Casino losses at Magic Red
Casino losses at Magic Red fall under the Austrian Gambling Act. Without an Austrian licence the contracts are void, and stakes can be reclaimed up to thirty years retroactively.
Provider
Magic Red
Magic Red: online casino and sports betting, licensed in Malta, without an Austrian licence under the Gambling Act.
- Products
- Casino, Sports Betting
- Contracting party
- Aspire Global International Limited (C42296)
- Registered office
- St. George's Business Centre - Level 5, St George's Road, St Julian's, STJ 3200, Malta
- Licence
- Malta Gaming Authority (MGA), MGA/CRP/148/2007
- Parent group
- NeoGames (Aspire Global was acquired by NeoGames in June 2022)
- Austrian licence
- no
- Research status
- 2026-05-28
What we know about Magic Red
According to our research, the contracting party of Magic Red is Aspire Global International Limited (C42296), based at St. George’s Business Centre - Level 5, St George’s Road, St Julian’s, STJ 3200, Malta. The platform holds the MGA licence MGA/CRP/148/2007. The parent company is NeoGames (Aspire Global was acquired by NeoGames in June 2022).
The MGA register confirms magicred.com as an authorised URL under Aspire Global International Limited. The licence covers Type 1 (casino) and Type 2 (sports betting including live betting). Aspire Global was fully acquired by NeoGames in June 2022.
Legal classification
Online casino offers aimed at Austrian players require a licence in Austria. Without this licence under the Gambling Act, the underlying contract is void. According to the settled line of the Austrian Supreme Court (OGH), losses can be reclaimed retroactively for up to thirty years.
Sports betting is, unlike online casinos, generally legal in Austria. A reclaim may be possible through partial legal incapacity under Section 865 Austrian Civil Code. The pathological gambling addiction during the loss period is established by an expert opinion in the proceedings, and we organise the specialist medical report together after instruction. A claim is generally economically viable from around 50,000 euros of losses per provider.
The litigation route applies regardless of where the betting provider is based. Even Austrian-licensed online betting providers can be sued, as long as the betting relationship arose online. Betting cafés with cash on site are a different constellation.
How we proceed
The assessment of your case is free of charge. In the event of success, R. M. Prozessfinanzierung GmbH retains from 35 percent of the amount obtained, and the remaining amount goes to the enquiring person. Legal representation is handled by cooperating lawyers. We bear the costs of the proceedings.
What reclaiming at Magic Red can mean
Sports Betting losses at Magic Red
Betting losses at Magic Red in Austria generally arise from a legal contract. The claim runs via partial legal incapacity under Section 865 Austrian Civil Code. The pathological gambling addiction is established by an expert opinion in the proceedings; we organise the specialist medical report together after you instruct us. This applies regardless of where Magic Red is based, and Austrian-licensed online betting providers can also be sued. Economically viable from around 50,000 euros in losses.
Reclaim losses at Magic Red
Assessment free of charge. Fee only if successful, from 35 % of the amount awarded. The exact amount depends on the effort and complexity of the case.
Have your case assessed free of charge
Tell us about your case. The assessment is free and without obligation.