Wagershare ROGUE - do NOT promote

Discussion in 'Casino Industry Buzz and Terms Alerts' started by Guard Dog, Jan 16, 2013.

  1.  
    Guard Dog

    Guard Dog Guard Dog Staff Member

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    Wagershare ROGUE - do NOT promote

    Terms spidered on January 16th, 2013 12:00 AM
    SUMMARY: This alert is a warning to all affiliates who currently promote Wagershare Casinos. Wagershare is actively reducing the commissions of their affiliates any way they can. This is NOT an idle warning as we have emails from many affiliates showing reduction of earnings and refusal to pay out rightful commissions. If you continue to promote this group - they WILL take your hard-earned money. Below we have re-listed the terms in their contract they are using, at this time, to reduce commissions and NOT pay earnings.

    In addition to this, Wagershare appears to have the highest 'lock' ratio for players. This means that you will have a lot of locked players of which Wagershare typically says 'the player wanted their account closed'. They are way above the industry normal in this respect. (earnings are removed for locked players) Furthermore, once they are marked as locked, you have no idea how much you are owed or the revenue generated by that player.

    It is also worthy of note that Wagershare's 'High Roller' clause is used, but there have been many issues where players are NOT returned to the affiliate's account unless the affiliate continues to follow up on such player(s) and bug the Affiliate Manager.


    Minimum Activity Rule

    5.3.6 WagerShare will only make payments to active affiliates; an active affiliate account is defined as an account which has generated a minimum of 1 new paying customer for the casino clients or the bingo clients of WagerShare within a 3 month period. If an account does not meet these requirements, at the sole discretion of WagerShare management, future commission payments may be withheld.

    LOW Commission Structure

    " If in a calendar month the Casino Net Revenue generated by You is less than or equal to US $15,000.00, You will earn 25% Commission on the Casino Net Revenue.

    " If in a calendar month the Casino Net Revenue generated by You is greater than US $15,000.00 but less than or equal to US $30,000.00, You will earn 30% Commission on the Casino Net Revenue.

    " If in a calendar month, the Casino Net Revenue generated by You is greater than US $30,000.00, You will earn 35% Commission on the Casino Net Revenue.

    High Roller Policy

    5.4 High-Roller Policy


    5.4.1 In any given month, if an individual player generates a negative Net Revenue of at least $10,000 ('high-roller'), and the aggregate Net Revenue in that month (for the casino and sports betting) for that affiliate is negative $2,000 or greater, then the high-roller policy will apply.


    5.4.2 If both of the above criteria are met (see clause 5.4.1) then the negative Net Revenue generated by the high-roller will be carried forward and offset against future Net Revenue generated by that high-roller.


    5.4.3 The negative balance carried forward cannot be set-off against other players Net Revenue.


    5.4.4 The negative balance carried forward cannot be greater than the total aggregate negative Net Revenue for the affiliate, for that month.


    5.4.5 If there is more than one high-roller, the negative balance carried forward will be split proportionally between them.


    5.4.6 The negative balance of a high-roller will be reduced by future positive Net Revenue that they generate in subsequent months. A negative balance will not be increased by future negative Net Revenue unless the high-roller meets the qualifying criteria in subsequent months (see clause 5.4.1).


    5.4.7 Affiliates who have qualifying high-rollers on their account will be notified at the beginning of the following month.



    SUMMARY: Wagershare is now listed as ROGUE at AGD for actively applying the rules above. The rules are applied both to new affiliates and retroactively to affiliates who did not agree to the new contract.

    These are NOT new terms, but ARE retroactively applied after they were place in the contract without notification to affiliates.


    Wagershare ROGUE - do NOT promote
     
  2.  
    cassaon888

    cassaon888 Affiliate Guard Dog Member

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    Thanks for notifying us Andy.
     
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    Webzcas

    Webzcas Affiliate Guard Dog Member

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    I have registered the domain name WagerShaft.com. I plan to have it up and running within the next few days. This warning concerning WagerShare here on AGD will be one of several that WagerShaft will reference when the site is live.
     
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    bonustreak

    bonustreak Administrator Staff Member

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    LandofOz

    LandofOz Affiliate Guard Dog Member

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    wagerscam.com is also available for now :)
     
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    cassaon888

    cassaon888 Affiliate Guard Dog Member

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    We rogued them as well. The list just gets longer and longer, the way things are going now there will be very little reputable programs left to promote.
     

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