About Online casino/gambling projects

[dezoel]

IDK if what suddenly got you to this but are you lately been involved in gambling? Because, usually if you are new to it, you will also explore more things which are also related to it and one of it of course are those casino tokens. Crypto gambling is not a utility but it's an industry and they have been here for years. When you say utility that must be the usefulness of a casino token.

There are old projects like betfury's bfg and next would be the tfs token. the recent one would be owl token by owl casino. There's also freebitco's fun tokens but I think this one has a lack of utility among the three. The one that can kill a project is of course lack of interest of the owner and also the heavy competition.

[jrrsparkles]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

There are some casinos are still under operation even near a decade and the competition among the new casinos made the market to be more competitive as well as has to keep finding innovative ideas.

About the tokens launched by casinos mostly they failed and they are not really having any utility since the cryptocurrency like bitcoin is more preferred by players as well as investors.

[Vinaa77]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

If you use the platform too, and you bet there, of course you will see the level of win you get. For example, if you have $1k in cash, you bet the first stage, then fail. And you add $1k for the second stage, and it fails again. Then you add $1k in the third step, if that doesn't work then the platform isn't worth using, because the platform owner is really making a one-sided system. In another sense, the bookie can't be beat.

So that in this condition in a short time, users will leave the platform which makes the platform owner no longer able to maintain their platform because it is not matched with expenditure. This is what makes them close the platform. Maybe this is not at the stage of a scammer.

[ralle14]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Aside from the several casinos mentioned there's also nitrogensports and they recently changed their brand to nitrobetting.

I've seen successful gambling sites before that decide to stop operations so it could also be their own decision but if there's a main factor that can easily stop a casino it'd be the profits and the financial situation of the casino.

[Lanatsa]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Aside from the several casinos mentioned there's also nitrogensports and they recently changed their brand to nitrobetting.

I've seen successful gambling sites before that decide to stop operations so it could also be their own decision but if there's a main factor that can easily stop a casino it'd be the profits and the financial situation of the casino.

Most of the time it would be pertaining about revenue on which you cant really make and considering that there are lots of expenses on running off a site then it would really be just normal that you would really be

looking that you should really be making up some money or profits so that you could sustain.Whenever your popularity had decreased and people do play on the site lessens out then you would definitely be

considering on closing up the doors.Surprisingly there are lots of casino gambling sites on this market which are old and able to sustain for long time.

[cryptomaniac_xxx]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Aside from the several casinos mentioned there's also nitrogensports and they recently changed their brand to nitrobetting.

I've seen successful gambling sites before that decide to stop operations so it could also be their own decision but if there's a main factor that can easily stop a casino it'd be the profits and the financial situation of the casino.

Most likely it will be their financial situation that will really cause them to stop. We have seen a lot of casinos that we thought are really successful because they started here in the community and even have campaigns that have been running for many years. And yet we don't know what is happening from behind and we will suddenly here that they are going to shut down for good and we can only speculate that there is money problem despite them very active here. Others may have just re-brand themselves, but still if there is some scam or reputation issues, if won't solve it by just changing their names.

[lionheart78]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I think main reason that kills online casinos are problems with payment systems. If your customers have technical issues with deposits or withdrawals, you will definitely lose a lot. People want to use their money in quickest way possible. Some casinos don't invest a lot in this section and this makes people cold to use that place in future. Honestly speaking I really dislike casinos which makes me wait days for just thousand dollar withdraw from my account.

Most probably the problem is on the financial side of the casino.  If they have the available fund, I believe they can have your withdrawal transaction processed instantly.  The thing that delay your withdrawal is the lack of fund on the hot/cold wallet of the casino and is collecting funds on the losses of their player.  When they have enough, then that is the time when you got your withdrawal request processed.

snipped..

this issue ends up coming to costumer support
if the website is responsive and helps with the issues it'll end up building trust over time and people will think it is reliable.

of course it's challenging when they are scaling exponentially.

I do not think that the is coming from customer support.  Customer support are there to process or answer the client's inquiry.  The processing of withdrawal is up on the Finance Dep't or technical Dep't and has nothing to do with support staff.

I believe if withdrawal request is delayed, there is problem with their finances and this will make players doubt the platform and eventually leave it and may start of the decline of the casino if not fixed.  Many gambling project or online casino shutdown because of fund mismanagement even though their platform is working perfectly fine and had a successful marketing campaign.

[Lucasgabd]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Aside from the several casinos mentioned there's also nitrogensports and they recently changed their brand to nitrobetting.

I've seen successful gambling sites before that decide to stop operations so it could also be their own decision but if there's a main factor that can easily stop a casino it'd be the profits and the financial situation of the casino.

Most likely it will be their financial situation that will really cause them to stop. We have seen a lot of casinos that we thought are really successful because they started here in the community and even have campaigns that have been running for many years. And yet we don't know what is happening from behind and we will suddenly here that they are going to shut down for good and we can only speculate that there is money problem despite them very active here. Others may have just re-brand themselves, but still if there is some scam or reputation issues, if won't solve it by just changing their names.

but running an online casino is an expensive operation?
besides security, paying employees and having some bankroll what are the other huge costs?

yes, re-branding is a thing sometimes
better to keep eyes open not to fall for scams
sticking to the most reliable casinos is probably the safest bet.

[crwth]

There are a lot of online gambling crypto websites that have been existing for a long time now, and a lot of members have already mentioned it in their posts. I don’t know what you mean by you don’t see projects that have survived because there is a lot. None of the trusted casinos have been scammed, but there are issues, of course, but they can be resolved for sure. Just look at members signatures. There are a lot.

[Finestream]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I think main reason that kills online casinos are problems with payment systems. If your customers have technical issues with deposits or withdrawals, you will definitely lose a lot. People want to use their money in quickest way possible. Some casinos don't invest a lot in this section and this makes people cold to use that place in future. Honestly speaking I really dislike casinos which makes me wait days for just thousand dollar withdraw from my account.

This problem has been very common to most of the gambling casinos as they suddenly become tight when it comes to winnings withdrawals when in fact gamblers should be given more convenience withdrawing their own money. The reason why mostly gamblers do not gamble anymore on those casinos who have technical issues on deposits or withdrawals as it only means they are not reputable and they cannot be trusted most particularly if you win such huge amounts.

[goinmerry]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I have read this a lot of times and I realized, are you referring to those gambling site projects that held an ICO or related stuff in the past and still operating up to this point? The reason I have thought of that is, those old gambling sites that already established a good reputation here didn't start that way.

Mostly from what I remember, most gambling sites that went through there didn't end up successful.

[alegotardo]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

In fact there are many gambling sites that do not last a year, it is due to their facts that have been created in the ambition of trying to make easy money with this warm niche, but are sites that are launched without any planning.
The rules for this type of operation in several countries is also increasingly rigid, which has been amazing new adventurers.
However, we have several old, consecrated and safe sites (already mentioned by other participants).
For those who have good planning, money to invest and want to do the right things, can progress and make a lot of profit from this type of business

[Wexnident]

There are a lot of projects that have lasted pretty long (though the same can be said to the ones that were lost), heck some of the new ones can even compete imo with the older ones, so it's really just a matter of finding one that could actually last and you're willing to invest on. Crypto casinos are pretty much just like any other casino so anything that kills casinos would basically kill an online casino as well. Put importance on customer support and answering user queries, try to solidify that part before trying to put out bonuses, events, etc., so that it can last for a long time.

[wxa7115]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

You can see for yourself that there are in fact several casinos which have survived and thrived in this market for a very long time, if you are interested you can check the gambling section of the forum and take a look at some of those casinos.

And about what ends up killing them the truth is that the same reasons that affect regular businesses affect cryptocurrency casinos as well, some of them turn into scams, some others were badly administrated and went bankrupt and in some cases the owners lost the desire to keep themselves in business and sold their casino or simply closed their doors.

[Reatim]

There are a lot of projects that have lasted pretty long (though the same can be said to the ones that were lost), heck some of the new ones can even compete imo with the older ones, so it's really just a matter of finding one that could actually last and you're willing to invest on. Crypto casinos are pretty much just like any other casino so anything that kills casinos would basically kill an online casino as well. Put importance on customer support and answering user queries, try to solidify that part before trying to put out bonuses, events, etc., so that it can last for a long time.

Bonuses are just part of the luring process but the main case is the support and the withdrawals , without those 2 any other casino  businesses online will die for sure like what we mostly see here as they are tagged as scam projects.
I hate to see them losing but without proper support and the delays from withdrawals? surely it will end in bad ways.
have been playing for years , also had experiences in withdrawal delays but lucky that those site I played are really trustworthy and bring their words into reality so finding those is hard nowadays so better keep an eye on those areas.

[Strongkored]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Many have survived for a long time and they continue to grow into big casinos, profit and can make collaborations with big sports clubs and outside this forum there must also be.
Survive or not the casino you want to build really depends on your abilities and intentions, many online casinos that appear are just to cheat and or be a scam because they don't have the ability to develop it and to get a profit, also your capital greatly affect the development.

[jostorres]

There are a lot of online gambling crypto websites that have been existing for a long time now, and a lot of members have already mentioned it in their posts. I don’t know what you mean by you don’t see projects that have survived because there is a lot.

Maybe what he mean are gambling sites which came out in the early days of crypto. There are lots of them when we backread the pages of our gambling section but many of them are not active anymore. I think that's because they are on chain type of gambling and people find it not really secure because they will just deposit on one address and the rest will be done automatically not like to the gambling sites nowadays where we have our own separate deposit address and we can be able to withdraw our funds manually.

None of the trusted casinos have been scammed, but there are issues, of course, but they can be resolved for sure. Just look at members signatures. There are a lot.

A trusted casino remains trusted until they commit a scam. There are cases like that on the past. We must stay vigilant at all times and watch out for the signs to prevent them.

[dimonstration]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Many have survived for a long time and they continue to grow into big casinos, profit and can make collaborations with big sports clubs and outside this forum there must also be.
Survive or not the casino you want to build really depends on your abilities and intentions, many online casinos that appear are just to cheat and or be a scam because they don't have the ability to develop it and to get a profit, also your capital greatly affect the development.

I think he mean startup casino with utility tokens and not old casino that start from scratch because there is only few startup casino that I know that still survive on crypto space except those new web 3 casino like Betfury and Owl whose currently top of this type of casino but the rest who start this project idea during 2017 like edgeless, vslice and crypto casino startup with utility tokens already die or not that active anymore.

So I would assume only few survive and not that many if we consider those old projects way back then and not the new generation casino with utility tokens because they need to experience long crypto winter too before we can conclude.

[Cling18]

I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

Lots of casino sites have started as small projects but developed and turned into big casino sites in time. Yes, they have been running for a long time and still working until now. It took a lot of courage for them to build up a strong reputation to maintain and keep their site running. Most top casino sites nowadays have been running for a long time already.

[ralle14]

Bonuses are just part of the luring process but the main case is the support and the withdrawals , without those 2 any other casino  businesses online will die for sure like what we mostly see here as they are tagged as scam projects.

I agree support is so important because fast responses are needed whenever there's an issue between their customers and the same goes here in the forum side. Thankfully though most casinos process their withdrawals automatically and usually it only gets delayed for certain reasons(security flag, maintenance, etc).

but running an online casino is an expensive operation?
besides security, paying employees and having some bankroll what are the other huge costs?

I'd also include the license of the casino as some of them have different licenses aside from the usual Curacao one.