Trusted casino site Magic Red, has made a costly mistake after launching their online Casino in the Netherlands that caused the company to lose hundreds of thousands of Euros to its players.
This glitch has already lost them close to 1 Million Euro in free spins and cash prizes and the loss is going to continue to increase until when their new customer agreement takes effect.
What Exactly Happened?
Michael Meyer, an experienced Casino player from Tilburg who was one of the first players to discover the loophole explains:
“The Magic Red’s new promotional campaign for new customers in Netherlands was supposed to give 20% Bonus up to €50 to all new customers that deposited at least €10 into their account. Unfortunately for them, they had a wording error in the agreement so each new customer who deposits at least €10 can get 200% BONUS UP TO €500.
As a result, people are using the €10 deposit and hitting jackpots that are costing the online casino 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 the Netherlands 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 Magic Red and claimed the free welcome bonus and after making her first €20 deposit for playing, she won the Slot Jackpot of €722,647. “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.”
MagicRed’s CEO in Netherland, 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 Netherland 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 the Netherlands are claiming their free money:
1. They sign up on the MagicRed Netherlands page
2. They will make a small deposit of at least 10€ and then use the free credits they receive to win money without a risk of losing and completely legally