Realtime Gaming: Difference between revisions
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==Caribbean 21 controversy== |
==Caribbean 21 controversy== |
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In 2004 the company |
In 2004 the company hit the news when a player won $1.3 million from a $1,000 deposit, playing Caribbean 21 for high stakes at Hampton Casino. The same player also won $96,000 at Delano casino, another RTG-powered site. |
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The player was accused of cheating by the casino, who said he used a robot (automated playing program), and that he would not be paid.<ref>http://www.msnbc.msn.com/id/4449401 Bettor wins $1.3 million; Net casino won't pay]</ref> Since the game has a casino advantage (albeit a low advantage, somewhere over 0.1% <ref>http://wizardofodds.com/caribbean21</ref>), the casino should still have held the edge, though good luck can overcome an edge in the short and medium-term. The details of the player's final settlement with the casino were never published. |
The player was accused of cheating by the casino, who said he used a robot (automated playing program), and that he would not be paid.<ref>http://www.msnbc.msn.com/id/4449401 Bettor wins $1.3 million; Net casino won't pay]</ref> Since the game has a casino advantage (albeit a low advantage, somewhere over 0.1% <ref>http://wizardofodds.com/caribbean21</ref>), the casino should still have held the edge, though good luck can overcome an edge in the short and medium-term. The details of the player's final settlement with the casino were never published. RTG subsequently limited the maximum bet size of the game to $5, before removing it entirely.{{cn|date=April 2013}} |
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RTG subsequently limited the maximum bet size of the game to $5, before removing it entirely.{{cn|date=April 2013}} |
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==Operators== |
==Operators== |
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One of the largest RTG casino operators was the Crystal Palace group, mooted for a £140m flotation on London's AIM market in 2005.<ref>{{cite news| |
One of the largest RTG casino operators was the Crystal Palace group, mooted for a £140m flotation on London's AIM market in 2005.<ref>{{cite news| archiveurl=https://web.archive.org/web/20110611165855/http://business.timesonline.co.uk/tol/business/article573602.ece |url=http://business.timesonline.co.uk/tol/business/article573602.ece |archivedate=11-Jun-2011|title=Crystal chips in with £140m float|work=The Times|first=Anushka|last=Asthana}}</ref> The group, owned by South African Warren Cloud, made a pre-tax profit that year of £20.4m. Cloud's casinos were the subject of numerous complaints particularly over payment of players who accepted bonuses from the casino. Cloud died suddenly on his yacht off [[Ibiza]] in July 2008, aged 34.<ref>{{cite web|title=SA Internet gambling pioneer dies, age 34|url=http://www.fmtech.co.za/?p=10205|publisher=FMTech|archiveurl=http://web.archive.org/web/20080803073309/http://www.fmtech.co.za/?p=10205|archivedate=3-Aug-2008}}</ref> |
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Aside from the Crystal Palace group, other RTG casinos have been the subject of criticism. The Casinomeister website maintains a list of RTG casinos, which lists several sites as 'rogue'.<ref>http://www.casinomeister.com/realtimegaming.php</ref> |
Aside from the Crystal Palace group, other RTG casinos have been the subject of criticism. The Casinomeister website maintains a list of RTG casinos, which lists several sites as 'rogue'.<ref>http://www.casinomeister.com/realtimegaming.php</ref> |
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==Software features== |
==Software features== |
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The company indicates that operators are able to choose between payout settings for their slots <ref>http://www.realtimegaming.com/GameMarketing/TheThreeStooges/ThreeStooges.htm</ref> and video poker games.<ref>http://www.realtimegaming.com/GameMarketing/FlashLooseDeuces/LooseDeuces.htm</ref> |
The company indicates that operators are able to choose between payout settings for their slots <ref>{{cite web|title=Three Stooges Marketing Information|publisher=RTG|archiveurl=https://web.archive.org/web/20091126005138/http://www.realtimegaming.com/GameMarketing/TheThreeStooges/ThreeStooges.htm|archivedate=26-Nov-2009|url=http://www.realtimegaming.com/GameMarketing/TheThreeStooges/ThreeStooges.htm}}</ref> and video poker games.<ref>{{cite web|title=Loose Deuces Marketing Information|publisher=RTG|archiveurl=https://web.archive.org/web/20090817204533/http://www.realtimegaming.com/GameMarketing/FlashLooseDeuces/LooseDeuces.htm|archivedate=17-Aug-2009|url=http://www.realtimegaming.com/GameMarketing/FlashLooseDeuces/LooseDeuces.htm}}</ref> They have expressed intentions to limit operator liability for a single game to $50,000 by default, by reducing maximum bet sizes.<ref>{{cite web|title=RTG Newsletter - Issue #37|publisher=RTG|archiveurl=https://web.archive.org/web/20100127065425/http://www.realtimegaming.com/newsletter/37thissue.html|archivedate=27-Jan-2010|url=http://www.realtimegaming.com/newsletter/37thissue.html}}</ref> |
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They have expressed intentions to limit operator liability for a single game to $50,000 by default, by reducing maximum bet sizes.<ref>http://www.realtimegaming.com/newsletter/37thissue.html</ref> |
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==References== |
==References== |
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==External links== |
==External links== |
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*[http://www.realtimegaming.com/ Official site] |
*[http://www.realtimegaming.com/ Official site] |
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*[http://casinosusa.net/online-casino-games/ List of RTG casino games] |
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[[Category:Gambling companies of Costa Rica]] |
[[Category:Gambling companies of Costa Rica]] |
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Revision as of 23:16, 30 June 2014
Realtime Gaming (RTG) is an online casino company developing download-based casino software, licensed by various operators running their own branded RTG-powered casino sites. The company was established in Atlanta, Georgia in 1998, but moved all development to Heredia, Costa Rica in 2007-2008.[1]
The company was acquired in January 2007 by Hastings International, Curaçao, Netherlands Antilles, a company managed by a corporate services provider called HBM Group. HBM Group describes itself as "the premier provider of international financial services for establishing trusts and foundations; establishing and managing legal entities; and tax and estate planning".[2]
Caribbean 21 controversy
In 2004 the company hit the news when a player won $1.3 million from a $1,000 deposit, playing Caribbean 21 for high stakes at Hampton Casino. The same player also won $96,000 at Delano casino, another RTG-powered site.
The player was accused of cheating by the casino, who said he used a robot (automated playing program), and that he would not be paid.[3] Since the game has a casino advantage (albeit a low advantage, somewhere over 0.1% [4]), the casino should still have held the edge, though good luck can overcome an edge in the short and medium-term. The details of the player's final settlement with the casino were never published. RTG subsequently limited the maximum bet size of the game to $5, before removing it entirely.[citation needed]
Operators
One of the largest RTG casino operators was the Crystal Palace group, mooted for a £140m flotation on London's AIM market in 2005.[5] The group, owned by South African Warren Cloud, made a pre-tax profit that year of £20.4m. Cloud's casinos were the subject of numerous complaints particularly over payment of players who accepted bonuses from the casino. Cloud died suddenly on his yacht off Ibiza in July 2008, aged 34.[6]
Aside from the Crystal Palace group, other RTG casinos have been the subject of criticism. The Casinomeister website maintains a list of RTG casinos, which lists several sites as 'rogue'.[7]
Software features
The company indicates that operators are able to choose between payout settings for their slots [8] and video poker games.[9] They have expressed intentions to limit operator liability for a single game to $50,000 by default, by reducing maximum bet sizes.[10]
References
- ^ http://www.realtimegaming.com/newsletter/36thissue.html
- ^ http://www.hbmgroup.com/aboutus-international-business-solutions.html
- ^ http://www.msnbc.msn.com/id/4449401 Bettor wins $1.3 million; Net casino won't pay]
- ^ http://wizardofodds.com/caribbean21
- ^ Asthana, Anushka. "Crystal chips in with £140m float". The Times. Archived from the original on 11-Jun-2011.
{{cite news}}: Check date values in:|archivedate=(help) - ^ "SA Internet gambling pioneer dies, age 34". FMTech. Archived from the original on 3-Aug-2008.
{{cite web}}: Check date values in:|archivedate=(help) - ^ http://www.casinomeister.com/realtimegaming.php
- ^ "Three Stooges Marketing Information". RTG. Archived from the original on 26-Nov-2009.
{{cite web}}: Check date values in:|archivedate=(help) - ^ "Loose Deuces Marketing Information". RTG. Archived from the original on 17-Aug-2009.
{{cite web}}: Check date values in:|archivedate=(help) - ^ "RTG Newsletter - Issue #37". RTG. Archived from the original on 27-Jan-2010.
{{cite web}}: Check date values in:|archivedate=(help)