One the
biggest problems, as I stated long ago, in the online casino biz, was and
still is, under funded and poorly thought out management practices. Needless to,
this has caused many a player to have problems collecting their winnings.
Grand Virtual in a rather bold move for a provider, has written a code of
ethics that puts a great deal of responsibility on themselves to assure that
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Fiscal
Probity. In upholding their fiduciary
responsibility to be prudent and circumspect in their financial operations,
GVCA members will:
-
Ensure
that there is adequate financing available to pay all obligations to
vendors, suppliers, partners and affiliates and that sufficient working
capital is available to maintain viable, ongoing operations;
-
Maintain
sufficient cash reserves to be able to handle anticipated winning
payouts plus all legitimate withdrawals of player deposits on hand;
-
Keep
accurate records of financial activity in accordance with generally
accepted best practices within the industry;
-
Pay
legitimate winnings and account balances on demand in a timely manner.
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