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Author Topic: Why rollin.io closed their service ?  (Read 1035 times)
Shixe
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October 13, 2017, 01:52:46 PM
 #1

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?
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October 13, 2017, 01:58:55 PM
 #2

I believe there's no official statement from them as to why they decided to stop accepting deposits (correct me if I'm wrong).
Beyond that point we can only speculate. You can't really know their income though, it could've been unprofitable. There's too much competition these days and frankly websites like crypto-games and FortuneJack are much better than Rollin.
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October 13, 2017, 02:01:59 PM
 #3

I believe there's no official statement from them as to why they decided to stop accepting deposits (correct me if I'm wrong).
Beyond that point we can only speculate. You can't really know their income though, it could've been unprofitable. There's too much competition these days and frankly websites like crypto-games and FortuneJack are much better than Rollin.

dude dont be idi
rollin.io had 300,000 visitors per month don't talk trash about competetion calculate yourself.
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October 13, 2017, 05:03:23 PM
 #4

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?
Not really for 100,000/month. Remember (sometime casino have a lost).
Why they close? Did you read an information from Rollin.io (BTC casino) is now for sale! ?

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lazygin001
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October 13, 2017, 05:24:38 PM
 #5

No idea why but guess it is due to maintaining the site vs making profit. Such a shame, easily one of the best gambling site out there.
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October 14, 2017, 09:17:04 AM
 #6

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?
Not really for 100,000/month. Remember (sometime casino have a lost).
Why they close? Did you read an information from Rollin.io (BTC casino) is now for sale! ?


Basically, they worried about the high rollers who can eat up their bankroll so they closed the site. I also don't think casino profits are always constant and they will be gaining every month because sometimes if any big whales win then their profits will be minus side. Also, it looks like they failed to sell the site as well because of the high price.

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October 14, 2017, 09:20:33 AM
 #7

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?
Not really for 100,000/month. Remember (sometime casino have a lost).
Why they close? Did you read an information from Rollin.io (BTC casino) is now for sale! ?


Basically, they worried about the high rollers who can eat up their bankroll so they closed the site. I also don't think casino profits are always constant and they will be gaining every month because sometimes if any big whales win then their profits will be minus side. Also, it looks like they failed to sell the site as well because of the high price.


Stop making up bullshit dude ? That's the lamest answer ever.Had you known the actual facts why did the website shut down you could have given a less ignorant answer.Rollin.io is in the game since a long time and they definitely didn't shut because automatically everyone started winning big.

No idea why but guess it is due to maintaining the site vs making profit. Such a shame, easily one of the best gambling site out there.
Could be.They did the business fairly and easily is as good as very few gambling sites in the market which value their players.


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Sir. Nobody
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October 14, 2017, 01:42:06 PM
 #8

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?
Not really for 100,000/month. Remember (sometime casino have a lost).
Why they close? Did you read an information from Rollin.io (BTC casino) is now for sale! ?


Basically, they worried about the high rollers who can eat up their bankroll so they closed the site. I also don't think casino profits are always constant and they will be gaining every month because sometimes if any big whales win then their profits will be minus side. Also, it looks like they failed to sell the site as well because of the high price.


Stop making up bullshit dude ? That's the lamest answer ever.Had you known the actual facts why did the website shut down you could have given a less ignorant answer.Rollin.io is in the game since a long time and they definitely didn't shut because automatically everyone started winning big.

No idea why but guess it is due to maintaining the site vs making profit. Such a shame, easily one of the best gambling site out there.
Could be.They did the business fairly and easily is as good as very few gambling sites in the market which value their players.
They stated in their selling thread*, that they have other (more profitable I assume?) projects going on, and they can't afford to risk their bankroll to highroller bets anymore, hence they are shutting down or selling the site, and focusing on the other more profitable projects.

*https://bitcointalk.org/index.php?topic=2115806.msg21156790#msg21156790
Oilacris
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October 14, 2017, 02:19:01 PM
 #9

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?
Not really for 100,000/month. Remember (sometime casino have a lost).
Why they close? Did you read an information from Rollin.io (BTC casino) is now for sale! ?


Basically, they worried about the high rollers who can eat up their bankroll so they closed the site. I also don't think casino profits are always constant and they will be gaining every month because sometimes if any big whales win then their profits will be minus side. Also, it looks like they failed to sell the site as well because of the high price.


Stop making up bullshit dude ? That's the lamest answer ever.Had you known the actual facts why did the website shut down you could have given a less ignorant answer.Rollin.io is in the game since a long time and they definitely didn't shut because automatically everyone started winning big.

No idea why but guess it is due to maintaining the site vs making profit. Such a shame, easily one of the best gambling site out there.
Could be.They did the business fairly and easily is as good as very few gambling sites in the market which value their players.
They stated in their selling thread*, that they have other (more profitable I assume?) projects going on, and they can't afford to risk their bankroll to highroller bets anymore, hence they are shutting down or selling the site, and focusing on the other more profitable projects.

*https://bitcointalk.org/index.php?topic=2115806.msg21156790#msg21156790
I have read in the past on a thread that they are actually selling out their site.I didnt further read on whats the reason but im sure they didnt say the actual thing. Gambling site earnings isnt really constant just like been said above we wont know if they are still gaining profits or they are already on negatives.They are here quiet long time which they are definitely one of the reputable sites.Whatever the reason is then let it be.


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October 14, 2017, 02:52:06 PM
 #10

Shortly before listing their site for sale they reported 2x in a week the cold wallet being drained. I'm unclear if it was hacks or a big roller getting lucky. I doubt this was coincidental, they weren't making money is what it looked like to me. I'm a bit confused why they gave up on selling it so quickly and just decided to shut it down though.
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October 14, 2017, 04:22:11 PM
 #11

Shortly before listing their site for sale they reported 2x in a week the cold wallet being drained. I'm unclear if it was hacks or a big roller getting lucky. I doubt this was coincidental, they weren't making money is what it looked like to me. I'm a bit confused why they gave up on selling it so quickly and just decided to shut it down though.
I think their hot wallet was drained twice by hacker! i can't find rollin announcement thread anymore, it was posted there! this wasn't the first time they were compromised/hacked, they were hacked before too.
https://bitcointalk.org/index.php?topic=1340581.0
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October 14, 2017, 06:27:47 PM
 #12

Loyce here, until a few days ago Mod Loyce in Rollin Chatter Box. I haven't heard any official response in a few weeks, but 2 days ago I noticed accounts and stats have been reset. I made a new account Mod Loyce so I can chat again.

I believe there's no official statement from them as to why they decided to stop accepting deposits (correct me if I'm wrong).
There's this:
Our reasons to sell:
We want to give our full dedication (e.g. time & money) to other projects than rollin.io;
Due to the other projects we have, we cannot afford to risk our current bankroll with high rollers;
We are currently limited in our resources such as time, employees and money to make the casino prosper any further than it does right now.
To my knowledge Rollin hasn't been sold yet.

Such a shame, easily one of the best gambling site out there.
It was for sure my favourite.

I also don't think casino profits are always constant and they will be gaining every month because sometimes if any big whales win then their profits will be minus side.
I've seen a few whales win 60 or more Bitcoins during my time at Rollin. The price was much lower back then, at current rate that's $340,000 to risk. Of course, I've also seen whales lose those amounts, but it shows there is a real risk for the house when a single whale drops by once in a while.

Had you known the actual facts why did the website shut down you could have given a less ignorant answer.Rollin.io is in the game since a long time and they definitely didn't shut because automatically everyone started winning big.
Read my quote from Rollin.io above.

They did the business fairly and easily is as good as very few gambling sites in the market which value their players.
True that!

They stated in their selling thread*, that they have other (more profitable I assume?) projects going on
I know of one existing project and one project in the making, but I don't think it's my place to share their projects here.

Shortly before listing their site for sale they reported 2x in a week the cold wallet being drained.
It was the hot wallet, cold wallets are of course safe from online hacks.

Quote
I'm unclear if it was hacks or a big roller getting lucky.
I can confirm this was caused by a hacker.


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October 15, 2017, 07:22:27 AM
 #13

Do you think a lot of Casino game pages are simply flips until a problem occurs? Do you genuinely believe that more than a few stay true to integrity of having the bank to cover "larger" bets? If so;

Then you must consider, in the crypto-world, what even consitutes a "larger" bet?, few, if any Casino companies provide us with a suggestion, an indication, or a permissible limitation on our betting. We must recognize with the perceived decentralization of software, verifiable with eth-contracts, there comes a trade-off of regulatory measures.

This needs to be solved.
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October 15, 2017, 07:51:58 AM
 #14

Rollin.io was my first ever casino tryout and I will be really sad if they don't come back, though I haven't player out there in ages, it's one of the most trusted one so ya it feels bad to loose this casino. However I feel it could be due to some upgrades coming, I feel they will come back and stronger, I don't think this site will be dead. Like people have pointed out it used to recieve 100000 - 300000 visitors it's bound to bounce back. I feel it could also be due to change in Bitcoins price, that would have seriously effected them. I hope they make a return.

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October 15, 2017, 08:54:41 AM
 #15

Rollin.io was my first ever casino tryout and I will be really sad if they don't come back, though I haven't player out there in ages, it's one of the most trusted one so ya it feels bad to loose this casino. However I feel it could be due to some upgrades coming, I feel they will come back and stronger, I don't think this site will be dead. Like people have pointed out it used to recieve 100000 - 300000 visitors it's bound to bounce back. I feel it could also be due to change in Bitcoins price, that would have seriously effected them. I hope they make a return.

It is possible they will come back but with new owner as they are selling the site, if they cant find serious buyer then I think they will never come back because they have a plan on a new project IIRC. If they come with new owner = the site will be just another new sites which needs to gain trust starting from 0 even though they were trusted previously.
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October 15, 2017, 10:47:35 AM
 #16

They definitely had other option. One was to gather investors and allow people to take part in the profits. This would increase their bankroll and make everything go smooth. They could also decrease the max bet or max win whatever they preferred. It's so hard to make a casino popular and gather clients. Selling an established one is a waste, especially if it just sits and waits there closed down. If nobody buys it in the next month it's going to be hard to make people come back.

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October 16, 2017, 10:26:23 PM
 #17

There could be another reason why and its due to regulations and another with the grey area of bitcoin gambling laws.

Remember that large bitcoin mixer website, I think it was called Bitmixer. It was opperational and very profitable for many years. And all of a sudden it just closed down, wasn't it offered up for sale.

Many think its due to the darknet market sites being closed by the FBI.

BTC went up, they made killer profits, why risk it. They just closed the site and are now living on a beach somewhere.

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October 16, 2017, 10:53:19 PM
 #18

I'm not a frequent lurker of gambling section and I just found out about this today. This made me think that nothing is permanent in this world especially in crypto. We can say that they are making profit out of their casino and yet, they still chose to sell their dice game and move one to their new project (I'm just basing this reason from the statement given by its representative here in Bitcointalk). Well, best of luck to their future endeavors.


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October 24, 2017, 02:59:06 PM
 #19

I'm pretty sure they were making a nice income of 100,000$ / month.  if not more.
why they close ?

no,they surely were not making 100.000$ a month
and they had a couple of hacks prior to the closure
not sure if it was a hack or just a pretext to close the site but nevertheless,they closed shortly after
also there was a whale betting one bitcoin a pop and slowly draining their wallets
on the plus side,this proves they were legit and paid fair and square,also they didn't leave any outstanding debts
or scam accusations behind,it is just that the business didn't go as planned

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October 24, 2017, 03:30:27 PM
 #20

They have already stated these reasons for selling their platform https://bitcointalk.org/index.php?topic=2115806.msg21156790#msg21156790
Quote
Our reasons to sell:
We want to give our full dedication (e.g. time & money) to other projects than rollin.io;
Due to the other projects we have, we cannot afford to risk our current bankroll with high rollers;

So the main reason for complete closure is that they couldn't find any buyer for their casino  Grin
But they haven't scammed anyone while they were in business...

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