Agree that casino promos are been cut every where, but it felt like Videoslot did push the panic button. Last month there where no sng weekend this month you have 5 days to deposit and wager the 500€ to take part in the sng weekend. + the cut alot in achivment rewards and daily Fs battles.
If this was long time plan, then i would presume that they whoud have sent a e-mail or give the info before, to all players that will happen and becouse of(taxes, big fine Vs did have to pay...)
Vs dont have any oblications to give this info in andvance but before with dan the man in charge there was more tranparency. VS is still a great site but i get the same feel when pokerstars whent from best site to play on to more rake is better (for the players)
To be honest, I have been asking myself a few times how VS could afford the level of generousity?
In the last 3 years, the rewards, goodies and extras knew only one way, and that was up. Weekly Race Pool raised from $10,000 to $90,000, SnG Freerolls from 1 game to multiple games, plus happy hours, extra battles with 5K spins pools, free battles from 500FS and 200 players to 1,500, 3,000 and 4,500FS with 1,500 and 2,250 players etc, etc. I think we can safely say, they have given back to players whatever was possible and kept increasing it time and again.
You see, the thumb rule for a casino to run profitable was for years 25% - 30% max for the deposit/bonus ratio. Having all extras in cash like VS reduces that to roughly 5 - 10%, depending how efficient you run the casino. This was like 3 years ago, but since then regulation, taxes etc has increased the cost significantly, so those ratios might be much lower today.
However, running a casino with cash rewards only is not that flexible. With bonuses you can increase WR, change game weighting, reduce max bet size etc. Players still get a similar level on bonuses but they have to work harder to convert them to cash. There casinos introduced max. win amounts to limit their risk.
Having all cash rewards, means you have to take something directly off the rewards, there is no other way. So, any reduction/change is immediately visible.
Now, getting 10% tax or whatever the number is and other stuff slapped onto your overheads is putting a lot of pressure on your profitability and that being the only way to stay in business, you have to cut the goodies/giveaways.
VS started by changing gradually the game rewards, e.g. $10 battle ticket instead of 100FS for 10,000 wins on Bonanza. They tried to be creative by still giving something substantial but limiting their cost. What happened now, is they know now exactly how much extra cost will be heading their way next year and they have no other way then cutting directly on the rewards because they are virtually a no-bonus casino, hence, little room to achieve a reduction by making bonus terms more stringent.
However, IMO, they still offer by far the best overall package for regulars. No other casino will give you $2.50 every Monday if you complete 100 spins at $0.20 (that is about the level to get the lowest in prize money in the weekly race). I have no plans whatsoever to look for any other gaming hangout, nor will I start depositing less at VS just because I get 10 - 20% less in rewards.