A machine offering a progressive jackpot usually displays the amount of the jackpot, rather boldly, to attract players. After a player wins the jackpot, the jackpot resets to a preset minimum level. For example, on a machine whose house edge is 5%, a generous jackpot contribution might be 1% (one fifth of the expected profit).
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| Private | |
| Industry | |
|---|---|
| Founded | 1994; 26 years ago |
| Headquarters | |
Key people | John Coleman (CEO) |
| 200+ | |
| Website | microgaming.co.uk |
Microgaming is a privately-held technology provider, based in the Isle of Man, that claims to have developed the world's first true online casino software in 1994[1] and which today supplies gaming content to hundreds of online gambling brands worldwide[2], including 32Red, Bet365, 888 Casino and LeoVegas.
The standard online casino powered by Microgaming has over six hundred games including slots, video poker, blackjack and roulette. Microgaming provides its casino games in download or Flash versions, in recent times there has been a shift to releasing games in HTML5 to ensure cross-platform compatibility. The company offers a number of progressive jackpots through their interlinked network of casino operators. Some of these games are developed by Derivco, a South African-based game development studio.
Microgaming runs an online poker network, known as The MPN. It was formerly known as Prima Poker or the Microgaming Poker Network. Its software allows players to play multiplayer poker games such as Texas hold 'em and five and seven card stud poker against real people in real-time. The MPN was the first online poker network to offer Anonymous Tables, an attempt to make player tracking tools ineffective. In November 2013, the network became among the first to offer a fully integrated achievement system.[3]
In late February 2008, Microgaming licensee Tusk Investment Corporation Limited went into liquidation, leaving all players who had funds in 28 rooms operated by Tusk to claim as unsecured creditors in the liquidation.[4] A liquidation report, available online, indicates that players will recover some monies. In August 2009 licensees, Eurolinx and BetonBet, which were owned by Linx Media Group, went into liquidation.[5]
In May 2009, Microgaming announced their biggest ever online casino win through the progressive slot Mega Moolah, with the winner taking away $6,374,434. This was the largest online casino payout in history at the time,[6] but was later eclipsed by several other jackpot wins on games from various other developers.[7] Mega Moolah set a new world record for paying the largest online slot machine jackpot on 6 October 2015. The slot machine paid £13,209,300 (equivalent to €17,879,645 at the time) to UK resident and customer of Betway, Jonathan Heywood.[8]
In May 2010, Microgaming launched Quickfire Games,[9] a company that licenses their game content to third party developers and white label casino platform providers.
In May 2016, Microgaming launched Virtual Reality headset games using Oculus Rift technology[10] with a focus on VR Roulette.[11]
SkillOnNet, online casino solutions provider, signed a content agreement with Microgaming in October 2016. The contract will give SkillOnNet licensees access to over 500 games from Microgaming's portfolio.[12]
January 16, 2017 marked the first win of the year on Microgaming’s Mega Moolah progressive jackpot slot. The winner was a member of online operator, Captain Cooks Casino, and received a €6,078,249.33 payout in one lump sum, as per the provider’s policy.[13]
Notes[edit]
- ^[1]. Microgaming.
- ^[2]. Microgaming.
- ^http://www.microgaming.co.uk/pressrelease.aspx?pid=8167
- ^Tusk. Microgaming.co.uk (20 September 2012).
- ^Linx Media Group. Microgaming.co.uk (20 September 2012).
- ^Mega MoolahArchived 25 July 2011 at the Wayback Machine. Online Casino News.
- ^'Biggest progressive jackpot wins'. Casino Listings. Retrieved 17 July 2014.
- ^'Largest jackpot payout in an online slot machine game (nominal)'. Guinness World Records. Retrieved 12 January 2016.
- ^'Quickfire Games Website'. Quickfire Games. Retrieved 16 March 2016.
- ^'Microgaming - Pioneering the future'. Youtube. Microgaming Official Youtube Channel. Retrieved 16 March 2016.
- ^'Microgaming Showcases VR Roulette For Use With Oculus Rift Headset'. GrizzlyG. Retrieved 16 March 2016.
- ^'SkillOnNet adds Microgaming games following integration with Quickfire'. microgaming.co.uk. Retrieved 5 January 2017.
- ^'January jackpot on Microgaming's Mega Moolah'. microgaming.co.uk. Retrieved 23 January 2017.
$100 Slot Machine Jackpot Videos
External links[edit]
When it comes to slot machines that pay out the most a good place to start would be the Guinness World Records, which listed the payout of £13,209,300 as the largest payout on an online slot machine, won on Mega Moolah created by Microgaming. Actually, it is not unheard off that lucky players can win multi-millions on progressive jackpot slots, but on the other hand big wins are not exclusive to slots featuring jackpots.
There is a great variety of game offering enormous potential payouts, much higher than the average prizes offered by other slots. To calculate the highest possible profit, you would in general use the highest rewarding symbol and multiply it by the paylines (maximum paylines), although there is an array of other factors that can influence the maximum payout, including the bets per spin, and betting levels. The bonus feature variety has a major effect on the payouts especially when the game offers free spins, multipliers, wilds and other bonus rounds. It is not always possible with a quick glance to identify the maximum payout potential of slots.
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NetEnt’s Gonzo Quest slot allows a maximum bet of up to £200 and should you calculate the maximum win for a £1 spin with free spins it totals £825,000, the absolute maximum theoretical win on the slot is a staggering £165 million. Starburst is by far the most popular of all NetEnt slots and is often used in promotions as well as casino free spins bonuses, the maximum win for a £1 spin with free spins on Starburst can reward up to £2,000 while a maximum bet worth £100 can provide a maximum theoretical win of £200,000. Sparks is yet another impressive slot when it comes to cashing in huge profits and it offers a maximum win for a spin worth £1 with free spins a payout of £400 while the slot accepts a maximum bet of £400 and its absolute max theoretical win is £160,000.