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

[colinsunderland]

I would like to think that some of that £€4 per 100 makes its way back to the game providers to be honest, so they can earn revenue from their slots

And there are loads of other costs that have to come out of that £€4, including operating costs, marketing, and of course, tax. If online casinos made so much money, why do a lot of them end up going down the toilet?

It's a tricky situation for sites like VS. However they absorb those tax increases someone is going to suffer. The UK wants more tax revenue but the UKGCC have implemented rules that stifle the operators' ability to pay those amounts and maintain their profit levels. The profit-margin when operating slots at 96% RTP is razor-thin when you factor everything in. Shaving a couple of percent off the RTP of a fraction of the slots they offer is preferable to them laying off staff or charging for deposits. Yes, the way it has been 'announced' hasn't been to everyone's taste but in all fairness how do you announce bad news like this? There are no real examples to follow. I say VS have felt obligated to mention it somehow without drawing too much attention to it. There's no way to spin something like that into a positive. No-one comes out of it a winner apart from the UK government, who will have extra money to fritter away on running the country into the ground.

As much as I agree, and no company wants to announce bad news, VS's are on here 7 days a week promoting new games etc. Allowing players to play at the lower RTP without informing them is pretty bad tbh. If it was Casumo or LeoVegas then it would still be bad, but at least they aren't on here daily promoting themselves, so they would have the excuse, 'we don't use the forum to announce changes, good or bad'. VS's don't have that as they are on here daily. As for it being posted as 'news' on the site so everyone see's it, it either wasn't there on the date it was said to be posted, or no one reads the news as not one person picked up on it for 2-3 weeks depending on the country you are in, so that is hardly informing everyone.

 

[BosjeR]

FWIW margins are not razor thin, a lot of gaming companies run at 30, 40% margins. So sure taxes will impact that, but taxes also imply new business due to legality, stronger stock value due to stability etc etc. Companies using this as an excuse to lower rtp should not get sympathy from the players, the margins are good enough for other solutions.

 

[xexe]

Does this say 2017?
Do you have the gambling act in english? I can find it but it may take some time.

Is everybody an "affiliate"?

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...No, I never said that everybody is an affiliate, where'd you get that from?

And I think the official Swedish government website about the law itself is more reliable than whatever you can find, don't you think?

 

[nikantw]

...No, I never said that everybody is an affiliate, where'd you get that from?

And I think the official Swedish government website about the law itself is more reliable than whatever you can find, don't you think?

I have been unsuccessful in finding the tax part in the government site so far. Can you help?
The doc you posted is one proposal from 2017.
I found one 2018 law about gambling in Swedish but I dont think it says anything about the tax in its 26 pages.

 

[xexe]

I have been unsuccessful in finding the tax part in the government site so far. Can you help?
The doc you posted is one proposal from 2017.
I found one 2018 law about gambling in Swedish but I dont think it says anything about the tax in its 26 pages.

I linked it to you, here's another Swedish government body, this one from february 2019.

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Spel för allmännyttiga ändamål är fortsatt skattebefriade medan övriga betalar 18 procent skatt på behållningen.

=Charitable games are continuously tax exempt while the rest pay 18 percent tax on the net+-

 

[Reelsoffun]

charging for deposits.

That would be the nail in the coffin for me if VS ever went to that route, I don't EVER play at any casino that charge for deposits, withdrawals or both, no player should IMO.

 

[steveh35]

Would people be happy to have a 1x or 2x on battle wins or is any wagering on battle wins a no no?

 

[DreamRJ]

That would be the nail in the coffin for me if VS ever went to that route, I don't EVER play at any casino that charge for deposits, withdrawals or both, no player should IMO.

But VS already have a 2.50 charge when you do more than 1 withdraw a day. So for example, the first withdraw every 24 hours is free. But if you do more withdraws in the same day it then incurs a charge of 2.50. I do not agree with them either. But VS still is a great casino. So I kinda do not let it bother me too much as they have other aspects that make it not as painful.

 

[Mr Wild]

Except VS. Here are some other companies the recently change RTP as well. Not sure how they communicated it, but maybe some customers here can tell us.

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Speedy Casino
Ninjacasino
Karamba
Hopa
MrPlay
Goliath Casino
Lucky Dino

More companies will for sure have to go this route, specially on high taxed markets.

 

[Tirilej]

Except VS. Here are some other companies the recently change RTP as well. Not sure how they communicated it, but maybe some customers here can tell us.

Casino Heroes
Speedy Casino
Ninjacasino
Karamba
Hopa
MrPlay
Goliath Casino
Lucky Dino

More companies will for sure have to go this route, specially on high taxed markets.

What you haven't realized though is that we rather would have lost some more of what you give as battle tickets, or weekend boosters, or whatever. Just not make us split up, or take away the feeling of having a chance to win.
You made the wrong decision this time!

 

[Mr Wild]

With all respect, and I guess the whole community can notice this, but bonuses are less and less. That's something I'm sure you experience on our end as well.
One thing, I'm happy L&L is not yet mentioned in that topic of shit promotions

And on another note: Imo it's not the introduction of tax, but the increase in costs in order to be compliant that result in less margin for a casino operations.

Kr. Jan

If you reduce bonuses, you are reducing the Return to Players!

 

[brianmon]

Except VS. Here are some other companies the recently change RTP as well. Not sure how they communicated it, but maybe some customers here can tell us.

Casino Heroes
Speedy Casino
Ninjacasino
Karamba
Hopa
MrPlay
Goliath Casino
Lucky Dino

More companies will for sure have to go this route, specially on high taxed markets.

I think you'll find that most of those sites and many others, have always had the lower RTP. So there'd be nothing to communicate.

 

[Buffalo Bill]

Most bonuses have been reduced to the point of practically worthless to a lowroller anyway, would much rather have best chance of winning big on a slot, than getting a 2x weekend booster reward.

 

[geordiecolin]

Except VS. Here are some other companies the recently change RTP as well. Not sure how they communicated it, but maybe some customers here can tell us.

Casino Heroes
Speedy Casino
Ninjacasino
Karamba
Hopa
MrPlay
Goliath Casino
Lucky Dino

More companies will for sure have to go this route, specially on high taxed markets.

I do not see many of those casinos on the accredited list. But I wondered how long it would take for the Videoslots backseat rep to turn up to do their bidding

 

[Mr Wild]

What you haven't realized though is that we rather would have lost some more of what you give as battle tickets, or weekend boosters, or whatever. Just not make us split up, or take away the feeling of having a chance to win.
You made the wrong decision this time!

RTP builds up big wins in most games and reward one player. We at VS think it is better to keep higher bonuses to reward more players and give them longer playing time. That is hard to do when taxes are increasing on some markets so only way to keep bonuses is to reduce RTP in our opionion, that might not be shared among some of our competitors or some of our customers and we respect that feedback.

 

[Mr Wild]

Most bonuses have been reduced to the point of practically worthless to a lowroller anyway, would much rather have best chance of winning big on a slot, than getting a 2x weekend booster reward.

VS bonuses are back to as before with new wheel of jackpots, I would even dare to say they are higher . They are just not given out the same way as before and yes some customers will of course be effected negative by this and others positive. But before others was effected negative and postive.

 

[Buffalo Bill]

Yeah like reverse Robin Hood, take from the poor to give to the rich.

 

[Mr Wild]

I think you'll find that most of those sites and many others, have always had the lower RTP. So there'd be nothing to communicate.

I just answered the ops question.

"Are you aware of other casinos that are running games on the reduced RTP's?"

 

[Tirilej]

RTP builds up big wins in most games and reward one player. We at VS think it is better to keep higher bonuses to reward more players and give them longer playing time. That is hard to do when taxes are increasing on some markets so only way to keep bonuses is to reduce RTP in our opionion, that might not be shared among some of our competitors or some of our customers and we respect that feedback.

It doesn't matter because we all have the same chance. It's the same with bonuses. If you think I am getting the same back as before in rewards or bonuses you are fooling yourself. I and we all have lost a lot that we took for granted before.
We accepted that because we knew you had to save money to be able to keep going. This is not accepted.
I will simply stop playing PNG games because I'm aware now of the change. Sadly not everyone is.

 

[Mr Wild]

Yeah like reverse Robin Hood, take from the poor to give to the rich.

Which bonus are you referring too?

 

[brianmon]

I just answered the ops question.

"Are you aware of other casinos that are running games on the reduced RTP's?"

No, you stated that those casinos had recently changed the RTP, without communicating it to their players

 

[Buffalo Bill]

Everything for me it seems, the clash of spins might as well not even exist and unless your at a high level the jackpot wheels seem to give me nothing either some 2x weekend booster rewards. On a good week i manage to get £5 cashback so thats a moot point also.

 

[lockinlove]

Except VS. Here are some other companies the recently change RTP as well. Not sure how they communicated it, but maybe some customers here can tell us.

Casino Heroes
Speedy Casino
Ninjacasino
Karamba
Hopa
MrPlay
Goliath Casino
Lucky Dino

More companies will for sure have to go this route, specially on high taxed markets.

How accurate is this post because Lucky Dino has always had low rtp settings.

 

[geordiecolin]

How accurate is this post because Lucky Dino has always had low rtp settings.

Videoslots and their backseat rep don't want us to look into things too deeply. This guy is only ever wheeled out in an attempt to quell unrest.

 

[Mr Wild]

No, you stated that those casinos had recently changed the RTP, without communicating it to their players

I said I was not sure how it was communicated and said someone else had to answer that.