The 5 million Euro Gold Rally Jackpot has been won, anybody knows where?

[dusky]

It's really bad that an amount like that can be "won" without players who have contributed to it knowing where it's gone.

 

[Borgie]

I see CasinoMeister hasn't viewed this thread yet - I'm going to alert him to see if he can find out from Playtech what happened here.

I mean, we are talking about 5 MILLION Euros of PLAYERS money just vanishing into thin air (or Playtech pockets ) - this is a VERY serious issue IMHO.

KK

Did anything come of this?

 

[rshkrn]

is there any chance that the player who won it had some sort of anonymity agreement or something.....???

 

[maphesto]

I think the money went to some upgrades in PT's office in Phillipines.

 

[Slotster!]

is there any chance that the player who won it had some sort of anonymity agreement or something.....???

Potentially yes - but the casino would still go all out on the "PLAYER X WON IT HERE!!!" blah blah blah. Without naming any names.

 

[Finn]

is there any chance that the player who won it had some sort of anonymity agreement or something.....???

Why would the casino and Playtech pass the free advertisement, they are not obliged to do so. For them to go along with some nutty paranoia like keeping the name of the casino secret and not giving even any generic press release which in no way compromises player identity, the player would have to be nutty enough to pay the casino and Playtech a considerable chunk of the prize to compensate for the missed free publicity and advertisement.

 

[Dinahnana]

There has to be something shady going on here. A large jackpot winner would be announced even if no names were mentioned. The fact that there has been no press release or updates of any kind from Playtech leads me to believe all is not kosher here. Also I find it odd that some casinos seem to be dumping Playtech for other softwares very recently. Probably totally unrelated but you never know. We will probably never find out what happened to that jackpot

 

[KasinoKing]

Did anything come of this?

Nope.
I reported the thread, but as you can see by scrolling to the bottom, CM hasn't even looked at it yet

KK

 

[zanzibar]

This whole thing reeks of Playtech doing the dodgy yet again. We should contact the guy from Daily Mail who was doing the hatchet job on Teddy Sagi last week and ask him to do some digging.

 

[maphesto]

No answer yet? No Casinomeister looking at thread either... Have to report it again!

 

[jshort]

This whole thing reeks of Playtech doing the dodgy yet again. We should contact the guy from Daily Mail who was doing the hatchet job on Teddy Sagi last week and ask him to do some digging.

By "Dodgy" do you mean that PT pockets the money themselves whenever an illegitimite player wins it? Actually wouldn't it be the casino that tries to take the money and not PT or do the two share profits somehow on the progressive games?

 

[Dinahnana]

By "Dodgy" do you mean that PT pockets the money themselves whenever an illegitimite player wins it? Actually wouldn't it be the casino that tries to take the money and not PT or do the two share profits somehow on the progressive games?

Who the hell knows but at this stage anything is possible.

 

[jshort]

Who the hell knows but at this stage anything is possible.

Whatever the story, I'm sure the win was illegitimate, otherwise the player who won would've bitched all over the internet! Nevertheless, 5 mil could've (and probably did) go missing in the eyes of the casino community.

I don't play PT so obviously I wouldn't know, but it shouldn't be difficult for most PT players to deduct about whether an individual casino or PT took the money.

For instance, if progressive jackpots are paid out via all PT casinos contributing a percentage of the jackpot the same way MG progressive are, then there is no way an individual PT casino could pocket the money themselves without pissing off all the other PT casinos (as they would've had to pony up). Thus fraud by an individual casino couldn't work under those kinds of payout conditions.

On the other end of the fence, if PT pockets the money, then the casino's are losing out because all of the monetary contributions from the progressive that go to the jackpot either always goes to PT or to a legitimite player who wins the jackpot.

The only conclusion is that for fraud to take place, PT and all of the casinos that use this software would have to have some sort of "deal" that allows everyone to a share of the money when a player wins illegitimately

 

[premiergaming]

This industry really does need a good looking over. Due to the amount of Casinos that are popping up from every corner of the world it really needs some more solid rules put in place. If i won money like that and the company vanished i would still do everything in my power to catch up with the CEO..

 

[KasinoKing]

No answer yet? No Casinomeister looking at thread either... Have to report it again!

Did YOU report it?
As of the time of this post, he STILL hasn't looked at the thread.

KK

 

[zanzibar]

By "Dodgy" do you mean that PT pockets the money themselves whenever an illegitimite player wins it? Actually wouldn't it be the casino that tries to take the money and not PT or do the two share profits somehow on the progressive games?

Last time something like this happened when Joyland Casino ripped off a woman in 2009 who won over €4m by only paying her €2m, the money was pocketed by the casino. But the casino was owned by Teddy Sagi, majority shareholder of Playtech. So he effectively paid himself €2m.

As for this jackpot, seeing as no casino is claiming the win which is highly unusual, it seems to me that there has to be some other explanation.

 

[zanzibar]

I have reported this thread again.

 

[casinokoenig]

Sprich zu uns Casinomeister!

 

[maxd]

Guys, Bryan is on the road and will be for several more days. He checks in frequently but I doubt he'll have time to look into this until he's back in the office.

 

[CL-Ed]

Hello folks, I am the editor at Casino Listings. We have been pursuing an explanation for this one from Playtech and a couple of operators for a few months now without success. We have published a story that references this thread and summarises our findings here:

You do not have permission to view link Log in or register now.

There is a complete lack of transparency as no-one is answering any questions and we are left to guess at what might have happened. To me, the strangest thing is that there is no mention made of this jackpot win in Playtech's annual report for 2013 but there is a full page ad highlighting the Gladiator win which was for half the amount. The annual report aggregates all jackpot liabilities so it isn't easy to work out if the funds are still in the system somewhere or if they have been removed due to a win or something else.

 

[vinylweatherman]

Hello folks, I am the editor at Casino Listings. We have been pursuing an explanation for this one from Playtech and a couple of operators for a few months now without success. We have published a story that references this thread and summarises our findings here:

You do not have permission to view link Log in or register now.

There is a complete lack of transparency as no-one is answering any questions and we are left to guess at what might have happened. To me, the strangest thing is that there is no mention made of this jackpot win in Playtech's annual report for 2013 but there is a full page ad highlighting the Gladiator win which was for half the amount. The annual report aggregates all jackpot liabilities so it isn't easy to work out if the funds are still in the system somewhere or if they have been removed due to a win or something else.

Well, that could provide the leverage needed to solve this story. Issuing a false annual report is a criminal offence (the directors are ultimately liable), and the fact that it makes no mention of the movement of such a large sum should be enough to challenge the company over the validity of this report. Playtech is listed in the UK, so this is one matter where they are NOT beyond the law. Whether they pay the player or void the win is not a matter for the UK (yet), but failing to account for the money in their annual report IS most certainly a UK regulatory matter.

The usual tactic a journalist might employ here is to buy a single share in the company, and then ask the awkward question in the AGM. Another way is to object to the report's accuracy with the relevant authorities, but I am not sure how one does this without oneself having an interest in the company.

The fact that the pool vanished on a given date can be proven from information in the public domain, and this can then be used to prove whether or not the information on this must be in the 2013 report, or can wait until the 2014 report.

I doubt the current "no comment" stance from Playtech will work when it's the regulators asking the questions rather than journalists.

 

[CL-Ed]

The problem is that the annual report only lists the total outstanding jackpot liabilities (i.e. all jackpots combined) at the end of the year for each of the past 2 or 3 financial years. So it is not as if they are omitting or falsifying anything because they don't list individual wins apart from the full page Gladiator ad. The win definitely occurred during their 2013 financial year so if they were going to boast about it, that annual report would have been the one in which to do it.

 

[jshort]

I doubt the current "no comment" stance from Playtech will work when it's the regulators asking the questions rather than journalists.

As for no one speaking up; Maybe a lot of em have invested stock in Playtech lol

 

[vinylweatherman]

The problem is that the annual report only lists the total outstanding jackpot liabilities (i.e. all jackpots combined) at the end of the year for each of the past 2 or 3 financial years. So it is not as if they are omitting or falsifying anything because they don't list individual wins apart from the full page Gladiator ad. The win definitely occurred during their 2013 financial year so if they were going to boast about it, that annual report would have been the one in which to do it.

It's such a large sum that whether explicitly noted or not, it should be reflected in the accounts.

If they only list overall liabilities, it may still be possible to reconcile the numbers in the accounts with data from the various jackpot tracking sites regarding the known and confirmed payouts. Go back 3 or 4 years and see if their is a pattern that shows everything normally adds up, but which in 2013 does not add up to an amount equivalent to the jackpot in question.

As well as no news from the casino, there is no news from a player either, not even a hint, yet the money did disappear from the pool.

One question that needs to be asked is whether this is just normal procedure for the odd occasion when a player asks for the highest level of anonymity, or whether this is a truly unique level of jackpot secrecy.

A key aspect in the trust between player and casino is transparency. How can players trust Playtech to administer the progressive pools fairly when they dig their heels in this deep and keep any news of this win secret for 8 months or more. It only adds to suspicions when it turns out the amount was unusually high before it was "won" in complete secrecy late last year. Was it really won at all, or is this a cover up of a major technical issue with the game that was rectified at the end of last year.

 

[sketch1967]

did the answer ever surface?