The global online gaming market has taken another major hit: Casino Coins has announced that its many online gaming brands will accept no new players.
“Casino Coins will no longer be accepting new customers effective May 16th, 2011,” company reps stated in an email.
This policy will be implemented for all Casino Coins brands including Caribbean Gold, English Harbour, Millionaire Casino, Silver Dollar, Slots Galore, Super Slots and VIP Slots.
Affiliates that are on a revenue share model will be paid on a quarterly basis for all players referred to Casino Coins beginning on June 1st, 2011. The revenue share earned for the month of May will be paid by June 15th, 2011 with the first quarter paid by September 15th, 201
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If you have any concerns or questions regarding these policy changes please contact your Casino Coins representative.
The big picture
The announcement seems at first to be a reaction to Black Friday, or April 15, the day that the U.S. government seized the .com domains of the world’s largest online poker sites and blocked all American access.
That action shut down PokerStars.com, FullTiltPoker.com, UB.com and AbsolutePoker.com in the U.S., and other online gaming companies are warily moving away from the U.S. market, as well. Last week, BetUS announced it would no longer accept U.S. players, and more are almost certain to follow as the issue continues to grab headlines and cause heated debate in circles both in and out of the gaming industry.
But this case is different: Casino Coins is not only exiting the U.S. market, it’s declining to accept any new players entirely, leading many to believe the company is shutting its doors for good. Longtime CAP friend Dominique has reported that the issue stems from problems with a key payment processor. CAP awaits official word of the company’s status.
The affiliate angle
Plenty of online gambling options for U.S. players do still exist, such as Bodog and sites on the Merge network (now the largest in the U.S. market). The World Series of Poker, kicking off later this month, is likely to stir renewed interest in online poker, too, as it always does.
To all those wondering just what this means for the casino affiliate industry, and what options remain available for U.S.-facing affiliates, shoot us your questions here in the comments. And thanks for staying on top of all the latest developments here at the Casino Affiliate Programs.com blog.