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MGS leaves US market?

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Viewing 15 posts - 16 through 30 (of 65 total)
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  • #785588
    Lucretia
    Member

    wrong post about Starparter (only some additional states are blocked, no intention of leaving the us market)

    in order to ensure that we don’t run into anymore problems and due to Microgaming constraints we will be blocking all players from the surrounding states of Ohio, Virginia, West Virginia, Tennessee and Missouri until we are supplied with a proof of identification in the form of a Utility Bill and an Identification Document. The respective players will then be able to continue gaming with us as usual. We understand that this may be incredibly inconvenient for the players in these selected states but unfortunately our hands our tied. This precautionary measure has been put in place to ensure that no player should have to go without Vegas Partner Lounge’s amazing gaming experience ever again. All existing players will be contacted and notified and we sincerely hope that they continue to game with us.

    R.

    #785589
    Anonymous
    Inactive

    Omg..i feel like i am in the middle of a badly timed joke!

    wake up this morning, feeling happy and looking forward to a more prosperous future with our new president, … . to this??

    wtf!

    i give UP!!!!!

    #785590
    Anonymous
    Inactive

    This is a different issue, they are not leaving the states. At this time that group is NOT leaving the US market.

    #785594
    Anonymous
    Inactive

    n order to ensure that we don’t run into anymore problems and due to Microgaming constraints we will be blocking all players from the surrounding states of Ohio, Virginia, West Virginia, Tennessee and Missouri until we are supplied with a proof of identification in the form of a Utility Bill and an Identification Document. The respective players will then be able to continue gaming with us as usual. We understand that this may be incredibly inconvenient for the players in these selected states but unfortunately our hands our tied. This precautionary measure has been put in place to ensure that no player should have to go without Vegas Partner Lounge’s amazing gaming experience ever again. All existing players will be contacted and notified and we sincerely hope that they continue to game with us.

    They are not leaving the market

    #785595
    Anonymous
    Inactive

    Maybe they are leaving because of the CAP audits. Things have not been profitable and now they must leave the market so as to not get caught by the new auditing system. lol. just kidding, sort of.

    #785606

    Dear Affiliates,

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    #785611
    ClubCont
    Member

    you spelled interest wrong

    #785612
    thisisvegas;184809 wrote:
    you spelled interest wrong

    :roflmao: Hehehe.

    #785613

    You got me on that, but send me your American traffic and i promise to show you the financial meaning of that word.

    #785628
    Anonymous
    Inactive

    So its been confirmed here that vegas affiliates is leaving the market, can someone confirm that fortune affiliates is also leaving, I have seen no official notice of this anywhere.

    #785634
    Anonymous
    Inactive

    This is devastating news for me because VA and FA are by far my best performing MG casinos and a couple of my best overall. I guess Kentucky is doing exactly what they set out to do but instead of stopping players in KY, they are stopping the players from the whole US. I really hope they reconsider this ban because once a program does this and decides to come back, I don’t bother putting them back up.

    #785640
    Anonymous
    Inactive

    @Gil 184813 wrote:

    You got me on that, but send me your American traffic and i promise to show you the financial meaning of that word.

    Gil–I applaud your enthusiasm to promote your brand, however, it does feel a bit like ambulance chasing to step on this thread, as you have.

    As to the substance of this thread, I believe processing nightmares (with HUGE financial losses), coupled with the legal headaches in the US, has driven these decisions.

    It is not that processing fees are higher (although they are, and substantially)–it is actual LOSSES with processing. What is happening is that a casino will send a chunk of money to a processor–we’ll say $250,000 to pay players. The processor receives the funds and before they are able to process payments, the banks shut them down and the money is no longer. The casino then has to source out another processor, only to have to pay another $250,000 to get the payments out. The casino will use the new processor until it gets shut down–this can be a matter of weeks or in some cases only days. Add to this that there are rogue ‘processors’ out there that have no intention of processing payments–they simply take the casino’s cash and are never to be heard from again. While all this continues, players are frustrated…the casinos do their best to assure the players that they will receive their winnings, issuing comps in the hopes of calming the player. These comps add up and become a drain on royalty payments, not to mention the potential for additional player wins. I’m not even including into this the added costs of having to re-issue cheques, paying bad cheque fees (when a processor is shut down) to the players, wire fees (for those players waiting months to receive payments). At the end of the day, the original $250,000 in payments can cost a casino well over a half million. Simple math tells you that is not sustainable for any great length of time.

    And if that isn’t enough, imagine the cost of constant legal counselling due to the unending US attacks on online gaming. It’s a huge drain on any casino operator.

    If you can understand all that is behind this, I believe you’ll find that it’s not so surprising that these groups are bowing out. I believe it is more surprising that they’ve hung in as long as they have.

    This is an incredibly frustrating and sad situation for everyone–the casinos, affiliates and players. Hopefully in the months to come, the US will realign priorities and we can get back to business as usual.

    #785642
    Anonymous
    Inactive

    sometimes things become more hassle than they’re worth.

    #785643
    ClubCont
    Member

    I don’t know if it’s the payment processing as the real. If it was then everyone would chime out now or have done it before, certainly not with Microgaming or a giant like FL. I really can’t think of any other reason unless Microgaming is going to be a publicly traded company just like party, 888, playtech who did pull out of the US. We’ll see what the answers are soon.

    #785645
    Anonymous
    Guest

    thanks for the enlightenment.

    But I think the question still remains that if one group can find it plausible to do business with US residents then surely the next can … just a matter of how bad you want it.

    What’s to keep a casino / entity like neteller from issuing a card which can be used to buy services / goods on the net and therefore not have to go through the USA processors.

    I realize it perhaps wouldn’t be the ultimate answer for some but for others who buy things on the net anyway and in our cases (and many others) have businesses so stuff could be paid for with these cards and basically never cross into the USA territory. Once you get the money “out there” … you keep it out there … it either comes back as goods or services or is used at a later date to gamble.

    isn’t that possible?

    Or do you think that people in the states just wouldn’t be interested in something like that.

    I’m proably very naive as to how banking works so maybe what I said is totally off base. I apologize if that is the case.

Viewing 15 posts - 16 through 30 (of 65 total)