Your Input Please Videoslots: Lower RTP for UK, Sweden, Germany & Others

Like I said repeatedly to you mate - it's out of my head. I've asked guys - they told that everything is from provider and we do not affect it. That's what I know. That's why I asked you to check game file to know what RTP.

You can take it as you want, seriously. I'm here and open to any questions, and my answer on your question is that you can check it yourself in game files. Per my information (I can't know everything) - we did not changed anything / I did not hear anything about it. Can I be 100% sure? No.

It's not something called 'dodging questions'.

Br,

V.
Hi Homerbert,

I find it incredible and unbelievable that a business where the entire business model is based upon fixed odds can claim they have no idea what those fixed odds are.
 
As far as I know IGT always been offering 2 or 3 versions of the games, with various RTPs. Nothing new there, up to the operator to pick a game ID and therefore a RTP.
The other providers we don't have, cant say much about it. From all our other providers the RTP is determined on their end, with no options to offer a game with a different RTP.

As for Tax, you can argue to pay tax in Germany or not. We decided to do so to avoid any possible fine in the future. So we pay monthly 21% gaming tax in Germany.

I havent heard anything from other operators that they will be offering this. If a game has an RTP between 95 - 96.8%, I'm more than happy and see now reason to lower it to 92% for example, and to provide a customer in a regulated market a worse gaming experience as customers in countries where we don't have to pay tax? Not going to happen! I just dont think thats fair, and neither social responsible from a operators point of view. So a market is regulated and companies need to pay tax? Lets give the public a lower RTP to compensate for increase in costs? That doesnt fit my style, so wont happen at L&L.

Kr. Jan
So the way I am reading into the above Videoslots are using a sledgehammer to crack a nut and in return they could potentially be very significantly increasing their profit margins at the expense of their players. And they did have alternative options
 
Most companies would choose any other option to deal with increasing costs. But sometimes there is no other option!
Forget about the fines and the licensing costs (although it can be 4,000,000 for 3 years).

The tax is as high as 35% of gross income. Not net income, that may be as low as 20% (or less, but I think 25% is the average).
When you apply a tax on gross income that is actually a VAT on every bet!

Take a 96% slot. The 4% is the gross income and 35% of that means 4% x 35% = 1.4% VAT on every bet.

Bigger, smaller, truth is that at a point that VAT on every bet becomes bigger than the net income of the company (I think VS mentioned somewhere that their net income is 15%-20%).

So the bigger issue here is not what the company does (open market and competition can take care of that), but whether or not a VAT on every bet should even exist.
 
Thanks for your clear and transparent input Jan! I wish more casino reps would tune in to give their response to this reduced RTP model being used for the countries mentioned above.
 
The tax is as high as 35% of gross income. Not net income, that may be as low as 20% (or less, but I think 25% is the average).
When you apply a tax on gross income that is actually a VAT on every bet!

Do you have a source on this? Just curious.

Also, the RTP cut is just for VideoSlots right? If so I'll just stop playing there, not a big deal. If it's happening universally, that would be very disappointing as I'll have to quit playing some of my favourite games.
 
As I play only png games I will have to seek out casinos with the true RTPs,
I was fine with the previous changes but this is just going too far IMO.
 
Do you have a source on this? Just curious.

Also, the RTP cut is just for VideoSlots right? If so I'll just stop playing there, not a big deal. If it's happening universally, that would be very disappointing as I'll have to quit playing some of my favourite games.

Compared Book of Dead rtp on Videoslots to Vera John it's 2% less on Videoslots so definitely been adjusted in their favour...
 
Does anything think VS should have sent out emails about it to those people in those countries? I just had some replies to my questions from @Team.Videoslots in the newly accredited thread regarding this very issue. And they said that the news was posted as an announcement which it was and it was actually posted on the 18th February, can you believe it? so nearly 2 weeks ago lol.
 
Do you have a source on this? Just curious.

Also, the RTP cut is just for VideoSlots right? If so I'll just stop playing there, not a big deal. If it's happening universally, that would be very disappointing as I'll have to quit playing some of my favorite games.

At the moment it is only Videoslots, but you should always check the game files from time to time in any casino. A few casinos always had lower RTP than usual (especially when they had the Curacao license too).
 
At the moment it is only Videoslots, but you should always check the game files from time to time in any casino. A few casinos always had lower RTP than usual (especially when they had the Curacao license too).
Game files just means the info section of the game, right?

Also, how is it not grimey as fuck to not inform every customer about this? I just (for the last time) visited VS and entered book of dead. In no way did I receive any information about it. People from these countries are going to keep playing these games without knowing that they're getting literally scammed.

It's like running a subscription service, making a price hike of more than 40% and just announcing it out on a forum somewhere. The vaaaaaaaast majority of all gamblers don't visit Casinomeister. VideoSlots are morally (and should be legally IMO) responsible to inform every player from these countries that it now costs ~40% more to play these games. Either by email or (preferably) by having a pop-up when entering the game; telling you that it now costs 40% more just for you because you live in X country.
 
Game files just means the info section of the game, right?

Also, how is it not grimey as fuck to not inform every customer about this? I just (for the last time) visited VS and entered book of dead. In no way did I receive any information about it. People from these countries are going to keep playing these games without knowing that they're getting literally scammed.

It's like running a subscription service, making a price hike of more than 40% and just announcing it out on a forum somewhere. The vaaaaaaaast majority of all gamblers don't visit Casinomeister. VideoSlots are morally (and should be legally IMO) responsible to inform every player from these countries that it now costs ~40% more to play these games. Either by email or (preferably) by having a pop-up when entering the game; telling you that it now costs 40% more just for you because you live in X country.

I agree! They made a news post, but not on every country site - so most will indeed stay uninformed. I shared my Information in battle chat at first they though I am just one of this crying people who cry every day, every battle about rigged battles, but as I explained and told them to watch the english news they thanked me and were shocked.

It is not well communicated, I know they want to hide it, in best case only a minority noticing it. Just a one time popup after login "RTP Changes - Read News" would have been enough to really get the message to everyone affected.
 
I agree! They made a news post, but not on every country site - so most will indeed stay uninformed. I shared my Information in battle chat at first they though I am just one of this crying people who cry every day, every battle about rigged battles, but as I explained and told them to watch the english news they thanked me and were shocked.

It is not well communicated, I know they want to hide it, in best case only a minority noticing it. Just a one time popup after login "RTP Changes - Read News" would have been enough to really get the message to everyone affected.
Where are the VS news? I'm on the front page of video slots, I don't see any news. I've never read their news, didn't even know they had news. I get mails from "VideoSlot News" but none of them says anything about this.
 
Do you have a source on this? Just curious.

Also, the RTP cut is just for VideoSlots right? If so I'll just stop playing there, not a big deal. If it's happening universally, that would be very disappointing as I'll have to quit playing some of my favourite games.
Quite a few casinos have the secondary 94.xx% PnG settings. It's always best to check the helpfiles first.
Although it's not compulsory, in all countries, for the RTP settings to be shown in the helpfile.
Thankfully it is, in the UK
 
The news post that was posted about the rtp changes - dated 18th feb - i never originally saw as i tend to check that news feed every day, so Im not really sure where thats appeared from :laugh:. The rtp of book of dead for example, was still 96% either yesterday or the day before so must be just since then png have been lowered. Its disappointing, especially changing it just before the battle weekend, but if that's how it is ill start avoiding png games now on Vs unless they are part of a battle.
 
Does anything think VS should have sent out emails about it to those people in those countries? I just had some replies to my questions from @Team.Videoslots in the newly accredited thread regarding this very issue. And they said that the news was posted as an announcement which it was and it was actually posted on the 18th February, can you believe it? so nearly 2 weeks ago lol.

Yes. It would've been the decent thing to do. To their credit, they announced it here and on their site, but emailing affected customers would have been even better. Some casinos don't even show this information on the game help files (if they are not required to).

Lower RTP settings on games for some customers is not fair. Supplying games at the highest available RTP to all customers will be an competitive advantage for casinos that choose to do so.
 
The news post that was posted about the rtp changes - dated 18th feb - i never originally saw as i tend to check that news feed every day, so Im not really sure where thats appeared from :laugh:. The rtp of book of dead for example, was still 96% either yesterday or the day before so must be just since then png have been lowered. Its disappointing, especially changing it just before the battle weekend, but if that's how it is ill start avoiding png games now on Vs unless they are part of a battle.
The Swedish News says it's been like this in all these countries since... 7th of February. So if what you say is true, we've been scammed for nearly a month..

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- Check the date.
 
I also noticed the battle chat is mysteriously not working now, is this to stop people spreading the news.
 
They have shaved:

  • Their affiliates on the sly
  • The battle of slots
  • Your player rewards
  • Your tournament rewards
  • AND your RTP
I have a big player that is complaining that they have lost 2-3k in a few days and ONLY earned 25 spins at 0.10c a pop and some stupid multipliers for the weekend booster. That's insanely bad.

Support are apparently also rather dismissive and telling them about how great the new wheel is and that their loyalty or VIP department is replaced by this said wheel of rewards.

I know some of my players quite well, and if they complain I try to assist them. After all, I am a player myself.

I've even tried to raise this with the affiliate managers and have been told 'Sorry we don't cater for VIP's or Big Spenders'

I don't play at Videoslots as I found their team to be arrogant so I ended up closing my account there.

I can feel the players pain though, and he has sent me some emails and all I can say is that for the amount he deposited, his rewards are a disgrace.

If this is the route they are going - literally shaving anything and everyone in their path - all I can say is wow.. and good luck to those who intend spending their hard earned cash there with reduced RTP's to boot.

Nate
 
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Do you have a source on this? Just curious.

Also, the RTP cut is just for VideoSlots right? If so I'll just stop playing there, not a big deal. If it's happening universally, that would be very disappointing as I'll have to quit playing some of my favourite games.

Various sources, articles, reports and posts here at CM. Latest was the thread about Netherlands regulations.
There are many places with lower RTP. Like Lucky Dino for example. You have to look for the RTP on help files and if it is not there ask.
No GC that I know of forces them to notify players about changes. Some don't even care if the RTP is on the help file.
 

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