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Online Casinos in general: Consequences after July 1, 2021 (Page 53)

Topic created on 18th May. 2021 | Page: 53 of 95 | Answers: 942 | Views: 337,331
Byrrrd
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Consequences after July 1, 2021

25th Jul. 2021, at 02:06 pm CEST#525
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Senad_V wrote on 22/07/2021 at 09:30
Good morning

I read since the beginning of this contribution every single page
however, to date is nothing but assumptions and quite clever one is not from it there is also no info regarding consequences steadily it is about withdrawals to bypass the bank payout and, "strong payment providers" and the bad rtp but the real issue is whether one makes himself now punishable if one plays at casinos the German gambling treaty does not bend or there are already players who have suffered any legal consequences and whether the casinos continue to invoke the service relationship and thus everything is legal

I do not play since the changes and let's be honest: RTP, tax or not, the main reason for the whole discussion is that all the "normal" things like max. bet size, elimination of autospins, no bonus buys, disappearance of games / providers, are the main reason for the bulk of the posts in this thread

Ok, then I'll pay 5% more per spin, etc. and I'd still play in any German licensed OC advertised by the drizzling ads, but I just refuse to give a thumbs up to this oppressive law instigated by tax authorities and the two biggest German casino operators by continuing to play in a German OC.

Since one is probably at present - who knows what else comes - really pushed into a more illegal (yes, word creation) corner than before, if one does not play in a German OC, it is just over. The hope remains that the other European countries will get up on their hind legs and make a statement.

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Klempo77
Expert

Consequences after July 1, 2021

25th Jul. 2021, at 03:47 pm CEST#526
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I wonder, because of this drastic RTP reduction...
Germany can, theoretically, licensee say "minimum payout ratio is 96%", right?

Just like MGA did back then

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Filipevr6

Consequences after July 1, 2021

27th Jul. 2021, at 07:16 pm CEST#527
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Since that is so I win nothing more, no free spins nothing not even on 5 cents...Platincasino, King Billy earlier I have actually won there times now nothing more it does not appeal when he only eats.

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Discipline

Consequences after July 1, 2021

27th Jul. 2021, at 10:28 pm CEST#528
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Klempo77 wrote on 25.07.2021 at 15:47: I wonder because of this drastic RTP reduction...
Germany can, theoretically, licensee say "minimum payout ratio is 96%", right?

Just like MGA did back then


That would be nice and of course also in the sense of the players. But how should an RTP of at least 96% work, if Germany as a licensor levies 5.3% tax per spin? If I add that up, it would be 101.3% - that means that the casino would effectively run at a loss. Of course, this does not work. Therefore, it will not happen
We have to hope that at some point the EU will make a uniform regulation, so that it does not matter from which EU country you gamble. That would only be fair in order to do justice to the freedom to provide services in Europe. We are restricted in Germany by the state in our right as EU citizens (for MGA-licensed casinos) by the treaty, so that this treaty is legally highly questionable, if not illegal

But as long as you can cash in and sell the citizens even as "player protection" it is perfect. Welcome to Germany.

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Falko
Icon

Consequences after July 1, 2021

27th Jul. 2021, at 10:49 pm CEST#529
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Discipline wrote on 27/07/2021 at 22:28
That would be nice and of course in the sense of the players. But how should a RTP of at least 96% work if Germany as a licensor levies 5.3% tax per spin? If I add that up, it would be 101.3% - which means that the casino would effectively run at a loss. Of course, this does not work. Therefore, it will not happen
We have to hope that at some point the EU will make a uniform regulation, so that it does not matter from which EU country you gamble. That would only be fair in order to do justice to the freedom to provide services in Europe. We are restricted in Germany by the state in our right as EU citizens (for MGA-licensed casinos) by the treaty, so that this treaty is legally highly questionable, if not illegal

But as long as you can cash in and sell the citizens even as "player protection" it is perfect. Welcome to Germany.

The 5.3% tax does not affect the RTP. If you always spin on 1 Euro, then 1.053 Euro is deducted from your account balance. So you pay then per spin 1 euro + 5.3 cents. Unfortunately, this is how it works that more is deducted than what the actual spin costs. Fair would have been instead you pay 10 euros, deduct 53 cents and the tax would be settled

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Discipline

Consequences after July 1, 2021

27th Jul. 2021, at 11:43 pm CEST#530
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Falko wrote on 27/07/2021 at 22:49
The 5.3% tax does not affect the RTP. If you always spin on 1 euro, then 1.053 euro is deducted from your account balance. So you pay then per spin 1 euro + 5.3 cents. Unfortunately, this is how it works that more is deducted than what the actual spin costs. Fair would have been instead you pay 10 euros, deduct 53 cents and the tax would be settled.

But that is not the case in all casinos. I know that it is so at the Platin Casino. But they still have the old RTP for it, while other casinos have already introduced the low RTP

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MisterL
Expert

Consequences after July 1, 2021

28th Jul. 2021, at 02:15 am CEST#531
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RTP of 85% Plus 5.3%tax=20.3%loss per spin
5 spins a 1euro = 1.25 minus
Before rtp 97%= 5 spins =15 cents loss
8 times more loss

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Sarkasto
Expert

Consequences after July 1, 2021

28th Jul. 2021, at 04:46 am CEST#532
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Liked this post: Avatar von Saphira Saphira
I find it remarkable that (mind you) the mga has already changed something regarding rtp weeks before July 1... there was somehow the talk that 88-92% or so is the new measure of all things... We were all upset. And now we have such jokes as 84% rtp at lod (betano) and the like.... That should explain me times, why the mga has changed their guidelines shortly before GlüStV so player unfriendly
Was that quasi to adapt to the "competition" (other license halt) or are they with DE iwie under a blanket? Werd from the crap at the moment really not clear...

And another small statement from my side: If it really has to be with the RTP reduction, then I agree with the idea to simply reduce All Slots to ~90%
Gambola for example writes that in their eyes it would be more acceptable for the players to tax every spin and that is in my eyes a no-go... even the winners are punished and the whole slot system is basically based on the fact that many lose and a few win. The RTP simply down everywhere would change the basic idea nothing, but this 5.3% (why eig KOMMA 3?! Ah yes, the greed.), funnily rounded up to 2 decimal places! Since one pays halt also on 1 cent Spins 1 cent fees. That is in this case ne 100% tax... Let's see if they ever come up with it

In such casinos I play anyhow nimmer voluntarily. Good night ^^

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MisterL
Expert

Consequences after July 1, 2021

28th Jul. 2021, at 06:44 am CEST#533
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And since one can gamble under these conditions nevertheless lieber in the domestic gaming halls
Gauselmann has also bought the no longer lucrative casinos from the state
A win win situation under the guise of Player protection
Yes yes there we are all happy about it
Lotto social workers state municipalities clinics labor market banks and wat I know who else.
Yesterday still ne beautiful Gambling addiction documentary on tv
And because it's so nice to regulate the sports betting market as well
Gambling addiction is a disease
You should work

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B****3

Consequences after July 1, 2021

28th Jul. 2021, at 08:24 am CEST#534
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Liked this post: Avatar von Counter Counter, Avatar von NoSkill_NoKill NoSkill_NoKill
Hmm, so before there were quite a few threads about how badly all casinos run and pictures of super to mega wins .

Just like now. It has changed in principle nothing, apart from the money is retained per spin.

And how many have been upset here that they have gambled away despite 96 rtp thousands without a win

Rtp or not, either you accept that you lose or you should shut down or stop completely

You have it in your own hands.

This whining about the rtp is just terrible, many are now hiding behind it and think the rtp is to blame for the loss

It has always been bad, either you are lucky or not, and accept that it is a very expensive hobby, unless you have yourself under control.

But please stop looking for reasons for your loss and whining. You're just fooling yourselves and closing your eyes to reality

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