WARREN CLOUD: Crystal Gaming casino group to float, but a very poor investment

It recently came to public attention at Casinomeister that the Warren Cloud casino group is to be floated on the Alternative Investment Market in the United Kingdom.

This is an investment I heartily do NOT recommend.

1) The technique this group uses to elicit deposits any winnings from which are essentially non-payable is evidence of extremely unethical management; this alone should be enough to discourage potential investors from getting involved - read the full details in my Warren Cloud deposit trick article of a few months ago.

Nothing has changed in this regard: promotional deposits are still being elicited for casinos at which the email recipients are NOT entitled to receive promotions - I receive up to ten such emails myself every week, none of which I'm entitled to because I have ONE locked casino account (High Rollers' Lounge) out of the entire group.

This is unequivocal evidence of unethical, rogueish behaviour.

Investments in unethical, rogueish operations are bad investments.

2) Investment in untrustworthy operations is not only against the investors' interests, it doesn't help the players, either - because the fact that a casino has a listing on the Alternative Investment Market does not make it more pubically responsive.

Two years ago, Angelciti spent fully six months embroiled in controversey over disputed winnings - read the LONG discussion in the Angelciti thread at Winneronline. The fact of Angelciti's public listing did NOT help in the slightest. In fact, I believe that the apparent respectability Angelciti felt their public listing gave them PROLONGED the issue.

My guess is that the Warren Cloud casino group float will have the same outcome: the casino will NOT be more publically responsive, and the ostensible respectability gained will not make dispute resolution any easier.

This is potentially disadvantageous for both prospective investors and players.

A investment in the Warren Cloud "Crystal Gaming" casino group is one I do NOT recommend.

Post a Comment

May 2005 | June 2005 | July 2005 | September 2005 | October 2005 | November 2005 | December 2005 | January 2006 | February 2006 | March 2006 | April 2006 | May 2006 | August 2006 | October 2006 | January 2007 | February 2007 | March 2007 | May 2007 | June 2007 | July 2007 | January 2008 | February 2008 | March 2008 | April 2008 | June 2008 | July 2008 | September 2008 | October 2008 | December 2008 | January 2009 | February 2009 | March 2009 | May 2009 | June 2009 | July 2009 | August 2009 | September 2009 | October 2009 | November 2009 | December 2009 | January 2010 | February 2010 | March 2010 |