Genting Affiliates Update Terms – No Negative Carryover

Terms spidered on August 15th, 2011 08:30 AM

SUMMARY: Genting Affiliates, at the request of the certification team, have updated the terms to include *no negative carryover*. While this was always the case, it is good to clearly state that in the contract.

TERMS Update – Negative Carryover
.4.3 The Affiliate shall earn an agreed rate of Referral Commission based on the net profit of their referred Customers. Net profit is defined as:i. as:(i) on Casino and Arcade activities, the value of opening balance with the addition of funds transferred in less (i) funds transferred out (ii) closing balance (iii) credits made to users (iv) bonus credits (v) licensing fees (vi) charge-backs (vii) bad debts and (viii) fraud.ii. fraud.(ii) on Poker activity, the gross rake less (i) licensing fees, (ii) poker chips bonus, (iii) charge-backs, (iv) bad debts and (v) fraud.Affiliates fraud.(iii) Affiliates are eligible for payment on the balance of their Arcade, Poker and Casino earnings. Negative commission balances in either the Games, Poker, or Casino will be deducted from available commissions.4.4 commissions.(iv) GA operate a no negative carry over policy, and negative casino revenue is reset to zero at the end of each month.
SUMMARY: Thank you, Genting Affiliates, for updating the terms to make them more affiliate-friendly and clear!