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What happens to the progressive jackpot when a casino group closes it's doors?

Discussion in 'Online Casinos' started by binshakindown, Jul 23, 2011.

    Jul 23, 2011
  1. binshakindown

    binshakindown Time sure flys

    Occupation:
    Engineering consultant
    Location:
    CO
    I am just wondering, since the progressive jackpot is around $1.5 million at English Harbor Group. Given these tough times, could it be worth closing shop for $1.5 big ones, rebrand or rename, so when the time comes that foreign on-line casinos are allowed into the US market, they are good to go. Oh well...I am just wondering, not that it really even matters.
     
  2. Jul 23, 2011
  3. pinkfloyd

    pinkfloyd Experienced Member

    Occupation:
    fisherman
    Location:
    aus
    doesnt the main server/supplier run the jackpots ? ie they pay the casino if a jackpot is hit ? not sure tho , sorry for adding more confusion lol
     
  4. Jul 23, 2011
  5. binshakindown

    binshakindown Time sure flys

    Occupation:
    Engineering consultant
    Location:
    CO
    So, is (soon to be was) the English Harbor group the same as Vegas Tech? And if so, I thought the whole thingy was going down, meaning they were all calling it quits. Could be wrong though.
     
  6. Jul 24, 2011
  7. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    Good question.

    Maybe Bryan could ask their people?
     
  8. Jul 24, 2011
  9. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    They're going to send it to me! (I wish)

    Well that's a good question if all the casinos are going away. If there's even one casino remaining open then the progressive will still be active....if not....?
     
  10. Jul 24, 2011
  11. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    I got the impression that all Vtech casinos were closing...?
    But even if it's not, it would still be unfair for the progressive contributions from USA players at the English Harbour Group Casinos to be given out to players at other casinos, when those American players who have contributed would have ZERO chance to win the progressives.

    It's a complicated issue, and a VERY good question! :thumbsup:

    KK
     
  12. Jul 24, 2011
  13. P.V.

    P.V. Senior Member webmeister

    Occupation:
    Make money!
    Location:
    Turn around...
    It's my understanding that software operators pay progressive jackpots at land based casino's and I've read where the same happens online.

    This shouldn't be a problem. :cool:
     
  14. Jul 24, 2011
  15. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    ....except that it isnt their money for the most part. It has been created by player contributions, hence the concern that someone just gets to keep it.
     
    4 people like this.
  16. Jul 24, 2011
  17. P.V.

    P.V. Senior Member webmeister

    Occupation:
    Make money!
    Location:
    Turn around...
    I agree Nifty, it's not their money and therefore the player should receive the progressive regardless of any one particular site closing. :thumbsup:
     
  18. Jul 24, 2011
  19. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    This is a good question, and as KK points out, even if the EH operation in the UK is still operating, and the progressive jackpot was transferred to it, this would still prejudice US players.

    I still cannot believe that this company has not issued a clarifying statement advising the industry and the public at large on its intentions, and the future of Vegas Tech, which is widely believed to be part of the EH interests.
     
    2 people like this.
  20. Jul 24, 2011
  21. DiamondGeezer

    DiamondGeezer Dormant account PABnononaccred2 PABnoaccred PABaccred

    Occupation:
    Antiques Dealer
    Location:
    NOT Pennsylvania!!!
    A Progressive on Wagerworks got discontinued and the jackpot got raffled off among the members. IIRC it was Virgin and it may have been a JP specific to them as opposed to a network wide JP. But the principle is the same.

    In principle the fairest way is a lottery style raffle aomng the members. Or at least it's pretty fair and extremely practical.
     
  22. Jul 24, 2011
  23. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Occupation:
    Trans. Tech
    Location:
    New York
    Whatever it is they decide to do with it, regardless if you agree or don't, what difference does it make?

    Online casinos have proved in the past that they'll do whatever it is they damn well please with it.

    Who's going to stop them?
     
  24. Jul 25, 2011
  25. Seventh777

    Seventh777 RIP Roy

    Occupation:
    Builder, mainly renovations.
    Location:
    Planet Tharg, dark side, where nothing grows.
    Another aspect here regarding PJP`s is, atm MGS PJP`s total just over 4.6 million You must register/login in order to see the link. does the interest generated by these get added to the amounts?, if not why not?, after all it is completely generated by the players, for the players.
     
  26. Jul 25, 2011
  27. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Occupation:
    Trans. Tech
    Location:
    New York
    Below is an article from the June issue of Casino Player magazine that covers some of the different and new rules regarding the different types of progressive slot machines in New Jersey.

    Since these rules are approved and enforced by the gaming regulators, anyone who wishes can read about them and learn the rules the casinos must abide by. If you don't like the rules after reading them, at least you get to make an educated decision if you want to play the game or not.

    Unfortunately, the online casino's rules at least up to the present time, are whatever they want them to be.




    [​IMG]
     
    6 people like this.
  28. Jul 25, 2011
  29. taysh075

    taysh075 Non-Gambler

    Occupation:
    Work in mental health
    Location:
    New Zealand
    Thanks for the article 4 of Kind. That's very interesting.
     
    Last edited: Jul 25, 2011
  30. Jul 25, 2011
  31. felicie

    felicie Ueber Meister PABnononaccred

    Occupation:
    self employed
    Location:
    somewhere else
    I'd sure not play them (pjp) anymore if the casino could shut it down whenever they wanted and keep the money. Poohy on that. lol
     
  32. Jul 25, 2011
  33. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    It would be interesting to see a screenshot of the backend to see if there's a way to make it go off manually or something like that....as a last reward for loyal players.
     
  34. Jul 25, 2011
  35. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Occupation:
    Trans. Tech
    Location:
    New York


    You don’t seem to understand the difference between regulated land based casinos when compared to non regulated online casinos.

    Players have no idea what rules online casinos must abide by since no one could read about them. Since we have to count on sites like CM to police and list the crooks which by the way still remain up and running, it should be obvious to most that even if their were regulations; there certainly is no one enforcing them. Like I said before, we know who the crooks are because their listed in the rogue pit. How come online regulators don’t know the same and take action against them?

    What would be the need of a screenshot of any land based casino backend showing how they could program a loyal player or an insider getting the last jackpot before they close it down? There’re telling you up front the casino is going to keep all the moneys that were accumulated with player’s moneys towards the jackpots if and whenever they decide to shut them down. If you think that rule is unfair then don’t play that type of machine.

    It’s obvious your reference to backend screenshots was another backdoor comment directed towards me and the backend screenshots I obtained from an online casino owner. Maybe someday I’ll reveal that whole story of how in fact those screenshots were achieved during my quest to prove that online casino RTP’s are set much lower then we’re being led to believe only by alleged insider information.

    Land based casinos are authorized to lower their RTP’s to 84%. Maybe they wouldn’t set them that low, but should economic times dictate that they have no choice in order to survive, you could bet your bottom dollar, and if you’re an experienced slot player be able to recognize when they certainly aren’t at 97%.

    There are no land based forums like CM where you could go and read about all the different cries and stories of how players were blatantly ripped off or mislead by land based regulated casinos.

    With all the online forums directly related to online casinos and the proven crooks stealing one way or another from players for over a decade and still operating, they lose the benefit of the doubt that especially with proven no regulation enforcement why wouldn’t players suspect they cheat and or behave greedy.

    Yes, playing online is fun and easy to obtain, but the player really has no idea what they are up against and or if their even getting a fair game. It's bad enough trying to overcome legal settings; imagine trying to overcome greedy settings just because they can and no one is going to stop them.
     
  36. Jul 29, 2011
  37. 4 of a kind

    4 of a kind Repeated violations of forum rule 1.16 - troll

    Occupation:
    Trans. Tech
    Location:
    New York
    Niffty,

    Was somewhat disappointed you didn't respond and debate my last post in this thread.

    My only conclusion is that you probably agree with my post , and understand some of the differences I pointed out a little more clearer.

    I also found interesting in that article I posted above they mention at the end how the players are already suspicious of casinos lowering payback percentages. Guess this same complaint is not just going on with online casinos during the present economic conditions.

    In addition I'd like to add in reference to your constant references about the screen shots you constantly bring up from time to time since I was awarded a tin hat for those efforts; that in fact those efforts trying to find proof about actual regulated online settings, and in addition all the efforts I made only to hit dead ends trying to obtain online gaming regulations, were triggered by my personal experiences from playing online compulsively for over a decade. I didn't start to get concerned till a couple of years of endless bad sessions online. That's years not a couple of sessions, which should give you an idea of how much I enjoyed playing online, and how long I was willing to give them the benefit of the doubt. I didn't just come here and share my personal experiences, (or in your words complain) I actually tried to crack open Pandora's secret online casino box and did all the foot work. I couldn't get one single response from all the different alleged active (during that time) online gaming regulating bodies about regulations and enforcement.

    Then all of a sudden an actual bitter RTG casino owners door opened from Antigua, (not without a cost) and everyone here saw only one of the fourteen screen shots he shared with us. Were we duped? Maybe or maybe not. As we all know after I decided to share one of the shots here, which I thought was more important then RTP settings, I was privileged with the Tin Hat.

    If I could give any advice after my experiences trying to find out what actually is going on with online casinos, it would be not to waste your time or money. If you really want to know what rules are required to abide by someone that want's to offer you a game of chance before you risk your money, you better stick to land based casinos.

    Anyhow, once I was convinced that things were changing online and I was unable to confirm my personal beliefs without a shadow of doubt instead earning me the tin hat award here, (xxx hole award) my personal experiences were enough to convince me to quit playing online over a year ago.

    Please don't bring up the money or how much was lost, or how I can't cash out when I'm up, along with all the other possible gambling problems. I consider myself one of the elite online video poker players that are out there, and loved playing it. Like Buddy Hackert told his wife in an elevator while having an argument when she compared that she only lost 300.00 dollars and he lost over a thousand. He said "yea, that's true, but I'm a professional gambler and know what I'm doing".

    The fact of the matter is my present gambling at land based casinos and the budget I'm prepared to lose has not slowed down at all since quitting online. I just have to travel more often now.
     
    Last edited: Jul 29, 2011
  38. Jul 29, 2011
  39. Nifty29

    Nifty29 Dormant account

    Occupation:
    PAID CASINO SHILL
    Location:
    Turn right, then right. then right again
    Actually I missed this reply.

    You're right. I don't know the first thing about the differences between land based and online operations. I guess I'm just lucky to have you around to set me straight :thumbsup:

    As for the screenshots, if the one you posted is the best you have, then I hope you aren't staking your reputation on them. Why not post the other 13 or make them available somewhere? I believe the phrase is "put up or.....well don't"

    I might post further later as I'm in a rush, but what is an "elite" VP player? You either know how to play or you don't. If you just spent a lot, you might be a high roller but I don't see how you or anyone else could be an "elite".
     

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