India Online Casino CEO Fired After a $700,000 Mistake
|By Kyra Arshi|
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 Grand M Casino has made a costly mistake after launching their online casino in India that caused the company to lose hundreds of thousands of pounds to its players.
This glitch has already lost them close to $600,000 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?
Raj Ramjee, an experienced casino player from Hyderabad who was on of the first player to discover the loophole explains,
"Grand M's new promotional campaign for new customers in India was supposed to give 100% of additional free credits to all new customers that deposited at least $10 to their account. Unfortunately for them, they had a wording error in the agreement so each new customer can get up to 150 free spins for a $10 first deposit.
As a result, people are using the free credit and hitting jackpots that is costing Grand Mondial 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. One lucky woman, 26-year-old Sena Shevade from Mumbai, registered with Grand M and claimed 150 free slot spins after depositing just $10 and won the progressive jackpot of $75,000.
"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."
Grand M's CEO in India, Peter Newsted was fired immediately after the incident and the new manager Hayden Connor has a lot of fixing to do. Connor 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. 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 INs are claiming their free money:
1. They sign up on the Grand Mondial campaign page
2. They will make a deposit of at least $10 to verify their account and then receive 150 free spins to win money - completely legally
I just saw this on the news. Just crazy that they made such error!
I live in India. A friend of mine told me about this opportunity. I have tested it a few hours ago and i can confirm that this loophole still exists. I got $100 of free credits and won $312 with my nineth spin :D. Get it while it lasts!
My friend told me about this the other day and I thought he was joking. Can't believe this is actually true. I'm going to give this a shot. With all the scams online it's hard to find a legit offers now a days.