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Payback Bonus Terms & Conditions

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Last updated: 02-04-2014
Version: 13042012
Validity Period: Valid to next update

 

1. Payback Bonus Terms and Conditions

When you reach King, Ace and Black Diamond Tier Status you are eligible for a Payback Bonus calculated on your losses over a 3 (three) month period.

To qualify for and receive a Payback Bonus, the following terms and conditions apply:

  1. The Player must have deposited at least a minimum of $750 per month for three months, or a total of $2250 over a three month accumulation period to qualify.

  2. The value of the Payback Bonus will be calculated according to the following formula: Total of deposits, minus bonuses, minus cash-ins = Payback Bonus.

    • King Tier: 5% Payback Bonus
    • Ace Tier: 10% Payback Bonus
    • Black Diamond: 15% Payback Bonus

  3. The first accumulation period starts on the 1st day of January every year and runs until the 31st of March of that same year. The second accumulation period starts on the 1st day of April of every year and runs until the 30th of June of that same year. The third accumulation period starts on the 1st day of July of every year and runs until the 30th of September of that same year. The fourth accumulation period starts on the 1st day of October of every year and runs until the 31st of December of that same year.

  4. Payback Bonuses for the first three month period of the year will be paid out by the first Friday of April of that year; Payback Bonuses for the second three month period of the year will be paid out by the first Friday of July; Payback Bonuses for the third three month period of the year will be paid out by the first Friday of October; Payback Bonuses for the second three month period of the year will be paid out by the first Friday of January.

  5. The minimum Payback Bonus value that will be credited is fixed at $50. Any Payback Bonus worth less than $50 will be forfeited.

  6. Please note that the Payback Bonus refers to bonus money and therefore max cash-in terms and conditions apply as stipulated in the Promotional Terms and Conditions.

  7. Payback Bonuses at GrandPrive.com Casinos are limited to Real-money players on King Tier, Ace Tier and Black Diamond Tier only.

  8. By claiming the Payback Bonus that GrandPrive.com Casinos offer, the Player acknowledges that any and all terms and conditions have been read and agreed to.

  9. Please also note that access to any service or perk provided by any GrandPrive.com Casino are subject to these Terms and Conditions.

  10. GrandPrive.com Casinos reserve the right to discontinue or cancel any promotion/perk as and when management deems it appropriate.
 
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