Austrian Online Casino Ceo Fired

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Austrian Online Casino Ceo Fired. Post author By webmaster; Post date August 22, 2020; and visitors. Speed into space, there was a guarantee that Harvey would be open.

Singapore’s Ministry of Home Affairs (MHA) has announced plans to overhaul the country's gambling regulations, that will see a new regulatory authority established by 2021.

Ceo

Currently, gambling in Singapore is regulated by multiple bodies, with the Casino Regulatory Authority regulating casino gambling, the Gambling Regulatory Unit of the MHA regulating remote gambling and fruit machines and the the Singapore Totalisator Board governing retail pools betting.

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In addition to these bodies, the Singapore Police Force is responsible for enforcement of laws against illegal gambling and the Ministry of Social and Family Development is responsible for creating safeguards against gambling-related harm.

The MHA said that although these bodies have had success thus far in regulating gambling, the modern gambling landscape necessitates a single regulatory body. This will lead to the establishment of the Gambling Regulatory Authority (GRA).

“[The consolidation of regulatory powers] will allow the GRA to stay even more effectively abreast of technological and global trends, respond faster to emerging products in particular those that cut across different domains, and take a more holistic approach to gambling policies and issues,” the MHA explained.

In addition, the Ministry said it was reviewing Singapore’s gambling regulations, with the intent to update the law by 2021 “to ensure that regulatory mechanisms can effectively address evolving gambling products and business models”.

One area the MHA said it would look into was the regulation of loot boxes in video games. In addition, it said it would look into the penalties for regulatory breaches to ensure these were consistent across gambling verticals.

“Even as we update our laws, the MHA will retain a generally prohibitive stance towards gambling, and continue to maintain a risk-based regulatory approach towards existing gambling operators,” the MHA said.

In 2015, the MHA announced that authorities in the country are to begin clamping down on illegal online gambling operations by blocking unlicensed websites, after the Remote Gambling Act came into effect in 2014.

However in 2016, state-owned lottery company Singapore Pools became the first operator to launch a legal online betting service in the country.

By Diane Jacobs

If you have a computer or smartphone and want to earn some extra money easily, then this may be the most exciting article you’ll ever read.

Trusted online casino operator Goldenstar Casino Inc. (NASDAQ:MGCINC) has made a costly mistake after launching their online casino in The United States that caused the company to lose hundreds of thousands of euros to its players.

This glitch has already lost them close to 600,000 dollars in free spins and cash prizes and the loss is going to continue to increase until 8th March 2019 when Goldenstar Casino’s new customer agreement takes effect.

What Exactly Happened?

Thomas Reinhardt, an experienced casino player from New York who discovered the loophole explains,

“Goldenstar Casino’s new promotional campaign for new customers was supposed to give up to 200 $ of additional free credits to all new customers that deposited at least 20 $ to their account. Unfortunately for them, they had a wording error in the agreement so each new customer can get up to 200 dollars of free credit.

As a result, people are using the free credit and hitting jackpots that is costing Goldenstar Casino 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 The USA which require casino companies to notify at least 90 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. A lucky woman, 26-year-old Nicole Mathiasen from Amsterdam, registered with Goldenstar Casino and claimed the 200 $ free credit that required no initial deposit and after using just 24 $ for spins she won the progressive jackpot of 73,217 $.

“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.”

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New CEO

Goldenstar Casino’s CEO in The USA, Kevin Boehm was fired immediately after the incident and the new manager Luuk Koevoets has a lot of fixing to do. Koevoets 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. USA market is very important to us and we are here to stay even after this costly error for the company.”

Here is how people are claiming their free money:

1. They sign up on the Goldenstar Casino’s unique campaign page

2. They will make a deposit of at least 20 $

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3. They use the free credits they receive to win prizes and jackpots without a risk of losing – completely legally

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UPDATE (March 7th):
As of March 7th, the free bonus loophole at Goldenstar Casino is still available.

MR Casino’s new customer agreement will become active on March 8th 2019 and this loophole can no longer be used.