Withdrawal limits doubled!

[Louise]

Hey friends,

I've got some good news for ya. (Couldn't find an old thread to put this is so have created a new one)

We've raised our weekly withdrawal limits from $2000 to $4000, so that's doubled !!!

We will also be offering higher limits for VIPs depending on the VIP level.

We listen and care, and are very happy to be able to offer this to all of our players now!!

Thanks,

Louise
Rushmore, Cherry Red & Slots Oasis Rep.

[doomed4ever]

Hi Louise not slamming you or your casino but why have withdraw limits ? When I gamble I wanna win big and when I win and I dont want to have a cap on my withdraws. Already the past week im above your weekly withdraw on the 2 Casinos I play at. Pls dont take offence to my post. Thanks.

[Webzcas]

Agreed. I tend to avoid any casino which has a withdrawal limit in place, regardless of the support provided. When I win, other than the initial security checks expected with the first withdrawal, I expect my winninngs to be paid in full in a timely fashion.

Not knocking your casino, just would like you to explain why you have to impose withdrawal limits in the first place.

[doomed4ever]

Yup seems like a no brainer to me. You take the risk, win or loose and when you win you want your money in full asap. Why should the casino be allowed to keep payouts over a number of weeks or possibly months if you hit a big one.

[silcnlayc]

What casino do you play at that has no limits? I know every casino that I play at has limits. ALL of them.

.

[XOXOXOXOXOX]

I don't think MG casinos do, i may be wrong though...
And I just checked iNet and the limit on overnight express is $999,999.00. Does it count?

[Simmo!]

I agree with the concensus that I would never play a casino with low withdrawal limits, however I had an interesting conversation with a respectable RTG last year about this.

The key with them was protection from new and potentially fraudulent players. On one occassion they got hit by a ring of bonus players - now I can't remember the exact sequence of events, but the upshot was that by placing a cap they could at least protect themselves to an extent. However, they were appreciative that regular players and potential high rollers could still have a problem with this, so they dropped the limits for players that had made 3 (I think) deposits or more and had been a member of the casino for over 2 months.

Seemed like a reasonable solution, although it was accepted that some players would still be put off. The key, as always, is communication.

MG's in general don't have cashout limits but I remember exceptions - for example, Casino Rewards have a $4k a week one in place, although they may make exceptions to VIP's too - not sure 'cos the 48hr reverse time put me off ever playing there

[doomed4ever]

Every MG casino I have played in has never had a withdraw limit. And they are others I have played in also with no withdraw limit. Its one of the qs I always as CS before I join a casino.

Think about it a Casino can have a number of Jackpots what the hell is the point of even trying to win one if you know your payment is going to be rolled over months. It might not bother some but for me its a no go.

And if I walk into a Land based Casino and win big, they are not gonna say oh come back every week as we split up your winnings. But I suppose its a minor issue that does not bother me, I just choose not to put my money into a place that has a limit on what can be withdrawn. Very bad practice in my "own" view.

[doomed4ever]

I agree with the concensus that I would never play a casino with low withdrawal limits, however I had an interesting conversation with a respectable RTG last year about this.

The key with them was protection from new and potentially fraudulent players. On one occassion they got hit by a ring of bonus players - now I can't remember the exact sequence of events, but the upshot was that by placing a cap they could at least protect themselves to an extent. However, they were appreciative that regular players and potential high rollers could still have a problem with this, so they dropped the limits for players that had made 3 (I think) deposits or more and had been a member of the casino for over 2 months.

Seemed like a reasonable solution, although it was accepted that some players would still be put off. The key, as always, is communication.

MG's in general don't have cashout limits but I remember exceptions - for example, Casino Rewards have a $4k a week one in place, although they may make exceptions to VIP's too - not sure 'cos the 48hr reverse time put me off ever playing there

I aint got a problem I suppose with the 1st withdraw being a while longer while they get documents in. But after that ... no excuse. And as for reverse times while we here thats why I dropped redflush they refused to budge on not flusing even though its only 12 hours. But they still lost my bling bling.

[EasyRhino]

(I recommend updating the thread title to mention the specific casino group that is doubling the limits)

Louise, bigger (or nonexistant) limits are good news.

I have another idea I recommend taking back to the bigwigs in management:

I've noticed that with Rushmore, the bonus amount is typically deducted from the net cashout amount, even if there are remaining chips in the account.

Hypothetical. You've got a very high roller who deposits $8000, and gets a $4000 bonus. Most Rushmore bonuses are "sticky" and removed on withdrawal. Mr. Whale plays for a while, breaks even, then requests a $4000 withdrawal. The $4000 of the bonus would then be deleted from the cashout, leaving him with a withdrawal of zero, and $8000 left in his account.

I recommend, if there is a balance left in the account, that the bonus be deleted from remaining account chips. That way a withdrawl of the full max ($4k) is possible that week. That's what I'm more accustomed to other RTG casinos doing.