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Gambling Casino Tests the Banking System |
Whether gambling at the land or online casinos, the system can certainly have its flaws. This is the case with the Grosvenor Casino. Grosvenor has challenged the court and banking system because of failure from the banks to honor verbal confirmation on two multi-million dollar checks that were written by a Grosvenor gambler. The problem with this case comes down tot the fact that there is no case precedence for enforcing the banking system to uphold verbal promises. For the casino though, Ahmed Al-Reyaysa wagered the money at the casino yet has failed to pay up, and that is simply unacceptable.
The situation is what many opponents of both land and online casinos gambling fear – illegal activities, corruption, and the inability to maintain the gambling. Al-Reyaysa was a frequent gambler at the casino yet apparently also frequently bounced checks. Grosvenor has already taken the issue to court and won, but that ruling is not enough to force the player’s banking institution to process the payments. In fact the rules that bind the bank to paying the casino are not actually enforceable, which means that it is increasingly hard for Grosvenor to get those missing funds back.
Grosvenor is owned by Rank plc, a land and online casinos gambling company, and the specific gambling venue that accepted the bounced checks, Clermont Club, is now sold to a private billionaire. And despite that the case has now gone on for several years, Grosvenor is determined to force Al-Reyaysa’s bank pay the nearly GBP 9 million in checks. Grosvenor’s argument is that the bank is “bound by verbal approval” that was given to the casino from the bank manager at the time that the checks were honored at the casino.
Source:http://www.gamblecraft.com/ |
