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Thread: If a casino is in financial trouble

  1. #11
    Rhyzz's Avatar
    Rhyzz is offline Experienced Member
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    Affiliates would more than likely be classed as a business, therefore would fall under the category of creditor and be one of the last to get paid.

    I'd imagine staff wages would take priority since banks could reimburse a player any deposited funds, that's the whole point of a chargeback. If they're a half decent operator though the bank that they use will ringfence any player funds and have a substantial amount in escrow to prevent this kind of thing. Banks are all too aware of how risky gambling is and the massive risk involved, so they are as much to blame as the operator if they do fail to pay anyone.

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    zaaaaabaaaaam is offline Full Member Achievements:
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    Quote Originally Posted by raj View Post
    Just a hypothetical question to consider...

    If a casino hits financial problems who do you think should take priority over distributing whatver funds they have??#

    1) Players.....ultimatley it is their money that kept the operation going, they are the ones who deposiited their hard earned cash to play the games and desreve to get back whatever is left available.

    2) Affiliates...people who have worked tireslessly to promote the sites and introduce players, by the time a casino goes under they are likely to be due several affiliate payments based on previous months deposits.

    3) Online casino employees wages......no one can work for nothing, for them this is not a recreation but a job which they need to pick up a salary from to live and feed their families.

    Or should all be treated equally??

    Just a thought and wondered what everyones opinions were.

    Raj
    IMO

    1) Employees (being stranded in a foreign country w/o your last 2 payslips and no job just 'cus the management couldn't keep things straight can be a bummer)

    2) Players (fair and square, it's "our" money)

    3) Affiliates (they know what business they are in and the risks...and they are most likely not depending on one single operator for an income either)

    4) INVESTORS (they know what business they have invested in and the risks involved)

    In reality they will secure as much funds possible for the investors and for sure there will not be a single penny left for anyone else...

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