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Is it possible for a casino to go bankrupt because a player gets a very big win?

I think maybe that's hard to happen if we look at casinos that are already big and well known. But suppose there is a new casino, and there are some players who are very good at playing, so they can win continuously, can the casino go bankrupt? or do they already have an algorithm or a way so players can't keep winning?

I guess you have already answered a big part of your own question which is the age of the casino in question, although I have not anything of such but I feel this can be possible if the casino like you said is a new casino and the management are not holding enough funds to run the business OR the casino actually has some glitches in their system in which some their users have found out and there are using it against them by exploring this glitch to best of their advantage.

It is very possible that can happen to a new casino.

But the chance that a punter would win a huge amount of money to run the casino down is very low. As the gambling site is becoming known, more people join to gamble and the more profit they make and the chance that this would happen becoming low.

We should still keep in mind that we should not totally trust a need casino or other gambling sites that are new, we should gamble with far lower amount of money on such casino until the casino is gaining better reputation and having huge online traffic.

It is practically impossible for a casino to go completely bankrupt due to a user winning a huge amount of money, this is because casinos nowadays are much wiser, they don't necessarily install algorithms that sees that users don't keep winning, but they do have a winning limit in place, which ensures a user does not win above that limit regardless of the amount the users bets, like for example, on stake.com, if a user bets a huge amount of money and from the odds, it's seen that the user could win money above the casinos win limit, the system will warn the user to reduce he's or her bet amount or go for game with smaller odds.

For players who win constantly, the casino does also limit such players from going full bets on the games the see the player wins constantly..

So overall, casinos have mechanisms in place, that ensures that a user never wins an amount that could drive the casino to bankruptcy.

Not by a very big win but if many players would win big time. This has something to do with fund management for a gambling platform. Results are thru algorithms and if most if not all players would win on a single day, then there might be a problem with the system but by anyhow, the online casino should be responsible enough to pay those winnings whether it would result to bankruptcy.Would rarely happen for sure. Gambling sites are paying huge amount of money to run their platform and they are simply paying professionals to handle things and avoid such bad scenarios. Also, before a platform is released to public, there'll be and should be a pilot testing if they are really serious of prolonging the existence of their site, not unless they are after with bad intentions toward their players right from the start.

A predicament that a new casino will have to face which they either scam the user or accuse the player of cheating.
A casino has to have a huge capital in them, if they all lost it because of this one user, it's gonna be a situation for either letting the casino go down or him. ;D  They'd probably choose him and deal with the accusation of the player soon.

Different casinos have failed before, we saw them in this forum. Some are honest and some are not.

I think if we play slots, there really is a win limit. After we get the jackpot or big win, the next round will be very bad. But do win limits also apply to sports betting?

In my opinion, in sports betting, it is possible for players to win continuously because they have good analytical skills in placing bets on matches.

The fact that if it's not possible for casino to go bankrupt and why? See the case below
https://www.desmoinesregister.com/story/news/crime-and-courts/2015/04/25/supreme-court-casino-jackpot-denied/26356437/

Majority of casinos will be refusing to pay the big win that achieved by its users. In my opinion, if the casino has no enough liquidity to cover the max win achieved by its user. Mostly casinos will call it as a glitch or whatever the reason is to avoid paying money to the winner of jackpot.


The new casino is learning to put limitation into the maximum amounts of money that the user can win. it's rare to see casino paid full amounts for user that got max win.

casinos will limit the amount players can bet in situations where they know they can't pay them if they win. i would wonder though what sort of game are they playing because the house always win. for new casino they only have luck base games, it's the old and famous casinos where they add those poker tables and sports that can potentially take a chunk out of their money.

Casinos will be rich if more and more addicts continue to gamble in that casino, so don't ask casinos to do anything to help stop addicts in their casinos, the more active gamblers the greater the profit, but if there are not many gamblers and addicts playing in casinos then therein begins the casino will go bankrupt. it doesn't matter the casino is big or small.

As long as casinos still have active gamblers and addicts their casinos will continue to run without stopping, because they always have a way to win against their users including addicts and then get a lot of money from them, that's why never expect that gambling can make us rich, play wisely when when to stop playing and when to play, don't be greedy for self-control before playing so we can win against the casino as well as ourselves. Whether or not a casino goes bankrupt depends on its active gamblers.

We've seen that happen a player wins a big amount and the new casino cannot pay him so they accuse him of cheating to delay the payment or not pay the poor guy, so if you are good, especially in sports betting choose a more stable casino so you will not encounter of not getting paid or delayed in payment because of the casino cannot keep up or will just wait for additional funds from their players' losing money so they can pay the winner.
So many casinos prefer to scam their winners before going down so check the status of casinos you're playing if they can still keep up paying their winners.

Most of the games of the casino has a max win limit. This helps them to control the win of players to avoid bankruptcy. Only casino that has a small bankroll or no set max win limit are prone on being bankrupt with one huge jackpot win by players.

Most of the established casino has max win limit so if the discussion is for big established casino then the answer is no. Having that kind of huge jackpot is very rare for a casino to experience a multiple hit like that that will destroy their bankroll.

It's really about if the casino is actually going to pay you like what makishart said. If you get extremely lucky that they will honor your win and pay all of it then expect them to do it in installment payments. This will help them build that bankroll and stay up. You still take an L on this since you won't get everything in one go and use it immediately but it's better than nothing.

It can happen if the casino overestimates the max win they've set because gamblers can continuously hit these max wins and gobble up a big portion of the bankroll if they're not careful enough. Skills alone won't help players bankrupt a casino because they always offer the same games, and it's rare for casinos to have a bug on their game (including the originals). Casinos don't need an algorithm when the house edge is there for them to do the work.

Of course there is a win limit, and this applies to almost any new casino even the old ones.
After all, according to the winnings limit that the casino will pay winners seems to be included in the terms and conditions of the site and has been agreed upon by all customers. So it is the casino's way of anticipating bankruptcy due to the gamblers' big wins.

Winning bets consistently is difficult, but having more wins than losses is possible. So even if they win a large amount of bets, the casino will only pay you a set maximum amount.

I think that's possible if player cheats on the casino or if thr player is getting lucky and has huge bets. And, you answered your own question to be honest. Most often that people misinterpret is that if casinos go bankrupt they are thinking it's out of money (that's just partly true) but to be honest, it's already out of customers and the causes might be poor management, doesn't go with the trend, more to be paid on services than what is earned, etc.

It is possible but it should be a rare case. Most developers/owners must already consider that situation, so they must have enough money to pay whatever the prize won by the gamblers. The developers/owners won't launch casinos if they have limited money, they must prepare for anything that possibly happens. It is including how big the possible prize to win by gamblers. However, considering the small chance to win the gambling games, the bankruptcy of a casino is likely difficult to happen. Even I often heard that a win of a gambler is given by the house (casino owners). It is the way to attract more people to join the casino games.

Problem is not all gambling sites are having good systems to have such feauture, unfortunately. I'd also say this is possible with both small and big platforms as long as their system is not monitored to avoid such problems. Indeed jackpots are a bit of a percentage, most of the time, of the total platform's fund and this is already one way to avoid bankruptcy. No gambling site in their right mind, would put all of their funds in a single winning. This instance just sounds impossible because it rarely happens, but not because of that, casinos would be too comfortable. We are in online platform and glitches maay happen in a sudden.Algorithm, I think, still matters. If there's no such thing their edge would be overpowered by continuous winnings of the players, especially if it won't be a single gambler who'd be in such place. Edge of a casino works with the majority's transactions and losses, but if the other way around, that is pere problem would more likely arise as in line with the topic.

It is possible but it is very rare to happen.
There might be some cases/reasons that can make a casino bankrupt because of players get big win.
One example is that a casino that do not know how to set their max winning per bet, it may make players take all the house's bankroll.
Lets say a casino has small bankroll at $100k but the casino allow win per bet up to $10k or even more.

We know that every casino game there is always a maximum win and this is what limits them from draining the casino's bankroll and in my opinion it is very rare for someone to be good at gambling and then win until the casino goes bankrupt, I have never even heard of this except being bankrupt comes out as fraud then it exists.

For casinos that are already famous, it is very rare for them to break their bankroll, they are already big, so it won't affect anything if someone, for example, wins millions of dollars, but the casino's income is still large from other games.

For a new casino for me it's too much drama that we see where there are big wins that are withheld by them, with the excuse of abusing it.

New casinos under management from new people who are inexperienced in running the casino business can go bankrupt from a player's very large win or if many players with a large sum of money at the same time because they may not know this strategy that you have explained if they do not seek for it.

Older casinos under management from more experienced managers who are not new to the casino business will never let it happen because the casino is a business that is aimed at bringing profit, and there are methods and strategies in place to ensure it.

Of course the casino may go bankrupt, but not because someone wins all the money, because it is regulated by RTP, but because the number of gamblers will decrease. If their expenditures will not exceed the amount of money to maintain the casino (staff salaries and operating expenses), then it will either operate at zero or in deficit, and this in turn will lead to bankruptcy. As long as the casino has customers and is properly regulated, it will operate in the black.

Firstly, I would like to point out that there is no legitimate way a gambler can get consistent earnings out of the casino, if we talk about rolling dices or slots , etc. However, if the casino relatively small or new then it is possible of the casino to suffer a considerable loss which could lead to cut of staff and eventual bankruptcy.

Though, it is very unlikely something like that happens, if we keep in mind how the law of probabilities work. That is one of the reasons no casino should not open without enough money to cater their users.

Of course they will go bankrupt, just imagine this platform has just been built and running which means their funds are limited and they need their business to be able to survive by maximizing profit margin. If they continue to pay the players in a large pay, that means their expenses will increase which will then increase operational burden and that will interfere with their operations. Not only a new platform, even a platform that has long been operating will also be bankrupt if they continue to pay the players by large paid. So usually the gambling platform regulates that their systems can run by benefit them instead of the players, it can be through their rules, increasing Fees, or designing the game algorithm. The point is how to make a profitable platform not a player.

When greedy casinos want to make a profit by all means they offer the client what they cannot afford. New or badly managed casinos can close up because of a customer's win because they cannot be able to afford the win. Some news casinos are scam sites that want to gain the confidence of gamblers and later rug pull stealing customers' funds. That's why it's good to stick to reputable gambling firms especially those that are recommended in the forum. Some casinos in the forum have a lot of reputation that they would not want to tarnish.

I don't know of any strategy that casino companies use to avoid loss but any one that engages in malpractice will not last or will lose reputation. Reputation is gained by credibility and integrity. I believe gambling wins are a combination of luck and skills. Running or playing in a casino is risky for both the casino and the gambler so everybody should be given a level playing ground.

This is impossible because Casinos are put for business and wouldn't allow any huge win to kick them out of business. So what they do is that they set a winning limit which will make gamblers not win more than a certain amount in one bet.

Also remember that you cannot win the house hedge, it is only a new casino that might not have enough funds in their system to pay a big win that can go bankrupt because they are not prepared for business. Some Casino also have stock which will help them generate funds to pay their winners. But the truth is that if you win up to the maximum limit twice. You might not be given access to gamble in that casino anymore.

If you’re talking about online casinos, most of them are basically middlemen for larger gambling companies and just take a cut of the bet, so they don’t care one way or another if you win or lose. If you’re talking about large physical casinos, they have so much debt already, players winning huge amounts is barely a drop in the bucket.

I hard a story sometime ago about a gambler who won high amount in sport betting and at the cash out point he was told to give the casino several weeks to put up the winning for him,  this is a clear sign that the casino lack the necessary liquidity to pay for higher amount and if the gamblers should enforce his right of being paid at all course then this casino may go into bankruptcy.

But willing the gamblers must play along with the game if they ever wants to get their winning paid,  so the answer to this question is yes, sometimes casinos lack liquidity to settle bets.

I am not sure this is possible nowadays... now every casino has ToS, and there are limitations for max bets, max wins, and maybe most important max daily/weekly/monthly withdrawals.

But +20 years ago I saw a few small casinos closing their doors (for some time or indefinitely) after some guys won some crazy jackpots, and the casino didn't have the money for a payout. But that was back then... now everything is regulated.

The question who already got the answer.

Feel free to search, most of casino can get out of business. It's not always profit, build the bankroll are the one who are really tough for casino industry especially for a small casino they need to start with a huge balance from their own pocket.

Until, the bankroll growing. The problem, If some player are hitting big at the time they're opening.

I do not know if you noticed "withdrawal complaints" from many gamblers at smaller casinos? These smaller casinos are still building a huge bankroll and when somebody wins something big, they try to stall the withdrawals.

You might even find that they "restrict" large withdrawals to buy some time to payout large wins. This normally escalates to players venting their anger on forums like this. (The good casinos will pay instantly)  :P

I think one reason why new casinos start with just dice, crash, and lottery is because they need to make that bankroll grow. House winning the money from the unsuspecting players is good for the new casino and they better remain unsuspecting. These games are the ones that make money for the startup casino. If they still go bankrupt, then this casino is not meant to make it.

But before they file bankruptcy, they will do one last attempt like 200% bonus deposit. Sometimes this help to keep the casino running or they could end up scamming the depositors.

Yes when casino is not able to redeem payment of winners, it usually leads anger and show of vituperation especially for off line game houses but I think that is also same with the online casinos which is why we witness some players coming here to open up scam accusations thread when they win and can't claim the money.

Therefore, there are points here to note on the reasons that casinos will not be able to pay winners because they become insolvent from bettors winning.

New casinos can have this issue because they are inexperienced in most cases including setting of winning limit. Usually it is difficult to win against the house but in a situation that the players is sufficiently good, there are limits set for a winning slip. Take for example in Nigeria, gambling companies like bet9ja, betking etc, they all have limit that a betting slip potential winning amounts to and anything other than such is not allowed by the system. The maximum payouts in bet9ja and betking is #40,000,000 which is ($53.3k). With such limit, there will be an assurance to redeem payouts and the company won't go bankrupt.

Again, new casinos that have no affiliate also may go bankrupt.

Casinos can go bankrupt if there are many gamblers who get very big wins at almost the same time. But that's unlikely because not many can get such big wins and most gamblers experience huge losses.

If a new casino does not have a large balance, it can go bankrupt immediately if it wins big. The casino will not be able to continue its business because of this, which makes the casino implement some things that we don't know about. But whether it is true or not, we also do not know the truth.

you need to look at things in the following way, when 10 people put money in a casino at most 2 or 3 people will earn some small profit, but those 2 or 3 people will soon come back to play in the casino and will lose everything, so at the end of the day the 10 people who put money in the casino lost everything in the casino, and see that most of the time in those 10 people who put money in the casino there are people who put a lot of money and lost everything, so the casinos are not going to go bankrupt because of someone who have won money because nobody is profiting from games of chance, this is a reality

you can test this yourself, research how many people really manage to profit from casinos and you will see that the number are small or you will not see anyone and if someone tells you that they are profiting then you will see that it is someone who has a social network or website and profits from referrals and this person does not play in the casino because he knows he will lose money when he puts money in the casino to play, so he prefers to keep profits from referrals and make withdrawals, I think that answers your question. now there is a case where the casino is new and starts to lose customers and operating costs become very high and this is what causes the casino to go bankrupt

In an ideal world where every single player who entered the casino won prizes, it's possible to bankrupt the whole casino. I myself don't think these casinos imposed some form of contingency for eventualities like this cause the chances of it ever happening are slimmer than none. So while in paper it's possible to run the whole casino dry of their allocated bankroll, in reality it's not going to happen unless you're playing on a small-time casino in which case why?

Plus you also forgot about returning bettors. Players who already won but are still up for the game and would bet more in the process. There's a good chance that somewhere along their betting session they lose all of their bankroll, that's one player sustaining the whole pot once again. Now multiply that to the average casino-goer statistic, and it just makes it even more daunting to even put a dent on an established casino's pot.

That is something that will indeed happen, if indeed in poor management and ownership of funds so that finance does not run smoothly running the casino business. Then have a bug that can be utilized by someone to cheat, it will be more bad in the casino, and that usually happens indeed to the new Kasiono, a lot of casinos that I find in my area that experiences bankruptcy because of the cunning of the players to get money with Easy from casino.

But if the casino goes bankrupt because of the victory of the players who play fairly, I don't think it is possible to remember that the casino can be set, but indeed if the coding system is bad can be utilized by them.
With a strategy to use many accounts to be able to outsmart the casino that can be broken in the game.

Some could but good ones won’t. I assume multiple checks would be done if people place large, unusual bets. Fiat bookies usually hedge against a large bet by placing a similar one elsewhere just incase. Good, trustworthy casinos  don't offer jackpots they can’t afford to pay out.

So in short, a reputable, good bookie or casino will not go bust if they have to pay out a big win because there is a method to the madness. You don’t see a broke bookie or casino very often.

Nowadays casinos are very up to date so when people place bets they get a comprehensive information about their total assets. Moreover, it is never possible for everyone to bet on the same basket.  If most people bet a lot on one side then the odds will change drastically. As a result, even if you bet more, the return will not be much. Normally casino don't shut down for betting rewards. Casinos can bankrupt when it is hacked or lacks sufficient manpower or finances for maintenance.
 
A gambler must exercise caution when it comes to new casinos. Because you should know first whether that casino is legit or not. There are many casinos that provide good support in the beginning but later become scams.

That's right. They will fight you if that happens and it doesn't happen a lot because casinos have max bets and calculate max bonus you can get in a single game. If a casino is small and new, they aren't going to allow you to bet something like 50% of their bankroll in a single bet, or they will do it, but get ready to shut down and scam you if you win, because if they are new and their whole bank is a million dollars and you were somehow allowed to win 500k, it's easier for them to shut down and rebuild the site than pay you.

A big casino will take that risk, but they will have much more than a million dollars in the bank. If a reputable casino allows you to win big, they can afford it.

It is very possible especially if the casino is just starting up.


It isn't hard to happen.  We all know that gambling result is random and that also applied to the house.  There are gambling platforms I read that when someone won a huge amount above the house bankroll, they pay the winner in tranches.  They do that in order for the casino to survive.  From that incident, we can see the possibility of a casino to go bankrupt after a huge win from a player.

To those casinos that are new, it's likely that they can bankrupt because they've got no profit yet and if they don't have reserve funds for unexpected huge winnings of their players then that's probably a reason for them to get close into bankruptcy.

But to the established and popular ones, it's highly unlikely that you'll get to see them bankrupt. Even with massive winnings, you'll never know how huge they've got on their funds ready to sustain if there are unexpected times that huge wins are coming to their players.

Although they can recover as well based on the games that they have because as what everyone knows, the house always wins.

The only scenerio I can possibly think of right now is for new casinos, cause it will be extremely difficult for a player to win a bet that's more than more than the total reserve of the casino, I haven't seen it happen to any reputable casino before.
And I peradventure it did happen that a bettor won a bet and the amount is more than what the casino can afford to pay, the only thing the casino will do is to try to bring up some clumsy excuse or accusation against the winner and deny them access to withdrawal; we have seen users create scam accusation thread here about some casinos that refused to pay them after they won some huge amount, I'm sure that's what will happen instead of the casino to empty their whole bankroll just to settle a single player and go bankrupt.

There can be times like that, especially when a high-roller managed to win consecutive times. Though only the hot wallet is sometimes drained by these high rollers so it's not really an issue. Besides, their tactic is to delay the winning of the high-roller as much as possible in order to collect more profits from other bettors for them to get the funds needed. That is why casinos will never go bankrupt - they will always have a source of income from their patrons and players.

To be honest, I don't have a definite answer. because, we are not involved as part of casino management. even if, that the casino is new at least they already have a way to deal with it with the mechanism they have designed before. for example, they will limit each bet. or, they have the maximum amount at stake. but usually, even if the casino is new. Very well built and designed casinos, especially licensed ones. will always, have logistical funds for operational costs both for gamblers' wins or other operational costs.  and gradually, they will have a lot of users that generate huge coffers of profit for them.

But if the casino is illegal, maybe the gambler's victory will not be granted. or for example given, maybe they will go bankrupt. for sure, we can only assume or only guess. maybe another option, it could be that the casino goes bankrupt because they don't have regular customers which in the end they don't have the income to maintain the casino. So far, I personally haven't heard much information about casinos going bankrupt, except for casinos that have problems with their users.

This is where we do have those max bets or simply having the limitation. If you are a new gambling site with having that specific bankroll then it would really be just that common sense that you would really be setting out those limits or numbers because on the time that a certain player would be making a huge hit then for sure you would really be ending up on getting bankrupt. This is why casinos would be having those limit numbers
when it comes to max bet or amount that they could be able to put in because they could really afford on giving those winnings if they had already allocated into it or basing up on their entire capital.
They cant really be just too careless about it because one huge win then they would really be closing down their doors immediately and this is something that we dont really like to happen in our business.
This is why main priority is to set out those max bet limits so that you wouldnt really be ending up on this kind of disaster.

That algorithm is always there, they can't let the players keep winning. I believe it's always there. I don't believe that a casino can go bankrupt just because a player got a big win. We have what we called the house edge, this will allow the casino to garner more profit outside of the one they have earned from the losing bets. So, even if there are a handful of players who wins big today and tomorrow, there are still more than enough to cover their winning amount from those gamblers who have lost today. Casinos are just basically paying winners using the money from the losers and the casinos are profiting primarily with the house edge.
So therefore, no it's most likely not possible for a casino to go bankrupt for the reason that someone has made a huge winning.

It is possible for a new brand casino with a small capital to encounter situations where a lucky gambler or a few of lucky ones make a huge profits that the casino may struggle to afford at times. When this happens and you are trying to request a withdrawal, it may be pending for several days and this might raise concerns about potential scams, it could also indicate that the casino is waiting for more revenue from other gamblers to cover the huge winnings imo.

It's clear that you have part of the answer here. There is a possibility that a casino could go bankrupt or end up scamming its customers although this rarely happens. Casinos are designed with algorithms that ensure they make a profit. however, there is still a chance that a lucky and intelligent gambler could earn a lot of money and cause a brand new casino to close down and engage in fraudulent activities.

Uhhhh, I'll say it's possible for a NEW casino of go bankrupt just for a loosing too much to two or more people.
In other words, casinos that have made a long standing name have also made ways to be able to avoid getting into such dilemmas... I'm aware of the options, T/C's of most casinos - which involves disallowing games that are wagered above the cash out limit. They could actually keep a cashout limit at 50 million dolls or so - whatever goes above that limit is either made invalid or not accepted at all. I'll say if any one of those casinos are ignorant about that particular happenings, then they'll have to pay in bits till it's gradually completed.

Sandra 🧑‍🦰

It is definitely possible for casinos to go bankrupt in certain scenarios, but they are often backed up by seriously rich owners who have a lot more winning days than they have losing days. Sometimes there will be bets that they heavily misjudged and did not try to balance on their books, other times it might be one or two big players take huge wins on a particular day which can knock back profits for a while. However casinos should have the funds to weather these events and will often closely manage their risk ratios, not allowing players to place strange bets (which might be a sign that there is some backroom rigged deal taking place in a sport) and even pursue people who might be abusing certain bets against them.

Casinos already know how to keep their business running and winning gamblers will not make them have huge losses. They know how to make things work and as a powerhouse, they will always have an edge. A player can't keep winning and once they notice it, they will surely put limitations. Each casino has their own strategy.
However, it could happen to some small time and casinos that are beginning especially those who can't handle and manage the business wisely. But this rarely happens because most casinos are protecting their names and reputation. That's the reason why those who are putting up a casino make sure that they know how to deal with the possibilities. Their goal is to keep their business running and to generate profit from it so they won't let winning players to be the reason for their bankruptcy.

Yes, its possible and if the Casinos keeps on losing to their players but I’m sure they will do necessary action to avoid this because they are in the business and they cannot afford to let ever gamblers wins on their platform that easily. If many gamblers continues to win, something is wrong with their system for sure and they have to address it immediately, too bad if the site can’t pay your winnings after hitting the jackpot and yes there’s already a scenario like this before.

The answer to this question is obviously a yes because running a casino is same thing as usuals as a running a business firm and everyone knows that every business can hit a downside and eventually crash if proper management isn't been done on the site. So even if the casino is an old and reputable casino they are still various way in which the casino can fold up and end up bankrupt if  the management is very poor.

but i believe, the probability of bankruptcy is higher in newer casinos with low bankroll. because few big wins, and their vault may be empty. but for big casinos, they can stretch the lifespan of their bankroll.
and it is true, management is also one factor when it comes to bankruptcy. this is why people who are going into this business know what they are doing.
for small casinos, one thing they do for big wins is they will make an agreement to the player about installment basis. paying their wins on staggered basis. but for some who really can't afford and not playing fair, they disappear without saying anything.

Even a huge business can go bankrupt and this can happen if the management didn’t have a good system and didn’t handle it well. Winning the jackpot by many gamblers might be a big challenge for the casinos but I doubt that their system will allow multiple jackpot winners on every games, I’m sure it is being monitored closely. Small casinos are more prone to this, so choose the best site before you gamble and have a stress free playing time.

Poor risk management and also not having good liquidity has the potential to bankrupt gambling sites when there are players who win big and consistently.  in my area there are several offline casinos that have gone bankrupt because they have bad management, even to the point of owing large amounts of money to the bank ^{(not only in the gambling business, in other businesses too, bad management will only make the business limp and will definitely go bankrupt)}, that's different from casinos that have good management, they are able to survive and even expand their business to several branches.

this reminds me of The Thunderbird casino but I am not sure if this story would be considered as "bankrupt because of player's wins", I stumbled on their story a while back and from what I remember, on the opening night of their casino, there were gamblers who kept winning to the point that the owners couldn't pay the gamblers because they didn't have enough cash to pay the gamblers. eventually, they were able to pay the gamblers by borrowing money from a loan shark with a ridiculous interest.

edit: if you are curious, you can search "thunderbird casino las vegas". you'll probably find an article talking about their history.

When building up a business something like this then it should really be well planned and being that systematic because once you do mess up then it would really be giving a huge toll into your business which is

something that we dont really like to happen.One false move or bad management would really be ending up on a disaster into business. Just like on what others been saying above that there's should really be a max bet and making the casino not to be fair to take up some advantage is never been that ethical. Yes, house do always win in the end but it should not really be altering out if we do speak about the odds.
There are really just that people who are really that extremely lucky when it comes to gambling or on the time that they had play out.

If a Casino doesnt have that sufficient funds then they would fail up on paying up a certain winner and this is where shady casinos would be throwing out some issues and other struggles
because they arent tending to pay a certain gambler since from the start which is really that very sad.

I think there is a very good chance of a fairly new casino going bankrupt because of paying out winnings by players. A fairly new casino would most likely have limited funds and if a scenario whereby a lot of players play big and win even bigger, then I bet the casino would have such funds to pay and still comfortably remain in business a lot of players that played and won on their platform.
I think this is very possible with newly established casinos as old and already established casinos would have money in their reserves to pay out big winnings and still remain strong.
If a business going on strong and profitable for years could go bankrupt, then a casino could very well go bankrupt as well.

You see that registration button, many players  ever take time to go through it but it's very important because everything and how players used the betting platform in future depends on those writing, they even get updated when they see some slight changes to favor their betting platforms. Maybe while in the past it might have occur but I doubt if there is any casino platforms that will go down because players won a big game, you should always always remember that the house always wins, before such amount will make them bleed, they will by that have made 5x from players, betting platforms have money to pay their players, they can only delay withdrawals but once you are clean, you will get paid.

Some incidents have taken place, but it is quite rare to find a casino go bankrupt. In recent days one such incident happened with a casino that even had its signature campaign running on our forum. Within a month's time the casino notified about the closing of the platform, but no proper information have been shared. Based on my understanding it was some mismanagement of funds that caused the closure of the platform. These days the terms were very clear on the settlement of bets.

Even for a new casino, I doubt that they would easily get bankrupt just because of a gambler who will win a huge prize. For a start up casino, of course they could just put a certain amount or a prize pool that they can afford to give to the gamblers if they win. But it won't be easy to win over the casino where they could end up getting bankrupt since you need to continuously win huge amounts.  Aside from algorithm, they can limit the amount a person can win for a day, to prevent losing too much.
If there are instances where a gambler keeps winning that casinos cannot pay him anymore, it's a rare case.

The casino would have so many tools for them to avoid going bankrupt that, if ever happens it could be classified as a huge mistake by the casino managers, which did not use or did not know how to use those options or tools for them to secure their bankroll.

I would be very dumb if some casino offered a huge jackpot price over 100 BTC knowing that the totality of their reserves is less than 100 BTC, just for the sake of trying to catch the attention of gamblers.  ::)

As long as the new gambling site is somehow licensed and regulated, these casinos passed the standards and criteria of establishing a well-built casino, and that includes how large their bankroll is. Although it's really possible that more players are good at playing, on the other hand, there are also lots of players that lose even if we are talking about new casinos.

I doubt there's an algorithm that keeps players from not winning. It's just that bad luck mostly happened that's why users have that mindset.

Aside from that, if we talk about new casinos, expect lots of attractive bonuses and promotions there that are mostly associated, obviously with a turnover. Most players are stuck at that bonuses and unable to withdraw once they already have big winnings. As a result, in the end, they will chase it aggressively until it reached, or worst, won't even reached it.

Some algorithms are set for casino games that make it impossible for a person to win at regular gambling. so in this case there is no chance of the gambling site to go bankrupt but since no algorithm of the site works in sportsbet so in this case a gambler has a chance to win constantly if able to predict correctly. In this case, if a site has only sportsbet options and no other casino games, there is a possibility of bankruptcy.

So what makes a casino bankrupt is when there are no gambling players? yes, it is very logical. I agree with your statement. Maybe today the casino is not profitable because of the players' wins, but as long as they keep playing, the next day they will make a profit. Casinos will go bankrupt if players stop gambling


That is a very bad thing, if the casino gives reasons that the player committed a violation/cheating so that the casino does not have to pay the player's winnings. In this case the casino can do that, I don't know whether the casino will provide evidence of the violation or they just talk about the player's mistakes without providing evidence of the violati

When bitcoin casinos 1st appeared it would have been impossible for them to go bankrupt. Most only offered what we refer to as dice and the max win was usually 1% of the sites bankroll. Keeping with only the original games such as dice, crash, roulette, etc I still think  that would hold true, but adding in slots that have a unknown factor in them it might be possible for a casino to go bankrupt.

I think there are some precautions in place at some of these new casinos such as only paying a certain max amount per week to a player who wins big. Anyone playing at any casino should always make sure to read the ToS.

Quite an interesting topic.
I myself believe that casinos that are still new and tend to be small can go bankrupt if their customers get big wins of more than 70% of the total balance in the casino's bankroll and if the casino doesn't want to pay winnings for fear of going bankrupt there is only one possibility, namely they don't pay winnings and froze the account of the winning gambler.
We can see that there are many cases where casinos do not pay out gamblers' winnings because their bankroll is insufficient.
This is a concern for all of us that you have to be really careful in choosing a casino, especially those that are new.

With the house edge I'm sure this is a very unlikely scenario to occur.

Moreover, even new casinos have a lot of money saved for investments, and an eventual unexpected victory of some player, could at most make the casino have to postpone new investments for some time.

Remembering that, no matter how much a casino suffers a big drop in the beginning, it will always do its best to honor its payments, especially in the beginning when it needs to gain the trust of the players and build its reputation, because it knows that the game is always at its disposal favor and your favor and that profit will come in time.

I highly doubt that. I've been monitoring high rollers and I can see them losing more than winning. Well, if that ever one big winner comes out, they can just get it back by putting all the damage on other players. Control the damn RTP.
Plus, these gambling sites are supposed to have a deep pocket for them to run their business so they can pay up and probably have some more to pay for other guys who can win the same thing.

But I've seen one game that went bankrupt because of one player. It's a local game though, we call it here a "color game" where players put their bets in their favorite color, and then 3 dice will be rolled with colors in it. Any color facing up will be the winner.
If I remember it right, the bet was 5000 pesos = $100. The dealer was forced to borrow money from his friend to pay up and then tried to continue. The same bet was delivered and then it won again, he paid and then closed his business in the mean time.  ;D
Big businesses like Sportsbet.io and Stake.com though have higher amounts in their vaults and I don't think anyone can put them down in one single expensive bet.

The big wins achieved by players really depend on the amount of bets they use, with only the smallest bets it is impossible for players to get wins of up to tens of thousands of dollars or even up to hundreds of thousands of dollars, and whether there are high rollers who are willing to entrust their money to small casinos because Of course, Whale realized it wasn't going to get them their money back because the casino's bankroll wasn't enough for a high roller.
The most likely casino to go bankrupt is because of mismanagement and also starting a casino with a limited bankroll thinking it will increase with the number of players, they don't take into account that many things can happen, the casino business is not a business that will provide certainty of profits there are many things that need to be taken into account, but it seems because they think the house always wins so those who start a casino think it will always happen but in reality, it doesn't always.

Don't casinos usually have a limit for wins? If regardless of that, the user somehow manages to keep on winning then they'd either try to push a nonexistent "bug" and only award a part of their funds, or just straight out ban him for "illegal" activity.

In most cases, casinos go bankrupt because of some dumb business decision making, and not due to the player. There's safety nets with regards to the limits that a player can set with each bet after all.

you already got the answer to your own question.
and one question from me, have you ever seen a casino go bankrupt? i think never.

old casinos or new casinos they all have a way of limiting the maximum withdrawal and deposit amount or even the maximum bet amount that the casino has offset. so that the casino will never go bankrupt even though its customers win many times.
you can check or try from some new casinos or old casinos and see they have max bet limits.
this is all i know and let me know if im wrong.

It is nearly impossible to happen to old established casinos because they already have huge player base. They probably set house edge right according to their income. Also they work with professional businessmen and lawyers so literally no chance unless players stop playing. For new casinos, this can happen to amateur businesses, they don't know what measures to be taken to stop draining of their income so. They can have issues.

I think it is very hard for a well reputable casino to go bankrupt because of a single huge win,in fact these very casinos if you check in the slot machines as many of them have the big winners listed there in order to motivate people and if you see some people have won the max payout of a casino that maybe x60000 their bet with a bet of 10 dollars for example and that would be enough to make a casino not having enough funds to go bankrupt but not these ones.

Of course most slot machines are programmed to take our money little by little and if a casino has a huge initial bankroll the house edge of these games will keep them running no matter how big a win may be.

Can a casino go bankrupt? Maybe yes. If the casino is brand new and the casino owner is dumb enough. ;D
Jokes aside, gambling is supposed to be a zero sum game, where the profits for the winners come from the lost bets of the losers. The casino is simply a platform and it collects it's own fee. I don't think that all casinos are like that, but this is the model, that should be followed by every legit online(or offline) casino.
There are myths and legends about all casino games being rigged, so that nobody could win a ridiculously high amount of money. I don't know if this is true or false. You know the saying "The casino always wins". Maybe there's a reason why the casino always wins. ;D

If the casino is very new and they don't have a certain amount of money to pay the winner, they can come to an agreement of paying the money monthly into the. Winners' accounts on the casino platform, that is if the online casino is a genuine business running by good people that want to progress with their business.

Most new online casinos will pay some amount and avoid paying the rest, if you make too much noise they will ban you from their platform and that's it, no coming back from that, some new online casinos have no mercy at all towards gamblers, that's why I don't like using a brand new casino.

Casino can bankrupt if they don't have a good preparation and calculation, they must not allow the gamblers to bet higher than the maximum payout of the games they listed. Usually a small casino don't care about it and they just allow the gambler to place high amount money in order to hope the gambler will lose and the casino will make money. But there's always a lucky gambler can beat the house, this is the problem.

Any potential winning rate placed by the casinos is base on what they can afford to give, that's why if you win a huge amount, they may request for your physical presence to be able to keep a track record of your winnings on their archive and celebrate your victory as well, you could imagine seing over hundred gamblers betting and hardly you find one winning out of them all, the more the casinos easily generate momey the fast they also give it out on winnings and maintenance.


There this common believe that tou can't expect everyday to be a Christmas day, we may be trying on several occasions but if the luck gives you the chance needed, you may have an occasional winning experience from using a casino, remember that this is not something byoubsee constantly.


I think some casinos already have this, they have developed a system that monitors your highest winning limit pegged to a particular amount they can afford to give base on their own standings as well.

Maybe for new casino yes if they are not well prepared for calculating the winning amount of their players. They should think about the percentage to be won versus the overall money they have so that they will not experience this huge loss then might turn a fast scam because their casino cannot afford to pay their costumers anymore.

Its just proper planning is needed to avoid getting trouble regarding on this situation.

Yes it also makes sense that the casino must also have large capital and have the right calculation preparation, if you say a gambler who beats the house is impossible because of the fact that it is rare to find gamblers beat the house, because the house will always win and get the gambler's money in full, I think it's also rare for a casino to go bankrupt because gamblers win bets, usually casinos will go bankrupt if fewer and fewer gamblers are actively playing, so no money comes in to cover casino maintenance costs and others.

I think that is the main factor, most casinos always succeed and become big if they have a great marketing team, because a great marketing team can make a casino richer, I also rarely do small casinos last long if they don't have the money to fund their marketing then they will never be big, abandoned casinos will go bankrupt because there are no active gamblers, that's all

     -   Maybe if the situation is new to the casino, it is possible for an expert gambler to beat the house edge because he is new to the gambling industry here in the crypto space. But in real life, I seem to have seen someone do this even in any news.

In addition to that, it seems that I only saw and watched in a movie that a gambler lost the casino that went bankrupt because he cleaned the banker's money in the casino.

Casinos will intentionally refuse bets that could bankrupt them, making it nearly impossible to bankrupt a casino with your winnings. If you win a substantial amount of money, they may provide you with an explanation to avoid paying out your winnings. If you decide to take legal action, they may cite laws stating that they are not obligated to pay winnings if their machine malfunctions. Additionally, casinos may choose to ban players who consistently excel at a game and accumulate significant winnings. Dana White, an avid gambler, serves as an example, as he was banned from three or four casinos after winning substantial amounts from gambling.

No, I haven't heard of any news that casino losses so much on players winning on their ground. That's why there is the house edge as safety needs for casinos to always win.

Although there could be days that they might be in the negative as let's say, there's a lot of slot players who won big, like the jackpot and all the floors are losing money in baccarat and others card games. But that is rare though, maybe just small percentage since the casino's existence. And what are the chances of that player winning big and then comeback the next day to lose everything?

It is something that can happen to new casinos if they do not study well their algorithm.
Some experts and cheats try to exploit new casinos maybe from their welcome bonuses or other means.
Likewise they will try for ood casinos but the older ones must have mastered how to handle the situation.
So it will be so illogical for a casino to set winning possibility that they cannot pay out. N

Undoubtedly, license and regulatory compliance enhance the credibility of any casino, new or old. They ensure fair practices and financial viability. Yet, attributing player losses to "bad luck" necessitates understanding the house edge. This mathematical edge assures casinos' earnings, independent of player skills or luck. Your remarks on bonuses merit attention. They can lure players into excessive gambling to fulfill wagering requirements, a casino strategy that might endanger the vulnerable.

For the established casino, I believe no. They are ready for problems like this, I've saw some post before about the casino negotiating with the gambler for a massive withdrawal. The casino is trying to do multiple payment so that they can still function normally. There are also casino precaution like max wins, if a gambler hit a massive win, the gambler can only withdraw the maximum amount on that certain spin or bet. A new casino who has a small bank roll are typically the one who is prone of bankrupt this is why most of the high rollers choose establish casino because they know that the big wins they can potentially have can be supported by the casino funds.

That's because the casino already anticipates the wins of many gamblers. Maybe some gamblers can win but not as much as others, which is a rare case in casinos. One or two gamblers managed to win a lot of money it is possible but not possible for 10 people or even more people to win from the casino a large amount of money.

And while there are gamblers who can win a lot of money, there are more gamblers who lose a lot, so the casino still takes the biggest advantage. So even though there is a possibility that the casino will go bankrupt, the possibility is very small.

Never assume that a casino will go bankrupt due to players' big wins, as they are aware of their significant advantage over gamblers before they begin operating. Casinos have limits in place, even if a gambler is highly skilled, to prevent them from causing financial harm. In extreme cases, a casino may even ban a player.

Most instances of casino bankruptcy occur due to internal management issues and regulatory problems.

You know how casinos anticipate their players' wins? For slot games, the casino can make arrangements for the slot machine to give a loss, but for sports betting I don't think the casino can anticipate the wins of the players.

If I look at the answers of other members, that there is a possibility that the casino does not want to pay the player's winnings by accusing the player of cheating or violating the ToS. What do you think? is there any chance of the casino doing that?


oh yeah, if the management is corrupt it might bankrupt the casino.

This is an important task for those who operate gambling platforms. But calculating these tasks are not complicated anymore. Because most of the works are software based. Bet results can be found within moments. Moreover, the gambling authority knows how many gamblers they have and what their betting ratio can be. Gambling platforms that have large number of gamblers are also financially sound. There are also many gambling platforms that run away with gamblers deposits instead of refunding gamblers rewards.

We don't expect a casino board to liquidate because of a player's winning, because they know how to handle extremely important issues like this, they can pay installment if the winning has become so substantial that it would affect their system, no board would want the website they operate to crash or malfunction due to heavy traffic, they already know what they signed up for before running a casino board. Casinos will not go bankrupt unless their administration is robust and stable enough to confront the possibility of big gains.

But for sure the winner would not like to get paid via installment since its unfair to the winner side to go to this point since they could not get paid if more winners will  win on their casino. This is serious situation since if they cannot pay in full meaning they might not excess for long term and that's also a big red flag to the players. They really should know more better since this is big issue if they will go bankrupt when many of their players win a huge prize on their casino.

Gambling platforms that do not provide gambler prizes are fraudulent platforms that are only created to drain the money of many players. for gambling platforms that have many users and are able to survive for a long time then they certainly have good management, but it is not impossible that they will also lose if the management is not done properly. The developer's tasks are also quite difficult, managing the gambling platform determines how many jackpots will appear. If it is not done correctly then the system will be messed up and gambling will issue more bonuses. then the active role of the developer is very important.

Running a casino is a lucrative business which is why we have a lot of new casinos coming and old casinos keep launching new promotions to entice their players to stay, the only way a casino will go bankrupt is through mismanagement and there is a lack of players playing.

The house edge will keep the casinos running for every winner there are 5 or more players losing their money, it's better for a player to play on a stable casino because their goal is to keep their casino running for a long time, that is why they have marketing campaigns in many platforms.

I think I might agree that its impossible for one user's win to make a casino go bankrupt but its not practically impossible for a casino to go bankrupt because of wins from various users.

Hypothetically speaking, lets use sport betting as example. In sport betting most casinos have maximum win per bet. So what if you place a bet that the potential win is the maximum that casino can pay for a single bet and you share that same bet with many different people, friends and family and the also share it with people. If that kind of bet is won won't that casino go bankrupt?

The chances of that happening are very low because a player that can win a very huge amount of money is only possible through a jackpot and casinos always have jackpots that they know they can afford to pay if someone hits it, but as a first, hitting a jackpot is not that easy and one can simply not hit it very easily, other than that, no game can give a player that much money which the casino might not be able to pay in full.

If a player joins a new platform, deposits a huge amount of money, and starts gambling with it with the aim to make the casino go bankrupt, the house edge will probably hit them more times than how many times they might get a win, so the casino will still be profitable even if they manage to win something big.

The only best thing to bring it to the court, that will be solving the problem once the casino was refusing to pay. The court will be creating more analyzation to make sure whether the winner was actually winning the jackpot or not.
I think that's the only way that can be done by the winner if casino was refusing to pay the user. A good casino will try to provide evidence in the court while shady casino won't do that.
It may changing its rules.

Possible for casinos with a little bankroll, but almost impossible for large casinos with larger bankrolls, such as Stake. You can tell how much money they have by looking at their bonuses. They will not go bankrupt quickly since they can afford to pay and cover their losses. The same is true for traditional casinos, new or established. It's the bankroll that matters.

Well large bookies have a big amount of bankroll so its hard for them to go bankrupt. Big bookies such as stakes already have big millions behind them so they can cover the losses. But smaller ones if they go on a bad run and someone wins big can go bankrupt easily. Thats why it is smart to always bet on bigger casinos or bookies

Another important thing we can consider is the casinos themselves, who are the developers, are they the kind of fetchy guys on hit and run game whereby they will not be trusted to reward you your winnings because they are incapable of paying you and therefore subject the gambler into going through their KYC procedures and protocols in compliance with AML and the likes appearing as unfinished task.

Yes, but not all bookies can avoid bankruptcy because some lucky gamblers can win very large amounts so that the casino has to spend more than 50% of the money stored in the bankroll but this only happens in medium to low casinos or small casinos.
Actually playing in a small casino is very risky and cannot give us pleasure because the games offered are not too many, but from my experience playing in a small casino is easier to win than playing in a big casino.

Only professional gamblers are really lucky to be able to get really big wins.

related to this problem, in fact how it works not only in casino bankrolls but other methods by paying gamblers who win big at the loss of other gamblers.
maybe some of us here have heard that the casino pays gamblers who win big at the expense of other gamblers so that the casino doesn't have to spend a lot of money in the bankroll.

but still choosing an established casino will be better and avoid the risk of not being paid.

Yes, I agree with you, I feel the same way, when playing on a new site or a small site, it's easier to get bigwin. Besides that, when we just register on the gambling site, it's also quite easy to get bigwin. If we have registered on a site for a long time, there will definitely be many lose, even in slot games when getting freespins it is always empty


maybe it can happen in slot games, but if it's sports betting, all players can win. I don't think the casino can control the result of a sports game

I have a feeling that some casinos are intentionally doing this because they do not have enough money to pay a player who won a huge amount they subjected the poor guy to complicated KYC, and sometimes accuse them of cheating when the player has been playing for a long time in their platform but only withdraws a small amount of money.

They delay payment and wait for more money to come in to pay the guy or if the casino cannot come up with a huge amount, they just scam the player, so reputable and the status of the casino are very important, so if ever you win a big amount you will not face any issue.

It is seldom for a casino to go bankrupt they have the edge and they can delay payment to avoid paying big amounts of money.

      -  So sometimes it seems that it is difficult to play in a casino that is new to the industry here in the crypto space, of course if there are only a few players on their platform and you are one of the ones who entered there and you suddenly win a large amount, it is possible that the withdrawal will be delayed you if you release it immediately on their gambling platform.

Because usually at the casino, they will make it possible for gamblers who will also use their gambling platform to pay you the deposit, but if no one enters money, it will appear that your withdrawal transaction will be delayed with them in terms of withdrawing money, unless they donate that but for sure they will delay it or they will make a way that you will not be able to release what you won.

You can't be a good in gambling. There is no way a certain group of people will make casino go bankrupt because casino games aren't purely dependent on luck. Absolutely every casino game is based on math. You probably have heard about House Edge and Return to Player. How can someone beat slots when there is a fixed RTP set on their games? For example, out of $1000, only $200 will be totally won by players in particular day. How can you get that $800? The only way is to hack casino or steal from safe.

And House Edge is a mathematical advantage too. It takes certain percentage of your profits and returns to the house. So, how do you think that someone or a group of gamblers is capable to ruin the party for casinos?

This is actually one of what is called by gambler's fallacies, the result of your gambling is not because where do you gamble, not because how small/big the casino, or not because how long you have been a player in the casino.
If you think that you get more loses than wins when you have been registered in a site for a long time, it is like you are judging the casino do something bad for your result.
On the opposite side, if it is true that being a new player in casino give you more wins, then there will be many gamblers do create so many casino accounts and use it few times only.

I don't really know how the casino can anticipate the wins of many gamblers because it's a secret from the casino that people won't know. We might be able to guess how it works but we still won't know. And not many people can win a lot of money from the casino, while others will only lose a lot.

You will find casinos that don't want to pay their winners' winnings and these casinos are classified as scam casinos so you shouldn't be surprised when you find out. And we also know that there are casinos like that and these casinos will not change even though they have received many complaints.

Yes, we often see news about casinos going bankrupt, of course there are various factors, maybe one of them is a win, as you mentioned, online and offline casinos in terms of funding methods are almost the same, fiat and crypto differ.
An example of a bankrupt casino case belonging to former US president Donald Trump.


But the percentage of casino cases that go bankrupt is low, the comparison is probably 10/1, and even then it's rare, mostly we see users/players who often go bankrupt, for example: the case that happened to Terry, William Yan, Omar Siddiqui and many others.

Casinos actually have to have support, partners and spot funds a lot to deal with bankruptcy, business partners are important to raise funds, in the event of a big win by a gambler, before the brand can take it back from the player.

I don't know about the opinion of others but the truth is that, there is some form of algorithm that helps get the winning in check and there is no way a player should win more than what is in the casinos reserve.
And that is why you always get to see the odds of new casinos drop if compared with older casinos in competition.
It is very possible for a casino to go bankrupt and it has been reported a whole lot of times on how casinos go bankrupt  but I couldn't remember them mentioning a gamblers winning as one reason while a casino ever went bankrupt.
And since the ratio of winners to lossers is very low, I also think that's an advantage for the casino against players.

Your observations on the fundamental numerical concepts of casinos are, in fact, correct. Still, it's too sweeping a statement to say that the house always wins. Even though casinos have a statistically significant long-term advantage (the "house edge"), players nevertheless have a small chance of experiencing short-term success. Let's not forget that "variance" might occasionally work in a player's favour.

Long-term, the odds are in favour of the house, but any given game could prove otherwise. Also, we shouldn't discount the role that ability plays in games like poker and blackjack; it can change the outcome, disproving the idea that the house always wins.

Yes usually they closely monitor the PnL of each customer and if they detect anormal sustainable profits, they start to ask them endless additional KYC, they accuse them of breaching their ToS by using other accounts, being in a restricted location, using prohibited techniques and means, etc. So good players are generally discarded long time before putting the house bankroll at risk.
Besides that, all casinos set the maximum stake at a safe level for their bankroll, so a normal player can't bankrupt the casino with only one big win. It can only happen if several customers make big wins at the same time afaik.  

A casino site, whether it's a big one or a new one, can go bankrupt if the number of customers is reduced and it's not managed properly. If the number of gamblers decreases drastically, the income of a gambling site will also decrease, so they cannot afford employee salaries, building rent, marketing costs and so on. Because Every gambling site To remain profitable and not go bankrupt, the casino site must generate sufficient revenue from gambling activities to cover the above costs.

Of course the bankruptcy of a gambling site is not because the players always win big, we know that gambling is a ratio scale game, for example we are told to guess as many as ten times the side of a coin that is tossed (pictures or numbers).... in ten times toss the ratio we can guess it is very rare to be able to guess everything exactly (unless you are very lucky or you cheat the coin that was thrown). That's why the dealer's position is always superior to the players, because they are already capitalized with a winning ratio, because it's very rare for someone to be able to guess exactly ten times the coin toss.

This scenario is very hard to happen and very hard to imagine that it would actually happen, I mean it's not totally impossible in a certain way but given the fact that the casino got a vast amount of money on their stash also mean that it's kind of almost impossible to do because that player/gambler will have to accumulate all the existing and remaining luck in the world in-order to get a very massive win and make a casino file for a bankruptcy.

Actually, It’s happening a lot on man smaller casino or new casino that’s why there’s a lot of confirmed scam accusation agains small or new casino. These casino is trying their luck to enter on casino industry using. small bankroll that’s why they are being dominated by whales with greater bankroll to them.

It’s really near impossible to make big casino bankrupt because because of the betting limit set by the casino. Casino already calculatd everything and use a bankroll that can withstand a multiple jackpot win because of this limitation.

In the history of gambling there have been cases where a gambler won a large sum in one of the machines, but the casino owner proved that the machine at the time was in improper condition and the win was an error. The gambler was given a certain reward (of course, compared to the winnings is very small) and the case was closed. So I think that the probability of the casino going bankrupt because of a big win by a gambler is negligible.

Yes this is very possible and this kind of scenario typically happens in new established casinos.

I remember that there was a thread created where it provided a list of people who were intentionally kicked out of casinos for winning too much. Though these casinos did not go bankrupt, the fact that they recognized the winning spree of a person implies that their loss beginning to dominate over their profit. This explains on why some casinos ban other players for winning too much other than the reason of bad attitude, etc.

The casino is a company, and to build a company should have management and figuring assets by professionals. That is bad management if the Company goes bankrupt after a player won a big cash, what employer did? and is the operator sleeping?, Damn, I never hear that a new company/casino goes to bankrupt after a player won, I often hear about a new casino with bad management stealing customer money. So if you want to build a casino, you should have prepared 2 points; big capital and good human Resources management.

have you forgotten that all favorite teams can lose?
if we say that all players can win but we should be able to see from the back side that there are also gamblers who bet on the favorite team with a large amount and lose like the case of someone who bets on the underdog team with a bet amount of $ 1 million but the result is the underdog team loses. from this incident we can calculate the number of people who lost with the lucky ones choosing the opposing team.
so from this we can see that not only casino games but sports betting can be used to pay players who win big so as not to drain the bankroll too much.

For the big casinos, this is unlikely. But in the new and middle term of their operation, this is possible.

Yeah, this is a business that the management will determine it these incidents are likely to happen. They've got a lot of money ready to be deployed if ever they ran out of it and someone wins big at unexpected time. They've got ways of controlling winning players like discouraging them and limiting their wagers.

This happens because casino managers want you to become their loyal customer when at the beginning you can get a lot of wins and when it's been a while the casino will take over the profits with you experiencing frequent losses.
This will make you curious and keep depositing some money to play there and when you are really lucky to get a really big win then you lose all your winnings because they don't pay what should be yours.

Not all small and new casinos are like this but most of them are and there are plenty of cases out there.

Your keen observation underscores that a casino is more than a playground of chance; it's a complex enterprise requiring shrewd leadership and significant funding. The glistening facade of the gambling world often masks this truth. Success hinges on strategic vision, solid fiscal planning, and adroit management.

Contrary to popular belief, substantial player wins don't precipitate casino insolvency - the house edge nearly assures profitability. Instead, poor foresight, ill-judged investments, or possible deceitful conduct usher a casino's demise.

And yes, top-tier human resource management is paramount. A competent, professional team ensures seamless operations, regulatory adherence, and stellar customer service, encouraging customer loyalty and return patronage.

Yes I agree with you. It seems I forgot something. The casino has a corporate structure with multiple complex divisions. Perhaps managing a casino is as complicated as managing a bank, because they both handle money.

Casinos must have very strong sources of funding so that they can always pay out players winnings, That is the casino's best way to have solid trust. Just like a bank that must be able to cover the credit of each creditor. Apart from that, the promotion and marketing side must also be reliable, so that there are always people playing at the casino. I think casinos are just like any other company, and every company will go bankrupt not because of customers, but because none of the customers come.

Maybe if a casino goes bankrupt, it's because of bad management. It seems that the casino will not go bankrupt because of the players' winnings

So the casino does have the power to control players, so they can't always win big. Perhaps, only a few players can get big wins, but others will suffer big losses. A casino that owns its business will not allow all of its members to win big. And if a player who wins big doesn't stop playing, then that big win might turn into a big loss, so that will eliminate the money they won before. Even so, casinos still have the opportunity to go bankrupt because of their players' winnings.

Yes, it can happen and FYI not just a new casino even the oldest casino may suffer due to big wins and few of them also closed too even after once they were at one of the most preferred site for crypto Gambling so owning the casino has also risk but the odds of happening depends on the management of the site. Let's assume that a player wins a huge amount of money, it can definitely affect the casino's finances and lead to bankruptcy if the casino doesn't have enough money to cover the winnings. However, most well-established casinos have measures in place to prevent such a scenario. Here are some ways that casinos protect themselves from big losses due to player wins:

- House edge: Casinos make sure that they always have an edge over the player in the long run. This means that even if a player wins big in the short term, the casino will still make a profit in the long run. The house edge varies from game to game, but it's always in the casino's favor.

- Betting limits: Casinos often have limits on the amount that a player can bet on a single game. This helps to prevent players from winning too much money in one go.

I don't think this can ever happen. Wagers from gamblers are not the only ways that casinos make money. There are other ways casinos make money that is in their business model. Some land based casinos have bars, lodging facilities, and other things attached. Therefore, no matter how much a wining a gambler makes, they'll make payment comfortably. This is however not for very small casinos without investors. Small casinos may not be able to handle large winnings. It may not bankrupt them but it would have grave consequence on the business.

I think the only power the casino has is the bet size that they can allow in their casino platform.  I do not think the casino has the power to control players since players have their own free will whether they will agree on the casino's implementation or not.  Player can always quit and not return to the casino if they find them unreasonable.


I disagree, the casino don't have control whether their player will win big or not.  It is not up to them since gambling result is random.  If they manipulate the bet size and other features of the game, then it can backfire to them and players may find them not trustworthy.  So instead of saving the casino from bankruptcy, it may become the cause of the downfall of the casino because players are migrating to competitors.

Speaking about land based casinos then this is actually true on which there are other ways or sources on which they could make out some revenue but not really that much or as fast comparing if its really into those games  been offered. When there's someone who do able to make some huge winning then its really that a huge loss for them because we know that it would really be taking a huge slice on their profit or revenue
but casino owners are really that confident that they could be able to break even or getting it back over time considering that casino do always  win in the end. They do have the advantage most of the time
on which if ever they have been able to recently won by some players but gradually it would really be able to take it back and this is something a very common cycle that could really be having
on a gambling business, same goes into those online ones too.

Yep, at least one of the factors is the criteria as you said. So, we're in agreement. in fact, to build a casino is not easy, even though the casino is online-based. there are many mechanisms that must be known before building a casino, at least the earliest is sound logistics. if a developer does not have healthy capital, they will find it difficult to build their site to further develop. so ideally developers who don't have adequate funds, they will first look for investors to build their gambling sites. not to mention the license issue, at least the license issue will also cost a lot of money. not to mention to recruit workers who handle their respective fields.

At least if the casino is built professionally, it is unlikely that they will go bankrupt. except, problems with local law enforcement.
As for casinos that go bankrupt, chances are that they are handled by amateurs and bad management. so that in the end, they went bankrupt. but in fact, we rarely hear that there are casinos that go bankrupt. moreover, because there are users who win big bets.

I also agree that it is the risk management team's fault that a gambling casino goes bankrupt if there is an unusual turn of event that happen like a series of huge wins, but there are incidents where the casino got a series of unexpected big wins that can empty out their bankroll and we can't blame the management team.

Big capital is a must for a casino, though I wonder if these casinos created from crowdfunding can be able to withstand huge wins from their players.

Yes, the gambling platforms have more other businesses connected to them. In one day way or the other the platforms generate revenue which makes settlement easier and never get into bankruptcy. Some small casinos may suffer the problem of going down in business due to settlement of big wins. Most of the online casinos used to start little by little and progress good in the business. Such large win settlement will surely cause some drag down in the progress towards the next level of growth and business generated.

If there will be someone who could funnel money into the platform then perhaps it's a yes, otherwise the casino will easily go under and with it are the money of those who have chipped in some money to make the platform a reality. Moreso if the platform doesn't have any volume apart from its regular users then there's no way they could delay giving out the winnings while also keeping the business intact.

Creating a casino is for the deep pockets, or those with connections with deep pockets.

Every organization needs to have a risk management team. This risk manager should be in a position to inform the casino of the limit of the risk they can handle. A good risk management team would always advise the casino on how to avoid taking risks that will affect the business negatively. Any casino that risks more than its capacity to carry or bear will definitely have bankruptcy issues. If they don't have the finance to employ a risk management team there are corporate bodies that offer such services, so they can employ these firms to carry out periodic risk management evaluations.

I am not a fan of relying on other sources of revenue to finance a casino. The casino should have a separate capital base different from other businesses own by the owners or the management. To make the management of the casino easy and less complex the business should have it's independent funding. What will happen when the business connected to the casino experience losses? I have never had any bad experiences due to casino bankruptcy. It might be because I prefer using reputable betting companies.

Even if have a small capital, but with has good human resources with talent, that possible that casinos (with small capital) will succeed to compete with other casinos. Because nothing is failed if employers work for each other, they must fill each other employer's deficiencies. For example, if overwhelmed answering support from a customer, another employer from another division must help him to get a good impression, even if it is small things, the casino will get a goods report from the customer if serv to rating,

No, I don't think this is possible. First, there is the house edge which is enough protection against the players. Second, if there is somebody who has the pattern to be lucky, the casino could actually prevent him from playing further or, if not, his playing time could be reduced. Third, the casino is probably not crazy enough to offer big prizes and bonuses that if won would bankrupt them. When they offer a jackpot, although it can hardly be won, they know that somebody could be lucky enough to win it. So they must have already prepared the money for that possibility.

Casinos usually have funds that they prepare for the biggest possible win that players can get. that is if the casino is operating healthily. so it won't bankrupt them even though one of their players wins the jackpot.
moreover, there are more players who will lose than those who will win. so all the games have been planned by the casino. how they distribute wins to players and make them lose.

It is close to impossible because they have already budgeted for it; for example, in slot machines, they already have those funds and still can run the casino. We know that casinos are businesses, which is why they earn a profit every day, which is bigger than those who win big. The only reason a casino can go bankrupt is if someone wins big and their money is only enough to operate their casino, but that is bad management, so it is still impossible.

Well, it's rare for a casino to go bankrupt since the games are favor the house. Therefore majority of players are losing their money than win. So if it happen that a gambler win huge, it doesn't affect much the casino unless there's a bad management and the funds are not sufficient to cover the player's winnings.

Casino is a business so certainly they're prepared for such situation. But all businesses have a possibility to go bankrupt if there's a mismanagement especially for the one who manage the expenses.

Basically, a casino business that opens up for the public only with the intention to steal money from people once they gamble with them will never really care about a budget or a proper management system or anything like that, they will simply create the platform by spending some money, open it up for the public to come and gamble with them, they will even spend some money on promotions, but as soon as they get enough customers depositing and gambling with them, they will start scamming their players.

On the contrary, a team that wants to open a legit casino and doesn't intend to scam anyone will surely have proper planning, and a good enough budget, and they will think through it which will make them evaluate all kinds of possibilities which will remove the possibility of them going bankrupt only because a gambler wins big.

You're still included a player winning big as the reason going to bankrupt, so it don't mean casino going bankrupt because of bad management alone. Since there are many casinos went bankrupt, you're wrong if you say it's close to impossible someone win big amount money would make the casino bankrupt.

A casino will not always make money everyday, the casino just has a higher chance to win than the gambler. If the problem is come from the management, it can be solved easily by paying them with higher salary.

Yes, you're right, I rarely even hear of casinos going bankrupt because of someone's big win, so far, even if someone wins big, it's certain that their money is there, so there won't be a shortage and it won't bankrupt the casino, after all, the casino will always win against gamblers, that's why it's hard to say casino going bankrupt if we get one winner out of ten thousand losers gambling, so it won't be worth it

I think the ratio of the number of winners and losers will certainly not be even, 1: 10000 I think it doesn't matter if you throw money at someone's victory, the casino is not stupid, they already have a system for how to win against gamblers and how gamblers can continue to play against them. that's why casinos can never go bankrupt unless they have no active gamblers because no money goes into their pockets.

Casino sites deduct a certain amount of bet fee from each gambler which is a separate benefit to them and from this they earn a huge amount of income. on the other hand, the casino site get commission for broker from game like Blackjack. So gambling sites have very little fear of going bankrupt and I have yet to see such sites but casino sites can be scams but the casino site is responsible.

No casino can go bankrupt with a single player making big wins but with a few players making huge wins this will become a potential risk. Especially if a new casino encounters such a situation there is a possibility that it will not be able to meet the required payment but an old and popular casino will definitely not be at risk of going bankrupt in such a case. Since the cashdesk is always the winner in gambling casinos with a long history will not have any difficulties in paying possible big customer winnings.

On the other hand, due to the nature of gambling games many machines or games have been developed to win many times more than they will win. For this reason, all casino services that do not have a capital problem do not experience any financial problems if a few possible people make big profits. So it's almost impossible for a casino to go bankrupt like this. It is unlikely that such a casino will go bankrupt without various supporting reasons.

The casino isn't profitable from just a few losing players but as you said there are lots of ways to split the profits they've set up. In my opinion, it is unlikely that the casino will go bankrupt because before they start, they have prepared everything, the casino has the right strategy to get big profits and in my opinion, it is almost impossible for them to go bankrupt. The aim in this form of casino is none other than to gain significant profits from gamblers and the target market is gamblers who are easily influenced or provoked to do it again, therefore in my opinion there is very little chance of a casino going bankrupt.

the simple understanding is that the house edge always benefits from every budget we deposit in gambling and when we play one of these games. so that the casino always gets a bigger profit opportunity and on the one hand the casino always provides a maximum limit on the number of bets of its customers so it is difficult if the casino goes bankrupt because every casino already has a system that limits the maximum bet amount.

Casinos already know how to handle this possible situation. They surely encounter this often times especially if a player is continuously winning but I don't think it would cause them bankruptcy as they already know how to take control of the player's activities by limiting the number of their bets.

Also, casino is still a business and owners already have enough funds for this. They will not run a business without enough capital for the winning players especially popular and huge casinos. This could only happen to new and small time casinos that aren't being well-managed financially and technically.

Casinos won't run a business without further knowledge on how to keep it running. They know where to get source of funds to sustain the prizes. They have lots of resources to get their benefits and funds from.

I think you are right when you say new casinos only have luck-based games, because I noticed this a lot of times every time a new casino came out. Usually, they only have a dice game if not crash game, then later on they slowly add more games. The final game/category that they will add will be sports. Even in a skill based games, there will still be a chance for the gambler to lose no matter how confident they are.

This is where the casino can earn more money because basically, gamblers can risk more money here than the luck-based games. A casino can bankrupt not only because most of the players can get lucky but also because they experience a problem like they get hacked or the funds were misused by the owner.

They can adjust everything as they're the owner of the casino business, so owners can do that and they've got unlimited power to adjust everything favoring them. But if no one is winning such huge wins, that will be noticed by most players. Not a problem for them to allow someone to win big or just a few of them but look at the games that we're talking about. Because if they've got no control over it, I mean if it's about the luck-based games, people will win no matter what chances they've got.

I don't think with established ones.

I think so. The more users each casino has they will get more revenue. They get a certain amount of money as house edge. Gamblers have losses but gambling platforms have no losses. A good gambling platform is careful enough on their fund that sets specific limits on bets. For that reason it is almost impossible for any casino or gambling platform to be bankrupted due to the winnings of gamblers. The biggest reason why gambling platforms are growing faster than any other business? High profit margin is the main fact behind it.

A new casino can easily go bankrupt if a player win very big, and most casinos will try so much to avoid paying up, you need to know the steps to take to make sure they pay, you will need the help of a lawyer to guide you through steps.

This is why gamblers need to be careful with the casino they choose to take risks, some casinos can evade payment if the money is too high and believe me they can decide to close down the business because of that single win just to avoid paying up, do not use a new gambling platform, until they have worked a lot on their reputation and they are still in business.

The risks with new gambling casino is higher than the old casinos, there are things new casinos are capable of because they are still new, some are not even registered yet and they are looking for many customers, choose your casinos wisely.

There's nothing new anymore under the sun because we cannot completely concluded that there's no impossibilities with having this kind of occurrence with casinos because not all of them are  are reliable even though the rate this occurs is very small, only attributed to those unreliable casinos which may turn scam by not giving the permission to claim winning on their platform because you just hit their iceberg, but when a casino used is of good reputation and you have no issue with their kyc requirements, then you should be able to always have your money back when you win.

That's right.
Pick the best casinos where loads of people have already proven their legitimacy to pay up even if big amounts are being gambled. Let's take Stake.com for example with lots of gamblers who are betting up to 1 Bitcoin or more. Then there's Drake who puts in hundreds of thousands of dollars whenever he feels like he can win it. Like that Adesanya fight where he profited millions of USD.

Bankruptcy is just for small-time casinos and whales won't go there yet unless they have proven they have the capability to pay. Big-name casinos like Sportsbet.io and Stake.com won't damage their names and their business just because of an amount they won't be able to pay. It's a big company with many investors too, I am sure they can loan an amount to this name just to continue their business and of course, there would be interest rates upon borrowing money from them.

I don't believe that's the case for the casino to go bankrupt. Because like any other business, all of them have that allocated with enough funds to sustain their business in the long run and especially in difficult situations of business like this. They could have emergency funds or reserve funds. There are also times that if the player won a lot and too often, casinos will consider this as an anomaly or a player is cheating so they won't release any money until proven that there is no cheating.

There is no cheating in terms of every single game in gambling, however, there is when in terms of their system such as withdraws of your wins. More often when you win a lot, they won't allow you to withdraw it.

That's what casino owners can do but won't do it or cheat players not to win because it can bring down their reputation. This is also what a reputable casino always maintains, it can earn its reputation through many things and will not waste the trust of its players. And if it's a luck based game, many players cannot win big money because it depends on how good the player's luck is. So casinos don't hinder players from winning and do a lot to adjust everything to their advantage.

This underscores a rarely discussed aspect of the gaming sector - the casino's own trustworthiness and fiscal stability. True, an emerging casino may not have ample funds for sizable wins, but let's remember the rigid regulatory framework that governs this industry in numerous jurisdictions. Casinos must hold a specific capital reserve to handle significant payouts

Legal channels are open for punters facing payout refusal, though they can be time-consuming. Your advice to engage a lawyer in such situations is prudent

A further path is third-party audits of casinos to glean insights into their fiscal health and operations. It opens a fresh conversation for the gambling fraternity and regulators

Yep and it rarely happens. But I think I read a thread before in this forum that someone won a jackpot prize but the casino didn't release the money and I think they come to the point that they need to talk about it in the court because of that thing. Casino earns a lot each day and it is nearly impossible to get bankrupt maybe they can hold your winning prize because of whatever reason they have but they will not go bankrupt for sure, I never heard a casino goes bankrupt because someone's win.

Casinos that has limited budget and suffered a huge loss because of the players' huge win often times pay the player in tranches so that they operation won't be affected that much and that also give the casino time to collect the amount to pay the player.  They do that kind approach since they don't want to scam the player.


Yeah the house edge gives the casino a breather and an advantage over the players.  We all can attest to that since we often lose than win when we gamble.

Casinos going bankrupt is very rare. The major reason that could turn the casino go bankrupt will be the poor management. All the games added to the casino generate money favouring the house. The casinos keep generating money and it is the responsibility of the casino owners to invest it further on some other businesses. Casinos is a business where big money comes in everyday. We were able to see people who don't know how to spend money and loss everything when they get big money all of the sudden. Such scenario shouldn't happen, which is the real cause a casino could go bankrupt, but it won't happen these days.

The user has obviously done that and then, a large part of it went to a “supposedly” statement which has everything being unreal about it and that could translate to mean, not happening.

Casinos do go bankrupt and out of business but, it takes more than one big win to bring about such fall. There has got yo be under underlying but being managed issues, ranging from scammers, those that exploit vulnerabilities in the system setup, bonus hunters and loosing of customers to complaints. It’s always not a very patronized idea to not deal properly with customers especially, on there wins.

Ive read stories of casinos going bankrupt, they went too far in trying to secure a high stakes player.  He made the terms of the game in his favor to such a great extent it cleared out all available cash from the casino bankroll.  This would be very serious as they can no longer continue with normal business, I know they certainly watch for fraud as the idea of running so many games only works if the odds are constantly within known parameters with some house type fee for the casino.  
  Casinos have costs and employees to pay, they might even have to pay interest on their bank roll, bonds, equity returns etc.   I think its definitely possible for a lack of cash its not as simple as it appears to always pay out instantly as is the great attraction to gambling but most after closure would be looking for the fraud reason or some bad management of the games.
   The biggest answer to the question is lack of liquidity and just lack of players, if fixed costs are too high then the casino is losing cash on a % basis per game operated so player count and traffic is important so far as I know.

The other reason Ive just read is taxes, of course a large tax liability could cause great problems for any operation.   Casinos definitely have large costs with all the paperwork required to stay in the right jurisdictions and legal framework.  This is a general worry for crypto overall at the moment unfortunately, paperwork and financing costs prior to making cash over a year is why its work to operate successfully - https://calvinayre.com/2020/03/12/casino/austrias-concord-card-casinos-goes-bankrupt-over-tax-debt

And when a player wins a big amount they can delay payment with the excuse of investigating the win while at the same time waiting for other players to lose to accumulate money to pay their winner, the casino always has an edge if they have big users and VIPs they are not just going to go down because of player wins, it seldom that casinos have 2 or 3 winners of 5 or 6 digits and if they cannot keep up anymore they will just scam their winners

depends if what kind of casino are we talking or means here , If the casino is new and suddenly being played and win by luckiest player on earn?
hitting  jackpot just like that then maybe it will bankrupt .
and also there are some casino that created to scammed players and even if players only win regular amount they will gone and
pretend to be bankrupt and closing.
but if this is about legit and long running casino then I believe that this may face another area to fall that bad.
but I never heard such till now telling a casino ended like that because of player winning .

This does not happen with trusted casinos that manage their bankroll well and limit maximum bets, as has been pointed out throughout the thread. I used to invest in casino bankrolls and by tracking them you could see from time to time a big drop in bankrolls due to a big whale getting lucky, but never going bust. Although the bankroll always recovered over time and kept going up.

I mean, it's not the player who wins the jackpot, the casino goes bankrupt immediately. I mean so many players get winnings that the casino goes bankrupt. I also don't think casinos make profits every day

Like companies in general, casinos need to provide large-scale promotions, requiring large funds. In addition to promotions on sites such as (freespins, cashback, deposit bonuses, etc.). So the need for casinos is also very large. If no gamblers play then they make no profit. Moreover, casino taxes are very high

In the past there were also many ICO projects about casinos, but many failed. They failed to bring in players, failed to compete with other casinos. Without players, the casino is bound to go bankrupt

That's obvious example to casino doing mismanagement and can't exactly find funds to pay back. Those must be very very rare... I think it can't be that hard to budget a casino considering its decades old business and there are many professionals you can get help from. But in that example casino seems very amateurish. If thing go to court in developed countries it was obvious customer was going to win. That's another cost which could be avoided by better law guidance.

Any organization can go bankrupt if they are not managed properly. The same case can be applied for both new and trusted casinos. First of all they have algorithm to safe guard their liquidity, they won't allow you towin big in any circumstances. If they do allow they would then the gambler might have been depositing big deposit to gamble. One of the reson why it is always a lucrative business, if you know how to manage it.

The important thing is everyone can be happy to get what they want. And if a gambler loses, they will still try to gamble again, and many will deposit more money. But after trying to play gambling again, some will win, and some will still lose. After all, the losing gambler will still be curious even if the casino doesn't do anything to the gambler's detriment because it depends on the gambler's luck. The casino continues to earn the trust of its customers and can continue to run its business while the gamblers continue to play to win.

That is if the casino still has the funds to continue its business. But if not, the casino has to complete the payment while waiting for the funds to be ready so that gamblers don't think it's a scam casino. And that's what casinos that are really serious about doing their business do, and casinos should be open and explain the situation and conditions to the players so they understand. With such an approach, the casino will not lose its reputation and can still run its business well.

Obviously, that's where the phrase "break the bank" comes from. I haven't seen it happen but it has happened. Casinos won't close because of that but their value might drop. In last decade someone won $6 Million in Atlantic City, and casino refused to take any more winner's bets. (which is understandable).

I am certain that these days casinos are prepared for higher winnings and are insured for that kind of abnormal winning streaks. But i think it's even possible only in physical tables.

A normal reaction to have with these kind of business on which if they do see someone whose really that always winning then for sure it would really be banned on a certain place which its understandable. It is really one of

the main risks on running a gambling or casino business is on having these lucky winners which would snip out that huge revenue of yours as an owner. You wouldn't really be easily get bankrupt since you would really be

setting out limits according into your capital and having the safe point on which you do know that you could slowly recover incase if there's a huge win. We cant really be able to tell on how fast they would be able to
replenish on what they have lost but we know that house do always win in the end which it would be not shocking if they would be able to patch it up in no time because gamblers would really be keeping on
coming back and trying to seek for more winnings which is something that circles around on gambling industry or simply on what it makes that relevant and keeps progressing.
Gambling industry is getting bigger and bigger as years passing and its totally known on whats the actual reason for that.

Another common point I have just remembered in every day usage almost by big gambling or companies which offer large gambles to an audience is insurance cover.  Literally to make a large win possible you must absolutely cover that event actually occurring, its very bad practise to rely on nobody ever winning the largest prize (in fact that might be fraud in some cases Im not qualified to say).   Its the job of a casino to cover the event of a largest win occurring on one night, so the companies I'm thinking of and its often involving some TV or sponsored offer they must get insurance underwriting from a very large firm specialising in calculating odds of these events happening.
  To me risk is normal so this is almost a rule which can apply to every business there ever was or will be.   The other sad option taken I dont like it but often the disclaimer small print idea, just deny any ability to win above 100k for example.  I really dislike this, its unfair on the customer to limit their win but it is common and who the heck reads small print; barely anyone :/

Things are much more transparent in sports betting where there is less chance of the house going bankrupt. When a sports betting session takes place where there are bets on two sides, there is no chance of the gambling platform going bankrupt rather the platform can earn some fixed profit. However, it may be slightly different in the case of casinos. Since the house always wins, there is no chance of the casino platform going bankrupt. If there is efficient management then the house will always be in profit.

Yes it's a fact and true that new casinos won't let winning gamblers withdraw big money from their site, let alone they maintain their liquidity, bankrupt casinos seem hard to find especially just because there are winners with big wins although there is a possibility the site will disappear and become a cheater casino with any reason will dissuade the gambler from withdrawing the money then they freeze the money for some unreasonable reason to keep the gambler from withdrawing the money.

But the case that I often see is that casinos go bankrupt because they have a bad management and marketing team so that their casinos are not really looked at by new users to gamble, because casino gamblers will go bankrupt in time because they will be burdened with site maintenance costs as well without any income. . it's rare for cases like this to go bankrupt because the player wins big

A new casino that wants to get its reputation must be able to provide services and have large funds to avoid bankruptcy. By having large funds, casinos can run their promotions and pay winning gamblers money, especially if gamblers manage to get big wins. This is considered important because gaining the trust of users is not easy. If the casino can pay out those large winnings, the winner will spread information through social media, which will help promote the casino to get more users. And when a gambler wins, the casino should not make it difficult for the gambler to withdraw his winnings because this is related to the reputation he will get if the casino makes the process easy.

Never heard of a casino going bankrupt due to player winnings. Casino games usually depend on luck and good legitimate casinos are less cheated but not bankrupt. New casinos tend to be less reliable. Participation in these is very low and scams cannot survive in the market for long. These types of online scams are widespread and sophisticated. It may seem like you're finally going to get your big win, but the process is often deliberately complicated and long, and most people give up halfway through and lose their deposits. Therefore, even if the casinos give big wins, the sites should be researched well.

Behind one player who gets a very big win, there are at least 100 people who lose, maybe more, that's the situation that happens in casinos. If so many people lost there is no reason the casinos would go bankrupt. Casinos act in the same way, every game that is there has been set using a system. If you think there are people like the god of gambling like in the movie (God of Gamblers) maybe there are no casinos that still exist today.
New casinos may go bankrupt due to several reasons, due to lack of visitors due to lack of marketing, bad luck may befall casinos due to high business costs, paying taxes while their monthly income is not much different from expenses.

It won't happen again. Almost all of casino is now having limitation for how much max win that can be won by its users. Casino will try to consider its liquidity first before try to put how big maximum price that can be taken by its winner.
I think that if it's an old problem. I rarely saw it happen in the past. Even if there was such case and casino may not fully paid its winner.

I meant i never heard casino goes bankrupt due to pay winner of its jackpot.

But casinos not paying the jackpot winner occurs all the time. The newly launched casino that has a limited bankroll can go bankrupt when they all exert all their funds into marketing that never work. A ton of them just close shops after a year of struggling.

If this user https://bitcointalk.org/index.php?topic=5458169 will try his method on the new sports betting like Betfury, the casino might really find a way to suspend his account and accuse him of cheating.

That's true. Some operators allocate funds wrongly. Some are are eager to advertise their casino to the extent that they add extra funds for it without having the right strategy to execute the project. This becomes one reason for the casino to start crumbling and eventually go bankrupt. A casino that doesn't pay for big wins will also eventually lose its reputation as well as its players.

It’s ironic because Betcoin.ag has a record for not paying their players that win a huge jackpot amount before in the past that ruined their reputation before. They just manage to recover their reputation after promising to have a better service under new management which really happened.

Casino is already implementing max win on all of their games to avoid being this kind of tight spot. Their bankroll is protected by this max win to limit the loss to not exceed their budget for a continuos opertation.

yeah , casino has a huge earnings everyday. it will not go bankrupt in just a few second. it is possible maybe if 100 of people win in just a day with jackpot prize , but it will not never. algorithm will not let them win especially if that online casino is real , of course they need to earn some fund as well to operate. But again never heard casino go bankrupt.

Yes, I managed to read something about that thread in this forum as well and I think it was a story of a man where the casino refused to give the winner the exact amount of what he had won as the casino told him that there was a glitch or some problems with the machine when in-fact it wasn't the man's fault and the casino has a responsibility to pay what they owe him. Hopefully by now that case is already close and that the court favored the man and got home with the winnings.

If a casino hypothetically goes bankrupt, the bet-player variable is affected, but not immediately, at least online. I know of online casinos that have closed due to performance, but I have never read that a player's hit would goes bankrupt an online casino immediately.

Not so in physical casinos, where you can get several cases where players have affected the cash flow or daily payments established by the casinos, technically a casino can go bankrupt but the flow of losses at players is so great that it recovers in matter of hours.

There's a guy named Kerry Packer (http://Kerry Packer) who managed not once but multiple times to leaves  bankrupt casinos.

I am not aware of any casino which is going to bankrupt due to player wins. If any site is not scam then there is no possibility of such complaints. There are some scam sites who after running the business for a while plan to make money by scamming. Any such casino platform can hide itself by declaring bankruptcy. But naturally any casino platform has no chance of loss. So I don't think they can go bankrupt. If a casino has a low number of users then that is a different issue but it cannot be due to a player's win.

the casino business which has the goal of defrauding customers by surviving for a while and after getting more customers and heavy traffic this will show some problems from the very beginning of this casino business. Like the case of some scam casinos with the excuse of going bankrupt, they initially came here claiming to be officially licensed casinos and some people believed then made deposits to the site, but here we have lots of smart and experienced gamblers who can tell that the casino is indicated to be a scam from several problems.
so a casino with dirty aims like that won't last long even though they benefit from defrauding their customers but they will continue to do this by changing other sites to different hosting. from this incident as a reminder for each of us to always be careful with casinos that have low traffic.

Yes, the possibility is very small and it seems like it may never have happened. If there is a jackpot, it is certain that the casino has previously estimated the nominal and has prepared it so that they can offer the jackpot because they do have the money and from the jackpot promotion it has actually become a very effective marketing way to attract many people to spend a lot of money to play gambling there. So the possibility is very, very small. But if for other reasons, maybe. Like losing its users for some reason, getting hacked or theft and other reasons.

Seeing it from a higher point of view, yes, a casino when it starts some appeals to capitalize with the money of its players, and that is a practice that seems very reckless to me, because when launching a casino they do not have enough money to endure certain losses, and as there are always whales that enter and play with a large amount of money, because sometimes there can be some cases where you can't do more, so there are many casinos that here in the forum appeal to that, they do badly but they don't declare bankruptcy, but they insist and then start with the withdrawal problems.

I guess that is the starting point of the failure of some casinos who have failed to pay out their players winning due to is high amount,  this mistakes can be as a result of several factors on the part of the casino and one of which is lack of adequate liquidities to sustain the business before lunching the casino, because it is very important to have a good capital before starting up a casino business since the probably fair systems works in both ways.

All these withdrawal problems and casinos going bankrupt can be checked if only bettors research on reputable casinos that have stayed a long time. Those that have license also is important because they would have gone through a registration requirements were there start up capital would have been investigated to see how much they can carry but before a casino goes down there are signs you could notice especially if there are series of backlog of awaiting withdrawal. Again, someone need to be careful with new casinos since they are barely starting, they might have nothing to lose if they don't pay big wins .

That is why most gamblers avoid playing at brand new casinos. Besides the risk of the casino being a scammer from the beginning, there is also the risk the casino is legit, but doesn't have a decent bankroll size to afford the initial big wins from whales, which are susceptible to happen on short term. That lack of funds can be a logistical mistake from casinos' developers and managers, although they have real intentions to stay on the industry for a long time.

What can help the house to prevent this kind of issue is to set a maximum bet size proportional to the maximum amount the currently have on their bankroll. So, the bigger the bankroll of the casino, the higher maximum bets will be.

Unless the casino is not ready for a surge in players and those players manage to win the jackpot, the casino can lose a lot of money because it does not prepare a balance that is more than sufficient to pay out the winners. It can cause a casino to go bankrupt. Still, usually, casino owners expect this to happen in their casino, especially if the casino is aggressively promoting their casino in many places, including on social media. But even that has been anticipated by casino owners by providing large balances to pay the winners. But the winners will be a few and can only be won by a few users while other gamblers will experience big losses. So, in this case, it is less likely for the casino to go bankrupt because the users hit the jackpot.

Usually the casino will give an excuse by freezing the gambler money, investigating the account, ask a long time to wait and confiscate the funds with the reason of breaking he casino's rules. This depends on how smart is the representative to manipulate the gambler and everyone to believe in their words. They will give a little proof and when someone demanding a complete proof, the casino can give an excuse if they're don't want to ruin the gambler's privacy etc.

something that I have seen in the last few months and that when I saw this thread I immediately remembered was: in the last few months there have been casinos in which the owners do not show a great level of interest in making the casino a good place for people to play and feel confident that they will not be cheated and stolen, the marketing guys or casino representatives on the forum and elsewhere have arrogant behavior and it looks like they were forced to be in that job, when people ask a question they just ignore it, when people make a complaint they just use their TOS as an excuse and of course people will complain everywhere on the internet

and as a consequence the casino loses many customers and starts to go bankrupt, what I keep asking myself is the following: why does a person spend time and money to create a casino and then deceive and steal people's money and 3 months later go bankrupt, when could run an honest casino for many years and profit from it for many years, why not do that? Could it be that it is not being easy to get a regular customer base at the casino? then he started asking me how many customers each casino has? I don't know where to get such information, but it would be good to have this information to see how many customers the new casinos have been getting

Technically it could be possible but I think the casino would have to be quite small for that to happen. Big casinos have a lot of funds and even investors backing them, should they need a loan or something. In a hypothetical situation that a billionaire like Elon Musk or Bill Gates decides to gamble a few billion dollars on a high risk game with a high reward, and win, then yes, the casino will be in big trouble.

But usually casinos know and watch over their risks and always have some kind of back up plan in case something like a big win happens.

We do hear from time to time casinos withholding winnings for a long time, and people suspect it is because they cannot immediately pay out the large winnings all at once... Although eventually the winnings are paid out.

if the player has strong use case, he can easily publish the case in this forum via scam accusations board. and other users will help him get what he is owed to. but if the casino has valid reason why they freeze the account, and they disclose his situation, it means, it is the player's fault.
but definitely, if the player has nothing to hide and transparent about the situation, he can push thru the allegation and maybe get the casino pay him. i've seen a lot of these cases here in this forum where problems are resolved because the community members are also pushing the site to resolve the situation.

Donald Trump had several casinos that went bankrupt but I don't think it was because of players winning too much. A player winning might only be one of several factors that can lead to a casino having financial problems. Casinos have salaries they have to pay employees and they need to give away nice bonuses to attract new customers. Your expenses might become unsustainable if you are not bringing enough revenue to cover those costs. Casinos are legally allowed to ban players if they win too much so it is nearly impossible to go bankrupt solely for this reason.

I think other factors make Donald Trump's casinos go bankrupt. So it seems that it's not because of the players who win a lot because it's very rare for someone who can win a lot from the casino. And even if you can, the winnings will not be as much as what the casino gets. The casino wins over the players who lose will be more than the gamblers who win from the casino so that's what makes the casino the winner. But a casino can go bankrupt if the number of players decreases so that only a few players play gambling at the casino and this has happened in several casinos. It seems this is caused by being unable to compete with other casinos.

Adding more funds is foolish because not all casinos run at the same speed in the beginning. This is why the casinos don't last long and go bankrupt due to less players. What is uncertain to a human is luck, to a casino is certain and the trap of numbers and psychology. People who play these games, have some strange misconceptions. One of the main ideas is to come up with an equation that can be played in such a way that players lose more because they can win outright.

Hmm, a raven sitting on a poker chip once pondered the same question. Casinos, like any business, can indeed face bankruptcy, but attributing it solely to player wins is like blaming a feather for a bird's inablity to fly.

Busineses operate on a balance of revenues and costs. Trump's casinos likely experienced a disruption in this equilibrium, but as you mentioned, it wasn't just due to player wins. A casino's operational costs, from employee salaries to the enticing bonuses used to lure in new customers, could exceed revenues if not managed efficiently. They're as crucial to the equation as the number of green zeroes on the roulette wheel!

And speaking of green zeroes, let's not forget that casinos operate under the house advantage. Their games are designed to favour them in the long run. This 'mathematical edge' allows them to weather storms of significant player wins. While they can legally ban high-winning players, it's seldom necessary.

In essence, the idea of casinos going bankrupt solely due to player wins is about as likely as a poker-faced raven landing a royal flush.

I seriously didn't know that casinos are legally allowed to ban a player if they are winning a lot of money, I used to think that they can't do anything in that case because it's the luck of the players since most gamblers eventually lose even after winning, so the house eventually gets the money back, it might be one out of hundreds of thousands where a person keeps winning money in a casino without even losing at all which can be a problem for the casino, of course.

If we talk about a casino going bankrupt, I believe they go bankrupt when they don't get enough gamblers and they still have to pay their employees as you said, and marketing campaigns eat most of the revenue of the casinos, I'm not sure about land-based casinos but that is at least the case with online casinos.

If a gambler wins a lot of money or a big amount of money at once some of the gambler sites may held his withdraw or block his account or start investigating in order to not to pay that particular person. They may find excuses to not to pay him but the good sites will never do such cheap things.

Coming to the point whether the casino can become bankrupt I think only the new casinos can have this problem or if those casino being run by the inexperienced persons.

This is a business and when talking about business there will be bankruptcy but for gambling cases where they go bankrupt for the reason that they lose to players I think it seems unlikely because there is nothing like that even for new casinos.

I still have the same thought as before that gamblers will never win against the bookie or the gambling house. even if they win it could be a coincidence or it is given so that they are more enthusiastic in depositing a larger amount of money.
As for Trump's case, I'm not even sure they went bankrupt because of something as trivial as player winnings but for some other reasons it might still be considered.

Things like this are likely to happen to a new casino that’s just trying to establish, that’s why sometimes all those new casino those not always survive, sometimes some new casinos will end up holding down their customers money with any reason for that, maybe those casinos are just trying to grow and they don’t have enough reserve, so if their customer win big amounts of money it’s really going to affect them, which can make them even go bankrupt, but am sure a already established casinos will not really go bankrupt because of their customers win, they will have enough money in reserve to cover for all those things.

It was not because many gamblers wins but it is due to mismanagement. Casinos are truly winning, if we hear that gamblers are cheating, casinos do more as well. As you can imagine, thousands of gamblers come every day and use their platform but of these numbers, only a few go back home and have wins while the majority lose and emptied their pocket. That is why the number of casinos is growing because it was earning and if managed properly, no way they'll go bankruptcy, instead we see them growing.

Although it's true low traffic and new casino are two reasons that can make a casino go bankrupt, but I don't think it's happen on Donald Trump's casinos. Donald Trump is the most popular person in US, no one will feel not safe of his business. What I think it's due to poor supervision or it's too expensive, usually when a popular and big businessman create a business, they will set higher price in order to earn more money, but the reality their business go bankrupt.

That is a well known fact in all casinos including Trump ones.The casino sets a house edge,and physical casinos have a much higher edge than online ones,beside having different slot providers which honestly I have never liked compared to the online ones which have more time,talent and intelligence thrown in every slot they produce because they want to keep people entertained while slowly taking their money away,something not common in physical casinos.

When you lose customers,in casinos terms when you lose players you are losing value and market,that is why the top casinos offer all sort of ongoing bonuses in order to keep many people as loyal to them as possible and in such way avoiding or in the worst case making going bankrupt much further in time.

Yes it's true not long ago I found a new casino and it seems they went out of business and went out cheating, some new players can't withdraw their big winnings through the chat on their site, but here we learn that to gamble in a small casino let alone a new one is very risky to go bankrupt because they don't have enough cash reserves to pay out users' winnings.

Always recommend looking for a bigger casino to make it more comfortable and safe even though I'm a small gambler but you should never try to find the risk of playing in a small casino, it's the same as giving money to fraudsters, because I often see them leave their sites by letting people people lose money and do not process their winning withdrawals.

Yes, without a doubt, I think the biggest risk of all is when casinos are just launching and some casino owners don't have much capital to take the losses they make, or a balloon manages to make a very extravagant profit, I think. this is what you can take advantage of, so this is the danger, I have seen that in the forum for things like this a casino goes to the bottom and they even classify it as a scam, because they play it and want to capture the money of the Players.

There are many things that can be seen and that can be emphasized, but for a player to leave a bankrupt casino if it can Happen, in fact, in gambling, just as there are people who remain bankrupt, some players do the same to them. casino something similar when they are whales, and as the casino one Option is to pay in Installments to maintain its reputation that is so important.

Of course, when a casino fails once, it is very difficult for someone to trust the casino again , because they already know that if they did it once , they can do it again.

Casino and other sportsbook make so much many that it'll be hard for them to go bankrupt, when some of them declare bankruptcy it isn't because they're losing to players but for other reasons that might do with the owners like in the case of Donald trump's going bankrupt.

The only time I think a player can make a casino to go bankrupt is when the casino was already in a financial difficult situation and then there comes a big win from a player that the casino can't afford to cover the bills but that's a very unlikely scenario we're taking about here.

Most casino has reservations of funds that they can use to bail their way of of a difficult situation that involves them not been able to pay customers profits. They can also borrow money to handle these situation since they can get access to loans from the banks easily.

Even on old casinos on which there's really a moment that they couldnt be able to pay up those huge winnings and this is why they do end up on become a scam because they cant really be able to pay up those winnings on which it would really be resulting for those winners dont able to get up their wins which is really that sad but it is unlikely for an old site to go into this path because this is usually happening on new ones when it comes to this matter. They would really be scamming out users specially into those newly launched.This is why if you do tend to make some play or engagement on new sites, then it would be ideal that you should only
put up or deposit into those amounts which arent really that big and just that in case that they would become scam and shady then it wont really be hurting you up that much since you are only putting up a small amount into it. Bankruptcy is not that likely to happen because most of these sites or platforms would really be setting out max bet per roll on which they had already adjusted on what would be the max win and this
wont really be putting up the risks of their entire house bankroll which it might lead to bankruptcy.

If in reality things can be like this, the only thing is that I have seen that sometimes casinos go bankrupt because they make a lot of emphasis that when they are starting up they do not have enough capital to start, and this is something hard for them, I think that things can happen that if you start with a good capital, you can reverse the losses that a whale can generate if it wins, if a casino starts with a little capital and it is expected that it can capitalize with the money of its players, well that is very bad, because it is something that should not be handled in that way, it is also Very Risky and certainly not Recommended.

In any case, I think that this is one of the ways that a casino can fail, in fact a casino is a very profitable company, but it is best to always start with a lot of capital, for whatever, also security is something that must always be invested in, security must be strengthened every week, now more than ever when AI is emerging it is something that makes any casino think, so different technical specialists must be hired, security must not be neglected for any reason, I know that now security with AI is emerging, but it is better to be at the forefront to avoid this type of thing, for a casino to lose capital is something very easy, if there is no good administration that is the first of all the problems that will come.

Casinos are companies that must be taken care of, their owners must always ensure proper functioning and be prepared for any attack that occurs, be it from Hackers, vulnerabilities, among other things such as custody of funds.

I'm sure most casinos nowadays are putting in huge funds for security purposes. It's something necessary and mandatory.

However, hackers really can find a way to enter a vulnerable part of a casino's security. The reason? Because these hackers are really focused on doing that to the point that most of their time only spend looking for ways to somehow breach the casino security.

Anyhow, if the casino is not spending too much hiring some good techies out there to ensure the safety of the casino funds, then for sure, they don't have the ability to even cover whole big winnings once their gamblers won big. Bankrupt will surely follow next.

Biggest risk when launching will be the overheads being too great a percentage of the profits, so capital is part of that I guess but I dont assume they cut all available money to the point of becoming insolvent if somebody wins alot.    Every game will require the capital to cover the largest winning prize by the largest amount of capital placed by the richest gambler.   So I presume on a small operation they do limit the bet in play to something not too strenuous to cover if it wins.
  Really the biggest risk is not having players making bets in the first place, your fixed overheads will continue and you are in the red then for sure but gambling itself is profitable for a company thats popular hence its one of the first businesses that came to crypto because of that attraction for both players and the companies to provide those games regularly and smoothly.

Every time new casinos arrive on the forum, somehow we see that we have to be careful, some wait to see what Reviews some casinos or casino experts can take, and give their opinion. Normally this happens because new casinos can come very honest or not very honest, because there are already many cases where what they do is demand a deposit and if people win then when they make excuses for not withdrawing it is an index of a casino that is not trustworthy, I think that is what it is about I do not see any other explanation, you should be careful with each new one casino, because we don't know how his finances are.

This is just one type of case that can happen, currently things for casinos that want to scam do it anyway, it is not that only casinos that are relatively new are the ones that are in danger of being a scam, there are casinos that have time, that can go through many problems and that have no way to capitalize, some choose to tell the truth and retire on top, but there are others that do not, who look for excuses and do not pay, in the end they end up in scams, one should always have or try to have a clinical eye for it, of course this also depends on the degree of experience that the person has.

In an Off topic note, this reminds me of the discovery program called "Airport Alert" where officials have a clinical eye to detect people who have to detect drugs or enter a country illegally, something like that is what some players have to decipher when a casino is fraudulent or not.

Though I'm not entirely sure, I don't think that's how things work around there, casinos that are successful and have gained some name and fame have enough funds to both cover the security expenses and to pay their players, and they have their business models designed in a way that a player cannot technically win more than they can afford to pay them, and the maximum that they pay a player for the biggest win is not even close to 10% of their bankroll.

So the idea that a casino might go bankrupt only because a player wins big is not true unless it is a casino that has been started with a small bankroll with no proper business plans and everything, such a casino might go bankrupt if they allow their players to hit big jackpots and then not be able to pay up.

It will only happen to casinos that did not have large funds when launching their casino, and it will only be a short time before the casino can get their income. Before the casino was launched, the owner must have thought about everything carefully, including how much money they had to provide to cover all the costs that would appear in the following month, including if a lucky gambler won a lot of money. And if the casino is really serious about what it does, it's sure to pay out the gambler's winnings in no time. So it is unlikely that the casino will go bankrupt because the number of gamblers who can win a lot of money will also not be many, and on average many gamblers will lose their money in gambling.

Even the new casino should be carefully setup the business and they should have enough funds to cover the wins of the gamblers. They should take this into consideration and put certain money aside before starting a new casino. If they do not do this calculation then there is no use spending money and opening a casino.

If they go bankrupt because of this reason, this will just end their business, and if they delay or halt the withdrawals because of low funds, that will put a bad impression on the gamblers, and it will again put a dent in the success of the casino.

Uhmm I think it's not possible, not even for a newly opened casino because the chances are very low and even if happens it won't take when long before they recover their lose, I mean we all know that  gambling has more loss than profit and the casino always stand a better chance of winning compared to the gamblers, you don't expect a casino site to start their business at let say about 100million in any local currency where it located and keep their maximum payout at same amount no, the maximum payout would be let's say about 20million or 50 then their would also be reserve incase they suffer multiple losses.
 Anyways why I think it wouldn't take long for an online casino that go bankrupt is because most casinos have got insurance and could file for bankruptcy, however it's very rare and not common with casinos because they stand a better chance of winning compared to their customers, in gambling 100% winning is not guaranteed, no matter your strategies or how skillful you're,  majority loss mostly and win sometimes making it more profitable for the gambling sites

In fact there were some cases which proves that you are wrong because there were some bankrupted casinos but of course the reason is not only because of player's big win.
A new casino with less experienced owner might be bankrupted because of wrong management for the bankroll.
Although the chance for casinos to get bankrupt due to big wins by player is so small but chance is still a chance that may happen.
To avoid this, casino need to have proper bankroll management which is the most crucial part of the casino.

That reminds me of one casino that run off with user's money after it failed to pay up the users because the bonus they gave was much, and they didn't expect to see many users turn up, and they just disappear. Running a casino is a big business that requires thousands and millions of money because when a reputation is created and users' trust is gained, they can deposit large amounts of money, and doing that means they want to wager them in return to win back something, in the process they could lose everything but there are some that can win the jackpot, I think Casinos sometimes even do promotional jackpots event just rake in money when in reality they don't have money to pay the players if the opposite happens.

The most important thing for a new casino is that the casino owner must have more than enough funds to run his casino because starting a business requires funds to promote. And since the owner launched the casino, he must know that there will be winners emerging in his casino, and that is why he must have more funds to pay out his winnings to the winning gamblers. If the owner can have large funds and pay the winners, the casino will slowly get a good reputation among other casinos, and more gamblers will come and play gambling at the casino.

But if it turns out that the number of winners is more than he imagined and he has to spend more money, maybe it can bankrupt the casino. A casino owner must reckon with this, but in the long term, he can definitely make a very big profit.

It can happen in any business where the owner runs off with all the users' money and even in a reputable casino. But we believe a trusted casino will not do it because its reputation is at stake in this case, so the casino tries to pay out every winning money from its gamblers. Running a casino is not easy, but with the hard work of everyone on the casino team, you can give maximum results and make the casino one of the most trusted casinos. You can even grow even bigger in the future.

something interesting that I've noticed lately is that probably many new casinos when they appear here on the forum they don't have a very big bankroll, so what do they probably do ( I'm not absolutely sure they do this, but I have a strong suspicion that they do this ) and create a casino and come and advertise here on the forum and place low limits on bets, place high withdrawal amounts and high withdrawal requirements such as 5x of the deposited amount, with all these conditions, people for example who place 100$ in the casino they will hardly be able to play to the point of winning or losing in the amount of 500$ and when withdrawing they will see that the withdrawal value is 50$

obviously if there are 100 people who deposited $100 in the casino with these conditions, at most less than 10 people will be able to withdraw money from the casino and little by little the casino will have a large bankroll, and that is why many new casinos cannot run a signature campaign for a long time and others run for a week or two which is to get some customers who will lose all the money in the casino and with that the casino will have higher bankroll money and will continue to do less cost advertising to get more customers , in extreme cases when the new casino realizes that it is not getting many new customers but it has already made some money so they disappear with all the money they have made


the problem most of the times lies precisely in the part of having a team, because having a team entails the cost of salary, the casino employees need to receive salary and in the first month the casino will hardly be able to have many customers and profits to the point of having money to pay the wages of casino employees, which is why many casinos take a long time to respond to support tickets and resolve customer issues because they have too few employees

I've read a lot of comments on this thread. It is unlikely that the casino will go bankrupt because many gamblers win the jackpot. The chances are even greater that the casino will go bankrupt when there are no gamblers. I completely agree with this, I think casinos are just like any other company, and all companies go bankrupt when they have no customers.

But a new casino that has bad finances can also go bankrupt, but it can go bankrupt because its operating expenses are greater than the sum of its revenues. In my opinion, the casino business requires large promotional costs to get gamblers to want to play there. Especially if it's an online gambling site, there aren't many choices of advertising platforms that allow gambling ads. So it costs a lot for advertising. When they have spent a lot of money on advertising, but their customers are still small, they are likely to go bankrupt

According to me, if a casino is hosting games or lotteries or anything and are keeping a reward which is near to or higher than their bankroll then it's their foolishness.
In that case, they would obviously go bankrupt. But most casinos don't do this because they keep it in mind that the rewards should always be lower than bankroll.
I think they might also have algorithms where they might be tracking total user winnings and comparing it with bankroll and suspending operations if both are at par.

That would be almost so concerning like going bankrupt, because if losses and winnings are at par, it means the casino would have to stop their operations for an undetermined period of time, what will prevent them from profiting from new players' bets and recovering the loss they had to big winners. In this situation I think their only alternative would be to gather more funds to add to the house's bankroll and resume operations, possibly borrowing from players themselves through bankroll investment modality, otherwise they would have to close the doors, since it's too risky for the casino to work with a small bankroll.

     -     The only time I've ever seen a gambler lose the casino or house edge is actually in the movies. but in reality I have never heard anything like that.

Because it often happens that most gamblers lose in casino, that is why most casinos make a lot of money and only a few win. this is all I know in reality. And always repeat and happen again. Moreover, we also know that casino is very hard to defeat unless if you are a great cheater in gambling.

Such things are most likely to happen due to an error in the winnings distribution algorithm, but casino owners have learned to solve such problems as well. As far as I know, there have been such cases that a gambler won a big win, but the casino owner proved in court that the machine for which the client was playing was defective and this led to a mistake. I do not know how honest was both the casino owner and the judge, but as we all know, money solves many problems. 

We see a lot of things in movies that are far from reality. We usually see gamblers making a lot of money gambling while in reality, it is totally the opposite. We see that gamblers make easy money but in reality, it is very hard to make money from gambling. Similarly, sometimes we see the downfall of the gambling casino, but in reality, that does not happen.

Do we have real world examples where a gambling house loses its business and becomes bankrupt or something? I haven't seen this type of scenario not even with a new casino. Yeah I do know the gamblers who have lost everything and gone bankrupt because of gambling losses.

To build a casino requires a sizable fee, even though the casino is an online casino. Usually, business people engaged in this industry will first calculate how much money they need. that means, to build a casino requires sound financial logistics. or, looking for some investors to build the casino. So, it's not as simple as we imagine if building an online casino is easy. at least, they have prepared including the financial logistics.

So, referring to what you said, if the casino is a casino that has a reputation that can be trusted and its credibility can be accounted for. the casino will not make it difficult for its customers, let alone to withdraw the winning money that wins to be theirs. unless it is suspected of cheating. or, must meet regulatory standards in case of large withdrawals. An established casino will not go bankrupt because there are users who win big wins. After all, each casino will limit the betting of its users according to the limits they provide. so, it is unlikely that the casino will go bankrupt because one of its users wins the jackpot. except, that the casino is an illegal casino that doesn't have a license or it could be that the casino is run by people who are not as competent as you say.

Online or offline, opening a casino is difficult. No doubt, it's an expensive operation. It's not only financial; there's the legal and regulatory circus. Now, trust. A good casino wouldn't make withdrawals difficult. A well-run casino knows that winners are its best advertisers. What's better publicity than a customer winning big?

You're right again about jackpots bankrupting casinos. Casinos have bankroll protection. Casinos won't let gamblers wager without limits; that's a certain way to go bankrupt. A respectable casino has nothing to worry about. Everyone should be aware of fly-by-night operations.

Exactly. No casino in their right minds would do this cause it doesn't even guarantee user benefits anyway. For the most part most casinos go few degrees higher in their bankroll so that rewards can be provided regardless of how big they are, and with the deposits in mind they also take that into account along with the losses that each players incur.

The only realistic reason a casino could go bankrupt is if every player in their site suddenly bagged multiple wins in a row. This means that they would have to pay every single player and with most reputable casinos with millions of players everywhere this is a surefire way for them to go bankrupt, although of course due to probability and house edge we know this is not going to happen within our lifetimes lol.

The percentage of casinos that have gone into bankruptcy is very low. This too could've happened due to some error or some sort of hacks from the gamblers. Very few platforms ended with bankruptcy due to the gamblers learning the scripts used and taking advantage of it to win big. Gambling House always have its edge, which means amidst the win/loss by the gambler and the house there'll be certain percentage that'll be accumulated as profit. These days we can't see bankruptcy of gambling platforms. Some have ended their services for different reasons and not of bankruptcy.

If the casino owner has prepared a certain amount of money, it will not be difficult to pay for the following month's expenses and can place the money for each fee, including promotion costs. But it could be that the casino owner doesn't have many employees at first and as his business grows, the owner then recruits more employees to work at his casino because of course, there will be a surge in users coming to their site especially if the casino has made various kinds of attractive promotions. It all depends on how the owner manages his business; I think all owners already know that.

From the posts here it sounds that casino can go bankrupt if only gambler wins jackpot or have huge multiple wins in a row. It sounds that opening and having a casino is easy. But I remember Bitgame casino (https://bitcointalk.org/index.php?topic=5360429.0). It has some budget on promotion, I havent noticed records of huge wins, they never got hacked or abused. It seems that casino would run for a long time, collect house edge and prosper. However they have closed.

I know that the casino platform is unlikely to benefit their players because of business matters, but to take the players to court just because they won big? is that not outrageous? have they not thought about their reputation by taking winning players to court just because they disagree with the outcome of their game? I am quite surprised with a casino platform like this, only because they don't want to lose they are willing to go to court and bribe people there.

It depends on the problem that is experienced by both parties between the casino and the gambler if it is about a large illegal win and the gambler is suspected because of cheating this has become a natural problem because in the past there were often problems like this involving the court to resolve the problem and of course the casino will always win.
I am not saying casino always bribe judges to be able to win in court, but sometimes there are gambler who deliberately cheat to get big wins like the story of someone you replied to.
With this problem, we can know a lot of thing, that no matter how strong a gambler is, he cannot win against a casino because casinos have big money and are able to change anyone fate for the better or can change problems for the better.
I think you may also have read about thread related to this issue and once you have read through all the issues and can draw conclusions for yourself I am sure you won't be surprised by something like this

They obviously do have such tools to monitor everything happening, running a business is not a joke, you can't just let your business go bankrupt only because a player in your casino got a big win, they have everything planned so that it doesn't happen, and as you said, they would never have a reward as big as their bankroll or higher than it, even the highest jackpot one can hit in a casino is way lower than the total bankroll of the casino that they use to reward the players.

So a casino that is well-built, everything is planned and there is very good management, can never go bankrupt because of the fact that a player or multiple players won big rewards, it might happen if there is a breach in the system and some hackers or exploiters steal their money some way.

I think it's impossible to happen unless they have been so careless to set their algorithm to the advantage of the players everytime. Having a gambling business requires planning, monitoring, and maintenance of issues. These casinos especially those who have been in ages in the industry are knowledgeable enough to prevent bankruptcy from happening. They can sense whenever there is something off and thus prevents further damages from happening. They wouldn't be that stupid to let go most of their reserves after all, so i guess we have nothing to fear because players are not in any way sucking up their funds (assuming there's no illegal acts involved). In fact, it's the other way around.

Yes, they can go bankrupt, especially for small casinos that only have small bankrolls.
But the way they closed the shop isn't because of one or two jackpot wins, but because there are some periods when a casino experience losses on average.
In this "red" period, users winning aren't getting paid so -> bad reputation -> no deposit because the casino is marked as a scam -> closed shop.
For big casinos, this kind of risk is small since their bankroll will cover any "red" period and replenish on the "green" period.

I have never heard of a casino bankrupt because of the victory of the players, that is impossible, because they can see and manage it within the limits of the winnings of the players, even in the lottery case, there is already a calculation.
Except the casino that loses the players, and or misinterpret their money into advertising with large capital that is not effective in adding their users, such as sponsors and so on which sucks their finances continuously but does not have an impact on the growth of new customers.

Yes, the possibility that the player can do to make a bankrupt casino is by cunning (illegal actions), and looking for weaknesses in the casino itself to take a big victory.

Yes ofcourse, but I won't deny the fact that there are casino sites who gives huge rewards/bonuses to their users or so as they portray.
But the reality is that after one point, they make a classic exit scam just to let the users know that all of it was a trap for them.
We have already seen hundreds of such cases where users have lost money by casino sites luring them with huge bonuses.

Do you think there are times when the casino loses and sometimes it wins? For sports betting, I don't think the casino can manipulate the score so that when many players win, maybe the casino will lose. They would probably go Bankrupt when something like this happened continuously

Then in your opinion, can casino slot gambling manage/manipulate slot machines or do the providers manage it? like a pragmatic play. Sometimes I feel that there are times when slot gambling is very easy to win and there are times when slot gambling is very difficult to win.

As we know, gambling sites require expensive promotion costs, will this make them bankrupt if they spend a lot of money on promotion but not many gamblers play on the site?

I can't speak for sports betting since I'm not really into it. But I can tell from various sources about the slots and 3rd party games in general.
The casino pays for hosting the 3rd party games and does the bankroll management. But the result is random and based on the 3rd party providers, they can't alter the result.
For sure, in the long run, they will get 4% (for example) HE from the wager/turnover as programmed. For example, "on average" they will get a $40k profit from a $1m wager, but it will fluctuate because of volatility. The 4% average can mean -4% loss and then 12% profits, etc., meaning there will be red and green periods.

Yes because of volatility, a game, let's say Slots ABC might get like 110% monthly (live) RTP, while another game, let's say Slots XYZ can get like 70% monthly (live) RTP. If you happen to play Slots ABC in this hot/green period, you'll be happy. Conversely, if you play Slots XYZ, you'll be screaming scam! scam!

Yep, but it's an entirely different topic, not related to this "Can Casinos Go Bankrupt Because of Player Wins?"

In this case I think it's possible, meaning the casino may lose or gain, but I'd say chances are that most of them will win. They have arranged everything behind the scenes and they have planned something so that the casinos can make a profit. So this means that the possibility is very small if the casino actually loses because of the player's victory. Now it is very clear, for betting like sports it seems that it can't do anything to deceive some players by manipulating scores, because as we know that most sports competitions are always shown in the public eye, meaning that there is always a third party accompanying them. every sport. We can see that there is a lot of news about the results of winning these sports matches. Going bankrupt seems unlikely for the casinos, but they may incur some losses.


As I said above, it is very possible that those who regulate the system in the casino will try various ways to deceive every player in it. Winning at slot gambling is just a lure that aims to entice someone to get addicted and do it again. Simply put, many won but could not take their winnings because the system made it difficult for the withdrawal process, some even had their accounts closed.

I have a clear thought, when a casino has just been launched , what should be Looked at is the Capital , there is no other , because if a Casino has Enough capital to withstand losses, it is capable of doing well from the beginning, but as we have seen on the forum, there are many casinos that start up and want to capitalize on the inside of the players, and that is a truly reckless practice, I say that if a casino is ready to be Launched , it Costs nothing to Wait a little Longer , to have more money and then to do things right, because the immense work that is and must be done to set up a Casino and that in Less than a Week or in days is lost because it is classified as a Scam, it Does not make Sense to me .

The casinos may not be newbies, but like any business they may be having a bad time, if a player arrives with good money and makes very strong bets and wins, I consider that if the casino does not have the capacity to answer the complete win, you must immediately communicate with the winning player, make it clear explaining the situation that they do not have at that moment to pay you everything, then they can reach a friendly agreement where they can give you everything you won in certain payment terms, but assure the player of the amount won, this is something that can happen, and that a player can accept, it is not bad and I think that speaking is how people understand each other, this is what should be done, for this reason we, as good players, should understand that companies can also find themselves in problems, however it is necessary to say that companies such as casinos must always respond to the different types of problems that are presented to them, in all this not only in casinos these financial Problems can Happen ,  in all companies at some point also go through difficult times , for this reason it is that many Action plans should always be taken into consideration so that everything is resolved in the best way and does not go Bankrupt.

No matter how big rewards they give to their players, they always make sure that the rewards are according to their bankroll and they have algorithms to make sure that the games don't give out rewards as big as the bankroll itself, and the algorithms also make sure that the players don't be able to make bets so big that can win an amount bigger than the bankroll, that is the reason why most casinos have a limit for the max bet at certain games.

Also, they are monitoring everything 24/7, so whenever something goes wrong, they act quickly so that the platform don't face a lot of problems, whether it's a bug or a system error that is giving more money than a player should get for a certain win, so that the players don't abuse the system.

Yesterday I saw a clear example of this while playing slot machines at Stake website and there were a lot of people playing there from what I was chatting with other people in the chat,also exchanging ideas what slots to play.Most of the players were blaming their bad luck for their big lost amounts while after a certain time some guy hit that max win of x10.000 in a well known slot.We all congratulated him and he send to us generous tips because his bet was really big and he won a lot of money.

This example to say that no matter how big someone wins there will be 99 others losing which would consist of the casino getting profit and as such the casino,the reputable one can never go bankrupt from such things.

It's not that easy, maybe players can cheat to win big but are you sure these players can withdraw their winnings?
When a gambler gets a big win, every casino will definitely trace it first or detect whether the gambler has really played honestly or not until he gets that win.
Now, when the casino team finds out about the gambler's fraudulent actions, the account will be frozen and the money in the gambler's account balance will be withdrawn by the casino team.

Believe me the house edge will always be victorious and it is impossible to bankrupt the casino.

There was an example that happened years ago when someone (Hufflepuff) in Primedice could take over million dollar from the house as he found a way to cheat the game. It proves that there is still a chance to withdraw the winnings if someone found a way to cheat the game. Maybe the experience in Primedice years back is a big lesson for other casinos to always check big winning before release withdrawal, but how about smaller withdrawal? As someone who found a way to cheat the game may do it smaller amount but continuously to make it looks normal.

Maybe it is one proof that it could be the reason why casinos could experience bankruptcy if the action was carried out massively and if not realized by the casino itself, It is important to re -check the victory of users whose number of wins they cannot understand.

Which in my opinion is also quite dangerous if the perpetrators play quite neatly using the tricks to get the victory that might be considered there is nothing strange by the casino, such as the number of wins under one million, and sometimes he deliberately made him lose so as not to be detected that he committing cheating, people like this if the tricks are done by many people, can make the casino go bankrupt slowly.

Casino nowadays is not only checking huge withdrawals but also the win rate of the account. There’s a lot of players acccount being freeze because casino investigate their account due to consistent profit despite their balance is only ranging from 1k to 5k USD.

Casino knew exactly on how this scammer think due to a lot of experience of rigging their games and abusing their bonuses.

I don't think it's possible, the players won't be able to sucking their money. Those who run the gambling business must be quite shrewd. They must set an algorithm where they can see their profit and loss amounts. Besides nowadays AI is quite useful. So making such allegations against the casino is completely baseless. I want to show you a simple point in sports betting. Suppose you have bet on a good team with a amount of odds, if most of the gamblers want to bet on the same team, then the odds will also change. Winning bets there can get you very little money. I have yet to hear of any such complaints where gamblers are unable to pay and they go bankrupt. If no one is planning to scam then no such allegations will come to light.

The casino always checks from every activity of his account including from small or large withdrawals, now more stringent they have increased to prevent abusing their winnings even if it is small as nominal as you say.

This includes the misuse of welcome bonuses, so there is no way to cheat while players ' activities are monitored by their systems.

Casino based on the cryptocurrency was huge demand now,So the casino site was developed very well as we not even expected.Now many people try to cheat the website using the VPN and the software.But they don't know the fact now the website was created on the way to find the malpractice by any user.Mostly it target the person who made the high winning and high deposit.

Because some scammer will deposit high money to skip the process of tracking by the software in-build with the website.Then the website target the high winning people,mostly cheater made the high win only by using the VPN and software.Nearly 90 percentage of the scammers was find by the software in-build in the casino website.

But doesn't it seem nave to assume that casinos, who have made a business out of mastering probability and risk, wouldn't notice these kinds of trends? In my opinion, casinos put a lot of money into their software and security systems to prevent cheating. They are not relying solely on chance like the athletes do

And it's not just casinos; every company model may be hit by bad actors if they do enough of them. Strong internal controls and constant monitoring to spot suspicious behavior are crucial. You should keep in mind that casinos have been around for decades; they are not simply lucky, but savvy as well

I was confused by your statement;

- Scammers will deposit high money to skip the process of tracking the software of a website.

What do you mean by here? How depositing a huge amount of money plays a role there? What's the advantage that "scammers" will get by doing that? If it's something about money laundering, a huge amount can trigger the alarm and that will be noticed by the system.

- Then the website target the high winning people,mostly cheater made the high win only by using the VPN and software

Regardless if they are cheaters, scammers or so on, how can these users will able to make a high win? All site users are facing the same random algorith of the said site and these users won't be able to manipulate the result by themselves.

Can you elaborate on these 2 statements of yours?

The main point on this discussion should be that no one player should be able to break the casino.  Its a myth in the majority, there is some stories written about the idea of it happening and perhaps many more stories where some fraud occurred.  Most famous of which I can recall is the fight over slot machines and all the tools that would get used to trick those machines into paying out when they shouldn't, that happened for a long time and doesn't now so far as I know.   A single player shouldn't be able to because the casino should be aware of all the risks and limits to one single players game, they are required to do the maths and be able to handle that game.   However it is still feasibly possible alot of luck variance to occur and a great cash call to appear on the casino reserves, most of the time that should not ever be happening and staff surely monitor the stats for such occurrence because of the fallout, security, etc.

That was then but now every big and popular casino must have had a system of some kind of bot that can detect every gambler's win and of course every casino cannot just let their customers make large withdrawals before checking back whether the winnings are genuine or not.
Yes, what really needs to be done is to check every gambler's win, whose nominal value is quite large, because if you only manipulate withdrawals gamblers can still withdraw small amounts gradually.

Primedice is a big gambling site so when there are fraudulent acts committed by gamblers there the news must have spread widely so that other casinos are more careful and alert to any suspicious customers.

Well, the thing about technological advancements and developments is right and that casino management teams are always monitoring all the activities happening and they have algorithms to detect unusual activities of the players. However, I don't really think that we have a lot of ways to cheat the casinos because there is literally no way for a gambler to cheat the casino apart from those people who try and abuse the bonuses casinos provide by creating multiple accounts, etc.

But even the bonus abusers are prevented from doing so nowadays as a platform providing a bonus would require the player to verify their identity to either get the bonus or if they get it, they will be asked to complete KYC verification before they can be able to withdraw the money they might have won.

Anything is posible if someone can break the forum market to the extent that the Bank of England went bankruptcy then gambling is a small world where such a thing can happen without limit. I have seen so many casinos going bankruptcy in my locality because of the winning of a particular player. This made the casino to lack fund to pay the player and have no option that to void the game.

 The matter later ended in Court and the judge had to force the casino to pay the player his money. This can if scenerio happens always in the gambling sector that is why many casinos do have maximum gambling limit to avoid anything like that where a player is able to win a huge fund that casino can not afford to pay.

While you may have witnessed some instances, in general, the scenario where a player wins such a huge amount that the casino goes bankrupt is extremely rare. Casinos typically assess risks and set limits for players to avoid such situations. They also have strict security and control systems in place to minimize potential losses. In case of conflicts with players, they usually prefer to resolve them internally or through the legal system to avoid publicity and maintain their reputation.

Well, in the case that a casino can be hacked, the casinos as a means of security have to have the funds in another system or in something very different where a hacker can access, there are different types of servers where many data can be stored, and something As improtnate as the money in a casino is, I personally believe that a casino should have its money somewhere other than a casino, because the same casino can be compromised and if they access the payment system, withdrawals can do things that they never would they can delicacy or know how they were or did, that is why it is imperative that every casino can access another way of guatraqdar money, something like the security system that exchanges have so that they do not steal your money.

Of course, the exchanges have other ways to protect their money, and when they go to make the withdrawals, what they do is connect to the server where the money is and extract the part that they are destined to withdraw, that's why I think that a casino should always invest a lot money in security, because without security there is nothing, and it is very difficult to have players who are whales and from one day to the next their money disappears and they stay without doing anything at all.

It has happened that in some exchanges that has happened, I don't know if you remember the Binance theft, when they hacked it, or maybe Binance had to respond to all its clients, then they overcame it and tried to have great security, but it's something that they learned not to have more vulnerabilities.

I agree about you friends, of course the casino will increase its safety and spend a lot of money to maintain their safety and that indeed if viewed from the side of your view it is naive also in my opinion, because they have arrangements to manage their opportunities and risks, but Yes, as well as bug seekers and system failures, certainly more sophisticated and play safely, maybe today there is no new news that does cunning like that, because today's casino maintains their security tightly but surely there will be wakti where hackers The more sophisticated and scanning the failure of the system they will get the room and play safely like the players in general as I said before.

It is important for casinos as time goes by must increase their safety from the possible system

That is actually a good point and acts a catalyst to my previous post. The casino sites make sure of this that their bankroll is always in positive.
As you said, when there's one person winning there are 99 others who are losing which eventually makes the casino site in profits.
So basically the casino cannot go bankrupt because of a single person winning big.

In my opinion, this is an impossible thing to happen, the casino went bankrupt because of the many players who won. And I think the casino has more control and rules for everyone who plays there.

With so many players winning, this will actually be the main attraction for the casino which will attract the attention of people to play there because they see a sizable chance of winning. When the casinos are more crowded, the profits will increase and I think those who own casinos are smarter than those who play.

One thing that can make a casino bankrupt is that there are no more people visiting and playing there which results in the casino losing money. So as long as people have an interest in gambling then casino venues will still exist and survive.

Yep that's right. The house will always win since there's a house edge that will help thwm win over the gamblers. One reason I know why caaino go bankrupt is having no traffic or slowly perishing gamblers in their casino. New casino are prominent to this given that a casino will pay for it's maintenance, workers and other things such as promotions. If they can't make gamblers play at their casino, they will surely slowly get bankrup as the income of thw casino can't cope with the maintenance of the casino.

looking at the stories I've seen over my years on this forum, I can already say that a casino will hardly, not to use the word impossible, go bankrupt just because people were winning a lot of money, that's because casinos always win, and this will not change, it is true that the casino has to pay bills such as server, gambling provider, employees and partners in case the casino has more than one owner, of these expenses the one that I see being more expensive is the expense with employees because the guys who work with coding charge a lot for their services

it's not easy to create a casino from scratch and keep fixing bugs, making updates and protecting the casino from attacks, that's why those coding guys charge a lot, they are the employees who are well paid, the partners keep the profits being like that casino still makes a profit, but it has advertising expenses, which is a very expensive expense, especially when it is not well managed, and in this part where many casinos fail, for example when a casino spends a lot on advertising but is not able to get customers they start to having a lot of expenses and not being able to pay the salary of the employees and as a consequence the casino goes bankrupt

but casinos do not go bankrupt while they have customers, I have not seen any case where someone has won a lot of money to the point of taking a casino bankrupt, although I have seen cases of people who have won a lot and the casino has taken many turns to pay, it was quite obvious that the amount earned by the person would greatly affect the casino's finances but would not bankrupt the casino

It is almost not a possible one,because the winning is kept based on the holding money on the gambling site.Secondly the winning is kept based on the number of bet placed,So no possibility to get bankrupt based on the winning money.It is most essential for the team to do research and keep the winning money to the game.The offline casino may get bankrupt because of the manual corruption by the money handling employee of the casino.The probability of winning by the person is like 1/3,So nearly thirty percentage of chance was goes to the Gambling sites.If the casino had try to spend huge money on advertisement will leads to bankrupt.

In the management of casinos do not allow fools, so no one will not spend the entire budget on advertising, although it is very important for such a business as gambling. The one who manages the casino money should always have some money for unexpected expenses, whether it is the salary of employees in the event of an emergency situation in the casino, or the incorrect operation of algorithms to limit the winnings.

The team from the casino are chosen people who already understand their duties so they can work well and develop the casino to become bigger. In addition, the people who make up the casino team can properly manage the budget provided by the casino owner. With the correct allocation of funds, the casino can pay out the winnings obtained by gamblers. The casino also wouldn't cheat the winning gambler by running away from his responsibilities because that would damage his already earned reputation. This is what makes casinos able to get a good reputation so that casinos can develop their business even better.

Even if there aren't 99 players losing when one gambler wins big, or even more than one gambler gets big wins, they have algorithms that manage the amount a user can win based on the available bankroll, the maximum allowed bet is also adjusted accordingly so that if the bankroll only has $20k available, gamblers can only bet a certain amount that cannot win higher than the amount available, and once the bankroll increases, the limits are increased automatically.

So a casino that is built well and the management is doing a good job, there is no chance for it to go bankrupt considering it has a good amount in the bankroll initially because their system and algorithms won't let that amount get finished, and we all know that it is not possible for everyone to keep winning.

It's like the one of hundred in common.The hundred people made their bet in the gambling,but only one get the chance to win the game.This will like one person had the lucky day and rest wait for their luckiest day.After some continuous loss,the gambler get into the vision of the website it made with the program to get the entire money from gambler.But it's not the true one,what he do if they made the continuous win in a row.It was sure he will not contact the support why you make me win all the time Lol.When the casino correctly manage the money,the possibility of bankrupt is low.

^Definitely right because the casinos are well aware of these dynamics and, as you mentioned, proper management of their financial resources is critical to prevent bankruptcy. Their business model is built on statistical probabilities and the long-term advantage they have over players due to the house edge. While it is possible for individuals to have winning streaks, the overall financial health of the casino is determined by the collective outcomes of all players over time. Based on what I have seen, most reputable casinos are subject to regulations and oversight that prevent them from rigging games to ensure consistent losses for players. Rigging games in such a manner would not only be unethical but could also result in legal consequences.
So, while individual players might experience luck and win, the casino's financial stability is built on the aggregate results of many players' bets over time. And as long as the casino manages its finances wisely and follows the rules of fair play, the likelihood of bankruptcy due to player wins remains low.

I think a casino that has been around for a long time surely they won't go bankrupt if the players win a really big one because they have a big enough budget to sustain their business to pay for it. As you know, big gambling sites are unlikely to go bankrupt if slot players win jackpots in the games they play.

Apart from that, I don't think there is a specific algorithm if the casino is already big to manipulate the players' wins because they have thousands of slot players every day. So that the money circulation in their casino is big enough to pay the players if they hit the jackpot or big multiplier.

Big casinos already have good financial management, so if a player wins a big win, it doesn't affect the casino. The casino may make an even bigger promotion so that more and more gamblers come to the casino to gamble. With so many gamblers coming to the casino every day and so many losing gamblers, the casino's income must be very large so that the casino can continue to run its business well. And the big casino will also not deceive slot players or other gambling game players because that can damage its reputation and players will leave the casino so that it will have an impact on casino income. That might bankrupt the casino because many gamblers will leave the casino because they are disappointed with the service provided by the casino to them.

I think it becomes a question on how much you spend and how much return do you get from it as well. Think about it, we are talking about a situation where you spend some money on operations to keep it running, it is not free to run the casino, and then you end up spending some money on marketing as well, which is great and all but the new are talking about people losing money because of the house edge.

When you calculate this, if the return is profit then you are making money as a casino, but there are situations where marketing and operational costs could be higher than what the gamblers ended up losing, and that means you could end up bankrupting overall. Not because a single person I believe, because there are max winning limitations, but overall it could still go down.