khaled0111
Legendary
Offline
Activity: 2702
Merit: 3041
Top Crypto Casino
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March 02, 2024, 11:56:04 PM |
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Right, it's a brutal business, a lot of competitions and it's just really hard to cope with the big boys if you are just new in the game and you don't have that big pockets.
They are not that new, actually. They have been in the gambling business for more than two years at least since their fiat casino was launched in 2021. They are not as old as some of the other well established casinos but I believe two or three years is more than enough to gain the experience needed to operate and maintain a successful business. It's a sad news, nevertheless and I hope they will be able to fix whatever problems they have then relaunch the crypto casino soon as it seemed to be a very promising one.
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Taskford
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March 03, 2024, 08:20:40 AM |
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Right, it's a brutal business, a lot of competitions and it's just really hard to cope with the big boys if you are just new in the game and you don't have that big pockets.
They are not that new, actually. They have been in the gambling business for more than two years at least since their fiat casino was launched in 2021. They are not as old as some of the other well established casinos but I believe two or three years is more than enough to gain the experience needed to operate and maintain a successful business. It's a sad news, nevertheless and I hope they will be able to fix whatever problems they have then relaunch the crypto casino soon as it seemed to be a very promising one. They are not new maybe on their fiat operation but for crypto maybe yes and it didn't end up good to them that's why they shutdown their operation. But if they just try to find ways to market well their casino maybe there are some changes to happen. But I guess there's no coming back from them since shutting down means they don't have plan to open back their business in crypto. Its really sad to see them shutting down but sometimes this is how business will end up especially if there competitor do more better job to get better exposure than them, that's why its important for a business like this to have gimmicks to make people get attract to gamble on their casino.
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shield132
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March 03, 2024, 10:20:54 AM |
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It's revenue. They have lost a significant amount already in 3 months. They are quite experience in the industry as they have 2 fiat business, there's no way to go anything wrong. Price fluctuation has nothing to do with the decision as far as I know.
It's very strange that they are shutting down crypto casino but are leaving fiat casino open. There is way bigger competition among fiat casinos compared to crypto casinos. I think that 3 months is a little for casino, amazon was was operating without profit for nine years since its foundation. No doubts they are more experienced than me and decided to close the crypto casino but I find it very curious that they survived in a fiat casino world but failed in crypto. Btw is it possible that they'll add cryptocurrencies to their fiat casino? Or did they abandon crypto forever?
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freedomgo
Legendary
Online
Activity: 3276
Merit: 1178
Playbet.io - Crypto Casino and Sportsbook
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March 03, 2024, 11:10:42 AM |
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It's revenue. They have lost a significant amount already in 3 months. They are quite experience in the industry as they have 2 fiat business, there's no way to go anything wrong. Price fluctuation has nothing to do with the decision as far as I know.
It's very strange that they are shutting down crypto casino but are leaving fiat casino open. There is way bigger competition among fiat casinos compared to crypto casinos. I think that 3 months is a little for casino, amazon was was operating without profit for nine years since its foundation. No doubts they are more experienced than me and decided to close the crypto casino but I find it very curious that they survived in a fiat casino world but failed in crypto. Btw is it possible that they'll add cryptocurrencies to their fiat casino? Or did they abandon crypto forever? Every business has a struggle at the beginning; maybe they realize that they are not ready yet for the big competition. The good news is they were able to keep their fiat casino, as I believe it was already in operation before they started their venture into crypto gambling. The gesture is still kind of positive, as others may just easily leave doing some "exit scam." Here they never attempted it, so if they come back in the future, they can still keep their positive reputation.
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Beparanf
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March 03, 2024, 11:20:25 AM |
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Every business has a struggle at the beginning; maybe they realize that they are not ready yet for the big competition. The good news is they were able to keep their fiat casino, as I believe it was already in operation before they started their venture into crypto gambling. The gesture is still kind of positive, as others may just easily leave doing some "exit scam." Here they never attempted it, so if they come back in the future, they can still keep their positive reputation.
I doubt this due to tough competition since they strong marketing already that running well. They should just stop the promotion if they think the problem is competition and just re-evaluate their next step for marketing. I think it’s more on rebranding part or legal issue since operating crypto casino is different to fiat. They probably come back again soon in different brand name. This is common strategy of fiat casino when they are opening a crypto arm casino.
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cryptomaniac_xxx
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March 03, 2024, 11:40:34 AM |
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Every business has a struggle at the beginning; maybe they realize that they are not ready yet for the big competition. The good news is they were able to keep their fiat casino, as I believe it was already in operation before they started their venture into crypto gambling. The gesture is still kind of positive, as others may just easily leave doing some "exit scam." Here they never attempted it, so if they come back in the future, they can still keep their positive reputation.
I doubt this due to tough competition since they strong marketing already that running well. They should just stop the promotion if they think the problem is competition and just re-evaluate their next step for marketing. I think it’s more on rebranding part or legal issue since operating crypto casino is different to fiat. They probably come back again soon in different brand name. This is common strategy of fiat casino when they are opening a crypto arm casino. They should have known that there is a big competition when they enter the crypto side. But I have speculated that they might be expecting a big shift and most likely the bull run that we have seen might have affected them. Maybe they sell their crypto too early and their crypto bankroll was depleted. Or there could be some big whales that won huge. But we will never known, probably a set back for them and maybe later they will be back again better and stronger from their last experience. Hopefully that will be the case so that we will have more options to play.
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arwin100
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March 03, 2024, 12:36:29 PM |
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Every business has a struggle at the beginning; maybe they realize that they are not ready yet for the big competition. The good news is they were able to keep their fiat casino, as I believe it was already in operation before they started their venture into crypto gambling. The gesture is still kind of positive, as others may just easily leave doing some "exit scam." Here they never attempted it, so if they come back in the future, they can still keep their positive reputation.
I doubt this due to tough competition since they strong marketing already that running well. They should just stop the promotion if they think the problem is competition and just re-evaluate their next step for marketing. I think it’s more on rebranding part or legal issue since operating crypto casino is different to fiat. They probably come back again soon in different brand name. This is common strategy of fiat casino when they are opening a crypto arm casino. They should have known that there is a big competition when they enter the crypto side. But I have speculated that they might be expecting a big shift and most likely the bull run that we have seen might have affected them. Maybe they sell their crypto too early and their crypto bankroll was depleted. Or there could be some big whales that won huge. But we will never known, probably a set back for them and maybe later they will be back again better and stronger from their last experience. Hopefully that will be the case so that we will have more options to play. For sure they know the big competition of casinos here since if they visit this section for sure they can see a lot of casino operating and running their own methods to market their casino then make their business successful. Maybe they can't spend on marketing anymore and they didn't get the result they want that's why they immediately decide to shutdown their business. Lets just see if they can settle up their issue in future and can decide to continue what they have start. Sad that a new casino fell down in short time span but hopefully they consider to came back and try again to offer their casino to people in this forum.
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panjul07
Legendary
Offline
Activity: 3654
Merit: 1369
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March 03, 2024, 12:51:09 PM |
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Every business has a struggle at the beginning; maybe they realize that they are not ready yet for the big competition. The good news is they were able to keep their fiat casino, as I believe it was already in operation before they started their venture into crypto gambling. The gesture is still kind of positive, as others may just easily leave doing some "exit scam." Here they never attempted it, so if they come back in the future, they can still keep their positive reputation.
As what others said before, I'm sure they are aware and realize about the competition because basically they are not new in the online gambling industry. I still believe that online fiat gambling industry is still bigger compared to crypto, if they can survive in the fiat gambling industry then it should not be a big problem to compete in crypto gambling industry. Of course we can just speculate on what is the reason behind the decision, but the good thing is that they informed LM about the shutting down and give the chance for players to witdhraw remaining balance.
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Woodie
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March 03, 2024, 01:11:59 PM |
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Right, it's a brutal business, a lot of competitions and it's just really hard to cope with the big boys if you are just new in the game and you don't have that big pockets. Yes, it could have been skyrocketing, but if no one is playing in your casino, sooner or later you can't maintain the cost and upon weighing everything, they have to decide for their future to shutdown their crypto related platform. You can say that again! I guess it is safe to say the barriers to entry in this industry do exist, and the worst part is that even after splashing money here and there to grow your user base... the cost to try to convert players from one platform to yours, means incurring high marketing costs, and incentives need to be continuously given ...and unfortunately if you are in a hurry to see results this industry will break you as it takes time to see some green numbers. At least they have been transparent to you as to what is the reason behind being their campaign manager and somewhat representing them in this community.
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freedomgo
Legendary
Online
Activity: 3276
Merit: 1178
Playbet.io - Crypto Casino and Sportsbook
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March 03, 2024, 03:23:41 PM |
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Every business has a struggle at the beginning; maybe they realize that they are not ready yet for the big competition. The good news is they were able to keep their fiat casino, as I believe it was already in operation before they started their venture into crypto gambling. The gesture is still kind of positive, as others may just easily leave doing some "exit scam." Here they never attempted it, so if they come back in the future, they can still keep their positive reputation.
I doubt this due to tough competition since they strong marketing already that running well. They should just stop the promotion if they think the problem is competition and just re-evaluate their next step for marketing. I think it’s more on rebranding part or legal issue since operating crypto casino is different to fiat. They probably come back again soon in different brand name. This is common strategy of fiat casino when they are opening a crypto arm casino. I hope that's the reason. If it's just a simple compliance with the law, they should be able to comply, as they have been running a fiat casino already, and I think it's more regulated than crypto casinos. Maybe let's just wait for their official statement, as they haven't made any yet. But if, in case, they don't go into details, we have to respect their decision. What matters is that they were here not to scam us.
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Synchronice
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March 03, 2024, 06:30:56 PM |
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I doubt this due to tough competition since they strong marketing already that running well. They should just stop the promotion if they think the problem is competition and just re-evaluate their next step for marketing.
I think it’s more on rebranding part or legal issue since operating crypto casino is different to fiat. They probably come back again soon in different brand name. This is common strategy of fiat casino when they are opening a crypto arm casino.
You don't know whether their marketing efforts give back good results or not because you don't have access to their sheets. It's very hard to understand the reason behind their decision to shut down their crypto casino and leave fiat casino because competition is less in crypto space and if they stand well in fiat space, they should survive in crypto space. You are probably right, they might come with a new brand in crypto space. Hope we will hear explanation from them. By the way, I tried to log into their website (both, justcasino.io and justcasino.com) and after many attempts, many location was restricted. If they restrict so many locations, they'll find it hard to succeed
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Jating
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March 03, 2024, 10:41:19 PM |
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Right, it's a brutal business, a lot of competitions and it's just really hard to cope with the big boys if you are just new in the game and you don't have that big pockets.
They are not that new, actually. They have been in the gambling business for more than two years at least since their fiat casino was launched in 2021. They are not as old as some of the other well established casinos but I believe two or three years is more than enough to gain the experience needed to operate and maintain a successful business. It's a sad news, nevertheless and I hope they will be able to fix whatever problems they have then relaunch the crypto casino soon as it seemed to be a very promising one. If they are not new then they should know how cut throat the competition is for online crypto platform. So it's really very surprising if they have compete in the fiat casino but can't get any traction with crypto. So its a quick decision for them to pull the trigger, nevertheless, we all know that they can go back and relaunch or rebranded it to be a separate entity or maybe someone will focus on the crypto based casino. So best of luck to them and again, just like the rest of us, fix the problems and come back strong.
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avp2306
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March 04, 2024, 08:01:18 AM |
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Right, it's a brutal business, a lot of competitions and it's just really hard to cope with the big boys if you are just new in the game and you don't have that big pockets.
They are not that new, actually. They have been in the gambling business for more than two years at least since their fiat casino was launched in 2021. They are not as old as some of the other well established casinos but I believe two or three years is more than enough to gain the experience needed to operate and maintain a successful business. It's a sad news, nevertheless and I hope they will be able to fix whatever problems they have then relaunch the crypto casino soon as it seemed to be a very promising one. If they are not new then they should know how cut throat the competition is for online crypto platform. So it's really very surprising if they have compete in the fiat casino but can't get any traction with crypto. So its a quick decision for them to pull the trigger, nevertheless, we all know that they can go back and relaunch or rebranded it to be a separate entity or maybe someone will focus on the crypto based casino. So best of luck to them and again, just like the rest of us, fix the problems and come back strong. Maybe even if they know how to cut and overcome there competitor if there's less players came on their casino then everything still will be useless since they can't finance the marketing or promotion if they are not earning on their casino. Maybe this is the reason why they choose to shutdown their operation since they can't handle the expenses anymore as they are losing money everyday if they choose to pursue their operation. Hopefully they still consider to comeback here with better plans since its so good to see them continue to operate and compete with other reputable casino since this will be good to us as a gambler and we could have a lot of option to choose.
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Baofeng
Legendary
Offline
Activity: 2772
Merit: 1679
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March 04, 2024, 12:10:58 PM |
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I doubt this due to tough competition since they strong marketing already that running well. They should just stop the promotion if they think the problem is competition and just re-evaluate their next step for marketing.
I think it’s more on rebranding part or legal issue since operating crypto casino is different to fiat. They probably come back again soon in different brand name. This is common strategy of fiat casino when they are opening a crypto arm casino.
You don't know whether their marketing efforts give back good results or not because you don't have access to their sheets. It's very hard to understand the reason behind their decision to shut down their crypto casino and leave fiat casino because competition is less in crypto space and if they stand well in fiat space, they should survive in crypto space. You are probably right, they might come with a new brand in crypto space. Hope we will hear explanation from them. By the way, I tried to log into their website (both, justcasino.io and justcasino.com) and after many attempts, many location was restricted. If they restrict so many locations, they'll find it hard to succeed Ok I remember now, yes, majority of gamblers here have been restricted by this casinos and most likely this could be one factor why they decided to quit the crypto side of it. Maybe of us would love to try new casinos but unfortunately, this is not the case for them. Anyhow, I think they can get around with it, maybe with their license. There are a lot of casinos here that have few country restrictions that why we are surprised on how this casino restricts the majority of us. Good luck to them and yes, hopefully they will resurface later.
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Coin_trader
Copper Member
Legendary
Offline
Activity: 2954
Merit: 1225
Leading Crypto Sports Betting & Casino Platform
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March 04, 2024, 01:06:25 PM |
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If they are not new then they should know how cut throat the competition is for online crypto platform. So it's really very surprising if they have compete in the fiat casino but can't get any traction with crypto.
So its a quick decision for them to pull the trigger, nevertheless, we all know that they can go back and relaunch or rebranded it to be a separate entity or maybe someone will focus on the crypto based casino. So best of luck to them and again, just like the rest of us, fix the problems and come back strong.
Justcasino never mention the real issue on why they are shutting down. I think only people here assumes that it’s due to competition but this doesn’t make sense since they are just new in crypto space while they have a long running fiat casino. They knew already how to advertised their product due to their experience so I really doubt that they will give up easily without trying for more years. Crypto casino is now trending since Bitcoin and altcoins market is pumping. Now is the perfect time for crypto casino to prosper since there’s a lot of fiat money entering in crypto space and most of them will go to casino industry. I believe they will release official statement soon once they close this thread.
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ultrloa
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Activity: 2926
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March 04, 2024, 02:46:11 PM |
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If they are not new then they should know how cut throat the competition is for online crypto platform. So it's really very surprising if they have compete in the fiat casino but can't get any traction with crypto.
So its a quick decision for them to pull the trigger, nevertheless, we all know that they can go back and relaunch or rebranded it to be a separate entity or maybe someone will focus on the crypto based casino. So best of luck to them and again, just like the rest of us, fix the problems and come back strong.
Justcasino never mention the real issue on why they are shutting down. I think only people here assumes that it’s due to competition but this doesn’t make sense since they are just new in crypto space while they have a long running fiat casino. They knew already how to advertised their product due to their experience so I really doubt that they will give up easily without trying for more years. Crypto casino is now trending since Bitcoin and altcoins market is pumping. Now is the perfect time for crypto casino to prosper since there’s a lot of fiat money entering in crypto space and most of them will go to casino industry. I believe they will release official statement soon once they close this thread. Maybe they base their conclusion on current situation in this forum where there's a lot of casino introduce their business and maybe they think that this is the reason why this business shutdown since they don't get much attention with their competitor. But I guess that one is just a factor, but for sure the main reason why is maybe they didn't get much player that can generate them good profits and the result they struggle financially and their business became liability to them that's why they choose to shutdown their crypto business to focus on other one so that they can lessen the load which they can focus their attention. I don't think they have guts to announce the reason. Also its better for OP to close this thread to avoid any conflicts or misconceptions about what currently happened to them.
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Mahdirakib
Legendary
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Activity: 2086
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In Search of Incredible
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March 06, 2024, 04:31:35 PM |
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It's revenue. They have lost a significant amount already in 3 months. They are quite experience in the industry as they have 2 fiat business, there's no way to go anything wrong. Price fluctuation has nothing to do with the decision as far as I know.
Maybe they haven't gotten the success with their crypto casino as they expected. All the established and popular crypto gambling sites have sportsbook now. Nowadays, it isn’t easy for a new casino to attract the bettors with just 3rd party provider games. Some in-house games & sports betting features are also needed to attract the gamblers and generate revenue. JustCasino has lagged behind in these sections.
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Potato Chips
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March 06, 2024, 07:08:44 PM |
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Their fiat business will be active. Will just shut down the crypto casino. It's sad, they just started the brand only 3 months ago if I'm correct and now decided to shut down.
That's good to hear. Also, I never noticed this before but they also have a couple of cryptocurrencies on justcasino.com, though the number of restricted countries remains huge unlike the .io one which was heavily sized down. Also its better for OP to close this thread to avoid any conflicts or misconceptions about what currently happened to them.
It wouldn't be too bad to keep the thread open -- after shutting down -- for closure. If anything, one way to solve misconceptions would be through discussions. Discussion wise, there is still a room seeing how justcasino.io is still functioning and has not sent out winding down announcement yet.
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Yaunfitda
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March 06, 2024, 09:17:40 PM |
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Their fiat business will be active. Will just shut down the crypto casino. It's sad, they just started the brand only 3 months ago if I'm correct and now decided to shut down.
That's good to hear. Also, I never noticed this before but they also have a couple of cryptocurrencies on justcasino.com, though the number of restricted countries remains huge unlike the .io one which was heavily sized down. Also its better for OP to close this thread to avoid any conflicts or misconceptions about what currently happened to them.
It wouldn't be too bad to keep the thread open -- after shutting down -- for closure. If anything, one way to solve misconceptions would be through discussions. Discussion wise, there is still a room seeing how justcasino.io is still functioning and has not sent out winding down announcement yet. I do agree, just keep this thread open for good, who knows, maybe they will have another update to us and give us some hint on why they are shutting down their version of crypto. We can all have our speculations, like competitions and others, but as their CM said, they are losing money so be it. Business is business, it is not making money for you regardless how big or small it is, you will have to make that difficult decision to cut losses by shutting it down and let their fiat side continue. Perhaps the number of restricted countries might have to do with their business suffering a lost.
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Russlenat
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March 07, 2024, 04:08:07 AM |
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It's revenue. They have lost a significant amount already in 3 months. They are quite experience in the industry as they have 2 fiat business, there's no way to go anything wrong. Price fluctuation has nothing to do with the decision as far as I know.
Maybe they haven't gotten the success with their crypto casino as they expected. All the established and popular crypto gambling sites have sportsbook now. Nowadays, it isn’t easy for a new casino to attract the bettors with just 3rd party provider games. Some in-house games & sports betting features are also needed to attract the gamblers and generate revenue. JustCasino has lagged behind in these sections. But they can improve it if they want to be that competitive, we don't know the exact reason why they stop their crypto casino but for sure it does not affect the totality of the business since the fiat casino are still active. Only time will tell if they'll come back or not, but I have a feeling that they'll come back in the future as this huge market in the crypto space is just hard to resist, you just gotta be ready when you try to compete among the popular caisinos here.
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