MadMoney, an online casino that welcomed its first customers in April 2020, stands out with its selection of unique games and an irresistible welcome bonus. However, we were keen to determine whether this establishment is a legitimate casino or just another scam, designed to deceive players and withhold their winnings under various pretexts.
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 Match Deposit Bonus Â
Newcomers are warmly welcomed with a generous 100% match deposit bonus of up to €1000. To unlock the bonus funds, you must fulfill a 15x wagering requirement (deposit + bonus). The maximum bet allowed while playing with bonus funds is €3, which is lower than the €5 limit imposed by most casinos. Additionally, there is a maximum cash-out limit of 3x the bonus amount. In simpler terms, when you deposit €20, you receive a €20 bonus, giving you a total of €40 to play with. To unlock your €20 bonus, you must wager €40×30 (deposit + bonus) = €1200. Regardless of your winnings, you can withdraw up to three times the deposited amount, which equals €60. If this doesn’t seem like a never-ending cycle, we don’t know what does.
By making a second deposit of at least €50, you become eligible to receive 150 free spins on Betsoft games. In order to withdraw the winnings from these free spins, you must fulfill a 5x wagering requirement. Once you meet this requirement, you can cash out a maximum of 6 times the amount you deposited. Assuming a deposit of €50, the maximum amount you can withdraw after fulfilling the wagering requirement is €300.
The terms for the third and fourth deposit bonuses are very similar to those of the first deposit bonus. To avoid redundancy, we won’t delve into the details again. We strongly advise you to carefully consider before claiming any of these bonuses.
Game Selection
MadMoney casino is determined to make its mark in the industry. While it may still be in the process of signing contracts with industry leaders, it currently offers a wide range of rarely found titles. The casino collaborates with numerous small-scale studios that are yet to establish their presence in the market. This means that you have a good chance of discovering a variety of slots that you haven’t played before. When it comes to table games and live casino games, you won’t be disappointed by the available options and variations.
Deposits and Withdrawals
In comparison to other new casinos, MadMoney offers support for a limited range of payment processors. However, the good news is that it accepts the most popular ones. For instance Visa, MasterCard, Skrill, Neteller, Yandex Money, and Qiwi, among others. The minimum deposit as well as withdrawal amounts are both €10. Payout requests that are €1000 or below are processed within 72 hours, while amounts exceeding €1000 are processed within a week.
As of now, the casino’s Terms do not include a deposit rollover clause. However, we recommend reviewing the T&C page for any deposit turnover requirements, as this has become a common practice among new casinos.
Security and Licensing
MadMoneyCasino is operated by SG International N.V., a company that possesses a gambling license from Curacao. It is worth noting that Curacao licensees have been accused of not adhering to responsible gambling practices. Â
Customer Support
Feel free to reach out to our customer support team through various channels, including live chat, phone, and email. Â
Layout and Navigation
Mad Money casino features a well-designed layout, with all the essential tabs conveniently located at the top of the main page. While it provides licensing and terms and conditions information at the bottom, it’s worth noting the absence of a dedicated bonus policy page. Nevertheless, the main page itself primarily showcases previews of the diverse range of available games. Additionally, users can easily navigate through the games by utilizing the search bar and filtering options, ensuring a seamless and enjoyable experience.
Mobile Casino
The games we tested performed excellently on mobile devices. The majority of titles are playable in demo mode without the need for an account. However, please note that certain games require Flash to be enabled in order to run properly.
Summary
While MadMoney is an average offshore casino, we hesitate to recommend it due to its offshore license and predatory bonus terms.Â
