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[TheSchwad WANTED $20 Outlaw]

eejit101 wrote:

GameRoom wrote:

eejit101 wrote:

If they ask everyone before they pay they are asking for over 200,000 people to email in. You wanna read through that? No, you wait till its needed. If you dont win you dont show up on their cashouts they send to the regulator. Saves time

are u serious or joking? for sure they make millions, most of casino now are same owners with the same license they just keep open new casino under the same license

I am serious.

Stats from one of ours this month.

Deposits 650k. Withdrawals 350k. Net profit 300k. Game providers 40k. Payment fees 25k. Affiliate fees 105k.

New net profit 130k. Platform fees/hosting etc 30k.

Remove fees, overheads, risk, banking, UBO, licence = its a lot lot less than you think my man.

 

Also ladbrokes coral owns EVERYONE eightblack. They arent even same league. They and Paddy/betfair cant be counted in this. Im talking your standard casino operation. Pick any of the non-top 5 casinos who arent owned by a huge group and its not insane money.

 

People lose 100$ and think the casino made 100$. They didnt, they made like 9$.

Eejit, can you explain where people stand when the casino tries to withhold big withdrawal if not happy with Source of Wealth. I know casinos don’t want big fines, however it does seem like really bad (or perfect timing on casinos part) when they ask for SoW after a large win.

Thankfully I’ve never had it happen but sure it will eventually, just want to know where I stand if they decided I cannot afford to gamble and close my account, would I (should I) still get the withdrawal.

[Anonymous WANTED $110 Inactive]

eejit101 wrote:

GameRoom wrote:

eejit101 wrote:

If they ask everyone before they pay they are asking for over 200,000 people to email in. You wanna read through that? No, you wait till its needed. If you dont win you dont show up on their cashouts they send to the regulator. Saves time

are u serious or joking? for sure they make millions, most of casino now are same owners with the same license they just keep open new casino under the same license

I am serious.

Stats from one of ours this month.

Deposits 650k. Withdrawals 350k. Net profit 300k. Game providers 40k. Payment fees 25k. Affiliate fees 105k.

New net profit 130k. Platform fees/hosting etc 30k.

Remove fees, overheads, risk, banking, UBO, licence = its a lot lot less than you think my man.

 

Also ladbrokes coral owns EVERYONE eightblack. They arent even same league. They and Paddy/betfair cant be counted in this. Im talking your standard casino operation. Pick any of the non-top 5 casinos who arent owned by a huge group and its not insane money.

 

People lose 100$ and think the casino made 100$. They didnt, they made like 9$.

yes got pay 3 times 2500 and 1 time 2397, what I did since they ask proof of income I call the bank to ask for a print out only me income paying they told me who to do it online banking, so I just got only print out from income pay in last 2 years payslips I just went on google got some demo printout payslips same amount as my income and send all together they accept it got withdraw approved next day got the money bank,if u bet hight just open 4-5 account on different casino and deposit 5 x 200 better then deposit 1k in one casino

[Anonymous WANTED $110 Inactive]

it could happen to anyone of as my self I see casinos as a scam they let u play when coming to payout they try to stop payment, I was abet luck coz I spoke the same language as an operator in Malta and she helps by replaying back fast and I got all fix it the same day, but casinos do lot of things we don’t know like watching are bank statement where we spend money and sale it to advertisement companies

[Anonymous WANTED $110 Inactive]

TheSchwad wrote:

eejit101 wrote:

GameRoom wrote:

eejit101 wrote:

If they ask everyone before they pay they are asking for over 200,000 people to email in. You wanna read through that? No, you wait till its needed. If you dont win you dont show up on their cashouts they send to the regulator. Saves time

are u serious or joking? for sure they make millions, most of casino now are same owners with the same license they just keep open new casino under the same license

I am serious.

Stats from one of ours this month.

Deposits 650k. Withdrawals 350k. Net profit 300k. Game providers 40k. Payment fees 25k. Affiliate fees 105k.

New net profit 130k. Platform fees/hosting etc 30k.

Remove fees, overheads, risk, banking, UBO, licence = its a lot lot less than you think my man.

 

Also ladbrokes coral owns EVERYONE eightblack. They arent even same league. They and Paddy/betfair cant be counted in this. Im talking your standard casino operation. Pick any of the non-top 5 casinos who arent owned by a huge group and its not insane money.

 

People lose 100$ and think the casino made 100$. They didnt, they made like 9$.

Eejit, can you explain where people stand when the casino tries to withhold big withdrawal if not happy with Source of Wealth. I know casinos don’t want big fines, however it does seem like really bad (or perfect timing on casinos part) when they ask for SoW after a large win.

Thankfully I’ve never had it happen but sure it will eventually, just want to know where I stand if they decided I cannot afford to gamble and close my account, would I (should I) still get the withdrawal.

they do make millions and many owners do money laundering theme selfs  so if the owners are criminals u think they care for stoping are winning lol, and I am sure if casino owner stop are winnings gaming provider still pay casino they just keep it to them selfs

[eejit101 WANTED $312 Outlaw]

TheSchwad wrote:

eejit101 wrote:

GameRoom wrote:

eejit101 wrote:

If they ask everyone before they pay they are asking for over 200,000 people to email in. You wanna read through that? No, you wait till its needed. If you dont win you dont show up on their cashouts they send to the regulator. Saves time

are u serious or joking? for sure they make millions, most of casino now are same owners with the same license they just keep open new casino under the same license

I am serious.

Stats from one of ours this month.

Deposits 650k. Withdrawals 350k. Net profit 300k. Game providers 40k. Payment fees 25k. Affiliate fees 105k.

New net profit 130k. Platform fees/hosting etc 30k.

Remove fees, overheads, risk, banking, UBO, licence = its a lot lot less than you think my man.

 

Also ladbrokes coral owns EVERYONE eightblack. They arent even same league. They and Paddy/betfair cant be counted in this. Im talking your standard casino operation. Pick any of the non-top 5 casinos who arent owned by a huge group and its not insane money.

 

People lose 100$ and think the casino made 100$. They didnt, they made like 9$.

Eejit, can you explain where people stand when the casino tries to withhold big withdrawal if not happy with Source of Wealth. I know casinos don’t want big fines, however it does seem like really bad (or perfect timing on casinos part) when they ask for SoW after a large win.

Thankfully I’ve never had it happen but sure it will eventually, just want to know where I stand if they decided I cannot afford to gamble and close my account, would I (should I) still get the withdrawal.

I can.

Simple version, ignore everything you read from people on forums who have no idea how a casino operates and works.

Casinos ask for SOW as its mandated by law. The amount of SoW is dependant by the casino this is true. However they operate on guidelines set by the UKGC or MGA or whoever. So they need to prove a few factors, responsible gambling, playing within means, income, outgoings or child care stuff i believe is also there, and the obvious income/home/living amount of money leftover from wages-gambling.

They wont close your account if you cannot afford to gamble as much as you are, they will impose limits on your play, and offer responsible gambling help. They will only close accounts if you show traits of irresponsible behaviour, money laundering, fraud, or such things.

Most casinos treat SOW very well and very secure. The link above is not from the UKGC site, its from a random website which is not the regulator. Casinos requesting SOW who are licenced in the UK or MGA or other reputable location will ask for what they deem is necessary to prove you are who you are and can gamble what you do. Thats it. This is then approved internally by the regulated person or people, and you are verified. If the regulation people perform an audit or ask questions, they have the proof they did what they did.

In an easier world we would all take deposits and pay out anyone. Your making 15% on average of every deposit as profit this way. With regulations its down to 8% as of all the extra stuff

[bi bivernash WANTED $1 Outlaw]

I’ve been spending a lot of time in online poker games lately. I’m not always lucky, but I believe that someday I can break the bank. About a month ago I was able to win about £ 10,000 in one evening, which is pretty good. I cashed out most of the money and left £ 1000 for the gambling games. The next day I got lucky again and won another £ 5000.

[Anonymous WANTED $0 Inactive]

This reply has been reported for inappropriate content.

Are you serious? £ 15000 in some days? Honestly, I don’t believe that it is possible

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