I can't understand why the hell a gambling project does such a thing.
You have a business which is generating profit in every condition. Why act maliciously?
I don't think he did. He basically had a decent business, and operated it honestly (to the best of my knowledge) and shut down and returned everyones money.
Then later, he saw the wtf ICO craze and decided he wanted in on some of that sweet cash. So he came up with some phoney reasons for needing money, ICO'd and relaunched. Then he was too cheap to use the ICO money for anything so instead of paying for a bustabit license, pirated the software. Instead of putting money in the bankroll, started accepting separate bankroll investors. And the relaunched site isn't a viable business, beside it's pretty much is dead (1300 btc wagered total, ~2 of those in the last week) and with such a garbage name.
But hey, Dean's sitting pretty (i bet he net a few million from the whole ICO scam) and just needs to leave his zombie site limping along for a couple years, so he can pretend i was just a normal case of a business-gone bad; and in the mean time he can work on his bitsafe or what ever next ICO he wants to scam people with.