Post
Topic
Board Gambling discussion
Re: Running a casino during crypto crash
by
Stedsm
on 08/12/2022, 18:53:29 UTC
Casinos that are oldest may be facing, not a lot, but some sort of losses due to crypto crash and I'm saying this as casinos just don't keep the deposits as it is as they also need to pay for the withdrawals that take place on their platform. So it really doesn't make sense on suspecting casinos about whether they are on a loss or still making profits. What happened at FTX was a different story, but it'd be really stupid to ask a casino to show what do they hold, because except USDT and other stablecoins, any crypto that a casino holds does not have a fixed price and something that's variable in value will definitely make them look in deeper losses even though they are in profits. No casino would put out their balance sheet in front of you just because you are demanding it, you'll either need some serious accusation or strong evidence against the casino whether they're involved in any foul play or money laundering activities.