So I have the whole now times a chance given 200€ deposited on 0.80 and 1.00€ turned...Result: 400€ paid out but fun factor equal to 0.0
Since I rather lose 200€ Without 5 seconds rule
Sorry but gambling should be for people a "hobby" an entertainment even if there is money flöten
What if my hobby is riding a motorcycle? Then I also pay X-thousand for the machine plus maintenance etc. ..
This state just annoys me...somehow set up rules and have no idea about it
it started with the arcades where it is absolutely no fun more waiting and booking than play I call super entertainment
And now also here online the same I wonder what their goal is...that all "addicts" soon run into the kiosk and buy the Scratch cards empty because machines whether online or real have no fun factor more? Earns father state then even more?
Everyone can but spend his money on what he wants ... inconceivable it just sucks sorry but I wanted to get rid of how do you think about it
Hello everybody. Attached is a statement from Platincasino about taxes. Here also the link :www.platincasino.com/de/support/tax.html
If you could believe all this, that would be acceptable for me.
Since 01 July 2021, a new amendment to the Race Betting and Lottery Act in Germany has come into force. According to this, Platincasino will in future be obliged to levy a tax of 5.3% percent on all real money wagers from all players accessing our website from Germany.
This Interstate Treaty applies equally to all federal states in Germany and is intended to regulate the conduct of online gaming uniformly in the future, to serve the prevention of Gambling addiction and the protection of minors and players, and to ensure the proper conduct of gaming. The gambling supervisory authority based in Germany is responsible for monitoring the public law obligations existing under this Interstate Treaty or established on the basis of this Interstate Treaty.
What exactly do these changes mean for you as a player?
In the future, the aforementioned tax of 5.3% percent will apply to every real-money wager. This means that for a stake of 1.00 €, your customer account balance will be debited with a total of 1.053 €.
We have chosen this way of tax implementation because we at Platincasino always want to offer our players the best chances of winning. The alternative would have meant that the RTP (Return to Player - the percentage of stakes paid out to players) of casino games would be reduced, lowering your chances of winning in all games at Platincasino. However, considering the fact that our players always come first, this has not been an option for us.
You can find a detailed breakdown of your bets and the calculated tax in your account at My Profile > Game Rounds . Here you will find a new section with Stake tax.
If you have any further questions regarding this topic, please do not hesitate to contact our customer service team at support[at]platincasino.com .
RTP explanation
The RTP (return to player) is a statistical value that indicates the average payout that all players of a slot receive back as wins over a certain period of time. Let's take a slot with an RTP of 95% as an example. All stakes of all players in the network (i.e. not only players on a website, but all players playing this particular slot of a Provider like NetEnt, Microgaming, etc.) are taken over a period of time, for example 12 hours, and in total this slot pays out 95% of the total stakes as winnings. Which player wins how much is left to chance.
At Platincasino all RTPs of our games remain as high as before, while the other option would have been to reduce the RTPs and thus finance the tax incurred. However, this would mean for our players that on average they would get back a smaller amount of all stakes as wins, thus drastically decreasing the chances of winning.
Let's compare these two options using a $100 Deposit as an example
You play with an RTP of 96% and pay a tax of 5.3%. This means that on average you will get 96€ of your 100€ back as win and 5,30€ will be deducted as tax. The bottom line is an average payout of 90,70€ for you.
In the alternative we would have had to lower the RTP, for example to 88%, in order to finance the tax, thereby you pay no extra tax amount, but receive from your 100€ deposit, basically only 88€ on average as a win paid out.
We want to give our players the best chance of winning at all times and that is why we have decided to keep the same odds as before and deduct the tax directly from the wager.
Hello everyone. Attached times a statement from Platincasino about taxes. Here also the link :www.platincasino.com/de/support/tax.html
If you could believe all this, that would be acceptable to me.
Since 01 July 2021, a new amendment to the Race Betting and Lottery Act in Germany has come into force. According to this, Platincasino will in future be obliged to levy a tax of 5.3% percent on all real money wagers from all players accessing our website from Germany.
This Interstate Treaty applies equally to all federal states in Germany and is intended to regulate the conduct of online gaming uniformly in the future, to serve the prevention of Gambling addiction and the protection of minors and players, and to ensure the proper conduct of gaming. The gambling supervisory authority based in Germany is responsible for monitoring the public law obligations existing under this Interstate Treaty or established on the basis of this Interstate Treaty.
What exactly do these changes mean for you as a player?
In the future, the aforementioned tax of 5.3% percent will apply to every real money wager. This means that for a stake of 1.00 €, your customer account balance will be debited with a total of 1.053 €.
We have chosen this way of tax implementation because we at Platincasino always want to offer our players the best chances of winning. The alternative would have meant that the RTP (Return to Player - the percentage of stakes paid out to players) of casino games would be reduced, lowering your chances of winning in all games at Platincasino. However, considering the fact that our players always come first, this has not been an option for us.
You can find a detailed breakdown of your bets and the calculated tax in your account at My Profile > Game Rounds . Here you will find a new section with Stake tax.
If you have any further questions regarding this topic, please do not hesitate to contact our customer service team at support[at]platincasino.com .
RTP explanation
The RTP (return to player) is a statistical value that indicates the average payout that all players of a slot receive back as wins over a certain period of time. Let's take a slot with an RTP of 95% as an example. All stakes of all players in the network (i.e. not only players on a website, but all players playing this particular slot of a Provider like NetEnt, Microgaming, etc.) are taken over a period of time, for example 12 hours, and in total this slot pays out 95% of the total stakes as wins. Which player wins how much is left to chance.
At Platincasino all RTPs of our games remain as high as before, while the other option would have been to reduce the RTPs and thus finance the tax incurred. However, this would mean for our players that on average they would get back a smaller amount of all stakes as wins, thus drastically decreasing the chances of winning.
Let's compare these two options using a $100 Deposit as an example
You play with an RTP of 96% and pay a tax of 5.3%. This means that on average you will get 96€ of your 100€ back as win and 5,30€ will be deducted as tax. The bottom line is an average payout of 90,70€ for you.
In the alternative we would have had to lower the RTP, for example to 88%, in order to finance the tax, thereby you pay no extra tax amount, but receive from your 100€ deposit, basically only 88€ on average as a win paid out.
We want to give our players the best chance of winning at all times and that is why we have decided to keep the same odds as before and deduct the tax directly from the wager.
Sure this is understandable, if you either calculate the tax per spin with or lower the rtp accordingly
I personally find the way with the tax better than the way with the rtp
In the end, of course, the same comes out about. In the example with 88 percent rtp of course a little less, but the average seems to settle somewhere around 90.xx, at least where I currently play.
What's not possible is to do both, lower the rtp and add the tax on top...
Stromberg wrote on 07/07/2021 at 11:58 am
Sure that is understandable if you either include the tax per spin or lower the rtp accordingly
I personally think the way with the tax is better than the way with the rtp
In the end, of course, the same comes out about. In the example with 88 percent rtp of course a little less, but the average seems to settle somewhere around 90.xx, at least where I currently play.
What's not possible is to do both, lower the rtp and add the tax on top....
Videoslotts, Mr Vegas, Slotclub just to name a few. Have lowered RTP and tax on every spin or win from 20x!!! Since you can now only lose
so what Videoslots and mr.vegas deduct is really under all sow
rtp partly reduced to 87% and in addition the tax per spin is calculated xD
so who still plays there apparently only wants to reduce his bank account
Today via mail from them get:
"We would also like to inform you that according to the new regulations that have come into force, a 5% tax will be deducted on each spin, with a minimum tax deduction of 0.01 € per spin."
harlekin wrote on 07.07.2021 at 12:41 pm: so what Videoslots and mr.vegas pull off is wirlich unter aller sau
rtp partly reduced to 87% and in addition the tax per spin is calculated xD
so who still plays there apparently only wants to reduce his bank account
Today via mail from them get:
"We would also like to inform you that according to the new regulations that have come into force, a 5% tax will be deducted on each spin, with a minimum tax deduction of 0.01 € per spin."
Just went to Live Chat and this was confirmed to me as well
Regardless of the RTP reduction, another 5% tax is added, but a minimum of 0.01€ per spin.
Say if you play e.g. Book of Dead on 2 cents, an additional 0.01 € per spin is deducted.
Might be the greediest so far......
For international gambling providers hoping to obtain a license in Germany, the new tax on player stakes is a novelty. For example, in other jurisdictions where online gambling is legal, such as the UK, Malta or Sweden, taxes are calculated on the operators' gross gaming revenues (GGR). The player stakes remain unaffected.
While such taxation is common and well sustainable according to industry experts, the taxation of player stakes is a major problem that can be easily demonstrated mathematically. The average payout ratios of online Slot machines range between 94 and 98%, depending on the developer.
With a tax of 5.3%, the payout ratios would have to be below 94.7% in any case to avert a direct loss. In order to be able to book profits as before, however, providers would have to lower the odds even further. From the players' point of view, legal games would thus lose their appeal.
Edit: Link to competition has been removed - Source: casinoonline.de
This post has been translated automatically
Anonym
Former Member
Consequences after July 1, 2021
7th Jul. 2021, at 01:34 pm CEST#363
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Krabbenburger wrote on 06/07/2021 at 12:13 PM
Madness in which casinos did they change the Roulette odds ?
That affects all where this betting tax applies. And of course only DE people . For me it was at Gambola
Consequences after July 1, 2021
Nobody has liked this post so far
Which is?
Just logged in for ages, don't know what you mean.
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
Since I rather lose 200€ Without 5 seconds rule
Sorry but gambling should be for people a "hobby" an entertainment even if there is money flöten
What if my hobby is riding a motorcycle? Then I also pay X-thousand for the machine plus maintenance etc. ..
This state just annoys me...somehow set up rules and have no idea about it
it started with the arcades where it is absolutely no fun more waiting and booking than play I call super entertainment
And now also here online the same I wonder what their goal is...that all "addicts" soon run into the kiosk and buy the Scratch cards empty because machines whether online or real have no fun factor more? Earns father state then even more?
Everyone can but spend his money on what he wants ... inconceivable it just sucks sorry but I wanted to get rid of how do you think about it
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
At 90% RTP, I switch to equities and "mild" leverage certificates.
This post has been translated automatically
Consequences after July 1, 2021
Liked this post:
TranceBabe
Taxes
Hello everybody. Attached is a statement from Platincasino about taxes. Here also the link :www.platincasino.com/de/support/tax.html
If you could believe all this, that would be acceptable for me.
Since 01 July 2021, a new amendment to the Race Betting and Lottery Act in Germany has come into force. According to this, Platincasino will in future be obliged to levy a tax of 5.3% percent on all real money wagers from all players accessing our website from Germany.
This Interstate Treaty applies equally to all federal states in Germany and is intended to regulate the conduct of online gaming uniformly in the future, to serve the prevention of Gambling addiction and the protection of minors and players, and to ensure the proper conduct of gaming. The gambling supervisory authority based in Germany is responsible for monitoring the public law obligations existing under this Interstate Treaty or established on the basis of this Interstate Treaty.
What exactly do these changes mean for you as a player?
In the future, the aforementioned tax of 5.3% percent will apply to every real-money wager. This means that for a stake of 1.00 €, your customer account balance will be debited with a total of 1.053 €.
We have chosen this way of tax implementation because we at Platincasino always want to offer our players the best chances of winning. The alternative would have meant that the RTP (Return to Player - the percentage of stakes paid out to players) of casino games would be reduced, lowering your chances of winning in all games at Platincasino. However, considering the fact that our players always come first, this has not been an option for us.
You can find a detailed breakdown of your bets and the calculated tax in your account at My Profile > Game Rounds . Here you will find a new section with Stake tax.
If you have any further questions regarding this topic, please do not hesitate to contact our customer service team at support[at]platincasino.com .
RTP explanation
The RTP (return to player) is a statistical value that indicates the average payout that all players of a slot receive back as wins over a certain period of time. Let's take a slot with an RTP of 95% as an example. All stakes of all players in the network (i.e. not only players on a website, but all players playing this particular slot of a Provider like NetEnt, Microgaming, etc.) are taken over a period of time, for example 12 hours, and in total this slot pays out 95% of the total stakes as winnings. Which player wins how much is left to chance.
At Platincasino all RTPs of our games remain as high as before, while the other option would have been to reduce the RTPs and thus finance the tax incurred. However, this would mean for our players that on average they would get back a smaller amount of all stakes as wins, thus drastically decreasing the chances of winning.
Let's compare these two options using a $100 Deposit as an example
You play with an RTP of 96% and pay a tax of 5.3%. This means that on average you will get 96€ of your 100€ back as win and 5,30€ will be deducted as tax. The bottom line is an average payout of 90,70€ for you.
In the alternative we would have had to lower the RTP, for example to 88%, in order to finance the tax, thereby you pay no extra tax amount, but receive from your 100€ deposit, basically only 88€ on average as a win paid out.
We want to give our players the best chance of winning at all times and that is why we have decided to keep the same odds as before and deduct the tax directly from the wager.
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
Sure this is understandable, if you either calculate the tax per spin with or lower the rtp accordingly
I personally find the way with the tax better than the way with the rtp
In the end, of course, the same comes out about. In the example with 88 percent rtp of course a little less, but the average seems to settle somewhere around 90.xx, at least where I currently play.
What's not possible is to do both, lower the rtp and add the tax on top...
This post has been translated automatically
Consequences after July 1, 2021
Liked this post:
NoSkill_NoKill
Videoslotts, Mr Vegas, Slotclub just to name a few. Have lowered RTP and tax on every spin or win from 20x!!! Since you can now only lose
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
rtp partly reduced to 87% and in addition the tax per spin is calculated xD
so who still plays there apparently only wants to reduce his bank account
Today via mail from them get:
"We would also like to inform you that according to the new regulations that have come into force, a 5% tax will be deducted on each spin, with a minimum tax deduction of 0.01 € per spin."
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
Just went to Live Chat and this was confirmed to me as well
Regardless of the RTP reduction, another 5% tax is added, but a minimum of 0.01€ per spin.
Say if you play e.g. Book of Dead on 2 cents, an additional 0.01 € per spin is deducted.
Might be the greediest so far......
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
For international gambling providers hoping to obtain a license in Germany, the new tax on player stakes is a novelty. For example, in other jurisdictions where online gambling is legal, such as the UK, Malta or Sweden, taxes are calculated on the operators' gross gaming revenues (GGR). The player stakes remain unaffected.
While such taxation is common and well sustainable according to industry experts, the taxation of player stakes is a major problem that can be easily demonstrated mathematically. The average payout ratios of online Slot machines range between 94 and 98%, depending on the developer.
With a tax of 5.3%, the payout ratios would have to be below 94.7% in any case to avert a direct loss. In order to be able to book profits as before, however, providers would have to lower the odds even further. From the players' point of view, legal games would thus lose their appeal.
Edit: Link to competition has been removed - Source: casinoonline.de
This post has been translated automatically
Consequences after July 1, 2021
Nobody has liked this post so far
That affects all where this betting tax applies. And of course only DE people . For me it was at Gambola
This post has been translated automatically