Online Casino Scrutiny > Casino News > May '09

Jackpot Mystery: 7

There are so many reasons why people do not trust online casinos and their operators and in this instance there is no way to prove people wrong. There has been little done to give people a piece of mind in regard to if they were ever lucky enough to strike it rich at a progressive jackpot. If a player would hit the jackpot the impression is that they would be receiving if not the whole amount, at least somewhere close to it. Usually if a player does not receive the full amount that the online casino or lottery promised them it is due to fees and taxes that are taken out of the player’s winnings, but that is standard and it is even expected. In Sylvia P.’s Joyland online casino case it has not even been discovered who the former owners and operators of the online casino were before they sold their online casino to the William Hill Online network.

The reports at Trading Markets.com revealed that the online casino in question was previously owned by Six Digits Trading. There was one very interesting name in these documents that sounded familiar to those familiar with share holders of online casinos. The name that was associated with Six Digits Trading was none other than a major shareholder of Playtech, Teddy Sagi. You do not have to be a deeply invested investigator to know that there is something very suspicious about all of these unanswered questions. The companies involved still have not yet been able to produced the full agreement signed by the winner Sylvia P. So the lesson that can be learned from all of this is that if a player wants to get a large chunk of money up front then they will have to sacrifice a huge chunk of their internet gambling winnings.

Players need to make sure that they know what their pay out options are at the online casino of their choice so then there is not another Sylvia P. situation. Although there are still some unanswered questions from the online casinos involved the one thing that everyone can take from this is to take the time to read and understand what you are agreeing to at all times.






 

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