May 19, 2013 at 8:57 am
#833137
Member
I should have added this to the 1’st post but this is probably easier to follow here.
For argument sake lets say a player receives a $100 bonus:
Player Bonus Scenarios
- Example A – $100 bonus, meets wagering requirements and withdrawals $100 or more, cash paid to web wallet etc etc by casino.
- Example B – $100 in bonus, meets wagering requirements but does not withdraw $100, instead it’s lost back to the casino.
- Example C – $100 in bonus, doesn’t fulfill wagering requirements, can not withdraw,$100 lost back to the casino.
- Example D – $100 in bonus, wins ex amount but has not met wagering requirement, (these casinos allow the player to withdrawal cash at the sake of the bonus being deducted before payment).
Example A is the only scenario were the casino loses the bonus. In this case and this case only the casino can rightfully deduct the bonus as a loss from Gross Gaming.
All other scenarios, the casino receives their bonus back. However, the casinos are deducting the bonus for ALL scenarios. Hence for Examples B, C and D, they are claiming the bonuses as a loss (which it is not) and should not be deducted from Gross Gaming as a loss.
In all other scenarios the casino is neither ahead $100 or down $100. No loss has been incurd!