Who is the money manager? is it a casino or game provider?

[komisariatku]

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?

[Darker45]

Most, if not all, gambling games whether fully-owned by the casinos or offered via third-party providers have house-edge.

I'm not sure if all casinos share the same contract with their game providers as there are casinos that may want their games personalized, but I guess the standard operation is that casinos manage the finances. Casinos, after all, are the ones handling the pay-outs or paying the players.

Game providers will get a certain percentage from the revenue. Of course, winnings paid out by casinos will have to be deducted first. Otherwise, they might not register a profit. Percentage shares of revenue might vary from one provider to another.

[bittraffic]

Most, if not all, gambling games whether fully-owned by the casinos or offered via third-party providers have house-edge.

I'm not sure if all casinos share the same contract with their game providers as there are casinos that may want their games personalized, but I guess the standard operation is that casinos manage the finances. Casinos, after all, are the ones handling the pay-outs or paying the players.

Game providers will get a certain percentage from the revenue. Of course, winnings paid out by casinos will have to be deducted first. Otherwise, they might not register a profit. Percentage shares of revenue might vary from one provider to another.

Its still the casino who manages their assets and the providers only get percentage as their share which I think its still the casino who owns their profit.

No wonder game providers still are involve in resoling issues especially when theres cheat exploited by players otherwise there is no point giving commisions to them.

[retreat]

As far as I know, the manager here is the casino as the main party connecting the players and the game. Game providers will only be responsible for the games they provide and will get their share in accordance with the contract agreed between the casino and the game provider. However, in some casinos they may have different contracts with game providers, but almost all casinos have a mechanism like this I think.

[0t3p0t]

As far as I know, the manager here is the casino as the main party connecting the players and the game. Game providers will only be responsible for the games they provide and will get their share in accordance with the contract agreed between the casino and the game provider. However, in some casinos they may have different contracts with game providers, but almost all casinos have a mechanism like this I think.

This really depends on the casino and game providers terms and agreements. Contracts may vary in some other gambling platforms but all in all they are the one who bags the profit they got from gamblers. For me personally I think the gambling platform is the one who will possibly manage the finances.

[danherbias07]

Online casinos have always been the managers which is why those companies that you mentioned are just called slots providers. They provide the game with maybe a contract behind it, but all the money will go to the gambling sites first before they pay the providers. This is one of the reasons why there are debates about the gambling sites are tweaking the house edge. It's like they own it through licenses so they can do anything about it.
I have never played slots for a long time now, maybe 2-3 months already due to the fact that I had been on a losing streak with those games. It's like it is impossible to win even if I play the Enhanced RTP slot games. More like a trauma. Betting for those games is not cheap so I really felt the amount that I lost and I cannot even do anything about it or to get it back.
When you feel like something or someone is manipulating the system, it's difficult to go back to playing it again. Which is why I am now staying with original games and sports betting.

[SeriouslyGiveaway]

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?

As far as I know, the companies providing games for casinos also play a crucial role in financial management. They supply the games, build and maintain risk management systems, and regularly provide reports on the performance of the games for the casinos. In addition to that, the casino management is responsible for the overall administration of the casino, including all financial aspects. Furthermore, the financial department within the casino is tasked with managing revenues and expenses, processing financial transactions, and reporting on the overall financial situation of the casino.
However, when it comes down to it, I believe that the final decision regarding the casino's finances still rests with the casino owners. They have the ultimate say in financial decisions, despite the roles played by game providers and casino management.

[Oshosondy]

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?

There would be an agreement between the casino and the game providers. The agreement will be that they will pay the game providers certain amount of money for providing them games that their customers will gamble with, but the casino itself will manage the finances and not the game provider. The game provider will manage only the money the casino paid them and that has nothing to do with the casino customers money that the casinos are the ones that will manage it.

[asyakashi]

maybe the financial manager is the one who owns the gambling site, because the third party only provides games, this is just my personal opinion

[agustina2]

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 gambling site is the one that finances everything. The game providers are providing the service and that was being paid. Business cycle. If you want to run a site, try to refer to some popular game providers' main websites and you might see some links there about how the deal works.

Commission? No there is none I think. The gambling sites purchased the game rights within a given contract. The providers are just simply selling their games. Being paid by the gambling sites, these providers will give all the running codes and algorithms to the site, plus the game maintenance as well.

[len01]

overall, of course the finances will be managed by the casino and the provider only gets part of the initial agreement in accordance with the contract that was promised, for example the casino gets a few percent after that the rest is given to the provider.
It is very rare for there to be a casino whose finances are managed by the provider because the provider has so much work to do to take care of all the problems and develop the newest games or solve problems with bugs that occur so it will not be possible for the provider to manage the finances because in terms of work it might be confiscated a lot of time.

but it is possible that there is a casino built by the provider itself but I dont have any proof that there are casinos managed by the provider but there are definitely at least some.

[Agbe]

In my own understanding all games are manage by the casino and the casino company pays commission to the game providers and if they fail to pay for a long period of time then the games would be withdrawn from the casino site. It is the gambling website take care of all the financial services and it is not done in any business that those who give out their products to a company also finance the activities. But instead the receiver of the product finance everything and pay the own of the product as well. Op if the game providers pay for the services, then who will maintain the site? The owner or the game providers. Op there was no need to ask such question because it is a simple thing to understand.

[Queentoshi]

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 obtains license for these games which they pay commissions for occasionally or one time depending on agreement, the casino is in charge of their finance, and they make money from these games. Game providers will be interested in just making and maintaining their games and making it available to as many casinos that need the games as one of the games they provide to players. I am just speaking from common sense because that is what makes sense to do.

[mvdheuvel1983]

From my business knowledge, there are different models that can be used by online casinos to managing their finances. The casino can outrightly pay a one-time fee to own the game and get the profit that comes from the game without sharing them with the game providers. Or there can be a profit sharing model from the games that can be split in a 60 -40 percentage between the online casinos and the game providers. Another way that finances can be managed between the casino and the game providers could the affiliate marketing model, where it is based on commission for ever customer who plays the game.

[robelneo]

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 should be the casino and the game provider is a third-party vendor that serves the casino's needs for games, it's the casino that builds its reputation, name, and license and they are the ones who address issues so they are the ones managing the money and the provider depending on their contract and terms gets a share of the profits or payment from the license for the software.

I am not a casino operator but if I operate a casino I want a per-share basis of more than one one-time fee because the game provider will address the issues right away if there's one because they are commission basis.
If the casino bought the license of the script and the seller has weak support, the casino will have to wait for the seller to address the issue and they might even ignore it because the software is already paid.

[EarnOnVictor]

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 issue is that what you are asking is not often made public as the terms of the agreement would vary among clients and parties involved. What I expect is that all that is needed would have been coded in the program we are talking about and it could be well-managed by the provider or house or both even if they are not the writer or the owner. The splitting of the gains will be well spelt in their terms of buying and usage as well as this is a business and I am sure that the percentage that both parties will take can't be the same with all casinos as it will be subject to how best you can negotiate and what you are bringing better into the table, like the capacity of the customers and the liquidity.

This is also subject to frequent reviews depending on the progress of the casinos, and I am sure that most of these providers will always want to shift ground depending on the current size of the casinos and for the competition's sake. Also, all the things that should be managed in the games can't be rigid, the developers will give the casino some high degree of autonomy to set what they want, so it can't be all about the provider. They will be reasonable enough to allow easy management by the casino as both are in this together with the casino at the user end.

[Gozie51]

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 the contract agreement or engagement. They may decide to have a agreement that allows the game provider have commission from the percentage of those games played while at a point the casino buys into higher percentage and pays a lower commission to the game provider. They can also buy the right over from the game provider. So at every point it depends on the agreement reached but where the casino has bought the right of the game then they take absolute charge of the game and proceed.

[ethereumhunter]

Casinos manage their finances because it is their business and the casinos already work with the slot providers. There may be a commission or license purchase that the casino must pay to its slot provider. I don't know what the process is because I'm not part of a casino, and I don't know what the requirements are if I want to use slot games from a particular provider. Only those who work inside the casino know about it and if you ask the support service, they won't know because it's not part of their job.

[aioc]

We all agreed its the casino because they are the business entity here, and they have a choice on what game providers they will install on their platform, the agreement is based on shares of the profit or fees for using their software for a specific period, its the casino that face all the issues and situations, when people accuse a casino its name and the people behind them are the one who address the issues, all the game provider can do it make sure that their games are running smoothly.

[komisariatku]

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 issue is that what you are asking is not often made public as the terms of the agreement would vary among clients and parties involved.
~snip~

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?

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.

Apart from that, if we play on a slot machine then we will be directed to another address whose domain is different from the casino so in my opinion we will be directed directly to the game provider and if the casino buys the license and software then we don't need to be redirected to another domain, but still in the same casino domain. But this is just my assumption, I don't know how casinos work and what their agreements are with game providers