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.

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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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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.

rodel caling

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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.

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.

FeArZ

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Quote from: noormcs5 on August 30, 2017, 06:58:18 AM

Yeah, mostly of the gambling sites come and spend few time and shut down. It has various reasons, especially for those gambling sites who have shut down, definitely their earning was not enough and they thought better to shut down. So i think it is not new thing, but i am happy to see most of the gambling sites still working and have good earning.

Above all else you have to said something first on the grounds that on the off chance that you specified that things and take after then you will be on the opportune place like go for surveys of sites go for trust of site and go for the planning of site then you will end up being a fruitful individual on the off chance that you are not doing that then you are squandering your cash in pointless things.

BitcoinGirl.Club

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First directbet got closed and now rollin.io whats really going on...as far as I know if any business is to bring good services to its customers there must be competition, without it we might get below par services. Maybe gambling without verification is attracting heat which these guys are trying to avoid.

milewilda

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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.

If we do try to remember on Directbet closure they do tell us that they are pursuing another things in life and we dont really know whats the true reason behind it knowing and thinking off that there are lots of possible reasons for a certain gambling site to close.Its would be either Personal decision, Lack of community interest, bankruptcy, hacked etc. This time i didnt even know that rollin.io is auctioning their site.

LuanX3

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I think there are so many casinos closing right now. What's up with that? Closing left and right. I read another thread that bitstarz can be possilby closed too.
Though that news isn't confirmed yet. Then now rollin is also being sold. Maybe they are all cashing out their profits and going to just retire already.

Barcode_

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With more and more online casinos coming into the gambling market to compete with each other, if a casino plans to attract customers to their site to wager, I guess the admin of the site needs to spend a lot of money on marketing purpose doing signature campaign, wagering contest, and giveaways, and if the result of the marketing plan fails to achieve the profit for the site, maybe the admin would just decide to close down the site.

bhadz

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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.

I was shock at first too when seeing these long time trusted casino's decided to close their operation. Directbet is very popular and rollin.io too, they are like tier 1 casino's.

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

What exactly is happening on the gambling site?

I don't have an idea on what's happening to them but it's a decision from their management.

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

Does not the gambling site give big profitable to the developer?

It depends on their terms of contract, if they'll pay those devs after the work done or they are paid monthly or with commission it really depends on their negotiation.

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

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?

I guess it's all about management, they can't manage it anymore.

ufaiz50

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according to logic if you make a lot of profits there will certainly be risks that follow that profits. they may also be closed due to letters of permission or other things such as illegal acts.

mirakal

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IMO it should be an internal problem because if they are operating and they didn't violate the law then there is no reason for them to stop their business.
Gambling industry is one of the most profitable industry so I don't think if they are making good profit they will stop the business, sometimes when there is no proper management it will end up splitting and I think that's what happened to most of the sites that closes.

MinerHQ

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Quote from: maeusi on August 26, 2017, 04:03:17 PM

When reading between the lines, focusing to other projects is not the only reason to sell rollin.io. They seem to fear high rollers with not enough financial reserve.

It looks like true. They may want to sell the site and make a one-time good profit instead of taking risks to lose their current bankroll. But it looks like the price what they asking is very high and one can easily build up their own site and with good promotion slowly they can gain the reputation instead of paying such a high price. This is just my opinion about the price they set.

hawkins

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many reasons that can make gambling sites closed. such as bankruptcy, better website development, even scam. Well, it all depends on the site you visit. but, most sites are also closed because there is no more interesting development on the site.

BlockEye

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Quote from: piloder on August 30, 2017, 02:06:23 PM

When BTC-e owner get caught because of money laundering charges many bitcoin related projects are shutting down without any proper reasons.
Directbet.eu, bitmixer.io are few of such projects that haven't declared clear reason for the shutdown despite of huge profit they were making everyday.

I think case of rollin.io is quite different, owner is just trying to sell his site rather than shutting it down like other sites.

Competitions between casinos became too stronger. We can't deny that those sites did perform pretty before well but there are more sites that been patronized and that's how the industries goes, their time lapse now. There should always be a innovation. New additional games or features and improvement on services. Who knows they might announced some relaunch too soon thrpugh ICO.

piloder

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When BTC-e owner get caught because of money laundering charges many bitcoin related projects are shutting down without any proper reasons.
Directbet.eu, bitmixer.io are few of such projects that haven't declared clear reason for the shutdown despite of huge profit they were making everyday.

I think case of rollin.io is quite different, owner is just trying to sell his site rather than shutting it down like other sites.

noormcs5

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Yeah, mostly of the gambling sites come and spend few time and shut down. It has various reasons, especially for those gambling sites who have shut down, definitely their earning was not enough and they thought better to shut down. So i think it is not new thing, but i am happy to see most of the gambling sites still working and have good earning.

jhenfelipe

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I don't think there's something happening, I mean it is just that the owners decided to shutdown or sell their sites. They didn't depend onto each other so it's not a problem as a whole IMO. Not all gambling sites give profits, it depends on the site on how popular and trusted it is for users. I believe rollin gained profits for the past years though. There might be different reasons to shutdown and as per Rollin, they've listed several reasons why the decision end up in selling the site. Mainly because they don't want to risk their bankroll which will be used in their other projects, "I guess" that will be more profitable than rollin.io

It is hard to build reputation and popularity in the community that's why it is unexpected to see rollin.io in auction. I hope it end up with a trusted buyer too. We are aware that scammers mostly take advantage in this kind of situation.

Schuyler

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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.

When most gambling sites fail, it is usually for reasons that could have been avoided. The blame therefore ultimately lies with the people operating those sites. Many people assume and think that it must be easy to make money from running an online casino, a sports betting site, or any other type of gambling site, but that really isn’t the case. Any business that is not managed well is likely to fail in the long run, and it’s no different in the online gambling industry.

MyIdeas

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Quote from: Wapfika on August 27, 2017, 08:21:26 AM

Quote from: JL421 on August 27, 2017, 08:17:28 AM

It must be because of poor management in case of directbet it was surely going in huge loss so them shutting down can be a valid reason. For rollindice i am not sure why they are shutting down maybe they don't have thw sufficient income from it or the more players are winning high amounts on their site

Maube they are no longer earning on it, may be few customers only. Gbling casinos were ppenty now and some offers more gamea other than dice. And with good records on systems and supports quality. Competition also maube the reason of shutting down. Who knows they might announved an ICO soon for relaunch also.

Dude, I want you to do us all a little favor. Next time when you are typing, type with open eyes! Reading your comment was a hell of a task. However, I got you. Any business is closed when the owner is suffering from loss. It is useless to beat a dead horse. Better to give up earlier before it's too late.

Wapfika

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Quote from: JL421 on August 27, 2017, 08:17:28 AM

It must be because of poor management in case of directbet it was surely going in huge loss so them shutting down can be a valid reason. For rollindice i am not sure why they are shutting down maybe they don't have thw sufficient income from it or the more players are winning high amounts on their site

Maube they are no longer earning on it, may be few customers only. Gbling casinos were ppenty now and some offers more gamea other than dice. And with good records on systems and supports quality. Competition also maube the reason of shutting down. Who knows they might announved an ICO soon for relaunch also.

JL421

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It must be because of poor management in case of directbet it was surely going in huge loss so them shutting down can be a valid reason. For rollindice i am not sure why they are shutting down maybe they don't have thw sufficient income from it or the more players are winning high amounts on their site

xuan87

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Yeah it is a shocking news as I know Rollin is one of the oldest dice sites which got a good reputation, but I think it closed because the competition between dice sites, there are so many dice sites keep on appearing and that makes gambler play in different dice sites and because there are no maximum bet amount, it makes the dice sites need to have a big bankroll

Caladonian

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So they selling their site now and not a totally closure another possible reason might be that they are changing business or they are really have enough with their earnings and wanted to enjoy without any hindrances along with them we can't say the actual reason by being just wishing for the best since we also seen them longer without any problem.

MinerHQ

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Quote from: maeusi on August 26, 2017, 04:03:17 PM

When reading between the lines, focusing to other projects is not the only reason to sell rollin.io. They seem to fear high rollers with not enough financial reserve.

What I know is all these popular gambling sites will have a pressure from most of the government agencies and who even can handle those pressure can survive for long otherwise either they will sell or close the site. Directbet was doing very good but the sudden surprise looks like not the money matter but some other strong reason to close the site.

LTU_btc

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I believe that there are multiple reasons why such gambling website closes.
First of all, as they said, their team want to continue to develop other projects which maybe can give higher profits.
Also, I think that they want to avoid regulations. Bitcoin gambling websites is anonymous in mostly cases and they don't ask users for their personal details. But it means that there are risk of tax fraud, and other similar stuff, which can result a block or closing of website.

BossMacko

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Aw, Rollin is one of the best dice site. Hope the one who will buy the site will be more productive and creative in marketing the site. anyway
rollin had their reasons why they want to sell that site. They want to focus on their other projects. Rollin community are good, admins are friendly including mods. goodluck rollin team

BigBoy89

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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.

It's called cost of doing business.

For example, directbet was On-Chain bookie, which mean they were paying TX fees on every bet.
And with this/current $6/transaction, they have 3 choices:

1. Transfer the cost to clients: this mean client to not get anything on a winning bet under 0.0015 and even then, this is hude -ev
2. Make a min bet of 0.1 for example and continue to cover the TX costs. But how many players are betting min. 0.1?!
3. Move to off-chain betting like the rest, re-writing their whole platform.
4. Close the site.

And so on.

Cacingkemi

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I've talked to the team of directbet regarding the cap of his site, He said there was another interest. In my mind maybe directbet there is a team problem that splits them into a mess.Because when directbet said it would close, michelle aka directdice time was not on for 6 days ,A long time, he is a very active cs at here.When I'm pm about to open again, directbet says there are no plans to reopen.
Rollin.io I think their users are reduced so they sell the site

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

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?

What happens is the strongest that will last. Gambling sites provide only a few percent for developers, they also have to deposit the profit to the owner. He does not work alone. Wink

just my opinion
Regards dude

Hydrogen

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With bitcoin reaching an all time high of $4,000+ its possible gambling sites are selling all of the btc they hold in reserve.

If I remember correctly directbet may have done this after btc reached $2,500.

Rather than sites closing from losing money, it could be that they're profiting they made from holding large amounts of btc over the long term & liquidating their reserves.

If Conor McGregor defeats Floyd Mayweather gambling sites will likely lose a lot of money though.

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When reading between the lines, focusing to other projects is not the only reason to sell rollin.io. They seem to fear high rollers with not enough financial reserve.

darkangel11

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Businesses come and go. Bitmixer also closed down for some vague reasons. They supposedly were offered a lot of money to sell the business and refused, who does that?
I'm guessing rollin got scared of possible money laundering charges, but that's just a speculation. They could've moved to a safe location and blocked US residents from accessing the site if they really wanted to. Maybe the competition was too fierce?

btcdevil

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Quote from: liuqi on August 26, 2017, 02:11:05 PM

Quote from: rivoke on August 26, 2017, 12:44:36 PM

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

For example : primedice team able to build another project named stake and primedice keep existing as well so it's depend on gambling site itself
Ofcourse handling gambling site is not easy as said although most people thinking that gambling site with great community feedback will last forever

US government take closed some of the gambling site involved with the bitcoin usage option. Apart from that as you said maintaining the any site operation is very hard to handle it. I think in future we may expect more gambling site which have the btc option.

Ya it is true that US government is taking a close look on all the sites which are operating in or from US , that is why i think directbet have closed down but some site without intimation run away with users funds but directbet did not done that and have settled everyone investment. Their main problem was transaction fees and delay in transaction confirmation this is what i think.

Kemarit

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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.

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

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?

I think its really profitable to the owner. However, if a high roller comes along big and won big, then there are times that you will have negative on your end. I'm guessing that they are now break-even and before their capital can be emptied, they are not getting out. And the remaining funds they have will be diverted to other projects as they mentioned. I don't see any other reason for the owners to really closed this trusted site other than high rollers emptying their wallets.

Quote from: Rollin.io on August 24, 2017, 04:47:43 AM

Due to the other projects we have, we cannot afford to risk our current bankroll with high rollers;

With a self-funded casino like them, its really hard to maintain profit when person or group or persons spends large amount of bitcoin to play and then ran away when winning big in the case of Rollin.

liuqi

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Quote from: rivoke on August 26, 2017, 12:44:36 PM

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

For example : primedice team able to build another project named stake and primedice keep existing as well so it's depend on gambling site itself
Ofcourse handling gambling site is not easy as said although most people thinking that gambling site with great community feedback will last forever

US government take closed some of the gambling site involved with the bitcoin usage option. Apart from that as you said maintaining the any site operation is very hard to handle it. I think in future we may expect more gambling site which have the btc option.

Baofeng

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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 think its really the losses that they have incurred in the last few months. Otherwise, I don't other reasons that they give. Although I think that self-funded casino's without investors would also contribute to them closing. They don't have a full backup the way I see as compared to other casino's. Even bitdice and Betking are opening up ICO's to really attract good investors of course to make the business more sustainable. But as in Rollio.io case, they are self-funded and one big whalers can swept all their earning causing them to shut it down.

Well, when one closes, another opportunity opens, so I'm guessing that new casino's will pop up and replace the void that Rollio has left.

roadbits

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Quote from: serjent05 on August 26, 2017, 12:56:55 PM

Quote from: ralle14 on August 26, 2017, 12:09:57 PM

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.

Which gambling site made directbet shut their business down? We don't know what projects they're up to there could be more reasons why they want to sell the casino to.

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

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?

I think they're losing interest in running the site or having problems in real life that they have no time at all to manage the casino.
It does give a big profit to the owner and investors when there's a lot of btc wagered daily.

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

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?

Maybe they found a better investment project where profits are higher than running a casino and the risks are much lower.

Pretty much the same thing in my mind. Owners are selling their site after building up reputation for profit. Developers are developing stuff for profit so if they find another more profitable venture they they will gladly sell their developed site even though it is giving them regular profit to fund their upcoming venture which in their feasibility study is more profitable than the previous one.

I think Directbet site most reputed and well trusted site for sports betting. Most of the sports gamblers stopped playing sports betting after shutting down this site. But why they closed this is still a big question, and there is proper answer for this questions. All answers what we got it's just guessing. And Rollins also old and trusted the site but why they took this decision don't know. They only respond to this question.

serjent05

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Quote from: ralle14 on August 26, 2017, 12:09:57 PM

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.

Which gambling site made directbet shut their business down? We don't know what projects they're up to there could be more reasons why they want to sell the casino to.

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

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?

I think they're losing interest in running the site or having problems in real life that they have no time at all to manage the casino.
It does give a big profit to the owner and investors when there's a lot of btc wagered daily.

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

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?

Maybe they found a better investment project where profits are higher than running a casino and the risks are much lower.

Pretty much the same thing in my mind. Owners are selling their site after building up reputation for profit. Developers are developing stuff for profit so if they find another more profitable venture they they will gladly sell their developed site even though it is giving them regular profit to fund their upcoming venture which in their feasibility study is more profitable than the previous one.

rivoke

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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

For example : primedice team able to build another project named stake and primedice keep existing as well so it's depend on gambling site itself
Ofcourse handling gambling site is not easy as said although most people thinking that gambling site with great community feedback will last forever

bering

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Leading Crypto Sports Betting & Casino Platform

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

ralle14

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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.

Which gambling site made directbet shut their business down? We don't know what projects they're up to there could be more reasons why they want to sell the casino to.

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

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?

I think they're losing interest in running the site or having problems in real life that they have no time at all to manage the casino.
It does give a big profit to the owner and investors when there's a lot of btc wagered daily.

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

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?

Maybe they found a better investment project where profits are higher than running a casino and the risks are much lower.

sportbettor

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I think that due to the lack of user identification and, consequently, the loss of control over the players, such sites suffer losses. This situation is sure to be used by scammers who earn money in arbitration situations and contractual matches.

hahay

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Leading Crypto Sports Betting & Casino Platform

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.

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