Rakeback CAP at Prima/Microgaming As It Affects Royal Card Club
November 27, 2006
Posted by Sue in : General , add a comment
Dear Affiliate,
Please read the below email in full very carefully. If there is anything you are unsure of please contact us. We expect to be very busy over the next week but we will ensure we have time to respond to all queries you have within 24 hours.
MGS (Prima Poker) are introducing a rakeback cap and they are outlawing the promotion of rakeback for any rooms on the MGS Poker Network. Below is some information for you and what is required to ensure you and we are compliant with the new rules. If you do not comply with these rules we (both RCC and affiliates) risk losing serious income.
Royal Card Club (RCC) and all affiliates of RCC are no longer allowed to advertise rakeback in any way to any player who has not already deposited at RCC. This includes advertising it by email, on websites and in an IM conversation or in any other way. This rule comes into effect on November 28, 2006.
This is the last chance to advertise rakeback on the Prima network – therefore we recommend you contact your player base (those who do not yet have an RCC account) before November 28 and urge them to create an account at www.RoyalCardClub.com before this date even if they aren’t going to play straight away at least get signed up. If you need content for a mailer let us know, we will be able to provide you with something.
To help keep RCC attractive on your site we will offer a signup bonus of 500% up to $1000 Free and a monthly bonus of the same value but you are not allowed to advertise on your site that players will receive rakeback at RCC.
Once a player has joined RCC and deposited they will be offered 30% rakeback automatically. Please note: If a potential player asks you if they will get rakeback at RCC you should inform them that they should make an initial deposit in order to find out.
NOTE: MicroGaming will do many checks on this and if any breaches are found affiliate accounts may be closed and any funds seized by them. We cannot stress how important this matter is.
Just to recap: You CAN continue to advertise RCC on your site, with selling points being the signup bonus, monthly bonus and the promotions we are launching for all players on December 1 (details below). However you must remove any mention of RCC offering rakeback from your site before November 28, 2006. If you do not remove rakeback advertising for RCC from your site before November 28 you risk having your affiliate account closed.
The new commission rates for Royal Card Club affiliates are as follows:
Commission Monthly Gross Rake
35% $0 – $3,000
37% $3,001 – $6,000
40% $6,001 ++
Rakeback will continue be be deducted from your commission as it is at present however we will pay all transaction fees incurred by deposits by all players. This excludes some players who remain on high rakeback deals, these will continue as previously agreed between RCC and the relevant affiliate until February 1, 2007 when all players will be brought down to 30% rakeback as dictated by the new rule.
All players who played between October 5 and 19 will remain on the rakeback level they are on at present providing it is higher than 30%. Any of these players on a RAF program will be moved to a rakeback campaign with the same settings. This means that up until February 1st there will be little change for people who played between October 5 and 19.
As of February 1st rakeback for all players will all be brought down to 30%.
We have taken this opportunity to launch some great promotions which will start December 1 and are available to ALL Royal Card Club players. These are listed below and the cost for each of these will be paid in full by Royal Card Club (no expense will be passed on to you).
1) iPod Week – Every month for one whole week we’ll give an iPod away to one of the top five rakers. In December iPod week will be from December 18 through to December 24 (Christmas Eve).
Note: Each player can win a maximum of one iPod per calendar month. The iPod may be exchanged for free cash ($320 into the player’s poker account) if they would prefer this. If the player selects the cash option there are no wagering requirements imposed upon the bonus.
2) Wicked Weekends – Every Saturday and Sunday (excluding the weekend in iPod week) for the whole month the top raker Saturday and the player who plays the most raked hands on the Sunday will win a $200 CASH Bonus – no wagering requirements! That’s $400 up for grabs every Wicked Weekend!
Note: Each player can win a maximum of $200 each weekend. If the same player is the winner on Saturday and Sunday of a particular week the prize for Sunday will be awarded to the player in second place on the rake leader board.
3) $1000 in Freerolls – December 12 and 26 starting at 20.30 CET we will run $500 freeroll tournaments for the holiday season. Free entry, providing the player has played at least 200 raked hands in the 30 days prior to the tournament. $500 in prizes for each tournament, capped at 100 players to keep the odds hot!
We will inform all players of the above exciting promotions, but perhaps you would like to use some or all of these great promotions to help attract players to www.royalcardclub.com – If you need any specific creative or content for a mailer please let us know.
Some affiliates who had active players between Oct 5 and Oct 19 will need new affiliate accounts created, to use for recruiting new players, if this effects you we will be in touch in the following week with the details of your new account.
Finally, if you are unsure about any of the above information please feel free to email us, we understand there is a lot to digest and will be only too happy to explain it in greater detail.
Message from BingoRevenue CEO
November 23, 2006
Posted by Sue in : General , add a comment
Hello Partners,
I regret to inform you that BingoRevenue is currently suspending all US business and this means for some of you that payments are delayed and may be delayed until such time as we can get full payment from our merchant partner BingoWorkz.com.
We are working with BingoWorkz to source all outstanding funds and will do our utmost to pay all partners in full, but at this time we have no assurances from the merchant or payment processors that payments will be forthcoming.
When the US announced a Senate vote in favour of blocking US transactions, many payment processors froze the accounts of US facing merchants.
This situation will hopefully pass and it will be business as usual in the near future.
In the meantime, please immediately remove all links and promotions for BingoWorkz until they are able to pay our company and ultimately your payments in full.
We have had an exceptional relationship with our friends at BingoWorkz and hope this is a temporary matter and that the US payment processors pay up on all their accounts and get us all back to business as usual.
If you have any questions please don’t hesitate to contact me directly at: lawrence@bingorevenue.com
WagerShare Returns To The ‘Private Ownership’ Fold
November 18, 2006
Posted by Sue in : General , add a comment
7 November 2006
Fairground Gaming Holdings plc (“Fairground Gaming” or the “Company”) proposed DISPOSAL of The spin palace group, PROPOSED CESSATION of trading on aim AND PROPOSED MEMBERS’ VOLUNTARY WINDING-UP
Following the termination by the Company and its subsidiaries of participation by US-based customers in its casino and poker activities, the Board of Fairground Gaming (“Board”) has focused on finding ways of maximising shareholder value and in doing so has considered a wide range of alternative strategies.
The Board has now unanimously agreed that the optimal course of action is to dispose of its gaming operations and infrastructure (“The Spin Palace Group”) and has entered into an agreement, conditional on shareholder approval, to dispose of The Spin Palace Group in its entirety (the “Disposal”) to Seahouses Holdings Limited (“Seahouses”), the original vendor of the business, and a major shareholder in the Company.
The main features of the proposed transaction are:
§ The total estimated consideration payable for The Spin Palace Group is £11,095,000 which is to be satisfied by:
– a cash payment of £5,090,000;
– the reclassification of Seahouses’ 9,100,100 ordinary shares in Fairground Gaming into Deferred Shares which will have no voting and only notional economic rights;
– the cancellation of Seahouses’ 27,294,707 warrants to subscribe for 27,294,707 new ordinary shares in Fairground Gaming;
The value attributed to such ordinary shares reclassified into Deferred Shares and cancellation of warrants is approximately £6,005,000 on the basis of 16.5p being the market price per ordinary share in the Company on 16 November 2006, being the latest practicable date prior to the date of this announcement.
§ As the Disposal is a sale of shares, Seahouses will acquire The Spin Palace Group with all the liabilities of The Spin Palace Group including player balances and all leases and will take over all employees;
§ The Executive Directors of Fairground Gaming will not remain with the operations which are being disposed of;
§ Seahouses has advised the Company that it has no intention to operate the business of the Spin Palace Group in the United States;
§ The Disposal is subject to approval by the shareholders of Fairground Gaming of resolutions (“Resolutions”) to be proposed at an Extraordinary General Meeting to be held on 11 December 2006 (the “EGM”);
§ At the date of this announcement, the Board has received irrevocable undertakings to vote in favour of the Resolutions from shareholders representing approximately 9.7% of shareholders eligible to vote;
§ Full documentation concerning this transaction follows this announcement, and a circular will be posted to shareholders on 17 November 2006. Copies of the circular will be available from the offices of Fairground Gaming’s Nominated Adviser: Daniel Stewart & Company Plc, Becket House, 36 Old Jewry, London EC2R 8DD.
The Board intends to liquidate Fairground Gaming and to distribute the cash balance to the remaining non-Seahouses shareholders, who in aggregate will hold 28,626,324 ordinary shares in the Company, as a return of capital. Subsequent to the Disposal, the Company expects that it will be left with approximately £6,160,000 in cash after providing for winding-up costs and fees related to the Disposal. It is estimated that this will yield approximately 21.5p per ordinary share in the Company and it is expected that this liquidation distribution will take place by the end of February 2007. This payment would represent a premium of approximately 68% to the average weighted price of an ordinary share in the Company from the period of 13 October 2006 when the Unlawful Internet Gambling Enforcement Act was signed into law to 16 November 2006 being the latest practicable date prior to the date of this announcement.
PlayShare PLC acquires Grand Gaming Group
November 18, 2006
Posted by Sue in : General , add a comment
Opportunity: noun, plural – ties
1. an appropriate or favourable time or occasion
2. a situation or condition favorable for attainment of a goal
3. a good position, chance, or prospect, as for advancement or success
On the 1st of November, 2006, PlayShare PLC acquired the Grand Gaming Group, which comprises Grand Monaco Casino and the G3 Partner affiliate program. Hailed in gaming circles as the two most watched groups, the merger is in line with the ambitions of PlayShare to be one of the top 5 gaming companies within the next two years.
A massive opportunity exists, for all affiliates, to take advantage of the growth that this will provide to the individual casinos and the group as a whole.
The merger has already created a bigger and stronger team to support the requirements of both players and affiliates alike, and now provides you with five world-class products to promote –
PokerShare
CasinoShare
www.grandmonaco.com
www.deutschesgrandmonaco.com
www.casinograndmonaco.com.
And there are more to come in the future!
Even bigger news for affiliates is the reunion of two of the most experienced affiliate managers in the industry – a relationship that goes back more than 6 years. Lawrence Wilson and Jon-Jon Keegan have worked closely together in the past and are extremely excited about making a massive success of this new casino group. Add to that their resident poker expert, Ahsan Shah, and you have an all-star affiliate team, capable of extracting the best of both the brands and the affiliates.
AFFILIATE SERIES OF POKER INTRODUCED AT CAP EURO!
November 17, 2006
Posted by Sue in : General , add a comment
14-11-06
November 14, 2006 (London, UK) – The rumours were true! Coinciding with CAP Euro (www.capeuro.com) is the first ever Affiliate Series of Poker (www.asop.com), an event that at long last will find the best poker playing affiliate out there and the great thing is it costs you absolutely nothing.
The tournament itself is open to all approved CAP and GPWA affiliates registered to attend CAP Euro in London in January and with a prize fund totalling $10,000 plus free flight and accommodation at CAP spring break it is an event you cannot afford not to enter.
Commenting on the ASOP, Lou Fabiano founder of CAP said ‘What better way to network with your fellow affiliates while playing poker AND winning some cash? Events like ASOP are what make our CAP events sexy and exciting, year after year. Thank you Jessica and Fran from Full Tilt Poker for your support in the first full-blown poker tournament for affiliates!’
Freeroll tournaments will initially run on ASOP sponsor sites (Full Tilt have already confirmed) whittling the number down to 36 players to fight it out for the huge prize fund and most importantly the European Championship ASOP bracelet at CAP Euro within the expo area in front of your colleagues and peers.
Whether you are card shark or a minnow there is no excuse not to take part in this event – You have seen the stars on TV, now it’s your turn to be the winner, and let our community know you are the best, or just dam lucky!
Remember this event wouldn’t happen if we didn’t get sponsorship so a big thank you to Full Tilt Poker for taking one of the two sponsorship packages, and as soon as we get the second sponsor, we will let you know.
See you at the tables!
ENDS
About CAP Euro
CAP Euro is a three-day event organized by iGaming Business and CasinoAffiliatePrograms.com specifically designed to bring together the top affiliate minds in the internet gaming industry through intense networking and education. The event takes place directly after ICE on the 26th – 28th January 2007 – Further information can be found at www.capeuro.com
About ASOP
The Affiliate Series of Poker is a series of tournaments for approved affiliates attending CAP events – They are strictly not open to the public and cost nothing to enter. The ASOP is out there to make champions!
Thank you Full Tilt Poker
As the world;s fastest-growing and 2nd largest online poker site, Full Tilt Poker is the only place to go if you’re serious about growing your affiliate business. Full Tilt Poker’s Affiliate Program provides comprehensive tools,reports, and online and offline marketing materials such as online banners, graphics and printed materials designed to help you attract, convert and retain more players than any other competitive online poker site.
