Trusted site MagicRed, has made a costly mistake after launching their online Casino in New Zealand that caused the company to lose hundreds of thousands of Euros to its players.
This glitch has already lost them close to NZD 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 New Zealand was supposed to give up to NZD 3,500 in prizes of additional free credits to all new customers that deposited at least NZD 20 to their account. Unfortunately for them, they had a wording error in the agreement so each new customer can get up to NZD 3,500 in guaranteed prizes of free credits 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 NZD 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 NZD 35 deposit for playing, she won a Rummy game for over NZD 10,000.
Magicred‘s CEO in New Zealand, 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 New Zealander 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 Europe are claiming their free money:
1. They sign up on the MagicRed page
2. They will make a small deposit of at least NZD 20 and then use the free credits they receive to win money without a risk of losing and completely legally