• Concept Casino: Greenzorro Invests Losses For Players

    29 November 2017

    Greenzorro invests losses for players

    The online gambling industry has no shortage of innovators and disruptors. With the proliferation of white label casinos, freethinkers have found opportunities to apply their own concepts to create something unique and original. One of those innovators is Akis Stark of London and his creation is called Greenzorro Casino. He launched the concept for the public company in 2014. In a nutshell, rather than walking away with empty pockets after a losing session, players will see their losses (casino profits) put into investment funds with players as the sole beneficiaries. More on that later. 

    What is a White Label Casino?

    In most cases, a "white label" is a gambling portal managed and operated by a platform provider. They normally take care of all back-office business, statistics, payment processing, licensing, game providence, customer service, etc., leaving the owner free to explore and apply new or existing marketing concepts. In a nutshell, it is the bones of a 'reno' house or the chassis, engine, nuts and bolts of a custom race car that can be dressed up and promoted in whatever manner the owner chooses to within terms of the solution agreement. Some examples of white labels include Casino Cruise, also running on the EveryMatrix platform and the SoftSwiss powered bitcoin casino, Oshi.

    Who Can Play at Greenzorro? 

    Because Greenzorro invests all profits, and players are the beneficiaries, players become co-owners of the company in a manner of speaking. Here's how it works. A visitor signs up. Please note that the casino is not available in all jurisdictions. Our testers were unable to log in from the U.S., Canada, or Germany but were able to access the site from the Netherlands and Singapore. The FAQ section and T&C of the website aren't specific so you will just have to try if the concept interests you.

    Losses Become Winnings Again

    Deposit and play and if you win, great, cash out. At the end of the month, the company will audit your casino account and sum up all wins and losses. If you are ahead of the game for the month, great! If you lost more than you won your loss is recorded and Greenzorro goes to work. All player net losses for each month are segregated. Necessary operating costs are covered, and all money is allocated to investment accounts. 

    Now, simply choose an investment strategy: Conservative (3% return yearly), Medium (6% return) or Aggressive (10% return). Watch your investments grow via the Greenzorro dashboard, simple as. Players can exit their investments at any time and Greenzorro will pay right away.

    Of course, there are caveats and limits, etc., but they are all spelled out on the Greenzorro website. For instance, your return is locked into a range of 50% to 110% of your losses. This means that if you gambled and lost €1,000 last month, you can potentially recoup from €500 to €1,100. Returns will depend on how long you hold your investment and are obviously subject to investment performance.

    Win/Win - No Downside

    While there are risks in any investment, players may enjoy the peace of mind in knowing they really are gambling on financial markets with "somebody else's money" as it was already lost once. So there really is only upside to it.

    We wondered how Greenzorro could possibly make money under this scenario and discovered that they do not make any money off gambling activity, but they do charge industry standard fees as an investment service. They make money if you make money off the investments. If players cash out of their investments during an initial 90-day lock period they are charged 25%.

    Investments Separate From Casino Operator

    The Greenzorro casino operates on the EveryMatrix platform and is licensed by the Malta Gaming Authority and in Curacao under a sub-license from Antillephone, N.V. License No. 8048/JAZ. Greenzorro Limited is a UK registered company (#10401612). EveryMatrix is solely the white label casino operator and is not involved in the investment business of Greenzorro in any way.

    Game providers include NetEnt, Leander Games, Playson, and WorldMatch.


    Source

    Greenzorro Casino, Website 11-29-2017

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