Amazing stat more USA books have went bankrupt than offshore

[jjgold]

Every month you hear another USA shop shut down and have only been around approximately four years

Eventually, you’re gonna see only about 5 to 7 USA places, there’s just not enough players and too many costs, Player pools are just too small for states to support 10 or more books

Offshore approx 25 years in business

 

[aikman.tr]

Coolbet left Ontario market with less than a year in business here

 

[djefferis]

Bankrupt or ceased operations - very different things.

Plenty of shops closed as the cost of staying in a market cost too much. Local restaurant chain had 6 locations - the lease expired on 2 in one town and they closed as cost of lease/lack of workers made it non profitable - they aren’t bankrupt though - just less physical locations.

Offshores don’t “go bankrupt” they just disappear with player funds. Some it’s just bad management - some it’s intentional and some it’s just other issues with legal authorities (hard to pay when governments seize your bank accounts).

Too many entrants thinking too big - simple as that on the legal side of things - over expansion - just like happened in Vegas/Macau and other areas in the last quarter century.

 

[jjgold]

They went bankrupt ceasing operations is the same exact thing they were getting destroyed financially, taxes, and many cost and no customers