Topic: Can Casinos Go Bankrupt Because of Player Wins? - page 12. (Read 1639 times)
Some incidents have taken place, but it is quite rare to find a casino go bankrupt. In recent days one such incident happened with a casino that even had its signature campaign running on our forum. Within a month's time the casino notified about the closing of the platform, but no proper information have been shared. Based on my understanding it was some mismanagement of funds that caused the closure of the platform. These days the terms were very clear on the settlement of bets.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
You see that registration button, many players ever take time to go through it but it's very important because everything and how players used the betting platform in future depends on those writing, they even get updated when they see some slight changes to favor their betting platforms. Maybe while in the past it might have occur but I doubt if there is any casino platforms that will go down because players won a big game, you should always always remember that the house always wins, before such amount will make them bleed, they will by that have made 5x from players, betting platforms have money to pay their players, they can only delay withdrawals but once you are clean, you will get paid.
I think there is a very good chance of a fairly new casino going bankrupt because of paying out winnings by players. A fairly new casino would most likely have limited funds and if a scenario whereby a lot of players play big and win even bigger, then I bet the casino would have such funds to pay and still comfortably remain in business a lot of players that played and won on their platform.
I think this is very possible with newly established casinos as old and already established casinos would have money in their reserves to pay out big winnings and still remain strong.
If a business going on strong and profitable for years could go bankrupt, then a casino could very well go bankrupt as well.
I think this is very possible with newly established casinos as old and already established casinos would have money in their reserves to pay out big winnings and still remain strong.
If a business going on strong and profitable for years could go bankrupt, then a casino could very well go bankrupt as well.
Even a huge business can go bankrupt and this can happen if the management didn’t have a good system and didn’t handle it well. Winning the jackpot by many gamblers might be a big challenge for the casinos but I doubt that their system will allow multiple jackpot winners on every games, I’m sure it is being monitored closely. Small casinos are more prone to this, so choose the best site before you gamble and have a stress free playing time.
When building up a business something like this then it should really be well planned and being that systematic because once you do mess up then it would really be giving a huge toll into your business which is something that we dont really like to happen.One false move or bad management would really be ending up on a disaster into business. Just like on what others been saying above that there's should really be a max bet and making the casino not to be fair to take up some advantage is never been that ethical. Yes, house do always win in the end but it should not really be altering out if we do speak about the odds.
There are really just that people who are really that extremely lucky when it comes to gambling or on the time that they had play out.
If a Casino doesnt have that sufficient funds then they would fail up on paying up a certain winner and this is where shady casinos would be throwing out some issues and other struggles
because they arent tending to pay a certain gambler since from the start which is really that very sad.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
this reminds me of The Thunderbird casino but I am not sure if this story would be considered as "bankrupt because of player's wins", I stumbled on their story a while back and from what I remember, on the opening night of their casino, there were gamblers who kept winning to the point that the owners couldn't pay the gamblers because they didn't have enough cash to pay the gamblers. eventually, they were able to pay the gamblers by borrowing money from a loan shark with a ridiculous interest. I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
edit: if you are curious, you can search "thunderbird casino las vegas". you'll probably find an article talking about their history.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
Poor risk management and also not having good liquidity has the potential to bankrupt gambling sites when there are players who win big and consistently. in my area there are several offline casinos that have gone bankrupt because they have bad management, even to the point of owing large amounts of money to the bank (not only in the gambling business, in other businesses too, bad management will only make the business limp and will definitely go bankrupt), that's different from casinos that have good management, they are able to survive and even expand their business to several branches. I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
Even a huge business can go bankrupt and this can happen if the management didn’t have a good system and didn’t handle it well. Winning the jackpot by many gamblers might be a big challenge for the casinos but I doubt that their system will allow multiple jackpot winners on every games, I’m sure it is being monitored closely. Small casinos are more prone to this, so choose the best site before you gamble and have a stress free playing time.
The answer to this question is obviously a yes because running a casino is same thing as usuals as a running a business firm and everyone knows that every business can hit a downside and eventually crash if proper management isn't been done on the site. So even if the casino is an old and reputable casino they are still various way in which the casino can fold up and end up bankrupt if the management is very poor.
but i believe, the probability of bankruptcy is higher in newer casinos with low bankroll. because few big wins, and their vault may be empty. but for big casinos, they can stretch the lifespan of their bankroll.
and it is true, management is also one factor when it comes to bankruptcy. this is why people who are going into this business know what they are doing.
for small casinos, one thing they do for big wins is they will make an agreement to the player about installment basis. paying their wins on staggered basis. but for some who really can't afford and not playing fair, they disappear without saying anything.
The answer to this question is obviously a yes because running a casino is same thing as usuals as a running a business firm and everyone knows that every business can hit a downside and eventually crash if proper management isn't been done on the site. So even if the casino is an old and reputable casino they are still various way in which the casino can fold up and end up bankrupt if the management is very poor.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
Yes, its possible and if the Casinos keeps on losing to their players but I’m sure they will do necessary action to avoid this because they are in the business and they cannot afford to let ever gamblers wins on their platform that easily. If many gamblers continues to win, something is wrong with their system for sure and they have to address it immediately, too bad if the site can’t pay your winnings after hitting the jackpot and yes there’s already a scenario like this before. I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
That algorithm is always there, they can't let the players keep winning. I believe it's always there. I don't believe that a casino can go bankrupt just because a player got a big win. We have what we called the house edge, this will allow the casino to garner more profit outside of the one they have earned from the losing bets. So, even if there are a handful of players who wins big today and tomorrow, there are still more than enough to cover their winning amount from those gamblers who have lost today. Casinos are just basically paying winners using the money from the losers and the casinos are profiting primarily with the house edge.
So therefore, no it's most likely not possible for a casino to go bankrupt for the reason that someone has made a huge winning.
Casinos already know how to keep their business running and winning gamblers will not make them have huge losses. They know how to make things work and as a powerhouse, they will always have an edge. A player can't keep winning and once they notice it, they will surely put limitations. Each casino has their own strategy.
However, it could happen to some small time and casinos that are beginning especially those who can't handle and manage the business wisely. But this rarely happens because most casinos are protecting their names and reputation. That's the reason why those who are putting up a casino make sure that they know how to deal with the possibilities. Their goal is to keep their business running and to generate profit from it so they won't let winning players to be the reason for their bankruptcy.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
It is definitely possible for casinos to go bankrupt in certain scenarios, but they are often backed up by seriously rich owners who have a lot more winning days than they have losing days. Sometimes there will be bets that they heavily misjudged and did not try to balance on their books, other times it might be one or two big players take huge wins on a particular day which can knock back profits for a while. However casinos should have the funds to weather these events and will often closely manage their risk ratios, not allowing players to place strange bets (which might be a sign that there is some backroom rigged deal taking place in a sport) and even pursue people who might be abusing certain bets against them.
Uhhhh, I'll say it's possible for a NEW casino of go bankrupt just for a loosing too much to two or more people.
In other words, casinos that have made a long standing name have also made ways to be able to avoid getting into such dilemmas... I'm aware of the options, T/C's of most casinos - which involves disallowing games that are wagered above the cash out limit. They could actually keep a cashout limit at 50 million dolls or so - whatever goes above that limit is either made invalid or not accepted at all. I'll say if any one of those casinos are ignorant about that particular happenings, then they'll have to pay in bits till it's gradually completed.
Sandra 🧑🦰
In other words, casinos that have made a long standing name have also made ways to be able to avoid getting into such dilemmas... I'm aware of the options, T/C's of most casinos - which involves disallowing games that are wagered above the cash out limit. They could actually keep a cashout limit at 50 million dolls or so - whatever goes above that limit is either made invalid or not accepted at all. I'll say if any one of those casinos are ignorant about that particular happenings, then they'll have to pay in bits till it's gradually completed.
Sandra 🧑🦰
Is it possible for a casino to go bankrupt because a player gets a very big win?
It is possible for a new brand casino with a small capital to encounter situations where a lucky gambler or a few of lucky ones make a huge profits that the casino may struggle to afford at times. When this happens and you are trying to request a withdrawal, it may be pending for several days and this might raise concerns about potential scams, it could also indicate that the casino is waiting for more revenue from other gamblers to cover the huge winnings imo.I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
It's clear that you have part of the answer here. There is a possibility that a casino could go bankrupt or end up scamming its customers although this rarely happens. Casinos are designed with algorithms that ensure they make a profit. however, there is still a chance that a lucky and intelligent gambler could earn a lot of money and cause a brand new casino to close down and engage in fraudulent activities. Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
That algorithm is always there, they can't let the players keep winning. I believe it's always there. I don't believe that a casino can go bankrupt just because a player got a big win. We have what we called the house edge, this will allow the casino to garner more profit outside of the one they have earned from the losing bets. So, even if there are a handful of players who wins big today and tomorrow, there are still more than enough to cover their winning amount from those gamblers who have lost today. Casinos are just basically paying winners using the money from the losers and the casinos are profiting primarily with the house edge.
So therefore, no it's most likely not possible for a casino to go bankrupt for the reason that someone has made a huge winning.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
This is where we do have those max bets or simply having the limitation. If you are a new gambling site with having that specific bankroll then it would really be just that common sense that you would really be setting out those limits or numbers because on the time that a certain player would be making a huge hit then for sure you would really be ending up on getting bankrupt. This is why casinos would be having those limit numbersI think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
when it comes to max bet or amount that they could be able to put in because they could really afford on giving those winnings if they had already allocated into it or basing up on their entire capital.
They cant really be just too careless about it because one huge win then they would really be closing down their doors immediately and this is something that we dont really like to happen in our business.
This is why main priority is to set out those max bet limits so that you wouldnt really be ending up on this kind of disaster.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
To be honest, I don't have a definite answer. because, we are not involved as part of casino management. even if, that the casino is new at least they already have a way to deal with it with the mechanism they have designed before. for example, they will limit each bet. or, they have the maximum amount at stake. but usually, even if the casino is new. Very well built and designed casinos, especially licensed ones. will always, have logistical funds for operational costs both for gamblers' wins or other operational costs. and gradually, they will have a lot of users that generate huge coffers of profit for them.
But if the casino is illegal, maybe the gambler's victory will not be granted. or for example given, maybe they will go bankrupt. for sure, we can only assume or only guess. maybe another option, it could be that the casino goes bankrupt because they don't have regular customers which in the end they don't have the income to maintain the casino. So far, I personally haven't heard much information about casinos going bankrupt, except for casinos that have problems with their users.
There can be times like that, especially when a high-roller managed to win consecutive times. Though only the hot wallet is sometimes drained by these high rollers so it's not really an issue. Besides, their tactic is to delay the winning of the high-roller as much as possible in order to collect more profits from other bettors for them to get the funds needed. That is why casinos will never go bankrupt - they will always have a source of income from their patrons and players.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
The only scenerio I can possibly think of right now is for new casinos, cause it will be extremely difficult for a player to win a bet that's more than more than the total reserve of the casino, I haven't seen it happen to any reputable casino before.
And I peradventure it did happen that a bettor won a bet and the amount is more than what the casino can afford to pay, the only thing the casino will do is to try to bring up some clumsy excuse or accusation against the winner and deny them access to withdrawal; we have seen users create scam accusation thread here about some casinos that refused to pay them after they won some huge amount, I'm sure that's what will happen instead of the casino to empty their whole bankroll just to settle a single player and go bankrupt.
Is it possible for a casino to go bankrupt because a player gets a very big win?
I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
To those casinos that are new, it's likely that they can bankrupt because they've got no profit yet and if they don't have reserve funds for unexpected huge winnings of their players then that's probably a reason for them to get close into bankruptcy.I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?
But to the established and popular ones, it's highly unlikely that you'll get to see them bankrupt. Even with massive winnings, you'll never know how huge they've got on their funds ready to sustain if there are unexpected times that huge wins are coming to their players.
Although they can recover as well based on the games that they have because as what everyone knows, the house always wins.
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