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

[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.

[1714993455]

1714993455

[1714993455]

1714993455

[1714993455]

1714993455

[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.