Leoventures owning 51% of Casinogrounds forum and streaming platform
- Thread starter Kazommm
- Start date
Why did Leoventures buy 51% of CG, and not 50% or below. Money Money Money
Why was it important for them to be the major stockholder, and not a just a partner? Control
Why did Kim decide to give up control of his firm to LV? This is about business
Kims intentions are good and he would be also mad not to accept the offer
Maybe not allowed to discuss details of business
Slotplayer
Moderator
Ok how about this then: who gives a flying fuck.
I am out of this discussion.
I am out of this discussion.
Last edited by a moderator:
Last edited by a moderator:
Ki4Life
Casino streamer
Please if you want to have a civil discussion about this please be less subjective in your answers. (please refrain from words like naive or make it seem I am stupid for not seeing where you are coming from). There is no regulation on informing people if something is a commercial or independent material. By not showing does not equal malacious things happening behind people back. There is just no point in doing so, but let us agree to disagree on this matter.
Also I did not state anything about return on investment. What the deal is and how money is going to be made will be a strategic decision between board of CG and LV. It does not concern any of the us users of the form. I am sure it will be a wellthought plan both long and short term.
One thing I do not expect though is that this platform will turn into a LV playground. People are smart enough to see this through and will leave this platform if everything is focused to generate revenue.
Craig smith
Your friendly forum member
I would say good luck to leo vegas taking on the casinogrounds website. Its a big competitive market out thare and if they have brought more to casinogrounds in there package for the better and good for the people that use the site then good luck to them. I do think there should be a leovegas logo at the log in point because they should be proud of taking control of the site. I dont think they should put up leovegas ownes 51 percent of this website+ they are in control. I dont think that type of message should be displayed as it may discourage people to log on to the site. But yes i think they should be proud of what they have done and display there logo on the log in page. Having a solid casino backing for the website is very good for its users. Theres stability thare and the site should keep on thriving. Just my opinion on the 51% leovegas question. Craig.
Quite right slotplayer. Good on you man. Not being disrespectful to you but good and funny answer my man. Made me laugh☺??.
soto
New member
By the number of people asking about it in this thread, "removed threads" and chat, I would say it seems like there are quite a few who gives a f.
Hope I diddn't offend you, I was just trying to get the point across that the discussion wont lead anywhere before someone with answers joins in.
All the luck with your streaming, cheers!
Yes, best case senario would be that they try to make it for the better and good for the people that use the site. But I think that is a highly unlikely though.
In the start of CG the big dogs only talked about growing the community so they, with the built power of the community could bring the absolute best deals for the players. In recent time they have stoped saying this right? Now it's guessing and perhaps again. But could the reason be that they now are owned by leo and that the goal has shifted from trying to get the players the best deals possible to just use the community to get massive affiliate money themself?
When CG grows even bigger over the years, then LV will have even more to say about what casinos that are allowed and what it will cost them to be associated with CG. Lets say the affiliate deal they get for themself makes the associated casino have to pay double the amount for new players, with that overhead they wont afford to make any good deals with the players right?
Looking even further down the line, casino streaming might get banned on twitch and youtube. And CG becomes the place where you watch casino streaming. Then they will have even more power, both over other casinos and the streamers, they could start charging streamers for using the platform etc etc. I know some dont give a flying f, while in my mind the community streamers should really be thinking about it all.
I have many more perhaps, think, guess senarios. And I just cant see any of them beeing for the better good of the players.
This with the total lack of transparency and censorhip about the questions just rubs me the wrong way.
There is nothing bad about making money, for me in this case it's more about how they do it. Before they could use the people for the affiliate money, now with leo I'm afraid people will be used on a whole different level.
If they where open about it all, trust me I wouldn't giva a f either. Even if I don't like leo I wouldn't care. If people just know about whats going on and don't have a problem with it then fine. And even though Leo now owns CG I would be a bigger supporter of CG for them beeing open about it, and maybe on day even try playing at leovegas again.
A short notice to all participating on this thread, please keep constructive and on topic replies. No personal attacks / trolling attempts will be tolerated (I have deleted last 2 posts as they had nothing to do with the thread). Thanks for understanding!
soto
New member
I take it we will never hear from the owners, and when there is just me and a few others that seem to have a interest and posting i dont see why they should care.
I'll leave it with what I would love see happening:
The ton of affiliate money CG pulls in gets devided into a few different groups, just for example:
15% goes to maintaining the site
15% goes to profit for the owners
50% gets devided amongst the streamers*
20% goes back to the community players (without them there wouldnt be any money)
* Devided amongst the streamers would mean some big changes where community streamers gets payed based on the amount of traffic and signups they manage to bring to CG. If it's found that a streamer uses there own affiliate links in some way they get banned and will loose all future income. New streamers would have a great platform to start out with. They would not make as much for each signup, but get more exposure and earn back in that way. When its based on performance the bigger streamers would also make more money as it should be. Sure, they wouldn't make as much as if they take it all I know...
Now, for the 20% that goes back to the community. Maybe somehow based or part of how active the diffrent players are. There could be daily drawings, and people would have a chance to win good prices like $25 - $500 cash. One part of the 20% could go for some weekly spinningwheel where prices range from $100 - $1000, and like a monthly jackpot where first place gets like $5000. All this will ofc be based on how many players CG have and how much they play for. But as seen the big streamers can make $15 000+ a month, so every community streamer combined would generate some great prices.
This would mean that the streamers loose some profit, but as the community grows they would still get allot of money. Meanwhile, the players would get something back for supporting the community and helping out making these affiliate deals.
Like, now they say "Use our affiliate link, you get the same bonus as signing up elsewhere, BUT with our link you will get better and more occuring bonuseoffers". They dont mention any specifics of what kind, how often, value or type though. Personally I still think its up to the casino in question to decide. And I guess this is another subject that they don't want to discuss so we will probably never know. But do really people get more back by using the links atm? Like, if they have made a deal where they said "Hey, if we promote you, our players needs to get at least two 50% deposit bonuses a week", why wouldn't they be able to say that? Again, just seems shady to me.
Anyway, I think it would be great with some sharing of the wealth. Instead of drawing people winning 20-50 freespins, there would be something more of value getting back to the players.
And anyone could build something like this today, its not a question if it would work or not. Somethings would need to be figured out and changed but something simular anyway. The only thing stopping CG going this direction would be the "top dogs" and ofc leo that now owns CG.
I dont think people know how much of a value they are, without them there would not be any big deals. But maybe most people just dont give a f.
So yeah, thats what I would like to see happen, rather then saying what I think CG will become in my recent posts
Cheers!
I'll leave it with what I would love see happening:
The ton of affiliate money CG pulls in gets devided into a few different groups, just for example:
15% goes to maintaining the site
15% goes to profit for the owners
50% gets devided amongst the streamers*
20% goes back to the community players (without them there wouldnt be any money)
* Devided amongst the streamers would mean some big changes where community streamers gets payed based on the amount of traffic and signups they manage to bring to CG. If it's found that a streamer uses there own affiliate links in some way they get banned and will loose all future income. New streamers would have a great platform to start out with. They would not make as much for each signup, but get more exposure and earn back in that way. When its based on performance the bigger streamers would also make more money as it should be. Sure, they wouldn't make as much as if they take it all I know...
Now, for the 20% that goes back to the community. Maybe somehow based or part of how active the diffrent players are. There could be daily drawings, and people would have a chance to win good prices like $25 - $500 cash. One part of the 20% could go for some weekly spinningwheel where prices range from $100 - $1000, and like a monthly jackpot where first place gets like $5000. All this will ofc be based on how many players CG have and how much they play for. But as seen the big streamers can make $15 000+ a month, so every community streamer combined would generate some great prices.
This would mean that the streamers loose some profit, but as the community grows they would still get allot of money. Meanwhile, the players would get something back for supporting the community and helping out making these affiliate deals.
Like, now they say "Use our affiliate link, you get the same bonus as signing up elsewhere, BUT with our link you will get better and more occuring bonuseoffers". They dont mention any specifics of what kind, how often, value or type though. Personally I still think its up to the casino in question to decide. And I guess this is another subject that they don't want to discuss so we will probably never know. But do really people get more back by using the links atm? Like, if they have made a deal where they said "Hey, if we promote you, our players needs to get at least two 50% deposit bonuses a week", why wouldn't they be able to say that? Again, just seems shady to me.
Anyway, I think it would be great with some sharing of the wealth. Instead of drawing people winning 20-50 freespins, there would be something more of value getting back to the players.
And anyone could build something like this today, its not a question if it would work or not. Somethings would need to be figured out and changed but something simular anyway. The only thing stopping CG going this direction would be the "top dogs" and ofc leo that now owns CG.
I dont think people know how much of a value they are, without them there would not be any big deals. But maybe most people just dont give a f.
So yeah, thats what I would like to see happen, rather then saying what I think CG will become in my recent posts
Cheers!
SuperSmask
New member
Hey @soto, looking at how you divided the money CG makes of the website, affiliate etc., to me it looks quiet accurate of what it is. Now I can't say for certain, but I think it's about right.
One thing though, 50% divided amongst streamers is not correct, as CG affiliate links and Streamer links are seperated. They have nothing to do with each other. The owners of CG get the income from the affiliate links on CG, not all streamers own a share in CG and not all owners are streamers.
On the bonus deal u mention with 2 50% each week, I'm pretty sure thats just too expensive for the casino to do. Don't get me wrong I would welcome it, but its all about numbers.
One thing though, 50% divided amongst streamers is not correct, as CG affiliate links and Streamer links are seperated. They have nothing to do with each other. The owners of CG get the income from the affiliate links on CG, not all streamers own a share in CG and not all owners are streamers.
On the bonus deal u mention with 2 50% each week, I'm pretty sure thats just too expensive for the casino to do. Don't get me wrong I would welcome it, but its all about numbers.
soto
New member
Hello @SuperSmask, I dont think you got my point. The whole post was a example of what route I would like CG to take. But in case you think my example is what CG already is I will try to explain my point of view. When @Huggehugg likes your post and seem to agree with what your saying I might have explained myself bad.
But are you saying that CG gives back 20% of the affiliate money to the community players? Lets say they have 1000 players supporting them by playing via their affiliate link (think thats counting low). And lets assume that every player deposits an average of 100$ a month (again I think thats counting low).
Depending on the affiliate deal ofc, but lets say they get 50% of the deposit amount of each player. That would bring $50000 a month. Are you saying that 20% of that is going back to the community players in cash prices? That would mean they give out $10 000 each month in cash to different community players. If so then great, I have just not seen it at all.
So please explain a bit futher what you mean about "looks quite accurate of what it is"
And as I said "Devided amongst the streamers would mean some big changes". With my example the different community streamers would have to get more connected to CG in some way. Where they also would loose some affiliate money by individual player, but would get more back considering the community players they would get access to. Again, it would need to be figured out, and probably change alot, but something in those lines.
"Use my affiliate link, on signup you will get the same bonus as signing up anywhere else. But if you use our affiliate link you will get BETTER DEALS in the future".
So my question was, what are those better deals thats suppose to bring better deals for the community players? Like what exactly are the community players gaining from using the link? If you say something like that quote, why cant you be more open about what you mean about it?
Keep in mind, without the community players they wouldn't get the speacial deals in the first place. Lets say they earn 50% more then they would have without the community players, is drawing some 20-50 freespins to the players really making up for that? (again, we dont know numbers so just a example)
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I kind of feel like I'm just rambling, writing these long post
just trying to get my point of view across. And if you think about it, not so much against CG. More like a concern that they might F it up if they dont start to consider the individual community players that really are the cornerstone to their success.
At the same time, this ignore from the ownes. Don't know why I bother really.
Ok, so this is the part that I dont get, what do you mean about it "looks quite accurate of what it is". Could you elaborate what you think is accurate. I have no idea of how CG distribute the affiliate money and my post was, as I said just a example from the top of my head.
But are you saying that CG gives back 20% of the affiliate money to the community players? Lets say they have 1000 players supporting them by playing via their affiliate link (think thats counting low). And lets assume that every player deposits an average of 100$ a month (again I think thats counting low).
Depending on the affiliate deal ofc, but lets say they get 50% of the deposit amount of each player. That would bring $50000 a month. Are you saying that 20% of that is going back to the community players in cash prices? That would mean they give out $10 000 each month in cash to different community players. If so then great, I have just not seen it at all.
So please explain a bit futher what you mean about "looks quite accurate of what it is"
Well, as I tried to explain, it was a example of which route I wanted CG to take, and that is to give back a bit of the wealth to the cummunity players from the massive affiliate deals they help CG make.
And as I said "Devided amongst the streamers would mean some big changes". With my example the different community streamers would have to get more connected to CG in some way. Where they also would loose some affiliate money by individual player, but would get more back considering the community players they would get access to. Again, it would need to be figured out, and probably change alot, but something in those lines.
Again, I tried to be very clear about my post beeing a example. And as I stated this is another subject that they dont want to discuss, so we will never know. Whatever the deal is, if you tell the community players:
"Use my affiliate link, on signup you will get the same bonus as signing up anywhere else. But if you use our affiliate link you will get BETTER DEALS in the future".
So my question was, what are those better deals thats suppose to bring better deals for the community players? Like what exactly are the community players gaining from using the link? If you say something like that quote, why cant you be more open about what you mean about it?
Keep in mind, without the community players they wouldn't get the speacial deals in the first place. Lets say they earn 50% more then they would have without the community players, is drawing some 20-50 freespins to the players really making up for that? (again, we dont know numbers so just a example)
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I kind of feel like I'm just rambling, writing these long post
just trying to get my point of view across. And if you think about it, not so much against CG. More like a concern that they might F it up if they dont start to consider the individual community players that really are the cornerstone to their success.At the same time, this ignore from the ownes. Don't know why I bother really.
NudgeShuffle
New member
Hi Soto,
I thought your posts were a good read and quite thought provoking so don't be too despondent.
Regards
SuperSmask
New member
Hey @soto sry for not responding earlier, but have been busy with work, housing society and my stream
When re-reading your post, I see that it was taken as an example.
, and I think you have some good ideas and views the subject. I absolutely don't see your post as a negative post against CG, very constructive and like you said concerns for the future. I agree that the cornerstone of this site is the community we have here, without it, there is no CG.
Smask out B|
When re-reading your post, I see that it was taken as an example.
- Giveaways: I know that CG did have a giveaway last year (maybe more than one?? don't know as I wasn't hugely involved back then). How much of the total budget it was (all giveaways in total), I have no idea. You might be right that it's wasn't 20%. But in the future you might not be wrong either. Just keep in mind, giveaways can be tricky, because not all are legal, needs to follow some specific rules (from what I know, don't slaughter me if I'm wrong :4head: )
- Affiliate money is not as easy as you stated above. But lets just say 50% of 100000$. So 50000$ to CG. You need to account for casino fees, which actually are quite significant on some sites. Also need to tax it as well. And then you need to take into consideration, that people also win sometimes . This also eats into the profit made on affiliate money. I would say you at least need to remove like 30000$ from the 50000$ that would prob. be an accurate nr. (this is my calculation, might be off though)
- The thing you mention with streamers being paid by CG (more than individually), is not gonna happen. I actually dislike the idea myself, as it would feel like I was "working" (don't like that word, when im playing for entertainment) for "someone". Hope you understand what I mean.
- I can tell you that CG are trying to get the best deals they can for their players. It's not easy to get exclusive deals. But like u said it helps if it involves a lot of People. On Highroller I know you get extra coins on every level up, and some special bonuses on specific level ups. I know this might not sound like much, because there's no value attached to it, but it's something you won't get elsewhere. In the end it's up to you to decide if it's worth it. CG are really working hard on this as I know they are passionate about their players, getting the best they can get.
, and I think you have some good ideas and views the subject. I absolutely don't see your post as a negative post against CG, very constructive and like you said concerns for the future. I agree that the cornerstone of this site is the community we have here, without it, there is no CG.Smask out B|
soto
New member
Hey, thanks @NudgeShuffle
@SuperSmask I get what you are saying. This streaming casino business is quite new, and a lot will probably change. But as the community grow and when the players now have a chance to communicate, I belive it will get to a point where the players will start demanding more. (judging from this thread, that time has not come yet though, hehe)
I will try to be short regarding your points.
Thats just what I think.
And yeah... can't seem to keep it short sorry :$
@SuperSmask I get what you are saying. This streaming casino business is quite new, and a lot will probably change. But as the community grow and when the players now have a chance to communicate, I belive it will get to a point where the players will start demanding more. (judging from this thread, that time has not come yet though, hehe)
I will try to be short regarding your points.
- Yes, this would be something that would need to be figured out, one thing beeing the legal issue. But in CG's case, they are now owned by leo that have connections in both malta and gibraltar, so in my mind there shouldn't be a problem getting something like this working. I'm no lawyer though
- What your talking about is revshare, that's one type of affiliation. In my opinion the worst kind though, now when casino streamers have a community behind them. (people who dont know can google: revshare cpa hybrid)
Then there are taxes (it depends how they have set it up though, e.g https://en.wikipedia.org/wiki/Taxation_in_Gibraltar) and other things, so how much that would go back to the community would have to be figured out. Again, 20% was just a random number from me.
Could you tell me more about the "casino fees", what kind of fees are you refering to?
As for how much big streamers earn, I just know they make alot. There is a reason why leo bought 51% for 30 million SEK, and potentially 15 million SEK more down the line. So I believe they would be just fine even if they share some wealth with the community players. And if they dont, I think someone else will in time.
- Yes I understand, and another thing would be that you also had to give up some of the affiliation money, which I dont think you would be so happy about.
But think about it, if there is a community where the players have a chance to get a piece of the cake (as long as they are playing through the affiliate links and are loyal to that community), like with the jackpots and stuff I was talking about.
Do you think you would be able to compete with that by yourself? In my mind casino streamers would either have to start doing the same thing themself, or join the community as a streamer to have a chanse of recruiting players by streaming. So I think you would have to choose from joining the community as a streamer or try recruiting some other way away from streaming in that scenario.
As a entertainment streamer maybe you would be alowed to use ur own links, but the players using your link would loose the ability to be part of some of the community prices. Or something like that maybe. But would people use ur link?
- Ok, if people are happy with some extra coins by level up so be it. But if you look from the community players point of view, wouldn't the smartest thing be to get together and just agree to use a "communal" affiliate link where they would have a a chance to get some cash back?
Thats just what I think.
And yeah... can't seem to keep it short sorry :$
SuperSmask
New member
Hey @soto got some time to give you my thoughts
. I wouldn't be losing anything compared to others. Like u say, I would prob. have a diff. time competing with it. But don't forget the fact that people have personal preference in streamers. Some are not in it for the giveaways/prizes. Don't get me wrong im all for giving as much back to viewers as poss.. A lot of my viewers (won't speak for others) have specifically told me they're not in my stream for giveaways. Still doing one though when I hit 1000 follows :4head: (don't care what they say, LOL)
The one thing I don't like is, I would get the feeling im "working". Ill reserve that for when I actually work. Like I said I earlier (i think, in an earlier post), this is a "hobby", an expensive one albeit.
I think you got some good ideas @soto, but I think there's more to streaming than giveaways. Some people will blindly follow streamers, because they connect with that streamer. Doesn't matter what the giveaways are. But Im all for better deals and I'm pretty sure CG strive to give the best deals they possible can.
Im not only talking about revshare, as a hydbrid deal is also dependent on revshare. Lets assume a signup on one site is like 30€ (just a nr.) in CPA. And well say 100 signups in a month (example). The 30€ is only paid IF min. deposit stated in the deal is met. This is also a ONE time payout, for each customer. Remember not all signups will deposit min. amount, in fact you'll be doing pretty good if 50% do. You wan't to keep this up every month, but it's damn diff. to do so.
Admin fees apply to all deposits. They range from anywhere between 10-30% of the deposited amount (from what I have experienced). From what I know it only applies to revshare.
We absolutely agree on that :4head:
I will keep it short
. I wouldn't be losing anything compared to others. Like u say, I would prob. have a diff. time competing with it. But don't forget the fact that people have personal preference in streamers. Some are not in it for the giveaways/prizes. Don't get me wrong im all for giving as much back to viewers as poss.. A lot of my viewers (won't speak for others) have specifically told me they're not in my stream for giveaways. Still doing one though when I hit 1000 follows :4head: (don't care what they say, LOL)The one thing I don't like is, I would get the feeling im "working". Ill reserve that for when I actually work. Like I said I earlier (i think, in an earlier post), this is a "hobby", an expensive one albeit.
I really like my current work and I know for sure that thats money I can count on every month. Another thing is it would go from hobby to work, if I was to stream full time. Im pretty sure I wouldn't enjoy it as much, as I do now.
I think you got some good ideas @soto, but I think there's more to streaming than giveaways. Some people will blindly follow streamers, because they connect with that streamer. Doesn't matter what the giveaways are. But Im all for better deals and I'm pretty sure CG strive to give the best deals they possible can.
Journalist
New member
Just wanted to ask if those 30m SEK where deposited to Billymilton AB (559066-7464) and if CasinoGrounds now are GamingGrounds United AB (559122-5460)
