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Topic: About Online casino/gambling projects - page 4. (Read 682 times)

full member
Activity: 2520
Merit: 204
September 26, 2022, 09:17:24 PM
#32
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.
your curiosity cam easily be answered just by browsing this section , clicking each casino threads and you'll find how long the list of old projects that still existing and many are still having their advertising in this forum.

and also there is only one thing that kills those project and that is their attitude and behavior , if they don't pay interest in any problems their players having? then they may kill their own project/company .
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
September 26, 2022, 08:01:16 PM
#31
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.
hero member
Activity: 3038
Merit: 617
September 26, 2022, 07:28:49 PM
#30
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.

Some legit gambling sites here before are making their announcement that they will now close. In their farewell statement, they are including some of the possible reasons although we don't know if that's true.

However, it's a good characteristic that they are doing a good farewell statement instead of doing an exit surprise scam.

If I have time I can search those threads for you.

It's always assumed they are not making money out of it. Casino in crypto is competing with each other to emerge on top. Some of those who closed or just disappear is because they've got some scam accusations or not really earning.

There are honest casinos who actually announce on they are closing, you can just comment farewell though you have not tried them. The not so honest scam users first before shutdown without notice.
legendary
Activity: 2940
Merit: 1083
September 26, 2022, 06:58:41 PM
#29
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.

Some legit gambling sites here before are making their announcement that they will now close. In their farewell statement, they are including some of the possible reasons although we don't know if that's true.

However, it's a good characteristic that they are doing a good farewell statement instead of doing an exit surprise scam.

If I have time I can search those threads for you.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
September 26, 2022, 06:36:45 PM
#28
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?

You can check those active ANN threads in the Gambling section.

Check the creation date of that thread, obviously on the first page, and you should find some gambling sites that are operational already for several years and are still alive and kicking today or should I say, even getting more bigger as they progress!

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.

Various reasons are; site CEOs shift interest to other businesses just what happened to Yolodice (correct me on this, thanks), lack of funding and decide to stop now the operations, scammed exit, etc.

Other reasons are not mentioned.

Regardless of the reason why the site is closing, what matter is, they should do a good exit and give time for their users to withdraw their respective funds.
legendary
Activity: 2226
Merit: 1086
duelbits.com
September 26, 2022, 06:22:54 PM
#27
~is there any old project that live this long and still functions?
Have you done research first before you made this thread? I suspect you forget to check the "gambling board".
Freebitco.in, Stake.com, Sportsbet.io, Bitcasino.io, Bitvest.io, Crypto.games, and Primedice.com are some examples of casino/gambling sites that already survived for many years. You can find more on the gambling board, it is easy to check whether they still function or not.

*Gambling board: https://bitcointalk.org/index.php?board=56.0

~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.
Of course, there should be scam casino projects, scammers take advantage of the popularity of online casinos.
I think for the scam cases, it is clear that they didn't survive because it is not intended to survive, scammers made them grab instant money only. They will leave the scam project when they got enough money.

hero member
Activity: 3038
Merit: 634
September 26, 2022, 05:49:18 PM
#26
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.
Convenience is what I think the main reason why gamblers are staying on a casino. And that includes on how easy it is to contact customer support for most problems that a customer may face.

Like having hard times or problems in withdrawals and deposits. That's one of the major problem that most gamblers would like to have an assurance that if a casino promised that it'll be an instant withdrawal, then just do it as what it's said in the promise.

Next is the variety of cryptos being accepted. It's part of being convenient to a casino that has wide range of supported cryptocurrencies because not everyone of us would like to gamble with bitcoin and other top coins because, we're all saving that in the future.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
September 26, 2022, 05:39:47 PM
#25
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.
Lack of updates and innovation from times to times make customers lose interest for the websites and migrate to the new ones. However, there are many sites alive for many years already, as we can see on previous posts on this same thread. To remain active and popular an online casino has to offer similar or superior features their competitors are offering.

In early days a simple dice game was enough to make an attractive crypto gambling website, but no more. Now platforms have to offer a complete selection of classical gambling games, plus a great variety of live games and sports betting as well. And probably in some years it won't be enough anymore, so casinos must be constantly developing and upgrading their services.
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
September 26, 2022, 05:19:35 PM
#24
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?

Stake.com has been around and they have been here long before Satoshi created Bitcoin it was launched in 1998 and it became the leader in the Cryptocurrency casinos industry they can boast as one of the oldest online casino

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.
One word, they cannot keep up. competition is very stiff in the gambling industry either you ship in or you ship out, if the casino cannot deliver what the community wants and they don't have good marketing the competition will kill them, so if you're going to play, play on a more established casino, many casinos before they close down are scamming their players
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
September 26, 2022, 05:07:42 PM
#23
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?

In this thread, casinos that have been operating for years have already been pointed out, if you are interested in creating a project I advise you to take a lot of time and do research and preferably find out about the risks and profits of a casino, but like this one It is a sensitive and extremely important subject, ideally, you can get an interview with a casino owner so that you can get better answers.

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.

without a doubt the biggest problem is in the management and planning. if you have access to a lot of information, you have good bankroll management and you also have an advertising campaign then you can succeed. now why many casinos become scams? because this is a market that is already full of casinos, so there is a lot of competition, so to survive in this market you need to have good bankroll management, a good advertising and innovation campaign, if you are offering the same thing as all casinos too offer then you won't attract many customers, you have to offer services that other casinos don't offer
legendary
Activity: 1456
Merit: 1108
Top-tier crypto casino and sportsbook
September 26, 2022, 04:59:02 PM
#22
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.
legendary
Activity: 1918
Merit: 3047
LE ☮︎ Halving es la purga
September 26, 2022, 04:58:27 PM
#21
You can't be generic without handling statistics, on average with Fiat casinos the same thing happens, some projects close, others become scams, others go bankrupt, etc. In the first decade of the 21st century, Fiat poker casinos abounded, then to the current date there may be less than 10% of those who started in that decade.

What is interesting to compare is that, and this is a sensation, I don't have the data, but in the first decade of the 21st century, more Fiat casinos disappeared than those that have disappeared from the crypto environment in the last 10 years.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
September 26, 2022, 04:47:09 PM
#20
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.

Mismanagement is the number one issue that kills the project.  Since mismanagement involves the overall operation of the online casino, being poor on that will lead the gambling project to being bankrupt.  Others to save the financial status of the project often rely on dirty tricks that are borderline scamming the player of their winnings by using holes on the TOS that is easily exploited by the project owner.

Becoming a scam I think is planned even before the project is created, so it is actually the end goal of the project owner, to run away with the fund when right time came.

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.
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.

One thing that kills gambling projects is obviously if they don't have players to begin with, and those who don't processed withdrawals and then who are blatantly scamming gamblers. Others could have been dead because they weren't able to maintain good security, been hack and drain everything.

Indeed marketing strategy is also one very important aspect of gambling platforms.  We can see successful Casinos and gambling site have partnerships with known people, have regular promotional options on their site, and keeps advertising on a different platform to ensure the platform exposure is done regularly.
hero member
Activity: 2730
Merit: 632
September 26, 2022, 04:46:26 PM
#19
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.
There are lots as far as i know.These are the ff:

Freebitco.in
Primedice
Bitkong
Crypto.games

I know i had missed something but much sure that there are already some numbers in speaking with those
long time running casinos that we do have on this crypto space.Question on how they do sustain?
They do just give their best on offering the best as they can in the community.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
September 26, 2022, 04:45:53 PM
#18
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?
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.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
September 26, 2022, 04:30:48 PM
#17
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?
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.

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.
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.
legendary
Activity: 2576
Merit: 1655
September 26, 2022, 04:25:55 PM
#16
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 can check,

1. https://primedice.com/
2. https://stake.com/ - The one in my signature

They have been in crypto space for many years and the one who started the trend and still up to now they are still around even though there are a lot of competitions in the last 8 years or so.

One thing that kills gambling projects is obviously if they don't have players to begin with, and those who don't processed withdrawals and then who are blatantly scamming gamblers. Others could have been dead because they weren't able to maintain good security, been hack and drain everything.
full member
Activity: 2128
Merit: 180
September 26, 2022, 04:22:05 PM
#15
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.
The competition here in crypto gambling is huge, as we can see almost every month there’s a new site and they are competing with the top site which already have a good number of players if they failed to market the project most probably they wont last and the worst case is, they can turn into a scam project. There’s a lot of old site that is still here, they are also on the top simply because they offer great service and their platform is exceptional.
legendary
Activity: 1050
Merit: 1100
September 26, 2022, 03:35:58 PM
#14
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.
Most times there are always similar things that kill business or projects. Firstly, the foundation of the business or projects is important. If you want to begin and casino project that would last for a long time then you must ensure you study the market and come up with your goals, objectives and roadmap to achieve them. Most casino projects die because of lack of planning.

Some casino owners view the business as a get rich quick scheme. Hence, when the profit is not rolling the way they projected, they tend to close the business and run away with customer's deposits. You must note that business takes time to grow, hence there is need for diligence and patience.

Most online casinos fail because of lack of cybersecurity and privacy management. Most of them are hacked by scammers or sometimes information of customers are stolen and used to carryout criminal activities.

Qualified human resources is very important for the success of an online casino firm. Most casino firm die easily because they don't have the right team or staff that would drive the vision or goals of the business. It is very important to recruit and consult the right personal, if you want to succeed in the crypto casino industry.
legendary
Activity: 2436
Merit: 1008
September 26, 2022, 03:29:12 PM
#13
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.

Just like the usual business, success depends on how site owners will manage properly their business to last long. Since the competition in crypto-gambling is so tough, site owners have to think of the best possible promotions and features to lure users to play on the site.

Lastly, big capital is really necessary to run gambling projects that will last for a long.

If successful, that big capital can be soon achieved its ROI and what's next is pure profit.
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