Double Up Casino Closed

[Pokerface]

Received the following this morning:

It is with great regret that I have to inform you that Double Up Online Casino's board members & investors have decided to discontinue their venture with the Double Up Online Brand,

Double Up Casino will shut down the site at 12 pm CET today; Monday 26th of August. Players have been notified accordingly and have been given time to withdraw any balances or play out any bonuses.

With regards to owed commissions; these will be calculated once the casino is closed and will be paid out in due course.

Should you be currently promoting Double Up Casino, kindly remove any listing, materials, and/or reviews with immediate effect.

On behalf of the team at Double Up Casino and 4King Media, I would really like to thank you for your support and your efforts in promoting the Double Up Brand.

[Ryders]

Apparently they didn’t stretch out with finances. Or there were major victories.
And they started well.

[Cash Bonus]

There are a lot of casinos closing these days, Pokerface. They just suddenly close and leave us to fight for ourselves by finding their replacements. It’s nonsense. All we can do as affiliates is to just keep working with the operators that we have and at the same time, keep looking for new and worthy programs to join.

[Former Member 14]

keep looking for new and worthy programs to join.

And most of these "new" casinos are white labels, who are unfunded and go ass-up. The only nonsense here, is to stop marketing these "new" white labels until they can prove their trustworthy.

Of course that logic wont happen...

Instead, wow new casino, sign up, then get shafted all over again!

[wonderpunter]

And most of these "new" casinos are white labels, who are unfunded and go ass-up. The only nonsense here, is to stop marketing these "new" white labels until they can prove their trustworthy.

Of course that logic wont happen...

Instead, wow new casino, sign up, then get shafted all over again!

There are some extremely good whitelabels but are usually pretty much the same running costs as independents, What I have seen is many people without experience get into the casino market pull in loads of investors and start spending big like they are 888 before they even have any players.. then costs get higher investors get scared and pull the plug, been quite a few go down last year this way

[drifter8]

If you have only money and no idea what and how to develop on the market - the ship will sink definitelyi. Our industry is too competitive and sharks are sneaking around the corners any minute.

Lack of knowledge is the big abyss for all new-comers, even white-labeled ones with piles of money.

[ocreditor]

There are some extremely good whitelabels but are usually pretty much the same running costs as independents, What I have seen is many people without experience get into the casino market pull in loads of investors and start spending big like they are 888 before they even have any players.. then costs get higher investors get scared and pull the plug, been quite a few go down last year this way

White labels are almost always doomed to be shutdown at some point due to finance issues or failed management due to lake of experience in managing and operating a gambling operation.

[Former Member 14]

What I have seen is many people without experience get into the casino market pull in loads of investors and start spending big like they are 888 before they even have any players.. then costs get higher investors get scared and pull the plug

There has always been companies offering white-label setups in one shape or another, over the years.

Rival is a prime example.

It would seem Rival (aka Bonne Chance, Black Chip et al) are only too happy to give inexperienced 'greenhorns' a turnkey casino. Knowing, if they fail (and they likely will) because they get little to operational/management guidance. To the best of my knowledge a clause(s) within the contractual agreement states if they fail, the casino is taken over by Rival. It's a win win situation for the turnkey provider.

White labels are synonymous with in-experienced operators. Add to that they usually don't have in-house support, nor arrange their own payment solutions, and it's a recipe for disaster, before they even start. And I wouldn't be surprised if like Rival et al, other turnkey operators have similar T&C's clauses where if the WL fails, then the take over ownership.

More often than not, white labels are underfunded, greenhorn management, and ultimately, a poor man's casino operation.

Back in the day if you wanted a Microgaming casino, you'd undergo police checks, financial investigation, management scrutiny and more. It was a seriously intense process. Aside from all those checks, you also had to have a hefty capital investment (Millions), and a solid business plan.

These day's it seems any one regardless if they're fitting character or not, can pony up with cash and get themselves a white label. I think that pretty much says it all about the majority of white label operators.