I never think that ICOs are dead, IEO is just a trust process to raise funds for a new legit project. Even Binance IEO can't raise as much as ICO. Anyone can get scams easily by ICO which risk is much lower in top exchange IEO. In 4 and half hours, 42 million USD was huge funds. Kingcasino was published about success, so we have to wait until the good exchange listed to see the real value.
ICO is indeed still quite a lot at this time, it's just that ICO does not currently have a big opportunity anymore. Well, if the mentioned ICO project really collected that many assets, then I assume that this happens from 1 in dozens of existing ICOs. in fact, ICO is currently not in great demand.
ICO have been largely forgotten for the past year and investors don't seem interested in investing in these projects. I think the current investment trend is IEOs because it gives you higher profits and doesn't have to spend too much time waiting. However, the problem here is that there are not too many good IEO projects for investors and you are not always lucky enough to participate in big projects.