lots0
Affiliate Guard Dog Member
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Bonne Chance N.V., an E-zone Company registered and licensed in the Netherlands Antilles, sublicenses Rival Powered games to the White Label operator(s) discussed in this thread. For its payment processing Bonne Chance N.V. has contracts with third party payment processors, these services are part of the White Label agreement for its marketing partners (the White Label). From time to time, its White Label partners may enter into an arrears situation due to high withdrawals. The White Label typically has a certain number of days to correct any such arrears.
It is important to note that the most typical reason for this arrears is bad promotion setup and misguided player classification. The White Label is 100% responsible for the marketing of their own property. This includes promotional design and configuration. When a White Label fails to pay its arrears it creates an awkward relationship between Operator (Bonne Chance N.V.) and the White Label partner whereas Bonne Chance N.V. is effectively bankrolling the property. ie paying the White Label's affiliates and customers.
In both this particular instance and instances in the past, Bonne Chance N.V. has taken a tough stance on its accounts receivable. Let it be clear that there currently is not, nor has there ever a doubling (or any false increase in) of hold or a 40% reserve taken on any deposits. These statements are simply incorrect.
Thank you for responding.
If I read between the lines.. It appears that Rival is blaming the licensees for their own downfall.
If it were just one or even two casinos that went down that would be plausible. But the fact is that Rival while labels are falling faster than old people walking on ice in leather soled shoes.
I really think these white labels giving up has more to do with this statement than anything... "...Bonne Chance N.V. has taken a tough stance on its accounts receivable.". But that is just my opinion.
The real question as far as affiliates are concerned;
As Bonne Chance is continuing to operate these casinos. Is Bonne Chance going to honor the affiliate agreements that their licensees agreed to?