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

[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.