Videoslots Deposit Bonus
You can get Videoslots bonus code once. It is a one-time offer when you sign up for a new account. When you enter the Videoslots bonus code, you will be able to get a bonus on your first deposit. The VideoSlots offer unlocks a 100% deposit offer (€200) in February 2021 for new players without entering a Bonus Code. Try out slots from Red Tiger Gaming, Playtech as well as Big Time Gaming as.
VideoSlots online casino is an online gambling platform that is owned by Panda Media Limited Casinos. The casino was established in 2011, meaning that, as of the writing of this review, they have been operational for just over six years. The casino is registered in Curacao, and also has licenses from the Malta Gaming Authority and the UK Gambling Commission. VideoSlots Casino is accessible from PC and smartphone. It features well over 2,000 games, and the catalogue continues to grow by the day. Here’s a more in-depth look at this casino.
VideoSlots Customer care
Casinos are complex entities; you might not be able to figure out everything by yourself. That is why good online casinos have responsive support for their clients. Between gameplay, transfer of funds and withdrawal of winnings, there is a lot that could get stuck. In such instances, you will need the casino to be fast in addressing your issues. VideoSlots Casino takes care of this in three ways. The first method is live chat, which is available on the website. The second is a callback, whereby a player fills in a form and then waits for a customer rep to call back. The third is email and, in this respect, VideoSlots has been known to reply within 12 hours.
Security
Of course, you will need to take additional care of your security by using complex passwords and secure Wi-Fi connections.
VideoSlots Deposits and Withdrawal
VideoSlots accepts deposits in the major currencies of the world. It also accepts many of the deposit platforms such as Skrill, Flexepin and Wire Transfer among others. Withdrawals are only allowed on:
- Neteller
- EcoPayz
Withdrawal times depend on the platform of choice. For eWallets, you can get your withdrawals within an hour. For credit and debit cards, withdrawals also take an hour. Bank transfers take anything up to 24 hours, and checks are not an option.
Bonuses
The casino offers new registrants 11 welcome spins. In addition, there is an offer of a 100% bonus on up to the first €200, and sometimes (bonus may vary) a free bonus on the initial deposit for new players. Players will also note that there is an amount of €80,000 available in the casino races.
VideoSlots key Terms & Conditions Apply
11 Welcome Spins (all new registrations) (old was Free spins)
- You will receive 11 welcome spins in a random game upon first registration.
- You have 7 days to activate the bonus, once activated welcome spins must be used within 24 hours.
- No deposit required to play.
- All winnings from welcome spins need to be wagered 40 times in the same game as the welcome spins were given within 24 hours to be eligible to make a cash out of the winnings.
- You can withdraw a maximum of € 10 from your winnings.
- You must be 18 or over to play and 21 in countries where that is the minimum age by law.
- Play Responsibly.
100% deposit bonus up to €200
- We will match your deposit up to €200 on your first deposit.
- €10 minimum deposit required.
- You are required to wager the bonus amount 20 times before you can withdraw the bonus funds.
- You can forfeit the bonus and take the winnings and paid out bonus funds. Only the remaining balance of the bonus which has not yet been released will be forfeited
- Bonus will be paid out in 10% increments to your cash account.
- Jackpot games do not contribute to the conversion.
- Maximum bet per spin is either 50% of your deposit up to €20.
- You must be 18 or over to play and 21 in countries where that is the minimum age by law.
- Play Responsibly.
Extra cash on your first deposit
- Sometimes you will receive some bonus cash from us when you make your first minimum deposit
- You are required to wager the bonus amount 25 times before you can withdraw the bonus funds.
- You must be 18 or over to play and 21 in countries where that is the minimum age by law.
- Play Responsibly.
VideoSlots Software
The casino does not devise its games internally. Instead, it licenses games from seasoned providers such as NetEnt, Play’n GO, Betsoft, Microgaming and Green Tube. By using these software providers, the casino ensures that the players are enjoying a wide variety of high quality games. VideoSlots casino has both the support and content for players looking for smooth gaming. The only disappointment is that they are not accessible to players from all over the world.
The operator will face a SEK250,000 (£22,000/€24,800/$30,000) per week fine if the issue is not corrected.
During an inspection to ensure operators complied with the country’s controversial deposit cap, Spelinspektionen requested information explaining how Videoslots enforces its deposit cap in July.
In its response, the operator explained that it was impossible to log in without setting a deposit limit of SEK5,000 or less per week. This was supported by a test, inspection and certification report from an accredited testing lab.
Free Video Bonus Slots
However, Videoslots initially chose not to answer a question about reverse withdrawals, where a customer cancels a decision to take funds out of their account.
When it did produce evidence on this matter, Spelinspektionen found that players could effectively deposit more than SEK5,000 in a week by reversing previous withdrawals, which could be as much as two months old. Videoslots said the feature existed due to player requests.
Spelinspektionen noted that the operator also complied with bonus and login time limits, and that it did require players to set a deposit limit of up to SEK5,000 upon login.
Videoslots Deposit Bonus Code
However, it said the reverse withdrawals clearly allowed a player to circumvent the law.
“The regulations state that the upper limit for deposits at commercial online gaming amounts is set at a maximum of SEK5,000 per week and that the licensee is obliged to ensure that the limit cannot be exceeded,” Spelinspektionen explained.
The regulator added that Videoslots’ deposit cap amounted to little more than a warning to players, rather than something that was fully enforced.
“With Videoslots’ interpretation of the provision, it would be sufficient for a licensee to state to players, ‘You have a deposit limit of SEK5,000 per week for commercial online gaming,’ no matter how much money can be deposited and used for online gaming in practice,” it said. “Spelinspektionen does not share in that assessment.”
Although it noted that reverse withdrawals were in place before the deposit cap came into force, the regulator said this did not change the fact that they meant Videoslots violated the rules.
The operator argued that the deposit cap was contrary to EU law and said it was pursuing legal action against the Swedish state over the rules.
However, Spelinspektionen rejected this interpretation. It pointed out that the freedom to offer services within the EU may be restricted, in order to protect the public interest, provided the measures are proportional.
The regulator ultimately ruled that the violation was not trivial, and therefore warranted more than a warning. Equally, it added, it was not serious enough to merit a licence suspension.
Videoslots Deposit Bonus 2019
As a result, it issued an injunction to remove reverse withdrawals. Failure to do so will see the operator incur a fine of SEK250,000 per week until the change is implemented. When the change is brought in, Spelinspektionen must also be notified.
The operator said it will comply and remove reverse withdrawal functionality, but added that it still did not believe that it was in breach of the temporary regulations.
“Videoslots notes the decision made by the Swedish regulator and is pleased that it confirms compliant implementation of the bonus, deposit and time limits put in place by the Swedish government to counter a perceived increase of risks during the Covid-19 pandemic,” Videoslots said.
“According to the decision, these regulations also prohibit the withdrawal-related functionality which remained in question. We will comply and remove this functionality, having already offered to do so during the assessment.”
Videoslots called for greater clarity around the rules, in order to ensure that further operators do not unknowingly break them.
“We do not, however, believe that we were in breach of the COVID-19, or any other regulations, and call for greater clarity to aid responsible operators like ourselves. Furthermore, we maintain our position that these regulations are both unreasonable and unjustifiable.”
Finally, it added that it believed the cap might actually be a negative for player protection, as it may push players towards the unregulated market.
“Not only are they contradicted by facts and damaging to licensed operators, they are also completely counterproductive to their declared aim of player protection and push players into the arms of illegal operators,” it said. “We will therefore continue to challenge these regulations.”
The injunction against Videoslots marks the third time the regulator has taken action over apparent violations of the deposit cap.
In December 2020, it fined both Kindred brand Spooniker and former racing monopoly AB Trav och Gallop (ATG) after discovering a different loophole in each operators’ enforcement of the cap.
At ATG and Spooniker, players could set a higher cap, but those who did could not play casino games. However, a player could simply set a high limit, deposit more money and then lower their limit and play online casino games with more than SEK5,000.
The deposit cap was implemented in July 2020 and although it was intended to last only until the end of that year, it is now set to be extended until June 2021. It has drawn opposition from across the gambling industry, including operator association Branscheforenigen for Onlinespel (BOS).