1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

GNUF Cashout pending extended to 48 hours - Looks like everyone is doing it...sad

Discussion in 'Online Casinos' started by plasticnote, Aug 23, 2011.

    Aug 23, 2011
  1. plasticnote

    plasticnote Senior Member

    Occupation:
    trader
    Location:
    Australia
    I have just been told that GNUF cashout pending is now 48 hours, not 8 hours.
    Looks like every casino is extending the cashout pending much longer.
    And stop flushing withdraw...

    Feel bad about it. Do casinos realize they will lost customers?

    Any reason for that?

    Cheers
     
  2. Aug 23, 2011
  3. mattsgame

    mattsgame Ueber Meister CAG webmeister

    Occupation:
    Web Master
    Location:
    Clown Town
    This is palace groups policy unfortunately, I stopped playing here once they took it over.
     
  4. Aug 23, 2011
  5. plasticnote

    plasticnote Senior Member

    Occupation:
    trader
    Location:
    Australia
    What? Gnuf is part of betway, I think, not palace group?
    When did the take-over happen?
     
  6. Aug 23, 2011
  7. mattsgame

    mattsgame Ueber Meister CAG webmeister

    Occupation:
    Web Master
    Location:
    Clown Town
    Both Gnuf and Betway where taken over by the Palace group back in late April early March if I recall correctly.

    EDIT: Just found a thread that was discussed back on March the 3rd Betway & Gnuf Taken Over
     
  8. Aug 23, 2011
  9. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Occupation:
    EXECUTIVE
    Location:
    SOMEWHERE IN ASIA
    No reason other than they hope we reverse and lose the lot. No stats in hand but obviously the longer the pending period the more likely the impatient gambler is likely to reverse and play especially if he is short on funds or has few deposit options.

    Aslong as the whole industry is doing likewise they wont lose cusomers to each other.
     
  10. Aug 23, 2011
  11. De Beuker

    De Beuker Senior Member

    Occupation:
    Production
    Location:
    Netherlands
    Are you not a VIP player there?
    With your betting levels.. I think you should. :D

    They do flush, but only for VIPs.

    I'm still not sure if they are really part of the Palace Group or if they just happen to use the same promotioncompany.
    Same promo's, same percentages, same time that they are running.
    But deposits/withdrawls still show as Betway/GNUF in my Neteller, not Palace Group.

    Prime for example does show as Palace Group.:confused:

    Congrats on your winnings btw!:thumbsup:
    Especially your LOTR screenies made me play the game again.. and lose my a$$ as usual on that one, lol..:oops:
     
  12. Aug 24, 2011
  13. Simmo!

    Simmo! Moderator Staff Member

    Occupation:
    Web Dev.
    Location:
    England
    I hate long reverse times and won't hang around at any casino that has them. But to play devil's advocate, the high costs imposed by the processing companies on both deposits and withdrawals (I think in the range 3-10%) and the current economic climate also have a bearing on the decision. A casino can only survive if it business is viable and right now cost cutting is the order of the day for a lot of places. Best guess is that's largely why we are seeing more and more casinos changing hands.

    Striking the right balance is what is required. I can understand that for new players or low rollers those processing costs can make them non-viable. But for VIP's and well-known players there needs to be some slack.

    My bet is that when the US regulates and competition increases among the payment processors trying to grab market share, costs will come down and we will see some more slack. Until then...

    On the bright side there are still some very good casinos with no or low reverse times :)
     
    Last edited: Aug 24, 2011
  14. Aug 24, 2011
  15. plasticnote

    plasticnote Senior Member

    Occupation:
    trader
    Location:
    Australia
    GNUF is not the old GNUF, and support from palace group, feeling cold.
    I close my account at GNUF after the withdraw.

    Cheers
     

Share This Page