The news post that we came across related events that involved Peter Newsted, LeoVegas CEO, and included reasons for his apparent dismissal from the company. According to the story, Newsted was fired because of a certain loophole or ‘mistake’ that resulted in losses of as much as Rs.50,000, consisting of bonus monies, free spins and related prizes.
This news originally spoke about how the CEO of LeoVegas – Peter Newsted, was fired because of an apparent mistake/loophole that caused the site to lose close to Rs.50,00,000 in free spins, welcome bonuses, and prizes. According to the article, LeoVegas customers managed to get up to Rs.55,000 in bonus upon their first deposit, thanks to a glitch in their system.
As the "CEO of LeoVegas has been fired", we have been unable to prove or disprove that a man by the name of Peter Newsted ever worked for the company. What matters is that the casino site in question operates in a spirit of fairness and, as such, has established rules that encourage players to gamble responsibly.
The other day I found an article from Todays Post about the CEO of the online casino LeoVegas being fired. It was due to some kind of loophole in their Terms & Conditions which enabled Indian players to register a new account and get free credits. The Swedish online casino had apparently lost 46 million Rupees due to the loophole.
LeoVegas CEO Fired? Another much-highlighted part of the articles was ‘Peter Newsted fired’ or ‘LeoVegas CEO fired’. This is entirely false. There is no man named Peter Newsted in the top tier of the company, let alone him be the CEO. The CEO of LeoVegas is the Swedish man Gustaf Hagman. He is also the co-founder of the company.
A story that the CEO of LeoVegas was fired after a costly mistake when launching the casino in India went viral in India. An error in deposit wording supposedly gave players a huge amount of free cash and free spins and the offer was pulled after a week.
Leovegas casino & sports is a swedish online gambling operator founded in 2012. The article says the ceo of leovegas, peter newsted, was fired due to The Company and Alibaba Group expect to close the Notes Transaction on or about June 4, 2020, subject to the satisfaction of customary closing conditions, online casino india ceo fired.
Answer (1 of 8): Hi there, In short it is a SCAM To know full story read further Leovegas as the story around this so called casino game suggest that it is providing 30000 rs to play on an initial deposit amount of 1600 rs .