I received this email for the second time. The first time, I was, indeed able to redeem $10 and played for a few minutes. (Where is that thread, anyway?) I check again, after this newest email, and indeed they have added more points. I now have $20 in points total, but
You can cashin 0 VIP Points for Casino Chips!.
I am assuming, because I haven't deposited there in eons. 
And regardless of the email Subject also stating a $50 sign up bonus for Yukon Gold -- where I already have an account, btw -- they're not getting any of my money.
Alice: But I don't want to go among mad people.
The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
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