Closed online Casinos and Bankrupt Casinos

Almost every week there are new online casinos opening up their doors on the internet. But almost the same amount of them are closing in the same period. Some casinos get out of money, some close the doors suddenly without any notice and other inform their players and partners in advance. The casinos that do it the correct way stop accepting players at a certain moment and they inform their players to withdraw their money. On this page you find everything you need to know related to closed online casinos.

There are also a lot of different casinos that change from owner. In the online casino industry there are a lot of mergers and casinos being sold. When a casino is getting sky high it is very interesting for big companies to buy these casinos but when a casino is losing money or when the wallet is getting empty the owners most of the time want to get rid of the casino. If you are a player of a casino that gets a new owner you probably won’t notice anything. But when a casino goes bankrupt or when a casino rebrands you will notice it. In most cases you get informed by email if the casino gets a rebrand or your player account is being transfered to a new casino. In that case you don’t need to register a new account and you can keep on playing at the new casino.

On this page we are going to tell you all about the closed online casinos and casinos that are closing down.

Why do online casinos close or go bankrupt?

The most obvious reason why a casino closes is money. Closed Online Casinos ran out of money because they had a few big winners or an unhealthy cashflow. Sometimes they spend a lot of money on marketing but players don’t like the casino. In that case you spend a shit load of money but players walk away after they played once or twice. Launching an online casino is not cheap. You need to have a lot of money when you want to attract a significant amount of good players. Ofcourse you also need to invest in software, customer support, player retention and licensing.

In this paragraph we tell you more about the cost of starting an online casino. When you see these costs you can imagine why a lot of casinos close after a while.

Top rated online casinos 2021

When you are looking for reliable casinos which are open and will not close, you should have a look at the table below. We have selected reputable and reliable online casinos. Casinos listed in this table are trustowrthy and won’t become closed online casinos.

CASINOREVIEWBONUSRATINGREGISTRATIONPLAY
Videoslots casinoVideoslots
T&C Apply
11 Spins
100% Bonus
Perfect online casino-
Unique CasinoUnique Casino€10 Free
100% + 20 Spins
Perfect online casino€10 Free
Cookie  CasinoCookie Casino50 Free Spins
100% Bonus
Perfect online casino50 Free Spins
Slotwolf CasinoSlotwolf50 Free Spins
150% Bonus
Perfect online casino-
Slot Hunter CasinoSlot Hunter20 Free Spins
200% Bonus
Perfect online casino20 Free Spins
Caxino CasinoCaxino Casino€200,- Bonus
100 Free Spins
Perfect online casino-
N1 CasinoN1 Casino25 Free Spins
150% Bonus
Perfect online casino25 Free Spins
Jonny Jackpot CasinoJonny Jackpot100 Bonus Spins
100% Bonus
Perfect online casino-
BetAmo CasinoBetAmo50 Free Spins
2x 100% Bonus
Perfect online casino50 Free Spins
Wildz CasinoWildz Casino€500,- Bonus
200 Free Spins
Perfect online casino-
Playgrand CasinoPlaygrand50 Free Spins
150% Bonus
Perfect online casino50 Free Spins

How much money does it cost to open an online casino?

If you want you can start an online casino. You only need to have a reputable company and a clean criminal record. You could start a so-called white label casino or develop your own software. We recommend you to use a reliable white label company. These companies have the expertise and they can help you set up a proper casino. To start an online casino you have to come up with an investment of 2-3 Million Euro. Most business plans in the online casino industry are created to earn back the total investment within 2-3 years. You need this money to buy licenses, attract players, pay your employees and pay partners you need for running an online casino.

Step 1 – Get a license

You need to decide in which countries you want to be active with your casino. Based on your choices you need a valid gaming license for these jurisdictions. The average gambling license cost between €30.000 and €50.000 a year. The initial startup cost are between €5.000 and €10.000. After spending this money you only have a license and no product or players.

Step 2 – Choose software or develop software

At your casino you need a proper portfolio of games and your software needs to be smooth. It is very important to choose solid software and games because these two factors help you to retain your players. You need to offer a regulated game portfolio with trusted games. And ofcourse you need a good variety of games. A good online casino offers Slots, Blackjack, Bingo, Poker, Roulette, Blackjack and live casino games. Game developers like NetEnt, Microgaming, Pushgaming and Play n Go don’t offer you free games. You have to pay an initial startup fee and when players play games you have to pay a contribution based on revenues made. The initial fee to setup a decent amount of games and software providers is around €150.000.

Online slots providers want you to have a serious cash balance because they offer jackpot slots. When a jackpot falls at your casino you have to pay that amount to your player. You can imagine that a good cash balance is needed when a player wins a €500.000 jackpot. Game providers like NetEnt and Microgaming require casino owners to have atleast a cash balance of +/- €400.000.

Step 3 – Built a good looking website and mobile casino

You need to have an appealing website. A website that attracts players but more important, retains players. We recommend casino owners to use a whitelabel provider. A populat white label company is White Hat Gaming. The white label providers offers you a template. You only have to add the game providers, your logo, your graphic design and content. Starting up a white label website is not expansive because the white label company earns money when you earn money. You have to pay a monthly fee to use the white label service. White label companies can also provide customer support for you. You pay a fee per chat with a customer support employee.

Step 4 – Marketing – Attract players to your casino

It is not easy to attract quality players. It cost a lot of money and you need to have a serious budget. You could use multiple advertisement options. Before you know the best strategy you already spend a lot of money. With a huge budget you can make a very good impression and attract a lot of players.

Keep notice that you have to compete with a lot of other casinos. These casinos often have huge budgets and they know how to attract players. When you do online marketing you often have to pay a high prize per player to attract them. So-called affiliates often ask €100+ for a new player they send to a casino. On top of that they also want a percentage of the losses from a player (revenue share).

Close your online casino in a proper way!

If you decide to close your casino, do it in a proper way. Tell your players and partners that you will close your doors on a certain date. Offer the players the chance to withdraw their money from their account. Also inform your partners so they know they can stop sending players to your casino. Players need to have plenty of time to withdraw the funds from their accounts. You can also offer players a chance to play at other casinos.

There are many cases of casinos simply closing down without informing players or partners. Leaving players with money in their accounts. They declare bankruptcy and dissapear from the radar. this is onne of the reasons why you should only play at safe online casinos.

Closed online Casinos

Casinos closed or bankrupt 2021

Here you find an overview of casinos closed in 2021. Behind each casino we tell you why this casino closed down.

Betvili Casino Closed – May 2021

On the 7th of May we received underneath message from Betvili Casino

“We stepped out from a team meeting, with a very unexpected and saddening news.
As we were told, Betvili project is shutting down.
We are also overwhelmed and shocked, as we speak we do not work at betvili anymore.
There are lots of issues which need to be taken care of, one of it is affiliate commissions and so on, As soon as we get any news how it will be handled, we will immediately inform you. It was the real pleasure and honor working with you guys and we are sincerely sorry it all went this way, so suddenly, we have not been able to digest the news by ourselves as well. I guess it will he wise to also remove all the Betvilli advertisements as well.”

This is an example of a casino operated by people without any experience in the online gambling industry. Betvili started halfway 2020 and within 6 months they already had financial issues. A case of wrong management, bad cashflow and wrong marketing.

Speedy Casino Closed – March 2021

At the beginning of March we received an email from Speedy Casino (Hero Affiliates). This email told us that Speedy Casino was going to close down at the end of March. The casino had some issues with their operations in the Netherlands. Nobody exactly knows what the issues where about. But we can imagine it had something to do with the upcoming online gambling bill in the Netherlands. Speedy Casino was one of the casinos with a high focus on Dutch players. They did a lot of marketing in the Netherlands and they targetted a lot of Dutch players via NL focussed websites. This is officially illegal. And we think they got a fine from the Dutch Gambling Authorities.

Hero Affiliates decided to merge all Speedy Casino clients into their other brand Simple Casino. Simple Casino is almost the same product and it offers the same games. If you had an account at Speedy Casino your money, loyalty points and bonuses are transferred to Simple Casino. You can login with the same details and you can play the same games and collect similar bonuses.

Casinos Closed in 2020

In 2020 the following online casinos closed their doors, went bankrupt or stopped operating.

  • Gransino –> Bankrupt
  • Kaboo –> Bankrupt
  • Joreels –> Legislation and Licensing
  • GoWin casino –> Merged

 

Casinos Closed in 2019

Another year and more closed online casinos. In 2019 the following casinos closed their doors. Behind the casino you find the reasons for closure.

  • Midauer –> Bankrupt
  • Triple Aces Casino –> Cashflow issues

 

Closed casinos 2018

  • Ikibu –> Bankrupt
  • Quasar Casino –> Legislation reasons
  • Ladylucks –> Bankrupt

 

Closed Online Casinos 2017

Every year there are online casinos that are closing down there doors. Some of them inform you in advance and others just close the doors. When a casino does not inform you it could be hard to get back the money you still have in your casino account. If this happens you can file a complaint at the international supervising authorities, like eCogra or IBAS. We can also see if we can help you because we have close contact with a lot of online casinos.

In the underneath overview you find the casinos that closed down this year. As you can see there are a lot of changes in the online casino industry the last few months.

Casino Merged with another casino or casino group

Sometimes casinos merge into another casino. Casinos for example merge 2 brands that target the same market in to one single casino. In that case your account is transfered in to the new brand or you don’t even notice that the casino is merged. In most cases your player account stays the same and you can continue playing at the casino. Sometimes you receive an email that the casino changed the name, or merged with another casino. In that case your player account and money is transfered to that casino. Underneath you find the casinos that merged in to another brand in 2017

  • TrioBet Casino – Merged with Betsafe

Casino rebranded

A lot of companies rebrand during the years. Online Casinos also rebrand now and then. Most owners use a rebrand to improve the performance and effectiveness of the casino brand. Most of the time the casino changes a few of the following things when rebranding. name, logo, software, available games, payment options. A rebrand is always to make the casino better for you as a player. With a rebrand a casino has a new chance of growing and developing in the market. With a better gaming experience they hope to get more loyal players and new players. The following casinos rebranded in 2017

  • Orange Gamez Casinos – Rebranded to OG Palace Casino (we don’t recommend this casino)
  • ZonCasino –> PlaySunny (we recommend this casino as a safe casino)

Closed for good in 2017

Of course a company can get bankrupt or a company can stop operating. This happens every day in the wotld. And this also happens with online casinos now and than. If a casino doesn’t see any growth or when they have a negative cashflow a casino can decide to close the doors. Most casinos close the doors by the supervising authoritiy due to their licensing. In that case the casino tries to arrange everything for the players and the money those players still have in their accounts. A casino that does it the correct way contacts the players and asks the players to withdraw their casino savings. When a casino has a UK licence you receive your money back in 99% of the times a casino closes the doors. But when casinos have licences from Curacao or Malta this percentage is a bit lower.

Only play at casinos listed in our list of Safe and Reliable online casinos”

Safe Casinos

 

There are also casino that close the doors without saying anything to their players or the internation gaming authorities. These are rogue casinos and in most cases you don’t see any of your money back. Our advise is, don’t keep a high amount of money in your casino account because you never know if a casino stops operating. Or only play at safe and reliable online casinos tested by BestBettingCasinos. The following casinos closed their doors for good in 2017 (our casino rating are behind the casino name).

  • Europa Play Casino – 3 Star rating
  • Whitebet Casino – 4 Star rating
  • Club 777 Casino – 3.5 Star rating
  • Polder Casino – 4 Star Rating
  • Spin Empire Casino – 3.5 Star Rating
  • Luck Casino – 3 Star Rating
  • Klaver Casino – 4.5 Star Rating
  • Gorilla Casino – 3 Star Rating
  • Red Luck Casino – 3 Star rating
  • Slotobank Casino – 3 Star Rating
  • Fortuin Casino – 4.5 Star Rating (Due to Dutch legacy)
  • King Solomons – 3 Star Rating
  • Casino Oliver – 2 Star rating
  • Gamelux Casino – 2.5 Star rating
  • PKR Casino – 4 Star rating

 

Play only at safe and reliable online casinos

If you want to play at safe and reliable online casinos you can try one of the casinos from our top 10. In the underneath table you find 10 online casinos that are proven to be 100% safe and reliable. We are sure that there is only a minimum chance that one of these casinos is closing down in the next few years. So your money is safe at these casinos. We play at all the casinos before we add them to our website and when we have a small doubt over the casino we don’t add the casino to our list of safe online casinos. We add them to the list of rogue casinos in that case.

CASINOREVIEWBONUSRATINGREGISTRATIONPLAY
Videoslots casinoVideoslots
T&C Apply
11 Spins
100% Bonus
Perfect online casino-
Unique CasinoUnique Casino€10 Free
100% + 20 Spins
Perfect online casino€10 Free
Cookie  CasinoCookie Casino50 Free Spins
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Slotwolf CasinoSlotwolf50 Free Spins
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Perfect online casino-
Slot Hunter CasinoSlot Hunter20 Free Spins
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Caxino CasinoCaxino Casino€200,- Bonus
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N1 CasinoN1 Casino25 Free Spins
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Jonny Jackpot CasinoJonny Jackpot100 Bonus Spins
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BetAmo CasinoBetAmo50 Free Spins
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Wildz CasinoWildz Casino€500,- Bonus
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Playgrand CasinoPlaygrand50 Free Spins
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Casinos redirected to other online casinos

I most of the cases when a casino closes the doors all visitors are redirected to other online casinos owned by the company. In some cases a casino closes and that casino was a white label of company that delivers white label casinos it is possible that this company takes care of the casino and their players. The company redirects the players and the new traffic to a white label brand owned by another client of this company. In the past this happened wuth 21Casino, FruityCasa and Hello Casino. The owners of these casinos stopped running the casinos and white label company “White Hat Gaming” redirected the brands to their client Branders and Full Cream. After the player accounts or the casinos are redirected you receive almost the same service, support andavailable games. Most of the times you find the same game suppliers and payment methods at the casino your account is redirected to. And your outstanding casino balance is also redirected to the new casino.

In 2017 the underneath casinos where redirected to other excisting brands in the market.

  • Kings Chance Casino –> 7Reels Casino
  • Lyckoskrapet Scratch –> Vikings Slots Casino
  • Sunset Slots Casino –> 7Reels Casino
  • Euro Max Play Casino –> Winner Casino
  • Winner Club Casino –> Winner Casino
  • Princess Star Casino –> PrincessWin Casino
  • Casino Del Rio –> Winner Casino
  • Moobile Games –> Lady Lucks Casino

 

Closed Online Casinos 2016

2016 Was a year with a lot of online casinos closing down and there where a lot of redirects and mergings in the online casino industry. In the underneath overview you find the most important closed online casinos and the redirects to other online casinos.

Casinos Closed for good in 2016

  • Smart Live Casino
  • SpinUSA Casino
  • SkyKings Casino
  • 333 Palace Casino
  • TLC178 Sportsbook & Casino
  • Long Harbour casino
  • Treasure Island
  • Jackpot Jungle
  • Windows Casino
  • VoltCasino
  • Atlantis Gold Casino
  • Grand Parker Casino
  • Joyland Casino
  • Loco Panda Casino
  • Casino Moolah
  • Jackpot.com
  • Twist Casino
  • Jubise Casino
  • Casino blu
  • Gold VIP Club Casino

 

All the above casinos have never been listed to our list of safe and reliable online casinos because we already thought they where rogue for players and partners. So for us it is not a surprise that these casinos closed their doors in the last few years.

Redirected casinos in 2016

I think 2016 was the year with the most casino closures of all time. And also the year where the most casino redirects took place. In the list underneath you find casinos that are redirected to other brands in 2016. All the player accounts of the old casino brands are merged to the new casino and all players could continue playing at the new casino brand.

  • Winneroo Casino –> Spinzilla Casino (3 star rating)
  • Win Cake Casino –> Juicy Stakes Casino (3 star rating)
  • 1Live Casino –> Fairway Casino (2.5 Star rating)
  • Club Vegas USA –> Simon’s Casino (3 star rating)
  • Vegas Joker Casino –> Luxury Casino (4 star rating)
  • 999 casino –> All Slots Casino (4 star rating)
  • Casino Bellini –> Titan Casino (3 Star rating)
  • Ruby Bingo –> William Hill casino (4 star rating)

 

As you can see in the redirect overview there are a few casinos we listed on our website. These are the casinos with a 4 star rating because they are safe and reliable and we tested them. So if you want to play at one of those casinos there are no safety or security problems, you can try those casinos without any risk.

And if you want to try €10 free at a few online casinos you can click the underneath button. This is the perfect way to try a few casinos without having the risk of losing some real money.

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