Have been considering promoting Royal Panda so i signed up and took the Welcome Bonus. Initially, I was confused with the wagering, but soon caught on easily.
Lost my initial Cash balance and managed to take the bonus up over 1000 - naturally, I thought, OK, let me deposit to try and complete. My efforts were in vain, so i ended up losing the cash, continued playing with the bonus and busting out.
All that Bonus play COULD have counted for something elsewhere. In the end, it was a royal waste of wagering to be honest. I understand their structure, but to keep depositing to meet WR is ludicrous.
Next step was Free Spin offers, deposited and got 100 Free Spins, again, and as noted by some in this thread, you need to deposit to complete wagering. So you deposit 50 today, get a few free spins the next day, and unless you have a cash balance, all the wagering is in vain.
There is no guarantee you WILL make wagering unless you have a real nice cash balance. Playing a streaky slot can kill your cash easily in a few 100 spins. Overall, the Site is OK, I haven't had the pleasure of withdrawing with 3 deposits already, but that is largely thanks to their bonus structure.
Places that have similar requirements are Mr. Green and Vera John, but alas, you CAN complete wagering with a bonus.
I may use their Free Spins - IF they are Free, but in general, you deposit to get them, lose, get credited the next day and you need to redeposit to complete wagering. Its a real double whammy on players - Two deposits and you may not even meet wagering. You will need to wager MORE than you actually need to at RP in the long term with all their offers.
On the other hand, if you are a Cash only player, you shouldn't see any issues.
Nate