Why reputable gambling sites closedown after some years of success.

[Mahanton]

recently am being worried about online cryptocurrency gambling platforms with the recent event in which we witness a good number of gambling sites closing down operations after some years of outstanding records.

First, it was yolodice, and now BetBTC and many others. What seems to be the problem is that gambling software and licenses come with an expiration date, or is the gambling environment not friendly enough to accommodate and sustain continued operations.

what is your view on this?

Nothing do last forever as always and even how long a certain site or platform or service that had been operating it doesnt mean that it would really be lasting for ages
and there are several factors or reasons on why it do happen.

1. Site owner tends to close because its not profitable
2. Site owner stops and find another path or business to take or career changing
3. Bankruptcy
4. Getting hacked
....

Market is continues, if there's who do go away and new one comes in.

[1715406698]

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[maju69]

No need to worry about what you are not in, if the gambling platform is already widely available and offers various options in every time you play. You just need to move from one gambling house to another to make sure that you feel comfortable playing there. Regarding the license experienced by yolodice depends on how they work in managing the casino payments to continue to exist.

[Fredomago]

recently am being worried about online cryptocurrency gambling platforms with the recent event in which we witness a good number of gambling sites closing down operations after some years of outstanding records.

First, it was yolodice, and now BetBTC and many others. What seems to be the problem is that gambling software and licenses come with an expiration date, or is the gambling environment not friendly enough to accommodate and sustain continued operations.

what is your view on this?

Nothing do last forever as always and even how long a certain site or platform or service that had been operating it doesnt mean that it would really be lasting for ages
and there are several factors or reasons on why it do happen.

1. Site owner tends to close because its not profitable
2. Site owner stops and find another path or business to take or career changing
3. Bankruptcy
4. Getting hacked
....

Market is continues, if there's who do go away and new one comes in.

Adding to that is site owner already gained enough and they don't want to face any problem in the long run,.

More on change of plans instead of pursuing their success inside this industry, they've chosen to find another path in hope to get the same results.

Business ventures always have both success and failures. We don't know what the real score behind these two gambling houses.
but we should be happy that they ended up having no problem with all those users who enjoyed their platforms.

[harizen]

What seems to be the problem is that gambling software and licenses come with an expiration date, or is the gambling environment not friendly enough to accommodate and sustain continued operations.

If they issued an official statement about why they ceased or temporarily halt their operations, then just follow and believe it even you have doubts.

Only the person or group behind the site knows the real reason and we as users should not go deep asking them if there's something else why decided to quit or called it a good. We won't able to know what is happening behind the scene so there's no reference we can check if there's probably an issue.

For me, that's not a big deal as long as they will settle everything before going for a good exit. Better than running away and turning into a scam sh*t.

[Slow death]

what is your view on this?

there are several reasons that can lead casino owners to close their casinos.

1 - Casino owners may not have much time to manage the casino or they may be having a lot of stress with the casino problems and may decide to sell the casino to do another business that gives them less headaches.

2 - Casinos could be bankrupt which would force casino owners to close the casino

[Smartprofit]

recently am being worried about online cryptocurrency gambling platforms with the recent event in which we witness a good number of gambling sites closing down operations after some years of outstanding records.

First, it was yolodice, and now BetBTC and many others. What seems to be the problem is that gambling software and licenses come with an expiration date, or is the gambling environment not friendly enough to accommodate and sustain continued operations.

what is your view on this?

I would advise you not to worry about this.  I myself often get used to a certain site (to its interface).  And I really don't want to start using another site.  

However, this is the wrong position.  Our world is dynamic.  Everything in our world is constantly changing.  One gaming site is closed, but another gaming site appears.  

The interface is unusual, but that doesn't mean it's worse.  You can get used to this too.  There are many reasons why this or that project is closed.  Usually this is a managerial decision of its owner.  

We love to gamble....  

However, for the owner of a gambling site, the most important thing is to make a profit.

[RILWAN]

Besides what others have stated before me is the fact that running a casino site is no joke and require continues development which can be some time stressful for the team and they may decide to move on to less stressful ventures such as investment which does not require much skills compared to running a gambling site and another reason is if the casino was running an unregistered site and government unfriendly policy forcing them to close down.

[milewilda]

Besides what others have stated before me is the fact that running a casino site is no joke and require continues development which can be some time stressful for the team and they may decide to move on to less stressful ventures such as investment which does not require much skills compared to running a gambling site and another reason is if the casino was running an unregistered site and government unfriendly policy forcing them to close down.

There's no such business that wont really be that stressful for its owner because you would really be needing to mind off about new perks and gimmicks to make your business to be appealing
because if you dont able to retain such thing then expect that there would be drastic effects which might cause for your business to go out of date or would really be overtaken by those competitors.
Gambling industry is really be fierce when it comes to competition and you shouldnt really rest on finding new ideas for people do still able to go into your business.

[alexrossi]

I'd say, if the site is really reputable and had years of uninterrupted uptime, one thing that can really make difference is an hostile legislation about crypto gambling. For instance, currently I know that generally Malta or Gibraltar is used for EU customers, but nothing prevent these two countries to suddenly change the license requirements. If there isn't another good jurisdiction ready to be used, the only choice is to shut down everything.

[TimeTeller]

Besides what others have stated before me is the fact that running a casino site is no joke and require continues development which can be some time stressful for the team and they may decide to move on to less stressful ventures such as investment which does not require much skills compared to running a gambling site and another reason is if the casino was running an unregistered site and government unfriendly policy forcing them to close down.

There's no such business that wont really be that stressful for its owner because you would really be needing to mind off about new perks and gimmicks to make your business to be appealing
because if you dont able to retain such thing then expect that there would be drastic effects which might cause for your business to go out of date or would really be overtaken by those competitors.
Gambling industry is really be fierce when it comes to competition and you shouldnt really rest on finding new ideas for people do still able to go into your business.

This is very true, if are a gambling business owner for years, for sure, you've experienced a lot of highs and lows.
And this business will take a serious toll on your mental health. Other than the fact that there are also other factors involved.
Competition, maintenance of the site, other legal requirements and so on.
So it is understandable if some will quit and just venture on another thing.
But it is commendable for some casinos who announced their exit and letting their customers withdraw their funds.
While some just disappear into thin air and never heard again. There is no forever in this world.