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

[PaperWallet]

OP I can't answer your question for sure, but I must think about something that happened recently in Curacao, on the 14th of last march, that concerns their casinos, and that never happened before (from the legal side). I talked about it here: https://bitcointalk.org/index.php?topic=5449674.0

Maybe there's a logical connection between the decision on the 14th of march and what's happening now, chronologically seems coherent.

[slaman29]

Interesting points but I don't think it has anything to do with regulations per se.

Mainly, because this type of thing is common with every casino. Start off with high bonus, end up with almost no bonus. They got what they want from marketing and don't need the big promos anymore.

Secondly Stake is always kind of shady, they do a lot of fake influencer promos, and the "bonus" is quite bad. If they are being investigated it's because of that.


Thirdly, I don't see promos being lowered at more reputable casinos or at least the ones with proper license. Still getting very good promos and rewards at my favorites

[QueenVera]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

[Fivestar4everMVP]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

This is probably another good reason, with the rise of Ai in the workforce that has pretty much, been dominated by humans, it is very possible that alot of human are likely to go jobless, this further validate the saying that great things come are a great cost, it's a pity to those that Ai will cost them their job.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

I think most people are yet to understand how this bonus thing works, based on how I understand this work, casinos (not just stake) usually have a fixed amount to be shared to their users as bonus, the number of users taking part in the bonus sharing, will determine how much each user receives, coupled with how much the user wagered in the last month - I believe this is simply to understand.

[goldkingcoiner]

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 is just business as usual. Profit goes over everything and it does not matter how bad things seem to get, as long as the customer base does not start complaining too much and just accept it, all businesses (not only online gambling casinos) will try to cut corners and save up on some money. Gamblers for example are quietly accepting the lower bonuses without much of a fuss, so why should the casino not lower the advertisement cost for that particular marketing campaign? Because that is what bonuses are to the casinos - a marketing campaign to keep people using their services.

It is not their fault. The people are just getting too complacent and lame for their own good.

Once people start shifting to other casinos with better bonuses in larger groups, you will notice bonuses start to improve, in an attempt to retain customers.

[Kemarit]

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's either business is not doing good, so obviously they have to cut their losses right now. And we all know what is going on globally though, there is still the treat of the war in Europe, world wide recession, banking collapses, inflation etc. etc. So this could be the domino effect of it, major businesses shutting down or leading some of their promotion on hold.

Nevertheless, I do believed that this is just temporary, remember that even in the heart of Covid-19, this gambling sites are making money. We all know that crypto gambling is a billion dollar businesses, it's a niche market, competitions are tough and maybe some of them can't cope up with others. But for sure, there will be more promotions to attract gamblers to their platform and it's going to be a aggressive more for those crypto based gamblers.

[Hispo]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

I really don't know if the stake bonuses in recent times but to the best of my ability, or knowledge, I believe that bonuses or promos aren't given at all times but on special occasions and there should be cases where the bonuses increases or decreases but whatet the case be, I don't think anything bisnwrong with stake.

I don't think it is completely fair comparison to put online casinos and a giant as Amazon side to side, but anyways.
I would rather to assume Amazon has fired people, so have other companies like Meta and Microsoft, because the way the economy decelerated some months ago and people were afraid of a recession. There is still some path to be walked until Artificial Intelligence can become a reliable tool for those big companies, to the point they can replace so many human beings in their lines of production and development.

[Furious 7]

I think this is a form of anticipation from several big casinos where there has been chaos everywhere from an economic standpoint, especially with the ongoing inflation.
This could be an anticipation that gamblers will still benefit, even though in this case it is smaller than before, but this is understandable because they have also definitely adjusted to the conditions that occur because they are also a businessman who will definitely be affected by this.
On the other hand, I personally don't really mind this because the bonuses and rakeback are just another consolation, of course. If there is for that then indeed that is a good thing but if there is not then I don't really have a problem with that because in terms of the initial bonus and rakeback it is clear that it is not much compared to the initial capital of course even though there is a return from there but indeed my focus is still in gambling with my own capital in my balance.

[Hamphser]

I think this is a form of anticipation from several big casinos where there has been chaos everywhere from an economic standpoint, especially with the ongoing inflation.
This could be an anticipation that gamblers will still benefit, even though in this case it is smaller than before, but this is understandable because they have also definitely adjusted to the conditions that occur because they are also a businessman who will definitely be affected by this.
On the other hand, I personally don't really mind this because the bonuses and rakeback are just another consolation, of course. If there is for that then indeed that is a good thing but if there is not then I don't really have a problem with that because in terms of the initial bonus and rakeback it is clear that it is not much compared to the initial capital of course even though there is a return from there but indeed my focus is still in gambling with my own capital in my balance.

Rakebacks and bonuses arent really something that sparks out that much when it comes to peoples interest to play even further just to get these things considering that amount given wont really be that much for us to be minding on. This is why most of us would really be just not be putting that much attention into these stuffs because these arent something that we should be minding on in the first place.
About cuts and removals of some offering or whatsoever in correlation with bonuses then we cant really be able to make out conclusions that they are really that in the verge of being bankrupt but it would be
understandable when we do speak about cost-cutting.

We know that any business or companies are really that prone into these stuff or simply with the risks because we cant really be staying up to be profitable forever or generating that revenue over the years.
There would be times that numbers are less and there are things which are needed to be cut to continue on operation and us users would be the one to decide whether we would
be staying or not if we do see up these changes or not.

[wxa7115]

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?

This is odd, stake is one of the most successful casinos out there, so I cannot imagine they are facing that kind of trouble when they have made a fortune over the years with their casino.

However I think many of us thought the same about some other businesses which ended up crashing during the previous year, so if I were to guess maybe there was some sort of mismanagement which could have forced stake into this difficult situation, but until things get clearer then this is nothing but a rumor, but just as a precaution maybe those using stake to gamble should withdraw their money out of the platform just to be safe.

[Learn Bitcoin]

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

Normally gamblers want stable well-reputed casino which will pay their winnings properly without any issues. Real gamblers don't really care about bonuses. Of course, everyone likes freebies. But, this is not the main preference for real gamblers. When you play at unnamed casinos, they always trouble big players with their winnings. So, I don't think real gamblers will move to unnamed casinos for bonuses only.

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.

I won't say you are completely correct. Because I have seen players write negative reviews against a casino just because they were not satisfied with the bonus provided by the casino. I won't say they are real gamblers. They are typical bonus hunter.

[LUCKMCFLY]

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?

This is odd, stake is one of the most successful casinos out there, so I cannot imagine they are facing that kind of trouble when they have made a fortune over the years with their casino.

However I think many of us thought the same about some other businesses which ended up crashing during the previous year, so if I were to guess maybe there was some sort of mismanagement which could have forced stake into this difficult situation, but until things get clearer then this is nothing but a rumor, but just as a precaution maybe those using stake to gamble should withdraw their money out of the platform just to be safe.

As far as I've been playing, it doesn't seem bad to me that they eliminate the bonuses, if we start to look and study some threads that talk about bonuses, we realize something, when we enter and grab a bonus (which for me is not the name correct) is very conditioned to the moment of winning, when we enter a physical casino they do not give us a bonus, because we know that at once we will withdraw it as a profit, so that is what I mean, as I have said in other threads, for me a Bonus is a gift that they give you, or a prize, and a prize should not be conditional, some interpret it as giving money, and yes, it is like that, that is why I say that Bonus is not the right word for me.

[Webetcoins]

As far as I've been playing, it doesn't seem bad to me that they eliminate the bonuses, if we start to look and study some threads that talk about bonuses, we realize something, when we enter and grab a bonus (which for me is not the name correct) is very conditioned to the moment of winning, when we enter a physical casino they do not give us a bonus, because we know that at once we will withdraw it as a profit, so that is what I mean, as I have said in other threads, for me a Bonus is a gift that they give you, or a prize, and a prize should not be conditional, some interpret it as giving money, and yes, it is like that, that is why I say that Bonus is not the right word for me.

Bonus is the correct word actually, what you are referring to is a reward, which is given to you for something you've done and nothing is asked from you in return for a reward, but for a bonus, you can only get it if you complete a certain task, just like depositing some money, now in casinos, you can use the bonus but you simply can't cash it out until you meet some requirements set by them.

The requirements are not basically to take away your bonus but they are to prevent abuse of the bonuses they give away. Imagine a casino is giving away bonuses without any wagering requirements, how excessively that will be abused is beyond our imagination.

[Lida93]

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?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

[Odusko]

Well I'm not at the back stage but I think one of the major reasons Amazon is laying down some of their workers is the fact that they are already adapting to AI and they claim that it helps to cut down cost and it also does it's work faster and accurately since it has to follow a already laid down protocols.

This is probably another good reason, with the rise of Ai in the workforce that has pretty much, been dominated by humans, it is very possible that alot of human are likely to go jobless, this further validate the saying that great things come are a great cost, it's a pity to those that Ai will cost them their job.

For Amazon yes the rise in AI have eliminated a lot of human jobs and most teams are now optioning i for AI usage to accomplish the task since they are faster and less cost-effective with the ability to accomplish task twice faster than human, but they are in casinos, I can't possibly make out what role AI will play in the operation and ruining of casinos since there already have a working probably fair systems on the ground.

[boyptc]

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

Yeah, they just can't also avoid to experience what these big companies are experiencing so they need to cut their costs.

If we've seen them stopping all of those promotions and great features that we've used to see, we don't need to bother thinking what it has happened. It's a matter of their choice and decision and one big factor is about the cutting of cost as it takes a budget within them.

But as soon as they are able to recover and has got budget within again, they'll no doubt return such.

[Johnyz]

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?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

When big economy fails, many will be affected and this crypto gambling industries are not exempted from this, also the current price drop in the market can surely affect casinos but I’m confident that they can handle this and many are already taking action to stay in business. Lowering the bonus reward is normal, let’s just hope for the fairness of this crypto gambling site and they will not take advantage the situation to increase the edge in favor to the house.

[qwertyup23]

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.

I agree with your statement. I guess Stake has observed that they cannot maintain their operations if they continually provide bonuses before due to the recession happening. With this in mind, they cannot sustain what they have previously offered even if they wanted to keep such bonuses and other games available.

At this point, they are really trying to survive and offer their website as much as possible. The problem with this change is that people would take this as a disadvantage and assume different conclusions.

Personally if this were to happen to me, I would definitely consider looking for another gambling website that offers superior bonuses compared to Stake, though their security is still unparalleled compared to others.

[tusandii]

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?

Why not crypto gambling sites? For all we know crypto gambling sites are not supernatural or with impenetrable powers that they can't be affected by the so-called economic crisis that has affected so many multinational corporations and companies and if crypto gambling sites are affected then it's no big deal as long as they ain't shutdown but had to cut down some services and packages to keep business moving.

It should be noted that gambling is an activity that arouses curiosity, it can make a person a gambling addict so that even though there is an economic crisis, a gambler will do anything to get money to gamble, after all they also gamble to earn income so that the mind will be more focused on gambling for money.
For example, some time ago there was the Covid-19 pandemic and most people lost their jobs and sources of income, but in fact many people have started to enter the world of gambling to make a profit, even though so far it has been clear that they have no income but are still gambling to make a profit.
From this incident we can conclude that even though there is an economic crisis, it will never affect the gambling industry in any way.

[Weawant]

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.

That was for the bear season that US started showing toxic behavior towards Bitcoin but they'll soon bring friendly laws again. 2022 wasn't friendly towards the market as it had alot of negative things happened but it'll soon be over.

The US market is very important to the cryptocurency market and the gambling industry as it needs it for trust to be returned to the market, I don't think there's anything much happening behind the scenes.

Maybe what you're thinking op is just a coincidence but not linked to each other. The economy is affecting every business so the gambling sites has to cut down cost as well to stay profitable.