Is Rival Casinos going to fall over and die?
03 February 2012
The company are very resilient, but there is only so much a company can take before they admit defeat and cannot take any more blows.
The introduction of the highly innovative i-Slots looked to be a huge success but the idea came at just the wrong time. The Unlawful Internet Gaming Enforcement Act (UIEGA) was passed and threatened the entire operations of online gambling in the US, including Rival Casinos.
Cracks then started to appear when in 2008, T2, a marketing company whom Rival had entered into a marketing agreement with claimed that Rival’s four owners had breached this agreement, which the lead to a lawsuit and they incurred a huge payout of approximately C$500,000 to T2 Marketing.
Another blow came in 2009 when Canadian players were banned from all Rival Casinos due to this court case. Rival were at the time supplying their services to players from across the globe and continued to dare where other companies wouldn’t and supplied their services to US players, but how long would they be able to carry on doing this.
They continued to launch casinos, despite the location bans and they showed steady growth as a company. But as more Rival Casinos opened, further cracks started to appear and this time there were reports of problems with payments being processed. This was on a global scale, not just with US-based players. A poor standard of customer services was linked to the company and there was also a problem with players not receiving their bonuses.
It seems as though Rival had bitten off more than it could chew and the problems that they were facing facilitated additional negative issues. Many players were reporting various problems at Rival Casinos, and bad words travel fast.
2010 saw serious problems arise for them, as ‘rogue’ Rival Casinos began surfacing on radars. Players were not getting paid and money was simply being stolen from them. These casinos had even altered their terms and conditions so players basically had no chance. Only white label Rival Casino players are protected from rouge operations or blatant scams.
In short, most companies that have experienced the kinds of problems that Rival Casinos have experienced would simply keel over and die. As mentioned, they are very resilient but saying that they would not bounce back or be prepared for whatever 2012/13 holds for them would be quite naïve.
The company are huge in the virtual world of casinos and they manage to fight back from every problem they encounter. The future doesn’t look certain, but if anyone is likely to survive, Rival Casinos appear to be the toughest and most adaptable. Maybe lady luck will turn in their favour and give them a break for a change.
Tags: online casinos, rival casinos, unlawful internet gaming enforcement act, i-slots,
Posted In: Online Casinos, Casinos,
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CasinoMan - 04 September 2012
|"I think what's clear with these casinos is that there is a large variety of operators from good honest operators, through to quite disreputable operators as well.The key is to do your own due diligence before you commit to spending any money with an online casino."|
|"I don't get this group and wont wager there again as my winnings were confiscated by one site,what's puzzling is that there are some that say they are independent, but still they take info from the Rival control, one in particular was adamant they weren't part off Rival, and when my accounts were locked my account at that site was also, even they were puzzled so how does the gambler work it out even if the casino owner don't know?so maybe someone could help put some light on the subject"|
|"I think many RTG casinos are at the same risk.Im positive that coolcat and many of it's vertual group casinos are operating on thin ice. There are many people out there that do not report when this happens.The casinos responsible.They got me for $9000 last year,and i havent spent a cent in any casino since.I won $10,000 and only recieved $1000 after a long and stressful fight,that is! My point is when someone gets burned on a casino,,they develop a fear of all casinos when it comes to depositing real money.Weeding out the bad from the good will establish a reason to trust or gain the trust back from the thousands of players turned off,just like me.In order to start playing for real once again.There needs to be strickter regulations on some of these casinos that try to avoid paying players what they win.Believe me there are many still out there."|
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