Videoslots cut the RTP on Play &go slots for swedes atleast

[Tussilago87]

Just wanted to inform that the videolots has cut the RTP (return to player) on play&go slots for swedish players atleast.

 

i mean, book of dead usually is at 96.21 RTP, now it is set on 94.25

 

checked the following slots and all is set at around 94% RTP now

Book of dead

irongirl

Moon princess

reactoonz

rise of olympus

gemix

planet fortune

probably is the same for all play and go

 

just a heads up, i did not know that they have done this.

 

 this explains why i have ran so cold lately i guess...

 

[Roedgaard72]

Yeah they did that weeks ago. Pretty sad! It also goes for Red Tiger,Pragmatic and I think IGT?

[Yug0Slavish]

It’s not only for Swedes..

Sweden, Germany, Austria, Ireland and United Kingdom, all of these get lowered RTP on PlayNGo, Pragmatic, Red Tiger and IGT. Videoslots have stated that if/when more suppliers start to support adjusted RTP, then they will lower the RTP for the affected markets. According to Videoslots, this has to do with the regulated market in the countries mentioned and that they have to pay taxes.

I play a lot on Videoslots, but messing with the RTP is a very dangerous way to go, i will continue to play at Videoslots, but not the providers that have the lower RTP, i will simply play them somewhere else. If the day comes when all providers support adjusted RTP, i will simply stop playing there. Would have been better if they removed all of the shitty low value freespins and other promotions before touching the RTP!

[Cloudwolfe]

Is that the figure under "actual" or "theoretical" RTP? I've been under the impression casino sites cannot manually adjust RTP and would be surprised if they did.

Theoretical RTP for me still shows BoD at the old 96.2, but then I'm not from those countries. Any chance of a screenshot?

[TalkingSlots]

Some suppliers offer a range of rtp options to operators. You still see the higher rtp since you are not in one of the markets mentioned.

Videoslots is doing this because they claim their margins due to tax in regulated markets are not long term sustainable. In order to increase their profitability they have cut down on some of the rewards given, and have lowered the rtp where suppliers give that option.

IMHO I find it surprising that a casino business struggles because of tax. Most companies had 30-40% margin, even dropping half of this due to tax is still massively higher margins than most industries. The added benefits of a regulated market should compensate for the tax as well (clean revenues, bigger market, increased threshold for smaller competition...)

Maybe they were already struggling before this, which would explain their actions as dropping rtp is quite a Hail Mary move. Your short term gains will increase, but you reduce lifetime and loyalty of players, so they are setting themselves up for bigger worries half a year from now. If they see this as their final chance of making it work it makes sense. But that in itself is quite worrying.

 

[Goldrush2019]

outrageous! no wonder why every single Book of dead feature i got on Videoslots paid at so poor in the last few weeks, less than 20x and ive throw over 3K in the flipping machine over the course of 2 weeks.

the RTP seems to have varied massivley not by a small percentage, also the rate at which the feature triggers is also become signficantley harder. I have many years experience of consistent play on this slot so i know the usual patterns and expected return down to a tea.... something is not adding up at Videoslots and it was my fav casino but looks like i need to go elsewhere to play play n go slots from now!!

very dissapointed

[TalkingSlots]

@Goldrush2019

A drop of 2% in RTP sounds little, but it actually means you lose a lot faster. With your example of 3k:

Let's say margin is 4% (RTP is thus 96). To lose 3k, one would have a turn over of 75.000.

If we drop the RTP to 94, then that 3k is lost after turning over 50.000.