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Bovada Payout Concerns
Friday June 1, 2012 : GROWING CONCERNS OVER BOVADA PAYMENT SLOWDOWN
Can players really be expected to wait 35 days or more for payment?
The difficulties with US payment processing notwithstanding, players across several influential internet message boards are voicing growing concerns about the increasingly long payout times at online casino, sports betting and poker operator Bovada.
The slowdown in payment times appears to have started back in December 2011, when players were moved from the Bodog brand to the new Bovada enterprise, which is US-player friendly.
Despite a variety of excuses from Bovada, players are pointing out that several of its rivals are managing to make payments at far more acceptable intervals, raising fears that Bovada's dilatory pay-outs may not be entirely processor-related.
Players note that a 7 day timeframe for payments at Bovada switched to first 15 days, then 21 days, and finally 25 business days (which equates to 35 calendar days), and that even on that schedule the company appears to have difficulty in meeting its obligations to its players.
Information websites have weighed in on the problem, warning their members of the delays they may experience as players at Bovada and giving specific examples of astonishingly long pay-out delays of up to 50 or more days being encountered by some players.
It's not just players that are being affected, either - several sites warn that affiliates are battling to be paid timeously.
In the wake of the Full Tilt and more recent Purple Lounge-Media Corp disasters, players are very sensitive to this sort of bad vibe, and will be watching the situation closely.
In our opinion Bovada is still one of the safest places to gamble online for US players. The Bodog and Bovada brand has never missed a payout. In our current climate these processor issues pop up from time to time.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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