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India’s Online Casino CEO Fired After a 50,000,000 INR Mistake If you live in India and want to earn some extra money easily, then this may be the most exciting article you’ll ever read. Trusted online casino operator Europa Casino Inc has made a costly mistake after opening their service in India that caused the company to lose millions.
Update 10-9-2020: The fake article is still available but now they have changed the casino from LeoVegas to Europa Casino.
Update 5-5-2020: The fake article is still live and now features “personal interviews” with winners of the scam.
Update 17-03-2020: The fake news scam is still active in India however it features different bonus amounts.
Update 11-06-2019: I found out the same news article can be found at Scoops of Today. Depending on which article you’ve read, you will see different bonus amount advertised for the loophole.
A former manager of VIP gaming at River Rock Casino and Resort in Richmond believes he’s being set up as the “fall person” – claiming his recent termination was a means to muzzle him ahead of a public inquiry into money laundering and deflect responsibility for any such allegations from his superiors. When you top up your LeoVegas online casino account from India for the third time, you will get a match bonus of 25%. Goldlen nugget ac online casino login. As usual, the maximum bonus you can get is Rs.10,000. For instance, if you make a deposit of Rs.1,000, LeoVegas will match your deposit with Rs.250.
G2G busts the CEO mistake news fraud
The latest in the chain of fake CEOs getting fired is non other than Europa Casino. If you haven’t red this article before allow me to fill you in.
Online Casino India Ceo Fired Job
A fake news article has been circulating on Indian websites since the beginning of 2019 claiming that a CEO of an online casino has made a huge mistake giving away several lakh to players all over India.
Sadly, this is not true. It is a complete lie that has been used on several casinos such as LeoVegas and Genesis.
Best Slots to play at Online Casinos, Rainbow Riches is one of the most famous of all slots; why people like to play game over & above others. For your third and final cash deposit for your LeoVegas India bonus package, the casino will add a 25% match to your deposit amount. So, this time around, if you make a deposit of Rs1,000, the casino will add an extra Rs250 to your account. You will notice that all three segments of the LeoVegas Welcome Package will add up to a total of Rs30,000. Canadian Casino CEO Fired After a $700,000 Mistake. Jason Hodge - November 21, 2019. Trusted online casino operator.
So if you are looking for a Europa Casino India mistake, glitch, loophole, error or whatever else you want to call it I have to tell you, there is none.
As for the fired Europa Casino CEO – he is not fired and his name isn’t even Peter Newsted.
You can read the rest of the article below that was written in January to find exactly why it is a fraud.
Previous Fake News
The other day I found an article from Todays Post about the CEO of the online casino LeoVegas being fired. It was due to some kind of loophole in their Terms & Conditions which enabled Indian players to register a new account and get free credits.
The Swedish online casino had apparently lost 46 million Rupees due to the loophole.
But there was something fishy going on in that article. I and my team at G2G decided to take an in-depth look at the loophole ourselves. There was a lot of things which did not make sense.
First of all, the bonus offer is incorrectly written. The welcome bonus for new customers is Rs. 80,000 and not 30,000 as mentioned in the news article. Trust me, I have written a review of 3600 words about LeoVegas.
Second, the bonus terms and conditions are so unbelievably stupid that I just don’t buy it. No CEO or middle manager can be that stupid and miss it.
Third, this type of scam article is something the casino has been targetted before. Earlier in 2020, someone faked a Mega Moolah winner at the same casino.
Fourth, I have seen the EXACT same fake article saying the CEO of Genesis Casino was fired. because of a bonus loophole.
So, it’s time to get this straight once and for all, because I like the website and it’s a good casino & Sportsbook for Indian players. They constantly update their gaming offering for Indians and recently launched the widely popular card games Teen Patti & Andar Bahar.
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Online Casino India Ceo Fired Today
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The original scam article at Todays Post suggests a bonus of Rs. 30,000. The truth is 80,000 which is visible as soon as you land on their website here.
The screenshot was taken 5th of March 2020 of the welcome promotion
As you can see on the page, and the screenshot above, is that either if you choose the slot machine bonus or the live casino bonus you will redeem Rs. 80,000 extra money to gamble for. The welcome offer is divided into a 3-tiered ladder which means you must deposit 3 times to reveal the full bonus.
It surprised me to see how this article promised you Rs. 30,000 when making a minimum deposit, based on some kind of flaw in their Terms & Conditions.
The bonus T&C’s are really clear and it says that the casino will match the amount you choose to deposit. If you deposit Rs. 10,000 you’ll get 10,000 free credits to play for.
Another flaw in the scam article is how they have chosen to convert the minimum deposit amount. It says €10 converts to Rs. 800, which is true in its sense, but at the Swedish casino €10 converts to Rs. 1000. Another homework flaw by the author.
The biggest scam of it all is though how they choose to exemplify with a person named “Abdullah Khan” from Al Wakrah (which is a city in Qatar) who was playing with Indian Riyals. Indian… Riyals…?
Wtf is that!?
Obviously, the author of the loophole article must’ve been drunk when mixing up the currencies from India and Qatar.
Who is Peter Newsted?
In the loophole scam article they mention that the CEO of the casino, Peter Newsted got fired. When I did my research for the review I never saw his name among stakeholders or directors in the company. This was in February 2019 and now when I checked again (May 2020) I still could not find any traces about Peter Newsted.
So, nobody has been fired for presumptive loopholes. Neither in India, Canada or Qatar for that sake. Poor Peter.
However, below is a photo of the REAL CEO who is named Gustaf Hagman. Apart from being the CEO he also founded the company in 2011.
The real CEO of the Swedish online casino accused of fake Terms & Conditions.
Be careful what you read on the internet
I have experience from the online gambling industry and I have seen this type of fake news being published to promote casinos on the internet. Not only in India.
The reason why I started Guide2Gambling was just for this sake: to shed light on deceptive marketing methods and fraudulent behaviour.
Important to say is that the online casino had no clue about this article being published.
So why did Today Post write this article?
Well most likely because the author has signed up through a “refer a friend” system. So every time someone registers at the casino from his article he will earn money. I can’t tell for sure because I have not yet been able to get in contact with Todays Post. I commented on the article and sent an email. No response.
5 Steps to start playing with the real bonus offer
Online Casino India Ceo Fired Employees
Now when I have busted the loophole bonus offer I want to show you how to start playing with the real promotion.
- Go to their website hereand choose 1 out of 3 different bonuses: Casino bonus (for slots), Live Casino bonus (for Live Casino games) or Sports bonus (for sports betting).
- Fill in email, password & phone no. You will receive an OTP which you have to use in Step 4.
- Fill in your full name, address and date of birth. It is very important that you use your real details, otherwise, you will not be able to make a deposit. The name of your account must match the name of your Aadhar card.
- Type in the OTP code.
- Wait 1 minute and your bonus will be activated. Now you can make a deposit of a minimum of Rs. 1000 to activate your free credits. The amount you deposit will be matched by 100%.
Good luck and welcome back to G2G where we continue to make online casino easy and transparent for Indian players!
Online casino operator Europa Casino recently launched online casino operations in India.
However, the company landed in trouble after Europa Casino’s CEO in India, Thomas Gibbs, mistakenly goofed up in legal agreement relating to gambling.
Online Casino India Ceo Fired News
This lead to loss of Rupees 5 Crore to the company on its inaugural week.
Vishal Doshi, from Banaglore discovered the loophole and explained that, “Europa Casino’s new promotional campaign for new customers in India was supposed to give up to 7000 Indian rupees (INR) free credits to all new customers who deposited at least 1000 INR to their account. Unfortunately for them, they had a typo in the agreement where the campaign had 7000 INR instead of the intended 1000 INR bonus so each new customer can get up to 7000 Indian rupees of free credits after depositing at least 1000 INR to their account”, reported Finance Times.
Now people are exploiting this loophole and are making themselves rich. The correction in the policy would require at-least 7 days notice according to laws in India. Till then, the company cannot do anything.
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Gibbs was fired immediately after the loophole was discovered.