How about casinos giving loan.

[letteredhub]

Didn't see where this being discussed but if you have them just notify me.

Have you ever thought about gambling industry developing to a time when casinos would be offering considerable loans of not too high amount to loyal customers to be paid later than going to use money that was not previously planned for gambling since they still want to gamble a little more. Then the loan would be automatically deducted in the moment next time the customer makes a deposit into the account.

Would this initiative if adopted by casinos encourage gambling addiction, makes gamblers chronic debtors to casinos (assuming a gambler has 5 different accounts with different casinos and decided to take loan with each), or would it be an initiative that could further enhance customers experience?

[Charles-Tim]

I do not think it can encourage gambling addiction but it will easily encourage those that are addicted already to borrow money from the gambling site.

There should not be anything like this, it is bad for gambling sites to do something like that. Gamblers should go and borrow the money from somewhere else, but which is also very bad as it indicates addiction.

[yahoo62278]

Casinos offer markers to some players. I'm not 100% sure how it works but you have to show some proof of income I am sure along with sharing some other information. They're not just going to hand out free money to everyone who asks, they're gonna make sure whomever they're loaning has the means to repay.

[Agbamoni]

Have you ever thought about gambling industry developing to a time when casinos would be offering considerable loans of not too high amount to loyal customers to be paid later than going to use money that was not previously planned for gambling since they still want to gamble a little more. Then the loan would be automatically deducted in the moment next time the customer makes a deposit into the account.

Would this initiative if adopted by casinos encourage gambling addiction, makes gamblers chronic debtors to casinos (assuming a gambler has 5 different accounts with different casinos and decided to take loan with each), or would it be an initiative that could further enhance customers experience?

This idea will require strict KYC. Because what is the probability that a gambler will repay the loan after gambling when there are other casinos out there to gamble with? People will abuse the feature.

Only the local casino and sportsbook should be allowed to do this because of the regulations within the country. I wouldn't want to share my personal details like BVN with a casino outside of my region.

[Dr.Bitcoin_Strange]

I actually remembered that I have made a comment in a similar topic so I had to search and then I found out that the topic was started since 2024. Here "is there any online casinos that has a lending service inside?"

I still do not think that any online casino has introduced such feature but if they have, I think it's going to create an avenue for already addicted gamblers to fuel their addiction. Some of the addicts don't have money to play again, if they can take loan from casinos to continue gambling, they would appreciate it more than anyone else, lol, I don't think such feature is necessary unless there are some restrictions and basic requirements that will be added, just my opinion tho.

[letteredhub]

I do not think it can encourage gambling addiction but it will easily encourage those that are addicted already to borrow money from the gambling site.

There should not be anything like this, it is bad for gambling sites to do something like that. Gamblers should go and borrow the money from somewhere else, but which is also very bad as it indicates addiction.

While putting this piece of OP together I was having no other thoughts ringing in my head aside that the issue of addiction would be the main reason why many contributors to the topic wouldn't be taking the idea as anything for gambling sites to put in place. But like I said before in the OP, let try to consider a situation where such idea would help reduce the use of funds that were originally proposed for an important project for gambling instead. When they can actually borrow form the casino.

[Achalugo BTC]

Casinos offer markers to some players. I'm not 100% sure how it works but you have to show some proof of income I am sure along with sharing some other information. They're not just going to hand out free money to everyone who asks, they're gonna make sure whomever they're loaning has the means to repay.

That's a good move, maybe they know that there will always be risk if they give one a free money, which they trust or know much about it, which will automatically makes them to go broke, if they make this move.
That is why, they even went ahead to make some verification for easier access, just incase if someone become a victim and this will also help the casinos to maintain their status.

[_act_]

I actually remembered that I have made a comment in a similar topic so I had to search and then I found out that the topic was started since 2024. Here "is there any online casinos that has a lending service inside?"

This is how topics are repeatedly posted on this gambling board. It would have been better if letteredhub who is the OP to have made use of the search engine before he posted this topic.

I think it would be good for this topic to be locked because of the link that you posted. That topic was posted just last month which is not far yet and not worth bringing up another similar discussion.

[MainIbem]

Casinos offer markers to some players. I'm not 100% sure how it works but you have to show some proof of income I am sure along with sharing some other information. They're not just going to hand out free money to everyone who asks, they're gonna make sure whomever they're loaning has the means to repay.

I think it would go beyond sharing informations and stuff, cause what if some folks lose and refuse to pay back or stop using that particular platform like a debt evasion and so, I've never come across casino that offers such services, maybe I might have used them but don't know they do so I'm just curious to know how they intend recovering their money from those who'll attempt debt evasion.

[letteredhub]

Casinos offer markers to some players. I'm not 100% sure how it works but you have to show some proof of income I am sure along with sharing some other information. They're not just going to hand out free money to everyone who asks, they're gonna make sure whomever they're loaning has the means to repay.

Obviously the casino isn't a charity organisation and wouldn't be handing out funds to just any gambler because they're using their platform. No.

There would be other requirements to fulfil to be eligible for that, just as we have the loyalty tiers, a gambler must have obtained a certain loyalty tier to be eligible. And since the casino has information of customers through already done KYC they would likely know customers that has the capable means to repay. Mind you, it's not big amount but just a little. Let say a 5% of each  eligible gambler total regular spending for the month.can be given as loan.

[Joy- maker]

This may be see as a good initiative, but let's not only look at the positive effects,  Let's also consider the negative side. And with the look of things the negative effects are more compared to the positive effects. And one of the negative effect is that if  customers start gambling with borrowed money for me it is a financial risk to the customer. Because gambling with borrowed money can lead to large looses according to how I see things from my perspective.

Secondly if casinos start giving out loans to their customers it is a clear  potential for addicted and problem gambling. Giving out loan to customers can be more tempting, increasing risk of problem gambling. It can also lead to default/credit risk for casinos. Because some customers can decide not to repay back their loans . And as we all know humans must surely behave obnoxiously. Further more market /regulatory risk. as we all some jurisdictions ban credit gambling. So offering loan to customers by casinos may likely lead to fines or license issues.

[uneng]

Would this initiative if adopted by casinos encourage gambling addiction, makes gamblers chronic debtors to casinos (assuming a gambler has 5 different accounts with different casinos and decided to take loan with each), or would it be an initiative that could further enhance customers experience?

Of course it would be a disaster, since we know main borrowers would be the addicted ones. Responsible gamblers never take loan to gamble. I wouldn't be interested on this feature provided by casinos, rather I would be interested in lending money to casinos. That is the profitable deal in this industry, when you are by the side of the house and not by the side of the gamblers.

Casinos already profit a lot from bets, so I think it would be a low blow to profit from loans at same time. That would be a greedy move they don't need to practice, besides completely going against responsible gambling guidelines.

[stompix]

Have you ever thought about gambling industry developing to a time when casinos would be offering considerable loans of not too high amount to loyal customers to be paid later than going to use money that was not previously planned for gambling since they still want to gamble a little more.

That time was two decades ago!

It's called casino credits and a ton of casinos have it since the last century, you just need to apply for one with them and once they do a bit of background check you're ready to go, usually smaller sums (by US standards) but with no interest for 30 days, much like a credit card debt.
https://caesarsrewards.custhelp.com/app/answers/detail/a_id/2233/~/caesars-entertainment---casino-credit

[LogitechMouse]

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Would this initiative if adopted by casinos encourage gambling addiction, makes gamblers chronic debtors to casinos (assuming a gambler has 5 different accounts with different casinos and decided to take loan with each), or would it be an initiative that could further enhance customers experience?

I don't see it happening as well, and while I've seen numerous gambling website being promoted here, I haven't seen one that has this kind of feature TBH. Maybe they don't have any plans of adding it I guess.

As for this one encouraging gambling addiction, it might be a factor because they will have another way of borrowing money in these gambling casinos. The problem though is, what would be the COLLATERAL that they will be giving. Of course, these gambling websites will not lend it to them if they don't have anything to give, right especially when they know that there are some of them who don't have the capability to pay the loan because... they're BROKE.

Overall, I think this will just be have more negative than positive effects. The casino will not get any benefits from it unless like what I said, they'll request a collateral every time somebody asks for a loan. I'm thinking what if they'll integrate something like what's on most DeFi Platforms where they'll add a Borrow-Lend feature? Will that work or at least benefit both parties (the casino and the gambler)?

[gunhell16]

Didn't see where this being discussed but if you have them just notify me.

Have you ever thought about gambling industry developing to a time when casinos would be offering considerable loans of not too high amount to loyal customers to be paid later than going to use money that was not previously planned for gambling since they still want to gamble a little more. Then the loan would be automatically deducted in the moment next time the customer makes a deposit into the account.

Would this initiative if adopted by casinos encourage gambling addiction, makes gamblers chronic debtors to casinos (assuming a gambler has 5 different accounts with different casinos and decided to take loan with each), or would it be an initiative that could further enhance customers experience?

From what I know, it’s common for physical casinos to lend money to their regular gamblers who visit their establishments in person. But when it comes to online casinos, I haven’t seen
any that offer this kind of lending service. I also don’t think this is a good strategy for online platforms—lending money here is risky because they could easily get taken advantage
of by bad persons.

While this might sound appealing to some gamblers, it’s a high-risk move for online casinos themselves. And to this day, I still haven’t come across any online casino that does this, so I guess they’re also weighing the potential downsides before implementing such a service.

[Potato Chips]

I don't see it happening as well, and while I've seen numerous gambling website being promoted here, I haven't seen one that has this kind of feature TBH. Maybe they don't have any plans of adding it I guess.

I would assume such feature is not common in crypto gamba platforms. I've only seen one myself.

The one I saw was from Goated.com which was a trial run, and is now paused—if I'm not wrong they're one of the lesser knowns casino. This made me wonder if there were a lot of abuse or they simply have allocated enough money or material for the trial run.

But they did say they will come back, however there's a good chance there will be some changes when they do.


Source: https://www.goated.com/help/article/10714136-goated-loans

[cryptoaddictchie]

Would this initiative if adopted by casinos encourage gambling addiction, makes gamblers chronic debtors to casinos (assuming a gambler has 5 different accounts with different casinos and decided to take loan with each), or would it be an initiative that could further enhance customers experience?

From what we’ve already seen in the casino industry, anything that blurs the line between your money and borrowed money almost always ends badly for players, even loyal ones. A loan feature would definitely increase play in the short term, but it also risks turning casual losses into ongoing debt, especially when someone spreads it across multiple casinos. That’s why most regulated casinos avoid this kind of approach with the customer experience might feel smoother at first, but the long term harm and reputational risk usually outweigh the gains. Anything came from loans to gamble is risky and not a good way to have funds for gambling.

[SmartGold01]

This is the wrong steps which they could take to be honest because many people after funding their gambling accounts and they gambled and loses them they wouldn't mind going to borrow from the gambling site if they lose they won't mind abandoning the account and most to another gambling site to start their gambling life again. In facts you are even creating a room where gamblers could go request for their lost funds from gambling site. It would serve as a place of paying back when they lose their money while gambling, this could be nice if they would be that willing to approve the development, although it could be hard from how I have viewed the whole scenarios.

[noorman0]

I never thought about this, and perhaps there is no credit for centralized online casinos because they have to deal with customers all over the world. I imagine eligibility requirements and collateral settlement will be complicated unless they consult with relevant external services who truly agree that loans for high risk use will not be problematic for business sustainability.

[danherbias07]

Not just gambling addiction. It will also encourage people to kill themselves if they are buried in debt.

This is not recommended at all, and I don't think any online casino or sports bookie would do it. It will be difficult to collect the debts, and it is also prone to abuse. Even if they fill out their KYC, it will still not be enough unless there's collateral. It's a double-edged sword that can either harm the online casino or the gambler. So, it's better if they leave the loaning part to services that specialize in it.

This was discussed before, but it's buried deep in the gambling discussion section.