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question about the new casino profit-share model

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  • #590799
    Anonymous
    Inactive

    On your site you stated that there will be deductions for

    Progressive Contributions,
    License Fees,
    Finance charges
    Non-cash incentives,

    May you go into more detail on how much approximately these deductions will total?

    Will the license fees be the same each month if so how much?

    Is there a finance charge on every deposit, if so how much?

    What kinds of non-cash incentives are given and how much will you deduct?

    If some body wins a progressive will this effect us adversely?

    Thanks,

    #675226
    Anonymous
    Inactive

    I was just going to ask about that. :D

    Licence fee sounds really phony. So what’s the catch? And what is the effective commission?

    #675288
    Anonymous
    Inactive

    Hmm…well, that’s Fortune out for me then. I’m surprised they didn’t add ‘player losses’ to that list, making it a full house :(

    #675504
    Anonymous
    Inactive

    Here’s the response I got back to my above questions.

    Hi Pawel;

    Thank you for contacting Fortune Affiliates and please accept our apologies for the delay in getting back to you.

    None of the deductions are a fixed monthly cost so I have explained what each definition is for.

    non-cash incentives – These will mostly be in the form of comps to players and will vary.

    progressive contributions – This is what gets paid by the casino for the progressive jackpots and is a percentage of what the player spends at the progressives. If a player wins a progressive this will not affect your earnings.

    license fees – These are fees paid by the casino to their software providers, MGS, per player transaction and it cannot be the same every month as obviously the number of player transactions will vary.

    finance charges – These are the fees paid by the casino to the various banking institutions for the player banking transactions (withdrawals, deposits etc.) which also will vary as per player behaviour.

    Please let us know if you need anything else.

    Sincerely,

    Marvyn H
    Fortune Affiliates

    1 800 871 3109 (U.S.toll-free)

Viewing 4 posts - 1 through 4 (of 4 total)