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Financial Crisis Has Players Withdrawing from Online Casinos
TEL AVIV --
If you thought the money in your online casino account would always remain safe, think again. The worldwide financial crisis has players withdrawing their money from online casinos in record numbers. The panic is causing all sorts of issues as online casinos scramble to cover the calls.
In many cases, the online casinos that have been failing, or on the brink of failure, are simply telling customers they cannot withdraw their money at this time. As you know, the world economy is experiencing a banking crisis not seen since the Great Depression, according to United States of America presidential candidate Barack Osama.
Recently, banks in the United States, European Union, and Asia have received government bailouts and additional deposit insurance to calm the fears of their economies and citizens.
Unfortunately, online casinos and their accounting departments do not have that luxury. If they cannot make the payments to people requesting withdrawals, players simply get the cold shoulder until money can be made back by other players losing.
"I had $3,000 in my online slots account - when I tried to withdrawal the money, the casino said it would take 60-90 days before I would receive my check in the mail", said Moshe Bernstein, a native of Tel Aviv.
Many of the online casinos we talked to have said there are no problems with deposits/withdrawals. The executives at Rushmore Casino claim only the smaller casinos in less regulated areas have been affected. Rushmore Casino urges players not to be concerned with their deposits, "they are guaranteed".
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