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

[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.