I'm wondering if they are still making money and why they are out of supply of Bitcoin considering that there should be an inflow of Bitcoin since many gamblers are losing their money.
Correct me if I'm wrong but at least the excerpt of the article quoted in the OP does not say that gamblers are using Bitcoin in playing poker. They are making dollar deposits to the site and played with it but then demanded that the payouts be made in Bitcoin. So I guess there is no Bitcoin inflow and the site is earning in dollars and then use a portion of it to buy Bitcoin for their patrons' payouts.
I'm under the impression that this is a fiat based poker site, but what I don't understand if my assumptions is correct is that they allowed their patrons to withdraw in bitcoin as well? Doesn't make any sense if they allow don't allow bitcoin deposit but instead fiat only.
WPN is not a single site where players play poker. From the name itself, it is a network. So it is basically made up of several poker sites. Some of these sites are actually accepting Bitcoin deposits. I was wrong in my previous post. So not only are they offering Bitcoin option for the payout, at least 3 of them are also offering Bitcoin deposit option to their players.
I still think that they can still make revenues though, this is gambling, so if they can buy $100 millions worth of bitcoin every month they obviously their revenue is more than that.
Of course they are always making revenues. There is always a certain percentage or rake taken by the pot of each hand.