More and More casinos to shut their doors.

[ValDes]

Thanks mate.

[drogerman]

im not surprised to see EM casinos closing down because lets face it, most of them are just not good at... well, anything.

 

I cant recall when was the last time i played at one of their places (some welcome bonuses being exception but even most of those are pretty ***** so i avoid them). Teir bonuses are stuff like 20% - 25% with 25x-30x (d+ or 60xb wagering and im sure most people arent lunatics to tackle on those bonuses.

 

maybe if they were only group out there, fine but since theres like 9000 other casinos, with better bonuses i can see why people dont play at their places often too bad they couldnt see it too, eh?

[Cory_Morison]

I agree with pinnit 2015. However, I think that such a situation might be caused by something apart from the casino’s profitability. Gambling sites might shut their doors because of changes in a government’s regulations, including increasing of taxes. Also, agree regarding market saturation and lower margins, but it impossible to deny that financial issues took place as well.

[Fiekie247]

Is it just me or if I remember correctly that Casino Adrenaline closed their doors recently..

Just asking saw an email they are back now and gave 20 no deposit spins.

 

However Codeta is shutting down as well from Every matrix

 

[pinnit2015]

I wouldn't be too enamoured to run back to them if they closed not so long ago to be honest...

As for Codeta - only thing surprising is that they made it past the new year as i think they've been struggling for 6-9 months

Think the warning signs generally are:

Cashouts fast to slow - check

Offers, now no offers - check

Providers suddenly disappear and re-appear - check

Generally, correspondence starts to slow.

Once the UKGC finishes with their RG Fetish, they can maybe start to look at some of these places starting to display the telltale signs of financial distress - most casinos have the very basic level of segregation of funds which is, lets face it, no protection. So if accounts and winnings aren't transferred there's a real risk the money is gone.

 

Oh....and another one that went recently was Freaky Vegas - Lord knows why it was even set up *quizzical eyebrow raised* Starting to wonder if every casino that has Vegas in it is a bit dicey

[Afi4wins]

As of 1st Jan 2019, there is not a single EveryMatrix casino in my casinos list...all have been closed and destined to remain closed!

Nothing worthy to make me go back to any of them anyway, as far as I am concerned...unless a miracle happens... 

[Fiekie247]

On 1/23/2019 at 7:31 AM, Afi4wins said:

As of 1st Jan 2019, there is not a single EveryMatrix casino in my casinos list...all have been closed and destined to remain closed!

Nothing worthy to make me go back to any of them anyway, as far as I am concerned...unless a miracle happens... 

What would that miracle be?

[Afi4wins]

2 hours ago, Fiekie247 said:

What would that miracle be?

They don't ask for a selfie or SoW docs, they verify accounts within minutes, they pay within minutes too...and of course, must have my fav games. 

Right now, it is an impossible task for any EveryMatrix casino to do...in my case anyway.

[pinnit2015]

Another two bite the dust in the UK

Mongoose

Highroller

[ValDes]

Actually, rather surprised the wave of online casinos shutting their doors (completely or for UK punters only) is in fact slowing down and certainly not affecting the amount of operators I was expecting to.... Heard some stories of certain companies investing some serious money into the bizz prior Christmas and hoping for a good run, but IMHO, next February - May period will be tough, really really tough for  most of them  anyway. 

[pinnit2015]

Put in perspective:30 have just had licences approved in the other month so it’s not stopping operations. 

Only ones that left that I miss are Red Queen and Vera John tbh