The new regulations are regarding electronic forms of gambling so traditional casinos and horses, dog, sports etc are uneffected.
When the rts added a cash value to their items it is where it went wrong ie a 3* is worth £10 and the 5* is worth £100 this was done via marketing campaigns I.e get your free yellow Glenn worth £10 etc.
The reason i put the max single bet is because the top pull is £99.99 coin cost so technically could only do one pull an hour and the lowest pull is 4.99 (single pull) wouldn’t technically be legal.
If it was guaranteed you get x for y it would be classed as retail.
But x for a, b, c or d becomes a gamble and as rng is the deciding factor it is technically online gambling, the only way round it would be to have separate wheels for 3’,4’,5’ and 6*.
It is too late for them to claim non value to items as was already done.
Gambling commission definition of fixed odds betting
“Fixed odds betting
The most common form of betting is fixed odds betting where you bet a stake to win a fixed amount calculated by the odds available. For example, a £10 bet at odds of 2/1 would return £30 (£20 of winnings + £10 stake) if successful. If unsuccessful you lose your £10 stake.
Fixed odds betting can be offered:
in betting shops (off-course)
on tracks (on-course)
by remote means (including online gambling). ”
Therefore by them stating a 3* is worth £10 or 5 £100
Your £4.95 stake has an outcome of items a fixed value.