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Accept USD but not US Players?????

Discussion in 'Online Casinos' started by suzecat, Aug 29, 2014.

    Aug 29, 2014
  1. suzecat

    suzecat Dormant account CAG MM webmeister

    Occupation:
    Retired
    Location:
    California
    Please explain to this American why a casino would accept our money (USD) but not our players????? And please do not use our screwball laws/government as an excuse. Thanks. :confused:
     
    1 person likes this.
  2. Aug 29, 2014
  3. Jasminebed

    Jasminebed Closer to 100 than Birth

    Occupation:
    Not in workforce
    Location:
    Ontario
    I play a few casinos that don't accept US players and don't offer CAD as an option. I usually choose to play in US dollars rather than choosing euros at those casinos.

    A casino might accept players from Brazil, but not offer their currency for instance.

    Pretty much any currency worldwide can be exchanged for US dollars, with at least Cuba as an exception, but they don't allow gambling anyway there.
     
    1 person likes this.
  4. Aug 29, 2014
  5. Finn

    Finn Senior Member MM

    Occupation:
    Engineer
    Location:
    Finland
    Let's say casino has only pounds, euro, dollars as the currencies, but they allow players from dozens of different countries.

    Since dollar is the most famous currency in the world, people usually have pretty good idea what is the exchange rate of their currency to dollars, most people choose dollar as their account currency if their own currency is not available.
     
    1 person likes this.
  6. Aug 29, 2014
  7. paul7388

    paul7388 Meister Member MM

    Occupation:
    not a lot
    Location:
    glasgow scotland
    Don't ask me why but I have an account with Go Wild tho I don't depost there anymore and its in dollars even tho im in UK. Don't know why it was registered in dollars but I never changed it.
     
    1 person likes this.
  8. Aug 29, 2014
  9. suzecat

    suzecat Dormant account CAG MM webmeister

    Occupation:
    Retired
    Location:
    California
    See in my mind, that's the rub. Using USD to facilitate a business model/plan and then excluding Americans from participation is just plain wrong.

    My British cousins are getting excluded from casinos they have played for years. Why???

    What the hell is happening to our freedoms?
     
  10. Aug 29, 2014
  11. Nate

    Nate Ueber Meister CAG webmeister

    Occupation:
    Monster
    Location:
    Cyberspace
    Freedom goes out the door when $$$ is involved. Everyone wants a slice of the cake.

    Nate
     
    1 person likes this.
  12. Aug 30, 2014
  13. K2C

    K2C Experienced Member webmeister

    Occupation:
    Data analyst
    Location:
    USA
    US Dollar is a global currency. People from different countries have bank accounts in US dollars which makes it easy for them to transact with casinos in that currency.

    There is a total of 180 currencies in circulation in 193 UN member countries. Most of those currencies are not even available in a single online casino. It can be seen from the below graph that only 15 currencies are accepted in 20 or more casinos and only 6 currencies are accepted in 100 or more casinos (out of the 356 casinos I studied).

    [​IMG]


    Here is another graph which shows how many different currency selections casinos typically offer. One can see that most casinos allow accounts in 5 or less different currencies, and only about 12% of online casinos offer more than 10 currency selections.

    [​IMG]

    In summary, it is very typical for a player registering in a casino not to see his home currency in the list. In that case the player would open an account in one of the global currencies of which USD is arguably the top one. Furthermore, some players would open a bank account or e-wallet in a global currency so they can play in many casinos even if their local currency is accepted by some casinos.
     
    4 people like this.
  14. Aug 30, 2014
  15. suzecat

    suzecat Dormant account CAG MM webmeister

    Occupation:
    Retired
    Location:
    California
    So thinking about UIGEA (yeah, I know I said not to use that as an excuse for why we can't gamble in USD-accepting casinos) how does all that USD cash go to and fro and our government allows that to happen?

    So is the whole point of that to exclude us and not the BS excuse that the banks cannot facilitate the transfers from US player to casino/casino to player?

    The processors are having the hassle getting all that USD cash to flow from player's bank to casino (easy part) and then from casino's bank to player (nigh impossible part). No wonder so many Canadian checks are used that fail.

    Welcome to the wonderful :Dworld of placing bets on anything but horses.
     
  16. Aug 30, 2014
  17. rshkrn

    rshkrn Senior Member

    Occupation:
    unemployed
    Location:
    Asia
    can't imagine a gambling industry without $$$....both online and B&M
     
  18. Aug 30, 2014
  19. Balthazar

    Balthazar The Governor

    Occupation:
    Leader
    Location:
    Woodbury
    I'm having a hard time to follow you here. You make it sounds like it's the casinos that are to blame for not accepting US players and therefore shouldn't use the USD?

    Casinos don't interfere with your freedom. Politicians do. I'm sure that ALL the online casinos out there (yes, all) would be more than happy to open their doors to the most lucrative gambling market on the planet.
     
  20. Aug 30, 2014
  21. suzecat

    suzecat Dormant account CAG MM webmeister

    Occupation:
    Retired
    Location:
    California
    I think you missed the point. My beef is with my government -- USA -- apparently making casinos so paranoid they are afraid to allow players from the USA to play.

    BTW the good old USA runs on the tax dollars of millions of hardworking Americans. The same Americans that can't do what they wish with their own money. That sucks.
     
    4 people like this.
  22. Aug 30, 2014
  23. Googobucs

    Googobucs Meister Member

    Occupation:
    IT Manager
    Location:
    Florida, USA
    It's not actual physical hard currency cash changing hands. It's simply the value of the US $ that is being used to calculate the deposit wager and withdraw. The player is depositing in his native currency converted to the value of a US $ for the purpose of gaming and then withdrawing it back and converting it back to their native currency. No physical US cash is ever changing hands.
     
  24. Aug 30, 2014
  25. suzecat

    suzecat Dormant account CAG MM webmeister

    Occupation:
    Retired
    Location:
    California
    LOL I realize that. There's also all those open hands along the way for their cut (their piece of the pie) and that sucks too.
     
  26. Aug 30, 2014
  27. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    That hits the nail right on the head.
    In my honest opinion the only (and I do mean ONLY) reason the US Government tried to stop online gambling is because there is no way for them to tax it.
    If they were getting their cut, ALL casinos would be allowed into the USA.
    It's not enough for them that they have ALREADY taxed your money when you earned it - they want to tax it again, just like they do when you spend it buying any other goods or service :mad:

    KK
     
    3 people like this.
  28. Aug 30, 2014
  29. kadcox

    kadcox Account suspnded until further notice - please con

    Occupation:
    World Wonderer
    Location:
    Worldwide Baby!
    @Suzecat In a nutshell I FEEL you too. To make a long story short. I am sick of RTG also. Wished we could play some of the other major brands.
     
    2 people like this.
  30. Aug 30, 2014
  31. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    What other brands have you tried?
    There are quite a few other than RTG available in the USA - though whether you would class them as "major" is a different issue...

    KK
     

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