Who is the money manager? is it a casino or game provider?

Accardo

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Quote from: Johnyz on January 12, 2024, 12:42:36 PM

Quote from: komisariatku on January 10, 2024, 09:38:33 PM

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

Technically the casino itself as they are the main investors and they just hire the third party services for a commission basis or depends on their contract. The purpose of the game provider is to give access for the games and not to fund the whole casino itself, they are doing business in return of their game service. Not sure though if all the casinos have the same agreement, but as far as i know the casinos are the main manager.

I don't think casinos have different agreement with the gaming provider, what you said is happening behind the scenes. Although we may not say accurately how it happens or the way casino configure the gaming software in their favor. Because looking at the house edge the casino has control over the results we get from the games. While the gaming provider gives access to the game, does it mean the casino also has the right to change some commands on the software. That, I may not explain, but it's safe to say, yes. As the provider only offers a service and casino need to maximize profits. Other thing that confuses me is the provably fair feature, the casino guarantees players that nobody interferes with the outcome of the game. Hence, it's another view of idea, which means the casino could contact the gaming provider to configure the games in their favor, while the casino wouldn't bother changing a thing in the software to keep to their provably fair promise.

maydna

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Quote from: Hirose UK on January 12, 2024, 10:59:32 PM

Quote from: maydna on January 12, 2024, 12:36:07 PM

~snip~

Hahaha, that true and indeed, when you want to know many things related to how management works, what you have to do directly is to ask the casino team and they can clearly provide accurate answers.
But maybe the casino team won't be able to tell you how the management works for each game or bet they have because it not too important to ask.
So far, all casinos must have team in the support department who is available 1x24 hours day to answer, resolve and also help with what all customers are experiencing or requesting.

But we have to realize that there is a possibility that the support service team does not want to provide more detailed information or explanations, so we can only guess. Unless we can find a support service team that really understands the things we ask so that they can give us satisfactory answers. And the most likely answer we will get is that they will answer that it is our company secret, which I also don't know in detail. Perhaps you can send an email to other support teams on the contact page. We might be able to contact the slot provider and ask about it, and we can say that we are building a casino and want to work with the slot provider. They will definitely provide a detailed explanation about it so that we can understand it.

|MINER|

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It is kind a typical thing for every different casino. Generally game provider only provides and handle the games script they maintain just the win and lost of most of the casinos. And the money fullly manage by the casinos. It may different from some of casinnos. But most of the case you will able to seen that the scenario on the casinos.

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Quote from: maydna on January 12, 2024, 12:36:07 PM

~snip~
If you want to know the real answer, you should contact every casino you know so you will get it. But I don't think they will answer because it is their secret (perhaps).

Hahaha, that true and indeed, when you want to know many things related to how management works, what you have to do directly is to ask the casino team and they can clearly provide accurate answers.
But maybe the casino team won't be able to tell you how the management works for each game or bet they have because it not too important to ask.
So far, all casinos must have team in the support department who is available 1x24 hours day to answer, resolve and also help with what all customers are experiencing or requesting.

GiftedMAN

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Quote from: komisariatku on January 10, 2024, 09:38:33 PM

Most of the games in online casinos come from third parties or game providers such as Pragmatic Play, Bgaming, Pgsoft, Play'N Go, etc. When playing at any casino, we will use their services. Perhaps only the house edge games are fully owned and powered by the casino

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

Since I don't have idea about how things works between game providers and casinos that install the games on their website for users to bet on and either make profits or loses. Game provide are wonky available when players play the games on casino and without that, there games would be useless to the casino because they would not be making profit from themselves. The casinos are the bigger players here and they would be the ones to give percentage to game providers depending on how much profits is made and how frequently players play the games. This would be on majorly percentage basis for the game providers.

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Quote from: Oshosondy on January 11, 2024, 03:07:54 AM

Quote from: komisariatku on January 10, 2024, 09:38:33 PM

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

There would be an agreement between the casino and the game providers. The agreement will be that they will pay the game providers certain amount of money for providing them games that their customers will gamble with, but the casino itself will manage the finances and not the game provider. The game provider will manage only the money the casino paid them and that has nothing to do with the casino customers money that the casinos are the ones that will manage it.

On a few local casinos that I play, there is that " transfer to main wallet " button which collects the money from the provider wallet to the casinos main wallet. And then one time my balance disappeared and I contact the support, they say the issue is on the gaming provider.

I think this means the provider can also manage the money? On a few forum posts other than this thread here, there's also an evidence that supports my theory. I know many will still not believe it but they believe more on what is commonly known, which is the provider is only being paid for the games that they offer to the casino. There is no problem with that anyway Cheesy

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348Judah

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Quote from: Fundamentals Of on January 11, 2024, 09:28:54 PM

Money is managed of course by the casino. The casino's finances are a part of its internal operation. Game providers are not part of it. They're just providing certain games. And they will of course receive regular payments for it. But game providers don't run the casinos.

The casino has the prerogative to add additional game providers, to replace some, or even to stop dealing with certain providers if they are not pleased with them.

Exactly, the casinos should be the ones fully responsible for every financial monetary management, they choose which and what to use, they make decisions on the kind of games service providers to use, pay them and manage the cost of running the casino to how much they are likely to make, knowing that the part of having a casino establishment is to make profit a d many have made this as their own source of making money, you can't have a casino and expect the employees working under you manage your financial resource, you will run on loss, there's no doubt as you've said, the casinos are in charge fully.

Johnyz

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Quote from: komisariatku on January 10, 2024, 09:38:33 PM

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

Technically the casino itself as they are the main investors and they just hire the third party services for a commission basis or depends on their contract. The purpose of the game provider is to give access for the games and not to fund the whole casino itself, they are doing business in return of their game service. Not sure though if all the casinos have the same agreement, but as far as i know the casinos are the main manager.

maydna

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The casinos manage the money because that's the business they created, and they make a lot of money from losing gamblers. There may be some royalty paid to slot or other game providers every month or year. We don't know how it is calculated because we don't own the casino. But perhaps the casino buys a license from the slot provider so that the casino always gets updates in the form of the latest games from the slot provider. If you want to know the real answer, you should contact every casino you know so you will get it. But I don't think they will answer because it is their secret (perhaps).

SeaCoinCollector.

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The financial aspects of the online casino industry involve a collaboration between the casino and the game providers. Game providers, such as Pragmatic Play, Pgsoft, Play'N Go, etc., develop and supply the games to the casinos. There are different ways to pay for games, but the casino usually buys a license from the provider or makes a deal to share the profits.

The casino may pay the game provider a fee or commission for letting them use their games on the app. With this deal, the casino can give a wide range of games without making them themselves. It is up to the casino to keep track of the money, including player bets, wins, and losses. Their job is to handle the money and pay out players based on how the games developed by third parties turned out.

famososMuertos

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I think similar to basic question that must be in the FAQ, which everyone knows, but you still put it there.

Well, it is like outsourcing, everyone seeks to reduce obligations and dedicate themselves to their own thing.

Casinos pay, collect, market, and take "care" of players.

Although you see casinos with original games, the reality is that the trend is in games like Dice, Plinko or very classic games, but you can still manage a casino just by paying commissions, it happens a lot in poker, sometimes it is joining a network and that's it, they are called Skin.

Fundamentals Of

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Money is managed of course by the casino. The casino's finances are a part of its internal operation. Game providers are not part of it. They're just providing certain games. And they will of course receive regular payments for it. But game providers don't run the casinos.

The casino has the prerogative to add additional game providers, to replace some, or even to stop dealing with certain providers if they are not pleased with them.

alegotardo

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Quote from: komisariatku on January 10, 2024, 09:38:33 PM

Most of the games in online casinos come from third parties or game providers such as Pragmatic Play, Bgaming, Pgsoft, Play'N Go, etc. When playing at any casino, we will use their services. Perhaps only the house edge games are fully owned and powered by the casino

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

I'm not sure, but I believe that the casino is the one who manages all the inflow and outflow of money, after all, user deposits are made in the casino's wallets, right?

What game providers should do is periodically "issue a charge" to the casinos demanding their share of the profits... obviously, with each player's "play", the game provider immediately knows what the amount was bet and what the amount was eventually paid to the player, then they just need to calculate their part of the commission and ask the casino to make the payment.

For newer casinos, this may be different, I believe that owners of casinos without reputation even need to make payments in advance or provide some reliable collateral.

Darker45

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Quote from: bittraffic on January 11, 2024, 12:19:13 AM

Quote from: Darker45 on January 10, 2024, 10:02:37 PM

~snip~

Its still the casino who manages their assets and the providers only get percentage as their share which I think its still the casino who owns their profit.

No wonder game providers still are involve in resoling issues especially when theres cheat exploited by players otherwise there is no point giving commisions to them.

Issues vary. If the issues are related to the casinos, then they're for the casinos to handle. But if the issues are related to the games, then they're for the providers to handle.

Cheating is broad. Specific cheating issues could either fall under casino management or game providers. Cheating which involves multi-accounts, for example, is for the management to settle. Cheating which involves the game itself is for the game providers to settle.

The point in revenue sharing is that the casino uses and earns from the games developed by the providers. Of course, the providers are also the ones who monitor and maintain them.

Findingnemo

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Quote from: komisariatku on January 10, 2024, 09:38:33 PM

third parties or game providers such as Pragmatic Play, Bgaming, Pgsoft, Play'N Go, etc.

This part is the answer to your question.

Game providers supposedly manage the games, results, odds, and whatever related to the games that require their assistance but finance is not their part, and it's solely managed by the casino. Well, everything is automated and supervised by the casino staff and only a few have access to the crypto wallets in crypto gambling sites like most trusted staff whose job is only to handle the payouts/withdrawals.

ryzaadit

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IMO, the money is still fully powered by casinos. They only connected with some systems that just reduced and added user balance on their end by provider system, should be easy right:
- Scanned Balance.
- Reduce and Add balance depends on the result games.

Onyeeze

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Quote from: komisariatku on January 10, 2024, 09:38:33 PM

Most of the games in online casinos come from third parties or game providers such as Pragmatic Play, Bgaming, Pgsoft, Play'N Go, etc. When playing at any casino, we will use their services. Perhaps only the house edge games are fully owned and powered by the casino

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

Any casino games have their own source of game and I believe that the money will go directly to casino because all those their provider will be settled by the casino platform, what you just air out I don't that any person have asked such questions and I believe that casino game is being own by someone and they do channels all their funds to a particular area, so some make their own emphasise that it's being managed by the provider and commission comes once, so all this our discussion I think that it's something that suppose to have evidence so that we will know the truth, I only made own suggestions through assumptions because I have no concrete facts about them

Accardo

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Quote from: panganib999 on January 11, 2024, 05:24:44 PM

Quote from: komisariatku on January 10, 2024, 09:38:33 PM

Most of the games in online casinos come from third parties or game providers such as Pragmatic Play, Bgaming, Pgsoft, Play'N Go, etc. When playing at any casino, we will use their services. Perhaps only the house edge games are fully owned and powered by the casino

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

For the most part the casino/the house is the one that handles all the money that comes in from their games regardless if the technology/the entire game is outsourced or an in-house project. If it were outsourced, they will most likely sign a contract discussing how much they would pay the provider or how much they will buy the title from the provider if it was available for sale, and from there a deal could be made where the provider gets their continuous upstream of money, and the casino benefits from getting money that is generated by the patrons who play these games they outsourced.

This is the case for the most part, and I have rarely heard of game providers providing the casino part of the equation themselves, AFAIK there is no casino sourced by Pragmatic Play or whatever game provider there is on the market right now. It's just way easier for them to provide the game to these casinos and let the house handle the business and marketing side of the aspect while they work on the backend.

The game provider focuses on the backend, like a service provider to the casino. Casino controls everything about running the business, which also include game providers, license, employees, website designers etc. These professionals help provide the enticing online environment we enjoy. Added with the fact that they almost work together to provide quality. Gaming providers are different entities just like the programmers, and license company. Would one say that they also hold the finance of a casino. It's mainly about deals and contracts. Opening an online casino cost lot of money. And none of the professionals would pay or provider money to finance the casino. Instead the casino is obligated to finance the game providers. Which means they don't have a close relationship with the finance of a casino. The boss gets all the money and distributes according to the signed contract.

Ultegra134

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Quote from: BABY SHOES on January 11, 2024, 01:06:51 PM

Usually, the casino itself manages the finances after which they pay the game provider for the existing agreement including the license they get.

So most casinos are responsible for everything including withdrawals and deposits but I don't know how casinos deal with third parties as game providers maybe there are some but we never know.

This is just my own assumption, because behind all that we never know who manages the money, all we know is the casino.

Well, it's what makes sense. Just because the games are sourced and developed by a third party doesn't mean that they're also managing finances; that doesn't make much sense, does it? Game providers receive a commission from each game. I'm unsure how much that is; it's probably a tiny percentage, but it quickly adds up from all the games and all the different casinos. It's no different than any other service that works on commission.

I'm unsure if house-edge and commission from the games to the providers are different, but according to Investopedia, house-edge represents the average gross profit the casino is expecting to make from each game.

Fatunad

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Quote from: panganib999 on January 11, 2024, 05:24:44 PM

Quote from: komisariatku on January 10, 2024, 09:38:33 PM

Most of the games in online casinos come from third parties or game providers such as Pragmatic Play, Bgaming, Pgsoft, Play'N Go, etc. When playing at any casino, we will use their services. Perhaps only the house edge games are fully owned and powered by the casino

So who actually manages finances? is it the casino itself or the game provider? Does the casino only get a commission from the game provider or buy the game license from the game provider?

For the most part the casino/the house is the one that handles all the money that comes in from their games regardless if the technology/the entire game is outsourced or an in-house project. If it were outsourced, they will most likely sign a contract discussing how much they would pay the provider or how much they will buy the title from the provider if it was available for sale, and from there a deal could be made where the provider gets their continuous upstream of money, and the casino benefits from getting money that is generated by the patrons who play these games they outsourced.

This is the case for the most part, and I have rarely heard of game providers providing the casino part of the equation themselves, AFAIK there is no casino sourced by Pragmatic Play or whatever game provider there is on the market right now. It's just way easier for them to provide the game to these casinos and let the house handle the business and marketing side of the aspect while they work on the backend.

They are the ones who would really be paid out as for 3rd party then they might be getting some commission i guess.I have read up some comments that when it comes to progressive jackpots then
those providers would really be the ones who would be paying up but if not then the casino itself would really be the ones to pay. Dont know on whats the real setup on this one
considering in between house and its provider then share up would really be just that common or any fee or agreement on which it is really just that typical for this business.

What matter the most on here or the important thing on here is that those winners should be get paid.Doesnt matter on which one of them as long they would be able to release
those funds without any strings attached and this is something what matter the most. It isnt really that something that much of a concern as long they would release those winnings.

Topic: Who is the money manager? is it a casino or game provider? (Read 413 times)