colinsunderland
RIP Colin
- Joined
- Jan 28, 2016
- Location
- uk
Hello everyone,
I would firstly like to apologize that we have not been clear in the information going out to everyone, the cause for this has been internal misinformation and we have been talking on how to proceed in the correct way from here.
The Jackpot winnings will get paid, in full, to the winner. For any upcoming Progressive Jackpot winner, their money will also be paid out, in full, to them as we believe that it is the best way to handle such winnings.
Br,
Daniel.
videoslots is an upstanding casino and when it comes to ethics they usually lead the pack on how to act.Wow! Really didn’t expect that. Thanks very much Dan and for all those that have posted on here - I didn’t mean to cause an issue at all but glad it’s been highlighted and resolved for future winners. Cheers
@Casinomeister could maybe have a think about that one.videoslots is an upstanding casino and when it comes to ethics they usually lead the pack on how to act.
I bet you there is maybe a handful of casinos, if any that would have paid fully in this way especially after Bryan chimed in and said they arent obligated.
Enjoy.
@Casinomeister could maybe have a think about that one.
The reason the rule for accreditation is there, is to prevent unscrupulous casinos holding onto a network progressive after they've received it from the provider.
But in the case of a local progressive, the jackpot has already been 'received' by the casino from their customers playing the game. It's the contribution from their stakes, which builds the jackpot, and is already included in the TRTP.
Or specify 'network progressive' in the rules, to save any future confusion
Wow! Really didn’t expect that. Thanks very much Dan and for all those that have posted on here - I didn’t mean to cause an issue at all but glad it’s been highlighted and resolved for future winners. Cheers
Hello everyone,
I would firstly like to apologize that we have not been clear in the information going out to everyone, the cause for this has been internal misinformation and we have been talking on how to proceed in the correct way from here.
The Jackpot winnings will get paid, in full, to the winner. For any upcoming Progressive Jackpot winner, their money will also be paid out, in full, to them as we believe that it is the best way to handle such winnings.
Br,
Daniel.
What I mean by shared pool, is that the money is held by the software provider and that all of the casinos that host that progressive game have contributed funds into that pool. This means that when the progressive jackpot is paid out, it is coming directly from the software provider (Netent, Playtech, Microgaming etc.). It is not coming from the casino's coffers - and has nothing to do with the casino's revenue flow.
The reason for this rule in the standards is to eliminate situations where a player wins millions but can only withdraw small amounts each month - like what happened here: Playtech Progressive Scandal.
That progressive win did not belong to the casino - and they confiscated nearly half of that in the most devious way.
@Casinomeister could maybe have a think about that one.
The reason the rule for accreditation is there, is to prevent unscrupulous casinos holding onto a network progressive after they've received it from the provider.
But in the case of a local progressive, the jackpot has already been 'received' by the casino from their customers playing the game. It's the contribution from their stakes, which builds the jackpot, and is already included in the TRTP.
Or specify 'network progressive' in the rules, to save any future confusion