Jim,
As I get back my e-mails to you undelivered, so I am going to ask this question here again. I know we talked about it before but still I am not clear about it. I am very seriously considering trying a casino or two with your company, so please explain me as clearly as possible:
I understand that you offer 50% of the net profit ( or 27.5% of gross revenue) as you have mentioned that Net Profit is about 55% of total player loss. And that means your expenses are about 45% of gross profit (player loss).
I still want to find out more that why your company’s expenses are 45% of all revenues when majority of others have much lower expense % like GamblingFederation.com ( ~ 17% of revenue is expenses) and many others.
Is it because of your no-download platform of games or something else that is costing you so much to run your business as compared to others?
The reason I ask you this is because I want to figure out if there
is some other company involved that first takes its own share before giving your company ( in case your company is like an affiliate of that company) your share and then your company will give your affiliates like us our share. Is this the reason for the high expense ratio?
Please advise as I am just trying to make sure I enter into a right venture with an original company as we have plans to use open and market almost 100 casino. This way we both can enjoy long term relationship which works for both of us.
Please also answer my previous question about tiered affiliates?
Thanks.:confused: