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Casino Coins is Biting the Dust Too!
  #1  
Unread 05-16-2011, 11:13 PM
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Default Casino Coins is Biting the Dust Too!

Just got this. Clearly they are in financial trouble! Geez! Who's next??
Looks to me like they are going to bleed out whatever players they have on the books and call it a day!

Quote:
Casino Coins will no longer be accepting new customers effective May 16th, 2011. This policy will be implemented for all Casino Coins brands including Caribbean Gold, English Harbour, Millionaire Casino, Silver Dollar, Slots Galore, Super Slots and VIP Slots.

Affiliates that are on a revenue share model will be paid on a quarterly basis for all players referred to Casino Coins beginning on June 1st, 2011. The revenue share earned for the month of May will be paid by June 15th, 2011 with the first quarter paid by September 15th, 2011.

If you have any concerns or questions regarding these policy changes please contact your Casino Coins representative.

Regards,

Casino Coins
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  #2  
Unread 05-17-2011, 05:21 AM
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Never did much with them so not a great loss for me. When VIP moved to the quarterly payments and pretty much shut down the marketing I pulled all links. That was a few years ago and still get payments from them every now and then. Of course I have to chase and takes a few emails.

So I hope those that do have a decent number of players continue to see some money and it's not just a way to soften the bad news when they intend to really shut everything down. I can't really see the sense in closing marketing and keeping all the support around to cover the existing players. Am I missing something?
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  #3  
Unread 05-19-2011, 01:47 AM
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Maybe they figure this way they might weather the storm a bit...they will likely reduce custy service costs as much as they can for a while and see if they can be even somewhat profitable temporarily.

Hopefully customer service will not suffer too much by cutbacks.

If the legal climate would change, or banking methods eased up then they could ramp things back up again (if they survive)

Rick
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  #4  
Unread 05-19-2011, 03:37 AM
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This might very well be related to the problems which are now being experienced by US based customers of Quicktender / UseMyWallet

http://www.casinos-online.co.uk/news...nd-affiliates/

When will this ever end?

Seriously, I said it on the panel in London, but affiliates can no longer rely on the US market.
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  #5  
Unread 05-19-2011, 12:30 PM
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I have about 500 that was in process of wire, and I just found out that a payment was made to our QT account on the 4th, and it's not even showing up in the QT account. I don't see why that would be affected since that would not have anything to do with the U.S..
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  #6  
Unread 05-19-2011, 08:21 PM
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Yea that is strange as it should have hit the QT account.

Rick
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  #7  
Unread 05-20-2011, 06:30 AM
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Absolutely no basis for the following comment, however, my concern is that some programs might start using 'processing problems' and the 'US problems' to begin making changes and we never know the truth behind the decisions. Just seems like an easy way to grab a bit more for themselves.

I am so tired of the lack of transparency in this industry. Time and time again we have shown we are willing to work with programs through issues and yet the majority can't even give us some respect and outline what is happening and instead we have to speculate.

Do they realise the default option for many of us is to just remove the links rather than wait? If only they would keep the marketing people away from the update emails when they are finally sent.
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  #8  
Unread 05-26-2011, 11:04 PM
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I'm puzzled at this sudden decision they made. Why couldn't they just stop accepting US players? They must be having some serious financial issues to shut down completely.

Regardless, for such an important thing for affiliates, it would have been ideal to receive the email a week or at least a couple of days before they decide to discontinue - not a day before! pffff
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  #9  
Unread 07-08-2011, 01:00 AM
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I always heard good recommendations about casinocoins but now all links have been replaced.

At least I can say I am happy with affiliate edge
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  #10  
Unread 07-30-2011, 07:27 AM
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Casino Coins were without a doubt the best casino affiliate program. No other affiliate program came close to them in terms of conversions, trust, and fantastic service. They are closing in the next day or two, very sad news. Hopefully they come back one day when online gambling finally becomes legalized and regulated.
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