In 2015 PricewaterhouseCoopers published a report on global gaming where the revenue data for the last 10 years was presented. According to this report, total gambling revenue in 2012 worldwide was $146, 680 million, which is 10.8% higher than in 2011. For many online casinos, it was a successful year. However, some casinos had to close due to rebranding, transferring player accounts or merging with other brands. A certain number of casinos went out of business completely. Below you may see the list of casinos closed in 2012.
As soon as the casino gets closed, all site visitors are redirected to another casino of the group owned by the same company, or a casino that does not belong to the group but is technically or administratively related to the closed one. This is the way the owners optimize their business by closing ineffective brands and transferring player account to more successful online casinos. As soon as the player account is transferred, the user may get similar service and support, almost identical game selection powered by the same software providers, and comparable promotions and bonuses in the new casino as they had in the closed one.
Closed for good
In case the online casino does not show any steady positive growth regardless of any measures taken to revive it, the owners can make a decision to close this casino for good. In some cases the casino may be closed by the supervising authority due to the licensing violation or other reasons. Things that can happen to the player's account and player's funds depend on the gambling authority that supervised this casino. UK Gambling Commission, for example, is one of the best licensing authorities that protects players' rights, and all closed casinos licensed by it always pay the balance.