Leoventures owning 51% of Casinogrounds forum and streaming platform

Another thread that will go "bye bye" :)

@Huggehugg what are you talking about:

"I do not quite understand what you mean with lack of transparency and honesty, Kim has talked about this several times in his stream"

When he gets the question he says "I'v talked about it already, but can't say anything, there are threads about it on the forum". The only problem is that CG removes every thread about the subject. Just for fun, when this is a gambling forum and all, show me one good clip where he explains about this subject and I'll paypal you $500. BUT if I can show you 5 times he said "Can't talk about it to much, look at the forum" you send me $500, deal? I mean, every thread like this, Kim never answers, or any other of the "big dogs". I'ts just the "community streamers" that replies, and they really dont know anything about the deal between LV and CG.

Like @Ki4Life says:

"I dont think the platform CG has changed its course since the deal"

The question @Kazommm and others have asked many times before is meant for somone who knows things. Getting a answer from "community streamers" like @Ki4Life and @Slotplayer  says they "think think think" know whats going on wont lead anywhere.

Leovegas is one of the worst casinos out there imo. Whit the lack of "customer loyalty" that @Slotplayer pointed out, and also since they were one of the casinos that allowed streamers to play with fake money I wont trust them. So if leovegas OWNS casinoground i would like to know about it. And if CG stands for transparency why is this such a touchy subject, it blows my mind. Just own up to it.

Do people really think that LV wont try to shift CG to their favor after buying it for SEK30m? How can anyone think that they would buy it so it would gain the competitors more then them self. @Skylined87 pointing out that its "LeoVentures" who made the investment, so what? If you know how companies work the goal is to maximize profits, if they own a casino they will try to make "that casino" grow as much as possible vs competitors. This kind of comments just adds to the shadiness of it all.

And one last thing. So they say casinoground stands for "transparency and that streamers play with there own money". What is the difference if you get "free money from a casino to play" against getting a deal for SEK30m. if kim and others got a SEK1m each payday, do they still play with there "own" money. Affiliation is one thing, so not talking about the "community streamers". About the "transparency" I guess I'll just take this LV owning CG deal as a example and then its enough said about that.

I guess CG will find a reason to remove this post, or the whole thread. Just my two cents. Maybe this is a better discussion to have over at casinomeister anyways, I think it would rank better aswell for people searching for this subject on google.

Cheerios!

 
@soto You need to understand that LeoVentures and LeoVegas are two different things! LeoVentures is a investment company while LeoVegas is an online casino.

 
Another thread that will go "bye bye" :)

@Huggehugg what are you talking about:

"I do not quite understand what you mean with lack of transparency and honesty, Kim has talked about this several times in his stream"

When he gets the question he says "I'v talked about it already, but can't say anything, there are threads about it on the forum". The only problem is that CG removes every thread about the subject. Just for fun, when this is a gambling forum and all, show me one good clip where he explains about this subject and I'll paypal you $500. BUT if I can show you 5 times he said "Can't talk about it to much, look at the forum" you send me $500, deal? I mean, every thread like this, Kim never answers, or any other of the "big dogs". I'ts just the "community streamers" that replies, and they really dont know anything about the deal between LV and CG.

Like @Ki4Life says:

"I dont think the platform CG has changed its course since the deal"

The question @Kazommm and others have asked many times before is meant for somone who knows things. Getting a answer from "community streamers" like @Ki4Life and @Slotplayer  says they "think think think" know whats going on wont lead anywhere.

Leovegas is one of the worst casinos out there imo. Whit the lack of "customer loyalty" that @Slotplayer pointed out, and also since they were one of the casinos that allowed streamers to play with fake money I wont trust them. So if leovegas OWNS casinoground i would like to know about it. And if CG stands for transparency why is this such a touchy subject, it blows my mind. Just own up to it.

Do people really think that LV wont try to shift CG to their favor after buying it for SEK30m? How can anyone think that they would buy it so it would gain the competitors more then them self. @Skylined87 pointing out that its "LeoVentures" who made the investment, so what? If you know how companies work the goal is to maximize profits, if they own a casino they will try to make "that casino" grow as much as possible vs competitors. This kind of comments just adds to the shadiness of it all.

And one last thing. So they say casinoground stands for "transparency and that streamers play with there own money". What is the difference if you get "free money from a casino to play" against getting a deal for SEK30m. if kim and others got a SEK1m each payday, do they still play with there "own" money. Affiliation is one thing, so not talking about the "community streamers". About the "transparency" I guess I'll just take this LV owning CG deal as a example and then its enough said about that.

I guess CG will find a reason to remove this post, or the whole thread. Just my two cents. Maybe this is a better discussion to have over at casinomeister anyways, I think it would rank better aswell for people searching for this subject on google.

Cheerios!
Great post, thanks for backing up my arguments.

As a funny sidenote, regarding your claim about no big dogs answering: Kim visited my profile earlier today, so he has clearly read the thread, but refused to answer.

@soto You need to understand that LeoVentures and LeoVegas are two different things! LeoVentures is a investment company while LeoVegas is an online casino.
Huggehugg: Do leoventures and Leovegas have the same owners?

 
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@soto You need to understand that LeoVentures and LeoVegas are two different things! LeoVentures is a investment company while LeoVegas is an online casino.
And you need to understand that investments companies goals is to maximize profits from it's investments. A question for you would be: If you have a investment in a online casino and a casino community, how would you maximize your profits? You own 51% of the casino community, so what you say they have to do. So... would you make the casino community support your casinos in some way to make more money. OR would you make the casino community to support other competitors in the same way as the casinos you have intrests in?

They have invested SEK30m, they will want to get that back in som way right? Will they get it from the "community streamers"? No, as they say they have their own deals. Im just interested in how you see it all, could you elaborate? Your statement sound like you want to make it a big difference that LeoVentures invested and not LeoVegas, what is this big difference i wounder?

And just so I understand another thing, you wont take me up on that bet I suggested? :)

@Kazommm Yeah I guess they dont want to talk about it coz people will say CG are bias towards LeoVegas, and that they wont have any arguments against it.

 
And you need to understand that investments companies goals is to maximize profits from it's investments. A question for you would be: If you have a investment in a online casino and a casino community, how would you maximize your profits? You own 51% of the casino community, so what you say they have to do. So... would you make the casino community support your casinos in some way to make more money. OR would you make the casino community to support other competitors in the same way as the casinos you have intrests in?

They have invested SEK30m, they will want to get that back in som way right? Will they get it from the "community streamers"? No, as they say they have their own deals. Im just interested in how you see it all, could you elaborate? Your statement sound like you want to make it a big difference that LeoVentures invested and not LeoVegas, what is this big difference i wounder?

And just so I understand another thing, you wont take me up on that bet I suggested? :)

@Kazommm Yeah I guess they dont want to talk about it coz people will say CG are bias towards LeoVegas, and that they wont have any arguments against it.
If you look at the index page of this site, there are a number of casinos listed that are reviewed. Most of these casinos are competitors of Leovegas so you would have thought it is not in their interest for players to sign up there. You would have thought the players rather sign up at Leovegas as far as they are concerned.

Perhaps the value of the site sits at offering the readers a variety of casinos. Perhaps the value of the CG concept sits at offering viewers of CG streamers a variety of casinos to sign up at. Not all casinos are the same and some people prefer one over the others. Leovegas casino is not everybodies cup of tea so to speak.

 
If you look at the index page of this site, there are a number of casinos listed that are reviewed. Most of these casinos are competitors of Leovegas so you would have thought it is not in their interest for players to sign up there. You would have thought the players rather sign up at Leovegas as far as they are concerned.

Perhaps the value of the site sits at offering the readers a variety of casinos. Perhaps the value of the CG concept sits at offering viewers of CG streamers a variety of casinos to sign up at. Not all casinos are the same and some people prefer one over the others. Leovegas casino is not everybodies cup of tea so to speak.
I think Leo is smart, getting comission from competitors. Brilliant :)

 
Yep, but I guess they rather had those players lose / sign up at their casino instead.
Yeah they probably do that aswell. Streamers get bonuses every stream so they dont need to "move on" to get bonuses. "We" need that from time to time, so yeah, most of us play at a number of casinos (i belive). And if we do that trough CG, they might still benefit from it. I'm 100% sure they have thought this true before investing that much of cash into CG. Still i think its brilliant :)

 
I agree with the OP and have to say @LetsGiveItASpin and @Nick have hardly covered themselves in glory through this deal.  Not once have they explained fully to their loyal viewers the full story and we are the ones who made them what they are today.

Leovegas is an ok casino but not even top 10 in my opinion.  It just seems odd that @LetsGiveItASpin streams there and they are the ones buying into CG.

Why not work with a better casino that offers better rewards to the players? LV offers nothing to loyal customers. 

There never seems to be an official reply from the owners of this forum on threads like this! Im 99.9% positive @Slotplayer is the official spokesman for this forum because he is always involved in these threads.

@Slotplayer @Huggehugg would u not like to know everything about the going ons of this forum that you both associate with? 

The loyal viewers do

 
I am not the official spokesman for this forum at all. I have never made that claim so unsure where you get that from.

The forum and website or Casinogrounds has not changed at all since the investment by Leoventures. There have been improvements which makes the site better, so if there is more of that to come then I am happy with that!

I think the site and forum are excellent hence the reason that I participate and am happy to be associated with it. I think the same of another forum that I frequent. I don't care about the business side of these websites as quite frankly it is none of my business. 

 
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I am not the official spokesman for this forum at all. I have never made that claim so unsure where you get that from.

The forum and website or Casinogrounds has not changed at all since the investment by Leoventures. There have been improvements which makes the site better, so if there is more of that to come then I am happy with that!

I think the site and forum are excellent hence the reason that I participate and am happy to be associated with it. I think the same of another forum that I frequent. I don't care about the business side of these websites as quite frankly it is none of my business. 
Thanks for the reply

I like this forum too and I also like all the streamers

The proof that CG is pushing LV is clear as day just go to the review page of this forum.  LV has 5/5 and Casumo and Risk have 4/5.  No way in hell is LV better than Risk and Casumo so that alone is misleading.  

Every member of this forum knows this.

 
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Thanks for the reply

I like this forum too and I also like all the streamers

The proof that CG is pushing LV is clear as day just go to the review page of this forum.  LV has 5/5 and Casumo and Risk have 4/5.  No way in hell is LV better than Risk and Casumo so that alone is misleading.  

Every member of this forum knows this.
Reviews are always going to be subjective. All three are good casinos, each with their own disadvantages.

 
Reviews are always going to be subjective. All three are good casinos, each with their own disadvantages.
They certainly are but compare the complaints between the 3, LV has the most by a country mile.  Im just saying if Kim and Nick were that bothered about viewers why not partner with a firm such as rizk who offer a load of benefits to players.  LV offer nothing to anybody except a  decent choice of games.

In your opinion is LV better than Rizk or Casumo.  A simple yes or no answer is all I want.  

 
They certainly are but compare the complaints between the 3, LV has the most by a country mile.  Im just saying if Kim and Nick were that bothered about viewers why not partner with a firm such as rizk who offer a load of benefits to players.  LV offer nothing to anybody except a  decent choice of games.

In your opinion is LV better than Rizk or Casumo.  A simple yes or no answer is all I want.  
My opinion is irrelevant because I don't do the ratings. I prefer the bulk of my play at Videoslots Casino who in my opinion are better than the 3 mentioned.

Leovegas offer fast withdrawals, good selection of games but lacks a customer loyalty scheme.

Rizk has a loyalty scheme but it is crap. Five minimum bet spins on the wheel? You may as well not have one.

Casumo has recently increased their wagering requirement, withdrawal processing speed is hit and miss and were taken off accreditation for a while on a leading casino review website.

 
Hi Ki4Life.

You pose some good arguments. But I'm struggling to understand why the community are so opposed to there being a clear statement of ownership? A subtle asterix  next to the text about sign-up bonuses if signing up with the streamer, that tells the would be customers that CG is owned by LV, would be sufficient.  And/or a logo in the bottom of the CG-page, would also be welcomed.

" but explain to me what a banner/disclaimer should say in your opinion and what would be the main purpose of such a thing. ". Let me turn this question around, why shouldn't there be, why aren't LV proud to show of their ownership in the biggest casino streaming network?

" but I do not see any active recruiting for LV. ". I regard affiliate links, and promotions benefiting those with a Leovegas-account, such as last months Tiki-Hulu competition by Kim, active recruiting.

And the elephant in the room, which nobody talks about: Why would Leovegas invest such a large amount of money in CG, if they don't benefit from it? I'm pretty sure they aren't doing it for "the greater goods".
Hey answering my question with a question of your own, that's not fair ;)  I am sure LV is proud of the purchase but that does not mean anything has to change, like orange banners and LV logos all around. CG was build by and for the slot community and it's power is to provide content and by a gathering place of us slots lovers. I dont think it is in LV's best interest to change this because then it would become a LV sub page which I do not think they signed up for because they could have easily made a LV page on their own. 

Coming back to my question though, do you see banners informing people to be in the interest of the people themselfs? Why is it important for people to know who owns the site? What is it that you want people to be aware of/need to be protected for? Again trying to understand where you are coming from and why this is important to you. 

Lastly affiliate links are pretty generic here, there is a list of a bunch of them. They were here before the purchase and are part of any community forum/site. The priority did not change after the purchase. LV is not your main link and is not overly exposed, people make their own choice what they think is appealing for them. Also promotions maybe more frequent now and could be part of the deal, but the forum has many promotions all being promoted equally. I dont think LV would hold down other casino promotions or developers who wants to use the platform. 

 
Does anyone think the same as me?

LV invested in, bought controlling interest in CG to make money and only make money.

IMO there is nothing wrong with this. After all this is just a business deal. 

 
Hey answering my question with a question of your own, that's not fair ;)  I am sure LV is proud of the purchase but that does not mean anything has to change, like orange banners and LV logos all around. CG was build by and for the slot community and it's power is to provide content and by a gathering place of us slots lovers. I dont think it is in LV's best interest to change this because then it would become a LV sub page which I do not think they signed up for because they could have easily made a LV page on their own. 

Coming back to my question though, do you see banners informing people to be in the interest of the people themselfs? Why is it important for people to know who owns the site? What is it that you want people to be aware of/need to be protected for? Again trying to understand where you are coming from and why this is important to you. 

Lastly affiliate links are pretty generic here, there is a list of a bunch of them. They were here before the purchase and are part of any community forum/site. The priority did not change after the purchase. LV is not your main link and is not overly exposed, people make their own choice what they think is appealing for them. Also promotions maybe more frequent now and could be part of the deal, but the forum has many promotions all being promoted equally. I dont think LV would hold down other casino promotions or developers who wants to use the platform. 
Coming back to my question though, do you see banners informing people to be in the interest of the people themselfs? Why is it important for people to know who owns the site? What is it that you want people to be aware of/need to be protected for? Again trying to understand where you are coming from and why this is important to you. 

A player has the right to know if he's watching , what I consider, a commercial, or true independent material. How that is so hard to see, I don't understand.

How naive can one be thinking a company pays 30 million SEK without expecting anything in return? And this isn't just coined at Ki4life, but at all the streamers who has participated in this thread.

 
Coming back to my question though, do you see banners informing people to be in the interest of the people themselfs? Why is it important for people to know who owns the site? What is it that you want people to be aware of/need to be protected for? Again trying to understand where you are coming from and why this is important to you. 

A player has the right to know if he's watching , what I consider, a commercial, or true independent material. How that is so hard to see, I don't understand.

How naive can one be thinking a company pays 30 million SEK without expecting anything in return? And this isn't just coined at Ki4life, but at all the streamers who has participated in this thread.
Who has said they don't want anything in return?

 
If you look at the index page of this site, there are a number of casinos listed that are reviewed. Most of these casinos are competitors of Leovegas so you would have thought it is not in their interest for players to sign up there. You would have thought the players rather sign up at Leovegas as far as they are concerned.

Perhaps the value of the site sits at offering the readers a variety of casinos. Perhaps the value of the CG concept sits at offering viewers of CG streamers a variety of casinos to sign up at. Not all casinos are the same and some people prefer one over the others. Leovegas casino is not everybodies cup of tea so to speak.
Once again you answer with a "guess, think, thought, perhaps, probably" post.

Quite funny that @pausefisk then takes this "guess, think, thought, perhaps, probably" post and somehow tries to make it legit:

"I think Leo is smart, getting comission from competitors. Brilliant"

So right now you two have figured it all out right? @Slotplayer continues to answer with yet another "guess" post:

"Yep, but I guess they rather had those players lose / sign up at their casino instead."

so what does @pausefisk do? Sure thing, a "probably, I belive" post:

"Yeah they probably do that aswell. Streamers get bonuses...."

And then @pausefisk ends with "Still I think its brilliant". What is brilliant? Do you refer to @Slotplayer's "probably perhaps" post, that somehow now have turned into the truth about what is happening, what are you talking about?

In reality, none of you have a clue what the short or long term deal is. You're guessing, thinking, perhaps and probably posts won't lead anywhere. Wouldn't this be more suited for a "Everyone guess what LV owning CG deal is about" thread?

I could be wrong, just my opinion.

Like @Slotplayer's latest post... "Who has said they don't want anything in return?". Is it you @Slotplayer that has the answers or what are you doing really? Maybe a better answer from you would be "I dont know sorry, my guess is as good as anyone else"..

 
Im just saying if Kim and Nick were that bothered about viewers why not partner with a firm such as rizk who offer a load of benefits to players. LV offer nothing to anybody except a  decent choice of games.
I get 100% deposit bonus offers from LeoVegas about every month and there's the odd freespins here and there. From Rizk? Barely anything, and the wheel is kind of a joke at this point.

 
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