Videoslots Affiliates

Discussion in 'Real Revenue Share Audits' started by Guard Dog, Feb 4, 2019.

Do you work with Videoslots Affiliates?

  1. Yes

    11 vote(s)
    44.0%
  2. No

    13 vote(s)
    52.0%
  3. Will try

    1 vote(s)
    4.0%
  4. Will no longer promote

    0 vote(s)
    0.0%
  1.  
    Guard Dog

    Guard Dog Guard Dog Staff Member

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    Hello AGD community,

    Today we present you the real revenue share audit report for Videoslots Affiliates.
    We have a 40% revenue share deal with them. They have 1 casino brand - Videoslots.

    We deposited $10 and took their welcome bonus (100% up to $200).

    bonusactivation.png

    Bonus-activated.png

    We started playing some slots:

    Slot1-start.png

    Slot1-end.png

    Slot2-start.png

    Slot2-end.png

    Eventually, we lost all the funds and checked the statistics:

    Videoslots-statistics-deposit.png

    Videoslots-statistics.png
    Statistics-all.png

    When we created the link for the purpose of this audit report we used this option in the Videoslots Affiliate System: Default - Revenue Share ( Revenue ).

    As visible from the first screenshot (Deposit/Withdrawal), our deposit was $10 which is EUR 8.76.

    The Net Gaming Revenue for the deposit of EUR 8.76 was EUR 1.08.
    Our earnings are 40% of that amount, which is EUR 0.43.

    So to summarize, the Effective Net Gaming Revenue (the amount of money deposited and lost) is 1.08/ 8.76 = 12.33% which is terrible!

    Multiply your advertised revenue share rate by the Effective Net Gaming Revenue (12.33%) to get your real rate, eg.

    25% = 3.08%
    30% = 3.70%
    35% = 4.32%
    40% = 4.93%
    45% = 5.55%
     
    Last edited: Feb 4, 2019
  2.  
    melcb

    melcb Administrator Staff Member

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    Wowzers, that is BAD! The worst we have seen so far since doing the audit.
     
  3.  
    KasinoKing

    KasinoKing Player turned affiliate.

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    No surprise there - in fact your figures are quite a lot HIGHER than what I've seen.

    My NGR for the WHOLE of 2018 was 6.37% of GGR, and only 2.07% of deposits.

    Just to be fair, 2018 included 5 negative months. With those removed, the figures are much better:
    Average NGR for 7 POSITIVE months in 2018 was 25.8% of GGR, and 15.4% of deposits.

    Ever since VS started "Double Dipping" in 2016 by adding in a 25% admin fee, they have been probably the worst program ever in terms of NGR/Deposits :(

    KK
     
  4.  
    Zuga

    Zuga Administrator Staff Member

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    holy shit that is appaling, sure i expected crappy results but not like this...
     
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  5.  
    BetOnlineUK

    BetOnlineUK Affiliate Guard Dog Member

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    We knew it was bad, but blimey why would anyone ever promote them
     
    AussieDave likes this.
  6.  
    Biti

    Biti Affiliate Guard Dog Member

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    Worse of all.

    They do not care about affiliates. They hire some people to act like they do care and to dodge issues like this. It seems they deduct every penny they spend, even the toilet paper.
     
  7.  
    AussieDave

    AussieDave 18 years & still going!

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    In my own usual way of trying to educate/help folks (operative word "trying"), I've pointed it out that VS are not good for affiliates till I'm blue in the face. I called Miles out on his BS here. Likewise, called BS over at CAP (circa 2012), when VS were offering 60% lifetime. However, and sadly, as per usual (in most instances) my insight is, for some reason, met with contempt.

    Just like when I pointed out years ago that Fortune Affiliates, Brightshare, Referback, then Buffalo (aka Wagershare), Red Return, etc., etc... where all owned by the same family. Of course then, just like VS, I was again labelled as being full of sh#t.

    It's funny how most things I dig up, and am scoffed at, end up coming to light, as true.

    As you can probably tell, I don't post much anymore. I figure, what's the point in trying to help, when all you get is ridiculed!
     
    Zuga, dfiocch, PaaskeUK and 6 others like this.
  8.  
    KasinoKing

    KasinoKing Player turned affiliate.

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    2 reasons:
    1) They are EXCELLENT for players - arguably the best casino in the world.
    Therefore they convert and retain better than any other casinos I've ever worked with.
    And let's face it - you do need a VERY big number of players to make promoting them worthwhile :rolleyes:

    2) I started promoting them BEFORE they started the "double dipping" and had quite a big player base (by my standards). Personally, as long as casino treats its players fairly and I am still earning something from them, I feel obliged to carry on listing them.
    In the current market I am struggling to earn anything from any EU casinos, so I have to hang on to what I have.

    But for sure, my advice for anyone who is NOT already promoting them, is not to start...

    KK
     
    gobo, dfiocch, Zuga and 2 others like this.
  9.  
    BetOnlineUK

    BetOnlineUK Affiliate Guard Dog Member

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    Hey KK, I hear where you are coming from if you are a long time supplier of players then of course it makes sense to promote them still in some way.

    Lucky enough, I was about to start promoting them but saw the continued posts on here about the true % being shite, so dodged a bullett there :p
     
    KasinoKing likes this.
  10.  
    Engineer

    Engineer Super Moderator

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    Wow, this is a terrible result.

    Advertising 25% and paying only 3%?! Talk about false advertising -- holy shit.

    If the UKGC cared as much about the affiliate side of things as they do the player side, this company would be toast.

    I updated our Videoslots rogue listing just now with a link back to this thread.
     
    gobo, betizen, Zuga and 1 other person like this.
  11.  
    NDG

    NDG Affiliate Guard Dog Member

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    That is absolutely ridiculous. I'm not promoting anything for 3%.
     
  12.  
    Frank

    Frank Affiliate Guard Dog Member

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    Just in time for LAC.,.. this will be awkward.. I'm actually surprised you didn't audit them before with all the negative comments about the program. Where is the roulette guy defending them now? looks like miles sold his soul to the devil
     
    casinonewbie likes this.
  13.  
    AussieDave

    AussieDave 18 years & still going!

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    Maybe folks aren't aware but Alexander (VS founder) was previously a casino affiliate. Lets just say, his version of business ethics, were strange to say the least. When VS opened, they were using FU-clauses to scr#w players out of legitimate winnings. So too was Emu Casino (a white label of VS at the time). AFAIK, both casinos were using identical T&C's etc.

    A fair few complaints made their way onto CM's Forum, Ask Gamblers and others, about both casinos. They fixed their act up, paid outstanding debts. Later VS entered the Baptism by Fire, subsequently passed, and became accredited.

    With regard to their affiliates...

    In the 1'st couple of years, when VS needed players, they looked after their affiliate partners (sink or swim). But then the "stats" went MIA. VS said it was only a temporary issue. That was BS. Those "stats" remained MIA for next 3 or 4 years. In that process, affiliate's were being bent over with all kinds of creative GGR deductions.

    Most VS players are tagged to affiliates. The weekly cash-back (aka weekend booster), was deducting 50% for admin charges. Yet, affiliates were also being hammer the same Admin fee. Hence VS were "double dipping". That's just one deduction.

    Cash back is another. AFAIK, that cash (no play thru) was never added as a loss, when players lost it back to the casino. Which, in most cases, that's what happened. Yet, on the other side of the coin, VS would deduct that cash-back if it was withdrawn. Yet another Win-Win for VS!

    Worse, affiliates seemed to be getting slugged the entire gambit of VS operational costs. I mean every single expense to run VS and their affiliate program, is still is being covered by affiliates.

    As far as Miles, he has always been a bit quirky. However, previous to taking on the VS role, if an affiliate was owed money, he would go out of his way to ensure that person was paid.

    While he may have been a little off-center at times, you could always rely on Miles to do the right thing.

    Now, well... Miles has proved himself (time and time again) to hold the "truth" very loosely, since being employed at VS. When the "stats" issue became out-of-control for Miles here (AGD), VS sent in Adi (?) to address damage control.

    I believe Miles was head hunted for a reason. That objective has now been fulfilled. Ironically, Miles was/has probably been lied to too, and now, having moved his family to Malta, has little to no choice but to tow the VS line.

    As they say, sleep with dogs, wake up with fleas :D

    Edit:
    All this skullduggery adds up to one word, a word we see a lot in this industry - GREED...

    Not happy making X wants more, and more...The head of this snake, and reiterating...when he was a casino affiliate, his version of business ethics, were strange to say the least. Seems nothing has changed. This beast is perpetually hungry. And regardless if it's affiliates who VS should be grateful to for growing their Brand, they clearly don't care. Instead, they repay that loyalty by financially raping, lying and generally not giving a flying toss about their affiliate partners.

    Seems player are now being shafted too. Sure they still pay quickly, BUT 1'st they trashed the VIP program. Then, withdrawn their weekly-races, while severely reducing the spin achievement awards given throughout each slot game. So much so now, that once a player would receive 100 - 200 free spins for completing ALL achievement awards on a slot, those free-spins are now a lowly 50 or more often than not, less.

    They can't get anymore 'blood' fro their affiliate-stones, so it's the their loyal players who are now being hammered.

    Class act VS!
     
    Last edited: Feb 5, 2019
  14.  
    Biti

    Biti Affiliate Guard Dog Member

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    Great post of AussieDave.

    Indeed, let's not forget about the poor business ethics that VS started with, applying retroactively terms to players. That's really dodgy.

    Miles is what I call a "high five, how are you, mate"-guy. I'm sure he has no wrong intentions, but it's just bla bla. That's why he's employed. He's popular among some affiliates.
     
    AussieDave likes this.
  15.  
    Joonas

    Joonas Affiliate Guard Dog Member

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    Big thanks for taking the time to audit and sharing the results.
     
    Zuga likes this.
  16.  
    danniee

    danniee Affiliate Program Representative

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    Massive thanks to Affiliate Guarddog and also to you @AussieDave for the great input. It makes me incredibly disappointed and angry to see these results although I already knew they were pissing affiliates in the face. Heck, everyone knows that. We keep hoping for better days because, Videoslots is such a great and player friendly casino, but in the end these snakes are not worth while. If we could organise to abandom them we could make way for better programs who care about their affiliates.

    What comes around, goes around.
     
    Zuga likes this.
  17.  
    SnazzySlots

    SnazzySlots Member

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    Zuga, melcb and AussieDave like this.
  18.  
    baldidiot

    baldidiot Affiliate Guard Dog Member

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    Rev share figures are clearly incredibly low, what are their CPAs like - do they have silly triggers or are they more reasonable?
     
  19.  
    NDG

    NDG Affiliate Guard Dog Member

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    It amazes me how some affiliates still try to find the benefits of promoting this brand. When 25% is actually 3% and they aren't willing to do anything about it.. then it's definitely time to drop and rogue them.
     
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  20.  
    AussieDave

    AussieDave 18 years & still going!

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    Team.Video states:
    https://www.casinomeister.com/forum...ssively-shaving-affiliates.86349/#post-984950

    If an affiliate is on 25%, then they pay 25% of the operational costs. Not get hammered with 100% of ALL expenses.

    In so far as their comment about CPA, that's a bit late for affiliates who have sent literally 1,000's of players. Besides, from the way Miles was talking about the CPA deal here on AGD, that too has ambiguous caveats.

    Andy (former owner AGD) threw them in the Doghouse, when, the MIA "stats" issue came to a head. IMO, they should have stayed there. Given what's transpired both in this thread, and what seems to be a 'talk to the hand' attitude by VS, not to mention the woefully horrendous 'true' commission percentages, VS affiliate program should be thrown back into the Doghouse.

    Their actions are way-beyond predatory. Instead, it's downright theft!
     
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