2014 was a successful year for the worldwide gambling industry. PricewaterCoopers professional services network published the Global Gaming Outlook report that compared industry revenues for the last 10 years starting in 2006. According to this report, total gaming revenue in 2014 was 171 040 million US dollars, which is 7.1% higher than in 2013. The biggest growth of 9.7% was reported in Pacific Asia followed by Latin America (8.6%). Many new online casinos started accepting new players this year, but also many were closed either temporarily for maintenance, or for good. Here you can see the list of all online casinos closed in 2014.
Merged with another group
It is not unusual for an online casino, like any other business, to change owners. As soon as the casino is sold, it may join a new group of casinos owned by the same company. What happens to the player accounts, you may ask? In this case, several scenarios are possible. Usually, all player accounts stay the same, and the players may not even be aware of any administrative changes in the casino. Sometimes the players need to re-register an account at the same casino, or their existing accounts can be transferred to another casino within the group. This usually happens when the owner decides merge two brands that target similar markets in order to enhance their joined performance. For example, Italian brand IziPlay merged with a well-known online gambling site Snai Casino, and Finnish Leijona has joined CasinoHuone.
Some online casino owners use rebranding as a means to improve performance and effectiveness of the brand. In this case, anything, including casino name, logo, site outlook, software platform, technical support, etc., may be changed in order to improve the outcomes and earn a better reputation. The rebranded online casino gets a second chance to grow and develop, and the players get an updated and improved casino site that hopefully produces better gaming experiences.
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 maintenance
Sometimes online casinos are temporarily unavailable to players due to site maintenance. Casinos may close for maintenance for various reasons. These include site restructuration, any updates in casino software and game modules, some technical work in service modules that include support and embedded payment solutions. Additionally, some casinos may close for rebranding that does not lead to a merge with any other brand. Sometimes the reason for casino temporary closure may become casino poor revenue. The owners may close the casino site in order to make decisions about development strategies, whether the casino should be restructured, rebranded or closed for good
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.
Closed for good