How about casinos giving loan.

[adultcrypto]

Casinos giving loan is a bad idea and wrong in many areas. The most obvious is that it will make people gamble above what they can afford to lose which is breaking the first rule of safe gambling. Beyond this, it will produce so many addicted gamblers because they have access to money at all time, they will jettison discipline.

Viewing it from a different perspective, how will the casino recover such loans assuming the player losses the money since there is no collateral? Such thing may turn the casinos to charity organizations. Hence, I don't see the possibility of casino giving this a thought because it is counterproductive to their business.

[Akuma_]

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.

As far as I know, they do give loans but it's not for everyone. They have special accounts or gamblers who are regularly active or they have built their account portfolio in such a way. Which carries a symbol of trustworthiness that the accounts will not be closed after taking a loan in the future. There are some such accounts, they usually get loans. But they don't just take out loans all at once, they also put up some collateral for security.

[maydna]

That may makes gambling addiction if people don't controls their gambling activities. Gamblers will takes the loans to funds their gambling activities but they will not pay it although casino have their identity to find them.

But before they can takes loans, they must follow strict KYC so casino can track them if they don't pay. Gamblers may creates more accounts to have the loans using different identities and runs with the money.

[Mr. Magkaisa]

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?

This is not a good for their people. If casino will launch a loan for their customer there will be maasive addiction and money problems.
Loan is not new, there are many loan shark in the casino, but it is different if the casino itself will have this loan. People will surely in debt.

[Pi-network314159]

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.

I don't think casino can develop to that extent or if they can ever norse that idea, because if loan are giving to customer to gamble  from such casino, they might not even pay back. Some will stop gambling from that casino because they know that depositing to that site will result to deduction of the previous amount they owed. Rather sign in to another casino where thatkney will be utilizeed without deduction. So I see that as not going to be possible or implemented.

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?

You have explained it I'm full, And I guess this is what will happen. But for the aspect of having several Casino app and taken loan , that will not be possible because to gamble to the extent of casino giving you loan, of course that means you are a regular and old customer
 This implies that youay not be that lucky to have the opportunity to take loan from several app except you build a relationship.

[Dave1]

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, land base casinos can offer this kind of loans or extend credits to whales, but for average joe gambler, nah, I haven't seen it. Yes, this could encourage gamblers the way I see it, and might produce more addicts in short amount of time.

So most likely this is the reasons why online casinos are not going to do it and maybe regulators are going to be able to include it in their regulations as it might really put others in bad debt and can't recover. Although there's another way for gamblers to make a loan as there are a lot of loaning apps already around the world.

[crwth]

I don't think this would be a good idea. The casinos aren't there to give out loans. The business that they do is entertainment, and not directly related to money. I believe this is a different type of business if you want to give out loans.

Let's say it does happen ^{(I doubt it will be okay)}. They would have to keep up with, or have access to, the database where credit scores are collected. I know that credit cards have their own database of their customers and what they are getting loans from. Checking the necessary background to see if they can really repay.

Overall, it would be a hassle because there should be someone who governs those types of transactions. I don't think it's safe for players or business owners. They just have to find their own ways.

[fruktik]

I don't think this is a good idea. It will encourage addicted gamblers to rack up even more debt and loans. I once borrowed money from friends and banks to continue gambling. And what did it lead to? I ended up completely in debt and had to pay it off for years. I believe this is a recipe for personal financial disaster, from which it will be very difficult to recover on your own. Gambling should only be done with funds that won't impact the family budget or lead to tragic consequences.

[LastKiss]

~snip~
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 should be offered only to VIP gamblers and the casino should require some form of collateral. If this is given to all levels and the requirements are too easy, it could increase gambling addiction. Many gambler stop gambling because they run out of money and don’t want to force themselves to continue, afraid when something bad might happen. However, with this feature, people would be able to keep gambling to satisfy their desires.

[qwertyup23]

The key takeaway here is granting loan to loyal customers because this kind of offer can either make or break a casino.

Granting out loans, as far a I know, has already been a practice to some online casinos. In land-based casinos, you would notice and observe that there are tons of loan sharks roaming around the area looking for a potential customer valid for that loan.

As I mentioned above, this could either make or break the online casino considering that there is less security when it comes to fulfilling the loan. Additionally, if a person wishes to apply for a loan in a no-KYC casino, the latter may have a relatively difficult time looking for a security in granting the loan.

I don't think this is a good idea. It will encourage addicted gamblers to rack up even more debt and loans. I once borrowed money from friends and banks to continue gambling. And what did it lead to? I ended up completely in debt and had to pay it off for years. I believe this is a recipe for personal financial disaster, from which it will be very difficult to recover on your own. Gambling should only be done with funds that won't impact the family budget or lead to tragic consequences.

It is definitely not a good idea both for the gambling platform and to its players.

Not only would this encourage fueling addiction further but this could also potentially create more problems for the casino because the business of loaning is entirely a different model compared to the business of gambling (common denominator = risk).

[JeffBrad12]

This kind of idea has been exist since a long time ago. It's called casino line of credit. You will able to borrow some money from casino with no interest after they have finished to check your credit score and bank history . However, If you have no steady income, the chance to be approved is very small.
The complication in how to get approve in taking the casino line of credit was the reason it was not getting a lot of demand.

It's also wrong to assume someone could create five accounts in the different casino. It's caused by once your credit application gets approved, it will be shared with another casino. So you can't gaming it.

[Cointxz]

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.

Brick and mortar casino offer short term loan or player credit to loyal customers. This is not new feature anymore but I doubt online casino will copy this feature since they are exposed on huge risk by letting online players avail while they can disappear after having a huge debt.

It’s very hard to sue or collect physically when player is from different country to the casino operation.

[GiftedMAN]

If casinos make such offers available for their loyal customers they are giving them the opportunity to get more addicted because it will fuel their energy to keep gambling recklessly even when they do not have their own money to continue. Addicted gamblers can use any money to gamble just to satisfy their urge it is better they are not given such offers because they will end up taking loans from people to gamble or sell their properties and when they know that they can get loans after spending so much on a particular casino they will move to another casino and that will make them to become debtors to most of the casinos.

[Fortify]

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?

No, it's never discussed here because it's an obviously terrible idea. One that casinos have zero interest in. They want money up front, but it's none of their concern where the player gets it, beyond obvious money laundering regulations. A casino is not a bank and lending money is a highly regulated business, there would be a huge and obvious conflict of interest if casinos did this. It has so many downsides, one of the most obvious is people that simply cannot or refuse to pay it back, with the additional legal trouble to enforce it. Oh and another one that makes this a stupid idea - every loan provider out there strictly prohibits using it for gambling, because they know it's lost money.

[Outhue]

It's going to be a disaster.

Casinos are not Banks, if you need loans go to the bank.

Casinos rendering loans are not helping their customers, in fact they are adding more fires to the flames of addiction.

Even if they manage to do loan out money customers won't get along later because once they start losing money heavily the whole thing will turn to drama that, casinos are intentionally loaning out money so that you can lose it back to them and they have to pay the money back now that they are in debt.

It's not ever going to look good.

[davis196]

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?

This won't work because the gambler would just leave the account with a negative balance and never deposit any crypto ever again.
If such idea was profitable for the casinos, they would implement it in no time. The fact that we don't have casinos, that are lending money to the gamblers clearly shows that such business model simply wouldn't work. Maybe some casinos would offer a lending service, if the gamblers were able to deposit crypto as a collateral, but the whole thing seems kinda pointless. Most gamblers have financial problems, so giving them loans without a collateral is a recipe for going bankrupt.

[AbuBhakar]

As far as I know, they do give loans but it's not for everyone. They have special accounts or gamblers who are regularly active or they have built their account portfolio in such a way. Which carries a symbol of trustworthiness that the accounts will not be closed after taking a loan in the future. There are some such accounts, they usually get loans. But they don't just take out loans all at once, they also put up some collateral for security.

To be honest, I've never heard of a casino that allows you to borrow money. Doesn't it seem like they'd lose more if the person they loaned money to didn't pay back, and it doesn't make sense because, normally, they're looking for players who are willing to spend money if they themselves are going to spend it on their players? It doesn't seem realistic, and how are they going to make money if that's the case, especially if there are more and more people taking out loans?

[Fiatless]

Casinos that offer such services should be prepared for losses. Some of them have had to cope with bonus abuses from fraudulent gamblers. Some of them will abuse this privilege, as some telecom companies in my location do. Some people would buy SIM cards, borrow airtime, and then dispose of them. Gamblers would patiently build a reputation to qualify for the loan, only to dispose of the account to avoid repaying the loan.

[Taskford]

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?

I heard this situation exist on traditional casinos, but they give it in form of gambling credits. But traditional casinos is so strict with this since they might look at the credit score of the borrower gambler before they can pass.

But for crypto casinos? I don't think there's anything like this exist, since I don't see any crypto casino offering this. Maybe this might exist in future especially if the crypto casino industry will grow more, but also maybe they only offer this to their whales.

[Sim_card]

It won't encourage gambling addiction if you gamble responsibly. However, I don't support such a feature because a responsible gambler shouldn't gamble when he does not have extra funds to gamble. Whomever, takes a loan to gamble is on his way to addiction. You can say whatever, you want but this is my own thought. Addiction starts from somewhere.