888 has announced that some Terms & Conditions involving bonus funds and instant games will be changing.
According to the new changes, there is a new limit on the amount of bonus funds that a player can transfer to real money when wagering requirements are met.
When these requirements are met, the player will automatically transfer a maximum of £400 over the initial bonus amount.
So, for example, if you claimed a £50 slots bonus from a Dragonfish site, you would transfer a maximum of £450 when the wagering requirements for that bonus are met.
It is worth noting that progressive jackpot wins are exempt from this new term. If you win a progressive jackpot prize using bonus funds, it seems that you will be able to transfer the entire prize into real money.
This change will be implemented across the entire Dragonfish network from Monday 13th June. If you are a member at a site on the network, you should have received an email notifying you about the change.
For the majority of players, this change will be relatively minor. Wagering requirements on slot bonuses tend to be fairly hefty, so players who do win with their bonus have to wager a lot to withdraw anything.
If you do defy the odds and win thousands of pounds off the back of a slots bonus, you’ll end up disappointed, but it’s understandable that Dragonfish are attempting to protect themselves against this scenario.
We expect to see more changes to bonuses and T&Cs in future, due to a new free bet tax which was outlined in the most recent UK budget proposal. Keep checking OnlineBingo.co.uk to stay up to date with any further regulation changes in the bingo world.
Sam Coleman has worked in the gaming industry for over eight years. He is responsible for reviewing the latest online bingo and casino sites as well as breaking industry news. Sam also works as a copywriter for Visit Britain.
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