..

Bwin Casino Goes Rogue: 'Unethical Terms for Progressive Jackpot Payouts'

Written by:
Guest
Published on:
Mar/07/2018

Big name online gambling operator bwin has been slapped with the dreaded "rogue" label this week after long established watchdog site CasinoMeister.com warned of the company's "Unethical terms for progressive jackpot payouts".

Bwin was listed in the accredited section back when they were small time – Triple-A-Casino and Betandwin. This was back in 2000/2001 – but once their heads got too big to fit through the door, they stopped participating in the forum, they started enforcing retroactive terms on their affiliates, and consequently they were dropped from the site, CasinoMeister.com noted.

What really infuriated CasinoMeister was the recent addition of this term to their Terms and Conditions:  
    10.3
You agree that the maximum amount that You may withdraw is twenty thousand US Dollars ($20,000) (or the equivalent amount in EUR or GBP currency) every 30 business days. All amounts larger than twenty thousand US Dollars ($20,000) will be paid every 30 business days until the full withdrawal amount is reached. This condition also applies to winnings of progressive jackpots

What a load of horse hockey, Casinomeister says.

They provided the following example:

At press time (5 March 2018), “Hall of Gods” is at €5 Million. If you were to win this jackpot at bwin, according to their terms and conditions, they have the right to pay you 20k per month and no more. Do the math: that means they will pay you the total amount in 250 months = 20 years = rogue BS.

- Gilbert Horowitz, Gambling911.com

 

Gambling News

Sports Betting, Events Odds and Previews: Preakness Stakes Overnight Odds

This one is Epicenter's race to lose after finishing 2nd in the Derby. 

MiamiCoin Loses 95% of its Value in Wake of Crypto Bloodbath

MiamiCoin Loses 95% of its Value in Wake of Crypto Bloodbath

Even with most of the Miami commissioners jumping on board the crypto bandwagon, its Mayor is the only one who has provided his full support for MiamiCoin, and that could prove costly as investors get taken for a ride.

How Much Will The "Bought" Texas A&M Aggies Pay Out With a CFP National Championship Win 2023?

How Much Will The "Bought" Texas A&M Aggies Pay Out With a CFP National Championship Win 2023?

Texas A&M football coach Jimbo Fisher is outraged over allegations made by Alabama head coach Nick Saban, who claims Texas A&M "bought every player" in its vaunted 2022 recruiting class.  That class has helped propel the Aggies to the 5th shortest CFP champion favorites.

Space XXX: Sex Harassment Accusations Lodged Against Musk Add to Betting Markets

Space XXX: Sex Harassment Accusations Lodged Against Musk Add to Betting Markets

The billionaire reportedly exposed his penis to a SpaceX flight attendant and offered by buy her a horse.  They paid for her silence.

Early Spreads on the 2022 College Football Season Weeks 0 and 1

Early Spreads on the 2022 College Football Season Weeks 0 and 1

We are exactly three months and eight days away from the kickoff of the 2022 college football season as of May 19.

Syndicate