Trusted site MagicRed, has made a costly mistake after launching their online Casino in Canada that caused the company to lose hundreds of thousands of Euros to its players.
This glitch has already lost them close to CAD 1 Million in cash prizes and the loss is going to continue to increase until when their new customer agreement takes effect.
What Exactly Happened?
Thomas Hummel, an experienced Casino player who was one of the first players to discover the loophole explains:
“MagicRed new promotional campaign for new customers in Canada was supposed to give 125 free spins to all new customers that deposited at least CAD 20 to their account. Unfortunately for them, they had a wording error in the agreement so each new customer can get up to 125 guaranteed free spins based on the amount of their first deposit.
As a result, people are using the free credits and hitting jackpots that are costing Magicred heavily. What is making matters even worse for the company is that there is no way for them to fix it due to the strict gambling laws in Canada which require Casino companies to notify at least 7 days in advance before changing their terms and conditions. So getting these bonuses for free is completely legal.”
Thousands of Winners
One company’s mistake can be incredibly profitable for everyone else. One lucky woman, 26-year-old, registered with Magicred and claimed the free welcome bonus and after making her first CAD 35 deposit for playing, she won a Rummy game for over CAD 10,000.
Magicred‘s CEO in Canada, Stuart Rogers was fired immediately after the incident and the new manager Phillip Halstead has a lot of fixing to do. Halstead responded to our inquiry via email, “This has been a very unfortunate and costly mistake for the company but we have to learn from it and move on. The Canadian market is very important to us and we are here to stay even after this costly error for the company.”
Here is how people from Canada are claiming their free money:
1. They sign up on the MagicRed page
2. They will make a small deposit of at least CAD 20 and then use the 125 free spins they receive to win money without a risk of losing and completely legally