is there any online casinos that has a lending service inside?

[Russlenat]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

[robelneo]

Very interesting topic, none that I can think of. Lending is very popular on offline casinos, and they openly offer this to their VIPs because they can do a letter of guarantee, but I don't know how they will structure this online. Maybe you can if you have staked and locked their token or they have staking features in their platform.
If there's any gambler, they will be attracted to try to play here and avail of the loan.
I'm also interested to see if there's any casino popular or not so popular, so let's see.

[Davidvictorson]

Physical casinos have , Casino Credit.

Casino Credit is a line of credit with no fees, or interest charged. You can access your credit in increments as you play to eliminate the need to carry around a lot of cash, plus it saves on expensive ATM fees.

There should be a form of this for online casinos but I sure it would go by a different name. I have seen other forms like "play now, pay later" these are all types of lending services offered at physical casinos. If there were a service like this for online casinos it would be reserved for the VIPs as they have already established a solid reputation at the casino.

[BIT-BENDER]

Yes I am aware of the loan sharks offline that look gamblers who are in depression after a huge loss and looking to recover or those addicted gamblers who are short on funds but can resist the urge to join in the game. I don't know how it works in your area but in my those so called loan sharks are not in connection to the owners of the gambling house so I don't this any gambling company would promote this and it may just lead to people getting even more addicted.

[AmoreJaz]

Yes I am aware of the loan sharks offline that look gamblers who are in depression after a huge loss and looking to recover or those addicted gamblers who are short on funds but can resist the urge to join in the game. I don't know how it works in your area but in my those so called loan sharks are not in connection to the owners of the gambling house so I don't this any gambling company would promote this and it may just lead to people getting even more addicted.

But in online gambling, I haven't encountered any of these sites offering such kind of service. Unless, they will ask for some type of collateral - like another alt or some investments in their site. I can understand if it is an offline casino, as those lenders can ask for some hard collateral assets from the gambler. Most of the time, it is the word of mouth why these gamblers know who are lending money inside the casino.

Just think of the fact that online casinos won't offer this kind of service if there's no collateral worth of value to them. Otherwise, this can be their downfall on this business if they will just let them borrow money as we all know, gamblers are mostly on the losing side and would be very hard for them to repay if you have nothing that you can hold onto from them.

[Ziskinberg]

Maybe you can if you have staked and locked their token or they have staking features in their platform.

interesting, this is less risk leding on the part of the casino, but I think OP was asking about a regular onine casino, not a casino having their own casino token..

I have seen other forms like "play now, pay later" these are all types of lending services offered at physical casinos.

It kind of feels like an OFW working abroad and paying later once they land a job. 

But seriously, if a casino were to offer that kind of service, it would be interesting. Still, I doubt they would, since gamblers highly value their privacy, making it too risky for a lending service.

Maybe they could offer it to VIP members, but with very limited amounts, as it would be a high-risk loan.

[Wiwo]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

Having a loan feature on an online casino is a big risk for the platform, most especially crypto casinos. The reason is that when the lender defaults on the loan, there is no way to trace them, so casinos don't consider such services to be profitable and at. that their look away from loan offerings.

Regardless of the interest amount, borrowing gambler's money is a big red flag and should be avoided by a casinos in fact a Casinos that engages in such a venture will pack up within one year of operation because of a lack of debt servicing.

[robelneo]

Maybe you can if you have staked and locked their token or they have staking features in their platform.

interesting, this is less risk leding on the part of the casino, but I think OP was asking about a regular onine casino, not a casino having their own casino token..

I just posted on the possibility, and there was no mention of a specific online casino.

.. If there were a service like this for online casinos, it would be reserved for the VIPs as they have already established a solid reputation at the casino.

Good point. VIPs spent a lot of money and time to reach their VIP status; they will not leave that status for a loan.

[_act_]

This kind of service offer will not be good at all. It will encourage gamblers to gamble more when the person has no money. It is better the way it is now as there is no gambling sites that I know that is offering this kind of service. Maybe gambling sites may think it is not safe and some people may even go away with the money borrowed as there are other gambling sites as alternatives.

[len01]

I have almost the same opinion as some people here that loans will only be given to land-based casinos.
Although the casino wants to get more profit from active gamblers, the casino will also consider the big risks that may occur such as gamblers who take out loans and run away and do not want to pay back their loans. So, online casinos are likely not to provide loan options to avoid big losses that can occur.
So, for now there are no online casinos that provide loans to gamblers who want to continue gambling.

[Agbamoni]

Very interesting topic, none that I can think of. Lending is very popular on offline casinos, and they openly offer this to their VIPs because they can do a letter of guarantee, but I don't know how they will structure this online. Maybe you can if you have staked and locked their token or they have staking features in their platform.
If there's any gambler, they will be attracted to try to play here and avail of the loan.
I'm also interested to see if there's any casino popular or not so popular, so let's see.

Honestly, this has been in the minds of online casinos, but they don't know how to build a trust system around the lending feature. Online casinos are not fintech (financial technology) that is the first problem. Second, it's difficult to control a debtor then imagine one who is a debtor in gambling.

You have mentioned one way the casinos can apply the loan feature, which is similar to how crypto exchanges operate. Where an individual must own an asset in the CEX, that is worth their loan amount. Another way is to add a fiat system to it. They can deposit and withdraw with their local cards, which must be added to the casino. However, gamblers willing to take the loan with the second option should be ready to be vulnerable to an attack since they are revealing their identity entirely to the casino.

With both ideas, the casino can take back their money directly or indirectly through their connected card when they fail to repay.

[Alphakilo]

Having a loan feature on an online casino is a big risk for the platform, most especially crypto casinos. The reason is that when the lender defaults on the loan, there is no way to trace them, so casinos don't consider such services to be profitable and at. that their look away from loan offerings.

A loan service by an online casino for gamblers is a big risk on their side.

No one can even guarantee that even if they say that the gambler would pass through KYC, they will agree to pay back the loan. You can even see now that the conversation isn't even about the morals implication of it rather it is about saving the business. I

Regardless of the interest amount, borrowing gambler's money is a big red flag and should be avoided by a casinos in fact a Casinos that engages in such a venture will pack up within one year of operation because of a lack of debt servicing.

You are very kind to give them one year to pack up if they offer such service.

I give them only six months. You can also see that, this is not about the interest on such loans but the longevity of the casinos. This is not their strong core and doesn't matter to the business - It can't even attract loyal gamblers.

[Hypnosis00]

That is still possible in online casinos, but it is likely offered exclusively to VIPs. It might even work as an invitation-only feature, similar to what other online platforms (not casinos) do for regular users with a long-term usage history. Maybe that is why we never see it become a rampant offer to anyone.
If online casinos offer loans, they could also use this strategy to ensure repayment. They know that these players are consistent, frequently play, and spend significantly more than the average casual gambler, making them a safer bet for such offers.

[Peanutswar]

I haven’t seen yet a casino supporting a lending service because this take feature with proper ruling on it that need to be transparent and considered the options. Also the borrower must need to make a collateral to the lendee to make sure the trade value is the same incase the principal borrower cant pay anymore. Its easier to find a casino supported with the use of card payment so the banks will handle their debts or payment than the casino its less hassle.

[Miles2006]

I have not seen such from an online casino surprising someone have such thought but of what benefit will this feature add if it’s accepted. Don’t want to imagine the stress those people pass through taking their money back after giving out a loan, let’s not compare the physical gambling activity definitely it’s so different because the casino is not involve rather others who have the interest of lending their money out. For example if an online casino should focus on lending money they’re actually over stressing their service, worldwide casino involving people from different location can the casino cope? If I’m not mistaking this feature is considered the least any casino could think of.

[Vaskiy]

Online casinos don't have such a feature. The platforms are aware that the money will be used for gambling and receiving back the amount is going to be an additional process. They need to handle more things, because money won't be provided without any collateral. Depending upon the amount requested, collateral will be documented with the respective account holder. There are people who lend money considering cryptocurrencies as collateral. In such cases, additional security is required to keep the users funds. If I'm not wrong, considering all these risks, gambling platforms are not into it.

[Koadharber]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

For offline casinos then it is surely existing but for online then i havent been able to encounter one, it is really that hard to see that they will be offering out such service not unless if there would be some collateral but we do know that doing it online and not physically then it is really that hard to make it happen., if we do tend to compare it out on physical world on which you can give out something in exchange on the amount that you can get then its possible but for online and speaking about crypto then it is that not shocking that platforms wont really be offering out such option. I dont know if there's one or i had just missed it or simply its unavailable.

[Pi-network314159]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

I don't think if such option exist, and even if it does there is no need to take loan to gamble chasing after loses.  Of course that will be adding petrol to fire. We all know how people are battling with gambling addiction and people will go as far as lending money to addicted gamblers with high interest, I will say I haven't seen such before.  And if it does exist like I said let no one fall for such temptation.  It is better to take a loan for other investments purpose than taking loan to gamble and chase of loses.

[Chikito]

I was wondering if there are online casinos that offer this kind of feature. In physical casinos, you often see loan sharks waiting for regular gamblers to borrow money at high interest rates. Since the urge to gamble is similar whether online or in physical casinos, it would be interesting to see if online casinos offer a way to borrow money to chase losses.

I haven't found it yet, but if I am forced to borrow some money, I certainly don't need to go all the way because we can easily find it here [1].

some members open services with competitive interest rates. And I'm sure if there is gambling site open lending service, the interest rate is definitely much higher than here.

[1]. https://bitcointalk.org/index.php?board=65.0

[ethereumhunter]

I never heard about loan feature offers by online casinos. But I see some people on offline casino offers loan to other people especially for those who lose their money. They take a look around at the casino and search for the loser so they can offers their services to them. If those loser take a loan from loan sharks, they will get in a problem especially if they lose their money. They will difficult to repay the money to the loan sharks because usually those people don't have any money.

If online casino give this feature to their members, maybe online casino will make more money. But those gamblers should not take any loan from anyone the problem will be bigger than they can imagine.