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Article - MegaMoolah Win

Discussion in 'The Attic' started by Nate, Oct 22, 2011.

    Oct 22, 2011
  1. Nate

    Nate Ueber Meister CAG webmeister

    Occupation:
    Monster
    Location:
    Cyberspace
    Mega Moolah, the casino slot game powered by gaming software provider Microgaming, lived up to its name today when it had its jackpot hit by a CasinoRewards.com player. The lucky son of a gun won a life-changing figure of €3.84m – that’s £3.4 million for Brits or $5.5 million for the Yanks.

    Whoever struck it lucky on the slots will be able to reap the rewards sooner than they think. According to an announcement by Microgaming, the amount won will be paid out in full in a lump sum, so that the CasinoRewards.com player can “enjoy the winnings immediately”. Yeehaw!

    The release also states that the winning is of a highly unusual amount in an industry that typically adopts staggered annuity payments. We’re sure this will only attract new people to the site though, so it will only work in Mega Moolah’s favour.

    It’s not the first time a player at CasinoRewards.com has made mega moolahs. In 2008, another CasinoRewards.com player hit the jackpot, with a €3.5m win (that’s £3.1 million or $4.6 million). This made them the second biggest ever winner in the 11 year CasinoRewards.com online casino group history.

    According to Microgaming, their Progressive Jackpot Network has paid out £300m since it began in 1999, and the total across all jackpots currently stands at a whopping £3.5 million. Moolah mania!

    Source: You must register/login in order to see the link.

    Nate
     
    4 people like this.
  2. Oct 22, 2011
  3. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    Cool, I was going to ask if anyone knew where it was won. I bet they were playing LOTR too.
     
  4. Oct 22, 2011
  5. rainmaker

    rainmaker I'm not a penguin CAG webmeister

    Occupation:
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    Thanks for the article Nate :)


    I read their statement a couple of days ago and I reacted on this sentence (from Microgaming`s original press release) :

    "The amount will be paid out in full in a lump sum, so that the CasinoRewards.com player can enjoy the winnings immediately; this is highly unusual in an industry that typically adopts staggered annuity payments."

    I think it is strange that they use the term highly unusual. Several of the largest game providers will pay major jackpots in full without installments. For example Net Entertainment who recently payd out the €11 mill jackpot in full.
     
    Last edited: Oct 22, 2011
  6. Oct 23, 2011
  7. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    Cryptologic also used to be good about full payment - they haven't had a really big hit for awhile but I'm sure that policy prevails.

    On the other hand, does anyone remember the last payout hassle at a Playtech casino, where it proved impossible to get a direct answer on whether Playtech licensees paid out in full?

    I seem to recall that the casino in that case tried to make ridiculous deals with the player, using the threaat of prolonged monthly payments to try and leverage an agreement to accept a lower payout.

    There was all sorts of speculation about whether the licensee was claiming the full progressive from Playtech, but then trying to screw the player on the amount the casino actually paid out.
     
    1 person likes this.
  8. Oct 23, 2011
  9. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    Location:
    Edmonton Canada
    There was a Playtech casino that tried to do that on Ray's win - it wasn't a huge jackpot either. But Bryan and Max dealt with them and he got a check for the full amount. :thumbsup:
     

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