Mega Moolah Jackpot has been won!

[handkey]

6,374,434 to begin with
- 5,705,866 (6,374,434 = 5,705,866)
= 668,568 remaining in the pot

6,374,434 = 5,705,866


???????????????

 

[Dave]

6,374,434 = 5,705,866

Oops. The currency symbols should be switched around -- it should say 6,374,434 = 5,705,866. I have edited the original post.

 

[Jasminebed]

hmmm....I wonder if he's single.....

Not for long, lol. I do hope that that this winner qualifies for his amazing win, and didn't hit off some kind of free chip. At least with MG progressives, MG will pay the winner, not leave it up to the casino to do so.

MegaMoolah is one of my very favourite games, and I've hit that 3rd level jackpot quite a number of times, and had some nice wins from the freespins as well.

One of my all time favourite CM posts is Wanda5's love affair with the beast.https://www.casinomeister.com/forums/threads/relationship-advice-needed-adults-only-please.22310/

 

[hitobito2005]

Thanks Dave, I hadn't considered the reset value from the lower payout could be below the seed level. I bet MG were happy they didn't have to reseed the whole 1m!

 

[winbig]

Thanks Dave, I hadn't considered the reset value from the lower payout could be below the seed level.

Me either...LOL

Maybe we should delete this thread and start over from scratch, cause it's been so discombobulated!!!

(yes, it's a word)

discombobulate - confuse: be confusing or perplexing to; cause to be unable to think clearly; "These questions confuse even the experts"; "This question completely threw me"; "This question befuddled even the teacher"

Or, in better terms, it's become totally FUBAR!

 

[jetset]

This interesting conversation on exchange rates and re-seeding aside, I believe this thread is primarily about one lucky son-of-a-gun player in Greece (?) who has set a new record in online progressive jackpot wins.

That's truly something to celebrate and remark upon, and I'm sure we'll be reading a lot more about this.

Hopefully the publicity will be centred on the winner, and not on how glorious the online casino at which he won it is.

Any way you look at it - this is a helluva lot of money that can make a major difference to the winner's life - in a good way if handled correctly.

 

[Casinomeister]

That's not a "press release" but a "ad copy release"

Freaking pathetic. It doesn't give any press worthy material, just a blah blah blah we're so great blah blah blah ad copy.

And if it was "won" at a Casino Rewards casino, that player needs to ensure that the jackpot is paid in one lump sum or something close to it. It was a Casino Rewards casino that tried the ol' "pay you x amount every month" scheme to a player's progressive win a few years ago. When MGS found out about it, the casino paid up in full. It's somewhere here in the forum.

 

[jetset]

I believe it was won at Riverbelle (see earlier posts)

But your point on too much casino puffery and not enough winner's story in some of the so-called press releases on progressive wins is spot on!

 

[Pinababy69]

That's not a "press release" but a "ad copy release"

Freaking pathetic. It doesn't give any press worthy material, just a blah blah blah we're so great blah blah blah ad copy.

And if it was "won" at a Casino Rewards casino, that player needs to ensure that the jackpot is paid in one lump sum or something close to it. It was a Casino Rewards casino that tried the ol' "pay you x amount every month" scheme to a player's progressive win a few years ago. When MGS found out about it, the casino paid up in full. It's somewhere here in the forum.

This is the one you mean I think Bryan. Well worth a read considering what's going on with Rival and Playtech right now. At least I'm fairly confident this guy will get his money in one lump sum, as he should.

https://www.casinomeister.com/forums/threads/major-millions-progressive-screenshot-win.13184/

Congrats to the winner, and be thankful you were playing at an MG casino.

 

[Tengil]

He was also lucky to win it at Bellerock. Licensed in Gibraltar (EEA) which means he doesnt have to pay any tax on his win. The Finn who won it last year was facing a close to 60% tax on his win.

 

[Casinomeister]

I believe it was won at Riverbelle (see earlier posts)

But your point on too much casino puffery and not enough winner's story in some of the so-called press releases on progressive wins is spot on!

Yeah, I was a bit too busy this morning and missed the last three pages of postings

This is the one you mean I think Bryan. Well worth a read considering what's going on with Rival and Playtech right now. At least I'm fairly confident this guy will get his money in one lump sum, as he should.

https://www.casinomeister.com/forums/threads/major-millions-progressive-screenshot-win.13184/

Congrats to the winner, and be thankful you were playing at an MG casino.

Yep, he's lucky. An MGS casino and a top brand with solid licensing.

 

[GrandMaster]

He was also lucky to win it at Bellerock. Licensed in Gibraltar (EEA) which means he doesnt have to pay any tax on his win. The Finn who won it last year was facing a close to 60% tax on his win.

That was Finnish tax law. The current winner is apparently from Greece, so Greek tax law will apply. In the UK gambling winnings are tax free (unless you are deemed to be a professional gambler) regardless of the source.

 

[hitobito2005]

That was Finnish tax law. The current winner is apparently from Greece, so Greek tax law will apply. In the UK gambling winnings are tax free (unless you are deemed to be a professional gambler) regardless of the source.

Nope there is never any tax on gambling winnings in the UK, professional gambler or not:

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[jetset]

Update

Here's the full press release from Riverbelle (Carmen Media)


I would rather have seen a comment or two from Georgios than the CEO of the casino group!


GIBRALTAR

May 12

Player Strikes it Lucky With a Win of Over EUR6.3 Million at River Belle Online Casino!

River Belle Online Casino has given Europe its latest millionaire with a win of over EUR6.3 million by longtime River Belle player Georgios M. on the Mega Moolah Progressive Slot Machine!

With a "passion for slot machines" Georgios M. has most certainly ensured that 2009 has been a year to remember! This 36-year-old business owner, husband and father was playing the Mega Moola Progressive Slot Machine in his River Belle Online Casino Software early on Saturday evening when he hit the big one - EUR6.3 million ($8,6 million) in CASH!

The Mega Moolah slot machine has long been a favourite with River Belle and Belle Rock Entertainment casino players, and had been amassing a huge progressive jackpot over the past few months.

For Georgios, his date with destiny arrived when the progressive jackpot burst, making him the recipient of the largest ever Microgaming casino jackpot payout. On hearing about his win, Georgios phoned River Belle's 24/7 Casino Support line for confirmation, as in his own words he "could not believe it". River Belle's efficient support staff quickly calmed his nerves and assured him that he had indeed won over EUR6.3 million in cash.

Belle Rock Entertainment's Chairman Tim Johnson had this to say about Georgios M's amazing win, "We at Belle Rock Entertainment take the utmost pleasure in seeing our players win life-changing jackpots. It is an amazing accomplishment that for a single bet of EUR5 a valued long time River Belle player walked away with one of the largest online jackpots ever won. Well done and enjoy your winnings Georgios."

From there it's all blah, blah and blah........all about the casino.

 

[Paul@JetCasino]

Great win, I've thrown some money at that slot myself on occasions!

 

[Casinolisten]

That was Finnish tax law. The current winner is apparently from Greece, so Greek tax law will apply. In the UK gambling winnings are tax free (unless you are deemed to be a professional gambler) regardless of the source.

Greece is a part of EU so I think his winnings is tax free, because the money was won inside EU (Gibraltar)....

 

[wangpoker]

I threw $40 in the pool, not much anyway.

 

[Jasminebed]

Well, the beast is a favourite of mine, so I think my contribution is there. But at least with the MG progressives, MG itself pays the winners directly.

I've already made a few wagers for the reseeded jackpot!

 

[CasinoMac]

Mega Moolah

Hi guys,

I was playing mega moolah when the jackpot went away. The winner seems to be from greece and his name is George. If i remember correctly the jackpot it was about 6.350.000.00, and because the winner lives in greece the amount its in EURO , thats over 8 million dollars.

Let's see who will be the next

 

[GrandMaster]

Greece is a part of EU so I think his winnings is tax free, because the money was won inside EU (Gibraltar)....

It depends on Greek tax law. The only relevance of the EU is that they cannot tax it more than if it had been won in Greece.

 

[TheZodiac]

How do you get a spin on the Mega Moolah wheel? I have been trying for 3 days and over at least 2000 spins,

 

[Jasminebed]

How do you get a spin on the Mega Moolah wheel? I have been trying for 3 days and over at least 2000 spins,

The wheel comes up at random, and I believe the frequency is relative to your bet size. I have hit it on a 9 cent spins before (my last 9 cents of course), had sessions where I have seen it four times, and lots of sessions with none.

 

[CasinoMac]

The wheel comes up at random, and I believe the frequency is relative to your bet size. I have hit it on a 9 cent spins before (my last 9 cents of course), had sessions where I have seen it four times, and lots of sessions with none.

That's correct.

 

[TheZodiac]

The wheel comes up at random, and I believe the frequency is relative to your bet size. I have hit it on a 9 cent spins before (my last 9 cents of course), had sessions where I have seen it four times, and lots of sessions with none.

Tried again last night another 700 spins, mostly at the 75 cent per spin and again never got a shot at Mega Moolah wheel .... I realize I likely won't win but geez give me a shot .. I'm playing at All Slots maybe I'll switch to 32Red or some other casino.

 

[Tengil]

I remember once I wagered some +15k on it with max bet and got the wheel once. It paid the smallest which was less than 2 scatters. Managed to squeeze over 1,5k from it tough. Havent pretty much played it since that, its so boring with freespins that seems to pay max 35xbet.

Wonder if they pay taxes on B&M casino wins in Greece?