go wild withdrawal limits

[zebedy]

i just noticed this at go wild, i know alot of casino's have withdrawal limits but i thought microgaming was an exception, i hope i dont win the mega moolah jackpot there, it would take ages to get paid, 5 million at 5k a month

Please note that: While there is NO LIMIT to the amount a Player can cash out in the casino, there is a maximum amount that can be Withdrawn in one time. For receiving any Withdrawal which is higher than $5,000, an amount of $5,000 (or the corresponding amount in the currency of payment) will be paid to you once a month, upon your Withdrawal request, until the full amount of your Withdrawal is paid. The foregoing applies also to Withdrawals of progressive jackpots. Withdrawals depend on verification of all required documents.

[NASHVEGAS]

i just noticed this at go wild, i know alot of casino's have withdrawal limits but i thought microgaming was an exception, i hope i dont win the mega moolah jackpot there, it would take ages to get paid, 5 million at 5k a month

At least GW divulges it on the progressives which makes them one step above Rival.

Regardless, nothing more than a designed scheme aka FRAUD on progressives that is a breach of the "Contractual Aspect Of Gambling".

Rest assured if the US does regulate, the licensed onlines better have the capital, the reserves, and the float. A bet made will be a bet paid. That said, the onlines mentioned may have the above but they (and some affiliates as I once read a repulsive thread at CAP which I may have) simply know most will lose their winnings back before they are ever disbursed.

[zebedy]

At least GW divulges it on the progressives which makes them one step above Rival.

Regardless, nothing more than a designed scheme aka FRAUD on progressives that is a breach of the "Contractual Aspect Of Gambling".

Rest assured if the US does regulate, the licensed onlines better have the capital, the reserves, and the float. A bet made will be a bet paid. That said, the onlines mentioned may have the above but they (and some affiliates as I once read a repulsive thread at CAP which I may have) simply know most will lose their winnings back before they are ever disbursed.

i thought the progressive jackpots with micro were shared, where they all pay a percentage into a main kitty then when someone hits at a particular casino the money is there to be paid in a lump sum, or is it only land based casinos that do it, if you know what i mean

[1819]

At least GW divulges it on the progressives which makes them one step above Rival.

Regardless, nothing more than a designed scheme aka FRAUD on progressives that is a breach of the "Contractual Aspect Of Gambling".

Rest assured if the US does regulate, the licensed onlines better have the capital, the reserves, and the float. A bet made will be a bet paid. That said, the onlines mentioned may have the above but they (and some affiliates as I once read a repulsive thread at CAP which I may have) simply know most will lose their winnings back before they are ever disbursed.

but they are divulging useless information. in reality they are telling you that is you hit a 5 million dollar progressive you will never see the money. it would take 83 years to be paid at that rate.

[thelawnet]

i just noticed this at go wild, i know alot of casino's have withdrawal limits but i thought microgaming was an exception, i hope i dont win the mega moolah jackpot there, it would take ages to get paid, 5 million at 5k a month

ROGUE.

Without question. They should be rogued immediately.

The progressive jackpot is coming from Microgaming, not from their capital. They have no right to hold on to it.

And the other rogue term here is "upon your Withdrawal request".

That's just wrong. You should not have to beg each and every month to get your cash.

Finally, the limit is ridiculously low. What they are effectively running is a ponzi scheme. We don't have more than $5k for you today, but once some more people have deposited, we can use their money to pay you yours.

AVOID

[chuchu59]

Being upfront about this doesnt make them less roguish. Microgaming should be informed of their behaviour. Besides, if this casino receives the progressive funds from MG in the tune of $5 Million, it is likely you will see no more than 3 $5000 instalments before they flee for good. 83 years? 83 days will be much closer (their closing shop that is).

[NASHVEGAS]

but they are divulging useless information. in reality they are telling you that is you hit a 5 million dollar progressive you will never see the money. it would take 83 years to be paid at that rate.

Agree 100%!!

An excerpt from a couple month's old chat with a Rival casino (but I checked all and the following is pandemic at all Rivals with no upfront disclosure unless one inquires) where I express my opinion below:

you: I have another question, I see on you winners list you have had progressive winners. Since progressive jackpots are accumalated from players across all the various casinos , are they paid in full and not installments??
you: did you cut me off??
you: hello
you: I guess so
Reena: of course not
you: gr8
Reena: I'm still here.
Reena: One moment please.
Reena: They're paid in installments.
you: so progressives are paid installments, then they should not be called progressives imho
Reena: Your opinion is always more then welcome
Reena: Is there anything else I might be able to help you with?
you: ty for now and I appreciate the information....good luck

CM was very clear as I understood on the above being unacceptable (and why) when the Progressive was won at Blackjack Ballroom in the Spring of last year.

Whether a MG, a RTG, all Rivals or others they should be held accountable imo. It is more than a Blackeye,lol!!

[AussieDave]

i just noticed this at go wild, i know alot of casino's have withdrawal limits but i thought microgaming was an exception, i hope i dont win the mega moolah jackpot there, it would take ages to get paid, 5 million at 5k a month

I went to find this info and couldn't. Can you post the URL please.

All I found was:
xxxhttp://www.gowildcasino.com/termsandconditions.html

6 - Payment and Winnings
6.5 The maximum payout for any one 24-hour period for any one customer is £120,000 in the casino and £100,000 on the poker network. The daily maximum payout in the casino excludes winnings on GoWild's progressive casino games, payouts of which are governed by the Jackpot amount.

Either someone contacted MG or maybe a Go Wild rep saw it and got it changed.


Cheers
T

[zebedy]

http://www.gowildcasino.com/banking.html

its about 3/4 of the way down the page

I went to find this info and couldn't. Can you post the URL please.

All I found was:
xxxhttp://www.gowildcasino.com/termsandconditions.html

6 - Payment and Winnings
6.5 The maximum payout for any one 24-hour period for any one customer is £120,000 in the casino and £100,000 on the poker network. The daily maximum payout in the casino excludes winnings on GoWild's progressive casino games, payouts of which are governed by the Jackpot amount.

Either someone contacted MG or maybe a Go Wild rep saw it and got it changed.


Cheers
T

[vinylweatherman]

They also have this:-

All withdrawal requests are processed within twenty four (24) business days after the date of the request. However, please note that the casino reserves the right to withhold withdrawals for security checks until the receipt of all the required documents, including a digitized photograph, for verification and promotional purposes, at which stage the withdrawal will be processed.

1) 24 business days is about a month, and is VERY slow for an MGS casino. This further supports views that they are running with a limited float.

2) They are the first casino I have seen to answer exactly WHY they need a photograph, and spell out EXACTLY what I said it might be some while ago. It is so they can quickly use the photo if a player of theirs wins big, rather than have a delay whilst they try to persuade the player to part with one. They at least ADMIT they require a photo in a term that mainly relates to the documentation required for a payout.

GoWild Casino ("us", "we") is registered and licensed company in Malta. GoWild Gaming posses a letter of intent from the Lotteries and Gaming authority malta number: LGA/CL3/474/2008. Malta began licensing online gambling sites in 2000 under the Public Lotto Ordinance. Since then, the Lotteries and Gaming Authority (LGA) has developed its policies and procedures of remote gambling operations.

Malta yet again, the Kahnawake of the East Pile 'em high, and regulate them light
This statement looks like those "legally licenced and insured" claims from clip joints. They say they are a "Registered and licenced COMPANY", and that they have a "Letter of intent" from the lotteries and gaming authority, NOT A FULL GAMING LICENCE. They then add "Malta began licensing online gambling sites in 2000 ......." yes, but irrelevant - are they trying to fool us by association, adding this text last so that we leave the paragraph with the impression they have a FULL GAMING LICENCE from Malta.
They have had this "letter of intent" for many months now, so are we to assume that Malta are happy to allow this "limbo state" to continue almost indefinitely whilst the operator undertakes the running of a fully fledged GAMBLING business.

As for a Mega Moolah win being paid in $5000 instalments. It won't happen, the PR will KILL MGS if they allow it to (although the bad PR risk is much lower for the many smaller progressives), however, this means the term is rogue, since it is not in the gift of GoWild to dictate MGS policy, but rather it is the other way around, as was seen when MGS dictated that no new US players would be allowed.
They may even have got their grammer in a twist, and meant to say progressives were NOT subject to the limitation.

Maybe they cut 'n' pasted their terms from some RTG casino - so many casinos seem to simply cut 'n' paste, and are then so damn lazy they can't even be bothered to proof read the result before going live with it.

Someone with "clout" should try to draw MGS to comment on the general lowering of standards of an increasing number of licencees, before MGS starts to become the "RTG of the East"