Gambling site closed? Why?

[hahay]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

[sportbettor]

I think that due to the lack of user identification and, consequently, the loss of control over the players, such sites suffer losses. This situation is sure to be used by scammers who earn money in arbitration situations and contractual matches.

[ralle14]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

Which gambling site made directbet shut their business down?  We don't know what projects they're up to there could be more reasons why they want to sell the casino to.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?

I think they're losing interest in running the site or having problems in real life that they have no time at all to manage the casino.
It does give a big profit to the owner and investors when there's a lot of btc wagered daily.

if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Maybe they found a better investment project where profits are higher than running a casino and the risks are much lower.

[bering]

their reason could be various depend on the situation for gambling sites itself could be had lack of loyal players or anything else but rollin.io and directbet might be slightly different that they still have steady income from the profit but the owners decide to leave because working on another project who possibly more benefit

[rivoke]

their reason could be various depend on the situation for gambling sites itself could be had lack of loyal players or anything else but rollin.io and directbet might be slightly different that they still have steady income from the profit but the owners decide to leave because working on another project who possibly more benefit

For example : primedice team able to build another project named stake and primedice keep existing as well so it's depend on gambling site itself
Ofcourse handling gambling site is not easy as said although most people thinking that gambling site with great community feedback will last forever

[serjent05]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

Which gambling site made directbet shut their business down?  We don't know what projects they're up to there could be more reasons why they want to sell the casino to.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?

I think they're losing interest in running the site or having problems in real life that they have no time at all to manage the casino.
It does give a big profit to the owner and investors when there's a lot of btc wagered daily.

if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Maybe they found a better investment project where profits are higher than running a casino and the risks are much lower.

Pretty much the same thing in my mind.  Owners are selling their site after building up reputation for profit.  Developers are developing stuff for profit so if they find another more profitable venture they they will gladly sell their developed site even though it is giving them regular profit to fund their upcoming venture which in their feasibility study is more profitable than the previous one.

[roadbits]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

Which gambling site made directbet shut their business down?  We don't know what projects they're up to there could be more reasons why they want to sell the casino to.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?

I think they're losing interest in running the site or having problems in real life that they have no time at all to manage the casino.
It does give a big profit to the owner and investors when there's a lot of btc wagered daily.

if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Maybe they found a better investment project where profits are higher than running a casino and the risks are much lower.

Pretty much the same thing in my mind.  Owners are selling their site after building up reputation for profit.  Developers are developing stuff for profit so if they find another more profitable venture they they will gladly sell their developed site even though it is giving them regular profit to fund their upcoming venture which in their feasibility study is more profitable than the previous one.

I think Directbet site most reputed and well trusted site for sports betting. Most of the sports gamblers stopped playing sports betting after shutting down this site. But why they closed this is still a big question, and there is proper answer for this questions. All answers what we got it's just guessing. And Rollins also old and trusted the site but why they took this decision don't know. They only respond to this question.

[Baofeng]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

I think its really the losses that they have incurred in the last few months. Otherwise, I don't other reasons that they give. Although I think that self-funded casino's without investors would also contribute to them closing. They don't have a full backup the way I see as compared to other casino's. Even bitdice and Betking are opening up ICO's to really attract good investors of course to make the business more sustainable. But as in Rollio.io case, they are self-funded and one big whalers can swept all their earning causing them to shut it down.

Well, when one closes, another opportunity opens, so I'm guessing that new casino's will pop up and replace the void that Rollio has left.

[liuqi]

their reason could be various depend on the situation for gambling sites itself could be had lack of loyal players or anything else but rollin.io and directbet might be slightly different that they still have steady income from the profit but the owners decide to leave because working on another project who possibly more benefit

For example : primedice team able to build another project named stake and primedice keep existing as well so it's depend on gambling site itself
Ofcourse handling gambling site is not easy as said although most people thinking that gambling site with great community feedback will last forever

US government take closed some of the gambling site involved with the bitcoin usage option. Apart from that as you said maintaining the any site operation is very hard to handle it. I think in future we may expect more gambling site which have the btc option.

[Kemarit]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

I think its really profitable to the owner. However, if a high roller comes along big and won big, then there are times that you will have negative on your end. I'm guessing that they are now break-even and before their capital can be emptied, they are not getting out. And the remaining funds they have will be diverted to other projects as they mentioned. I don't see any other reason for the owners to really closed this trusted site other than high rollers emptying their wallets.

Due to the other projects we have, we cannot afford to risk our current bankroll with high rollers;

With a self-funded casino like them, its really hard to maintain profit when person or group or persons spends large amount of bitcoin to play and then ran away when winning big in the case of Rollin.

[btcdevil]

their reason could be various depend on the situation for gambling sites itself could be had lack of loyal players or anything else but rollin.io and directbet might be slightly different that they still have steady income from the profit but the owners decide to leave because working on another project who possibly more benefit

For example : primedice team able to build another project named stake and primedice keep existing as well so it's depend on gambling site itself
Ofcourse handling gambling site is not easy as said although most people thinking that gambling site with great community feedback will last forever

US government take closed some of the gambling site involved with the bitcoin usage option. Apart from that as you said maintaining the any site operation is very hard to handle it. I think in future we may expect more gambling site which have the btc option.

Ya it is true that US government is taking a close look on all the sites which are operating in or from US , that is why i think directbet have closed down but some site without intimation run away with users funds but directbet did not done that and have settled everyone investment. Their main problem was transaction fees and delay in transaction confirmation this is what i think.

[darkangel11]

Businesses come and go. Bitmixer also closed down for some vague reasons. They supposedly were offered a lot of money to sell the business and refused, who does that?
I'm guessing rollin got scared of possible money laundering charges, but that's just a speculation. They could've moved to a safe location and blocked US residents from accessing the site if they really wanted to. Maybe the competition was too fierce?

[maeusi]

When reading between the lines, focusing to other projects is not the only reason to sell rollin.io. They seem to fear high rollers with not enough financial reserve.

[Hydrogen]

With bitcoin reaching an all time high of $4,000+ its possible gambling sites are selling all of the btc they hold in reserve.

If I remember correctly directbet may have done this after btc reached $2,500.

Rather than sites closing from losing money, it could be that they're profiting they made from holding large amounts of btc over the long term & liquidating their reserves.

If Conor McGregor defeats Floyd Mayweather gambling sites will likely lose a lot of money though.

[Cacingkemi]

I've talked to the team of directbet regarding the cap of his site, He said there was another interest. In my mind maybe directbet there is a team problem that splits them into a mess.Because when directbet said it would close, michelle aka directdice time was not on for 6 days ,A long time, he is a very active cs at here.When I'm pm about to open again, directbet says there are no plans to reopen.
Rollin.io I think their users are reduced so they sell the site

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

What happens is the strongest that will last. Gambling sites provide only a few percent for developers, they also have to deposit the profit to the owner. He does not work alone. just my opinion
Regards dude

[BigBoy89]

I'm still curious after directbet closes its site and then keep popping up some gambling sites shutting down their business. But after looking at the auction section I was surprised to see rollin.io auction off his site and they also said that his site was for sale.

What exactly is happening on the gambling site?
Does not the gambling site give big profitable to the developer?
if the developer will continue to get the profit from a gambling site, then why did they shut down the effort that has been built since long?

Do you have an answer to this question?
Let's discuss it.

It's called cost of doing business.

For example, directbet was On-Chain bookie, which mean they were paying TX fees on every bet.
And with this/current $6/transaction, they have 3 choices:

1. Transfer the cost to clients: this mean client to not get anything on a winning bet under 0.0015 and even then, this is hude -ev
2. Make a min bet of 0.1 for example and continue to cover the TX costs. But how many players are betting min. 0.1?!
3. Move to off-chain betting like the rest, re-writing their whole platform.
4. Close the site.

And so on.

[BossMacko]

Aw, Rollin is one of the best dice site. Hope the one who will buy the site will be more productive and creative in marketing the site. anyway
rollin had their reasons why they want to sell that site. They want to focus on their other projects. Rollin community are good, admins are friendly including mods. goodluck rollin team

[LTU_btc]

I believe that there are multiple reasons why such gambling website closes.
First of all, as they said, their team want to continue to develop other projects which maybe can give higher profits.
Also, I think that they want to avoid regulations. Bitcoin gambling websites is anonymous in mostly cases and they don't ask users for their personal details. But it means that there are risk of tax fraud, and other similar stuff, which can result a block or closing of website.

[MinerHQ]

When reading between the lines, focusing to other projects is not the only reason to sell rollin.io. They seem to fear high rollers with not enough financial reserve.

What I know is all these popular gambling sites will have a pressure from most of the government agencies and who even can handle those pressure can survive for long otherwise either they will sell or close the site. Directbet was doing very good but the sudden surprise looks like not the money matter but some other strong reason to close the site.

[Caladonian]

So they selling their site now and not a totally closure another possible reason might be that they are changing business or they are really have enough with their earnings and wanted to enjoy without any hindrances along with them we can't say the actual reason by being just wishing for the best since we also seen them longer without any problem.