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?

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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.