It's a Mad Mad Mad Mad Industry! APCW Perspectives Weekly: 26 February 2010

[APCW]

The online gambling industry is used to strange news and odd happenings, but this week was still amazing! We have proof that Microgaming has been acting like a hypocrite, and evidence that management at the rouge Jackpots Heaven casino has finally slipped over the mental edge! Plus, industry news out of Canada!

http://www.youtube.com/watch?v=c0-_KmZCfAg

[Anthony]

We do apologize for the delay in getting this video out.

[TheCPA]

I read the positive report on 400 Affiliates in the other thread.
I'll post the following in that one too.

Unfortunately, the timing might not have been the best.

Here's an Email I got today:

Hi everyone,

It's been a long process, but Rival and the collective
operators have come to a decision regarding the Progressive
system and deductions.

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. Effective March 1^st, 2010 for all
Rival white-label properties, progressive deductions will now
be carried forward in the case that an affiliate goes negative
from the deduction. It is necessary to carry forward
progressive deductions as it must be zero-sum to both the
operator and affiliate to make sense.

Also occurring on March 1st, all fraud charges and progressive
deductions (as mentioned above) will carry forward if an
affiliate becomes negative. Fraud charges include chargebacks
and/or processor seizures.

Detailed Description of 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 player's 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.
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

Regards,

Jaxon

Jet Set Marketing - Affiliate Manager

www.paradise8.com

www.cocoacasino.com