Club World Group Lowers Table Limits?

[Darlabean]

Wanted to see if anyone else has experienced this on Blackjack or any other games. Table limits on the following properties Lucky Red, Aladdin and Club World were lowered from $500 to $100. I was told it wasn't "personal" but rather an across the board decision.

Anyone have a similar experience?

 

[winbig]

Wish I could be of help, but I run far, far away from RTG table games. They're worse than the slots when it comes to RTP%, imo.

 

[lottethedog]

Sounds like a casino in trouble cash flow wise...I mean why lower the limits - only because you cant manage the winnings

 

[Simmo!]

I've seen this at two casinos recently. Go Wild did it a couple of weeks ago too. I doubt CWC are in financial difficulties - they've launched 2 new brands and bought out another this year already LOL.

 

[winbig]

Yes, but what sense does it make to lower table limits?

Even if the odds are more in the casinos favor with larger sized bets, like some speculate, then it really doesn't make any sense.

I mean.....they're always going to get whatever theoretical % return on their money every second of every day of every year, so what motive would they have to lower bet sizes? Plain stupidity? It just seems that they're just trying to limit their losses, which, again, makes NO SENSE at all, unless there's a cash flow problem.

I didn't know about gowild lowering their limits, but step back and think about it for a second. We're talking about GoWild, here. The ones that shot themselves in the foot by 86ing (shitcanning) EVERY player from the USA instead of doing the logical thing and migrate all American players over to the new MGS platform. Instead, they kept those players in the dark until they tried to log in on that fateful day to find out that their account was locked.

I'd imagine that they're really hurting for $$$ right now due to that stupid business decision months ago. I'm sure there's many other players that agree with me when I say that I'd never deposit a penny at GoWild's casino ever again, when and if they re-open to Americans, just for the way they treated us in the end.

 

[winbig]

I've seen this at two casinos recently. Go Wild did it a couple of weeks ago too. I doubt CWC are in financial difficulties - they've launched 2 new brands and bought out another this year already LOL.

...just because they launched new casinos doesn't mean that they're not taking a loss...think of it like this...I could have a 5 million dollar mansion and 10 cars worth another 5 million, and not have a penny to my name with debt up to my eyeballs...looks can be very deceiving.

ie: What's to say that there's more money going out than coming in, causing them to dip into their "reserves?"

 

[winbig]

<my brain isn't working right today, forgive me >

There's another scenario - the table games are vulnerable (non-random,) and someone figured this out and they're taking a beating.

 

[Simmo!]

Realistically I'd suspect there aren't that many players going to be playing $500 a hand with a $3k a week cashout limit anyway

 

[winbig]

Realistically I'd suspect there aren't that many players going to be playing $500 a hand with a $3k a week cashout limit anyway

Sure they will....but only 6-10 hands a week

 

[Nate]

Realistically I'd suspect there aren't that many players going to be playing $500 a hand with a $3k a week cashout limit anyway

Another sign that their bankroll is possibly limited??.. Why do Casino's do this to begin with? You can deposit 50k in a week but only withdraw 3k?

I wonder if Land Based Casinos did this what would happen...

 

[Simmo!]

Another sign that their bankroll is possibly limited??.. Why do Casino's do this to begin with? You can deposit 50k in a week but only withdraw 3k?

I wonder if Land Based Casinos did this what would happen...

Yeah I can understand it for new players who haven't been ID'ed as a fraud protection measure but I'm totally with you on this one, I don't agree with limits after a player has been verified.

 

[vinylweatherman]

Yeah I can understand it for new players who haven't been ID'ed as a fraud protection measure but I'm totally with you on this one, I don't agree with limits after a player has been verified.

Maybe they can no longer handle this level of high roller. If they played at this level, they would have large balances that were restricted to a 3K per week withdrawal limit. This in turn could cause large liabilities to build up (high roller player balances), which in turn might create legal problems (insurance, processing, ring fencing funds, tax, etc).

Lowering table limits would mean that players would no longer make such large deposits because they could only bet $100 per hand, rather than $500.

I have seen the same with MGS casinos, where $500 was the limit by default on Blackjack, but this default now seems to be $100 in many places.

The MGS default on 3 card poker is $200 per bet, and you can therefore bet $600 on a single hand (Ante, Pair+, play). A high roller with luck on their side can do a great deal of damage It can also do a great deal of damage to the PLAYER when the luck turns

In a mad moment at All Jackpots, I made 20K in about an hour off this game, and next day gave the bloody lot back to them at All Slots
This was at 100 chips, so could have been 40K. What limit has Club World set for this game? I bet it's not $200 per chip

It might have been better for me if there WAS a 3K per week limit, as I would have been well off the "high" by the time I got paid out.

 

[love2winalot]

Hiya: Just so you all know, a LOT of casino's here in Las Vegas have lowered their table limits. Binions as example went down in this order.
1. if you can bring it, you can bet it.
2. $10,000 max bet.
3. $1000 max bet.
4. $500 max bet, and $25 max bet on any one spot on the roulette table.

A lot of other casino's at BJ, lowered the max bet from $500, down to $300.

 

[vinylweatherman]

Hiya: Just so you all know, a LOT of casino's here in Las Vegas have lowered their table limits. Binions as example went down in this order.
1. if you can bring it, you can bet it.
2. $10,000 max bet.
3. $1000 max bet.
4. $500 max bet, and $25 max bet on any one spot on the roulette table.

A lot of other casino's at BJ, lowered the max bet from $500, down to $300.

It must be down to the tightening in the economy, with Club World simply following their B & M counterparts.

It must be down to wanting to reduce the day to day volatility, since a single high roller betting $10,000 can still do a lot of damage, but would do far less with caps of $1000 - $300.

Average players are unlikely to be bothered by the fact that they can now only bet $300, rather than $10,000, on a single game. It is the high rollers that are squealing.

 

[winbig]

I'm sure that if you wandered in the high stakes areas, they surely don't have weak $500 limits. ...or do they? imo they'd be shooting themselves in the foot if they didn't cater to high rollers.