Topic: Is something big happening behind the scenes that no one is talking about? (Read 960 times)

The casinos have something very clear, they know that through bonuses and Promotions they Manage to attract players and that is something that is respected , this strategy has worked over time , it has always happened , but as far as I am concerned when we take those bonuses we have to read the Conditions very well or because it can play against us, it makes us play much more, and the longer we play at least it makes me lose and it is not Something viable , I think that this type of thing can be seen as one of the strategies that many no-cat players take them , and even like them , but I think that many of us here in the forum know everything that this Attracts.

People who think they can earn fast money by gambling will feel that it will never be easy to get because gambling is just a game we cannot win easily. We will lose more often than win so they should have thought a lot before they started gambling. And they should also be able to think realistically that gambling is only part of the fun and cannot be used to make money. If only more people could think like that, the number of people who lose money or even become addicted to gambling could be reduced. But sadly, it's not as good as the reality.

I have Followed many people who are influential , I have followed their advice and it has not gone well for me, so it is Better that we ourselves always do the Research that suits us , but from another who is an influencer I will not let myself be Dazzled again because they can say or do things because they were already paid to do it , so I don't Believe this type of thing Anymore , in casino games we have to be Aware of what we do and not so much of what we do but also of what we are Going to Spend.

Casinos are businesses that must run continually, so we can't always expect them to satisfy our wants to earn and make money from them, particularly through bonuses and promotions that they are offering. In the event that they realize they are losing capital, they could reduce expenditure and staff.
Casinos won't let anything that might be detrimental to or negatively impact their business. Because we can't always rely on promotions, our only option is to gamble responsibly and save aside enough money to do so, whether or not there are incentives or not.

You can achieve this thru experience since you can learn a lot of lesson from your own experience. But id you are a complete newbie and just learn about this from social media influencers or see it on ads stating that you can earn fast money by gambling then provably your expectation is so high and you provably became greedy since that's what people told you. It still good to expect but don't over extend your expectation where it became unrealistic since this could harm us so bad.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

No one heard of the global financial crisis of 2008 until it happened. In fact, bankers and political officials shouted that "everything will be ok!", that "everything is under control! don't take your money out of bank stocks!" and that "the economy and banks are thriving!"...and then suddenly, VAMOOSE. All the money disappeared in a matter of days, and the whole system collapsed. If it weren't for government bailouts, then the global economy would have been greatly effected by what had happened. Statistics (like banking reports) can be faked. You might see a thriving casino industry, however I see a facade that will soon unfold.

The difference between casinos and this situation, is that there is no governing body to bailout the casinos. Once a big event happens and players are scared even to make a deposit into a casino, then all activity will stop and casinos will be no more. Until then, casinos will shoot themselves in the foot by continuing to use their terms of service to steal from players and they will continue to scare them away from even touching casinos.

The only casinos that have a chance of surviving are web3 casinos that are built on smart contracts, have provably random games and do not use gaming providers. These will take time to become truly decentralized - being, not just a "wallet connect" function to give the guise of web3, but actually operating as it as described.

Otherwise, there is no doubt that the cryptocurrency casino industry as we know it will fail at some stage soon.

Oh, and old-time casinos are working fine? Not true. Many "old-time" casinos, like Stake, are locking players unnecessarily...a thread from another user showed that almost every established casino now have a KYC policy, meaning that players are always at risk of having their accounts locked. With recent cases, there's a chance that even successful verification will not unlock the accounts. This is not going to stop, it will continue.

As for licenses, these are useless and always have been. They are nothing more than a label. You can buy one for a tidy sum and run a shady casino, it's no secret. Curacao are under fire for enabling this and soon a reform will happen that will strip a lot of the current casinos of there licenses, which will lead to excuses as to why many casinos will scam and close across the board.

On the contrary, I have a different view on the general direction of the development of the gambling industry.  It seems to me that everything is in order in this area and development is going well.  Old time-tested casinos are working successfully.  We do not hear about any global collapse of the casino.  Even if they are, they do not have a significant impact on the entire industry. 

Here’s what I agree with you, it’s the negative from the widespread introduction of the KYC verification procedure in crypto casinos.  Especially when the casino does this, if the player is going to withdraw a big win from his deposit.  This practice certainly spoils the overall joyful and cheerful atmosphere of this sector of online entertainment.  But, alas, the requirements of laws and regulators and casinos are now obliged to comply with them.  Otherwise, casinos will be deprived of licenses and, in general, of their entire successful business. 
But overall, I don't see the gambling industry stagnating.

The collapse of the cryptocurrency gaming sector has been ongoing for months, maybe years. This is evident by the ridiculous clauses added to their terms of service that have made many players victim to "your account is locked, provide kyc", and in some recent cases, even after kyc is provided, the funds still are not released.

There is also the possibility of hacks. These casinos will not disclose when they are hacked...and when they are, they will only lose a small portion not worth disclosing. If this happens over and over again, they might not go out of business (as they are still winning from players and resorting to tactics like kyc to profit from closing accounts) but eventually, the operation is barely profitable and eventually cutting things like rakeback and bonuses are the next option to reduce costs to be able to continue operating.

I expect a lot of publicity for casino scamming coming soon. I expect the collapse of the gaming industry as well. The fact is, you can use a lot of other decentralized platforms to do things like leverage/margin trading where you have higher upside potential with the added risk that equates to gambling. I believe that leverage/margin trading has taken a big chunk of cryptocurrency gambling, and will continue to.

That is also what I've scared the most, like there are new casinos that have good bonuses and you are tempted to deposit on them and play on them, but when you try to withdraw your account, it gets held immediately or gets banned without any reason. If you contact the support, either they will say you violated the terms even if you haven't, or they will not respond at all. That is why it is better to stay at an old and established casino, but if you are really eager to play at a new casino, be cautious and find reviews on it.

One thing I know that is constant in life is change, even for those who gamble more frequently and probably have their eyes on the monthly bonus they earn from the casino. It is very important that they understand that things won't remain the same forever, a time will surely come when the casino might have to adjust and readjust the amount of money they give out in bonuses, probably due to more new users joining and also partaking in the bonus system.
So this is something to expect so it does come as surprise to anyone.

I think it is within the standards of casinos to make adjustments at regular interval just like any physical business it annual take home to make adjustments on the revenue generations and expenditures of the casino after every budget year cycle and for that to happen, sometimes the casino doesn't need to make any public announcement to their players before doing so and if all things have been equal some hints may be anyways ways.

I also don't know how to connect fixing a bug to earn profits from gambler but I guess he thinks about the losing trust of gamblers in playing in a casino that has some bugs? Established casino will have no problems in taking new gamblers in their casino, Maybe they reach the point that gamblers are the one come to them because of the trust that they built for a long time. I guess we can speculate that they are not getting much profit on their casino anymore or the bonuses is what causing them in getting lower estimated revenue. There are a lot of possible reason because they didn't disclose it to the public. 

I don't understand how they can earn more money from gamblers if they fix the bugs on their platform. It is obviously true that they are cutting costs because they are definitely facing some economic crisis and aren't getting enough revenue to sustain their platform the way they could but these things are temporary for casino businesses as they earn pretty good most of the times.

And they obviously also can run their casino the way they like and can always change their terms and conditions and bonuses as per their will and budget without notifying their players though I feel they should let players know of any change.

Yes, this is a form of mutual benefit that casinos provide to every gambler who becomes their customer.
Casinos provide bonus promotions to each customer by spending a certain amount of budget and here customers can experience a number of bonuses for them to have fun but on the other hand customers can also become loyal customers so that casinos have customers every long term who will always deposit some money all the time will gamble.
There are lots of efforts that casinos make so that customers can get satisfaction but on the other hand casinos can also have a number of advantages at any time.

Every business has to go through hard times, and they eventually need to make some changes in between sometimes before them becoming successful, and sometimes even after getting successful, they suffer from an economic crisis and start finding ways to cut costs so that they can sustain their business and don't have to close down.

When it comes to casino businesses, they have a lot of costs so they obviously will need to make adjustments if they find themselves getting into trouble because of earning less revenue than before, and that probably is what's happening with these platforms that are cutting bonuses.

no that is the essence of sun casino gambling platform giving out bonus is for attraction to bring people close to their platform and that is one of the things that affect them because they don't know exactly the particular group or individual they will be given a bonus for so any casino platform that does not reward each players with bonuses they're always lose customers or like customers will patronize their games

Is like many if these casinos are spending more than they can chew and for this reason they can decide to lower the rate of bonus they are giving out to there loyal customers which is not a bad idea. They may be trying hard to make sure that they fix some bugs in there platform to make sure they make more money from gamblers. They can decide to operate there casino any way they likes.