Classic Affiliates, a relatively new network that offered its services to the UK market has suddenly closed along with all its brands.
The following message has been circulating amongst its users emails:
“With great regret, we are closing the Classic Affiliates network today with immediate effect. Over the last few months, we have been trying our best to raise funds to run the network. However, all our efforts of securing funding have failed unfortunately despite months of trying and the ongoing pandemic has only made it more difficult to raise funds”.
They also claim that “reduced margins” in the UK market are making matters even worse as they can no longer support payment of their services making them take the ultimate decision to close down the network to prevent debts from piling up.
Apparently, they seem to still be holding their word on pending commissions as they appear to keep “committed” to pay these out over the coming months.
As of now it’s still not set in stone if their casinos will stop functioning but their website is currently showing a 404 error (page not found) and they also made it clear that their affiliate software provider would be taking everything down due to not being able to keep up with payments.
Classic Affiliates was the affiliate program for Blue Fox Casino, Sparkle Slots and Bright Star Casino offering up to 40% revenue share in its business model.