About Online casino/gambling projects - page 3.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Are you talking about those regular online crypto casinos? Well, there are lots and even more popping up every now and then, but only few managed to survive. And of course there are lots that has been around and still "functions" perfectly.

Or are you talking about those blockchain based crypto casinos? Well no one uses them because why would they need those casinos if normal casinos already exists? They don't offer anything new. They say they are "decentralized" but they aren't. The developers can control everything!

Yogee

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Quote from: KiaKia on September 26, 2022, 01:18:36 PM

....Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Why not just ask what helped them survive?

Some basic things I could think of are,
- early crypto casinos had the first move advantage but they also had the tough task of making a name for themselves
- after the early movers made crypto gambling popular then come the casinos that introduced their native tokens with some perks that's only available to their token holders

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Quote from: samcrypto on September 26, 2022, 05:45:53 PM

Quote from: passwordnow on September 26, 2022, 05:30:48 PM

I've seen hundreds of them and from that a lot, only a few projects which you can count with your hands have remained or even less than that. If the interest you've got is about the tokens and its use case for being used in a casino, that's a lot of work to do and it's not easy based from what I saw from those projects before.

Not all site have their own token for their gambling site and I believe this is the reason why the top gambling site is still here simply because they didn’t focus in other things instead they focus on making the platform better by accepting many crypto as much as possible as preferred by many site. I’ve been with stake for years already and I can say that this is one of the old yet best site to bet with. Don’t look for small site OP, they are usually the one that turns into a scam.

Yes, not all casinos have their tokens but I guess he's specific on that part since he has mentioned about "project" and "utility". So, I'm assuming that he's talking about those projects that has tokens that has a main business related to gambling or being a casino itself. Those that want to be successful in this business has to learn from those that are at the top and don't have the idea of owning or launching their own tokens yet, they're still popular and known.

Quote from: serjent05 on September 26, 2022, 05:47:09 PM

Quote from: passwordnow on September 26, 2022, 05:30:48 PM

It's because tokens are not really that necessary at all, there could be from little to no demand if you're also accepting other cryptocurrencies into your casino.

It depends on how the project uses it. If players find the token to be beneficial to them, they will gladly avail of it, the sad thing is project owners often disregard the important ideas that can be integrated on the token making them useless to the development of the platform and just use them to money grab.

It will only beneficial when there's that staking part and it's allowing holders or stakers to earn dividends.
That's mostly the utility and usage that I've been seeing from casinos that has tokens.

DoublerHunter

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Quote from: el kaka22 on September 27, 2022, 06:05:18 PM

Casinos are quite difficult to manage because it requires a lot of people to make it work at the same time. I mean imagine being offline and sleeping, if nobody is looking at what's going on, you are going to get abused for user, people will figure out your times and will abuse it somehow.

It's better to have 3 people for each position to have 8 hours shifts at all times (and 2 people at 12 hour shifts when one of them is not available) and that means a lot of people, not just the owner, from developer to designer to staff, the staff needs to be a lot, so they can help with the support. And we are talking about opponents with millions of dollars in marketing, that's who you would be going against.

^Definitely right and this is true.
It is hard to compete with others now, especially those old gambling casinos that already existed in the gambling business.
It needs manpower or staff that can be able to manage and work your gambling casino 24/7, the fastest customer support seems like it is a part of business marketing in gambling, the first thing that gamblers looking for is the CS.
However, if I will you OP just choose a gambling casino that already existed here for how many years.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Casinos are quite difficult to manage because it requires a lot of people to make it work at the same time. I mean imagine being offline and sleeping, if nobody is looking at what's going on, you are going to get abused for user, people will figure out your times and will abuse it somehow.

It's better to have 3 people for each position to have 8 hours shifts at all times (and 2 people at 12 hour shifts when one of them is not available) and that means a lot of people, not just the owner, from developer to designer to staff, the staff needs to be a lot, so they can help with the support. And we are talking about opponents with millions of dollars in marketing, that's who you would be going against.

Mahanton

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Quote from: kamvreto on September 27, 2022, 02:49:41 PM

Quote from: virasisog on September 27, 2022, 02:19:24 PM

Quote from: Eternad on September 27, 2022, 11:27:04 AM

Quote from: qwertyup23 on September 27, 2022, 11:21:55 AM

Quote from: Little Mouse on September 26, 2022, 01:30:59 PM

There are a lot of sites here for a quite long time and survive for years. Sportsbet, stake, bitcasino, and many more are here for a long time now. Primedice is in the online casino business since 2013 and they are still functioning. You have to find out this casino in the Gambling section. Also, you should move the thread in the gambling discussion if you want to get more valuable answers as the place has a lot of old gamblers. Check the lower side of this topic to0 move it.

That is true- do you know what the common denominator of these gambling websites have? All of them have a designated and active customer support service that caters to the needs of the problems of gamblers online.

In order to attract and maintain a loyal player base, your online gambling website should have at least an active customer support service that relatively replies quickly to the problems along the way. By establishing a trust among your users, they will remain loyal to your website thus attracting more users in the process.

I think the OP is pertaining to those casino that start using an IDO to gather funds by selling the casino utility. Sportsbet, Stake and other casino that mentioned is privately funded with company so they have sufficient resources needed to fund the casino operation expenses for a long time, unlike startup casino that only has limited funds and usually closed when their funds run out since they don’t have capital from there own pocket to run the casino.

Newly built casino sites are having a hard time competing with long-time reputable casino sites because old casinos have a firmer foundation and established capital to keep their site running. New casinos are having a hard time sustaining their sites especially if they're not able to attract and keep more players. It will be too challenging for them because old reputable casino sites have been through a lot and they know how to deal with the status of the crypto market. New casinos need to look for firm support that will also finance their utilities

Strong support such as several early investors who supported the establishment of the casino website as well as doing some advertising on forums such as the Bitcointalk campaign and in several casino communities. New casino sites do require quite a lot of initial capital so that they can be recognized by many players and become their favorite casino. Hiring a few casino influencers will also help to promote the casino site. and what is no less important for new casinos is that the User Interface must be really attractive and updated, following current user interface developments as well as more varied game support and customer support to help players when they get some problems.

Continous development + Active marketing + Decent bonuses and perks

This is what makes the business to sustain for long.There might be something new but these old ones wont really be stopping on competing and trying out to adapt on whats new or whats the trend.
Specially now we are seeing that casino platforms are integrating sports betting as of this moment which it did really make out some good impressions into those gamblers around.
And this is what makes people stay and support out on the site that they are playing with.The older the most reputable and trustable it is.
They wont really last long into this market if they dont really have those qualities.

kamvreto

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Quote from: virasisog on September 27, 2022, 02:19:24 PM

Quote from: Eternad on September 27, 2022, 11:27:04 AM

Quote from: qwertyup23 on September 27, 2022, 11:21:55 AM

Quote from: Little Mouse on September 26, 2022, 01:30:59 PM

There are a lot of sites here for a quite long time and survive for years. Sportsbet, stake, bitcasino, and many more are here for a long time now. Primedice is in the online casino business since 2013 and they are still functioning. You have to find out this casino in the Gambling section. Also, you should move the thread in the gambling discussion if you want to get more valuable answers as the place has a lot of old gamblers. Check the lower side of this topic to0 move it.

That is true- do you know what the common denominator of these gambling websites have? All of them have a designated and active customer support service that caters to the needs of the problems of gamblers online.

In order to attract and maintain a loyal player base, your online gambling website should have at least an active customer support service that relatively replies quickly to the problems along the way. By establishing a trust among your users, they will remain loyal to your website thus attracting more users in the process.

I think the OP is pertaining to those casino that start using an IDO to gather funds by selling the casino utility. Sportsbet, Stake and other casino that mentioned is privately funded with company so they have sufficient resources needed to fund the casino operation expenses for a long time, unlike startup casino that only has limited funds and usually closed when their funds run out since they don’t have capital from there own pocket to run the casino.

Newly built casino sites are having a hard time competing with long-time reputable casino sites because old casinos have a firmer foundation and established capital to keep their site running. New casinos are having a hard time sustaining their sites especially if they're not able to attract and keep more players. It will be too challenging for them because old reputable casino sites have been through a lot and they know how to deal with the status of the crypto market. New casinos need to look for firm support that will also finance their utilities

Strong support such as several early investors who supported the establishment of the casino website as well as doing some advertising on forums such as the Bitcointalk campaign and in several casino communities. New casino sites do require quite a lot of initial capital so that they can be recognized by many players and become their favorite casino. Hiring a few casino influencers will also help to promote the casino site. and what is no less important for new casinos is that the User Interface must be really attractive and updated, following current user interface developments as well as more varied game support and customer support to help players when they get some problems.

348Judah

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Quote from: Pierre 2 on September 27, 2022, 07:41:10 AM

Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I think main reason that kills online casinos are problems with payment systems. If your customers have technical issues with deposits or withdrawals, you will definitely lose a lot. People want to use their money in quickest way possible. Some casinos don't invest a lot in this section and this makes people cold to use that place in future. Honestly speaking I really dislike casinos which makes me wait days for just thousand dollar withdraw from my account.

Also in addition to this, some gamblers also contributed to the cause of this failures when they are trying to act funny and smart with bonus hunting by using crooked ways to accumulate and violate their rules, so OP should bear it in mind that there will be countless attempts on such if he got to lunch a casino, but nevertheless the site functionalityatters most to gamblers, having encounters on issues related to denied access to some functions is a big vexation on the gambler and the casino operators should build more defensive resistance ad against such abuses.

Wiwo

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Quote from: Solosanz on September 27, 2022, 10:41:14 AM

There's many casinos already survive since a long time e.g. cryptogames, 777coin, bitvest, primedice, bitcasino.io, sportsbet.io etc.

The reason why many casinos didn't survive for so long is mostly because of the casino bankroll. Most new casinos will offer a good promotion and it needs a cost especially if there's a lucky gambler who can beat the requirements and reach the maximum bonus they can withdraw

This is why before creating an online casino or business, you need to have enough funds first.

The casinos you mentioned are truly among the oldest casinos around and casinos like 777coin and bitvest have been around for as far back as 2013 and they are still performing well and reputable, unless for some issues that have been raised sometime back on some of them but aside from that stake is among the oldest casinos too but just that stake is not as old as the other ones. But what I want ops to understand is that even new casinos can be highly effective and profitable to players thereby building a good reputation as time goes on.

virasisog

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Quote from: Eternad on September 27, 2022, 11:27:04 AM

Quote from: qwertyup23 on September 27, 2022, 11:21:55 AM

Quote from: Little Mouse on September 26, 2022, 01:30:59 PM

There are a lot of sites here for a quite long time and survive for years. Sportsbet, stake, bitcasino, and many more are here for a long time now. Primedice is in the online casino business since 2013 and they are still functioning. You have to find out this casino in the Gambling section. Also, you should move the thread in the gambling discussion if you want to get more valuable answers as the place has a lot of old gamblers. Check the lower side of this topic to0 move it.

That is true- do you know what the common denominator of these gambling websites have? All of them have a designated and active customer support service that caters to the needs of the problems of gamblers online.

In order to attract and maintain a loyal player base, your online gambling website should have at least an active customer support service that relatively replies quickly to the problems along the way. By establishing a trust among your users, they will remain loyal to your website thus attracting more users in the process.

I think the OP is pertaining to those casino that start using an IDO to gather funds by selling the casino utility. Sportsbet, Stake and other casino that mentioned is privately funded with company so they have sufficient resources needed to fund the casino operation expenses for a long time, unlike startup casino that only has limited funds and usually closed when their funds run out since they don’t have capital from there own pocket to run the casino.

Newly built casino sites are having a hard time competing with long-time reputable casino sites because old casinos have a firmer foundation and established capital to keep their site running. New casinos are having a hard time sustaining their sites especially if they're not able to attract and keep more players. It will be too challenging for them because old reputable casino sites have been through a lot and they know how to deal with the status of the crypto market. New casinos need to look for firm support that will also finance their utilities

Eternad

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When life gets hard BUY Bitcoin!

Quote from: qwertyup23 on September 27, 2022, 11:21:55 AM

Quote from: Little Mouse on September 26, 2022, 01:30:59 PM

There are a lot of sites here for a quite long time and survive for years. Sportsbet, stake, bitcasino, and many more are here for a long time now. Primedice is in the online casino business since 2013 and they are still functioning. You have to find out this casino in the Gambling section. Also, you should move the thread in the gambling discussion if you want to get more valuable answers as the place has a lot of old gamblers. Check the lower side of this topic to0 move it.

That is true- do you know what the common denominator of these gambling websites have? All of them have a designated and active customer support service that caters to the needs of the problems of gamblers online.

In order to attract and maintain a loyal player base, your online gambling website should have at least an active customer support service that relatively replies quickly to the problems along the way. By establishing a trust among your users, they will remain loyal to your website thus attracting more users in the process.

I think the OP is pertaining to those casino that start using an IDO to gather funds by selling the casino utility. Sportsbet, Stake and other casino that mentioned is privately funded with company so they have sufficient resources needed to fund the casino operation expenses for long time unlike startup casino that only have limited funds and usually closed when there funds run out since they don’t have capital from there own pocket to run the casino.

qwertyup23

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Quote from: Little Mouse on September 26, 2022, 01:30:59 PM

There are a lot of sites here for a quite long time and survive for years. Sportsbet, stake, bitcasino, and many more are here for a long time now. Primedice is in the online casino business since 2013 and they are still functioning. You have to find out this casino in the Gambling section. Also, you should move the thread in the gambling discussion if you want to get more valuable answers as the place has a lot of old gamblers. Check the lower side of this topic to0 move it.

That is true- do you know what the common denominator of these gambling websites have? All of them have a designated and active customer support service that caters to the needs of the problems of gamblers online.

In order to attract and maintain a loyal player base, your online gambling website should have at least an active customer support service that relatively replies quickly to the problems along the way. By establishing a trust among your users, they will remain loyal to your website thus attracting more users in the process.

Solosanz

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There's many casinos already survive since a long time e.g. cryptogames, 777coin, bitvest, primedice, bitcasino.io, sportsbet.io etc.

The reason why many casinos didn't survive for so long is mostly because the casino bankroll. Most new casinos will offer a good promotion and it need a cost especially if there's a lucky gamblers can beat the requirements and reach the maximum bonus they can withdraw

This why before creating online casino or business, you need to have enough funds first.

Pierre 2

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Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I think main reason that kills online casinos are problems with payment systems. If your customers have technical issues with deposits or withdrawals, you will definitely lose a lot. People want to use their money in quickest way possible. Some casinos don't invest a lot in this section and this makes people cold to use that place in future. Honestly speaking I really dislike casinos which makes me wait days for just thousand dollar withdraw from my account.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

are you planning to have a crypto gambling site? just make sure that you have enough funds to sustain this business because this is really a expensive type of business.

Quote

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

are you here since long time? if does then you should change your post because there are still tons of old gambling site that still exist nowadays.

Jody.Drummer

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Leading Crypto Sports Betting & Casino Platform

Quote from: Rruchi man on September 26, 2022, 05:59:02 PM

Quote from: KiaKia on September 26, 2022, 01:18:36 PM

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Rather than rushing in to that new environment of business, your approach is good, trying to knowing what has kept old casino's in the game before trying to start is a good approach. I like that you want to learn from the experience of others instead of finding out for yourself which can be fatal to your business. Good luck on your dream.

Yes, don't get caught up in our own ignorance. Asking is important rather than having to suffer losses later. I mean losses in terms of because we entered the wrong casino or gambling provider. Now it has been enforced regarding the license and that is good news for its users. Because those who are registered must follow the steps to be trusted.
The advantage for us is that we can see from their seriousness in managing the casino. This will indirectly control them as a provider.

davis196

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Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

You want to start your own gambling project or you are simply wanting to know more about old gambling projects out of curiosity?
The things that could potentially kill a gambling project are:
1.The owner/s of the project getting greedy and running away with the money. A.K.A Exit scam.
2.A website that doesn't look good enough and lacks functionality.
3.Lack of good advertising.
4.Lack of customer support or bad customer support.

traderethereum

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Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Many online crypto casino sites still survive and still provide good service to their members, both old and new.
They can survive now because many of them can earn the trust of their members and always provide something that still attracts members and can even get more members.
They continue to promote on many media sites so that many people will see their site and end up visiting it.
But if you ask what can kill a casino project if they can't provide good service and always have problems, whatever the problem, then no one will want to stick around and use the site to gamble.

Poker Player

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Quote from: Little Mouse on September 26, 2022, 01:30:59 PM

There are a lot of sites here for a quite long time and survive for years. Sportsbet, stake, bitcasino, and many more are here for a long time now. Primedice is in the online casino business since 2013 and they are still functioning. .

Yes, gambling sites were very important in the history of Bitcoin and also of this forum. Just look at the number of signature campaigns that are from gambling sites.

Quote from: jackg on September 26, 2022, 04:03:26 PM

A lot turn into scam or disappear because they have bankrolls that are hard to manage. Even some places where the bankroll is invested by other users have seen issues in the site going offline (probably due to it not being profitible or due to a hack in some cases, exit scams are quite rife here too and there's been quite a few gambling related ones).

Also because it is very easy to disappear. At the beginning they didn't even have licenses, so setting up a bitcoin casino, operating for a while and disappearing without a trace was very easy. Today most of them have licenses, even if they are from tax havens, and although there are still scams, little by little more control is being imposed.

AicecreaME

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Quote from: Cookdata on September 26, 2022, 09:01:16 PM

Quote from: KiaKia on September 26, 2022, 01:18:36 PM

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I have seen some casino in this forum that has been functioning right way back in 2013 and 2014 that is still functioning to date and we have some that were lunch this year and just lasted for a couple of months. There are so many reasons that contribute to the longevity of casinos been live for long such as keeping a good reputation and not scamming players, paying instantly when users request withdrawals, doing promotions and marketing to keep players in check, free slots and bonuses and many more. What kills casino projects faster than anything others are denying users withdrawals and nothing having enough funds to pay players are the quickest way your company will die, we have seen cases like that here where such casinos end up scamming users and locking their accounts for nothing. If you don't have enough resources to start a casino, don't open one.

I agree with this. There are many casinos that has been established for five years and more already that has been standing strong and operating continuously up until this date. The reason why these casinos are still operating despite many arising competitors are already mentioned, but let me mention some that matter to me such as having a good reputation, maintaining their mission and vision prior to their peak of business, staying true and transparent with their clients, attending to their clients issues and concerns, and conducting up to date campaigns and promotions to keep their casino relevant and in par with the new and existing ones.

These are the things which can keep them going and being patronized by the gamblers. Of course, how they handle their business and how they present it to the players matter the most. If they satisfy or even exceed the expectations of their players, then it is considered to be guaranteed that the players will be loyal to them and might even bring new players in. Otherwise, they will slowly crumble and be like other businesses that didn't thrive because of lack of good management.

Topic: About Online casino/gambling projects - page 3. (Read 624 times)