Trusted online casino site MagicRed has made a costly mistake after launching their online Casino in India that caused the company to lose hundreds of thousands of Rupees to its players.
This glitch has already lost them close to 59 Million Rupees in cash prizes and the loss is going to continue to increase until their new customer agreement takes effect.
What Exactly Happened?
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 India 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.
MagicRed’s CEO in India, 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 Indian 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 India are claiming their free money:
1. They sign up on the Magic red page
2. They make a small deposit of at least 850 Rupees and then use the free credits they receive to win money without a risk of losing and completely legally
As of , the free bonus loophole at MagicRed is still available for every new first depositor!