- This topic is empty.
-
Posts
-
Great news indeed.
The 60% rev share is super too
@rmeeuwsen 247028 wrote:
Great news indeed.
The 60% rev share is super too
Hi Rmeeuwsen,
Thank you!
And Yes, the 60% Rev Share Offer has Been Smashing!
Beat That Hehe!
Hope you’re all good mate!
Cheers
Lucas
Videoslots.com
Play your favourite Videoslots.com games on your iPad, iPhone, Android Tab or phone!Go to Videoslots.com/mobile, log in with the same username and password, make deposits as usual and start playing.
For example, you will find Video Slots like Ladies Nite, Thunderstruck, Avalon and the progressive Video Slot Mega Moolah, which has now reached a Jackpot of over €5.3 MILLION!
You can also play Roulette and Black Jack, and no less than 6 different Video Poker games!
We celebrate the mobile launch with a nice deposit bonus of 100% up to €100
Bonus code: reloadnov3So, wherever you are and whenever you want!
You can now play at Videoslots.com – A Real Casino Online and On your Mobile Device!Good luck!
Lucas@casinoplanet 247371 wrote:
Looks very interesting indeed! Could be a good program to add to my sites
Hey casinoplanet,
Thank you very much. We surely can work something out and work together.
Do you have Skype that you can send me so we can discuss further?
Let me know.
Cheers
Lucas
@casinoplanet 247417 wrote:
email sent
Hi there casinoplanet,
Thanks for your email, I have replied to you.
Cheers
Lucas
Hi Lucas,
With all the deductions it takes to operate an online casino, I find it hard to grasp how a new casino brand could sustain giving a 60% rev share for an extended period of time and remain viable. Especially when one factors in, large MGS groups who are showing signs of hard times, even though they pay less MGS fees, and have enormous player bases. These Groups cant offer open-ended 60% rev share, even though they’ve been around for years and years. Yet VideoSlots can.
With all dues respect the numbers don’t crunch.
6.4.3 Calculation and Payment
videoslots.com/terms-and-conditions/Your Revenue Share is calculated from the casino’s earnings of Your referred players minus Our Microgaming fee, casino bonuses, jackpot fees and chargebacks.
No other MGS casino (that I’m aware of except for VideoSlots.com and Emu), passes the MGS fee onto its affiliate partners. Worse, there is no mention of:
- % value or dollar amount in relation to YOUR MGS fee.
For all anyone knows, it could be as much as 20% of Gross Revenue. Which would certainly tell ppl how you can afford to offer such a high commission % rate.
Given the owner of VideoSlots (Alexander) was once a gaming affiliate, he’s no stranger to how affiliate rev share is calculated. But so we’re all on the same page, other MGS aff programs use the following formula to work out commission:
Gross Revenue minus Bonuses minus Jackpot Fees minus Chargebacks = Net Revenue.
Affiliate commission is then calculated on the final Net Revenue.Reiterating, given the owner is no green-horn/newbie, why would Panda Media expect affiliates, who have no stake (or ownership) in the company/casino to wear your MGS Fees. Which frankly are costs directly associated with operating your company. Nothing to do with your affiliate partners.
On this quasi logic, your affiliate program should pay a % of your affiliates operating costs!
One last question.
Included in clause 6.4.3 is, We reserve the right to change such Affiliate Commission Structure at any time without notice.
That’s very vague. Does this mean you have the right to retroactively change commission structure?
Cheers
Dave
PS Not that I saw it in the affiliate T&C’s but if VideoSlots aff program also includes a negative carry over as part of this extended 60% rev share deal, then your true commission % takes yet another dive.
@Lucas 247190 wrote:
We celebrate the mobile launch with a nice deposit bonus of 100% up to €100
Bonus code: reloadnov3Not trying to rail you here Lucas, I’ve only ever concerned myself with what’s fair for affiliates and players alike. After all, without players no one makes money!
Not sure if this reload bonus falls under the T&C’s of:
Reload Bonus (you need a bonus code to activate this one, and you´ll find the code in an email, sms, or on the website.) If no specific information is given regarding wagering requirements when receiving a reload bonus, the wagering requirement is set to:
Turnover: 35 x bonus and deposit$100 x 35 = $3,500 PLUS $100 x 35 = $3,500, total play through requirement equals $7,000.
Or is that 35 x bonus + deposit. Either way it’s $7,000 play through!
I’m all for casinos protecting themselves again advantage players and such. But seriously, more than doubling the accepted MGS standard pay thru, knowing full it’s highly unlikely; if not impossible, to meet these wagering and bonus T&C’s, verges on the same tactics rogues casinos and clip joints use.
Just calling it as I see it
Cheers
Dave
Hi Dave,
Yes this is correct and we show all our fees in the affiliate report.
The affiliate gets 60% of our profits not on the gross rake.We dont have any hidden costs as many other affiliate programs have.
I personally dont know any casino room who dosent deduct the license fee. But they usually dont show it to the affiliate.From the operators I know, they all take into consideration this fee in affiliate agreements.
You will see it labeled as ‘Operator’ or ‘Admin’ etc fee.We Do Not have any negative carry over, so Bottom line is – We give 60% of our profits to all our affiliates who promotes us as a Top 5 room.
This offer is only valid for affiliates who sign up during November 2012. But as long as you promote us as a Top 5 room, the affiliate will keep the 60%.
If you want to know about our microgaming fees, you can simply divide the license fee with the gross profit.
Here’s my Skype: godwin.lucas1 if you’d like to discuss further.
Cheers
Lucas
Hi Dave,
Yes, that is correct. 35 times bonus and deposit.
These are our standard terms for the reload bonuses.
Some of our other reload bonuses, we have other terms for them, which will then be specified with the particular bonus.
Cheers
Lucas
@Lucas 247459 wrote:
From the operators I know, they all take into consideration this fee in affiliate agreements.
You will see it labeled as ‘Operator’ or ‘Admin’ etc fee.[/quote]Well the MGS casinos I promote don’t deduct them, and TBH I don’t know of any that do. So I along with other affiliates I’m sure, would really appreciate knowing which MGS casinos are deducting extra fees, hidden or otherwise. Seeing you know who these are, can you enlighten us?
@Lucas 247459 wrote:
We give 60% of our profits to all our affiliates who promotes us as a Top 5 room.
[/quote]60% that’s a huge chunk. Even with the MGS fee deduction, it still only leaves you 40%. Factoring in the operational cost which you don’t pass onto affiliates, I’m seeing your bottom line ROI as being bloody low indeed.
Hence the catalyst for commencing this post and my questions.
Cheers
Dave
Hi Lucas,
You must have missed this question.
@AussieDave 247457 wrote:
One last question.
Included in clause 6.4.3 is, We reserve the right to change such Affiliate Commission Structure at any time without notice.
That’s very vague. Does this mean you have the right to retroactively change commission structure?
Adding and “without notice”, makes me wonder, who would you notify other than already signed up affiliates. In which case, this clause states you don’t and wont.
Cheers
Dave
PS I’m just picking up on things which are ambiguous, which given are legal clauses for your T&C’s, I’m actually doing you a favour. It things like this that come back to bite ppl in the back-side and which cause bad press. It would be nice if these terms could be made crystal clear, don’t you think?
@Lucas 247461 wrote:
Yes, that is correct. 35 times bonus and deposit.
Even though 35 times (x) is five (5) times (x) more than any MGS I know of, reiterating I understand casinos must protect themselves again advantage players. Hence placing a reasonable play through on a free bonus given to a player for depositing is acceptable.
But adding addional wagering requirements to their cash deposit, that’s cheeky.
It’s certainly not in the interests of fair gaming for players. From memory the term “fair play”, was used by VideoSlots to void winnings of a player. (this player was eventually paid the grievance was posted to the CasinoMeister forum).
Slugging players for a play thru on their cash deposit(s), it’s akin to the butcher weighing your meat and pushing his thumb on the scales.
Cheers
Dave
Hi Dave,
It’s in all casinos’ intentions for them to have everything crystal clear, that is the complete purpose of having Terms and Conditions, and reading them thoroughly before agreeing to any kind of contract, so we definatley agree.
In the casino industry there are alot af changes continuosly going on, and if we are ever forced to change anything in our affiliate commission structure agreement, we need to be able to have that option available to us.
Since you seem to think that our T&C’s aren’t as clear as they should be , i have forwarded your comments to our legal dept to look into it.
Kind Regards,
Lucas
