Simmo!
I agree. I believe that the older, more established casinos do continue to draw players back into the fold periodically, so the older affiliates do continue to benefit from players acquired years ago, but the newer affiliates, who are likely sending these players, back to the older casinos, see nothing but a download in their stats.
This affects a lot of the older, established places, like the Belle Rock Casinos, Peak Casinos, Casino Rewards, Fortune, Cassava etc. etc. etc.
I personally think it accounts for a whole lot of the problems people complain about regarding conversions with these older, reputable and established programs and casinos. Those who periodically add new properties do better.
I have been thinking about this for some time now and haven’t come up with any ideas for any type solution yet. It appears these casino groups have little choice but to spend all the money and effort on introducing brand new casinos periodically. These are almost guaranteed to make money – at least for a time.