Bitcoin Forum

Seems casinos have found a new way to fulfil their bankrolls. Instead of asking for investors money and sharing profit during all the time, they open ICOs, ask for initial money, sell the tokens and buy it later, it's an one time profit chance for investors...

Are all casinos going throught this path or will some of them continue using the good and old method of allowing investments and sharing profit with investors?

We've seen few go through this ICO and s***.
I don't think the motive of all of them are similar but ICO are not as free and open investment for investors as to invest directly in the bankroll.
There are still few established sites letting investor to directly invest in bankroll and I hope they'll continue to do so.

Some of them who went to ICO method also sharing profits on a regular basis as a dividend means even from ICO investment you can get a profit share from casino profits. But for casinos, ICO method will be easier to manage than bankroll investments because they will have a freedom to spend money on promotions and other developments compared to bankroll investments so slowly most of the casinos may go into ICO route.

Yes, that is what it seems, slowly they are going into the ICO route... Smart move from their side, not so good for casino investors.

To receive profit shares in a regular basis is good, I didn't know they would give this advantage to ICO investors, I thought they would just buy all the tokens back and it's over.

maybe they found new method to attracted more investor to join with them. so far, if they think it will work then they will continue to work on ICO. and for investor, as long as they can reach big profit, then i think they don't problem with the new way of the casino and they will place their money in that ICO. so both, casino and investor, will get their profit with this way. but for other new casino, i think not all of casino will do this way but soon if they think it give benefit to them, they will follow too.

good question mate as we seen known gambling house open their ico token allowing new investors to join its a good way to earn for people who loves to make new venture and like what you have mention maybe if this become successful more and more casino house will ride this way and give more opportunities for everyone.

Imo only some of them will go through this path of ico and i'm not a fan of it because I haven't seen one bitcoin casino become succesful with it.

If they're having problems with money then they could just reduce the profits of the investors.

Ive known that Bitdice and Betking do ran an ICO and i didnt see other old gambling site do with the same flow but there are new gambling sites do decide to come up with and ICO and i would say its not really bad to have this kind of step when it comes on seeking investors. The main thing here is that when a particular ico investor bought on ico price and the price of token have been dumped because its either on those bounty hunters then for sure investors would really be on negative when they tend to sell out on cheaper price which means they would actually be included on the waiting game on where prices would come up again comparing into the system on the tradition profit sharing.

Indeed, casinos that make ICO more promising greater profit than the casino that uses the method of sharing profits but i think the investors will still choose to invest their money on the casino that uses the method of sharing profit because they can easily cashout their money whenever they want.

nope casino investors won't be worthless someday because they are also stock holders im talking about here the real investors of the company of online casino. those investors have already got their share revenue and they're still making out of it that's the good thing about investment you won't gonna be bankrupt at it because you know that it will have a income everyday.

The only thing that I don't like about casino launch an ICO was the price volatility of the share. Because if someone that holds huge percentage decided to pull out shares. The value of the remaining will decrease and it will cause a chain reaction that may result on loss of casino.

We have two chances to get losses in investing on casino sites. One is if the casino shut down without intimating investors and another one is if the casino gets negative feedback from many users then it will lose players the profit will be reduced and finally you may have a chance to lose your investment. We can make a profit in investing on casino, but you should invest only in an old casino that running for at least couple of years and it should be rated well by users.

Well that's pretty true,we don't know who are those investors who invest and ICO's have no guarantees that those investors will not withdraw it. Some ICO which successful at end of ICO but upon release of tokens some were withdrawing it that causes offloading of funds of the company that makes the project failed well this cases were not from gambling casino having ICO it's base on some ICO stories.

Well as long there are ads on there site and anything links then they really are profitting or even visits and views or tries on there site. It can be just an extra profit if there would be any high profile players wanting to make bets on that site. Because i dont think they will have bad insights on the sight. Probably after they have gotten how much they invested on that site, they would start making plans on how to go out without being caught.

I have no idea why they opt to get investors through an ICO instead of just opining their website to investors, like Crypto-Games does, for example.
Seems like an ICO is a good way to get a lot of bankroll with minimal investment on the owners part, which makes it a lot riskier.

I'd personally stick with just investing in proven casino's, much safer imo.

ICO based on the casino seems already being the new trend that i saw several project ICO had this concept but worthless or not it will determine from the investors itself because if people more likely to choose and liked this concept then maybe it would not become worthless and with the growing of the casinos based on cryptocurrency currently i think there is a chance this concept will be last long

Not all casino are going through this and the one who have done this earlier might get maximum profit, all other copy cat projects might not get even minimum threshold because sooner or later investors of those ICO's will know the trick behind all this ICO before starting a working casino.

I haven't invested a penny in such ICO's .

Well, aren't they going to distribute profits the same way they would with the bankroll?
+ they are able to move funds more efficiently and invest into marketing which they wouldn't be able to do with bankroll investments

You would still make good profit, if you keep on holding tokens and sell them at higher price than you bought at. afaik bitdice's tokens will provide you dividends and betking tokens will be bought with the profits they generate. i have invested in both the ico(s) and believe over long run they will give me good profit.

Maybe because after the ICO they can enjoy the house's profit alone, without the need to share it with (maybe) hundreds of investors. They have more autonomy to use the bankroll's money as they want, because there isn't risk of investors cashing out lots of BTC anytime, compromising their bankroll size. Makes the casino self-sustainable, independent.

This is not true for every casino that will come up with ICO, it depends on how they gonna share their profit some buy back tokens back with whatever profit they will make and burn them while some just share profit to all token holders. They can't just keep all their profits like you have claimed above. But yes distributing tokens from ICO makes it quite easier for casino to secure bankroll in cold wallet and provide maximum security for investors.

That's what a shady ico/casino owner will do. if you invest in legit ico, where the owner has years of experience in gambling area and has previously/currently were/are running a successful casino, they would share the profits with investors. shouldn't one invest in such ico?

I do not think that Casino investors will becom worthless someday, even with this ICO, the participants are considered investors of the casino since some ICO pay dividends to the holder of the token.  I think this is more beneficial to the casino token holder (investors) since they have token to play with in trading plus they have dividends when share is about to be distributed to the holders of the coin.  This is just another way of investing to a casino bankroll.

The ICO is more like an one time profit opportunity. After you resell the tokens you have bought, your "partnership" with that casino is over. They won't scam you, but they won't have a relation with you as investor for a long time... They will adquire their independence after the ICO is over, the house start profiting and the tokens are bought back.

I don't know if it would be a shady decision, they have the right to choose how to run their business anyway... But surely a more integrated casino with the community would share their profits using the another bankroll investment system.

As long as there are gamblers in the world, there going to be casino's and they will need funds to operate. That means there are going to be a lot of investors who will enter into the business because when it comes to gambling,  the house never loses.

Its not yet known if they will no longer accept external financing(investment) after their respective token sales but one thing is certain, running a gambling business is profitable and will make any future winning payments easy to make regardless of the amount.

Other casinos might follow suit depending on how successful current ICO's goes and if they will mange to run the business profitably after crowdsale too...we should see more get on board

I think no casino who are accepting investors who wanting to invest to their company will not become worthless someday because casino neeeds investors how about if the casino lose for just 1 night and don't know where to get money from it investors just get 3-5% of their profit not that big so it wont become any problem someday.

OP is talking about casino investors losses, not house losses. He is worried about investors may not be able to grow their funds along with casino profits because in ICOs concept. But I feel that if those tokens listed on any other exchanges then based on casino profit, its token prices also should grow and some of the casinos are decided to give dividends to their investors on a regular basis. I feel it is still worth to invest in casinos ICOs.

I've notived that as well and it seems to be becoming a trend nowadays for newer casinos. It probably will get a lot of following seeing how successful and cost efficient it is for casino developers to use icos.

I think that with casino's innovating it does not neccessarily mean that the investors would lose or would be worthless in the log run. I think that it opens up new opprotunities to expand and more investors to come in and invorporate new technologies in the system.

I think that the casinos will offer investors to invest their money to make a profit. This is an interesting and rather profitable business that does not disappear as well as bad habits.

If the casino offered an investment, then they can increase their bankroll and the gambler can bet higher, and the casino will have a stronger finance situation, the gambler like to know when they win, the casino able to give them the money they won or not, so the casino also got advantage by allowing the investor to invest

But how we can put trust on new casinos. ICO method is good, but it is only profit for creators the investor's money is always at risk. Suppose the tokens do not grow means what investors will do how they will get back their investment. Now we have an option like if the casinos started to give negative profit, we could withdraw our investment at any time. I never invested in any casino, and I don't like to take a risk with my money.

Very few casinos have done so by creating their own ICO. However the first thing I do when I notice such casino, is to never play there, for me they are not very trustworthy. I like sticking with well known companies which don't need ICO-s. Investors will never become worthless, it is not a problem for a casino to pay them the low interest they pay for their investments.

I don't think so. Casinos that already success and have many active players will more focus on their live support and up to date their games than open an ICO. On the other hand, some casino who don't have many players will find a way to earn more income like open an ICO to get investor and fresh money and use it for upgrade and promote their casino more.

for big investors they really want to make profit in many aspects, especially in gambling games because they know that investing in gambling site will bring them big profit for a long term and they will invest with big amount. beside that, they only waiting for some period time to enjoy their profit while they can trying to playing gambling in that site too.

It depends on how much tokens they will decide to sell during ICO and what will they do with unsold tokens. Profit share can vary.
Example:
Someone create 1000 tokens. 700 tokens for sale and owner will hold 300 tokens.
All 700 tokens sold - 70% profit share for ICO participants and 30% for owner.
300 tokens sold during ICO and all unsold tokens burned - profit share 50/50(owner has 300 tokens and investors have 300 tokens)
300 tokens sold and owner took unsold tokens - investors have 300 tokens and owner has 700 tokens - 30% profit share for investors.
Correct me if I am wrong.

Dude it doesn't matter if they use ico or tokens. It is still an investment just a different method of doing it. Nothing actually changes. It's the same I'd you share a casino profits or I'd you gain off their tokens. Their tokens are their investment. I think tokens are better since you don't share 50% of the profit.