Roobet only loses money when he cashes out. Before then, no matter the game he plays, Roobet just gets the money back. Many people make the mistake that they think the slot or provider gets the money but in reality they are already paid for and it’s just the casino that has the cashflow of moneyI like xposed, he's entertaining and upfront about his deal. But wow what a deal he has... The guy can go through like 10-20 reloads a night easily. that's 50,000-100,000 the casino is giving to him for free.
Now he does play a lot of the roobet games to build a balance before he goes elsewhere so I'd say the casino gets a large chuck of that back technically, but still the amount of money he's given to piss away is insane and the fact that he secured that deal till 2024 is so strange.
There's a crap ton of money in the casino business, but I'm pretty sure not even Roshtein could pull a 50-100k a day deal (yea the 25% cashout limit helps, but that's still a lot of money this guy pisses away).
I'm just waiting for the day where roobet says, ok we milked your userbase as much as possible and you're losing too much money for us we have to let you go. I think they are starting to warn him about it too because he's starting to use his own balance a lot these days.
what???Roobet only loses money when he cashes out. Before then, no matter the game he plays, Roobet just gets the money back. Many people make the mistake that they think the slot or provider gets the money but in reality they are already paid for and it’s just the casino that has the cashflow of money
What doesn’t make sense? Casino gives him money to play with. He plays with it and anything he “loses” just goes straight back to the casino. Casino only “loses” money once he cashes out and puts the money into his own pocket. Not that hard to understand hahawhat???
doesnt make any sense.
Not quite true. Most games are on a rev share model, so the casino gets 80% ish, the platform gets 12% ish and the game provider gets 8% ish of the monthly profits.What doesn’t make sense? Casino gives him money to play with. He plays with it and anything he “loses” just goes straight back to the casino. Casino only “loses” money once he cashes out and puts the money into his own pocket. Not that hard to understand haha
Think your numbers might be backwards. I dont think casinos get 80% id say they probably get like 5-15% the game provider getting the majority of the profit. hence why the providers pay all the jackpots and big wins.Not quite true. Most games are on a rev share model, so the casino gets 80% ish, the platform gets 12% ish and the game provider gets 8% ish of the monthly profits.
That said, I expect they would just exclude the play of sponsored players when doing their profit calculations, so in this instance I would guess that you're right and the casino is only 'losing' their 25% of cash outs.
No they don't.Think your numbers might be backwards. I dont think casinos get 80% id say they probably get like 5-15% the game provider getting the majority of the profit. hence why the providers pay all the jackpots and big wins.
My numbers are accurate. I've supplied services under a number of these contracts as the platform providerThink your numbers might be backwards. I dont think casinos get 80% id say they probably get like 5-15% the game provider getting the majority of the profit. hence why the providers pay all the jackpots and big wins.
Interesting, but in order to exclude all spins played with sponsored cash, is the platform and slot provider involded in those deal? How can the casino decide on behalf of the providers "this spin you dont get paid for..." ?That said, I expect they would just exclude the play of sponsored players when doing their profit calculations, so in this instance I would guess that you're right and the casino is only 'losing' their 25% of cash outs.
There is no single answer to that, as it really comes down to specific commercial arrangements, but on the platform I worked on, it was my company who ran the reports and prepared all the profit reports. We would then invoice the Casino for our share and inform the game providers what to invoice. While this was before the age of streamers etc, we could have easily been asked to prepare the report but exclude all play from users X, Y and Z.Interesting, but in order to exclude all spins played with sponsored cash, is the platform and slot provider involded in those deal? How can the casino decide on behalf of the providers "this spin you dont get paid for..." ?
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