Is something big happening behind the scenes that no one is talking about? - page 6.

iv4n

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Quote from: Get-Paid.com on April 23, 2023, 12:12:53 AM

There you go:

https://www.curacaochronicle.com/post/local/curacao-under-scrutiny-for-anti-money-laundering-and-counter-terrorism-financing/

Quote

Curaçao will be under scrutiny in June as the Caribbean Financial Action Task Force (CFATF) conducts an investigation into the country's compliance with international norms regarding anti-money laundering and combating the financing of terrorism and proliferation.
...
The CFATF assessment will ultimately determine whether Curaçao is considered a country that complies with these guidelines. If it is found that Curaçao does not or insufficiently comply, it will be publicly identified as a country with deficiencies in its framework.

EU tax "grey list"

In addition to the CFATF assessment, Curaçao's financial sector is facing the challenges posed by the EU tax "grey list."
...

Well, Curacao is shady as it can be I guess... but they are tax heaven for that reason. I bet this is not the first "investigation", so whatever the results may be I doubt that we will see some big changes.

Maybe I am wrong, and maybe something is coming for Curacao sector, I guess we will see. Maybe these casinos are preparing something new, for different kinds of bonuses and promotions... shutting down the old ones and preparing for new ones?

I just noticed that BC no longer has rakeback, and it didn't mean anything special, at least to me, some other sites have better rakeback and promotional days with more significant rakeback.

Negotiation

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If the bonus in the casino reduces the profit then even if the number of customers is high it seems that it will decrease gradually, because many people are interested in the casino to get more bonus. Welcome bonuses are a staple of the online gambling experience but it is not only a financial incentive but also a bonus to encourage a new player. These bonuses sometimes give players more benefits, so joining a new casino is usually an exciting and entertaining experience.

pawanjain

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Nothing lasts forever

There can be only two possible reasons. Either the company is doing good or it's doing bad.

If it's doing bad then may be it's the recession that has hit them as well and may be they are not performing really well.
May be their users don't really have more money due to recession to gamble and so the gambling sites' profits would have declined.

If it's doing good then may be the site bonuses/rakeback cut down is temporary and they are planning to revive it again later as part of their strategy.
Or may be they are trying to implement something different which is why they would have removed it.

dimonstration

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Dimon69

Quote from: Oshosondy on April 23, 2023, 02:14:38 AM

Quote from: dimonstration on April 22, 2023, 05:24:41 PM

Other reputable casinos is adjusting bonuses based on the season and market situation. I’m not a player on Stake but probably their bonuses is just not profitable for the business side. Blackjack.fun increased their rakeback few months ago until and adding VIP benefits. I think it’s just an adjustment on the Stake side and one or 2 casino doesn’t speak for the gambling industry.

What if the casino is getting bigger and only looking for the profit side? It can be in a way that they have noticed high number of customers and prefer to reduce their promotional offers instead.

This can be the case but Stake is doing this strong promotion for many years since they start their brand. This sudden changes with their bonuses will surely create question like this. Your assumption might be right because their signature campaign here doesn’t have any changes which means they doesn’t any issue on the fundings for the marketing purposes.

They might start collecting profit by reducing bonuses since they already have the majority of the customers in crypto casino industry.

Fortify

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Quote from: Get-Paid.com on April 22, 2023, 04:10:32 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?

It could just be coincidence, there are many big gambling sites out there and if a couple happen to pull back bonuses for a little while it's nothing major. In the bigger picture and only tenuously related, financial regulators are taking a much deeper interest in any companies that are related to crypto right now. Two of the biggest person to person exchanges have closed in the last couple months, after almost a decade of doing business. It's not hard to companies to be pressured into closing if that can happen and the fact that Binance does not play ball with US authorities is a big black mark against them. There's also the Silvergate and Silicon Valley Bank bank scandal which fell over and they were used by a lot of crypto companies.

Eureka_07

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Quote from: Get-Paid.com on April 22, 2023, 04:10:32 PM

I recently heard that some big companies are also cutting their costs (e.g., by reducing the number of their employees). People said that it is being done for these companies to survive the operation and competition against their respective competitors.
I'm not sure though if this has any connection with these sites reducing/removing bonuses. But I'm sure they have a good reason.

CryptoHeadlineNews

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Quote from: _act_ on April 23, 2023, 03:05:42 AM

Quote from: Get-Paid.com on April 22, 2023, 04:10:32 PM

Is anyone else feeling like something is wrong here?

According to your post, it is like you are up to something, is there anything you are not yet telling us?

Know that gambling sites bonuses can be high when they need more users. That is why you will see casinos and other gambling sites that have just started, they do have higher bonuses. But Stake is not new again, their users are increasing, they may because of that reduce their bonuses.

But if I should ask, is this the first time "Stake" casino reducing its bonus offer on it's parent casino? Or has that been a regular routine to increase and decrease at time best known to them? Because as a casino I think they have right to reduce its bonus if the casino finance team think they can't afford to offer such anymore, and I don't see any reason why anyone panicking, in as much as they haven't had issues on site, or scammed anyone in recent times. But moreover, thanks O.P for taking notice of that first and informing the forum.

dimonstration

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Dimon69

Quote from: Reatim on April 23, 2023, 06:20:17 AM

maybe it is coincidence ? but even not I'm sure that there is a individual reason for this and from What i see here ? they are cutting expenses and maybe they believe that bonuses is just part of the offering and gamblers will still gamble even without this as they are reputable and that is the most important thing in each gamblers?

I believe I heard on one of Eddie stream that they paying big time on marketing and tables with their live games. Stake is one of the reputable casino that secure partnership on top celebrity and athlete in the world like Drake and Adesanya. They have a lot of partnered streamers that being paid so I guess they are just cutting expenses since crypto market in on the brink of market down.

Cutting the bonus reward is not a big deal for them since they already have a huge number of user that actively playing in there casino. They also have a regular giveaways and promotion that can compensate with this changes.

Reatim

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maybe it is coincidence ? but even not I'm sure that there is a individual reason for this and from What i see here ? they are cutting expenses and maybe they believe that bonuses is just part of the offering and gamblers will still gamble even without this as they are reputable and that is the most important thing in each gamblers?

Rruchi man

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Quote from: Get-Paid.com on April 22, 2023, 04:10:32 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?

The new changes can be an indication that something is happening, a new development is taking place and because like you have said that it is behind the scenes, we may never really know what exactly until it has happened because we are not behind the scenes.

Quote from: Get-Paid.com on April 22, 2023, 04:10:32 PM

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?

Even if you imagine that they are growing and do not need to cut down cost, there is a need for them to manage the profits properly that they are getting knowing that the profits may not keep coming like it is, not because crypto gambling will no longer be a thing or have a reduction in people who are interested in it, but also due to the competition that they will be getting for customers as the number of crypto gambling sites increase.

swogerino

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Quote from: Get-Paid.com on April 22, 2023, 04:10:32 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 don't know about other users but it depends on the wagering requirements for the bonuses in Stake,yesterday I got my biggest bonus weekly 0.013 Litecoin and in the middle of the month also got my biggest ever monthly something along 0.158 Litecoin and I doubt any other site to offer such bonuses.My wagering for the month has been like 1600 dollars while gambled money less than 60 dollars so getting that amount of bonus monthly is a great indication for me that Stake is still doing the same and I also have seen the chat there with people complaining but that is because of their expectations which are unreal compared to their wagering made.

ethereumhunter

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I don't think anything major has happened in the gambling industry and it's still going well. But even though something will happen in the gambling business, we don't know for sure and can only guess.

And we also don't need to take it seriously and continue gambling as usual. But people who are used to getting bonuses from casinos feel that the bonuses are much reduced than before. And maybe this will affect the times they play gambling. And we also don't need to play gambling too often, especially since we are not people who often receive bonuses from casinos, so it doesn't really have an impact on us.

_act_

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Quote from: Get-Paid.com on April 22, 2023, 04:10:32 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?

I think this question is all about Stake, not Binance? Why mentioning Binance?

Quote from: Get-Paid.com on April 22, 2023, 04:10:32 PM

Is anyone else feeling like something is wrong here?

According to your post, it is like you are up to something, is there anything you are not yet telling us?

Know that gambling sites bonuses can be high when they need more users. That is why you will see casinos and other gambling sites that have just started, they do have higher bonuses. But Stake is not new again, their users are increasing, they may because of that reduce their bonuses.

If you are relating it to an issue like bear market or exchange faliing or collapse, I think that is wrong. Even there is just little bear market this time and nothing is happening to Binance exchange.

Crypt0Gore

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A rumor about the upcoming recession is indeed going around, which could be a plus why those gambling companies are doing this, but this is a business we talking about, if they believe that reducing costs is the only way to lower their expenses and thus increase their gains then they should do it. This same thing happened in the last bear market where almost all big companies are cutting off their expenses and workers, I won't be surprised if the same thing is happening right now.

In short I will be happy, because of buying opportunity that this could bring for investors like us, it could be a big plan from bigger players to bring in a lot of money for less cheap Bitcoin and others.

coin-investor

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Quote from: piebeyb on April 23, 2023, 02:05:42 AM

there is no problem with the bonus after all only a handful of people complain about it there, there are still many users who play and don't leave the Stake just because of the bonus, well maybe they want to replace the bonus with another program the proof is that there are still many prizes distributed by the Stake to their users, so this is not something to hide because all casinos may also change their bonus or other events program.

The Stake will explain everything why their bonus was reduced in their thread, so they don't have to explain it here, it's better to look for an answer directly from the Stake in their thread because you will get the answer there without any mistakes and missed information

I agree you don't replace or stop playing because of the bonus, for a gambler reputation and convenience is the most important, and I don't see Stake cutting cost from giveaways and bonuses and its not permanent they always launch new contest and giveaways, gambling is still the most profitable platform but the most competitive, they will always have surprises for their players for them to keep playing.
Some of the big stories always have a leak so if there are big stories coming out there will be employers or insiders who will leak them, vloggers, and News oriented sites, have insiders or contacts in the industry.

Pmalek

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Stake is already a renowned name in gambling circes. Maybe their marketing team figures they don't need to invest that much money in bonuses anymore. They are already one of the best crypto casinos with a good share of the market and that won't change. They invest a lot into promoting and advertising the brand.
I don't know how BCgame is doing, and what's the motivation behind them abandoning their rakeback program, though.

Quote from: Slow death on April 22, 2023, 06:05:16 PM

I confess that I'm lost, can you tell me which site are you talking about?

Maybe he means PlayBetr. That brand doesn't exist anymore and has merged with Betcoin. PlayBetr now redirects to a new.betcoin domain, while the old Betcoin site still works. After a while, the old site will also shut down, and only the new one will continue to operate.

Oshosondy

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Quote from: dimonstration on April 22, 2023, 05:24:41 PM

Other reputable casinos is adjusting bonuses based on the season and market situation. I’m not a player on Stake but probably their bonuses is just not profitable for the business side. Blackjack.fun increased their rakeback few months ago until and adding VIP benefits. I think it’s just an adjustment on the Stake side and one or 2 casino doesn’t speak for the gambling industry.

What if the casino is getting bigger and only looking for the profit side? It can be in a way that they have noticed high number of customers and prefer to reduce their promotional offers instead.

Or maybe it is because of what you think too, but the best answer would be from the company itself which is Stake, although if the gambling site is truthful about it.

davis196

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This topic belongs to the Gambling Discussion forum, not the Gambling forum.
I think that the only good reason for Stake to lower their bonuses is a decline of the active gamblers on the platform.
The competition in the gambling industry is furious and no crypto casino is guaranteed to stay at the top forever. Probably Stake is losing customers, but on the other hand, lowering their bonuses won't help for gaining new gamblers, because many other casinos are offering bigger bonus rewards.
I can't comment on the "money laundering investigation" in Curacao. I don't have verified information about this news.
We could only guess about what's happening there.
Maybe a global recession is coming and the crypto gambling industry will suffer losses, just like any other industry.

piebeyb

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there is no problem with the bonus after all only a handful of people complain about it there, there are still many users who play and don't leave the Stake just because of the bonus, well maybe they want to replace the bonus with another program the proof is that there are still many prizes distributed by the Stake to their users, so this is not something to hide because all casinos may also change their bonus or other events program.

The Stake will explain everything why their bonus was reduced in their thread, so they don't have to explain it here, it's better to look for an answer directly from the Stake in their thread because you will get the answer there without any mistakes and missed information

UserU

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Better to cut down on the goodies than continuing and eventually failing to sustain and go tits up.

After all, businesses are still businesses.

Topic: Is something big happening behind the scenes that no one is talking about? - page 6. (Read 988 times)