Ladbrokes Partners removing negative commissions

[Guard Dog]

Ladbrokes Partners have updated their Terms & Conditions:

All negative commissions on sports and casino will be written off.
All changes will be effective from the 1st February 2020.

You can find the updated Terms & Conditions here.

 

[BetOnlineUK]

Applies to Coral as well. Although looking at their terms it does not state that it WILL be written off.

At the end of calendar month, we shall record your Revenue Share. In the event that a Revenue Share in any calendar month is a negative amount, we shall be entitled but not obliged to carry forward and set off such negative amount against all future Revenue Shares, which would otherwise be payable to you, until the negative balance is set off in full. However, we shall also be entitled but not obliged to zero out the negative balance that would otherwise be carried forward.

 

[rooshman]

Only paying 5% on sports and casino after 3 years wipes out any positive from this.

 

[bonustreak]

Thanks for the update

 

[Batman]

Personally I wouldn't care what they did I would avoid based on experience.

 

[NDG]

It doesn't matter what they add to their terms, if you can't trust them.

 

[justbookies]

The real point with the changes to the terms is that your players stop paying anything but pennies after three years. That applies to all GVC brands and is looking retrospective. It is robbery on a huge scale. Short of actually detagging all players (which Ladbrokes did to a degree recently anyway), I can't remember worse terms from any brand. GVC has made promoting any of their brands unworkable.

 

[betclever]

The real point with the changes to the terms is that your players stop paying anything but pennies after three years. That applies to all GVC brands and is looking retrospective. It is robbery on a huge scale. Short of actually detagging all players (which Ladbrokes did to a degree recently anyway), I can't remember worse terms from any brand. GVC has made promoting any of their brands unworkable.

Have you had any clarification if this is only for players referred after 1st February or all existing players?

Sent from my SM-G960F using Tapatalk

 

[justbookies]

Have you had any clarification if this is only for players referred after 1st February or all existing players?

No I haven't but I can't see them paying fully on players for the next 10 years that were referred prior to Feb 1. Hopefully I am wrong. This is the company that detagged players from Ladbrokes. GVC have re-written the rules on corrupt behaviour.

 

[admin]

A reminder is sent to all affiliate managers.

 

[Frank]

it's been a while since i have seen sites even promoting these