Drake/Gossip Bonus T&C's

I'm surprised this never stood out to me before, but considering I just cashed in my lcb chips for $20 at drake, I decided to review the T&C's as any good LCB'er should know to do, and came across something interesting...

No Deposit Bonuses
 

Wagering requirements for no-deposit coupons are 60 times the bonus, unless otherwise stated. A maximum of 2 no-deposit bonuses can be received between deposits.

All non-depositing bonuses are by email invitation from DrakeCasino.eu and its authorized agents only. Any account who redeems a non-deposit bonus, but did not receive the email directly from DrakeCasino.eu, will be subject to forfeit all funds in their account, and this includes any account that has deposited after first winning funds using a non-deposit bonus. Any free money given without requiring a deposit, e.g. a no-deposit bonus, free bonus, loyalty bonus, VIP bonus, vanity card, manager deposit, competition/tournament prizes, compensation bonus, inconvenience bonus, birthday bonus etc. (unless otherwise stated) will have a maximum cash out of $100 plus a bank wire fee of $60 given. This rule is also valid when a customer's balance is positive at the time of redeeming the non-deposit bonus. After redeeming the bonus, the rule will only be annulled after the customer's balance has reached $0 again. In situations where a no-deposit bonus has been used to exceed the max bonus/withdrawal amount for non-depositing bonuses, the player will not be entitled to a withdrawal above the max withdrawal amount, regardless of subsequent deposits. A player’s balance must reach zero dollars, and then a real money deposit must be made in order to exceed the max bonus/withdrawal amount.

I'm assuming that this $20 falls in this category, and I wish i had known this before cashing in $6 of LCB chips better spent at a different casino. I finally made my first cash out from them ever, and was pleasantly surprised by how they handled it, but that doesn't change my thoughts that this is a sketchy group of casinos all in all. 

Please correct me if I'm wrong with what I'm reading above. 

           A) That the maximum I can withdraw from the $20 free chip, after rolling it over 60x, would be $40 after the $60 wire transfer fee (oddly only $40 if you look at their withdrawal options page, which btw, is also a ridiculous rule they have about withdrawals, but I somehow manage to skirt that),

          B) If i were to deposit before reaching absolute $0 (which would explain why video poker etc wont let you play the last 1 or 2 cents in your account), then any deposit I make is subject to being worth a max $100, even if i were to deposit say $200? $500? you get what i'm saying.

Enlighten me please, because this was pretty enlightening in itself.

Off to lose my $20 chip i spent a month earning...

Khamo

Stay healthy, stay safe

Hi khamo,

Thanks very much for your feedback. We brought this to the casino rep's attention, hope we'll get some feedback from them. 

Hi khamo,

The max withdrawal is $100 plus $60 Wire fee, so $160 in total.  This is stated in the LCB Shop under the item you purchased.  Furthermore, only amounts that are above this limit are not withdrawable.  

I understand your concern in "B," however, this is not how it works.  This rule only applies to balances that were achieved solely with the no deposit bonus.  In your example, this would not be the case as  your balance would consist primarily of your deposit.

What it means is that you cannot make a deposit after accepting and winning with a no deposit bonus with the sole purpose of qualifying your balance (which is made entirely or mostly of bonus funds) for a withdrawal that exceeds the max cashout ($160).  

I hope this helps.

Cheers,

Kyle

Drake Casino Rep