Gambling site closed? Why? | Bitcointalksearch.org

noormcs5

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Quote from: Indrawan77 on December 28, 2017, 12:47:06 AM

I think the volatility and the spiking of bitcoin also become the reason why gambling site is struggling, and a lot of gamblers also restricted themselves because of the price, and alot of gambling site got the same game, so the rivalry making the site hard to survive, now people more interested in investing and trading

No doubt gambling sites are struggling, but bitcoin gambling sites have more earning than fiat online gambling sites. But bitcoin price volatility matter for players that the period for gambling sites are struggling. But when bitcoin price go to down then these gambling sites have profit. So same here in gambling sites they volatility earn.

Indrawan77

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I think the volatility and the spiking of bitcoin also become the reason why gambling site is struggling, and a lot of gamblers also restricted themselves because of the price, and alot of gambling site got the same game, so the rivalry making the site hard to survive, now people more interested in investing and trading

daringdiscovered

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Quote from: freedos on December 27, 2017, 12:21:37 PM

when directbet close is such a waste, they even said they still got profits tho

The only reason why a gambling site is closing is that either they ran out of funds or they don't have that much players playing on their site causing their gambling site to close, well maybe they closed it because they wanted to do so for their personal reasons. We can't do anything about it even if we have money on them, we just have to move on and then look for another gambling site.

michkima

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I guess rollin.io didn't really have enough players to keep it running. Problem was that they didn't have a strong player base so they can keep on running like how primedice has lasted over the years. Also, this casino has been one of the most active casinos to give away free btc for the longest time. They consistently gave out bitcoins quite easily but that didn't really improve their situation. Well, probably this was just a normal lifecycle for a casino, nothing last forever anyway.

shield132

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Quote from: takose46 on December 27, 2017, 01:18:47 PM

Quote from: rhamzter on December 27, 2017, 07:58:31 AM

I never heard any news regarding closing of gambling sites, but I guess it will earn a lot of violent reaction if it is happen. For now I can't gather any information with that news but still believe that it will not happen. Because I know that most of the people are habiting playing gambling.

I'm strongly believe it's about the money problem not about the violences.

Bitcoin casino and violance? No because it's place where usually players stay anonymous and can say the same about owners + they use curaccao license for their own protection. Don't know real reason and haven't read if it was posted anywhere but it would be because of loss, it's hard for casinos if there are many and high bet winnings at the same time, lumpsum payment is main reasons I guess.

Shenzou

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Quote from: Caladonian on December 27, 2017, 05:17:33 PM

Quote from: takose46 on December 27, 2017, 01:18:47 PM

Quote from: rhamzter on December 27, 2017, 07:58:31 AM

I never heard any news regarding closing of gambling sites, but I guess it will earn a lot of violent reaction if it is happen. For now I can't gather any information with that news but still believe that it will not happen. Because I know that most of the people are habiting playing gambling.

I'm strongly believe it's about the money problem not about the violences.

Well its always about money, directbet gave their statement as they still in green when they closed their business, but most of the the time it was closed due to money issue they can't handle some whales who knows how to take advantage as they can quit right away after winning.

A part from that, bitcoin transaction time and bitcoin fees have became a major issue for not just only direct bet but for all of the bitcoin betting sites, people can no longer do live betting which was one of the most popular ones because of how transactions may take a long time to get confirmed, fees were not a probelm if they were receing bets, but when sending out winings it costs them a lot of money, say if someone was to bet 1$ and ends up not wining or losing the sites would have to pay fees to return it for him, so they end up losing money.

Caladonian

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Quote from: takose46 on December 27, 2017, 01:18:47 PM

Quote from: rhamzter on December 27, 2017, 07:58:31 AM

I never heard any news regarding closing of gambling sites, but I guess it will earn a lot of violent reaction if it is happen. For now I can't gather any information with that news but still believe that it will not happen. Because I know that most of the people are habiting playing gambling.

I'm strongly believe it's about the money problem not about the violences.

Well its always about money, directbet gave their statement as they still in green when they closed their business, but most of the the time it was closed due to money issue they can't handle some whales who knows how to take advantage as they can quit right away after winning.

takose46

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Quote from: rhamzter on December 27, 2017, 07:58:31 AM

I never heard any news regarding closing of gambling sites, but I guess it will earn a lot of violent reaction if it is happen. For now I can't gather any information with that news but still believe that it will not happen. Because I know that most of the people are habiting playing gambling.

I'm strongly believe it's about the money problem not about the violences.

alfs75

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Quote from: hahay on August 26, 2017, 11:31:33 AM

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

I fill something about fishy,thats why the developer closed the gambling site's or i thinks maybe there so many different circumstances that we could not realy undetstand between the gambling site's and the developer contract in each everyone.there so many circumstance's that we dont realy understand and why even the developer can continously get profit to the gambling site's,but we know already that being a businessman if you fell that your company cannot longer a profitable its better to sell it or shutdown the operation for the common good of the company and i thinks that would happen now,in the gambling site's.

freedos

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life is hard, dont make it more harder

when directbet close is such a waste, they even said they still got profits tho

bavian

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Because they didn't have enough customer to keep the business on so they have to close at the end if they don't want to be broke. Close the website is the way to end the suffering.

rhamzter

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I never heard any news regarding closing of gambling sites, but I guess it will earn a lot of violent reaction if it is happen. For now I can't gather any information with that news but still believe that it will not happen. Because I know that most of the people are habiting playing gambling.

felipe04

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They close the site because the profit is so low or they lose more money than a profit.I think no one will close that if they earn so if they close that either they can't handle the site because they busy or they don't have profit at all.Moreover you can also think that their site is having a few players only or it's not popular also not like primedice and bistler.

Ziskinberg

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Quote from: Dhaaaw on December 26, 2017, 06:32:35 PM

I think it's because it's not profitable anymore, when a website gets more attention and more visitors it is more susceptible to be in a hacker's or a cheater's sight. And since the hackers in the crypto world are very skilled the gambling website developpers have to spend alot more money on security specialists and that cost will drop the profits drastically.

There main reason is to be profitable so it's obvious that they are not making a profit that is why they are closing, expect if the government force then to stop their operation due to a violation of the law. Running a casino is profitable but it's not easy to have the profit since you have to consider a lot of factors, the marketing side should be aggressive to attract new comers and to retain repeat customers because most sites has the same to offer but the customer service is a game changer.

Dhaaaw

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I think it's because it's not profitable anymore, when a website gets more attention and more visitors it is more susceptible to be in a hacker's or a cheater's sight. And since the hackers in the crypto world are very skilled the gambling website developpers have to spend alot more money on security specialists and that cost will drop the profits drastically.

daringdiscovered

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Quote from: madwica on December 04, 2017, 03:54:04 AM

i think they are out of fund some of the investors full out their fund and find another bank roll which is much better than their site, or some thing happen in the management of this site. There are many things to be their reason but the only people knows the exact reason is their management they do not disclosed that because that is very confidential.

Correct, that is the only reason I guess why a certain gambling site will close, or maybe one of the holder of their funds just ran off. Most of the gambling sites who shut their services down, is those small gambling sites, those who ended up having no player at all because their games is so boring and too common.

carlisle1

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Quote from: bering on August 26, 2017, 12:29:52 PM

their reason could be various depend on the situation for gambling sites itself could be had lack of loyal players or anything else but rollin.io and directbet might be slightly different that they still have steady income from the profit but the owners decide to leave because working on another project who possibly more benefit

but they can continue the site even if they had another new who
gives them good profit,because running a stable gambling sites is enough
income for the developer and the site owner..

Maybe they have internal issues sometimes the outviews in many things
are one considerable reasons for the company or partnerships to decide
separation or closure.

madwica

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i think they are out of fund some of the investors full out their fund and find another bank roll which is much better than their site, or some thing happen in the management of this site. There are many things to be their reason but the only people knows the exact reason is their management they do not disclosed that because that is very confidential.

Bitinity

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Quote from: rodel caling on December 04, 2017, 12:07:26 AM

Quote from: hahay on August 26, 2017, 11:31:33 AM

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

gambling site closed? why? great question and very difficult to explain from the gambler user i think this question you can get direct answer from the what is the reason of some gambling site closed, in my opinion maybe the owner bankrupt because they can't control the winning bet or people looking for another excitement games and transfer for new gambling site or location.

What do you mean by owner cant control winning bets? Do you mean gambling site owner who are still existing are doing a bad thing by controlling the result of the bets made by their players? Or you want to say something else?]
Not all gambling sites closed because they are bankrupt, one example is directbet. I think they were not bankrupt, but they have something else to focus on.

mirakal

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Quote from: rodel caling on December 04, 2017, 12:07:26 AM

Quote from: hahay on August 26, 2017, 11:31:33 AM

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

gambling site closed? why? great question and very difficult to explain from the gambler user i think this question you can get direct answer from the what is the reason of some gambling site closed, in my opinion maybe the owner bankrupt because they can't control the winning bet or people looking for another excitement games and transfer for new gambling site or location.

Well, in general gambling industry is very profitable but there is a big competition here, in order for you to attract gamblers you need to compete to deliver the best experience you can give, gamblers are looking always for a better site for a better experience, there is also a risk to the operators as they mind operating a business which are not attracting gamblers and we know gamblers are the lifeblood of this kind of business.

Topic: Gambling site closed? Why? (Read 827 times)