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

[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.

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[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.