Why is it so difficult for online casinos to make money when brick and mortar casinos rake it in?

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No clue! Same reason shady exchanges just rug rather than provide a good service?

In the case of full tilt, they were racing to hire too many expensive pros and become the dominant brand I think. Funding them with player reserves lol. Maybe they intended to pay it back, and may have succeeded if not for law changes shrinking market substantially. Truly confusing though.

Stake, digital slots for crypto, does huge numbers today. At least from what I heard. Joke "kyc process" too from what I've heard. Wonder if they're legit