What you have to keep in mind is that people invest and divest all the time, thus the owners make money even though the overall profit for the investors/site stays low/negative. E.g. the site is @ -50 proft and someone invests for the first time (or without prior negative profit). After a while the site grows to -20 profit, thus said someone has made a little profit depending on the amount invested. If this profit is divest 10% of it go directly towards the owners. IIRC it wasnt as high as 12 BTC for last month (maybe manl can give us an exact number?), but a new site is not expected to be profitable within the first few months.
You are right, profit is indeed higher than 0.001*wagered. But I don't think big investors are going to divest that often, so extra profit from that doesn't seem to be much.
IIRC it wasnt as high as 12 BTC for last month (maybe manl can give us an exact number?), but a new site is not expected to be profitable within the first few months.
Yes, that makes sense, reinvesting the majority of profits to make the casino grow.