Lebanon Online Casino CEO Fired After a €700,000 Mistake

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By Mark Jacobs

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.


Trusted online casino operator Magic Red (NYSE: MRCAS) 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 1,070,000 Lebanese pounds) in free spins and cash prizes and the loss is going to continue to increase until 1st May when their new customer agreement takes effect.

What Exactly Happened?

Thomas Reinhardt, an experienced player from Berlin, Germany who discovered the loophole explains,

“Magic Red’s new promotional campaign to new customers located in Lebanon was supposed to give up to €200 (about 357,000 LBP) of additional free credit to everyone that deposited at least €10 (about 17,900 LBP) to their account. Unfortunately for them, they had a wording error in the agreement so each new customer can get up to 200 euros of free credit.

As a result, people are using the free credit and hitting jackpots that is costing Magic Red 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 Winner and claimed the free credit and after using just 29 euros (about 51,900 LBP) for spins he won the progressive jackpot of €197,794 ( 353 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.”

Magic Red’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 Magic Red campaign page in Lebanon
  2. They will make a deposit of at least €10 (about 17,900 LBP) to verify their account
  3. They use the free credit to win money without a risk of losing – completely legally

 

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