing issues and up right shutting down.

Recently I have seen some big casinos like Bovada even being charged with LOOONG payout times.

Is there an attributable reason for this? What gives?

ushope777
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8 June 2012 - 4:30am
#1
barbadosslim93 wrote:

Is it just me or am I seeing more and more casinos popping up with payment processing issues and up right shutting down.

Recently I have seen some big casinos like Bovada even being charged with LOOONG payout times.

Is there an attributable reason for this? What gives?

Not sure what you mean? You mean first the payment issues and then the casino shuts down? Which casinos?

Are you saying that Bovada is taking forever to pay you? What method of payment do you use there? I have never deposited much there nor won enough to withdraw. I just play a little poker there now and then, now, cuz I don't care for their casino section much. I just try to keep a few bucks in there to play in the penny rooms to keep honing my Hold'em skills, lol.

Can you explain what you mean for those of us who are blond? lol

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

usbarbadosslim93
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8 June 2012 - 2:21pm
#2

Hope, a lot of casinos have had reports of long payouts, are closing shop, or are having problems accepting player payments. It is usually in a pattern with slow payments, followed by a closure or suspension of operations.

I just find it to be odd, and I have heard of more sites shutting down abruptly or following this pattern in recent months and was thinking it may just be me, but maybe there is something going on.

As for Bovada, there is a news link here: http://www.casinolistings.com/news/2012/06/slow-bovada-payments-causing-...

doyellowboots
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8 June 2012 - 3:26pm
#3

Headline question Slim - excellent, top marks... Beer

Ed > to the rescue please - what's going on?!? Slump in gambling companies like the rest of the world's businesses? Is our cash safe Sad or alongside new words 'Grecix' and 'Spanic' will we soon see another one in the media to describe online gambling meltdown > forum nor open for suggestions for a word for this?!? Toastix? I don't know

auCL-Ed
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9 June 2012 - 12:01am
#4

Its definitely a problem for casinos that continue to accept play from Americans. They have to use payment processors that disguise transactions, and the processing companies are prone to "disappearing", with or without the casino's cash. If you're not American and you have the option, I would stay away from casinos that accept Americans at the moment as the payment delays are not worth the hassle.

There are also loads of "low-rent" casinos popping up all over the place that are under-capitalised and run out of jurisdictions that don't effectively vet the operators by inexperienced people who think a casino is an easy and sure fire way to become a millionaire. A few moths later they realise its not the yellow brick road they thought it was.

Things are a lot more stable for the European based casinos as far as payment processing goes, but you would be foolish to dismiss the economic situation in Europe as having no effect. If people are tightening their belts then there will be less discretionary spending on entertainment, so I would expect casinos to start feeling the impact. We have recently seen Purple Lounge Casino shut down. It will be interesting to see the next financial reports of publicly listed operators like 32 Red, Betsson, Playtech etc.

My advice is to stick with the big name casinos run by experienced management if you can!

Always play it safe! Consult our list of rogue casinos and warnings before depositing.
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