Is something big happening behind the scenes that no one is talking about?

[Get-Paid.com]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

[1715026293]

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[crzy]

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

There’s a threat of recession and USA is not doing good when it comes to their financial and economic policies, probably those big companies are just trying to survive and cutting their cost is one way to help they stay in operation. With regards to stake cutting the bonuses, they can’t just do this for a long time when the numbers of players are declining or the result is not on their side, crypto companies also need to balance everything. There’s a something going on that we may not know, only those developers knows what is coming.

[serjent05]

but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

Crypto sites are also subject to challenges and hard ways.  It is possible that in order to maintain the giveaway and bonus, the platform decided to cut the reward so that they can continue to give the benefits of the player but in a smaller amount.

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

Obviously, that is their budget and profit not meeting its previous glory.  About Binance... I don't have any idea and I don't care.   About profits, it is a no-brainer that every business wanted it, the larger or bigger, the better.

[dimonstration]

Other reputable casinos is adjusting bonuses based on the season and market situation. I’m not a player on Stake but probably their bonuses is just not profitable for the business side. Blackjack.fun increased their rakeback few months ago until and adding VIP benefits. I think it’s just an adjustment on the Stake side and one or 2 casino doesn’t speak for the gambling industry.

In case Curacao License will be busted, I think crypto casino will just a find new license provider to operate again globally. They will not gonna take the fall because they are customers by license provider and not affiliated on it.

What’s exactly the bigger picture you are trying tell us?

[Slow death]

another well known group is investing less on their current site and starting a new site with a new domain

I confess that I'm lost, can you tell me which site are you talking about? because without a doubt it is very useful and important information, also because it is very strange that an old casino changed its domain, as I don't know what site it is, so I don't know if it is an old site or a new one, but if it is a site old so there's definitely something serious going on with the site, changing the domain is a big decision and I don't see a reason for an old site to change the domain unless it's in big trouble

and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

I looked it up on google and didn't find anything, even searching in English and then in Portuguese I didn't find anything about curacao being investigated for money laundering, the only thing there was this:

Curacao is categorised by the US State Department as a Country/Jurisdiction of Primary Concern in respect of Money Laundering and Financial Crimes. Curaçao is a regional financial center and a trans-shipment location for drugs and gold from South America.

source: https://www.google.com/search?q=Curacao+being+investigated+for+money+laundering&sourceid=chrome&ie=UTF-8

I don't know if this has been on google for a long time or not, but it's not a good thing, it's definitely not a good thing. I don't know how other countries will see the licenses issued in Curacao as something of good reputation and respectability, probably some time from now the licenses issued by Curacao will not be accepted internationally as something serious and casinos will be forced to look for licenses issued in other countries considered serious by USA and European Union, for now everything is fine with the licenses issued by curacao, many countries still don't even have laws on cryptocurrencies, so they won't charge many things in relation to cryptocurrencies because they know that there is still a lack of laws

[robelneo]

When there's reduction and cost-cutting it has something to do with recession or business conditions, a business platform like a casino is under stiff competition they have the allocation for marketing, salary, and of course platform operation, there are good and bad seasons, Stake is an industry giant it should be the first to benefit being the casino of choice on peak season but there's a low season they may cut it now but expect to bring it back when there is a peak season.
And about the case of Curacao, there should also be other license issuers to turn to in case Curacao ceases to issue licenses.
So far the gambling industry is still good as ever and it will continue to be so, it's an industry that will not suffer much because there is a huge market.

I don't know what these are behind the scenes but if there are, they will soon come out we have people in the media that loves to dig deep and bring it out to the public because it's big news when big industry players are involved.

[Wexnident]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

I don't think it has anything to do with something big, it may have been just businesses adjusting their marketing promotions after idk, overdoing them (not really familiar with how much they've done in the past year or so) or they're planning to create a new promotion of sorts, or simply need more funds to invest/pay(recession stuff) somewhere else. I can't find the Curacao and money laundering article so i can't really judge anything about that.

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Who knows? We aren't exactly privy to the details that big companies are having, especially if it was methods to combat their businesses going out of service due to say, a recession. We can't exactly assume it's Curacao failing AML policies since there's already a few answers here, mine included, that didn't really find any info about it.

[libert19]

My personal view is that it's about increasing profits. Once companies are grown enough, they will try to increase ARPU. Get user growth by giving incentives first, once platform is grown big enough, bank off the growth.

[Get-Paid.com]

I looked it up on google and didn't find anything, even searching in English and then in Portuguese I didn't find anything about curacao being investigated for money laundering, the only thing there was this:

There you go:

https://www.curacaochronicle.com/post/local/curacao-under-scrutiny-for-anti-money-laundering-and-counter-terrorism-financing/

My personal view is that it's about increasing profits. Once companies are grown enough, they will try to increase ARPU. Get user growth by giving incentives first, once platform is grown big enough, bank off the growth.

Perhaps ... it does feel like this could be the case.

[tusandii]

My personal view is that it's about increasing profits. Once companies are grown enough, they will try to increase ARPU. Get user growth by giving incentives first, once platform is grown big enough, bank off the growth.

I really agree with what you said buddy.
For now there are some big casinos that do something like that, In the beginning they easily and often give incentives to the users so they actually have more loyal users but when the casinos grow big so fast that they have a lot of loyal customers they stop or reduce budget spending for incentives so that you can reap more profits.
I don't know if this kind of thing will continue to happen or not but in fact this is what is happening and maybe in the future it will give disappointment to users to make them look for other casino options out there that can provide more benefits.

[gunhell16]

If the stakes have reduced the bonus to their gamblers, then we can do nothing and we have no right to play a gambler who will be angry with them as well.

For me, it was good and just deducted while at other casinos they probably suddenly removed the bonuses for their gamblers on their platform. And maybe the stakes did that instead of changing them or removing them, what they did was based on the allocation they had here as if the allocation budget for bonuses could have been reduced and we don't know why?

[UserU]

Better to cut down on the goodies than continuing and eventually failing to sustain and go tits up.

After all, businesses are still businesses.

[piebeyb]

there is no problem with the bonus after all only a handful of people complain about it there, there are still many users who play and don't leave the Stake just because of the bonus, well maybe they want to replace the bonus with another program the proof is that there are still many prizes distributed by the Stake to their users, so this is not something to hide because all casinos may also change their bonus or other events program.

The Stake will explain everything why their bonus was reduced in their thread, so they don't have to explain it here, it's better to look for an answer directly from the Stake in their thread because you will get the answer there without any mistakes and missed information

[davis196]

This topic belongs to the Gambling Discussion forum, not the Gambling forum.
I think that the only good reason for Stake to lower their bonuses is a decline of the active gamblers on the platform.
The competition in the gambling industry is furious and no crypto casino is guaranteed to stay at the top forever. Probably Stake is losing customers, but on the other hand, lowering their bonuses won't help for gaining new gamblers, because many other casinos are offering bigger bonus rewards.
I can't comment on the "money laundering investigation" in Curacao. I don't have verified information about this news.
We could only guess about what's happening there.
Maybe a global recession is coming and the crypto gambling industry will suffer losses, just like any other industry.

[Oshosondy]

Other reputable casinos is adjusting bonuses based on the season and market situation. I’m not a player on Stake but probably their bonuses is just not profitable for the business side. Blackjack.fun increased their rakeback few months ago until and adding VIP benefits. I think it’s just an adjustment on the Stake side and one or 2 casino doesn’t speak for the gambling industry.

What if the casino is getting bigger and only looking for the profit side? It can be in a way that they have noticed high number of customers and prefer to reduce their promotional offers instead.

Or maybe it is because of what you think too, but the best answer would be from the company itself which is Stake, although if the gambling site is truthful about it.

[Pmalek]

Stake is already a renowned name in gambling circes. Maybe their marketing team figures they don't need to invest that much money in bonuses anymore. They are already one of the best crypto casinos with a good share of the market and that won't change. They invest a lot into promoting and advertising the brand.
I don't know how BCgame is doing, and what's the motivation behind them abandoning their rakeback program, though.

I confess that I'm lost, can you tell me which site are you talking about?

Maybe he means PlayBetr. That brand doesn't exist anymore and has merged with Betcoin. PlayBetr now redirects to a new.betcoin domain, while the old Betcoin site still works. After a while, the old site will also shut down, and only the new one will continue to operate.

[coin-investor]

there is no problem with the bonus after all only a handful of people complain about it there, there are still many users who play and don't leave the Stake just because of the bonus, well maybe they want to replace the bonus with another program the proof is that there are still many prizes distributed by the Stake to their users, so this is not something to hide because all casinos may also change their bonus or other events program.

The Stake will explain everything why their bonus was reduced in their thread, so they don't have to explain it here, it's better to look for an answer directly from the Stake in their thread because you will get the answer there without any mistakes and missed information

I agree you don't replace or stop playing because of the bonus, for a gambler reputation and convenience is the most important, and I don't see Stake cutting cost from giveaways and bonuses and its not permanent they always launch new contest and giveaways, gambling is still the most profitable platform but the most competitive, they will always have surprises for their players for them to keep playing.
Some of the big stories always have a leak so if there are big stories coming out there will be employers or insiders who will leak them, vloggers, and News oriented sites, have insiders or contacts in the industry.

[Crypt0Gore]

A rumor about the upcoming recession is indeed going around, which could be a plus why those gambling companies are doing this, but this is a business we talking about, if they believe that reducing costs is the only way to lower their expenses and thus increase their gains then they should do it. This same thing happened in the last bear market where almost all big companies are cutting off their expenses and workers, I won't be surprised if the same thing is happening right now.

In short I will be happy, because of buying opportunity that this could bring for investors like us, it could be a big plan from bigger players to bring in a lot of money for less cheap Bitcoin and others.

[_act_]

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

I think this question is all about Stake, not Binance? Why mentioning Binance?

Is anyone else feeling like something is wrong here?

According to your post, it is like you are up to something, is there anything you are not yet telling us?

Know that gambling sites bonuses can be high when they need more users. That is why you will see casinos and other gambling sites that have just started, they do have higher bonuses. But Stake is not new again, their users are increasing, they may because of that reduce their bonuses.

If you are relating it to an issue like bear market or exchange faliing or collapse, I think that is wrong. Even there is just little bear market this time and nothing is happening to Binance exchange.

[ethereumhunter]

I don't think anything major has happened in the gambling industry and it's still going well. But even though something will happen in the gambling business, we don't know for sure and can only guess.

And we also don't need to take it seriously and continue gambling as usual. But people who are used to getting bonuses from casinos feel that the bonuses are much reduced than before. And maybe this will affect the times they play gambling. And we also don't need to play gambling too often, especially since we are not people who often receive bonuses from casinos, so it doesn't really have an impact on us.

[swogerino]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

I don't know about other users but it depends on the wagering requirements for the bonuses in Stake,yesterday I got my biggest bonus weekly 0.013 Litecoin and in the middle of the month also got my biggest ever monthly something along 0.158 Litecoin and I doubt any other site to offer such bonuses.My wagering for the month has been like 1600 dollars while gambled money less than 60 dollars so getting that amount of bonus monthly is a great indication for me that Stake is still doing the same and I also have seen the chat there with people complaining but that is because of their expectations which are unreal compared to their wagering made.

[Rruchi man]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

The new changes can be an indication that something is happening, a new development is taking place and because like you have said that it is behind the scenes, we may never really know what exactly until it has happened because we are not behind the scenes.

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

Even if you imagine that they are growing and do not need to cut down cost, there is a need for them to manage the profits properly that they are getting knowing that the profits may not keep coming like it is, not because crypto gambling will no longer be a thing or have a reduction in people who are interested in it, but also due to the competition that they will be getting for customers as the number of crypto gambling sites increase.

[Reatim]

maybe  it is coincidence ?  but even not I'm sure that there is a individual reason for this  and  from What i see here ? they are cutting expenses and maybe they believe that bonuses is just part of the offering and gamblers will still gamble even without this as they are reputable and that is the most important thing in each gamblers?

[dimonstration]

maybe  it is coincidence ?  but even not I'm sure that there is a individual reason for this  and  from What i see here ? they are cutting expenses and maybe they believe that bonuses is just part of the offering and gamblers will still gamble even without this as they are reputable and that is the most important thing in each gamblers?

I believe I heard on one of Eddie stream that they paying big time on marketing and tables with their live games. Stake is one of the reputable casino that secure partnership on top celebrity and athlete in the world like Drake and Adesanya. They have a lot of partnered streamers that being paid so I guess they are just cutting expenses since crypto market in on the brink of market down.

Cutting the bonus reward is not a big deal for them since they already have a huge number of user that actively playing in there casino. They also have a regular giveaways and promotion that can compensate with this changes.

[CryptoHeadlineNews]

Is anyone else feeling like something is wrong here?

According to your post, it is like you are up to something, is there anything you are not yet telling us?

Know that gambling sites bonuses can be high when they need more users. That is why you will see casinos and other gambling sites that have just started, they do have higher bonuses. But Stake is not new again, their users are increasing, they may because of that reduce their bonuses.

But if I should ask, is this the first time "Stake" casino reducing its bonus offer on it's parent casino? Or has that been a regular routine to increase and decrease at time best known to them? Because as a casino I think they have right to reduce its bonus if the casino finance team think they can't afford to offer such anymore, and I don't see any reason why anyone panicking, in as much as they haven't had issues on site, or scammed anyone in recent times. But moreover, thanks O.P for taking notice of that first and informing the forum.

[Eureka_07]

<snip>

I recently heard that some big companies are also cutting their costs (e.g., by reducing the number of their employees). People said that it is being done for these companies to survive the operation and competition against their respective competitors.
I'm not sure though if this has any connection with these sites reducing/removing bonuses. But I'm sure they have a good reason.

[Fortify]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

It could just be coincidence, there are many big gambling sites out there and if a couple happen to pull back bonuses for a little while it's nothing major. In the bigger picture and only tenuously related, financial regulators are taking a much deeper interest in any companies that are related to crypto right now. Two of the biggest person to person exchanges have closed in the last couple months, after almost a decade of doing business. It's not hard to companies to be pressured into closing if that can happen and the fact that Binance does not play ball with US authorities is a big black mark against them. There's also the Silvergate and Silicon Valley Bank bank scandal which fell over and they were used by a lot of crypto companies.

[dimonstration]

Other reputable casinos is adjusting bonuses based on the season and market situation. I’m not a player on Stake but probably their bonuses is just not profitable for the business side. Blackjack.fun increased their rakeback few months ago until and adding VIP benefits. I think it’s just an adjustment on the Stake side and one or 2 casino doesn’t speak for the gambling industry.

What if the casino is getting bigger and only looking for the profit side? It can be in a way that they have noticed high number of customers and prefer to reduce their promotional offers instead.

This can be the case but Stake is doing this strong promotion for many years since they start their brand. This sudden changes with their bonuses will surely create question like this. Your assumption might be right because their signature campaign here doesn’t have any changes which means they doesn’t any issue on the fundings for the marketing purposes.

They might start collecting profit by reducing bonuses since they already have the majority of the customers in crypto casino industry.

[pawanjain]

There can be only two possible reasons. Either the company is doing good or it's doing bad.

If it's doing bad then may be it's the recession that has hit them as well and may be they are not performing really well.
May be their users don't really have more money due to recession to gamble and so the gambling sites' profits would have declined.

If it's doing good then may be the site bonuses/rakeback cut down is temporary and they are planning to revive it again later as part of their strategy.
Or may be they are trying to implement something different which is why they would have removed it.

[Negotiation]

If the bonus in the casino reduces the profit then even if the number of customers is high it seems that it will decrease gradually, because many people are interested in the casino to get more bonus. Welcome bonuses are a staple of the online gambling experience but it is not only a financial incentive but also a bonus to encourage a new player. These bonuses sometimes give players more benefits, so joining a new casino is usually an exciting and entertaining experience.

[iv4n]

There you go:

https://www.curacaochronicle.com/post/local/curacao-under-scrutiny-for-anti-money-laundering-and-counter-terrorism-financing/

Curaçao will be under scrutiny in June as the Caribbean Financial Action Task Force (CFATF) conducts an investigation into the country's compliance with international norms regarding anti-money laundering and combating the financing of terrorism and proliferation.
...
The CFATF assessment will ultimately determine whether Curaçao is considered a country that complies with these guidelines. If it is found that Curaçao does not or insufficiently comply, it will be publicly identified as a country with deficiencies in its framework.

EU tax "grey list"

In addition to the CFATF assessment, Curaçao's financial sector is facing the challenges posed by the EU tax "grey list."
...

Well, Curacao is shady as it can be I guess... but they are tax heaven for that reason. I bet this is not the first "investigation", so whatever the results may be I doubt that we will see some big changes.

Maybe I am wrong, and maybe something is coming for Curacao sector, I guess we will see. Maybe these casinos are preparing something new, for different kinds of bonuses and promotions... shutting down the old ones and preparing for new ones?

I just noticed that BC no longer has rakeback, and it didn't mean anything special, at least to me, some other sites have better rakeback and promotional days with more significant rakeback.

[Webetcoins]

I've not seen the news about Curacao being investigated for money laundering and stuff, if that is the case, it might have something to do with all those bonus cuts, etc. The authorities are really getting on the nerves of every platform or sector that involves cryptocurrencies and they are not going to stop, this isn't good.

If they start investigating or sealing licensed cryptocurrency casinos, they will definitely hunt down those who don't have a license yet, and if things go that bad, I'm afraid there will be a big downfall in the crypto gambling industry.

[Kakmakr]

Stake.com has to reduce the bonuses, because they are pushing too much money into marketing and they are expanding too fast. Stake are paying for massive sponsorship to Everton and Drake and UFC fighters and also to some of the biggest gambling streamers in the industry.

I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites) 

[Saint-loup]

My personal view is that it's about increasing profits. Once companies are grown enough, they will try to increase ARPU. Get user growth by giving incentives first, once platform is grown big enough, bank off the growth.

I don't think it's the right explanation because the turn-over at online casinos is very high since players making profits without getting banned or restricted are few and the number of people bearing losing money over years is small too. It means they constantly need to attract new players (that's why they are still heavily promoting their casino here, with such a large signature campaign). But unfortunately for them they've recently been banned from Twitch, and they don't seem to be welcome on Youtube too, it seems streamers were very good at converting gamers into casino gamblers though. So they've lost their main marketing mean, and testimonies showing unprofessional or dishonest conduct from them are accumulating over internet, in top of that. Their business model can't be as profitable as it used to be then.

The client becomes loyal to the company after making at least six deposits. However, only 20% reach the sixth deposit, that is, one out of five people: this is where a considerable loss of money happens. From the moment of making the first deposit to making the second deposit, gambling companies lose half of the players.

https://qr.ae/pvEfUs

[Findingnemo]

Big companies doesn't mean they are in profits all the time they also have to face rough phases and along with more competitors they might consider using that money on something instead of usual spending this could be the reason in my opinion.

About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.

[Alphie12]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

I think it's just the individual casino since plenty of bonuses exist.

[Mate2237]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

Op if you know what is happening in those sites you mentioned either behind the scene or in the real movie, you can tell us. Reducing bonuses in a casino is the casinos' choice and not for the gambler. The gambler can only ask the casino "why" and the casino can give the reasons of doing that. Because bonuses are meant to attract and lure gamblers in the casinos' sites and if they want to remove it, it is their choice. Participants might also notice what you have noticed but not all. It might that they want to restructure their bonuses and other benefits.

[livingfree]

Stake.com has to reduce the bonuses, because they are pushing too much money into marketing and they are expanding too fast. Stake are paying for massive sponsorship to Everton and Drake and UFC fighters and also to some of the biggest gambling streamers in the industry.

I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites) 

I agree, when a casino has seen to have a lot of endorsers and they're not just endorsers but huge celebrities and personalities. The cost of it is known by most and they've taken a lot of fee from them.

With such move, it's a marketing and they need to look for some reduction that they're generous about but it could also just plainly a decision of the management to cut some bonuses when they think it's too much already.

But then, I'm expecting that they'll eventually get back to those usual rates and percentages that they've been known with.

[TimeTeller]

Big companies doesn't mean they are in profits all the time they also have to face rough phases and along with more competitors they might consider using that money on something instead of usual spending this could be the reason in my opinion.

About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.

We can't conclude to why this is happening to these casinos these days. We can just speculate on this matter.
And one reason is, they maybe are cutting costs because their profits are not the same as before.
As they already got the loyalty of some of their patrons, they are slowly reducing their bonuses or possible expenses.
To survive in any industry, they need to think of ways how to sustain their operations.
And one thing, is to cut down costs from areas they think are unnecessary. They won't cut down if they think they are gaining from that area.

[goaldigger]

Big companies doesn't mean they are in profits all the time they also have to face rough phases and along with more competitors they might consider using that money on something instead of usual spending this could be the reason in my opinion.

About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.

Exactly, they have to adjust their budget and limit their cost in order for them to still have profit and continue the operation of their business. Crypto casinos might also not afford to have such bonuses for a longer time, their bonuses will always depend on how much money they make because if they are already in loss, giving high bonuses is not ideal anymore. This might be the trend now as many are already suffering from losses.

[slapper]

Feeling jittery about the crypto gambling roller coaster? Totally normal! But remember, even the best businesses must make huge, strategic moves to stay on top and rake in the profits. Could be fierce competition, market shifts, or bracing for financial storms – who knows? And Binance? Hard to say, folks. But a smart move? Diversify those investments – don't put all your eggs in one basket. Whatever's going on backstage, let's keep supporting stellar casinos like Stake. Their dedication to openness and fairness? Unmatched. Absolutely incredible!

[GxSTxV]

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

There seems to be some connection between casino licenses given by Curacao as investigations against it started and i don’t think money laundering will be a surprise looking at how many scam casinos have their license and got rid of all the complaints, but I’m sure it’s nothing related to crypto market as it is unlikely that casino owners would have foreseen the impact of crypto or Binance. We will have to wait and see if more casinos follow suit in cutting off bonuses and promotions, which would confirm that something is amiss and potentially harming the industry. However Im skeptical that such a downturn will occur anytime soon.

[ralle14]

The other casino i'm using is still giving out the same rewards and they also have a Curacao license so it's most likely a coincidence that a couple of big casinos are starting to chunk down on the VIP bonuses.

I think these sites needs to re-prioritize and start reducing the marketing and start pushing more into their existing players. I play the same games that they provide on their site on other sites and my player experience is much better. (The RTP is just wrong on these big sites) 

I agree they have to do some changes because their aggressive marketing at some point will cause harm to the site. Aside from these big sponsorships they still have to spend some on their streaming platform Kick as i've seen from certain posts that some of the popular streamers are joining their platform.

[Chikito]

About the money laundering issue I have no idea at all which may hit the crypto casino if something goes wrong cause most of the gambling site uses their license but it will not be the end no matter what.

It could be matter if they found it. We know after the biggest mixer resizes from the agency, some of them try to look for potential money laundry flatform like the gambling site, it's not impossible, but I think hard to look at where the money comes from in many countries. For example like Stake, which has an endorsement from a premier league club, which I think have thousand user from many countries where over a million people watched it.

[peter0425]

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

There seems to be some connection between casino licenses given by Curacao as investigations against it started and i don’t think money laundering will be a surprise looking at how many scam casinos have their license and got rid of all the complaints,

This is something that needs to be accounted because that is completely correct while there are so much scamming happening in crypto gambling in which scam casinos keep getting licenses and yes curacao seems not to be concern at all.

maybe this is their way of showing  concerns about victims and being tight for their qualifications.

but I’m sure it’s nothing related to crypto market as it is unlikely that casino owners would have foreseen the impact of crypto or Binance. We will have to wait and see if more casinos follow suit in cutting off bonuses and promotions, which would confirm that something is amiss and potentially harming the industry. However Im skeptical that such a downturn will occur anytime soon.

It May or may not mate , but the good thing is there is actions happening now and casino must pay attention to this or else the whole business and market will be in trouble .

good act though  from all sides that tries to implement these .

[benalexis12]

As far as I can see, there is nothing wrong with the stakes, their policy is that they can change it anytime, no gambler can complain about that, and you don't seem to know that. In addition to that, it seems that what Stakes did was also okay because instead of removing the bonus for their qualified gamblers on their gambling platform, they still kept it even though they knew that the allocation they had for that had decreased. Therefore, they still really prioritize their community gamblers to be honest. But this was just my thoughts and opinion only.

[tusandii]

This is something that needs to be accounted because that is completely correct while there are so much scamming happening in crypto gambling in which scam casinos keep getting licenses and yes curacao seems not to be concern at all.

maybe this is their way of showing  concerns about victims and being tight for their qualifications.

Scam casinos register licenses when they haven't been released and when they have been released they are still a real casino and haven't committed fraud against customers but when it's been a while and have more customers they can only commit fraudulent actions to make a big enough profit so it's natural only if they still get the license to operate.
Casinos are a business and have a large enough profit margin that it can be easy to get rid of complaints or accusations of fraud against them.
It seems that casino licenses really have to work 2 times in conducting investigations of all casinos that use these licenses so that when someone commits fraud the license can be revoked and the casino can indirectly lose many gamblers so they don't commit fraud again.

[Get-Paid.com]

As far as I can see, there is nothing wrong with the stakes

The issue is not with Stake itself specifically or with their site, they keep on having promos, and they pay users promptly, nothing's wrong with that... you can just see a decrease in the bonuses, and some other costs, BCgame cutting the Rakeback likewise is not a good thing, but sites like theirs have to cut some bonuses - the main question in this thread is why?

A coincidence with some other big crypto event? Or just profits? Or something else?

That's the main question here, that's the reason this topic was created.

[Plaguedeath]

Although this thread isn't discussing about decreasing in bonus and reward, but it's also discuss about license problem even though it's already resolved Rollbit Casino loosing value due to Licensing Ambiguity amongst users.

We shouldn't be surprised when the regulations will more and more tighter since the government want to make sure they can monitor anything in order to not break their laws. Curacao license is a weak license for online casino as they can still accept scam casino to use their license and they're not protecting the gamblers if they get scammed from the scam casino.

[xSkylarx]

For sure, one of the reasons for this is because of the inflation or recession in the world. Casinos are not exempt from this, but we really don't know the real reason behind it. But for sure, they just cut losses to give way to another event. or there is a decline in the profit at a specific casino, and if they do not cut the cost for sure, they go bankrupt.

[Haunebu]

There is nothing going on behind the scenes as far as I can tell since it's all happening right in front of us. The answer that you are looking for is global economic issues which you yourself mentioned op.

Crypto gambling sites are still businesses at the end of the day which is why they are trying to survive through these cuts etc.

[Saisher]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "

Casinos online and offline always do that from time to time but they always come out with a new set of bonuses, it depends on the season but when there is a season where gamblers are likely to have money coming casinos will lure them by giving bonuses and casinos

We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes they are under investigation but that's all the news coming out there is still no rulings so there is no need to panic, it's not something hidden when there's something big is happening, this is a piece of fresh news and the media will monitor and take this story to verify it in a coming days

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

Until there is verified news on all of this we are just speculating, I don't think stable casinos like Stake will just cut costs because they are having financial issues, casinos do these things but always comes out with new surprises when peak season in gambling comes.

[Yogee]

They planted some seeds though their bonuses and other promotions so they probably decided to stop that and focus on reaping the rewards. You'll probably see these casinos with new offers during the next "planting season".

Cutting costs is sensible if they fear of the economic downturn but we've seen how online gambling grew during the pandemic so that reason is still questionable.
I also don't think the investigations have anything to do with trimming down on promotions. Why should they focus on that when they have a bigger problem to face if Curacao is found guilty of aiding money laundering?

[piebeyb]

For sure, one of the reasons for this is because of the inflation or recession in the world. Casinos are not exempt from this, but we really don't know the real reason behind it. But for sure, they just cut losses to give way to another event. or there is a decline in the profit at a specific casino, and if they do not cut the cost for sure, they go bankrupt.

you are right, that inflation and recession will not have an impact on casinos even much worse online casinos are getting more and more visited even very famous and increasing during covid a few years ago, I think this is just a matter of limiting the budget or there are other events that will be held by parties casino, we also cannot conclude anything without correct clarification, sometimes the casino will provide any clarification regarding their budget if there is indeed a bonus deduction for some reason

After all, not many gamblers come to play just because of the bonus, those who are used to gambling think that bonuses are just side prizes, nothing more. Yes, because their bonus money cannot be disbursed either and most of it is used again for gambling. so why do we need to talk about this 

[Webetcoins]

Feeling jittery about the crypto gambling roller coaster? Totally normal! But remember, even the best businesses must make huge, strategic moves to stay on top and rake in the profits. Could be fierce competition, market shifts, or bracing for financial storms – who knows? And Binance? Hard to say, folks. But a smart move? Diversify those investments – don't put all your eggs in one basket. Whatever's going on backstage, let's keep supporting stellar casinos like Stake. Their dedication to openness and fairness? Unmatched. Absolutely incredible!

Well, it isn't really normal if the casinos are cutting down bonuses all of a sudden and there is news circulating that the casino licensing firms are being investigated for money laundering and other illegal activities. If there is something bad found against any of the casinos, I'm afraid that will affect the whole crypto gambling industry and not that specific casino.

Gamblers who only just gamble on these platforms have nothing much to worry about as even if something goes wrong, all they need to do is wait until there is some other platform that they can use for their gambling activities, but those who might be holding tokens for some of the casinos should actually get rid of them as soon as possible to avoid any losses if things get out of hand.

[Mahdirakib]

~snip~ but sites like theirs have to cut some bonuses - the main question in this thread is why?
A coincidence with some other big crypto event? Or just profits? Or something else?

Most of the casinos are changing their bonuses and promotions on time to time. The changes are getting a lot of attention when it is happening in a popular casino (like: Stake, BC.game). Whatever, I think these changes have no connection with Curacao license. Stake and BC.game are continuously making sponsorships deal with different sports team and players. They are saving some profits by modifying the bonuses, then they are spending those on sponsorship deal to promote their website.

[Hispo]

Keeping in mind that casinos are supposed to be businesses which are intended to generate income and also that income directly depends on the loose money gamblers can have, then it would make sense if in this scenario where people from all around the world are facing economical problems that casinos tried to cut some expenses as a result of people wagering less money than before.

Less money in the pockets of gamblers could also be translated to less money in the safes of casinos.

I am confident this may be just a temporary meassure and when economy does better, there will be some adjustments to increase bonuses.

[Desmong]

Since the introduction of AI, somethings had been happening which on a normal days cam not be happening at this time. Many sites now are balancing there expenses and switching to AI to make work easier for them and for a better alternative. All these happening will continue and we may be left with nothing at all for us to consider again.

[TheGreatPython]

As far as I can see, there is nothing wrong with the stakes, their policy is that they can change it anytime, no gambler can complain about that, and you don't seem to know that. In addition to that, it seems that what Stakes did was also okay because instead of removing the bonus for their qualified gamblers on their gambling platform, they still kept it even though they knew that the allocation they had for that had decreased. Therefore, they still really prioritize their community gamblers to be honest. But this was just my thoughts and opinion only.

You clearly didn't understand what the thread is basically about, it's not just about Stake, but it's about all the casinos and their licensing authority since there is news in circulation that the authorities are investigating the licensing firm and at the same time, casinos are cutting down bonuses and there might be some relation between the two events.

But it's all assumptions and no one really knows what's the case. Of course, casinos can change their policies any time they want by informing their customers about it, but a sudden change of bonuses will surely raise questions among the community.

[Yatsan]

As far as I can see, there is nothing wrong with the stakes, their policy is that they can change it anytime, no gambler can complain about that, and you don't seem to know that. In addition to that, it seems that what Stakes did was also okay because instead of removing the bonus for their qualified gamblers on their gambling platform, they still kept it even though they knew that the allocation they had for that had decreased. Therefore, they still really prioritize their community gamblers to be honest. But this was just my thoughts and opinion only.

You clearly didn't understand what the thread is basically about, it's not just about Stake, but it's about all the casinos and their licensing authority since there is news in circulation that the authorities are investigating the licensing firm and at the same time, casinos are cutting down bonuses and there might be some relation between the two events.

But it's all assumptions and no one really knows what's the case. Of course, casinos can change their policies any time they want by informing their customers about it, but a sudden change of bonuses will surely raise questions among the community.

But that's the point already regardless of the actual reason we know nothing about; a casino could make changes if for them such decision would contribute to overall growth of the casino. Whether their reason has something to do with existing issues, we won't know unless they tell us. But Licensure of gambling sutes, as far as I know, depends on the executives of platforms. On many countries, gambling platforms are accessible especially with the help of cryptocurrencies. I do get the point; changes could be alarming to players who got used to such offer but as players we do have options to take; wherein to stay or not. That's just how simple things work. Creating or supporting FOMOs on the ither hand won't work either.

[YOSHIE]

Is anyone else feeling like something is wrong here?

Whatever happens doesn't happen directly like closing one's eyes, it takes certain processes and factors, be it for the online casino business or other things.

However, I have read and seen published news about a decline in turnover for the gambling industry.
Example:
Analyst predicts Las Vegas Strip headed for a revenue decline in 2023

“The market is far above pre-pandemic revenue levels. But when you take into consideration the headwinds that are starting to play out, we got to a point where we said, ‘there’s more downside here than upside,'” Mansfield said in an interview.

Even if Fitch’s predicted 10 percent gaming revenue decline takes place, Mansfield said the casino operators “are still making plenty of money.” Gaming companies have greatly reduced their margins – profits generated after accounting for costs – over the past year.

This phenomenon has been felt by the gambling industry one year ago, maybe now it is only now that the real impact is visible for the gambling industry in general.

What is clear is that the quote above already shows a negative impact on online casinos, whether what happened to the Stake and BCgame gambling sites, had something to do with the news I saw above or other factors, but my analysis says so.
Based on my understanding, what happened to BCgame and Stake casino, to eliminate some of the bonus parts in general, was a bitter decision but had to be made by the gambling team/parties.

[jostorres]

~snip~ but sites like theirs have to cut some bonuses - the main question in this thread is why?
A coincidence with some other big crypto event? Or just profits? Or something else?

Most of the casinos are changing their bonuses and promotions on time to time. The changes are getting a lot of attention when it is happening in a popular casino (like: Stake, BC.game). Whatever, I think these changes have no connection with Curacao license. Stake and BC.game are continuously making sponsorships deal with different sports team and players. They are saving some profits by modifying the bonuses, then they are spending those on sponsorship deal to promote their website.

I don't really think that can be the reason for platforms to cut down bonuses since they already earn good enough to have a dedicated budget for bonuses and sponsorships separately and they shouldn't cut down bonuses only to have enough funding for the other purpose. Besides, they also gain a lot of profit due to the sponsorships that they do.

I'm not saying that it has anything to do with Curacao licensing firms that have assigned licenses to these casinos, but there are also chances that it does have something to do with that, or there could be some other reason too.

[Fivestar4everMVP]

Is anyone else feeling like something is wrong here?

Well, I honestly do not feel like anything wrong, and this is for sure because, I know nothing about all the stuffs you mentioned in the op that is going on.
I gamble on stake like one of two times in a week, or even more in some weeks when I really feel like gambling, but I must admit I've not really paid any attention to their bonus structure, so I honestly did not notice if it got reduced or not.

One thing that is constant in live is change, things must not remain the same, at some point, some things are supposed to change so as to adapt to the changing world and economy we live and operate in, so I am not surprised if all you said is true.

[Hamphser]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

There's nothing wrong actually and yes, this industry is getting bigger and if we do look around on how many gambling sites that we do have as of today then it isnt something  shocking that there would be sites or companies which would come and go and just like that typical stuff that you might be profitable today but it would be non profitable tomorrow and it all matters or depends about recognition and popularity.

If we do see some cutting off cost and removing some features or bonuses then its obviously that they arent making that much better profits to sustain those expenses or marketing which is a usual stuff.

It would be not a shocking thing if they would be announcing in closing up their doors but not for now, they do even still have that active marketing and the number of players isnt something
that would pertain on closing up in short period of time but if it would really be decreasing drastically then we do know on whats next.

[slapper]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

There's nothing wrong actually and yes, this industry is getting bigger and if we do look around on how many gambling sites that we do have as of today then it isnt something  shocking that there would be sites or companies which would come and go and just like that typical stuff that you might be profitable today but it would be non profitable tomorrow and it all matters or depends about recognition and popularity.

If we do see some cutting off cost and removing some features or bonuses then its obviously that they arent making that much better profits to sustain those expenses or marketing which is a usual stuff.

It would be not a shocking thing if they would be announcing in closing up their doors but not for now, they do even still have that active marketing and the number of players isnt something
that would pertain on closing up in short period of time but if it would really be decreasing drastically then we do know on whats next.

Gambling industry? It's like spinning roulette, folks – the ball's destination? Unpredictable! Sites and businesses? They're mushrooming like a fantastic firework show. One thing's certain: it's booming, bigly! On cost-cutting and axing bonuses? Look, in business, you gotta invest to win big. But if profits vanish, pulling back is common sense, right? But get this: successful gambling giants defy norms, showering players with bonuses, rewards – it's a high-stakes poker game, knowing when to hold or fold.

Ultimately, it's about reading your players' desires, delivering while pocketing profits. So let's make gambling great with a touch of unpredictability

[TheGreatPython]

Is anyone else feeling like something is wrong here?

Well, I honestly do not feel like anything wrong, and this is for sure because, I know nothing about all the stuffs you mentioned in the op that is going on.
I gamble on stake like one of two times in a week, or even more in some weeks when I really feel like gambling, but I must admit I've not really paid any attention to their bonus structure, so I honestly did not notice if it got reduced or not.

One thing that is constant in live is change, things must not remain the same, at some point, some things are supposed to change so as to adapt to the changing world and economy we live and operate in, so I am not surprised if all you said is true.

It's basically all just assumptions about the events that unfolded at the same time. Though I agree that change is important in life or even in businesses to bring in variety to attract more customers, when a gambling platform reduces the bonuses it used to give to its players before, that definitely will catch the attention of the community of gamblers.

Only they know the reason behind what they did, whether it's about cutting costs or allocating funds to something else, or it has something to do with their license and whatever, we don't know the truth yet.

[rhomelmabini]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

[Learn Bitcoin]

The casino industry is smaller than you think. You will see a couple of casinos operating from the same ownership or the same companies. Sometimes, casinos develop new domains and websites, hoping that users will try out their websites. I don't see any other reasons a company would establish multiple gambling websites with the same games and providers. If you talk about cutting off some offers, it is because of the same reason. As a user, You don't have many good options to gamble.

Surely you don't want to gamble in a casino with a bad reputation. So, If a reputable casino cuts off some good features, you will still play at that casino because you don't have good options. No matter if Stake removes their promotions, their users won't play at 1xcrap for sure. People care about their money and casino reputation.

[Outhue]

There is no business that does well in a recession, the offline or online recession is capable of affecting every business, and the best way to limit their cost is by letting some workers go, it happens in every recession period, jobs will be open once the recession is over.

@LearnBitcoin, what makes you think that the casino industry is smaller? I don't believe this, have you ever been to Macao? Or Las Vegas? Those people can fund a whole nation with the money they making from Casino gambling.

I have once heard that those Casinos are functioning because they are beneficial to the government in each countries, the government can easily get rid of all Casinos but the benefit of Casinos in a country is very big and only limited people knows this.

You can never find any information about how much these casino are paying the government, just to run their businesses in the country, believe me they are paying a lot.

[tusandii]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

The US market has not been friendly to cryptocurrencies for a while and it even seems that in the future there will be bigger fluctuations affecting cryptocurrencies but this is just a guess and we have no idea how cryptocurrencies will be in the future.
Several problems have occurred and even really affected the crypto market, so far crypto has been able to survive and has not experienced any major problems.
For crypto-based gambling, I hope that what you convey will not actually happen because it can affect the operations of the crypto gambling industry itself.
My hope is that the gambling industry will continue to do well without any problems with the US in the future.

[rodskee]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

[JooBra]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

[klidex]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

I agree with your statement that any situation that happens to the US bank or market even a bad economic situation but cryptocurrencies and gambling will always recover quickly, especially gambling will recover quickly.
Because gambling is one of the strongest businesses in the world, it has been recognized that this business has a quick income to recover from any situation.
We can also take another example when the covid pandemic was at a time when the economic situation was bad but cryptocurrency bitcoin price actually reached its highest in 2021.
So I tell the truth that any difficult situation crypto and gambling will be the first business to recover.

[ethereumhunter]

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

That's because crypto is now part of the economy so whatever happens to the government and banks, it will affect crypto even if it doesn't have a big impact. But even though crypto is getting impacted by what is happening to the economy in many countries, it is only temporary and crypto will recover.

It's been happening since a few years ago. And when crypto can still survive until now and even crypto can get even bigger. And we shouldn't worry too much about this because gambling and crypto may be related, even if it's not very clear.

[piebeyb]

The casino industry is smaller than you think. You will see a couple of casinos operating from the same ownership or the same companies. Sometimes, casinos develop new domains and websites, hoping that users will try out their websites. I don't see any other reasons a company would establish multiple gambling websites with the same games and providers. If you talk about cutting off some offers, it is because of the same reason. As a user, You don't have many good options to gamble.

Surely you don't want to gamble in a casino with a bad reputation. So, If a reputable casino cuts off some good features, you will still play at that casino because you don't have good options. No matter if Stake removes their promotions, their users won't play at 1xcrap for sure. People care about their money and casino reputation.

In the end people will continue to gamble at Stake because they are a big casino from a reputation, so reducing bonuses or removing important features is no problem with that everyone will continue to gamble because they will feel safe and comfortable in this casino, after all what for looking for a bonus if playing in a small casino or new casino that is not reputable and prone to fraud then losing a lot of money there is more risky than playing in a casino that has been trusted for a long time,

I don't think people will complain about the bonuses or take away the good features, they will still play there because that's not what brought them here to play except the great reputation and age of the casino. the older, the more gamblers who actively play gambling.

[SirJohnVonSlotty]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

If there's an industry that is recession proof, then that's pharma, adult and gambling. Just check out the gambling industry during the past 5 years, while others were struggling, the online gambling industry had some of the highest ATH quarters ever.

But regarding your question, changing your bonus structure is an essential (and common) change managers do when re-hauling their operation, since bonus cost are one of your highest expenses. People usually think that bonus money is just an invented number that doesn't cost the casino anything, but that's far from the truth.

Curacao is still operating as usual, and no major changes happened since the additional push they had in January this year.

[Mr. Magkaisa]

As far as I can see, there is nothing wrong with the stakes

The issue is not with Stake itself specifically or with their site, they keep on having promos, and they pay users promptly, nothing's wrong with that... you can just see a decrease in the bonuses, and some other costs, BCgame cutting the Rakeback likewise is not a good thing, but sites like theirs have to cut some bonuses - the main question in this thread is why?

A coincidence with some other big crypto event? Or just profits? Or something else?

That's the main question here, that's the reason this topic was created.

     -   well, it's not that I'm copying your answer, it's different because if you approach someone who already has experience
in the bitcoin industry it was an advantage already.

Because no matter how much knowledge a person has, if he has no experience on how to make money in the field of bitcoin business,
someone with experience can still beat him. Because through experience it teaches us knowledge about bitcoin or cryptocurrency actually.

[bitbollo]

these are probably also marketing choices not only linked to the political/economic condition.
After they have conquered a certain piece of the market share, some sites know very well that it is useless to continue investing as in the early days and decide to slow down their activities.
Surely there will also be other reasons behind it, but a "gold rush" has probably ended.

[JooBra]

these are probably also marketing choices not only linked to the political/economic condition.
After they have conquered a certain piece of the market share, some sites know very well that it is useless to continue investing as in the early days and decide to slow down their activities.
Surely there will also be other reasons behind it, but a "gold rush" has probably ended.

This would be the mildest thing that could happen but I can see it what you mean. I'm afraid that sometimes those even mild events make cascade events that make other bad things happen and so on. We are globally in tricky situation and every change has bigger effects than it should.

[rhomelmabini]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

It is may the result of this action from US government though we already knew that for long years their government is not that so friendly towards cryptocurrency.
and now the recession and other things impacted the gambling community?
and there are something need to anticipate since the topic only talking about bonuses that for me ?
is gambling sites prerogative because we are not forced to gamble so it is our way how to deal with it.
those giveaways are just part of their luring strategy but that does not mean it will completely implemented all the years, they can lower or even take it .

My opinion is if something happens big with banks and governments it will affect everything crypto, gambling all aspects of life but like we saw in past times, crypto and gambling markets are the fastest ones to recover from it. So if it happens just get past that time and it will be normal again.

I agree with your statement that any situation that happens to the US bank or market even a bad economic situation but cryptocurrencies and gambling will always recover quickly, especially gambling will recover quickly.
Because gambling is one of the strongest businesses in the world, it has been recognized that this business has a quick income to recover from any situation.
We can also take another example when the covid pandemic was at a time when the economic situation was bad but cryptocurrency bitcoin price actually reached its highest in 2021.
So I tell the truth that any difficult situation crypto and gambling will be the first business to recover.

Let's be optimistic that it will be that way because during the pandemic even if the economy is collapsing the gambling industry is still ongoing and getting stronger. I don't know if that will be the same this time though but I'm not losing any hope that anything related to banks failing are good for crypto as a whole.

[PaperWallet]

OP I can't answer your question for sure, but I must think about something that happened recently in Curacao, on the 14th of last march, that concerns their casinos, and that never happened before (from the legal side). I talked about it here: https://bitcointalk.org/index.php?topic=5449674.0

Maybe there's a logical connection between the decision on the 14th of march and what's happening now, chronologically seems coherent.

[slaman29]

Interesting points but I don't think it has anything to do with regulations per se.

Mainly, because this type of thing is common with every casino. Start off with high bonus, end up with almost no bonus. They got what they want from marketing and don't need the big promos anymore.

Secondly Stake is always kind of shady, they do a lot of fake influencer promos, and the "bonus" is quite bad. If they are being investigated it's because of that.


Thirdly, I don't see promos being lowered at more reputable casinos or at least the ones with proper license. Still getting very good promos and rewards at my favorites

[QueenVera]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

[Fivestar4everMVP]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

This is probably another good reason, with the rise of Ai in the workforce that has pretty much, been dominated by humans, it is very possible that alot of human are likely to go jobless, this further validate the saying that great things come are a great cost, it's a pity to those that Ai will cost them their job.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

I think most people are yet to understand how this bonus thing works, based on how I understand this work, casinos (not just stake) usually have a fixed amount to be shared to their users as bonus, the number of users taking part in the bonus sharing, will determine how much each user receives, coupled with how much the user wagered in the last month - I believe this is simply to understand.

[goldkingcoiner]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

I think it is just business as usual. Profit goes over everything and it does not matter how bad things seem to get, as long as the customer base does not start complaining too much and just accept it, all businesses (not only online gambling casinos) will try to cut corners and save up on some money. Gamblers for example are quietly accepting the lower bonuses without much of a fuss, so why should the casino not lower the advertisement cost for that particular marketing campaign? Because that is what bonuses are to the casinos - a marketing campaign to keep people using their services.

It is not their fault. The people are just getting too complacent and lame for their own good.

Once people start shifting to other casinos with better bonuses in larger groups, you will notice bonuses start to improve, in an attempt to retain customers.

[Kemarit]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

It's either business is not doing good, so obviously they have to cut their losses right now. And we all know what is going on globally though, there is still the treat of the war in Europe, world wide recession, banking collapses, inflation etc. etc. So this could be the domino effect of it, major businesses shutting down or leading some of their promotion on hold.

Nevertheless, I do believed that this is just temporary, remember that even in the heart of Covid-19, this gambling sites are making money. We all know that crypto gambling is a billion dollar businesses, it's a niche market, competitions are tough and maybe some of them can't cope up with others. But for sure, there will be more promotions to attract gamblers to their platform and it's going to be a aggressive more for those crypto based gamblers.

[Hispo]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

I don't think it is completely fair comparison to put online casinos and a giant as Amazon side to side, but anyways.
I would rather to assume Amazon has fired people, so have other companies like Meta and Microsoft, because the way the economy decelerated some months ago and people were afraid of a recession. There is still some path to be walked until Artificial Intelligence can become a reliable tool for those big companies, to the point they can replace so many human beings in their lines of production and development.

[Furious 7]

I think this is a form of anticipation from several big casinos where there has been chaos everywhere from an economic standpoint, especially with the ongoing inflation.
This could be an anticipation that gamblers will still benefit, even though in this case it is smaller than before, but this is understandable because they have also definitely adjusted to the conditions that occur because they are also a businessman who will definitely be affected by this.
On the other hand, I personally don't really mind this because the bonuses and rakeback are just another consolation, of course. If there is for that then indeed that is a good thing but if there is not then I don't really have a problem with that because in terms of the initial bonus and rakeback it is clear that it is not much compared to the initial capital of course even though there is a return from there but indeed my focus is still in gambling with my own capital in my balance.

[Hamphser]

I think this is a form of anticipation from several big casinos where there has been chaos everywhere from an economic standpoint, especially with the ongoing inflation.
This could be an anticipation that gamblers will still benefit, even though in this case it is smaller than before, but this is understandable because they have also definitely adjusted to the conditions that occur because they are also a businessman who will definitely be affected by this.
On the other hand, I personally don't really mind this because the bonuses and rakeback are just another consolation, of course. If there is for that then indeed that is a good thing but if there is not then I don't really have a problem with that because in terms of the initial bonus and rakeback it is clear that it is not much compared to the initial capital of course even though there is a return from there but indeed my focus is still in gambling with my own capital in my balance.

Rakebacks and bonuses arent really something that sparks out that much when it comes to peoples interest to play even further just to get these things considering that amount given wont really be that much for us to be minding on. This is why most of us would really be just not be putting that much attention into these stuffs because these arent something that we should be minding on in the first place.
About cuts and removals of some offering or whatsoever in correlation with bonuses then we cant really be able to make out conclusions that they are really that in the verge of being bankrupt but it would be
understandable when we do speak about cost-cutting.

We know that any business or companies are really that prone into these stuff or simply with the risks because we cant really be staying up to be profitable forever or generating that revenue over the years.
There would be times that numbers are less and there are things which are needed to be cut to continue on operation and us users would be the one to decide whether we would
be staying or not if we do see up these changes or not.

[wxa7115]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

This is odd, stake is one of the most successful casinos out there, so I cannot imagine they are facing that kind of trouble when they have made a fortune over the years with their casino.

However I think many of us thought the same about some other businesses which ended up crashing during the previous year, so if I were to guess maybe there was some sort of mismanagement which could have forced stake into this difficult situation, but until things get clearer then this is nothing but a rumor, but just as a precaution maybe those using stake to gamble should withdraw their money out of the platform just to be safe.

[Learn Bitcoin]

In the end people will continue to gamble at Stake because they are a big casino from a reputation, so reducing bonuses or removing important features is no problem with that everyone will continue to gamble because they will feel safe and comfortable in this casino

Normally gamblers want stable well-reputed casino which will pay their winnings properly without any issues. Real gamblers don't really care about bonuses. Of course, everyone likes freebies. But, this is not the main preference for real gamblers. When you play at unnamed casinos, they always trouble big players with their winnings. So, I don't think real gamblers will move to unnamed casinos for bonuses only.

I don't think people will complain about the bonuses or take away the good features, they will still play there because that's not what brought them here to play except the great reputation and age of the casino. the older, the more gamblers who actively play gambling.

I won't say you are completely correct. Because I have seen players write negative reviews against a casino just because they were not satisfied with the bonus provided by the casino. I won't say they are real gamblers. They are typical bonus hunter.

[LUCKMCFLY]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

This is odd, stake is one of the most successful casinos out there, so I cannot imagine they are facing that kind of trouble when they have made a fortune over the years with their casino.

However I think many of us thought the same about some other businesses which ended up crashing during the previous year, so if I were to guess maybe there was some sort of mismanagement which could have forced stake into this difficult situation, but until things get clearer then this is nothing but a rumor, but just as a precaution maybe those using stake to gamble should withdraw their money out of the platform just to be safe.

As far as I've been playing, it doesn't seem bad to me that they eliminate the bonuses, if we start to look and study some threads that talk about bonuses, we realize something, when we enter and grab a bonus (which for me is not the name correct) is very conditioned to the moment of winning, when we enter a physical casino they do not give us a bonus, because we know that at once we will withdraw it as a profit, so that is what I mean, as I have said in other threads, for me a Bonus is a gift that they give you, or a prize, and a prize should not be conditional, some interpret it as giving money, and yes, it is like that, that is why I say that Bonus is not the right word for me.

[Webetcoins]

As far as I've been playing, it doesn't seem bad to me that they eliminate the bonuses, if we start to look and study some threads that talk about bonuses, we realize something, when we enter and grab a bonus (which for me is not the name correct) is very conditioned to the moment of winning, when we enter a physical casino they do not give us a bonus, because we know that at once we will withdraw it as a profit, so that is what I mean, as I have said in other threads, for me a Bonus is a gift that they give you, or a prize, and a prize should not be conditional, some interpret it as giving money, and yes, it is like that, that is why I say that Bonus is not the right word for me.

Bonus is the correct word actually, what you are referring to is a reward, which is given to you for something you've done and nothing is asked from you in return for a reward, but for a bonus, you can only get it if you complete a certain task, just like depositing some money, now in casinos, you can use the bonus but you simply can't cash it out until you meet some requirements set by them.

The requirements are not basically to take away your bonus but they are to prevent abuse of the bonuses they give away. Imagine a casino is giving away bonuses without any wagering requirements, how excessively that will be abused is beyond our imagination.

[Lida93]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

[Odusko]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

This is probably another good reason, with the rise of Ai in the workforce that has pretty much, been dominated by humans, it is very possible that alot of human are likely to go jobless, this further validate the saying that great things come are a great cost, it's a pity to those that Ai will cost them their job.

For Amazon yes the rise in AI have eliminated a lot of human jobs and most teams are now optioning i for AI usage to accomplish the task since they are faster and less cost-effective with the ability to accomplish task twice faster than human, but they are in casinos, I can't possibly make out what role AI will play in the operation and ruining of casinos since there already have a working probably fair systems on the ground.

[boyptc]

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

Yeah, they just can't also avoid to experience what these big companies are experiencing so they need to cut their costs.

If we've seen them stopping all of those promotions and great features that we've used to see, we don't need to bother thinking what it has happened. It's a matter of their choice and decision and one big factor is about the cutting of cost as it takes a budget within them.

But as soon as they are able to recover and has got budget within again, they'll no doubt return such.

[Johnyz]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

When big economy fails, many will be affected and this crypto gambling industries are not exempted from this, also the current price drop in the market can surely affect casinos but I’m confident that they can handle this and many are already taking action to stay in business. Lowering the bonus reward is normal, let’s just hope for the fairness of this crypto gambling site and they will not take advantage the situation to increase the edge in favor to the house.

[qwertyup23]

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

There’s a threat of recession and USA is not doing good when it comes to their financial and economic policies, probably those big companies are just trying to survive and cutting their cost is one way to help they stay in operation. With regards to stake cutting the bonuses, they can’t just do this for a long time when the numbers of players are declining or the result is not on their side, crypto companies also need to balance everything. There’s a something going on that we may not know, only those developers knows what is coming.

I agree with your statement. I guess Stake has observed that they cannot maintain their operations if they continually provide bonuses before due to the recession happening. With this in mind, they cannot sustain what they have previously offered even if they wanted to keep such bonuses and other games available.

At this point, they are really trying to survive and offer their website as much as possible. The problem with this change is that people would take this as a disadvantage and assume different conclusions.

Personally if this were to happen to me, I would definitely consider looking for another gambling website that offers superior bonuses compared to Stake, though their security is still unparalleled compared to others.

[tusandii]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

It should be noted that gambling is an activity that arouses curiosity, it can make a person a gambling addict so that even though there is an economic crisis, a gambler will do anything to get money to gamble, after all they also gamble to earn income so that the mind will be more focused on gambling for money.
For example, some time ago there was the Covid-19 pandemic and most people lost their jobs and sources of income, but in fact many people have started to enter the world of gambling to make a profit, even though so far it has been clear that they have no income but are still gambling to make a profit.
From this incident we can conclude that even though there is an economic crisis, it will never affect the gambling industry in any way.

[Weawant]

Is anyone else feeling like something is wrong here?

I recently read a thread that US market is getting unfriendly to crypto and that there could be some unnoticed ripple effect especially to crypto related products, that's just my opinion. Yeah, some banks failing is good for crypto but having US showing some sign of not being healthy at the moment means it could spread on a wider area in the crypto sphere and that crypto gambling is not an exception. I could be wrong though.

That was for the bear season that US started showing toxic behavior towards Bitcoin but they'll soon bring friendly laws again. 2022 wasn't friendly towards the market as it had alot of negative things happened but it'll soon be over.

The US market is very important to the cryptocurency market and the gambling industry as it needs it for trust to be returned to the market, I don't think there's anything much happening behind the scenes.

Maybe what you're thinking op is just a coincidence but not linked to each other. The economy is affecting every business so the gambling sites has to cut down cost as well to stay profitable.

[michellee]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

When big economy fails, many will be affected and this crypto gambling industries are not exempted from this, also the current price drop in the market can surely affect casinos but I’m confident that they can handle this and many are already taking action to stay in business. Lowering the bonus reward is normal, let’s just hope for the fairness of this crypto gambling site and they will not take advantage the situation to increase the edge in favor to the house.

Adjustments in the business sector are necessary so that the business can run well and many business owners have done this, including the gambling business. And the decrease in bonus prizes is also normal, but it could be that the casino is preparing a surprise for its members by providing other, more attractive incentives.

We as users, can only accept it while waiting for updates from the casino and play as usual.
And during the failure of the big economy, the casinos are also trying to survive because at least the casinos are also affected.

And when many large companies are more affected, it certainly affects medium and small companies so that all of them need to adjust their business to survive. Hopefully, the economy of all countries can rise and provide jobs for people who need them.

[slapper]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

When big economy fails, many will be affected and this crypto gambling industries are not exempted from this, also the current price drop in the market can surely affect casinos but I’m confident that they can handle this and many are already taking action to stay in business. Lowering the bonus reward is normal, let’s just hope for the fairness of this crypto gambling site and they will not take advantage the situation to increase the edge in favor to the house.

Adjustments in the business sector are necessary so that the business can run well and many business owners have done this, including the gambling business. And the decrease in bonus prizes is also normal, but it could be that the casino is preparing a surprise for its members by providing other, more attractive incentives.

We as users, can only accept it while waiting for updates from the casino and play as usual.
And during the failure of the big economy, the casinos are also trying to survive because at least the casinos are also affected.

And when many large companies are more affected, it certainly affects medium and small companies so that all of them need to adjust their business to survive. Hopefully, the economy of all countries can rise and provide jobs for people who need them.

Business? Ever-changing, like the wind, and it's fantastic! Changes are part of the game, even in the gamble, the risky, thrilling, controversial world of casinos. That bonus shrink, though? Let's get real here. Regular business move, or a cryptic masterstroke? Maybe the casino's a crafty magician, promising bigger, better, more dazzling rewards in the future.

We're at their mercy, folks, on pins and needles for the next big announcement. Are we just going with the flow, or are we pawns in a high-stakes chess match? And with the economy hitting the skids, even the mighty casinos are scrambling. It's a massive, cascading disaster. Big businesses take a hit, and the little guys follow. It's adapt or die, friends.

In this turbulent storm, we're all praying for a big, beautiful economic comeback. Jobs popping up like spring flowers. We gotta stay sharp, question every move, aim for a world where businesses don't just survive - they thrive. Let's make prosperity great again!

[michellee]

Business? Ever-changing, like the wind, and it's fantastic! Changes are part of the game, even in the gamble, the risky, thrilling, controversial world of casinos. That bonus shrink, though? Let's get real here. Regular business move, or a cryptic masterstroke? Maybe the casino's a crafty magician, promising bigger, better, more dazzling rewards in the future.

We're at their mercy, folks, on pins and needles for the next big announcement. Are we just going with the flow, or are we pawns in a high-stakes chess match? And with the economy hitting the skids, even the mighty casinos are scrambling. It's a massive, cascading disaster. Big businesses take a hit, and the little guys follow. It's adapt or die, friends.

In this turbulent storm, we're all praying for a big, beautiful economic comeback. Jobs popping up like spring flowers. We gotta stay sharp, question every move, aim for a world where businesses don't just survive - they thrive. Let's make prosperity great again!

I don't think like that. I only think that casinos are trying to survive, and one of them is by reducing the bonuses received by gamblers. Gamblers can also move to another casino if they feel that the bonuses do not match what they want. There is no compulsion to continue gambling at the casino.

And this is where the difference between people who are loyal to the casino when the situation is bad instead of thinking things through. Everyone needed each other's support and if that were what everyone was doing, there would be no difficulty surviving amidst this adversity.

Yes, we all pray that this economy can recover so we can all get through this difficulty together. But it's still not done if we are alone or only with a group. Hopefully, that time won't be long now.

[Peanutswar]

Ive been playing with their casino and I enjoy most of their perks and rewards, seems like even the other casino make an adjustment the same way or find a more effective way of marketing strategies besides this because they know that these rewards have a good way of earning and profit to them to get more players for sure they will not reduce those instead they will add more perks to the players. In that case I guess if the player does not on it too much like being dependent its not really a big deal but well its add some spices for the game.

[Slow death]

I only think that casinos are trying to survive, and one of them is by reducing the bonuses received by gamblers.

when we assume that casinos are not a source of income and that bonuses are not something mandatory that casinos should give people then we can conclude that people should not look at the bonus as a profit, they should look at the bonus as a small bonus that the casino is giving for the person playing in the casino, this must be the correct way that people should look at the bonus, but unfortunately people look at the bonus as a profit, many people cannot resist when they look a new casino offering high sign-up bonuses and then they realize that they have to meet high requirements, which even becomes mission impossible and when they want to withdraw the money they won they realize that the casino is a scam and they come to complain

  this way of looking at the bonus as a profit is such a big evil that it makes many people fall into the new scam casinos. now about whether casinos reduce the bonus amount due to some financial difficulty, I doubt that, there are very rare cases where a large casino that sponsors popular soccer leagues and soccer teams would reduce the bonus amount due to financial problems, which it can happen and that due to having many customers it becomes necessary to reduce the bonus value because the casino has already reached its objective which was to have X number of customers, so the casino reduces the bonus value so that the owner has more profit

[Doan9269]

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Alot is actually happening behind the operations of many organizations and companies which are undisclosed to us from our backend here because those involved are the ones that really knows what they are passing through, let's considers the current inflation looming the entire world economy in most aspect of the world ranking business settings, some enterprise were already going bankrupt while those managing to scope were left with no other choice than to drastically cut down their cost in other to meet up the normal running of their businesses.

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

Gambling sites had it own mode of operations, you can't compare them with other centralized institutions, gambling sites requires the outflowing of the gamblers to their website on a regular basis and needs to keep their gamblers interested through the constant maintenance and bonus offers to their gamblers, which means bonuses is a major attraction of gambling institutions to get more gamblers and may not cut down the cost through this because they might be loosing customers.

[xSkylarx]

Ive been playing with their casino and I enjoy most of their perks and rewards, seems like even the other casino make an adjustment the same way or find a more effective way of marketing strategies besides this because they know that these rewards have a good way of earning and profit to them to get more players for sure they will not reduce those instead they will add more perks to the players. In that case I guess if the player does not on it too much like being dependent its not really a big deal but well its add some spices for the game.

So they are just having new marketing strategies? like diversifying their bonuses, unlike before, when they were only saturated with new users and first-time deposits to attract new gamblers. This is really something new, which for sure all of the casinos will follow, and that is really good as they are now looking at their current users, unlike before, when we only noticed their banners were mostly about new users.

[hammertime2]

I wouldn't necessarily jump to any suspicious conclusions here.

It is a fact that regularly gaming businesses will analyse profitability in respect of a variety of different aspects including bonuses, rtp, rakeback, free bets, odds boosts and other forms of giveaways. Maybe they want to transition to less bonuses but more of something else. Maybe traditional bonuses are becoming outdated. Maybe these companies are working on some exciting development which they feel would yield more player engagement. Who knows. As others have alluded to, those that would know would only be those in the loop within their respective companies. I don't feel this recession talk is really relevant either, crypto gambling revenues are strong and historically gambling has been shown to be recession proof, if you add that in with increasing crypto adoption then that is arguably positive for the sector for 2023 if anything

But no, I don't think there is a big secret happening behind the scenes that no one is talking about, in my opinion anyway

[Doan9269]

Ive been playing with their casino and I enjoy most of their perks and rewards, seems like even the other casino make an adjustment the same way or find a more effective way of marketing strategies besides this because they know that these rewards have a good way of earning and profit to them to get more players for sure they will not reduce those instead they will add more perks to the players. In that case I guess if the player does not on it too much like being dependent its not really a big deal but well its add some spices for the game.

So they are just having new marketing strategies? like diversifying their bonuses, unlike before, when they were only saturated with new users and first-time deposits to attract new gamblers. This is really something new, which for sure all of the casinos will follow, and that is really good as they are now looking at their current users, unlike before, when we only noticed their banners were mostly about new users.

If you study gambling casinos very well, they were not after their own personal interest alone, rather they considers what the gamblers experienced with them as well in gambling, through this bonus initiative being introduced, it helps maintain and retain their gamblers to them for a very long duration, thereby already dealing with economic challenges that could bring down their business flow of imcome through the numbers of gamblers that made them a patronage each day gambling, bonus is another strategies to retain gamblers, appreciate their efforts and maintain a steady operational plan even as new gamblers were coming onboard to their websites.

[Fivestar4everMVP]

Ive been playing with their casino and I enjoy most of their perks and rewards, seems like even the other casino make an adjustment the same way or find a more effective way of marketing strategies besides this because they know that these rewards have a good way of earning and profit to them to get more players for sure they will not reduce those instead they will add more perks to the players. In that case I guess if the player does not on it too much like being dependent its not really a big deal but well its add some spices for the game.

So they are just having new marketing strategies? like diversifying their bonuses, unlike before, when they were only saturated with new users and first-time deposits to attract new gamblers. This is really something new, which for sure all of the casinos will follow, and that is really good as they are now looking at their current users, unlike before, when we only noticed their banners were mostly about new users.

If you study gambling casinos very well, they were not after their own personal interest alone, rather they considers what the gamblers experienced with them as well in gambling, through this bonus initiative being introduced, it helps maintain and retain their gamblers to them for a very long duration, thereby already dealing with economic challenges that could bring down their business flow of imcome through the numbers of gamblers that made them a patronage each day gambling, bonus is another strategies to retain gamblers, appreciate their efforts and maintain a steady operational plan even as new gamblers were coming onboard to their websites.

You are very correct mate, but then, you will angry with me that not all casinos really care about their customers, or give bonuses in other to keep their customers, some use bonuses as a lure to win more gamblers over who they can selectively or completely scam when even they decide, such thing is very common with new casinos most especially..

Like my brother is still waiting for a withdrawal request he place over 32 hours ago, he found a new casino and got attracted by the bonus they offered to new players, he signed up, made a deposit and claimed the bonus, played for a while and several series of losses, he decided to withdraw the remaining balance, and up till now, they are yet to process it, and customer support has given him no reply since then.

[Casdinyard]

We are at the cusp of possibly one of the worst economic crises to date. It's only fair that some companies cut corners else they risk losing their business once it finally comes. That includes gambling sites like Stake. For sure, with all the generosity that Stake has given its long-time and new players, there'd come a time when this will come around and bonuses will be as bountiful as it was back then. Till then however, we have no choice but to make do of what's available, cos it's everyone who's doing this and not just particular businesses or brands.

I wouldn't necessarily jump to any suspicious conclusions here.

It is a fact that regularly gaming businesses will analyse profitability in respect of a variety of different aspects including bonuses, rtp, rakeback, free bets, odds boosts and other forms of giveaways. Maybe they want to transition to less bonuses but more of something else. Maybe traditional bonuses are becoming outdated. Maybe these companies are working on some exciting development which they feel would yield more player engagement. Who knows. As others have alluded to, those that would know would only be those in the loop within their respective companies. I don't feel this recession talk is really relevant either, crypto gambling revenues are strong and historically gambling has been shown to be recession proof, if you add that in with increasing crypto adoption then that is arguably positive for the sector for 2023 if anything

But no, I don't think there is a big secret happening behind the scenes that no one is talking about, in my opinion anyway

It's the common go-to when questions are left unanswered. Spin up conspiracy theories, spread rumors, and then find out what the real deal is when companies and entities finally catch wind of what's going on as some sort of damage control. It's been the case since time immemorial, and I don't think there's going to be a time when humans will stop making conspiracy theories or jumping into conclusions that something behind the scenes is going on lmao. Not saying this is right, but it has become the norm.

[Desmong]

Is like many if these casinos are spending more than they can chew and for this reason they can decide to lower the rate of bonus they are giving out to there loyal customers which is not a bad idea. They may be trying hard to make sure that they fix some bugs in there platform to make sure they make more money from gamblers. They can decide to operate there casino any way they likes.

[Newlifebtc]

Is like many if these casinos are spending more than they can chew and for this reason they can decide to lower the rate of bonus they are giving out to there loyal customers which is not a bad idea. They may be trying hard to make sure that they fix some bugs in there platform to make sure they make more money from gamblers. They can decide to operate there casino any way they likes.

no that is the essence of sun casino gambling platform giving out bonus is for attraction to bring people close to their platform and that is one of the things that affect them because they don't know exactly the particular group or individual they will be given a bonus for so any casino platform that does not reward each players with bonuses they're always lose customers or like customers will patronize their games

[wiss19]

Business? Ever-changing, like the wind, and it's fantastic! Changes are part of the game, even in the gamble, the risky, thrilling, controversial world of casinos. That bonus shrink, though? Let's get real here. Regular business move, or a cryptic masterstroke? Maybe the casino's a crafty magician, promising bigger, better, more dazzling rewards in the future.

We're at their mercy, folks, on pins and needles for the next big announcement. Are we just going with the flow, or are we pawns in a high-stakes chess match? And with the economy hitting the skids, even the mighty casinos are scrambling. It's a massive, cascading disaster. Big businesses take a hit, and the little guys follow. It's adapt or die, friends.

In this turbulent storm, we're all praying for a big, beautiful economic comeback. Jobs popping up like spring flowers. We gotta stay sharp, question every move, aim for a world where businesses don't just survive - they thrive. Let's make prosperity great again!

Every business has to go through hard times, and they eventually need to make some changes in between sometimes before them becoming successful, and sometimes even after getting successful, they suffer from an economic crisis and start finding ways to cut costs so that they can sustain their business and don't have to close down.

When it comes to casino businesses, they have a lot of costs so they obviously will need to make adjustments if they find themselves getting into trouble because of earning less revenue than before, and that probably is what's happening with these platforms that are cutting bonuses.

[tusandii]

Ive been playing with their casino and I enjoy most of their perks and rewards, seems like even the other casino make an adjustment the same way or find a more effective way of marketing strategies besides this because they know that these rewards have a good way of earning and profit to them to get more players for sure they will not reduce those instead they will add more perks to the players. In that case I guess if the player does not on it too much like being dependent its not really a big deal but well its add some spices for the game.

So they are just having new marketing strategies? like diversifying their bonuses, unlike before, when they were only saturated with new users and first-time deposits to attract new gamblers. This is really something new, which for sure all of the casinos will follow, and that is really good as they are now looking at their current users, unlike before, when we only noticed their banners were mostly about new users.

If you study gambling casinos very well, they were not after their own personal interest alone, rather they considers what the gamblers experienced with them as well in gambling, through this bonus initiative being introduced, it helps maintain and retain their gamblers to them for a very long duration, thereby already dealing with economic challenges that could bring down their business flow of imcome through the numbers of gamblers that made them a patronage each day gambling, bonus is another strategies to retain gamblers, appreciate their efforts and maintain a steady operational plan even as new gamblers were coming onboard to their websites.

Yes, this is a form of mutual benefit that casinos provide to every gambler who becomes their customer.
Casinos provide bonus promotions to each customer by spending a certain amount of budget and here customers can experience a number of bonuses for them to have fun but on the other hand customers can also become loyal customers so that casinos have customers every long term who will always deposit some money all the time will gamble.
There are lots of efforts that casinos make so that customers can get satisfaction but on the other hand casinos can also have a number of advantages at any time.

[dezoel]

Is like many if these casinos are spending more than they can chew and for this reason they can decide to lower the rate of bonus they are giving out to there loyal customers which is not a bad idea. They may be trying hard to make sure that they fix some bugs in there platform to make sure they make more money from gamblers. They can decide to operate there casino any way they likes.

I don't understand how they can earn more money from gamblers if they fix the bugs on their platform. It is obviously true that they are cutting costs because they are definitely facing some economic crisis and aren't getting enough revenue to sustain their platform the way they could but these things are temporary for casino businesses as they earn pretty good most of the times.

And they obviously also can run their casino the way they like and can always change their terms and conditions and bonuses as per their will and budget without notifying their players though I feel they should let players know of any change.

[abel1337]

Is like many if these casinos are spending more than they can chew and for this reason they can decide to lower the rate of bonus they are giving out to there loyal customers which is not a bad idea. They may be trying hard to make sure that they fix some bugs in there platform to make sure they make more money from gamblers. They can decide to operate there casino any way they likes.

I don't understand how they can earn more money from gamblers if they fix the bugs on their platform. It is obviously true that they are cutting costs because they are definitely facing some economic crisis and aren't getting enough revenue to sustain their platform the way they could but these things are temporary for casino businesses as they earn pretty good most of the times.

And they obviously also can run their casino the way they like and can always change their terms and conditions and bonuses as per their will and budget without notifying their players though I feel they should let players know of any change.

I also don't know how to connect fixing a bug to earn profits from gambler but I guess he thinks about the losing trust of gamblers in playing in a casino that has some bugs? Established casino will have no problems in taking new gamblers in their casino, Maybe they reach the point that gamblers are the one come to them because of the trust that they built for a long time. I guess we can speculate that they are not getting much profit on their casino anymore or the bonuses is what causing them in getting lower estimated revenue. There are a lot of possible reason because they didn't disclose it to the public. 

[Odusko]

I wouldn't necessarily jump to any suspicious conclusions here.

It is a fact that regularly gaming businesses will analyse profitability in respect of a variety of different aspects including bonuses, rtp, rakeback, free bets, odds boosts and other forms of giveaways. Maybe they want to transition to less bonuses but more of something else. Maybe traditional bonuses are becoming outdated. Maybe these companies are working on some exciting development which they feel would yield more player engagement. Who knows. As others have alluded to, those that would know would only be those in the loop within their respective companies. I don't feel this recession talk is really relevant either, crypto gambling revenues are strong and historically gambling has been shown to be recession proof, if you add that in with increasing crypto adoption then that is arguably positive for the sector for 2023 if anything

But no, I don't think there is a big secret happening behind the scenes that no one is talking about, in my opinion anyway

I think it is within the standards of casinos to make adjustments at regular interval just like any physical business it annual take home to make adjustments on the revenue generations and expenditures of the casino after every budget year cycle and for that to happen, sometimes the casino doesn't need to make any public announcement to their players before doing so and if all things have been equal some hints may be anyways ways.

[Fivestar4everMVP]

I don't think anything major has happened in the gambling industry and it's still going well. But even though something will happen in the gambling business, we don't know for sure and can only guess.

And we also don't need to take it seriously and continue gambling as usual. But people who are used to getting bonuses from casinos feel that the bonuses are much reduced than before. And maybe this will affect the times they play gambling. And we also don't need to play gambling too often, especially since we are not people who often receive bonuses from casinos, so it doesn't really have an impact on us.

One thing I know that is constant in life is change, even for those who gamble more frequently and probably have their eyes on the monthly bonus they earn from the casino. It is very important that they understand that things won't remain the same forever, a time will surely come when the casino might have to adjust and readjust the amount of money they give out in bonuses, probably due to more new users joining and also partaking in the bonus system.
So this is something to expect so it does come as surprise to anyone.

[xSkylarx]

Ive been playing with their casino and I enjoy most of their perks and rewards, seems like even the other casino make an adjustment the same way or find a more effective way of marketing strategies besides this because they know that these rewards have a good way of earning and profit to them to get more players for sure they will not reduce those instead they will add more perks to the players. In that case I guess if the player does not on it too much like being dependent its not really a big deal but well its add some spices for the game.

So they are just having new marketing strategies? like diversifying their bonuses, unlike before, when they were only saturated with new users and first-time deposits to attract new gamblers. This is really something new, which for sure all of the casinos will follow, and that is really good as they are now looking at their current users, unlike before, when we only noticed their banners were mostly about new users.

If you study gambling casinos very well, they were not after their own personal interest alone, rather they considers what the gamblers experienced with them as well in gambling, through this bonus initiative being introduced, it helps maintain and retain their gamblers to them for a very long duration, thereby already dealing with economic challenges that could bring down their business flow of imcome through the numbers of gamblers that made them a patronage each day gambling, bonus is another strategies to retain gamblers, appreciate their efforts and maintain a steady operational plan even as new gamblers were coming onboard to their websites.

You are very correct mate, but then, you will angry with me that not all casinos really care about their customers, or give bonuses in other to keep their customers, some use bonuses as a lure to win more gamblers over who they can selectively or completely scam when even they decide, such thing is very common with new casinos most especially..

Like my brother is still waiting for a withdrawal request he place over 32 hours ago, he found a new casino and got attracted by the bonus they offered to new players, he signed up, made a deposit and claimed the bonus, played for a while and several series of losses, he decided to withdraw the remaining balance, and up till now, they are yet to process it, and customer support has given him no reply since then.

That is also what I've scared the most, like there are new casinos that have good bonuses and you are tempted to deposit on them and play on them, but when you try to withdraw your account, it gets held immediately or gets banned without any reason. If you contact the support, either they will say you violated the terms even if you haven't, or they will not respond at all. That is why it is better to stay at an old and established casino, but if you are really eager to play at a new casino, be cautious and find reviews on it.

[BenCodie]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

The collapse of the cryptocurrency gaming sector has been ongoing for months, maybe years. This is evident by the ridiculous clauses added to their terms of service that have made many players victim to "your account is locked, provide kyc", and in some recent cases, even after kyc is provided, the funds still are not released.

There is also the possibility of hacks. These casinos will not disclose when they are hacked...and when they are, they will only lose a small portion not worth disclosing. If this happens over and over again, they might not go out of business (as they are still winning from players and resorting to tactics like kyc to profit from closing accounts) but eventually, the operation is barely profitable and eventually cutting things like rakeback and bonuses are the next option to reduce costs to be able to continue operating.

I expect a lot of publicity for casino scamming coming soon. I expect the collapse of the gaming industry as well. The fact is, you can use a lot of other decentralized platforms to do things like leverage/margin trading where you have higher upside potential with the added risk that equates to gambling. I believe that leverage/margin trading has taken a big chunk of cryptocurrency gambling, and will continue to.

[delfastTions]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

The collapse of the cryptocurrency gaming sector has been ongoing for months, maybe years. This is evident by the ridiculous clauses added to their terms of service that have made many players victim to "your account is locked, provide kyc", and in some recent cases, even after kyc is provided, the funds still are not released.

There is also the possibility of hacks. These casinos will not disclose when they are hacked...and when they are, they will only lose a small portion not worth disclosing. If this happens over and over again, they might not go out of business (as they are still winning from players and resorting to tactics like kyc to profit from closing accounts) but eventually, the operation is barely profitable and eventually cutting things like rakeback and bonuses are the next option to reduce costs to be able to continue operating.

I expect a lot of publicity for casino scamming coming soon. I expect the collapse of the gaming industry as well. The fact is, you can use a lot of other decentralized platforms to do things like leverage/margin trading where you have higher upside potential with the added risk that equates to gambling. I believe that leverage/margin trading has taken a big chunk of cryptocurrency gambling, and will continue to.

On the contrary, I have a different view on the general direction of the development of the gambling industry.  It seems to me that everything is in order in this area and development is going well.  Old time-tested casinos are working successfully.  We do not hear about any global collapse of the casino.  Even if they are, they do not have a significant impact on the entire industry. 

Here’s what I agree with you, it’s the negative from the widespread introduction of the KYC verification procedure in crypto casinos.  Especially when the casino does this, if the player is going to withdraw a big win from his deposit.  This practice certainly spoils the overall joyful and cheerful atmosphere of this sector of online entertainment.  But, alas, the requirements of laws and regulators and casinos are now obliged to comply with them.  Otherwise, casinos will be deprived of licenses and, in general, of their entire successful business. 
But overall, I don't see the gambling industry stagnating.

[BenCodie]

Recently, Stake has lowered their bonuses drastically, lots of users to this date complain about it in their own forums ... last Friday BCgame said "Rakeback will no longer be available"... "We appreciate your support and understanding".... another well known group is investing less on their current site and starting a new site with a new domain, and if you google search "Curacao" then some article from 18 hours ago about Curacao being investigated for money laundering" is popping out, not that it seems to be a major thing but who knows...

Long story short - is something happening now? Is there something big that's happening behind the scenes and no one wants to talk about it other than behind closed doors?

Yes, Google, Amazon many other giants had to cut down costs, staff and more, but why crypto gambling sites? Aren't these growing now and replacing the failed traditional sites that take 3-4 business days to get the user paid?

What's going on behind all these cuts and cuts ... is it something bigger? is Binance in trouble? just preparing for rainy days? or is it simply about profits?

Is anyone else feeling like something is wrong here?

The collapse of the cryptocurrency gaming sector has been ongoing for months, maybe years. This is evident by the ridiculous clauses added to their terms of service that have made many players victim to "your account is locked, provide kyc", and in some recent cases, even after kyc is provided, the funds still are not released.

There is also the possibility of hacks. These casinos will not disclose when they are hacked...and when they are, they will only lose a small portion not worth disclosing. If this happens over and over again, they might not go out of business (as they are still winning from players and resorting to tactics like kyc to profit from closing accounts) but eventually, the operation is barely profitable and eventually cutting things like rakeback and bonuses are the next option to reduce costs to be able to continue operating.

I expect a lot of publicity for casino scamming coming soon. I expect the collapse of the gaming industry as well. The fact is, you can use a lot of other decentralized platforms to do things like leverage/margin trading where you have higher upside potential with the added risk that equates to gambling. I believe that leverage/margin trading has taken a big chunk of cryptocurrency gambling, and will continue to.

On the contrary, I have a different view on the general direction of the development of the gambling industry.  It seems to me that everything is in order in this area and development is going well.  Old time-tested casinos are working successfully.  We do not hear about any global collapse of the casino.  Even if they are, they do not have a significant impact on the entire industry. 

Here’s what I agree with you, it’s the negative from the widespread introduction of the KYC verification procedure in crypto casinos.  Especially when the casino does this, if the player is going to withdraw a big win from his deposit.  This practice certainly spoils the overall joyful and cheerful atmosphere of this sector of online entertainment.  But, alas, the requirements of laws and regulators and casinos are now obliged to comply with them.  Otherwise, casinos will be deprived of licenses and, in general, of their entire successful business. 
But overall, I don't see the gambling industry stagnating.

No one heard of the global financial crisis of 2008 until it happened. In fact, bankers and political officials shouted that "everything will be ok!", that "everything is under control! don't take your money out of bank stocks!" and that "the economy and banks are thriving!"...and then suddenly, VAMOOSE. All the money disappeared in a matter of days, and the whole system collapsed. If it weren't for government bailouts, then the global economy would have been greatly effected by what had happened. Statistics (like banking reports) can be faked. You might see a thriving casino industry, however I see a facade that will soon unfold.

The difference between casinos and this situation, is that there is no governing body to bailout the casinos. Once a big event happens and players are scared even to make a deposit into a casino, then all activity will stop and casinos will be no more. Until then, casinos will shoot themselves in the foot by continuing to use their terms of service to steal from players and they will continue to scare them away from even touching casinos.

The only casinos that have a chance of surviving are web3 casinos that are built on smart contracts, have provably random games and do not use gaming providers. These will take time to become truly decentralized - being, not just a "wallet connect" function to give the guise of web3, but actually operating as it as described.

Otherwise, there is no doubt that the cryptocurrency casino industry as we know it will fail at some stage soon.

Oh, and old-time casinos are working fine? Not true. Many "old-time" casinos, like Stake, are locking players unnecessarily...a thread from another user showed that almost every established casino now have a KYC policy, meaning that players are always at risk of having their accounts locked. With recent cases, there's a chance that even successful verification will not unlock the accounts. This is not going to stop, it will continue.

As for licenses, these are useless and always have been. They are nothing more than a label. You can buy one for a tidy sum and run a shady casino, it's no secret. Curacao are under fire for enabling this and soon a reform will happen that will strip a lot of the current casinos of there licenses, which will lead to excuses as to why many casinos will scam and close across the board.

[ethereumhunter]

I don't think anything major has happened in the gambling industry and it's still going well. But even though something will happen in the gambling business, we don't know for sure and can only guess.

And we also don't need to take it seriously and continue gambling as usual. But people who are used to getting bonuses from casinos feel that the bonuses are much reduced than before. And maybe this will affect the times they play gambling. And we also don't need to play gambling too often, especially since we are not people who often receive bonuses from casinos, so it doesn't really have an impact on us.

One thing I know that is constant in life is change, even for those who gamble more frequently and probably have their eyes on the monthly bonus they earn from the casino. It is very important that they understand that things won't remain the same forever, a time will surely come when the casino might have to adjust and readjust the amount of money they give out in bonuses, probably due to more new users joining and also partaking in the bonus system.
So this is something to expect so it does come as surprise to anyone.

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

[borovichok]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

[ethereumhunter]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

[arwin100]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

You can achieve this thru experience since you can learn a lot of lesson from your own experience. But id you are a complete newbie and just learn about this from social media influencers or see it on ads stating that you can earn fast money by gambling then provably your expectation is so high and you provably became greedy since that's what people told you. It still good to expect but don't over extend your expectation where it became unrealistic since this could harm us so bad.

[Cling18]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

You can achieve this thru experience since you can learn a lot of lesson from your own experience. But id you are a complete newbie and just learn about this from social media influencers or see it on ads stating that you can earn fast money by gambling then provably your expectation is so high and you provably became greedy since that's what people told you. It still good to expect but don't over extend your expectation where it became unrealistic since this could harm us so bad.

Casinos are businesses that must run continually, so we can't always expect them to satisfy our wants to earn and make money from them, particularly through bonuses and promotions that they are offering. In the event that they realize they are losing capital, they could reduce expenditure and staff.
Casinos won't let anything that might be detrimental to or negatively impact their business. Because we can't always rely on promotions, our only option is to gamble responsibly and save aside enough money to do so, whether or not there are incentives or not.

[danadc]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

You can achieve this thru experience since you can learn a lot of lesson from your own experience. But id you are a complete newbie and just learn about this from social media influencers or see it on ads stating that you can earn fast money by gambling then provably your expectation is so high and you provably became greedy since that's what people told you. It still good to expect but don't over extend your expectation where it became unrealistic since this could harm us so bad.

I have Followed many people who are influential , I have followed their advice and it has not gone well for me, so it is Better that we ourselves always do the Research that suits us , but from another who is an influencer I will not let myself be Dazzled again because they can say or do things because they were already paid to do it , so I don't Believe this type of thing Anymore , in casino games we have to be Aware of what we do and not so much of what we do but also of what we are Going to Spend.

[ethereumhunter]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

You can achieve this thru experience since you can learn a lot of lesson from your own experience. But id you are a complete newbie and just learn about this from social media influencers or see it on ads stating that you can earn fast money by gambling then provably your expectation is so high and you provably became greedy since that's what people told you. It still good to expect but don't over extend your expectation where it became unrealistic since this could harm us so bad.

People who think they can earn fast money by gambling will feel that it will never be easy to get because gambling is just a game we cannot win easily. We will lose more often than win so they should have thought a lot before they started gambling. And they should also be able to think realistically that gambling is only part of the fun and cannot be used to make money. If only more people could think like that, the number of people who lose money or even become addicted to gambling could be reduced. But sadly, it's not as good as the reality.

[LUCKMCFLY]

That's why they can't expect always to get a monthly bonus so they have to realize that it's better to just play as usual and let the monthly bonus come by itself. If they deserve it, the bonuses are sure to come. If not, they need not be disappointed. And that's what makes them have to always take care of themselves and always have limits in gambling so they know how far they have gambled. But maybe it's not easy to become a responsible gambler because many conditions must be met but it's still worth trying and being a gambler.

Becoming a responsible gambler attracts more personal traits, and I'm rather certain that the standards are difficult to satisfy. Bonuses only count if they are earned; this is already programmed into the casino site. It took a long time for us to grasp the right path to take. Change is constant, and we shouldn't expect too much from gambling; it's fundamentally not the appropriate thing to do; it's preferable to seize good opportunities rather than focusing our attention on a particular piece that we're completely aware would cost us more fortunes before we reach our objectives.

Becoming a responsible gambler can be done by the gambler. But unfortunately, the desire to earn more money or recover their losses is too great to make them forget to be responsible gamblers. And they keep trying to chase bonuses that may be too hard to take. And it's true. We shouldn't expect from gambling because gambling is just a tool for fun so we have to stay within those limits. If we still want to take the opportunity to get the bonus, we should also be aware of the risk behind it, namely losing more money. We cannot deny that and must be prepared for all the risks.

You can achieve this thru experience since you can learn a lot of lesson from your own experience. But id you are a complete newbie and just learn about this from social media influencers or see it on ads stating that you can earn fast money by gambling then provably your expectation is so high and you provably became greedy since that's what people told you. It still good to expect but don't over extend your expectation where it became unrealistic since this could harm us so bad.

Casinos are businesses that must run continually, so we can't always expect them to satisfy our wants to earn and make money from them, particularly through bonuses and promotions that they are offering. In the event that they realize they are losing capital, they could reduce expenditure and staff.
Casinos won't let anything that might be detrimental to or negatively impact their business. Because we can't always rely on promotions, our only option is to gamble responsibly and save aside enough money to do so, whether or not there are incentives or not.

The casinos have something very clear, they know that through bonuses and Promotions they Manage to attract players and that is something that is respected , this strategy has worked over time , it has always happened , but as far as I am concerned when we take those bonuses we have to read the Conditions very well or because it can play against us, it makes us play much more, and the longer we play at least it makes me lose and it is not Something viable , I think that this type of thing can be seen as one of the strategies that many no-cat players take them , and even like them , but I think that many of us here in the forum know everything that this Attracts.