Loco Panda No Deposit
Loco Panda Casino was one of the Revenue Jet affiliate sites. It launched in 2012 with a certain amount of fanfare because the site had a slick design and an aggressive ad campaign with large welcome bonuses. Unfortunately, Loco Panda Casino gained a bad reputation within a couple of years of launching. All Revenue Jet websites had a similar reputation.
Revenue Jet, which was owned by Milore Limited, developed a bad reputation for slow payment, unfair terms and conditions, voided winnings, and shoddy customer service. The customer representatives were attentive and energetic, but they developed a reputation for delays, deceptions, and outright lies. In 2014, Revenue Jet was chosen as the CasinoMeister “Worst Casino Group.”
The same group might have won another “Worst” award for 2015, but by June 23 of that year, the company leaders had been arrested in their homeland of Israel. A few months later, the owners of Loco Panda Casino were extradited to the United States. They face 30 felony charges apiece in relation to serious charges stemming from a cyber-attack of a major American financial institution. The trial is expected to begin later in 2016.
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Loco Panda Casino Timeline
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Loco Panda Launches
Loco Panda Casino has its grand opening. The site uses RTG software and is licensed in Curacao (or so they claimed).
No-Deposit Bonus Offers
Many players sign up for Loco Panda due to the offer of a $30 no-deposit bonus.
Gaining a Reputation
Loco Panda and the other Revenue Jet casinos are gaining a reputation for good bonuses, RTG software, and solid service. They want a trusting customer base.
Payment Process Falters
After making timely payments for a while, the service goes downhill quickly.
Worst Casino Group of 2014
Revenue Jet is named the Worst Casino Group of 2014 by CasinoMeister. Player complaints about payment were important, but lies about licensing in Curacao were key to CasinoMeister’s decision.
Loco Panda Owners Arrested
On June 23, Gery Shalon and Ziv Orenstein are arrested in Israel in connection to a 2014 cyber-attack in the United States. It later is revealed Shalon and Orenstein own Loco Panda.
Revenue Jet Contacts Affiliates
The next day, Revenue Jet contacts affiliates and tells them the Revenue Jet and Affactive Media online casinos are closed and their domains have been seized by the US Justice Department. All sites, including Loco Panda, are closing.
No Resolution for Players
Two weeks after Revenue Jet websites close, a Loco Panda customer posts to AskGamblers. He says he cannot withdraw money or access the site. It is obvious customer service never sent out an email informing customers of their plight.
Gery Shalon and Ziv Orenstein are extradited to the United States from Israel. They are charged with crimes on November 10, 2015. Each faces 30 counts on various felony charges.
Still Awaiting Trial
Shalon, Orenstein, and American Anthony Murgio remain in jail awaiting trial. The trial is expected to begin in late 2016. A fourth suspect, American Joshua Aaron, remains on the loose.
Loco Panda Casino Launches
Loco Panda Casino launched in 2012 as a Real Time Gaming site licensed in Curacao. They accepted play from U.S. residents and accepted payment with top web wallets like Neteller, Skrill, Click2Pay, ClickandBuy, and EcoPayz. Visa and MasterCard were also available. With top support and a variety of deposit methods, Loco Panda Casino looked like a legitimate choice. For a while, it was.
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200% Deposit Bonus. The good Loco Panda Casino No Deposit Codes 2020 old 200% deposit bonus. This is a well-preferred bonus among players as it will give Loco Panda Casino No Deposit Codes 2020 you twice the amount you deposited, and a lot of the times you will not be faced with too high wagering requirements. Usually, you will see wagering requirements similar to the more common 100% bonus. No deposit bonuses allow a first-time player in certain 35 Free Chip Code For Loco Panda Casino 2 no deposit casinos to play without spending any money. It is a promotional strategy by free casinos to attract new members to try out their gaming facilities. However, there is no assurance that you would be able to withdraw your winnings from no deposit bonus games.
In 2012 and 2013, Loco Panda Casino began offering a $30 no-deposit bonus. Player after player writes that this promotion convinced them to give the casino a try. Throughout 2012 and 2013, most online writers discussing the no-deposit bonus seemed to like the casino and have no complaints about cashing out. The honeymoon did not last.
In late 2013 and early 2014, Gamblers began to complain about predatory terms and conditions on the site. One of the main reasons for the T&C complaints was the use of policies to avoid paying winnings on anything won with the no-deposit bonus.
Worst Casino Group of 2014
Revenue Jet won the Worst Casino Group of 2014 from CasinoMeister. The trusted watchdog site noted that it received increasing complaints about Revenue Jet throughout 2014. When CasinoMeister began to investigate their licensing in Curacao, they found that the local regulators knew nothing about the site.
On the Meister Awards page, the Meister mentions,
“I called the Curaçao Chamber of Commerce and they told me that no company by the name Milore Ltd. exists in Curaçao.” He added in the same post that Revenue Jet is connected directly to the notorious Affactive Group, and “If anyone tells you different, they are lying too.”
The pattern seems obvious. When the Affactive Media websites began to gain a bad reputation, the owners decided to launch a second affiliate network: Revenue Jet. This happened in 2012, and throughout 2012-13, the operating procedures at the casino were enough to gain it a good reputation. The flip switched in 2014 and the black hat methods appeared. Players quickly caught on to the scammer tactics, though many were harmed by Revenue Jet’s operating procedures.
According to CasinoMeister, the properties owned by Revenue Jet were OnBling Casino, Grand Parker Casino, Classy Coin Casino, Ruby Royal Casino, and Loco Panda Casino.
Ask Gambler Complaints
AskGamblers is a good place to research an online casino. There, a person can read real reviews from real customers. They also can see an aggregate of all the complaints, to see how many there are and what percentage were resolved.
Loco Panda Casino had 45 complaints in 2 & 1/2 years. 23 of those complaints were resolved, though AskGamblers marks “Resolved” when a player gives up and stop posting complaints. The average time it took to get a response was 4 days, while the average resolution time was 1 week. The average size of the complaint was $2,478.
On May 2014, DreamGuardian1 posted a complaint about the site’s service. Dream Guardian said he had liked Loco Panda at first, and they had paid his first $4,000 withdrawal with no trouble. Service began to degrade after that, though.
“After each additional win the pay times got longer and longer until eventually it was over a month till I saw my winnings, yet they took out my deposit within 2 seconds. When I complained directly to them via email, they shut down my account.”
Eventually, he threatened to sue the website, at which point they stopped answering the man’s emails at all. Dream Guardian posted his entire email conversation on CasinoMeister, while posting warnings to player on other top forums.
Partial Payment and Delay Tactics
In January 2015, bg1221 on AskGamblers wrote,
“If you win, they pay a partial portion of your withdraw amount only one time. Any further money withdrawals usually provokes Loco Panda to place your account under review for 60 business days. After the review is over…You still won’t get paid.”
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The writer complained that the site “went downhill” in the past six months. It is possible that Revenue Jet would have sites employ “white hat” tactics for a while to build a reputation and a player community. Then they would start using black hat tactics to scam the players. Or it is possible bg1221 was simply losing for a while, so he did not notice the bad practices.
In April 2015, Raymond, a poster from the Netherlands, said he was told he had to deposit more money to collect his winnings. That is an obvious scam, and the player actually doesn’t receive his cash. If a player get $1500 in winning at the same time they deposited $1500, then they really receive $0 in winnings.
Andrejlk A. from the Czech Republic
AndrejlkA., a poster from the Czech Republic, reported similar activity. In May 2015, Andrejlk posted about Loco Panda. He types,
“This is a scam….I’ve met the playthrough conditions. The result was $ 1,100 for possible selection. Support told me that I need to make a deposit. I was almost fooled when I found mention of the fact that these scammers. Wins are fake, after inserting the money he will not see neither their money nor win.”
Svyturys is the most pitiful of all. Svyturys, who did not give a land of origin, posted on August 5, 2015 that he could not withdraw money. When he tried, he got an email telling him that he would need “to fill out their faxback form along with copies of personal documents” on June 20 (three days before the arrests). He posted on August 5 on AskGamblers, because he had been unable to receive his winnings. Svyturys wrote,
“I’m mailing them but I got answers that my mails can’t get to them, and the casino page is even not working.”
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By that time, Loco Panda Casino was closed and its domain had been seized by the United States government. Affiliates had been alerted, but apparently, not all customers were informed of the situation. Svyturys received an email 15 days before, so his spam filter was not blocking emails. Loco Panda’s personnel couldn’t even be troubled to send out a form email to let its customers know the site was closed.
July 23rd Arrests in Israel and USA
Svyturys did not know that the owners of Loco Panda, a pair of Israeli men named Ziv Orenstein and Gery Shalon, had been arrested on July 23, 2015. Revenue Jet and Affactive Group website domains had been seized and player accounts were frozen. Account managers for the affiliate marketers tied to both networks were informed on July 24 of the arrests. All sites would be closed, effective immediately.
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Evidence suggests that not all players (or maybe any players) were told of the situation. They had to learn through sites like AskGamblers and Casino Meister, or through the gaming media. The story of the arrest of Gery Shalon and Ziv Orenstein played on international news sites, but readers would have had a hard time connectioning those arrests to Loco Panda Casino.
Cyber-Attack on JP Morgan Database
Gery Shalon and Ziv Orenstein were arrested in connection to a cyber-attack on the J.P. Morgan-Chase database the previous summer. JP Morgan-Chase is the largest private financial institution in the United States. Hacking the biggest bank in American triggered a massive response from US authorities, which meant Shalon and Orenstein were certain to be arrested.
At first, investigators believe the attack had been launched by state-supported hackers from the Russian Federation. They tracked the attack to Moscow. As they began to analyze the specific data probed, investigators decided it was an attempt to collect financial information. 76 million private accounts and 7 million small business accounts were hacked, in order to target those best suited as victims in a pump-and-dump investment scheme.
Once American cyber defense professionals realized it was a cyber-attack by private citizens, they began to work with authorities around the globe to find and incarcerate those men. With help from authorities in the Russian Federation and Israel, Gery Shalon and Ziv Orenstein were tracked down and arrested. An American accomplice, Anthony Murgio, was arrested on the same day in Florida. A second American accomplice, Joshua Aaron, remains at large.
Gery Shalon’s Boasts
Gery Shalon and Joshua Aaron convinced others to become involved in the scheme by telling them the US authorities could never reach them in Israel, even if they learned of the hack. They planned on buying penny stocks, pumping up the value of the stocks by selling to JP Morgan account holders, and then dumping their stocks on the market for a huge profit. They expected $100 million in profits at the very least.
Shalon and Aaron somehow overlooked that a cyber-attack on the 6th-largest corporation in the world would bring in investigators at the highest levels of the US government. From the official perspective, faith in the global financial system was at stake, so a global network of nation-states likely would work with the United States government to see the perpetrators punished. Even the Russian Federation, which was in the dispute with the United States at the time over Russia’s invasion of Ukraine and annexation of Crimea, would be eager to help bring down the hackers. If they did not, it would appear they were behind the attack, which would have incurred retaliation.
Aftermath for Loco Panda’s Owners
A few months later, Gery Shalon and Ziv Orenstein were extradited to the United States. Both were charged with 30 felony counts with mandatory sentences ranging from 5 years to 20 years apiece. The men await trial, which should take place in late 2016.
Loco Panda Casino is no longer in operation. Strangely, its closure had nothing to do with the rogue practices it employed. The victimized gamblers never received restitution or justice. Those who read about the arrests of Gery Shalon and Ziv Orenstein on these much more serious charges had to take some satisfaction, or at least believe that karma had been served.
One casino that we've really been impressed with in just a short amount of time is Loco Panda Casino. Besides accepting players from all 50 states and being safe for all U.S. users, this casino loads depositors up with some of the best deposit bonuses we've ever seen. And, even though this casino was launched in 2011, you should know that it is very trustworthy and anybody that signs up to play at Loco Panda can be assured that their information is being kept safe and confidential. Keep reading more below to learn more about the particulars of this legal gambling site for U.S. players such as the software it uses, the games that are available for play plus how to get money in and out of the casino.
Loco Panda Casino Software
Right away, the thing that stood out to us about Loco Panda was the fact that it runs on Realtime Gaming aka RTG casino software. What's important about that is the fact that is brand of software is trusted for more U.S. players looking gamble online in a casino more than any other software. The reasons are many but perhaps the two most important things are that casinos operating RTG software accept all players from the U.S. and they generally have the biggest selection of casino games. In fact, just the roster of games at Loco Panda totals over 50 slots plus a plethora of table games which you are definitely going to want to play.
Another great feature of this software is that it is available in either flash/no-download or in a downloadable casino client. From experience, the flash/no-download version is very convenient and does not install anything to your terminal however the full selection of games (particularly with slots) is not available here. For the full experience, one must download the casino program and install it to their system. With that said, the download takes just a few seconds when using broadband and the installation is almost as quick. Either way, Loco Panda is setup to handle all users who wish to join.
Loco Panda Casino Bonuses
Even if Loco Panda didn't run RTG software we'd still be big on them just because of their massive bonuses. Like most other casinos, the biggest bonus at Loco Panda is for slots however you should know that they have a pretty impressive table games bonus that most other casinos can't match. As for the actual bonuses, when signing up for a new account and making the first deposit, users have the opportunity to collect these bonuses for either slots, table games, or both when using their highroller bonus.
The slots version of Loco Panda's bonuses top out at $4,000 and come courtesy of a 400% match bonus. To claim this bonus, one must enter the bonus code 'PANDASLOTS' during the transaction process to qualify. This bonus is awarded only one time and users must make the most of it if they wish to use it.
When it comes to table games, Loco Panda probably has the best deposit bonus. Upon entering the bonus code 'LOCOTABLES' all first time depositors are qualified to redeem a 150% match that caps out at a limit of $3,000. With their numerous games of blackjack, poker plus their popular casino classics like roulette you are definitely going to want to take full advantage of this offer while it lasts.
Other bonuses from Loco Panda include a highroller bonus which allows depositors to claim as much as $2,000 for use on all games by tripling the amount of the original deposit which is equivalent to a 200% match. Highroller bonus can only be claimed with code 'BIGPANDA'. It is also worth noting that Loco Panda has a bingo / keno deposit bonus that gives an additional 250% on top of your deposit when the coupon code 'DISCOBALLS' is redeemed during the deposit process.
Loco Panda Casino Deposits
As you, I, and the folks at Loco Panda know.. in order to play for real money, you've got to be able to deposit real money. Sounds easy and simple enough but for U.S. players it is not always cut and dry with restrictions like the UIGEA hampering transactions from U.S. banks or U.S. bank backed credit cards. Unfortunately, not all USA players that want to play at Loco Panda are going to be able to make credit card transactions, at least not on the first attempt, which is why Loco Panda has several other U.S.A. approved casino deposit methods in play. Although they do have a high acceptance rate with credit cards (VISA, Mastercard, American Express) they do have options for those who are denied credit card transactions primarily in the form of prepaid cards and wire transfers. Plus, if you're not quite feeling comfortable giving your financial info out on the web then the wire transfers and prepaid cards are probably how you would want to proceed anyway simply because those options are initially funded with cash in most scenarios.
The time it takes to deposit depends on the method you decide to go with. All credit card transactions (when successful) are credited instantly and players can proceed to the casino to begin playing casino games for real money right away. You will also get the same result when using a prepaid card however you will first need to obtain a prepaid card that Loco Panda accepts. To get the entire list of acceptable prepaid options we encourage you to visit the cashier or contact customer service. Chances are that you will be able to pick one up that works down at the corner store. Making a wire transfer (Western Union, etc..) can also be done locally with a little bit of work on the player's end but when done correctly these deposits can be credited to your account in a matter of hours.
Deposites. Whichever way you decide to proceed with making a deposit please know that Loco Panda is there to assist you. If you need any help, do not hesitate to contact the cashier or customer service. After all, it is their job to get players in the door and to assist them if they should need help with anything. Contact them through email at [email protected], through live chat 24/7, or you can use their toll-free hot-line by calling (877) 640-3259. All options are always available however if you want immediate support then you should call or go through the live chat option.