Engineer
Super Moderator
- Joined
- Dec 14, 2006
- Messages
- 3,210
- Reaction score
- 400
I agree completely.
Rival, stop shaving your affiliates.
Rival, stop shaving your affiliates.
Dear Affiliate,
As you are probably aware Rival as recently changed the method it uses to calculate its progressive jackpots affiliate contribution and fraud charges and processor seizures.
We understand that these new calculation method has some drawbacks to affiliates promoting our Brand.
As a result Royal Apollo Affiliates is stepping up and adding to all of our active affiliates (that delivered a min of one player in the last month) 5% extra to the current Revenue share agreement.
This should cover the progressive contribution and possible fraud charges and processor seizures.
We are doing this across the board to all of our affiliates (regardless if their players play progressive slots).
Royal Apollo Affiliates believes that our affiliates are the most important part of our casino marketing and this step is the best action we can take to assure that our affiliates receive the limited damages from these new calculation.
This change will be effective as of March 1st. Please make sure to contact your affiliate manager to verify the additional 5% to your commission.
Detailed Description of affiliate contribution to progressive System
Affiliates will continue to have progressive contributions deducted and will continue to get credit for all progressive cash outs. Additionally, affiliates will receive credit for any progressive wagering losses once a players balance reaches 10% or less of the original jackpot win amount. Any progressive deductions will carry forward month on month if an account shall go negative. An affiliate will participate in the progressive deductions in the same way as an operator. This system will be effective as of March 1st, 2010.
Example)
Player wins $25k jackpot
Seed is $4k
Affiliate contributes their % of each progressive wager for all cases
Case 1:
Player cashes out $25K
Affiliate is limited to having ANW reduced by an amount up to the seed amount so ANW is reduced by -4K
Case 2:
Player cashes out $22K and loses the remaining 3K
Affiliate gets ANW reduced by seed amount (4K) but then increased by 3K on payout completion (10% or below) for a net ANW of -1K
Case 3:
Player cashes out $10K and loses the remaining 15K
Affiliate gets ANW reduced by seed amount (4K) but then increased by 15K on payout completion (10% or below) for a net ANW of +11K
Case 4 :
Player loses the entire 25K
Affiliate gets ANW reduced by seed amount (4K) but then increased by 25K on payout completion (10% or below) for a net ANW of +21K
Case 5:
Player loses 10k of the 25K, he doesn't cash out
Affiliate does not have any ANW adjustment
Case 6:
Player loses 5k, cashes out 10k and has balance of $10k
Affiliate gets ANW reduced by seed amount (4k) but then increased by 10k for a net ANW of +6k
If a player wins the jackpot at a given casino,
that casino is responsible for the replenishment of the seed amount of
that progressive jackpot.
Player wins $25k jackpot
Seed is $4k
Affiliate contributes their % of each progressive wager for all cases
Case 1:
Player cashes out $25K
Affiliate is limited to having ANW reduced by an amount up to the seed amount so ANW is reduced by -4K
All progressive wins that were not credited to affiliates
will be calculated over March and credited as a lump sum to the April commission payments.
Box24/Affiliate Wide said:Hi All,
Hope you are all well.
With all the news swirling about the changes being implemented by Rival gaming, I just wanted to clarify that Box24 Casino is NOT a white-labeled brand NOR is it bound to the new regulations being introduced by Rival.
Everything Box24 Casino does is “in house”; this includes its support, processing, retention and most importantly, its revenue sharing system. Box24 does NOT base its earnings system on a percentage of the ANW but rather on the WAGERING PROFIT. Furthermore, there is absolutely NO CARRY OVER of negative balances from month to month.
The progressive jackpot issue will thus not affect affiliates promoting Box24 Casino. Seeing how we will not be affected by these recent changes, I would expect that our brand would continue being heavily promoted as many of you already have been doing. In addition to this, now may be a good time for those affiliates not pushing our brand to give it a strong push.
If you have any questions or need clarification about anything, please do not hesitate to contact either Wael (wael@affiliatewide.com) or myself.
All the Best
Steve Rubin
Marketing Director
LOL Andy, you beat me by a minute!! ;D
I can't even believe that MasterCard was that popular of a deposit method. In some instances, I had many large deposits spread out over many players and 100% of those have been classified as "bad deposits" in the reports.
<HR style="COLOR: #615642; BACKGROUND-COLOR: #615642" SIZE=1><!-- / icon and title --><!-- message -->
Is anyone else concerned that we will start seeing many of these White Labels begin to close down in the near future? Taking our players with them?
I had none labeled as "Bad Deposits". However I did get hit with progressive deductions, which is a much bigger issue assuming the "Bad Deposits" is a one time charge.
I also joined Box24 yesterday and will add the banners today some time.