Is something big happening behind the scenes that no one is talking about? - page 3.

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Quote from: piebeyb on April 27, 2023, 04:02:24 AM

In the end people will continue to gamble at Stake because they are a big casino from a reputation, so reducing bonuses or removing important features is no problem with that everyone will continue to gamble because they will feel safe and comfortable in this casino

Normally gamblers want stable well-reputed casino which will pay their winnings properly without any issues. Real gamblers don't really care about bonuses. Of course, everyone likes freebies. But, this is not the main preference for real gamblers. When you play at unnamed casinos, they always trouble big players with their winnings. So, I don't think real gamblers will move to unnamed casinos for bonuses only.

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I don't think people will complain about the bonuses or take away the good features, they will still play there because that's not what brought them here to play except the great reputation and age of the casino. the older, the more gamblers who actively play gambling.

I won't say you are completely correct. Because I have seen players write negative reviews against a casino just because they were not satisfied with the bonus provided by the casino. I won't say they are real gamblers. They are typical bonus hunter.

wxa7115

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Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

This is odd, stake is one of the most successful casinos out there, so I cannot imagine they are facing that kind of trouble when they have made a fortune over the years with their casino.

However I think many of us thought the same about some other businesses which ended up crashing during the previous year, so if I were to guess maybe there was some sort of mismanagement which could have forced stake into this difficult situation, but until things get clearer then this is nothing but a rumor, but just as a precaution maybe those using stake to gamble should withdraw their money out of the platform just to be safe.

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Quote from: Furious 7 on April 27, 2023, 05:19:34 PM

I think this is a form of anticipation from several big casinos where there has been chaos everywhere from an economic standpoint, especially with the ongoing inflation.
This could be an anticipation that gamblers will still benefit, even though in this case it is smaller than before, but this is understandable because they have also definitely adjusted to the conditions that occur because they are also a businessman who will definitely be affected by this.
On the other hand, I personally don't really mind this because the bonuses and rakeback are just another consolation, of course. If there is for that then indeed that is a good thing but if there is not then I don't really have a problem with that because in terms of the initial bonus and rakeback it is clear that it is not much compared to the initial capital of course even though there is a return from there but indeed my focus is still in gambling with my own capital in my balance.

Rakebacks and bonuses arent really something that sparks out that much when it comes to peoples interest to play even further just to get these things considering that amount given wont really be that much for us to be minding on. This is why most of us would really be just not be putting that much attention into these stuffs because these arent something that we should be minding on in the first place.
About cuts and removals of some offering or whatsoever in correlation with bonuses then we cant really be able to make out conclusions that they are really that in the verge of being bankrupt but it would be
understandable when we do speak about cost-cutting.

We know that any business or companies are really that prone into these stuff or simply with the risks because we cant really be staying up to be profitable forever or generating that revenue over the years.
There would be times that numbers are less and there are things which are needed to be cut to continue on operation and us users would be the one to decide whether we would
be staying or not if we do see up these changes or not.

Furious 7

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I think this is a form of anticipation from several big casinos where there has been chaos everywhere from an economic standpoint, especially with the ongoing inflation.
This could be an anticipation that gamblers will still benefit, even though in this case it is smaller than before, but this is understandable because they have also definitely adjusted to the conditions that occur because they are also a businessman who will definitely be affected by this.
On the other hand, I personally don't really mind this because the bonuses and rakeback are just another consolation, of course. If there is for that then indeed that is a good thing but if there is not then I don't really have a problem with that because in terms of the initial bonus and rakeback it is clear that it is not much compared to the initial capital of course even though there is a return from there but indeed my focus is still in gambling with my own capital in my balance.

Hispo

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Quote from: QueenVera on April 27, 2023, 07:46:48 AM

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

I don't think it is completely fair comparison to put online casinos and a giant as Amazon side to side, but anyways.
I would rather to assume Amazon has fired people, so have other companies like Meta and Microsoft, because the way the economy decelerated some months ago and people were afraid of a recession. There is still some path to be walked until Artificial Intelligence can become a reliable tool for those big companies, to the point they can replace so many human beings in their lines of production and development.

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Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

It's either business is not doing good, so obviously they have to cut their losses right now. And we all know what is going on globally though, there is still the treat of the war in Europe, world wide recession, banking collapses, inflation etc. etc. So this could be the domino effect of it, major businesses shutting down or leading some of their promotion on hold.

Nevertheless, I do believed that this is just temporary, remember that even in the heart of Covid-19, this gambling sites are making money. We all know that crypto gambling is a billion dollar businesses, it's a niche market, competitions are tough and maybe some of them can't cope up with others. But for sure, there will be more promotions to attract gamblers to their platform and it's going to be a aggressive more for those crypto based gamblers.

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Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

I think it is just business as usual. Profit goes over everything and it does not matter how bad things seem to get, as long as the customer base does not start complaining too much and just accept it, all businesses (not only online gambling casinos) will try to cut corners and save up on some money. Gamblers for example are quietly accepting the lower bonuses without much of a fuss, so why should the casino not lower the advertisement cost for that particular marketing campaign? Because that is what bonuses are to the casinos - a marketing campaign to keep people using their services.

It is not their fault. The people are just getting too complacent and lame for their own good.

Once people start shifting to other casinos with better bonuses in larger groups, you will notice bonuses start to improve, in an attempt to retain customers.

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Quote from: QueenVera on April 27, 2023, 07:46:48 AM

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

This is probably another good reason, with the rise of Ai in the workforce that has pretty much, been dominated by humans, it is very possible that alot of human are likely to go jobless, this further validate the saying that great things come are a great cost, it's a pity to those that Ai will cost them their job.

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I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

I think most people are yet to understand how this bonus thing works, based on how I understand this work, casinos (not just stake) usually have a fixed amount to be shared to their users as bonus, the number of users taking part in the bonus sharing, will determine how much each user receives, coupled with how much the user wagered in the last month - I believe this is simply to understand.

QueenVera

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Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

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Interesting points but I don't think it has anything to do with regulations per se.

Mainly, because this type of thing is common with every casino. Start off with high bonus, end up with almost no bonus. They got what they want from marketing and don't need the big promos anymore.

Secondly Stake is always kind of shady, they do a lot of fake influencer promos, and the "bonus" is quite bad. If they are being investigated it's because of that.

Thirdly, I don't see promos being lowered at more reputable casinos or at least the ones with proper license. Still getting very good promos and rewards at my favorites

PaperWallet

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OP I can't answer your question for sure, but I must think about something that happened recently in Curacao, on the 14th of last march, that concerns their casinos, and that never happened before (from the legal side). I talked about it here: https://bitcointalksearch.org/topic/fortunejackcom-ongoing-lawsuit-120k-usd-stolen-shady-practices-5449674

Maybe there's a logical connection between the decision on the 14th of march and what's happening now, chronologically seems coherent.

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Quote from: klidex on April 27, 2023, 03:51:11 AM

Quote from: JooBra on April 27, 2023, 03:44:24 AM

Quote from: rodskee on April 27, 2023, 03:28:09 AM

Quote from: rhomelmabini on April 27, 2023, 12:06:09 AM

Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

I agree with your statement that any situation that happens to the US bank or market even a bad economic situation but cryptocurrencies and gambling will always recover quickly, especially gambling will recover quickly.
Because gambling is one of the strongest businesses in the world, it has been recognized that this business has a quick income to recover from any situation.
We can also take another example when the covid pandemic was at a time when the economic situation was bad but cryptocurrency bitcoin price actually reached its highest in 2021.
So I tell the truth that any difficult situation crypto and gambling will be the first business to recover.

Let's be optimistic that it will be that way because during the pandemic even if the economy is collapsing the gambling industry is still ongoing and getting stronger. I don't know if that will be the same this time though but I'm not losing any hope that anything related to banks failing are good for crypto as a whole.

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Quote from: bitbollo on April 27, 2023, 04:28:31 AM

these are probably also marketing choices not only linked to the political/economic condition.
After they have conquered a certain piece of the market share, some sites know very well that it is useless to continue investing as in the early days and decide to slow down their activities.
Surely there will also be other reasons behind it, but a "gold rush" has probably ended.

This would be the mildest thing that could happen but I can see it what you mean. I'm afraid that sometimes those even mild events make cascade events that make other bad things happen and so on. We are globally in tricky situation and every change has bigger effects than it should.

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these are probably also marketing choices not only linked to the political/economic condition.
After they have conquered a certain piece of the market share, some sites know very well that it is useless to continue investing as in the early days and decide to slow down their activities.
Surely there will also be other reasons behind it, but a "gold rush" has probably ended.

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Quote from: Get-Paid.com on April 24, 2023, 05:21:48 AM

Quote from: benalexis12 on April 23, 2023, 11:30:48 PM

As far as I can see, there is nothing wrong with the stakes

The issue is not with Stake itself specifically or with their site, they keep on having promos, and they pay users promptly, nothing's wrong with that... you can just see a decrease in the bonuses, and some other costs, BCgame cutting the Rakeback likewise is not a good thing, but sites like theirs have to cut some bonuses - the main question in this thread is why?

A coincidence with some other big crypto event? Or just profits? Or something else?

That's the main question here, that's the reason this topic was created.

- well, it's not that I'm copying your answer, it's different because if you approach someone who already has experience
in the bitcoin industry it was an advantage already.

Because no matter how much knowledge a person has, if he has no experience on how to make money in the field of bitcoin business,
someone with experience can still beat him. Because through experience it teaches us knowledge about bitcoin or cryptocurrency actually.

SirJohnVonSlotty

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Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

If there's an industry that is recession proof, then that's pharma, adult and gambling. Just check out the gambling industry during the past 5 years, while others were struggling, the online gambling industry had some of the highest ATH quarters ever.

But regarding your question, changing your bonus structure is an essential (and common) change managers do when re-hauling their operation, since bonus cost are one of your highest expenses. People usually think that bonus money is just an invented number that doesn't cost the casino anything, but that's far from the truth.

Curacao is still operating as usual, and no major changes happened since the additional push they had in January this year.

piebeyb

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Quote from: Learn Bitcoin on April 27, 2023, 12:59:25 AM

The casino industry is smaller than you think. You will see a couple of casinos operating from the same ownership or the same companies. Sometimes, casinos develop new domains and websites, hoping that users will try out their websites. I don't see any other reasons a company would establish multiple gambling websites with the same games and providers. If you talk about cutting off some offers, it is because of the same reason. As a user, You don't have many good options to gamble.

Surely you don't want to gamble in a casino with a bad reputation. So, If a reputable casino cuts off some good features, you will still play at that casino because you don't have good options. No matter if Stake removes their promotions, their users won't play at 1xcrap for sure. People care about their money and casino reputation.

In the end people will continue to gamble at Stake because they are a big casino from a reputation, so reducing bonuses or removing important features is no problem with that everyone will continue to gamble because they will feel safe and comfortable in this casino, after all what for looking for a bonus if playing in a small casino or new casino that is not reputable and prone to fraud then losing a lot of money there is more risky than playing in a casino that has been trusted for a long time,

I don't think people will complain about the bonuses or take away the good features, they will still play there because that's not what brought them here to play except the great reputation and age of the casino. the older, the more gamblers who actively play gambling.

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Quote from: JooBra on April 27, 2023, 03:44:24 AM

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

That's because crypto is now part of the economy so whatever happens to the government and banks, it will affect crypto even if it doesn't have a big impact. But even though crypto is getting impacted by what is happening to the economy in many countries, it is only temporary and crypto will recover.

It's been happening since a few years ago. And when crypto can still survive until now and even crypto can get even bigger. And we shouldn't worry too much about this because gambling and crypto may be related, even if it's not very clear.

klidex

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Quote from: JooBra on April 27, 2023, 03:44:24 AM

Quote from: rodskee on April 27, 2023, 03:28:09 AM

Quote from: rhomelmabini on April 27, 2023, 12:06:09 AM

Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

I agree with your statement that any situation that happens to the US bank or market even a bad economic situation but cryptocurrencies and gambling will always recover quickly, especially gambling will recover quickly.
Because gambling is one of the strongest businesses in the world, it has been recognized that this business has a quick income to recover from any situation.
We can also take another example when the covid pandemic was at a time when the economic situation was bad but cryptocurrency bitcoin price actually reached its highest in 2021.
So I tell the truth that any difficult situation crypto and gambling will be the first business to recover.

JooBra

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Quote from: rodskee on April 27, 2023, 03:28:09 AM

Quote from: rhomelmabini on April 27, 2023, 12:06:09 AM

Quote from: Get-Paid.com on April 22, 2023, 05:10:32 PM

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

Topic: Is something big happening behind the scenes that no one is talking about? - page 3. (Read 960 times)