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What do you need casino credit for?

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It often happens that gamblers lose control over themselves and they have a great desire to enter the game, despite the fact that there is no money left in their pocket. They start looking for money and borrow it from friends, some even take online loans from microfinance organizations, which absolutely should not be done. At the same time, many people forget that there is an opportunity to take out loans in the casinos themselves. Of course, this is risky, but it is by no means always dangerous. And if you prefer big bets, it can even be a real advantage for you.

What is casino credit?

The most successful local gambling houses posted nearly $ 130 million in debt, according to published reports from the US State of Nevada’s Department of Gambling Control over the past year. True, the casinos themselves do not cover how much and what kind of loans are issued to visitors. And yet, in these reports, these amounts are marked as debt.

An interesting fact is that local casinos began to practice playing on credit for a long time. In other words, if a person has lost in the casino all the money that he took with him, but feels that luck is somewhere nearby and only a few hundred (thousand, etc.) dollars are missing in order not only to recoup but also to hit a good jackpot, then such a person does not need to go to the bank. Now the loan can be taken directly at the casino, which greatly facilitates the task of the gambler.

Sometimes players choose quality casino so as not to visit land-based casinos. This type of online casino always provides bonuses at registration, with which the player can win the jackpot even without leaving home. But the only disadvantage here will be the lack of credit. Accordingly, it is more appropriate to play here for those players who treat the game more responsibly.

Another advantage of casino credits is the safety of the game. Even if you are able to pay your large bets yourself, it may not be safe to carry large amounts of cash with you. The ability to play on credit solves this problem.

Many articles have been written on the topic of loans and debts – both about the mechanisms for obtaining casino credits and about the repayment of funds by debtors. You can always get detailed information in the event that debts in the casino suddenly become your problem.

How to borrow money from a casino?

In order to take out a casino credit and place bets on the borrowed money, in most casinos, it is enough to submit an application. Specific rules for filing are usually spelled out in the rules of the casino or published on the official website if the gambling establishment has one.

Also, information letters and invitations explaining the lending mechanism can be sent to the e-mail address. Therefore, the gambler should indicate to the casino administration the valid email address to which he has access. Perhaps the player will be asked to fill out a questionnaire, where it is necessary to indicate the minimum set of information, including the name of his age. Please note that access to gambling is only allowed to persons who have reached the age of majority. Otherwise, the casino lending money to use the slot machine will refuse the client a casino credit.

To obtain a loan, it is imperative to present an identity document.

After completing these formalities, you will be able to replenish your deposit and play for real money. In addition to your own funds, you will also receive bonus money, which can also be used to play in an online casino that lends money. If you are a fairly reliable client with a good history in this casino, an automatic line of credit will be installed for you, i.e. you will be able to borrow money for gambling as needed, without re-applying.

You can be more confident in the safety of cash if the casino operates legally and is licensed by the government.

Marker and its capabilities

In fact, the market is something like a bill of exchange, only it is issued not by the bank, but by the casino. The token is issued after you have applied for a loan at a gambling establishment and presented to the casino administration this or that document confirming that you are you.

With the help of the marker, you can exchange the credit issued to you by the gambling house for gambling chips. In the overwhelming majority of casinos, such loans are issued without interest, but the possibilities to use this money are limited. For example, you cannot use credit to pay for most casino services. Also, a number of gambling establishments prohibit betting borrowed funds in some gambling games – for example, poker.

It should also be remembered that the token is not a casino bonus. This is borrowed money that will need to be paid back no matter how successful your gambling is.

Is it difficult to get a marker?

Due to numerous legal restrictions, getting a token in a casino is somewhat more difficult nowadays than it used to be. However, this is still quite easy to do. The only problem is that the casino loan amount is limited. When submitting an application, you will be required to indicate information about yourself, on the basis of which the amount of the amount that you may be given is determined.

Central casino lending

When you apply for a loan from any bank, the administration can check your credit history in all financial institutions that you have applied to before. Exactly the same checks have been in effect in casinos lately. Therefore, if you are in debt in one gambling house, you will not be able to have an impeccable reputation in another.

Converting a marker to tokens

To convert the marker into chips, you can contact the dealer or the casino administration. Chips will be converted to you for the amount that you name. It is only important that it does not exceed the amount for which you took out a loan.

What if you are overdue on a loan?

As a rule, a gambling house requires that the debt be repaid within one month, regardless of how successful your gambling was. If you have not been able to do this, you are better off using the help of an experienced lawyer.

Almost every seasoned gamer has a trusted lawyer. Such connections are often useful if you want to borrow money. Even if such a lawyer cannot defend your interests in court, he will surely share the information you need to give you a chance to avoid bankruptcy.

The Nevada State Court has to deal with cases of loan repayment for a given casino quite often. So, on average, there are about a hundred such cases per week. In general, the gambling establishments of Nevada issued loans to those who lost their money in the casino but wished to recoup, in the amount of approximately 2.2 billion US dollars.

The process of collecting a loan in a casino

Usually, after the agreed payment period, the administration of the gambling house sends a certified letter to the debtor. If the gambler does not repay the debt ten days after that, the administration will file a lawsuit against him.

Conclusion

Those wishing to take out a loan from a casino should remember that this makes sense only in the case of large bets. Debt should be repaid in full immediately if you have the opportunity. If timely payment of the casino credit is not possible, enlist the support of professional lawyers.

 

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Playson adds award-winning portfolio to iGP’s content aggregation hub

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Playson adds award-winning portfolio to iGP’s content aggregation hub
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Supplier to provide creative line-up of slots to the world’s leading operators

Playson, the fast-growing digital entertainment supplier, has secured a content partnership with iGaming technology provider iGP to offer its games in multiple jurisdictions under a Malta Gaming Authority (MGA) licence.

The agreement will see many of the studio’s player-favourites, including 3 Pots Riches: Hold and Win, Power Crown: Hold and Win and Coin Strike: Hold and Win, made available to iGP’s customers via the platform provider’s new centralised aggregation hub, iGaming Deck.

Creator and provider of iGaming solutions iGP was founded in 2016 and currently hosts more than 100 game providers. Its iGaming Deck provides a catalogue of more than 5,000 titles and a single API integration.

This strategic deal bolsters Playson’s top-tier position in key markets worldwide and broadens the reach of its growing portfolio, as it continues to unveil a packed roadmap for the year ahead.

Blanka Homor, Sales Director at Playson, said: “We are delighted to join forces with iGP to supply our vibrant slots to operators through its iGaming Deck.

“This partnership will invite further recognition for our portfolio, which continues to grow at a faster pace than ever. Our 2024 roadmap is jam-packed with a variety of game types and themes, which will be highly beneficial to iGP’s operator network looking to broaden their casino offering.”

Inesa Glazaite, CCO at iGP, said: “It makes sense for iGP to partner with other fast-growing iGaming companies like Playson. Our stable platform and the carefully crafted tech stack behind iGaming Deck, our cloud-based games aggregator, is the perfect home for Playson’s legendary slot games. Together, we’re set to help operators around the world reach their iGaming potential and deliver experiences their players will love. I’m looking forward to working with the Playson team and seeing the next wave of innovative games they bring to the table.”

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GGPoker Launches Exclusive WSOP Circuit UK Satellites Press Release

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GGPoker, the World’s Biggest Poker Room, is proud to launch exclusive online satellite tournaments to the upcoming WSOP Circuit UK £1,100 Main Event, which will be hosted at Nottingham’s Dusk Till Dawn Poker Club from March 15 through March 24.

The winner of the WSOP Circuit UK Main Event, which boasts a £500,000 guarantee, will claim a prestigious WSOP-C Gold Ring and the lion’s share of the massive prize pool.

Phased WSOP-C UK satellite tournaments are currently running at GGPoker, with buy-in to Centroll satellite tournaments set at £0.01, Phase 1 at £1,10, Phase 2 at £11 and the Final Phase at £110. At least five WSOP-C UK £1,100 Main Event tickets will be won in each Final Phase satellite.

Players that win £1,100 Main Event tickets will be registered into the exclusive OnLive Day 1 hosted by GGPoker on March 19, with all Day 1 survivors making it through to the live Day 2 on March 24.

“We’re delighted to partner once more with World Series of Poker and Dusk Till Dawn, with UK and Irish players promised a super event in Nottingham next month,” said Angela Martin, UK & Ireland Head of Marketing at GGPoker. “Players can win their way to the WSOP-C £1,100 Main Event for just a single penny and take aim at a guaranteed £500,000 and WSOP Gold Ring!”

New GGPoker players can also claim the poker room’s Welcome Bonus, earn even more rewards with the Honeymoon for Newcomers promotion and automatically join GGPoker’s Fish Buffet loyalty program, with regular cash prizes on offer.

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PAGCOR SEEKS GCG APPROVAL TO IMPLEMENT SALARY STEP INCREMENT

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The Philippine Amusement and Gaming Corporation said it has asked the Governance Commission for GOCCs (GCG) for approval of salary step increments based on employees’ length of service to correct distortions caused by its new Compensation and Position Classification System (CPCS).

In a letter to GCG Chairperson Atty. Marius Corpus dated February 22, 2024, PAGCOR Chairman and CEO Alejandro H. Tengco said the PAGCOR Board of Directors has approved the implementation of step increments but it needs GCG approval.

“Parallel to the thrust of the PAGCOR Board of Directors to prioritize the welfare of the employees, the PAGCOR Board approved the Implementation of Step Increment based on Length of Service, subject to GCG’s review and approval,” he said in the letter.

The PAGCOR chief said the step increment is only the first of many appeals that the agency plans to lodge with the GCG so that PAGCOR employees may enjoy competitive salaries and benefits comparable to other revenue-generating GOCCs.

PAGCOR received its Authority to Implement the CPCS on January 31 this year. However, majority of the employees were dismayed to see that their take-home pay decreased when they received their salaries on the first payday under CPCS on February 15, 2024.

The CPCS also caused distortions in pay scale since all employees were reverted to Pay Step 1 regardless of their years of service. This means that a new employee in a certain position gets the same salary as someone who has been in the same position for 15 years or more.

Chairman Tengco said the Step Increment appeal is only the first of many which the agency plans to lodge with the GCG to remedy the overall decrease in employees’ take home pay, especially for those who occupy the lowest rungs in the organization.

“We hope that the GCG will positively respond to our appeal so that all tenured PAGCOR employees will not feel shortchanged, and instead receive the compensation that they deserve under the bounds of the law,” he added.

A provision under the CPCS implementing guidelines states that “one step increment shall be granted to qualified personnel for every three years of continuous satisfactory service in the present position.”

Records show that as of December 31, 2023, a total of 7,057 PAGCOR personnel or 72.60% of the agency’s workforce have been in service for more than three years in their respective positions.

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