Topic: BetKing.io Relaunch (Read 1583 times)

Dean just get new level of cringe, he scam people to get reff's xD
Promise 30$ when you click to his link and you got daily reload 1$ x 7days xD
I can imagine how poor he must be now, how it is even possible...

Nothing to be curious about, companies can lift companies, and It doesn't matter whether they are competitors or not, when a company falls, it's no longer a competitor to the other, but if the standing company is a good and caring one, it can assist the fallen one to rise.

What am thinking happened is that maybe Betking has reached out to stake, and stake has asked Betking to bring its customers over to stake, then stake now has a special commission(something far bigger than the normal commission from stake's affiliate program) for Betking in order to enable them payoff investors that they owe.

In response to that, I will use a quote from one of your work colleagues, which I believe is highly appropriate here.

I was curious how long has it been since they closed the Betking and I was wondering how are they going to pay their previous investors if they closed the Betking already. Anyway that's not my problem anymore but I'm just curious why they choose to redirect players to Stake?

You are just doing the same thing on your quoted statement the time you made this reply of yours. Dean account last online was January 30, 2022 and he just came back hoping to regain trust of forum user. Betking reputation here is so bad due to there failed ICO while Dean do an exit scam claiming the website got bankrupt. I believe he will not return again any time soon. Maybe he is using other account and operating new startup Casino.

We should stop posting here since this thread should be dead.

And I think he just made a joke so that people like you would have something to talk about and fill the campaign post limit.

I wonder when he will show up here with another story, to laugh at those he scammed a second time. I think he's starting to taking that as a good fun.

To be a casino owner and bother with a referral program and affiliate links is rather absurd. When I look at how many visitors his site receives, it is peanuts! He must be incredibly desperate.

You don't seem to know the story behind this project at all..
This is the second fall of this casino. The first was via an alleged hack. However, everything that happened then and is happening now shows that this is one big scam. If you thought that someone could be cheated by BetKing.io scammers for the third time, then I'm sure you are very wrong.

I personally have had no experience with this site, but this site has been online for a long time, hasn't it? It's not like it's a new site that's packing its bags now. We are sorry to read that so many negative reviews have been written. They will, of course, be based somewhere. Maybe they will launch a new site. I also wonder what will happen to the domain next. Maybe that will be passed on right away but stake.com, their affiliate partner.

Update ... after few days they replied to my email ...
The disappointment remains for so many problems had in the past with this site and for the bad way of treating its customers.
Fun fact, we are replying in a topic called "BetKing.io Relaunch" meanwhile they are completely closing operations....

Don't expect that anything is working behind it. Even if someone makes impression that there is some activity from time to time, I bet they only do it to pretend that they want to give back/work off the embezzled money. And the truth is that this money has long been invested elsewhere.

What do you expect from a casino that has a history of scamming its customers and investors?
The truth is, the scammers don't care who they hurt when they pull of their exit scam.

Do they even have the money to payback if they are already scrambling for peanuts from stake.com's affiliate program? 

It would have been better to warn the players by email that they are closing operations.
Meanwhile I wrote to their email to receive the password/regain access to my account created years ago, but no answers received...

I don't think that they allow players to gamble on their website anymore, although investors and token holders are able to log in, they probably only be allowed to withdraw as stated on their webpage. as for their referral, I doubt they'll pay their old investors through that.

wildan88 probably meant that betking is recommending stake.com.

I have no idea how you guys were redirected to Stake. I tried visit betking but it does not redirect me to Stake, indeed there is a link to Stake but I'm pretty sure it is because the owner of Betking want to make some earning through the affiliate program of Stake. It seems that Dean as the owner of betking want to collect some money for free from the affiliate program only. Dean seems to be given up already with his own casino and decided to stop the casino and prefer to earn money from something else.

It's still good that they are paying previous investors and they are committed to pay them back, it's odd that they are redirecting players to Stake which is their competitor. How are they going to pay back their investors though their referral to Stake?

It is curious that the site is no longer accessible to players. What strikes me even more, however, is that it is currently redirecting to the stake.com site
Could they have entered into some sort of partnership? It's hard for me to imagine that Stake.com would want to partner with Betking.io, as the reputations of the two sites are very different. Or is there another reason why referrals are made?

ya.ya.yo!

Thank you for the information. Keeping what you wrote and what currently shows on the website, it still does not mean it is the end of the betking or serial scammer Dean Nolan. Maybe he will relaunch again in a few weeks time.

From their TG channel:

I'll give you a quick update and history of what happened.

We were the biggest crowdfunded dice site from 2015-2016 (Just-Dice had closed, we were never close to being as big as they were).
BetKing made investors 7400 BTC by the time we closed in Dec 2016.
All investors withdrew their funds with no issues (there was about 6000 BTC in the bankroll at that time, keep that in mind when you hear people say scam, there's proof on here of all investors withdrawing with no issues).

We decided to relaunch in Sept 2017 after doing an ICO. Why? Because an ICO gives us business funds to actually use on marketing and trying to grow the site bigger.
The 6000 btc previously invested couldn't be used for anything except as bankroll to accept bets.

We raised $6 million in the ICO ($1 million of that was put in by me).

Around summer of 2018 there was a huge smear campaign started on this forum, BEFORE anything had gone wrong with BetKing, claiming that the site was a scam.
It was clearly tactical and possibly done by competitors or someone who had lost on the site. Someone with SEO expertise if you look at the old posts. But it did put a lot of players off playing even if untrue.

Unfortunately, by Dec 2018 we had run out of ICO funds for a number of reasons that have been posted elsewhere and that all token holders are well aware of.
What is usually ignored is that token holders actually received over $3 million of the initial investment back by this point.

The smear campaign continued even stronger and investors were divided at this point and it made it almost impossible for us to do anything to actually recover funds.
We tried though. Some token holders even put extra funds in to the bankroll of the site so that we could continue.
Unfortunately there was a hack that lost a lot of these funds too. The code for the version of the site at the time of the hack was developed by hired developers.
However, I still admitted blame for failure to detect the hack either in review or testing.

That gave a lot more ammunition to the trolls/competitors that wanted to see the site die off.
Despite what you read, these people never cared about investors getting their money back. They wouldn't be on the attack as much as they are if they did.

At this time I couldn't see any way out of this or any way that investors would trust the site to put more funds in and felt forced to close in oct 2019 with the promise
that IF (and the trolls made this almost impossible) I were to have success in any other project in future that I would refund them personally (including ICO token holders).

I will point out that no players lost money here. We paid out as much of the balances as possible and then two other casinos helped with refunding some other players via affiliate bonuses.

2 years went past where I had potentially good projects to launch but with no ability to share with anyone to try and get investment or support as I knew the forums could damage any new brand faster than I could build it.

I decided in the end that it would just be better if BetKing was online than off and any profit at all was used to refund old investors even if it took a very long time.

So here we are. The site is online. The bankroll is privately funded by old investors who lost funds either in the ICO or the hack.
The profit made, while small at the moment, has been refunding old investors losses.

All previous token holders have access to a refunds page that shows the amount to be refunded, amounts currently refunded and some plans.
I see no reason for this page to be public considering there is no one on this forum who bought tokens or lost in the hack that hasn't already got access to this page.
All the scam accusation posts are made by people who didn't play or didn't invest and then everyone else just took their word.

We have plans to make the site better in 2022 (sports being one).
The current bonus system is better than all other casinos (50% of all losses/ev back with no grinding levels).
We won't get all old players back or convince everyone to trust the site.
New players will still get put off due to google results and seeing the lies on this forum.

What I find odd is that other sites who had hacks don't get the same treatment. There was a bustabit clone that got hacked and the owner said they would refund investors by taking no commission and everyone was fine with that. When I say the same it's nothing but abuse.

Then there's other sites that did ICO's and actually just stole millions of $ off their investors yet players continue to play at the site even though the owners have been ignoring investors for years and they get only a small fraction of the hate on here as we do.

But, BetKing it's still going and refunding old investors losses despite the hate and lies here and that's all that matters.