Vedioslot

The Swedish Gambling Authority (SGA) has enforced an injunction on Videoslots after the online casino was judged to have violated Sweden’s deposit cap.

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The SGA found that Videoslots was non-compliant with the SEK 5,000 ($601) weekly deposit limit for online casino and slots, which was introduced in July in response to the coronavirus pandemic.

The investigation showed that players at the online casino were able to deposit more than the permitted amount if they cancelled up to two-month’s worth of withdrawals.

While the gaming authority found that Videoslots had complied with bonus limits and did require players to set a deposit limit at login, it was also found guilty because withdrawal reverasls allowed players to deposit more than the weekly limit.

The SGA said Videoslots failed to adhere “when it comes to the way in which Videoslots has chosen to let the players be able to cancel a withdrawal from their gaming account in relation to the provisions of deposit limit for commercial online gambling.

“With Videoslots’ interpretation of the provision, it would be sufficient for a licensee to tell players you have a deposit limit of SEK 5,000 per week for commercial online gaming, no matter how much money can be deposited in practice, and in different ways, and be used for games on commercial online games. The Gaming Inspectorate does not share this assessment.”

As a result the SGA has ordered the operator to “end the violation” so players are unable to deposit more than the SEK 5,000 weekly amount. The SGA said in addition to the injunction to remove reverse withdrawals, Videoslots will be fined SEK 250,000 for each week until the change is implemented, which is calculated at three weeks from when Videoslots was notified about the decision.

In a statement sent to Gambling Insider, Videoslots noted the decision but remained defiant overall: 'Videoslots notes the decision made by the Swedish regulator and is pleased 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.

“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.

“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.

“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. We will therefore continue to challenge these regulations.”

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VideoSlots.com Review Summary

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VideoSlots.com Casino FAQ

If our full Videoslots.com review hasn't clarified all of your questions, then maybe our frequently asked questions we've listed below will. If you still have further questions that you need answering before you start playing at this casino, we always recommend that you contact Videoslots directly to get them answered; they offer a fast and friendly chat support service available from the website above.

📣 Is VideoSlots Casino Safe & Legit?

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📣 Do I need a bonus code to claim the welcome bonus at Videoslots.com?

Videoslot Casino

You don't need any special codes to claim the welcome bonus at Videoslots casino. Simply register a new account above and head to the banking area of your account to make a real money deposit. Follow the on-screen instructions to claim the bonus. Once the deposit has gone through, you'll see that amount and the bonus waiting for you in your cashier. It's as easy as that! Like with all casino bonuses, make sure you're savvy to the wagering terms and any other significant terms and conditions before you start playing. The current Videoslots casino bonus is displayed above.

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VideoSlots.com is currently a standalone casino running on its own platform. Whilst there aren't any other related sister casinos to recommend, this can be viewed as a good thing because it means that VideoSlots.com is entirely unique; you won't find other online casinos in Canada like it!

📣 What The Withdrawal Times Like at Video slots?

Videoslots.com

Videoslots online casino pays out pretty fast. All withdrawals usually have a 24-hour pending window, something with is fairly standard in the online casino world. From then on, the amount of time it takes to cash out really does depend on the method you've chosen. As a general rule of thumb, eWallets such as Skrill, Neteller and PayPal are the quickest, with bank wire transfers taking just that little bit longer. You should get your cashout within 1-2 days which is fairly standard.