Detroit Man Spends $1.5 Million At Casino After Credit Card Glitch

Detroit Man Spends $1.5 Million At Casino After Credit Card GlitchA Detroit man is in hot water after blowing $1,543,104 at the casino following a credit card glitch which allowed him unlimited withdrawals.
In August 2009, while stopping off at an ATM on his way to a Motor City casino, retired General Motors worker Ronald Page discovered he was able to make unlimited withdrawals with his cash card, despite having just a few hundred dollars in his Bank of America account.
Subsequently, the 56 year old proceeded to go on a 15 day gambling bender during which time he withdrew and gambled away $1.5 million before the bank finally realized what was happening.
Amongst the casinos which Ronald Page withdrew money from included Greektown Casino for $312,000, MGM Grand Casino for $103,000 and Motor City Casino for $514,000.
Following the incident, Mr Page has been convicted of theft and is now awaiting sentencing on June 27th. However, prosecutors are recommending a lenient sentence of 15 months in jail for Ronald Page,as they believe he “had a lapse of judgment and the bank was at fault for allowing this to happen.”
Apparently, in 2004 Ronald Page initially opened an account at LaSalle Bank, which was subsequently acquired by Bank of America in 2008. The indictment then explains that this is when the bank unlimited cash withdrawals and overdrafts error occurred.
After Bank of America discovered withdrawals ranging from $51,477 to $515,000 at various Detroit casinos cash dispensing machines, Mr Page had his cash card finally declined, before receiving a call from the bank demanding immediate repayment. Thus far, as the indictment explains “no money has been returned to the bank.”
Cases of cash dispensing machines going wrong are not rare and happen all around the world. In 2009, a gas station in Greater Manchester, UK, started handing out double the money requested after being incorrectly loaded by a Nationwide contractor. It was then swamped by hundreds of customers before the glitch was discovered by which time around £10,000 in extra money had been paid out. As a Nationwide contractor commented at the time:
“It is disappointing no one reported the matter earlier in the day when lots of people were aware and it is disappointing some people were deliberately using the machine to take extra money. Legally, recipients of payments made by mistakes are not entitled to benefit from it.”

Other news:   Impact of Resorts World Manila Closure

Poker News
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this
Virginia Poised For Historical Gambling Expansion
11 May 2018
Virginia is among the country’s more conservative states when it comes to gambling, and for many decades has resisted the allure and revenues that the industry might bring. In the 1990s, for instance, its legislature turned down a push for riverboat gambling, and the following decade Internet gambling cafes were outlawed. For the past five