If you are based in India and into the domain of earning from the internet then this is an interesting piece for you. A trusted online casino operator called LeoVegas Inc, the NASDAQ and CSNRM listed company seems to have made a huge mistake while launching the online casino in India. This has caused the company to lose a whopping amount that has gone to around 46 millions of Rupees to its players. With this the company has lost around 80,000,000 INR in the form of free spins along with the cash prizes. This will however is going to boost up in the coming years as their customer agreements would come in the effect.
So, what really happened? A big question to pose. It all started when a casio player from Hyderabad called Azam Sabha who senses the loophole claims the new promotional campaign of the company – LeoVegas for its new consumers in India that was supposed to offer 3,000 INR of the additional free credits to its current and new customers who all have deposited around INR 800 or more. Unfortunately with this, they seemed to have encountered a wording error that came in the agreement with the current customer base who seems to have completed their first deposit who can can get 30,000 INR Bonus.
With this, the people are seen now using only the free credit and thus hitting the jackpots that has cost the company a lot of money. To make things worse the company now has reached to a position that it cannot fix the issue all thanks to the stringent gambling laws that ask the companies to put notices in week’s time in advance before it ends up changing their terms and conditions. Hence finding these bonuses free of cost would turn completely legal.
This has therefore brought thousands of winners in the game, all thanks to the sole mistake made by the company that seems to have cost the company millions. The players are simply doing simple steps to earn that money leading to the losses to the company. All they did was to sign up the LeoVegas followed by depositing around 800 INR or 10 Euros. Soon they end up getting around 450 Euros or around 30,000 INR as Bonus. for free spins without losing a single buck out of it and without any legal tangle.
This has led the company to fire the company CEO and we have a new chief executive officer for the company. The earlier CEO, Peter Newsted was fired in no time as the incident was reported and the next manager taking up the charge has to do a lot of fixing things. Talking about the same, the new manager Hayden Connor claimed that the loss has been whopping to the company with the blunder taking place in the game. The players from the Indian market seems to have made a lot of bonuses with the money. However, despite all the losses the company has bear with the Indian market, they are still willing to stay here for obvious reasons..