MG Online Casino Progressive Hits Landmark
Published: Thursday, May 18, 2006 Online-Casinos.com
MICROGAMING ONLINE CASINO PROGRESSIVE HITS LANDMARK $200 MILLION PAYOUT TOTAL
Chinese online casino player hits the historic jackpot
One very lucky Chinese player took the Microgaming Progressive Network
total payout to over $200 million this week when he hit a $80,315.39 jackpot
on the Treasure Nile progressive slot.
The win made history for the network and comes at a time when the company is
gearing up for a new stage of growth, signalled through its recently announced
plans to consolidate all its brands under the Microgaming name.
Powered by Microgaming, nearly 6,000 winners have celebrated wins through the progressive network during the three year period since it launched, including Amanda R from Plymouth, who only last month became one of the UK’s highest online gaming Jackpot winners, taking home a cool $1,427,369.74. In October 2005 alone, $4.9 million was paid out to 100 winners.
Microgaming’s progressive network is not only the original progressive
network on the Internet - it is also the largest, with the largest jackpots
to date.
Roger Raatgever, CEO, Microgaming comments: “Reaching $200
million in payouts is a true landmark moment in the life of online gaming, but
to reach it in three short years is remarkable.
"I think it’s fair to say that this serves as testament to our commitment
to provide the best and most rewarding playing experiences on the web. But,
it doesn’t stop
there. With over 60 new games earmarked for release this year alone, we believe
it won’t be long before we celebrate reaching the $300 million mark.”
Microgaming’s progressive network has developed a reputation for generating
overnight millionaires, creating eight to date. The $200 million total equates
to
an average of $18,000 being paid out each day since launch. All the jackpots
won through the casinos that provide the progressive games are offered in
full, direct cash payments.
Microgaming was in the news for another reason this week, too. The company
was issued with a Certificate of Prior Approval under the stringent requirements
for fairness of the Alderney Gambling Control Commission , which means that
the software is regarded as a suitable platform provider for current or prospective
Alderney licensees.
The pre-approval process enables operators wishing to relocate to the Alderney
jurisdiction cam move more quickly through that aspect of the AGCC's careful
due diligence process.
The certification process includes a wideranging inspection and declaration
process, together with probity checks and investigations.
Microgaming passed similarly tough eCOGRA inspections some three years ago.
