Well, development costs money. To get a good developer team, you have to pay them a good salary. It seems either the new owner is not interested in developing the website, or he simply does not know whom to hire, or he still tries to rely on low-quality devs he knows. I believe the first one could be the reason. They do not want to spend money on development anymore.
Their website is running, and they want to make as much money as possible using the same product without spending much on development.
In that case, you can assume that they also don't want to spend on marketing or community managers. Maybe they think that it is enough to automate the work of the site and not worry about anything.
By the way, their latest promotional mailing offering to participate in the already completed round of the Lambo lottery is a good example of the fact that everything is automated, and they don't even care about what they send.