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

[Maslate]

Casinos offering a lending service with collaterals might be facing problems with the regulators. I've never seen a casino offering such service.

It might require a different kind of permit since lending and casino businesses fall under separate industries, it's finance and gambling. So, that makes sense.

Unless the casino is decentralized or operates without a license, it would be a bigger risk for them. They wouldn’t have any legal means to go after a gambler who doesn’t repay, especially since they’re operating without proper licensing in the first place.

[Akbarkoe]

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 one until today that has this kind of service, especially without collateral, we often see it in physical casinos but not necessarily in online casinos because it is more risky, loan sharks can intimidate and go to their customers' homes but in online casinos it is very difficult to do this, there are more risks than the loan sharks.

Even if it exists I think it will have the same fate as some defi, you have to have collateral to borrow money.

[Beparanf]

Casinos offering a lending service with collaterals might be facing problems with the regulators. I've never seen a casino offering such service.

It might require a different kind of permit since lending and casino businesses fall under separate industries, it's finance and gambling. So, that makes sense.

Unless the casino is decentralized or operates without a license, it would be a bigger risk for them. They wouldn’t have any legal means to go after a gambler who doesn’t repay, especially since they’re operating without proper licensing in the first place.

Actually, Curacao license is out of the picture if casino decided to offer loans or additional service inside the casino since their license coverage is on the casino part not the lending. It’s on the country jurisdiction whether they have license for lending or not.

Betfury is best example here since they have casino license and at the same time offers trading, staking and other DeFi feature that falls on same category with lending as financial.

[Sanitough]

For example, there could be gamblers out there who desire to use their Bitcoin (let us say 300$ worth of BTC) to ask for the casino to lend them 200$ USDT, that only would make sense of the gambler believes the price of Bitcoin is going to increase in a relatively short period of time.

It doesn’t make sense to borrow money when you already have more than what you can borrow. And honestly, I doubt many gamblers would be willing to do that. Normally, gamblers borrow because they’ve run out of funds but still feel the urge to gamble. That’s why loan sharks see an opportunity but only in physical casinos, where they know the gambler personally.

This doesn’t happen in online casinos.
Just to make the discussion interesting, the argument here should focus solely on non-collateral loans.

[tvplus006]

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.

So this is exactly the task of the casino, so that players play more and spend more money accordingly, since the profit in the casino directly depends on this. But it also does not make sense to give money to your players without collateral, since the loan may remain outstanding in this case.

[Crypto Library]

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.

This is really new concept for me, and until now I haven't familiar any kind of Casino who gives like this kind of lending service inside of them maybe these only available on the physical casino's.

I don't think any good licensing company would license a casino with such features, given the current state of gambling addiction in the world. Because they would be a big thumbs down for responsible gambling in most cases. And besides, I never appreciate gambling by borrowing money under any circumstances, and when it comes to chasing losses, there is no guarantee that you will be able to win by gambling by borrowing money because after all, it depends entirely on your luck.

[Zigabel]

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 have not seen any just yet, if it ever happens that one emerges, most gamblers are very likely to abuse it actually and that is because they may not pay back and the casinos may not have a particular way to really get back at them because most of the money they will be spending it gambling and if they loose they aren't going to be able to really pay back.

[o48o]

Here is a little more information about this feature. The minimum amount to loan is $200, and collateral is needed. Some say it's not a bad idea to borrow a stable currency while keeping Bitcoins (or some other coin) that can go up. In any case, I haven't used this feature, and to be honest, I don't intend to.

They do have low interest rates, but betfury is a last place i would take a loan. And just the amount of restricted areas they can't legally serve should be an obvious reason for anyone's red flag.
I mean they probably deal with people without knowing where they are from, but when they do, then legally speaking they have no reason to give your money back if they choose to keep it.
They can just say it's against tos and user has no legal way of fighting back.

[Zoomic]

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.

So this is exactly the task of the casino, so that players play more and spend more money accordingly, since the profit in the casino directly depends on this. But it also does not make sense to give money to your players without collateral, since the loan may remain outstanding in this case.

I see this loan facility provided by casinos as a way the casinos exploit the gamblers. We all advice gamblers not to gamble with borrowed money since it is a huge sign of problem gambling. Now, we have landbased casinos openly encouraging problem gambling by putting gamblers in debts so they will keep gambling. I am glad online casinos do not have this option yet because alot of gamblers will abuse it and make both themselves and the casinos suffer damages.

I just wish there will be strict regulations restricting casinos from giving out loans to gamblers no matter the reason for borrowing. From my findings, it is not helping the gamblers.

[Fivestar4everMVP]

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 highly doubt if there will be any online Casino that offer such opportunity to gambler, it will be ultimately abused and the casino will loose alot of money.

See, you can't compare offline casinos to online casinos in this area, those loan sharks who are ready to loan desperate gamblers money at a high interest rate often have something to hold on to as collateral just incase the gambler looses the money and can't afford to pay back, the loan sharks recover their money back through what they took from the gambler as collateral, this usually ranges from expensive phones, to gadgets, computers, expensive wears, wriste watches, gold necklace and many other, they can sell off this item to get their money back.

But online, casinos have no way of getting such collateral from gamblers who may want to borrow money, this is why borrowing from online casinos may not and never be possible.

[gunhell16]

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.

So this is exactly the task of the casino, so that players play more and spend more money accordingly, since the profit in the casino directly depends on this. But it also does not make sense to give money to your players without collateral, since the loan may remain outstanding in this case.

I see this loan facility provided by casinos as a way the casinos exploit the gamblers. We all advice gamblers not to gamble with borrowed money since it is a huge sign of problem gambling. Now, we have landbased casinos openly encouraging problem gambling by putting gamblers in debts so they will keep gambling. I am glad online casinos do not have this option yet because alot of gamblers will abuse it and make both themselves and the casinos suffer damages.

I just wish there will be strict regulations restricting casinos from giving out loans to gamblers no matter the reason for borrowing. From my findings, it is not helping the gamblers.

It's not really advisable to a gambler that he gambles that his gambling is out of debt, this is a very bad way when a gambler is actually made. Because I think that if there is any kind of gambler who does it it is obviously an addict to gambling.

Then if there is a casino that lends me to know only the land based casino really has this and they have a collateral taken from the gambler to borrow and if they have no collateral to give, they will not loan the gambler.

[Orpichukwu]

This post reminds me of this image I saved in my phone from a Facebook post some months ago where there is a loan office in the same plaza where a betting shop is located, and below it is a law firm, which many were explaining the meaning of in a funny way: you take a loan, use the money to play a bet, and if there is a win, the means of paying back the loan company will take your case to court.

I don't think it appears appropriate to even include such an option in the casino because it will promote gambling addiction, as the majority of people who will take such a loan will end up using it for gambling.

[junder]

I have not seen any online casino whose platform has introduced a loan service. If gamblers get such an opportunity, they will definitely want to accept it, but this service is never possible to provide. If such a service existed, I would say that the chances of a gambler becoming addicted would increase. Because they would play with money and would lean towards more loans to repay that money. Those who cannot control themselves will never be able to manage gambling properly with loan services. And if gambling services provide loans, then if gamblers fail to repay that loan, then must think about how the gambling platform will collect the money from that loan.

I also think like that, if there are indeed people who like to gamble, they will be very enthusiastic in gambling, maybe even this can make them more enthusiastic in gambling, even though the chances are that they will only experience destruction. I myself think now from the many online and offline casinos it seems that they do not provide services like this, it is quite ridiculous if the casino provides it.

the chances of addiction are greater when the casino provides this and it is also likely that players will be more closely tied to gambling, whether it is because they have to pay off their debts to the casino or other things, but what is clear is that if something like this really exists the level of addiction seems to increase rapidly.

[Jody.Drummer]

This post reminds me of this image I saved in my phone from a Facebook post some months ago where there is a loan office in the same plaza where a betting shop is located, and below it is a law firm, which many were explaining the meaning of in a funny way: you take a loan, use the money to play a bet, and if there is a win, the means of paying back the loan company will take your case to court.

I don't think it appears appropriate to even include such an option in the casino because it will promote gambling addiction, as the majority of people who will take such a loan will end up using it for gambling.

The existence of an option like this is certainly a greater opportunity for the player to do gambling again Keyika betting has ended with defeat, I previously did not believe this was there but with those of you who accompanied the photo it turned out to be in fact and I thought it was only a person who was thirsty for victory who will take the loan option directly at the same location when they have lost the money that is at stake before.
It is very fortunate that people who have lost money at their first bet and take the loan directly and then managed to get a victory in the next who uses the money from the loan so that it can immediately pay it off, but the thing that might happen is that the player can lose control and instead risk the victory again What he has gained, there is still a possibility that the person will take more loans if indeed the borrower still provides another chance. This can make someone get caught in a dangerous cycle.

[_act_]

It might require a different kind of permit since lending and casino businesses fall under separate industries, it's finance and gambling. So, that makes sense.

It will not be difficult. There are many sites that are not lending operators but lending money to people. Some can be another company. I mean example is a gambling site that works together with a company that is providing a lending service.

Unless the casino is decentralized or operates without a license, it would be a bigger risk for them. They wouldn’t have any legal means to go after a gambler who doesn’t repay, especially since they’re operating without proper licensing in the first place.

Even if the gambling site has such permit, I do not think it is a good idea for a gambling site to be lending money to gamblers. That is the reason I will not be surprised if there is no gambling site offering such service.

[Salahmu]

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.

In physical casinos I believe is not even all the gamblers that's entitled to be borrowed money to gamble because I think is mostly those gamblers who are normally seen as people who regularly gamble with them because they no that such gamblers will definitely pay back but as for online casino I have not actually come across such services from any casino and perhaps if there is any casino which does that I wonder the level of trust they would have for the person knowing fully well there is a higher chance of the gambler not paying after losing the money, so actually there is no online casino I can think of.

[avp2306]

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.

In physical casinos I believe is not even all the gamblers that's entitled to be borrowed money to gamble because I think is mostly those gamblers who are normally seen as people who regularly gamble with them because they no that such gamblers will definitely pay back but as for online casino I have not actually come across such services from any casino and perhaps if there is any casino which does that I wonder the level of trust they would have for the person knowing fully well there is a higher chance of the gambler not paying after losing the money, so actually there is no online casino I can think of.

I think there's a profiling that will happen and if they know that the person is capable to pay those loans they take from them then automatically they give or allow those people to borrow some amount from them. But also if they know there's random dude knocking in there door asking for loan without knowing anything from him for sure that they will get denied. Loan sharks are so smart dealing with people since this is their business and they know how to make everything works with these kind of business.

But so far I guess this kind of service didn't reached in online casinos yet, since its hard to ask people to pay their loans online that's why there's no option like this available at the moment.

[ethereumhunter]

This post reminds me of this image I saved in my phone from a Facebook post some months ago where there is a loan office in the same plaza where a betting shop is located, and below it is a law firm, which many were explaining the meaning of in a funny way: you take a loan, use the money to play a bet, and if there is a win, the means of paying back the loan company will take your case to court.

I don't think it appears appropriate to even include such an option in the casino because it will promote gambling addiction, as the majority of people who will take such a loan will end up using it for gambling.

But people seems not care about being addicted to gambling because all they want to do is get the money and keep playing gambling. They want to recover their losses and win more money so that is why they do that without thinking the worst thing that can happen to them. Yeah, that is funny to see the reality that happen in that place and I guess that will happen too in the other places because gambler will find a way to have money so they will search for those who can lend them money.

[|MINER|]

Lending service without a collateral? No way. The casino will basically lend you money, you will gamble and lose them(which means that the casino owner is basically paying himself with his own money) , and there's no way for the casino to force you to pay back that money.
Casinos offering a lending service with collaterals might be facing problems with the regulators. I've never seen a casino offering such service.
Some casino might offer demo accounts, where the gamblers could bet fictional money, but this has nothing to do with your idea.

This is one of the best point in my eyes in this whole thread like even if the Casino gives the non-collateral loan they will be something pre-plan like most of them the gambler will lose their fund and what you said that will the end after casino have nothing to loss.
In the mean time they will have some promotion i.e. marketing that they give non-collateral loan although I have doubt that how many the normal gambler will take those loan in my opinion who will take loan most of them would be only addicted gambler.

[Oshosondy]

Lending service without a collateral? No way. The casino will basically lend you money, you will gamble and lose them(which means that the casino owner is basically paying himself with his own money) , and there's no way for the casino to force you to pay back that money.
Casinos offering a lending service with collaterals might be facing problems with the regulators. I've never seen a casino offering such service.
Some casino might offer demo accounts, where the gamblers could bet fictional money, but this has nothing to do with your idea.

This is one of the best point in my eyes in this whole thread like even if the Casino gives the non-collateral loan they will be something pre-plan like most of them the gambler will lose their fund and what you said that will the end after casino have nothing to loss.
In the mean time they will have some promotion i.e. marketing that they give non-collateral loan although I have doubt that how many the normal gambler will take those loan in my opinion who will take loan most of them would be only addicted gambler.

Probably the one that you read. If you go to the first page of this thread, you will see people that have posted about it. Also same in the second page. Although if a casino will do something like this, it will be like those lending services and may not be at loss. But this is not right at all as they are encouraging gamblers to get more addicted.