The LeoVegas Loophole SCAM: “Casino CEO fired after bonus mistake”
(Article updated 10-05-2019, see proof of screenshot from LeoVegas support in the bottom.)
G2G busts the LeoVegas CEO news fraud
The other day I found an article from Todays Post about the CEO of the online casino LeoVegas being fired. It was due to some kind of loophole in their Terms & Conditions which enabled Indian players to register a new account and get free credits.
But there was something fishy going on in that article. I and my team at G2G decided to take an in-depth look at the loophole ourselves. There was a lot of things which did not make sense.
First of all, the bonus offer is incorrectly written.
The welcome bonus for new customers is Rs. 30,000 and not 55,000 as mentioned in the news article. Trust me, I just wrote a review of 3600 words about LeoVegas.
So, it’s time to get this straight once and for all, because I like LeoVegas and it’s a good casino & Sportsbook for Indian players. Todays Post must be some kind of fake news portal which seems to have a hidden agenda.
LeoVegas loophole casino bonus, question marks sorted out here
The original scam article at Todays Post suggests a bonus of Rs. 55,000. The truth is 30,000 which is visible as soon as you land on LeoVegas page here.
It surprised me to see how this article promised you Rs. 55,000 when making a minimum deposit, based on some kind of flaw in their Terms & Conditions.
The bonus T&C’s are really clear and it says that LeoVegas will match the amount you choose to deposit. If you deposit Rs. 10,000 you’ll get 10,000 free credits to play for.
Another flaw in the scam article is how they have chosen to convert the minimum deposit amount. It says €10 converts to Rs. 800, which is true in its sense, but at LeoVegas €10 converts to Rs. 1000. Another homework flaw by the author.
The biggest scam of it all is though how they choose to exemplify with a person named “Abdullah Khan” from Al Wakrah (which is a city in Qatar) who was playing with Indian Riyals.
Indian… Riyals…? Wtf is that!?
Obviously, the author of the loophole article must’ve been drunk when mixing up the currencies from India and Qatar.
Who is Peter Newsted?
In the loophole scam article they mention that the CEO of LeoVegas, Peter Newsted got fired. When I did my research for the LeoVegas review I never saw his name among stakeholders or directors in LeoVegas. This was in February 2019 and now when I checked again (May 5th) I still could not find any traces about Peter Newsted.
So, nobody has been fired at LeoVegas for presumptive loopholes. Neither in India, Canada or Qatar for that sake.
Conclusion: be careful what you read on the internet
I have experience from the online gambling industry and I have seen this type of fake news being published to promote casinos on the internet. Not only in India.
The reason why I started Guide2Gambling was just for this sake: to shed light on deceptive marketing methods and fraudulent behaviour.
Important to say is that LeoVegas had no clue about this article being published.
So why did Today Post write this article?
Well most likely because the author has signed up through a “refer a friend” system. So every time someone registers at LeoVegas from his article he will earn money. I can’t tell for sure because I have not yet been able to get in contact with Todays Post. I commented on the article and sent an email. No response.
However, I did contact the LeoVegas support and got an answer to the bonus.
First and foremost I wanted to know which payment methods are accepted for us Indian players, which can often be a hustle when playing online. Just for the sake of trust, I also included a screenshot of Times of India.
If you want to claim the bonus at LeoVegas, which is one of G2G’s recommended casinos, this is how you do it in 5 steps:
- Step 1 – Go to LeoVegas.com and choose 1 out of 3 different bonuses: Casino bonus (for slots), Live Casino bonus (for Live Casino games) or Sports bonus (for sports betting).
- Step 2 – Fill in email, password & phone no. You will receive an OTP which you have to use in Step 4.
- Step 3 – Fill in your full name, address and date of birth. It is very important that you use your real details, otherwise, you will not be able to make a deposit. The name of your LeoVegas account must match the name of your Mastercard.
- Step 4 – Type in the OTP code.
- Step 5 – Wait 1 minute and your bonus will be activated. Now you can make a deposit of a minimum of Rs. 1000 to activate your free credits. The amount you deposit will be matched by LeoVegas.
Good luck and welcome back to G2G where we continue to make gambling easy and transparent for Indian punters!
Get up to ₹30,000 in Welcome Bonus
» Accepts INR
» 24/7 Live Chat
» Great odds on IPL
» Choose between Casino & Sportsbook