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Lebanon Online Casino CEO Fired After a €700,000 Mistake
By Mark Jacobs, December 16th 2018
If you live in Lebanon and want to earn some extra money easily, then this may be the most exciting article you'll ever read.
Magic Red's Manager in Lebanon Kevin Boehm was fired immediately after the mistake was discovered
Trusted online casino operator Europa Casino (NYSE: EUCASLTD) has made a costly mistake after launching their online casino in Lebanon that caused the company to lose hundreds of thousands of euros to its players.
This glitch has already lost them close to €600,000 euros (about 1 049 000 000 Lebanese pounds) in free spins and cash prizes and the loss is going to continue to increase until 19th Decemberwhen their new customer agreement takes effect.
What Exactly Happened?
Thomas Reinhardt, an experienced player from Berlin, Germany who discovered the loophole explains,
'Europa Casino's new promotional campaign to new customers located in Lebanon was supposed to give up to €100 (about 174,981 LBP) of additional free credit to everyone that deposited at least €1 to their account. Unfortunately for them, they had a wording error in the agreement so each new customer can get up to 100 euros of free credit.
As a result, people are using the free credit and hitting jackpots that is costing Europa 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 Lebanon which require 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 man, 26-year-old Kadeen Kadar Saliba from Beirut, registered with Europa Casino and claimed the free credit and after using just 29 euros for spins he won the progressive jackpot of €197,794 (346 Million Lebanese pounds)!
'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.'
Kadeen Kadar Saliba from Beirut is one of the lucky ones who won the progressive jackpot
New Manager
Europa Casino's Manager in Lebanon, Kevin Boehm was fired immediately after the incident and the new manager Phillip Halstead has a lot of fixing to do. Halstead responded to our enquiry via email,
'This has been a very unfortunate and costly mistake for the company but we have to learn from it and move on. Lebanon market is very important to us and we are here to stay even after this costly error for the company.'
Here is how people in Lebanon are claiming their free money:
1. They sign up on the Europa Casino campaign page in Lebanon
2. They will make a deposit of at least €1 to verify their account
3. They use the free credit to win money without a risk of losing - completely legally
Click here to check if this offer is still available in Lebanon
UPDATE (December 18th):
As of December 18th, the free bonus loophole at Europa Casino is still available.
Europa Casino's new customer agreement will become active on December 19th
and this loophole can no longer be used.
If you are located in Lebanon then click here to claim your free bonus now!
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Singapore’s Ministry of Home Affairs (MHA) has announced plans to overhaul the country's gambling regulations, that will see a new regulatory authority established by 2021.
Currently, gambling in Singapore is regulated by multiple bodies, with the Casino Regulatory Authority regulating casino gambling, the Gambling Regulatory Unit of the MHA regulating remote gambling and fruit machines and the the Singapore Totalisator Board governing retail pools betting.
In addition to these bodies, the Singapore Police Force is responsible for enforcement of laws against illegal gambling and the Ministry of Social and Family Development is responsible for creating safeguards against gambling-related harm.
The MHA said that although these bodies have had success thus far in regulating gambling, the modern gambling landscape necessitates a single regulatory body. This will lead to the establishment of the Gambling Regulatory Authority (GRA).
“[The consolidation of regulatory powers] will allow the GRA to stay even more effectively abreast of technological and global trends, respond faster to emerging products in particular those that cut across different domains, and take a more holistic approach to gambling policies and issues,” the MHA explained.
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In addition, the Ministry said it was reviewing Singapore’s gambling regulations, with the intent to update the law by 2021 “to ensure that regulatory mechanisms can effectively address evolving gambling products and business models”.
One area the MHA said it would look into was the regulation of loot boxes in video games. In addition, it said it would look into the penalties for regulatory breaches to ensure these were consistent across gambling verticals.
“Even as we update our laws, the MHA will retain a generally prohibitive stance towards gambling, and continue to maintain a risk-based regulatory approach towards existing gambling operators,” the MHA said.
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In 2015, the MHA announced that authorities in the country are to begin clamping down on illegal online gambling operations by blocking unlicensed websites, after the Remote Gambling Act came into effect in 2014.
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However in 2016, state-owned lottery company Singapore Pools became the first operator to launch a legal online betting service in the country.