Greenzorro Casino is a unique online gambling portal. Visitors in accepted jurisdictions are able to play popular real money games, but there is a unique twist. If you win, you simply collect your money like any place else. However, if you lose the company takes player net losses and allocates them to real investment funds with players being the sole beneficiaries of any returns. We'll explain a little more about how it all works below.

The concept and the first iteration of the company behind it were launched in London by Akis Stark in November 2014. The gaming site itself was not launched until 2017. The casino runs on the EveryMatrix platform with games from NetEnt, Leander, Playson, and WorldMatch. It is operated and managed by EveryMatrix and licensed in Malta and Curacao. Greenzorro Limited, the white label owner, is a UK company with registration number 10401612, incorporated on 29th September 2016.

We find incidences of the company's website beginning in early 2015. Early versions of the portal simply invited players to sign up ahead of the launch in order to preserve their place in line. They began to become more widely known after participating in a start-up pitch at SiGMA iGaming Malta on November 24, 2017. Although the company didn't make it into the final 10 to face the "Dragon's Den" and compete for investors officially, the concept caught our attention after the fact.

Operating as a white label gives the owners a lot of flexibility. This sort of site is easy to acquire, all it really takes is a marketing plan and some money. The solution provider handles all of the day to day business such as licensing, back office, statistics, payment processing, customer service, pretty much everything aside from funding and marketing. Normally, after paying expenses, which can be as much as 95% of revenues, a label owner will simply reinvest or capture what's left to live on and fight another day. Therein lies the difference here. Stark has chosen to forgo making any money off of gambling activities and focus on investing the company's profits (your losses) for the benefit of the players.

Now, just looking at the surface that may sound too good to be true, but looking deeper it begins to make more sense. By reducing overhead and operations costs, such as marketing, and taking the long view, the company is able to make money as an investment service and profit when players profit.

Sign up, play games, select investment, withdraw 'bonus'. In a nutshell, you simply deposit and play and if you win, cash out. If you lose you'll get another chance to win anyway. At the end of the month, all player accounts are audited. All players with a net loss (deposited more than cashed out) have 50% of their losses segregated and allocated to an investment account. You fire up your dashboard and choose your appetite for risk and reward running from "conservative" with a 3% annual return to "aggressive" which will pay out 10%. After a minimum of 90 days you can cash out your 'bonus' and the funds will be transferred to your account within one day.

These are specific funds and a player's choice is only between low, medium, and high-risk investments and there are limits. Returns are locked into a range of 50% to 110% so €1,000 in losses will never recoup more than €1,100. That's fine. Cash out and invest somewhere else or try your luck again on the games.

The site is not available in all areas. We were unable to load it from the U.S., Canada, or Germany but found access from the Netherlands and Singapore. The website is not specific about who can play there and restrictions may be due to certain game suppliers, or the bonus/investment concept. For now, the only way to find out if you are eligible would be to go to the page.

Games and Software

As mentioned above, the investment software/dashboard is not related in any way to the white label provider.

The gaming site works like any other HTML5 browser-based gambling portal with play available on mobile, tablet, laptop, and desktop.

The games are supplied by world-renowned developers including Net Entertainment, Leander Games, and the lesser-known Playson and WorldMatch. Most online players in markets served by NetEnt are familiar with their games. Leander Games is a developer based in Argentina with a great portfolio including titles like Megadeth, Dragon Slot, and the innovative hybrid "Reely" series including Reely Roulette Slot and Reely Bingo Slot.

Playson is based in Malta and offers about 40 HTML5 titles including the stunning Time Warp Guardian and Art of the Heist.

WorldMatch was the first platform provider to receive a license from the Malta Gaming Authority. But they've also developed well over 100 slots along with complete suites of video poker, roulette, and card games on offer as well. They were early pioneers in no-download Flash game development and now develop in HTML5 for all devices and operating systems. Look for Banana King, Book of Pharaon, and Ghosts Night 3D slots.

Bonuses and Promotions

While promotions can and do change over time, upon launch they are offering a very conservative welcome package. However, the core 'bonus' is a 50% cashback offer - if you lose, you stand a chance to recoup losses over time by choosing an investment category you are comfortable with.

Pitfalls

No restricted territories are listed on the website, you'll have to click through to find out if you can play from your area. Longterm investments may not appeal to some players. Welcome bonuses are not easily found. No indication if investments are insured. Costs and "industry standard fees" for the investment service are either not revealed or are difficult to find. The EveryMatrix platform has had some stability problems in the past, the most recent being Flash to HTML conversion glitches.

The Final Word

Many players who have taken the plunge to play without bonuses or take advantage of only post-event offers find they are happier overall. It takes a different mindset, but once you win - the money is yours. When playing without rules you can follow a win with a crazy bet or two, or lay your last dollar on a single line for a Hail Mary win. True 50% cash back, or at least the possibility of it if your investments pan out, is about the best bonus available because it is paid out in cash and there are no wagering requirements. Some EM casinos pay out in as few as five minutes after player documents have been verified.

External Links

• LCB’s interview Akis Stark, CEO and co-founder of GreenZorro