MioMedia Audit Report

[Guard Dog]

Hello AGD community,

Today we present to you the real revenue share audit report for MioMedia.

They have Neon54 Casino as their brand.

Affiliate Reporting Platform: NetRefer

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affiliates-portal.miomedia.com

Test signup and deposit is made from Country ‘Serbia’

We deposited €20 / 0.000351 via BTC and took a welcome bonus of 100% up to 500.

Our funds with the welcome offer were €40 and we started playing some slots:

Eventually, we lost all the funds and checked the earnings report:

For the deposit of €20 via BTC the Net Gaming Revenue was €8

To summarize, the Effective Net Gaming Revenue (the amount of money deposited and lost) is 8/20= 40%.

Finally, multiply the advertised revenue share rate with the Effective NGR to see your real revenue share rate, e.g:

• 25% = 10.00 %
• 30% = 12.00 %
• 35% = 14.00 %
• 40% = 16.00 %
• 45% = 18.00 %

Results of the new audit report done without claiming the first deposit bonus can be seen here.

 

[steve99]

Another one to avoid like the plague!

 

[AussieDave]

These are getting worse and worse. Talk about blatantly stealing from affiliates. Kick these fools into the Doghouse, it's where all scammers, crooks and thieving affiliate programs belong.

 

[ddm]

saw these guys at sigma.
/me puts jimmy tyrell's biz card in the bin.

 

[Moonlight Cat]

Too many factors: platform fee, providers fee, aff.programs fee e.t.c.
New igaming reality.

 

[preditor]

Too many factors: platform fee, providers fee, aff.programs fee e.t.c.
New igaming reality.

I love milk, and buy it from different stores, not minding a few cents in difference in the price, but if we compared this to affiliate platform and casinos, where the end product for the players, are the same it goes like this:
A bottle of milk, same producer, label, just different:
Store A: $1
Store B: $1.5
Store C: $2.2

The stores decide the price to the milk in their stores. Obviously, this can not be compared to the actually casinos, but indeed for us affiliates like this:
Same white label provider, same end product for the players:
Casino A: 25% fee (using all in house tools + affiliate platform) - Charges an 12.5% admin fee from the affiliates (50/50 cost).
Casino B: 25% fee (using all in house tools + affiliate platform) - Charges an 25% admin fee from the affiliates (affiliates pays everything).
Casino C: 45% fee (Uses Netrefer instead of the included affiliate platform) - Charges an 45% fee from the affiliates (affiliates pays everything).

Casino C uses something that costs a bit extra to use, and charges it 100% from the affiliates, instead of either use the included affilika -system. Also, when Casino C decides to use gold instead of silver, it's all on the expenses for the affiliates.

Let us say that it takes a new i-gaming business, 12- 36 months, before starting to make some decent numbers. If the business, spends more money on something, like another, more expensive affiliate platform, they should expand the expected time to make numbers, instead of charging the whole amount from the affiliates to 18-42 months instead.

What the casinos / white labels are doing now, is deducing ridicules amounts from their affiliates, instead of using their "own" budget on stuff! It's like casino C is using the wallet of future income that the affiliates will do.