Tag: cash
New Jersey to Prop Up Atlantic City
Lawmakers in New Jersey have agreed a deal to send financial support to the US state’s gambling resort of Atlantic City, following a sharp drop in casino revenue during recent years. Total casino revenue in the resort for the 12 months to December 31, 2015, came in at $2.2 billion (€2 billion), down from $5.2 billion in 2006, partially due to the closure of four of its 12 casinos in 2014. With some analysts predicting that revenue will fall again this year, the state has agreed to step in by approving a measure to extend bridge loans and grants to…
666Bet Refunding Player Money
The UK Gambling Commission believes that troubled gambling operator 666Bet has now returned funds to a “significant number” of customers who had been out of pocket for more than a month. 666Bet had its licence suspended by the Gambling Commission on March 21, with customers then unable to access their accounts and withdraw cash. Even after 666Bet employed payment processor Skrill to aid the withdrawal process, many have still complained that their account balances were incorrect. Customers have also been angered by a lack of communication and difficulties in accessing the 666Bet website. The Gambling Commission said: “Our understanding from…