Cantor Gaming - affiliate of global financial
services company, Cantor Fitzgerald - has issued a press
release announcing they will no longer conduct currency
conversions just at the time of withdrawal requests made
at their online casino and gaming sites, including
Cantor Casino, Cantor Poker and Cantor Financial Odds.
To the online gambler who doesn't know what this
entails, don't fret. This is actually a very good thing.
First off, if you're from the U.S., don't concern
yourself with Cantor Casino, 'cause guess what? You
can't open an account there. However, if you reside
anywhere in Europe, well then, get out your Euros.
Instead of just offering currency conversions at the
time of withdrawals, Cantor says they will be allowing
players to wager in their currency of choice.
Why is this such a huge deal you ask? Well, what most
online gamblers don't even know is that although they
can deposit funds with their currency of choice (most
often British Pounds, Euros or Dollars), many online
casinos use a default currency for placing wagers. In
other words, a player who deposits British Pounds will
have to view his or her account balance in the default
currency, which is most often in Dollars.
Generally, the online casino cashier would simply
convert the play balance back into the initial deposited
currency when a withdrawal request is made. Obviously,
this has the potential of getting confusing, and so
Cantor decided it made good sense to keep currency
uniformity across their entire software platform.
A spokesperson for Cantor Gaming said that with the
rise of European players frequenting their online
betting sites, there has been a growing demand for a
true "Euro" betting account. Considering that, in
addition to credit cards, Cantor accepts deposits
through two of the most widely used eWallets in Europe -
Neteller and MoneyBookers - prospective bettors are
going to be even more tempted to open real money
accounts at Cantor Casino.