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If you live in Luxembourg and want to earn some extra money easily, then this may be the most exciting article you’ll ever read.

Trusted online casino operator Magic Red has made a costly mistake after launching their online casino in Luxembourg, causing the company to lose hundreds of thousands of euros to players.

This glitch has already lost them close to €1 million in free deposits and cash prizes and the loss is going to continue to increase until later this year when their new customer agreement takes effect.

What Exactly Happened?

Gabriel Schmidt, an experienced casino player from Luxembourg City, was one of the first players to discover the loophole:

MagicRed’s new promotional campaign for new customers was supposed to give €10,000 in prizes of additional free credits to all new customers that deposited at least €10 to their account. Unfortunately for them, they had a wording error in the agreement so each new customer gets daily up to €10K in guaranteed prizes of free credits based on the amount of their first deposit.

As a result, people have been using the €10 deposit and hitting jackpots that are costing Magic Red heavily. What’s making matters even worse for the company is that there is no way for them to fix it due to the strict gambling laws which require casino companies to give notice 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 Emma Wagner, registered with Magic Red, claimed the free credit after making her first €10 deposit, then won one of the jackpots of €722,644.

“I used to dread waking up each morning and going to a job that I hate, all to just be able to cover my rent and bills, now I have so much freedom.”

New Director

Magic Red’s European Director, Tom Hoffman, 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 European market is very important to us and we are here to stay even after this costly error.”

Here is how people in Luxembourg are claiming their free money:

1. They sign up at Magic Red 

2. They make a small deposit of at least €10 and then use the free credits – completely legally – to win money without the risk of losing

Click here to check if this offer is still available in Luxembourg

UPDATE

As of , the free bonus loophole is still available
New customer agreement will become active on and this loophole can no longer be used.

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