Is something big happening behind the scenes that no one is talking about? - page 4.

rodskee

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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 .

tusandii

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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.

The US market has not been friendly to cryptocurrencies for a while and it even seems that in the future there will be bigger fluctuations affecting cryptocurrencies but this is just a guess and we have no idea how cryptocurrencies will be in the future.
Several problems have occurred and even really affected the crypto market, so far crypto has been able to survive and has not experienced any major problems.
For crypto-based gambling, I hope that what you convey will not actually happen because it can affect the operations of the crypto gambling industry itself.
My hope is that the gambling industry will continue to do well without any problems with the US in the future.

Outhue

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There is no business that does well in a recession, the offline or online recession is capable of affecting every business, and the best way to limit their cost is by letting some workers go, it happens in every recession period, jobs will be open once the recession is over.

@LearnBitcoin, what makes you think that the casino industry is smaller? I don't believe this, have you ever been to Macao? Or Las Vegas? Those people can fund a whole nation with the money they making from Casino gambling.

I have once heard that those Casinos are functioning because they are beneficial to the government in each countries, the government can easily get rid of all Casinos but the benefit of Casinos in a country is very big and only limited people knows this.

You can never find any information about how much these casino are paying the government, just to run their businesses in the country, believe me they are paying a lot.

Learn Bitcoin

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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.

rhomelmabini

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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.

TheGreatPython

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Quote from: Fivestar4everMVP on April 25, 2023, 03:37:19 PM

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

Is anyone else feeling like something is wrong here?

Well, I honestly do not feel like anything wrong, and this is for sure because, I know nothing about all the stuffs you mentioned in the op that is going on.
I gamble on stake like one of two times in a week, or even more in some weeks when I really feel like gambling, but I must admit I've not really paid any attention to their bonus structure, so I honestly did not notice if it got reduced or not.

One thing that is constant in live is change, things must not remain the same, at some point, some things are supposed to change so as to adapt to the changing world and economy we live and operate in, so I am not surprised if all you said is true.

It's basically all just assumptions about the events that unfolded at the same time. Though I agree that change is important in life or even in businesses to bring in variety to attract more customers, when a gambling platform reduces the bonuses it used to give to its players before, that definitely will catch the attention of the community of gamblers.

Only they know the reason behind what they did, whether it's about cutting costs or allocating funds to something else, or it has something to do with their license and whatever, we don't know the truth yet.

slapper

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Quote from: Hamphser on April 25, 2023, 04:23:20 PM

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?

There's nothing wrong actually and yes, this industry is getting bigger and if we do look around on how many gambling sites that we do have as of today then it isnt something shocking that there would be sites or companies which would come and go and just like that typical stuff that you might be profitable today but it would be non profitable tomorrow and it all matters or depends about recognition and popularity.

If we do see some cutting off cost and removing some features or bonuses then its obviously that they arent making that much better profits to sustain those expenses or marketing which is a usual stuff.

It would be not a shocking thing if they would be announcing in closing up their doors but not for now, they do even still have that active marketing and the number of players isnt something
that would pertain on closing up in short period of time but if it would really be decreasing drastically then we do know on whats next.

Gambling industry? It's like spinning roulette, folks – the ball's destination? Unpredictable! Sites and businesses? They're mushrooming like a fantastic firework show. One thing's certain: it's booming, bigly! On cost-cutting and axing bonuses? Look, in business, you gotta invest to win big. But if profits vanish, pulling back is common sense, right? But get this: successful gambling giants defy norms, showering players with bonuses, rewards – it's a high-stakes poker game, knowing when to hold or fold.

Ultimately, it's about reading your players' desires, delivering while pocketing profits. So let's make gambling great with a touch of unpredictability

Hamphser

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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?

There's nothing wrong actually and yes, this industry is getting bigger and if we do look around on how many gambling sites that we do have as of today then it isnt something shocking that there would be sites or companies which would come and go and just like that typical stuff that you might be profitable today but it would be non profitable tomorrow and it all matters or depends about recognition and popularity.

If we do see some cutting off cost and removing some features or bonuses then its obviously that they arent making that much better profits to sustain those expenses or marketing which is a usual stuff.

It would be not a shocking thing if they would be announcing in closing up their doors but not for now, they do even still have that active marketing and the number of players isnt something
that would pertain on closing up in short period of time but if it would really be decreasing drastically then we do know on whats next.

Fivestar4everMVP

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

Is anyone else feeling like something is wrong here?

Well, I honestly do not feel like anything wrong, and this is for sure because, I know nothing about all the stuffs you mentioned in the op that is going on.
I gamble on stake like one of two times in a week, or even more in some weeks when I really feel like gambling, but I must admit I've not really paid any attention to their bonus structure, so I honestly did not notice if it got reduced or not.

One thing that is constant in live is change, things must not remain the same, at some point, some things are supposed to change so as to adapt to the changing world and economy we live and operate in, so I am not surprised if all you said is true.

jostorres

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Quote from: Mahdirakib on April 24, 2023, 02:42:26 PM

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

~snip~ 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?

Most of the casinos are changing their bonuses and promotions on time to time. The changes are getting a lot of attention when it is happening in a popular casino (like: Stake, BC.game). Whatever, I think these changes have no connection with Curacao license. Stake and BC.game are continuously making sponsorships deal with different sports team and players. They are saving some profits by modifying the bonuses, then they are spending those on sponsorship deal to promote their website.

I don't really think that can be the reason for platforms to cut down bonuses since they already earn good enough to have a dedicated budget for bonuses and sponsorships separately and they shouldn't cut down bonuses only to have enough funding for the other purpose. Besides, they also gain a lot of profit due to the sponsorships that they do.

I'm not saying that it has anything to do with Curacao licensing firms that have assigned licenses to these casinos, but there are also chances that it does have something to do with that, or there could be some other reason too.

YOSHIE

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

Is anyone else feeling like something is wrong here?

Whatever happens doesn't happen directly like closing one's eyes, it takes certain processes and factors, be it for the online casino business or other things.

However, I have read and seen published news about a decline in turnover for the gambling industry.
Example:
Analyst predicts Las Vegas Strip headed for a revenue decline in 2023

Quote

“The market is far above pre-pandemic revenue levels. But when you take into consideration the headwinds that are starting to play out, we got to a point where we said, ‘there’s more downside here than upside,'” Mansfield said in an interview.

Even if Fitch’s predicted 10 percent gaming revenue decline takes place, Mansfield said the casino operators “are still making plenty of money.” Gaming companies have greatly reduced their margins – profits generated after accounting for costs – over the past year.

This phenomenon has been felt by the gambling industry one year ago, maybe now it is only now that the real impact is visible for the gambling industry in general.

What is clear is that the quote above already shows a negative impact on online casinos, whether what happened to the Stake and BCgame gambling sites, had something to do with the news I saw above or other factors, but my analysis says so.
Based on my understanding, what happened to BCgame and Stake casino, to eliminate some of the bonus parts in general, was a bitter decision but had to be made by the gambling team/parties.

Yatsan

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Quote from: TheGreatPython on April 25, 2023, 11:22:23 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, their policy is that they can change it anytime, no gambler can complain about that, and you don't seem to know that. In addition to that, it seems that what Stakes did was also okay because instead of removing the bonus for their qualified gamblers on their gambling platform, they still kept it even though they knew that the allocation they had for that had decreased. Therefore, they still really prioritize their community gamblers to be honest. But this was just my thoughts and opinion only.

You clearly didn't understand what the thread is basically about, it's not just about Stake, but it's about all the casinos and their licensing authority since there is news in circulation that the authorities are investigating the licensing firm and at the same time, casinos are cutting down bonuses and there might be some relation between the two events.

But it's all assumptions and no one really knows what's the case. Of course, casinos can change their policies any time they want by informing their customers about it, but a sudden change of bonuses will surely raise questions among the community.

But that's the point already regardless of the actual reason we know nothing about; a casino could make changes if for them such decision would contribute to overall growth of the casino. Whether their reason has something to do with existing issues, we won't know unless they tell us. But Licensure of gambling sutes, as far as I know, depends on the executives of platforms. On many countries, gambling platforms are accessible especially with the help of cryptocurrencies. I do get the point; changes could be alarming to players who got used to such offer but as players we do have options to take; wherein to stay or not. That's just how simple things work. Creating or supporting FOMOs on the ither hand won't work either.

TheGreatPython

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

As far as I can see, there is nothing wrong with the stakes, their policy is that they can change it anytime, no gambler can complain about that, and you don't seem to know that. In addition to that, it seems that what Stakes did was also okay because instead of removing the bonus for their qualified gamblers on their gambling platform, they still kept it even though they knew that the allocation they had for that had decreased. Therefore, they still really prioritize their community gamblers to be honest. But this was just my thoughts and opinion only.

You clearly didn't understand what the thread is basically about, it's not just about Stake, but it's about all the casinos and their licensing authority since there is news in circulation that the authorities are investigating the licensing firm and at the same time, casinos are cutting down bonuses and there might be some relation between the two events.

But it's all assumptions and no one really knows what's the case. Of course, casinos can change their policies any time they want by informing their customers about it, but a sudden change of bonuses will surely raise questions among the community.

Desmong

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Since the introduction of AI, somethings had been happening which on a normal days cam not be happening at this time. Many sites now are balancing there expenses and switching to AI to make work easier for them and for a better alternative. All these happening will continue and we may be left with nothing at all for us to consider again.

Hispo

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Keeping in mind that casinos are supposed to be businesses which are intended to generate income and also that income directly depends on the loose money gamblers can have, then it would make sense if in this scenario where people from all around the world are facing economical problems that casinos tried to cut some expenses as a result of people wagering less money than before.

Less money in the pockets of gamblers could also be translated to less money in the safes of casinos.

I am confident this may be just a temporary meassure and when economy does better, there will be some adjustments to increase bonuses.

Mahdirakib

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

~snip~ 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?

Most of the casinos are changing their bonuses and promotions on time to time. The changes are getting a lot of attention when it is happening in a popular casino (like: Stake, BC.game). Whatever, I think these changes have no connection with Curacao license. Stake and BC.game are continuously making sponsorships deal with different sports team and players. They are saving some profits by modifying the bonuses, then they are spending those on sponsorship deal to promote their website.

Webetcoins

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Quote from: slapper on April 23, 2023, 06:51:54 PM

Feeling jittery about the crypto gambling roller coaster? Totally normal! But remember, even the best businesses must make huge, strategic moves to stay on top and rake in the profits. Could be fierce competition, market shifts, or bracing for financial storms – who knows? And Binance? Hard to say, folks. But a smart move? Diversify those investments – don't put all your eggs in one basket. Whatever's going on backstage, let's keep supporting stellar casinos like Stake. Their dedication to openness and fairness? Unmatched. Absolutely incredible!

Well, it isn't really normal if the casinos are cutting down bonuses all of a sudden and there is news circulating that the casino licensing firms are being investigated for money laundering and other illegal activities. If there is something bad found against any of the casinos, I'm afraid that will affect the whole crypto gambling industry and not that specific casino.

Gamblers who only just gamble on these platforms have nothing much to worry about as even if something goes wrong, all they need to do is wait until there is some other platform that they can use for their gambling activities, but those who might be holding tokens for some of the casinos should actually get rid of them as soon as possible to avoid any losses if things get out of hand.

piebeyb

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Quote from: xSkylarx on April 24, 2023, 06:43:36 AM

For sure, one of the reasons for this is because of the inflation or recession in the world. Casinos are not exempt from this, but we really don't know the real reason behind it. But for sure, they just cut losses to give way to another event. or there is a decline in the profit at a specific casino, and if they do not cut the cost for sure, they go bankrupt.

you are right, that inflation and recession will not have an impact on casinos even much worse online casinos are getting more and more visited even very famous and increasing during covid a few years ago, I think this is just a matter of limiting the budget or there are other events that will be held by parties casino, we also cannot conclude anything without correct clarification, sometimes the casino will provide any clarification regarding their budget if there is indeed a bonus deduction for some reason

After all, not many gamblers come to play just because of the bonus, those who are used to gambling think that bonuses are just side prizes, nothing more. Yes, because their bonus money cannot be disbursed either and most of it is used again for gambling. so why do we need to talk about this Cheesy

Yogee

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They planted some seeds though their bonuses and other promotions so they probably decided to stop that and focus on reaping the rewards. You'll probably see these casinos with new offers during the next "planting season".

Cutting costs is sensible if they fear of the economic downturn but we've seen how online gambling grew during the pandemic so that reason is still questionable.
I also don't think the investigations have anything to do with trimming down on promotions. Why should they focus on that when they have a bigger problem to face if Curacao is found guilty of aiding money laundering?

Saisher

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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"... "

Casinos online and offline always do that from time to time but they always come out with a new set of bonuses, it depends on the season but when there is a season where gamblers are likely to have money coming casinos will lure them by giving bonuses and casinos

Quote

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 they are under investigation but that's all the news coming out there is still no rulings so there is no need to panic, it's not something hidden when there's something big is happening, this is a piece of fresh news and the media will monitor and take this story to verify it in a coming days

Quote

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?

Until there is verified news on all of this we are just speculating, I don't think stable casinos like Stake will just cut costs because they are having financial issues, casinos do these things but always comes out with new surprises when peak season in gambling comes.

Topic: Is something big happening behind the scenes that no one is talking about? - page 4. (Read 960 times)