Category Archives: Casinos

DEQ Systems and Talisman Group Resolve Their Business Differences

deq systemsInvestors of Australia-based entertainment and gaming firm Echo Entertainment are questioning its theoretic model of future profit projections based on revenues from VIP gamblers. They stated that the projections of profits that the firm can win over a period of time are highly inflated as these are based on the premise that high rollers will bet specific amounts during this period. According to the theory projected by Echo Entertainment’s financial management body, future profits are based on an estimation that the casino will earn 1.43 percent on every $100 bet by VIP customers at its tables.

Actual vs projected earnings at Echo Entertainment

This projection was accepted at face value until it was discovered that Echo’s win rate from VIP customers was only at 1.27 percent so there was a shortfall of $66 million over projected earnings of $521 million which was largely due to volatile behaviour of high rollers. Though these high net worth clients wagered around $46 billion on its tables in 2015 it has not led to growth in revenues. Analysts’ state that Echo Entertainment’s projections are a little unrealistic and the closest earnings a casino can expect from high rollers is 1.35 percent in table games like baccarat which is easily achievable and is the industry standard.

Echo Entertainment’s earnings

Echo group owns three popular casinos in Queensland area of Australia and calculated the win rate on the basis of theoretical average of five years. Though the volume of VIP gamblers at Echo’s Jupiters Hotel and Casino has grown in recent months when compared to previous years the market has become very volatile so its theoretical rates are way above what is actually earned. Echo older theoretical rate was at a high of 1.62 percent a couple of years ago but was reduced to 1.43 percent after protests by its 10 percent stakeholder James Packer of Crown. But even this rate is higher than industrial average of 1.35 percent so there is a difference between actual win rate and projected rate.

Maple Casino Review

Maple Casino is an online casino that is geared for the Canadian player, but it accepts clients from all around the world except the United States. The casino uses both Microgaming and Microgaming Quickfire, and the website and all software are available in both English and French. The casino is owned and operated by Vegas Partner Lounge, licensed in Malta and audited and certified for fairness by eCOGRA.

Software

maple-casinoThe casino makes full use of both the Microgaming core and Microgaming Quickfire platforms. The preferred way to access the site is through the desktop client because that provides you with full access to the casino’s game library and services. Nevertheless, the instant-play casino available directly through the website is a convenient option when downloading and installing software is not viable. For Apple and Android mobile devices that cannot handle a full-blown site, an app is available that provides full access to the software company’s mobile library.

Slot Machines

The game library at this casino includes more than 600 unique options, a large number of which are slot machines. The slots selection includes pub-style games, multi-line games, five-reel machines, machines with second-screen bonuses and more than two dozen progressive jackpots. The choice of progressive jackpots is one of the big draws because the casino is fully connected to the Microgaming network, and the pots get ridiculously large.

Banking

The casino’s default currency is the Canadian dollar, but it also natively supports the American dollar, euro and pound sterling, which means that there are no exchange surcharges. The cashier also offers a wide selection of payment options, and almost all the options support both deposit and withdrawal. Deposits are for the most part instantaneous; the exception to this is a bank transfer, which depending on the bank can take up to five days. Most withdrawal options process with two days, but credit cards, for instance, can take up to seven business days.