- Joined
- Dec 13, 2006
- Messages
- 11,238
- Reaction score
- 3,144
Casino Coins have added a new term to their T&C’s which involves the increasingly popular ‘High Roller Policy’.
TERMS UPDATE, Negative Carryover, High Roller Policy
7.5 In the event that an Affiliate has a player that has won more than $25,000 (a “Big Winner“) in a single month which causes the Affiliates overall earnings to be negative, Casino Coins reserves the right to contact the Affiliate to provide them two options.* The formula that Casino Coins will use to determine if a player has won more than $25,000 is Total Bets less Total Payouts less Bonuses from the first of the month until 11:59pm on the last day of the month. The following points outline the two options:
Summary:This high roller policy IS retroactive to your player base if you are a current Casino Coins affiliate. The term, as is, will not allow you to earn money for a player winning over $25,000 until the casino has earned money from that player. This term will reduce your income based upon comparison to Casino Coin’s previous NO negative carryover policy. The amount of income you will lose will be equivalent to the amount of money the player has won multiplied by your commission percentage. For example: If the player won exactly $25,000 and your commission rate is 30%: $25,000 * 30% = $7500.
See the full terms alert at: Casino Coins Terms Alert – ID#748
Casino Coins adds Retroactive High Roller Policy
TERMS UPDATE, Negative Carryover, High Roller Policy
7.5 In the event that an Affiliate has a player that has won more than $25,000 (a “Big Winner“) in a single month which causes the Affiliates overall earnings to be negative, Casino Coins reserves the right to contact the Affiliate to provide them two options.* The formula that Casino Coins will use to determine if a player has won more than $25,000 is Total Bets less Total Payouts less Bonuses from the first of the month until 11:59pm on the last day of the month. The following points outline the two options:
- Permanently remove the Big Winner from the Affiliates channel allowing the Affiliate to earn from the remaining player base.
- Keep the Big Winner in the channel with the understanding that the negative Net Win from the previous month must be recouped, before the Affiliate can begin earning from that Big Winner again.* It’s important to note that this is not a negative carry over adjustment because Affiliates will continue to earn the revenue from all players including the Big Winner.
- The negative Net Win from Month 1 is only paid back to the House by the Big Winner and all subsequent positive Net Win from the rest of the Affiliates player base will not be touched.
Summary:This high roller policy IS retroactive to your player base if you are a current Casino Coins affiliate. The term, as is, will not allow you to earn money for a player winning over $25,000 until the casino has earned money from that player. This term will reduce your income based upon comparison to Casino Coin’s previous NO negative carryover policy. The amount of income you will lose will be equivalent to the amount of money the player has won multiplied by your commission percentage. For example: If the player won exactly $25,000 and your commission rate is 30%: $25,000 * 30% = $7500.
See the full terms alert at: Casino Coins Terms Alert – ID#748
Casino Coins adds Retroactive High Roller Policy
Last edited: