A winning partnership for our business
Gambling has always been an available form of entertainment in South Africa. The growth in the industry has allowed the activity to become a more accessible and socially accepted form of entertainment.
However, slot system vendors were persistent in offering products to the casinos, nonetheless. Other slot machine manufacturers, such as Aristocrat Leisure Industries, and gaming software companies, such as SystemSource. Began developing systems of their own. The software developers concentrated in the area of player tracking and slot accounting.
'If everyone is moving forward together, then success takes care of itself.'
VSlots creates the opportunity for you to enter the exciting gambling industry, so sit back, relax and let VSlots show you how to become a partner:
Business Requirements
- Our focus is on good quality pubs, hotels, taverns, bookmakers and other adult entertainment venues
- A minimum of 3 square meters per gambling machine dedicated to the gambling area
- Landlords Consent
- Copy of Lease Agreement
- Copy of liquor licence, proof of payment, renewal notification and liquor licence conditions
- 3 months bank statements of all business accounts.
- Latest 3 months Income Statement for the business / Latest Financial Statement
- Tax Clearance Certificate for business and personal
- Copy of CK document (if applicable)
- A copy of the utility bill (either rates OR water bill) from the Municipality reflecting the Business Partner number (required to obtain zoning certificate and Title Deed)
- Clean electrical connection and power supply for the gambling area
Benefits to Site Owners
Our focus is on good quality pubs, hotels, taverns, bookmakers and other adult entertainment venues aiming to maximise profits and share the revenue on a predetermined basis with site owner partners.
We add value to our customers’ businesses by offering slots entertainment, growing their revenue and ultimately increasing their profits.
The Golden Island, Red Royale and Wheel of Horus Limited Payout Machines are exclusively developed for VSlots in South Africa, and are manufactured by TAB in Austria. None of the other Operators in the country have access to these machines. There are many benefits for site owners choosing VSlots as their preferred partner:
1. 40% of net gambling revenue is paid to site owners and received on a weekly basis
2. A 24-hour technical support
Call Us and Coin In!
How To Obtain Sas For Slot Machines
To set up a meeting, contact us on:
Tel: 0860 875 687 or e-mail: callcentre@vslots.co.za
Our Area Managers in the respective provinces, are available to provide you with all the information you require to become a partner with VSlots, the only company licenced and operational in all nine regions of South Africa, which make us the largest Route Operator of Limited Payout Machines (LPMs).
The VGroup supports responsible gambling.
Gambling only for persons 18 years and older. Winners know when to stop.
About Us
Vukani Gaming Corporation (Pty) Ltd (the VGroup), is the leading supplier of Limited Pay-out Machines (LPMs), and an operator of both VSlots and Luck@It LPMs in South Africa. The Group is 100% South African owned and operated, with a presence in all nine provinces in the country.
Contact Info
The contact centre operates 24/7.
It is imperative that a reference number is obtained from the agent who assists at all times.
Contact Centre number: 0860 875 687
e-mail address: contact@vslots.co.za
Players dream of hitting a big jackpot when they play the slots. When that day comes for you, you'll have questions about the taxes you must pay on the winnings.
Hand Pay Jackpots
When you hit the winning combination of symbols for a large jackpot, your slot machine locks up. Depending on the machine, the lights on top of the machine may come on and start flashing, music may play or bells ring. A slot attendant arrives promptly to see what you have won.
On jackpots smaller than $5,000, an attendant verifies that you hit the jackpot and then assists you in claiming your money at the cashier's cage. In the case of a large or progressive jackpot, the casino may have technicians come and check the machine to certify that it was functioning properly when the jackpot hit. If you hit one of the wide-area progressive machines such as MegaBucks, the slot company that operates the game comes out and verifies that machine before giving you a check.
When you hit a jackpot, you have the option of taking your winnings in cash or check. Usually, large amounts are paid by check. In the case of the MegaBucks or similar multi-million dollar jackpots, you receive a check for the partial amount, and then you have 90 days to decide if you want to be paid a lump sum or an annual annuity on the balance. If you select the lump sum option, you receive only a percentage of your actual winnings. For example, the full winnings of one multi-million slot jackpot is paid in 25 annual installments, or you can take a lump sum of 60 percent of the winnings.
IRS Withholding
All casino winnings are subject to federal taxes. However, the IRS only requires the casinos to report wins over $1,200 on slots and video poker machines or other games such as keno, lottery or horse racing. When you have a win equal to or greater than $1200, you are issued a W-2G form. This form lists your name, address and Social Security number. The casinos are not required to take out withholding tax on jackpots under $5,000 as long you supply your Social Security number. If you don’t provide your Social Security number, the casinos withhold 28 percent on small jackpots.
You can request a specific amount of withholding tax to be taken out of any jackpot you win. Some players like to do this to avoid a big tax payment in April when they file their income tax returns. The additional withholding may not be necessary if you keep a log book. The law allows you to deduct gambling losses up to the amount of your winnings. You can only do this if you have documentation of your losses. Keeping a diary or log book is the way to do this.
Proper Identification
Casinos can refuse to pay you until you produce proper identification—a photo ID such as a driver’s license, military ID or passport.
If you don’t produce an ID, you are photographed and the casino holds your winnings until you come back with proper ID. For this reason, you should always carry a valid form of identification with you when you visit the casino.
When the casino checks your identification, it also checks your age to make sure you are legally old enough to play. The minimum age for gambling varies from state to state, but under-age gamblers are not be paid if they hit a jackpot. This is the law in all jurisdictions, and it has been upheld in court.
Plan Ahead
Before you start playing your favorite slot machine you should have a plan for the day you hit a jackpot. Players become excited when they hit the big one, and this may affect the decisions you make about your winnings. It is helpful if you know ahead of time how much withholding you want taken out or whether you want a check for all or some of the amount.