@TheGooner 214317 wrote:
and the use of these credits (which may be simply lying in dormant player accounts) has the effect of dramatically reducing the “net win” and therefore the payout to the affiliate.
Warren – Good on you for taking it to the Gambling Wages CEO … because this accounting appears extremely dubious …
:hattip:and RabbitHunter – I hope that you will agree to let the resolution be published
:hattip:I’ve certainly been put off GamblingWages as a result of those numbers – and will be looking out for a satisfactory resolution …
Very good point about the credits Paul. And definitely I will allow the results to be published, good or bad.
For what it’s worth I follow deposits to earnings pretty closely, and for the casinos we promote its in the 29%-36% range (all above a minimum of $500k in deposits), so our company averages out to earning 33% on deposits. For GW, over a span of 3/4 million in deposits the percentage was 13%.
I am working with Vipin from GW and I suppose the CEO will get involved as well for a resolution.