Microgaming Casino Promotes New ConceptBy: R. Kingsley, Monday November 3rd 2008
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Playerati is an online casino with a difference. It allows players to create their own online lotteries and casinos. Though the software is still in the Beta 2.0 stage, Playerati is fast becoming a conversation piece in the online gaming industry. The web site of Playerati does not reveal who the owner's are. And this can be a bit disconcerting. However Playerati is backed by the two most trusted names in the online gaming industry. The software is from Microgaming. Not only does the Playerati web site carry the Microgaming logo, but Microgaming also lists Playerati as one of its clients and hence there is no room for doubt on this score. Also Playerati is licensed by the Kahnawake Gaming Commission, which is one of the strongest gaming jurisdictions.
The novel concept of Playerati is that it allows its clients to create their own lotteries and casinos online. The clients can be individual entrepreneurs, global brands or students who want to finance their education. They can create, personalize and promote their very own online lotteries and casinos using the tools provided by Playerati. Presently there is a selection of 20 ready-made games to choose from. This web 2.0 fundraising tool "uses the power of social networks to promote an open lottery or casino around the world within minutes."
The modus operandi is simple. The host creates the games but does not make any investment. The players, who may be the host's friends or the public at large, place wagers. Of the total wagers placed one share goes to the winner of the game, one share goes to a charity designated by the host, one share goes to the host and one share of 5% goes to Playerati. Hence the host does not take any financial risk and is assured of a return. The more players the host can generate for his lotteries or casino games the more money he stands to make. Playerati handles all the payouts through its secure system. Playerati uses the online gaming industry standard 128-bit Secure Socket Layer Digital Encryption to secure the electronic transactions over the Internet. The independent expert RapidSSL manages the security.
For more information please check out the FAQs section at the Playerati web site. It is extremely informative, particularly with respect to the promotion of the lotteries created by the hosts. It lays out the different methods of promotions, how the host can price the lottery tickets and how he can estimate the expected traffic to his lottery.
Coming from Microgaming one can expect Playerati to be strongly rooted in responsible gambling. In fact Playerati means "Play Wisely". Playerati is affiliated to GamCare.
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