There is nothing going on behind the scenes as far as I can tell since it's all happening right in front of us. The answer that you are looking for is global economic issues which you yourself mentioned op.
Crypto gambling sites are still businesses at the end of the day which is why they are trying to survive through these cuts etc.
Topic: Is something big happening behind the scenes that no one is talking about? - page 5. (Read 960 times)
April 24, 2023, 07:01:02 AM
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.
April 24, 2023, 06:16:28 AM
Although this thread isn't discussing about decreasing in bonus and reward, but it's also discuss about license problem even though it's already resolved Rollbit Casino loosing value due to Licensing Ambiguity amongst users.
We shouldn't be surprised when the regulations will more and more tighter since the government want to make sure they can monitor anything in order to not break their laws. Curacao license is a weak license for online casino as they can still accept scam casino to use their license and they're not protecting the gamblers if they get scammed from the scam casino.
We shouldn't be surprised when the regulations will more and more tighter since the government want to make sure they can monitor anything in order to not break their laws. Curacao license is a weak license for online casino as they can still accept scam casino to use their license and they're not protecting the gamblers if they get scammed from the scam casino.
April 24, 2023, 05:21:48 AM
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.
April 24, 2023, 12:58:32 AM
This is something that needs to be accounted because that is completely correct while there are so much scamming happening in crypto gambling in which scam casinos keep getting licenses and yes curacao seems not to be concern at all.
maybe this is their way of showing concerns about victims and being tight for their qualifications.
Scam casinos register licenses when they haven't been released and when they have been released they are still a real casino and haven't committed fraud against customers but when it's been a while and have more customers they can only commit fraudulent actions to make a big enough profit so it's natural only if they still get the license to operate.maybe this is their way of showing concerns about victims and being tight for their qualifications.
Casinos are a business and have a large enough profit margin that it can be easy to get rid of complaints or accusations of fraud against them.
It seems that casino licenses really have to work 2 times in conducting investigations of all casinos that use these licenses so that when someone commits fraud the license can be revoked and the casino can indirectly lose many gamblers so they don't commit fraud again.
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.
April 23, 2023, 09:39:41 PM
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 seems to be some connection between casino licenses given by Curacao as investigations against it started and i don’t think money laundering will be a surprise looking at how many scam casinos have their license and got rid of all the complaints,Is anyone else feeling like something is wrong here?
maybe this is their way of showing concerns about victims and being tight for their qualifications.
Quote
but I’m sure it’s nothing related to crypto market as it is unlikely that casino owners would have foreseen the impact of crypto or Binance. We will have to wait and see if more casinos follow suit in cutting off bonuses and promotions, which would confirm that something is amiss and potentially harming the industry. However Im skeptical that such a downturn will occur anytime soon.
It May or may not mate , but the good thing is there is actions happening now and casino must pay attention to this or else the whole business and market will be in trouble .good act though from all sides that tries to implement these .
April 23, 2023, 09:00:15 PM
About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
It could be matter if they found it. We know after the biggest mixer resizes from the agency, some of them try to look for potential money laundry flatform like the gambling site, it's not impossible, but I think hard to look at where the money comes from in many countries. For example like Stake, which has an endorsement from a premier league club, which I think have thousand user from many countries where over a million people watched it. 
April 23, 2023, 08:45:07 PM
The other casino i'm using is still giving out the same rewards and they also have a Curacao license so it's most likely a coincidence that a couple of big casinos are starting to chunk down on the VIP bonuses.
I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites) 
I agree they have to do some changes because their aggressive marketing at some point will cause harm to the site. Aside from these big sponsorships they still have to spend some on their streaming platform Kick as i've seen from certain posts that some of the popular streamers are joining their platform. 
April 23, 2023, 06:59:54 PM
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 seems to be some connection between casino licenses given by Curacao as investigations against it started and i don’t think money laundering will be a surprise looking at how many scam casinos have their license and got rid of all the complaints, but I’m sure it’s nothing related to crypto market as it is unlikely that casino owners would have foreseen the impact of crypto or Binance. We will have to wait and see if more casinos follow suit in cutting off bonuses and promotions, which would confirm that something is amiss and potentially harming the industry. However Im skeptical that such a downturn will occur anytime soon. Is anyone else feeling like something is wrong here?
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!
April 23, 2023, 05:29:43 PM
Big companies doesn't mean they are in profits all the time they also have to face rough phases and along with more competitors they might consider using that money on something instead of usual spending this could be the reason in my opinion.
About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
Exactly, they have to adjust their budget and limit their cost in order for them to still have profit and continue the operation of their business. Crypto casinos might also not afford to have such bonuses for a longer time, their bonuses will always depend on how much money they make because if they are already in loss, giving high bonuses is not ideal anymore. This might be the trend now as many are already suffering from losses. About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
April 23, 2023, 04:21:45 PM
Big companies doesn't mean they are in profits all the time they also have to face rough phases and along with more competitors they might consider using that money on something instead of usual spending this could be the reason in my opinion.
About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
We can't conclude to why this is happening to these casinos these days. We can just speculate on this matter.
And one reason is, they maybe are cutting costs because their profits are not the same as before.
As they already got the loyalty of some of their patrons, they are slowly reducing their bonuses or possible expenses.
To survive in any industry, they need to think of ways how to sustain their operations.
And one thing, is to cut down costs from areas they think are unnecessary. They won't cut down if they think they are gaining from that area.
April 23, 2023, 03:50:25 PM
Stake.com has to reduce the bonuses, because they are pushing too much money into marketing and they are expanding too fast. Stake are paying for massive sponsorship to Everton and Drake and UFC fighters and also to some of the biggest gambling streamers in the industry.
I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites)
I agree, when a casino has seen to have a lot of endorsers and they're not just endorsers but huge celebrities and personalities. The cost of it is known by most and they've taken a lot of fee from them. I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites)
With such move, it's a marketing and they need to look for some reduction that they're generous about but it could also just plainly a decision of the management to cut some bonuses when they think it's too much already.
But then, I'm expecting that they'll eventually get back to those usual rates and percentages that they've been known with.
April 23, 2023, 03:46:29 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?
Op if you know what is happening in those sites you mentioned either behind the scene or in the real movie, you can tell us. Reducing bonuses in a casino is the casinos' choice and not for the gambler. The gambler can only ask the casino "why" and the casino can give the reasons of doing that. Because bonuses are meant to attract and lure gamblers in the casinos' sites and if they want to remove it, it is their choice. Participants might also notice what you have noticed but not all. It might that they want to restructure their bonuses and other benefits. 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?
April 23, 2023, 03:26:22 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?
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's just the individual casino since plenty of bonuses exist.
April 23, 2023, 01:39:02 PM
Big companies doesn't mean they are in profits all the time they also have to face rough phases and along with more competitors they might consider using that money on something instead of usual spending this could be the reason in my opinion.
About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.
April 23, 2023, 01:31:31 PM
My personal view is that it's about increasing profits. Once companies are grown enough, they will try to increase ARPU. Get user growth by giving incentives first, once platform is grown big enough, bank off the growth.
I don't think it's the right explanation because the turn-over at online casinos is very high since players making profits without getting banned or restricted are few and the number of people bearing losing money over years is small too. It means they constantly need to attract new players (that's why they are still heavily promoting their casino here, with such a large signature campaign). But unfortunately for them they've recently been banned from Twitch, and they don't seem to be welcome on Youtube too, it seems streamers were very good at converting gamers into casino gamblers though. So they've lost their main marketing mean, and testimonies showing unprofessional or dishonest conduct from them are accumulating over internet, in top of that. Their business model can't be as profitable as it used to be then.Quote
The client becomes loyal to the company after making at least six deposits. However, only 20% reach the sixth deposit, that is, one out of five people: this is where a considerable loss of money happens. From the moment of making the first deposit to making the second deposit, gambling companies lose half of the players.
https://qr.ae/pvEfUs April 23, 2023, 01:00:07 PM
Stake.com has to reduce the bonuses, because they are pushing too much money into marketing and they are expanding too fast. Stake are paying for massive sponsorship to Everton and Drake and UFC fighters and also to some of the biggest gambling streamers in the industry.
I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites)
I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites)
April 23, 2023, 12:42:53 PM
I've not seen the news about Curacao being investigated for money laundering and stuff, if that is the case, it might have something to do with all those bonus cuts, etc. The authorities are really getting on the nerves of every platform or sector that involves cryptocurrencies and they are not going to stop, this isn't good.
If they start investigating or sealing licensed cryptocurrency casinos, they will definitely hunt down those who don't have a license yet, and if things go that bad, I'm afraid there will be a big downfall in the crypto gambling industry.
If they start investigating or sealing licensed cryptocurrency casinos, they will definitely hunt down those who don't have a license yet, and if things go that bad, I'm afraid there will be a big downfall in the crypto gambling industry.
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