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Here, we list online casinos that recently decided to shut down the operations. We are sad to see the following brands leave us, but hope the people involved in the sites find other more interesting jobs in the industry within short. Lego Las bet meddelar att på grund av COVID-19 så har bolaget tvingats stänga ner. De har verkligen försökt allt under några veckor, men med nuvarande situation så har investerarna i bolaget bestämt sig för att lägga ner med omedelbar effekt.

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Alla utestående räkningar och balanser på konton kommer betalas ut över de kommande 2 veckorna. Unfortunately, Royal Spinz closed without any grand speech from the prime minister. They simply don’t take any more players and are doing like William and Kate, a discrete exit. Casinos regret to inform you that have decided to cease acquisition activities starting March the 1st. The name may sound classy, but the casino was not really in the same league as Park Lane in London. The always had tracking issues and lots of other issues that annoyed both partners and players.

Spin Aces was an unplayable option from start to end. New Casinos Online are actually surprised that the brand lasted so long. Casino Paris Wins was targeting mostly grey or black markets and that was probably one of the reasons for their fall.

Another one is likely too low funding, since new casinos need a lot of investments to really take off. The reason for 24H Bet Casino closing down is that Unibet bought them and decided to shut down the brand. We guess everything online became 24h and it simply didn’t sound very compelling compared to “Unibet”. Just trying to free ride on a well known film star (James Bond and 007) does not give instant credibility among gamblers, rather the opposite if not done well enough. There can be multiple reasons why new brands close down. A couple of reasons are listed below, but are not limited to: Sites running out of money To run a new online casino business can be costly.

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You need to get a team to run the support, technical department, marketing, KYC among other things. Unless a business is putting in at least €2,000,000 – it may be hard to continue operations after a few big winners. Warning signs may be that new operators use very poor and not very memorable domain names, use a standardised design that doesn’t stand out or have lots of spelling errors.

Such mistakes may indicate that the site is not funded well enough to handle professional new casino business. Huge winners without insurance Some new online casinos don’t have insurance for huge jackpot winnings and similar.   If a player win €2-3 millions and they don’t enough backup, the operations might be at risk. Some new casinos online goes into the wrong niche from start.  

For a few markets, that might mean offering free spins without deposit, problem finding the right competence or technical issues. Other issues might include too much reliance of a particular white label or backend that doesn’t work or problem with tracking because of incompetence or simply dodgy behaviour. Others goes into the wrong regions that happen to change regulation and licensing.

This business changes quickly and anything can happen that might force new online casinos to shut down, or at least get a license before they continue operations. Blocked payments for grey markets Many new casinos online face issues with too few payment methods or blocking of a certain merchant account handling VISA or Master Card payments and withdrawls. If players cannot deposit money, the casino will disappear rather quick.

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Hopefully, more brands will realise the need to have a wide range of payment options, including the hottest right now – Trustly, Pay Pal, Bitcoin, Eco Payz, EU Teller, In Pay, Interac, Much Better, Neteller, Pay For Fun, Pay Safe Card, Ripple, Skrill, Sofort and Ukash, Venus Point and Zimpler. Temporary shut downs due to platform changes It’s not uncommon even for rather new casino sites to switch between platforms that handle game play, transactions and the whole user experience. If that’s the case, the interim close down may take anything from a couple of days up to 6 months or more. Players usually keep their login details, but in some rare cases, the casino will send out new login details after the switch. Big competitors have always thought it was a good idea to acquire smaller casino brands and either integrate all their customers into their own top brand or even use the brand name if it’s good enough. So if you previous casino was shut down, acquisition by a competing might be one possibility. Changing name due to regulatory requirements Several new casinos that shut down are going back live again with another name. The reason might be license requirements for new or upcoming regulations in a particular jurisdiction.

For instance, while Amsterdam Casino shut down after many years in operation they opened up with a new name and less symbols associated with DAM a few months later. That way, it is clear they don’t target local customers anymore.