Who is the money manager? is it a casino or game provider? - page 2.

Sandra_hakeem

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

It's fully managed by the game providers and commissions are paid once every return is made.. Since it's automated, they don't even have to wait for commissions to be paid at a certain period of time.. it calculates, audit and separately pays out commissions to the casinos without any hesitation.. it all depends on the game provider...

do you really think winnings are paid by the casino itself? no! Everything is being manipulated and sent down by the game providers.... An exception would be for casinos that are independent...

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panganib999

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Quote from: komisariatku on January 10, 2024, 08:38:33 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.

topbitcoin

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With various contracts and agreements between casino owners and game providers, in my opinion the one who manages the gambler's finances and winnings is the casino owner. Because the casino can order from the game provider, how many winnings will be given to its customers and how much profit the casino will take. Including small wins, medium wins to big wins that will be achieved by the end. But regarding who will get the win, that is beyond the casino's ability. because the game provider will decide it. So to be able to get a big win in this type of gambling game, luck is the factor that will determine it. And hopefully, we will be one of the people lucky enough to get this win, remembering that I also often play slot gambling. Grin

This is just an opinion from my personal reasoning and from some of the information I got, which may or may not be true. Because those who really know about this are of course the casinos and game providers who really know the truth.

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Quote from: ajiz138 on January 11, 2024, 11:27:36 AM

Other people say the casino manages the finances, maybe it makes sense because this operation is entirely the casino running while they only pay the license to the provider about the percentage deal they will get, so I think the casino has the right to manage its customers' money.

Because it will be too complicated if the provider manages the finances, what about when the casino will organize a contest with a large enough prize does it have to be approved by the provider? I don't think that's possible.

It's always the casino. Game providers offer their games to dozens of casinos that serve tenths of thousands of players. They would need a lot of money in the bank and a very large support center just to handle customer service. Also, if they were to pay winners, they'd also have to do all the KYC and licensing. There would be no need for the casino to apply for licenses if they only did advertising and server management and everything else was done by the company who made the games.

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Quote from: komisariatku on January 10, 2024, 08:38:33 PM

So who actually manages finances? is it the casino itself or the game provider?

Even without knowing too much about casino management, it's obvious that casinos are the ones who manage the finances. For instance, if you own a business and I own a business too, but your business provides my own business with its own resources that keep it going, fortunately or unfortunately, people get harmed or succeed from my business that leans on your own business for survival. It's never going to be your business that receives praise or threats, but yours can be one of the beneficiaries of the success of my business. So it is with casinos and game providers: casinos get everything to themselves, and game providers only get benefits or shares from casinos based on agreements.

Quote from: komisariatku on January 10, 2024, 08:38:33 PM

Does the casino only get a commission from the game provider or buy the game license from the game provider?

This is either going to be the reverse is the case. but I can't really tell because I'm not in the system.

dothebeats

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These casinos will have a contract with their game providers and that's the only thing that the casinos will be honoring with the agreement. I don't know the structure of these contracts exactly, but it is possible that the casinos are sharing a portion of their profits to the game providers by only a small percentage. All in all, the bulk of the money goes directly to the casino because not only are they getting the profits from the games, but also from other transactions like withdrawals as well.

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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.

Aanuoluwatofunmi

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Quote from: komisariatku on January 10, 2024, 08:38:33 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 think it's the casinos from my own point of view, they are the ones responsible for every other activities we see concerning the gambling platform, other things that transpired between them and their game providers are not open to us publicly, which I expected them to on their own make the commitment to engage every other services they requested to make provisions for them and negotiated their pay while everything that comes in to the casino belongs the the owners after which they might have settled other sources under them.

ajiz138

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Other people say the casino manages the finances, maybe it makes sense because this operation is entirely the casino running while they only pay the license to the provider about the percentage deal they will get, so I think the casino has the right to manage its customers' money.

Because it will be too complicated if the provider manages the finances, what about when the casino will organize a contest with a large enough prize does it have to be approved by the provider? I don't think that's possible.

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

It depends on their agreements (the operator, the 3rd party gambling provider and the games provider), small platforms might only get the commissions from wagers, etc.
But bigger platforms can also act as the house, when their user wins = the operator and the 3rd party gambling provider share the loss and visa versa.

Most of the casinos are using 3rd party gambling provider, not directly to the games provider because of many reasons.

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

The only Casino itself is the finance manager. Providers just give their service through API and earn a percentage of Monthly / Yearly revenue from their games. However, the percentage depends on the provider itself.

And yes Casino has full control of the official/house games on the other hand casino does not have any control over the third-party games as I know.

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

Those who manage the casino as the holder of full authority over finances and third parties or game providers will get paid according to the agreed percentage. Regarding the provision of buying games or just getting a license, it just depends on the agreement and most of the time what happens is that the game provider gets the commission and the casino pays it. Logically in relation to financial matters, it is the owner of the company who holds full power because the goods provider cannot possibly hold power regarding finances.

Or it could depend on how the agreement is built between the casino owner and the game provider. To be honest, I don't really know and my assumptions are as explained above, because it is impossible for casino owners to want to be paid by game providers.

CryptSafe

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Without the casino the game provider would have no clients to patronise them. The casino is not stupid to allow access the game provider to take full control of funds on their platform or allow payment to go directly to the game providers just like that. I believe their is always a mutual agreement between both parties as to protect their interest before they gave a deal which will guide them through and put every one in a check to know their limits.
The game provider can be a third party on the casino website allowing access to gamblers to play their games based on the agreement binding both parties but the payment would be done directly to the casino and tje casino would remit or pay the game provider their quota based on their payment agreement. I think this is how it works for them.

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

The casino obviously manages the finance and thats why your payments are usually made to the casino and not any third party, although they may using different payment gateway to receive and accept payment but then it still doesn't mean they have the don't control the finance.

They bear the losses and also make the payment when gamblers loose, they mostly get license from the game providers because most of the game providers have no intention of been involved in gambling, they mostly want to create fun and entertainment for others and basically that's what most o the games created was for but the casino get the license and make it one of their games and the games provider are been paid for the license and the casino reserves the right to the game.

Jawhead999

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It's the casino who manage the financial, do you think the casino want to reveal their bankroll to all the gambling providers easily? it would make them easily able to distinguish between exit scam casino or legit casino.

I think it's either the game provider earn commissions or they sell their games for one time to the casino.

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Quote from: Saisher on January 11, 2024, 08:21:23 AM

Both can make money from gambling, but the casino is the money manager and the game provider partakes in the profit of the casino based on what's on their contract, because the casino that houses the games of the providers, you can see a brand of one game provider on many casinos, and they don't care about the status of the casino as long as they get their shares of the profit unless the issues are about their software.

Casino site is a centralized platform. Therefore, all types of commissions including user deposit control, lost money are deposited in the fund of all casino sites, so the casino site authority can control all the money as it wants. there is no chance of fund management by the game provider. So it is true that the money manager is the owner of the gambling platform. The money you lose and win is completely managed by the authority of the site

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

Unless anything has changed, casino owners take license from the game providers to pay only commission to them. Both profits and loss are bore by the casino owners. This is the reason some casino go bankrupt if they can no longer pay the winnings.

Assuming the game providers pay are responsible for profits and loss, it will not be possible for casinos to close unless the entire industry crashes which I still do not see happening.

Some casinos can actually develop their own games for which they will not need license from anyone. This means they will not pay commission or whatsoever to anyone unless maybe taxes and other government levies.

panjul07

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Quote from: komisariatku on January 11, 2024, 05:35:56 AM

Yes, I know this isn't something that's publicized so I'm curious about the system between casinos and game providers. Because my next question is: Who will regulate the win rate in the game, is it the casino or the game provider? For example, in slot machines, does the casino or game provider determine the RTP of the slot machine and is this based on the house edge or not?

AFAIK the provider is the one who set the RTP, but as long as I know there is an option that given to the casino to adjust or to change the RTP.
I can be wrong about this but I have ever seen a same game with different RTP in different casinos, that's why I think there is an option to adjust the RTP.

Quote from: komisariatku on January 11, 2024, 05:35:56 AM

I once asked one of the customer support at a casino when I was having trouble winning on a slot machine and they told me to wait for the casino to verify the slot machine provider. So I think maybe the casino is just a bridge between the gambler and the game provider and the casino will get a commission from the game provider. And when someone wins, the person who pays is the game provider through the casino.

Verification is needed on special cases and the provider is the only one that can check the case, casino needs to ask the provider because they do not want to release the money if they think that there is something wrong with the games.
I still believe that casino is the one who manage the money, provider as it name is just providing the games and they get commission from the casino.
If the provider is the one who manage the money, there will be no casino being alleged for not paying wins.
In fact, in most cases, casino is the one who responsible for payout not the provider.

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Quote from: komisariatku on January 10, 2024, 08:38:33 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?

Do you mean the finance on the overall operation of a gambling site? It should be the casino owners. The game providers, from the word itself "providers" are just providing the service of offering their games. There should be a contract and agreement about huge wins as what if the game luckily gives some huge win to a certain player? But it's not that there's always a jackpot winner that's why casinos can still cover the win.

I just think now and noticed that with the growth of online casinos, there are also lots of game providers now. No need to establish an online casino but rather program a game, build an interface, make it cool and elegant, properly execute those random hashes and RTP, and offer these games to some gambling sites.

Saisher

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Both can make money from gambling, but the casino is the money manager and the game provider partakes in the profit of the casino based on what's on their contract, because the casino that houses the games of the providers, you can see a brand of one game provider on many casinos, and they don't care about the status of the casino as long as they get their shares of the profit unless the issues are about their software.

Topic: Who is the money manager? is it a casino or game provider? - page 2. (Read 482 times)