When Carlton Bingo was seeking to fund rapid growth, like all of they had to approach their bankers. Carlton bingo operates out of North-east England and Scotland an in 1997 they were bought out by their management. The management team was backed by Dunedin, a private equity firm and the Bank of Scotland. Five years later management bought out the equity interest in the bingo group through another loan, this time from the well known Lloyds TSB. (more…)
Archive for the ‘Bingo Promotions’ Category
Private Equity Firms, Loans and Carlton Bingo Convolutions
Thursday, May 29th, 2008Bingo Vega Needs to Get the BOOT!
Thursday, April 10th, 2008Amidst many complaints, Bingo Vega is beginning to look like a super bingo scam.
When reading over the tips on finding a reputable online bingo site, there are several warning signs of a scamming company. Some tipsters recommend finding the location of the company. This does not always guarantee a legitimate company, or well run one at that.
If you are looking for a site to play, and don’t care much about how much you invest, nor how much of your winnings you can cash out – Bingo Vega may be the site for you. However, most play bingo to win big. Those big winnings better be able to be cashed out as well. This won’t likely be the case with Bingo Vega.
Examples of several different types of diversions were used on a single player. The player began with an initial deposit, and was rewarded by the ever-popular advertised draw of a bonus. The player then wagered as much as the initial deposit and hit a $1000 prize line on a slot game. With the winning slot line, the player’s profits stood at over $1200.
Despite the amounts of wagered money being equal to the initial deposit, as well as the bonus award, as soon as the player requested a mere $500 cash return – the bonus was removed from the account. None of the bonus money had been deposited to the players active account, therefore all winnings were a result of the personal money deposit made at registration.
Then after a waiting period to allow the processing of the request, the money was put back into the players betting account. When the player questioned this, the response given was that the wagers must reach $4,500 before withdrawal.
The player took that advice, and continued playing until they met the required amount. The cash left in the account was at $800. When the player again requested a payout, the Bingo Vega Company tried to claim that the player had set up more than one account, and was therefore ineligible to cash out from the account.
The IP address obtained by the player that was supposed to be another account in their name was located in a different state – therefore not possibly the same player. This person never received their money, but was at least kind enough to contact the Bingo Players Union to warn others against this fraudulent site.
Play Bingo Vega for fun if you are just looking for bingo rooms. Avoid it at all costs if you want to win money – so it doesn’t end up costing you a fortune!
Grandmother Shares her Bingo Win with Her Own Mother
Wednesday, January 9th, 2008It never ceases to surprise me at just how generous bingo playing mothers and daughters, husbands and wives, siblings and friends can be. The sharing stories go on and on and never seem to stop.
