I came to the thread earlier as I wondered only this morning about the Will Hill promo for £5 on a king jackpot slot. Winnings from free cash capped at £20. Would this apply if a JP was won do you think? and would Will Hill keep the payout from the provider?
Think it's 30,000 Euros and although it's a progressive it's still considered a local jackpot.What reason did they give for paying in installments? I'll be honest, I wouldn't be happy with this, it is clearly a progressive Jackpot. I can't see anything in the T&C's that state the payouts are different if its local or networked.
Why only £24600 when the T&C's state £30000?
- Account holders may only withdraw the maximum amount of £ 30,000 per month, unless a larger amount has been agreed with Videoslots. Then the Account holder is paid an amount of £ 30,000 per month until all winnings has been received.
Think it's 30,000 Euros and although it's a progressive it's still considered a local jackpot.
6 months is pathetic. If this was any other. casino it would be 5 pages long.
Player should be paid in full
The CM standards for the progressive jackpots to be paid out in one lump sum or so are based on the logical presumption that it is a from a shared pool of funds. If it is from a non-shared pool (like in this case), then their payout policies apply. I will update the CM standards to reflect that. This is not the time to start badgering the casino rep. Thanks!
I would be thrilled to have won that much money, even if that means having to wait 6 months for it. That is, as long as the money doesn't sit there to be played away.
To the OP, I would do some negotiation with VS. It does say in their T's and C's that the max withdrawal of £30k can be changed by mutual agreement.
As mentioned above the difference in this case is that the money is not held by the software provider. The limit of 30k will almost always be enforced by VS, as this case proved, if the money is not from the software provider.
But we should give VS a credit for having players money secured (medium protection) something not many others do.
Yes a good idea. Pretty disappointing though if that's the best videoslots can do. I hope Dan comes back with something more positive.I’ve been offered a Play Block on my account - a great idea I think
But the terms and conditions don't say that, they say progressives will be paid in full. This is a progressive jackpot. It also says £30k per month, yet they are paying £24.6k.
On the UK version it is £30000Its in euros (the limit) and apparently not categorized as a progressive jackpot (this win).
2.15 When and if, there are jackpot games on the website, an account holder who won a jackpot of more than € 50,000 in the progressive slots, may have to wait up to 30 working days on payment from the time of the jackpot. Account holder can then choose to take out the full jackpot profit, regardless of size.
For winnings that are not categorized as progressive jackpots, the following applies:
- Account holders may only withdraw the maximum amount of € 30,000 per month, unless a larger amount has been agreed with Videoslots. Then the Account holder is paid an amount of € 30,000 per month until all winnings has been received
But even the game rules in the helpfile categorise it as a progressive.Its in euros (the limit) and apparently not categorized as a progressive jackpot (this win).
2.15 When and if, there are jackpot games on the website, an account holder who won a jackpot of more than € 50,000 in the progressive slots, may have to wait up to 30 working days on payment from the time of the jackpot. Account holder can then choose to take out the full jackpot profit, regardless of size.
For winnings that are not categorized as progressive jackpots, the following applies:
- Account holders may only withdraw the maximum amount of € 30,000 per month, unless a larger amount has been agreed with Videoslots. Then the Account holder is paid an amount of € 30,000 per month until all winnings has been received