Asia

Law Commission of India backs gambling in Bitcoin

Published

7 months ago

July 30, 2018

Niji Ng

Photo source: cryptovest

Reading Time: 1 minute

The Law Commission of India has recently submitted its 276th report to the Union Minister of Law and Justice, Ravi Shankar Prasad. One of its recommendations is to legalise gambling, especially through Bitcoin. The recommendation has created bit of a storm in the country, with political parties and activists expressing their strong protests. It must be also noted that the Reserve Bank of India (RBI) has recently banned Indian banks from dealing with Bitcoin and cryptocurrency entities.

The Law Commission’s report states: “Gambling transactions should be made cashless, making use of electronic means of payment such as credit cards, debit cards, net-banking, Virtual Currencies (VC – also known as Cryptocurrency), etc. Stringent law(s) should be put in place to control Foreign Direct Investment and at the same time, to prevent money laundering, while also implementing necessary tax reforms.”

The proposal has been made based on the fact that the straight-jacket prohibition on gambling has resulted in a rampant increase in illegal gambling, resulting in a boom in black-money generation and circulation. Regulated gambling could ensure the detection of fraud and money laundering and would create transparency. “Betting and gambling transactions should be linked with operator’s as well as player’s/participant’s Aadhaar card/PAN card, so as to ensure transparency and State supervision. The cap on the maximum amount that can be staked in a wager should be fixed by law and be strictly implemented,” observed the Commission.

Source: inc42.com

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Niji Ng

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Asia

BetConstruct attained a partnership with SA Gaming

Published

20 hours ago

February 19, 2019

Zoltan Tundik

Reading Time: 1 minute

BetConstruct announces a new strategic partnership with an online entertainment platform provider in Asia – SA Gaming.

As a result of the agreement, SA Gaming’s various slots and live casino solutions will be integrated into BetConstruct’s platform. Around 30 slots such as The Guard, World Cup Fever, Red Dragon, Saint of Mahjong, Indiana’s Quest, Dragon Tiger, and others currently fulfill their gaming catalog.

“This is an important partnership for us, as a result of which our gaming portfolio will be enhanced with more Asian themed slots and live casino games, ” says BetConstruct regional director Lusine Khudaverdyan.

Apart from the slots, SA Gaming has a wide portfolio of live casino games famous in Asia. Following the partnership, we already support such games as Baccarat, Roulette, Sic Bo, Fan Tan and Speed Baccarat from our new Asian 3rd party provider. Together with SA Gaming we believe to provide premium gaming solutions for all our partner operators.

About BetConstruct

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales, and service centers around the globe.

BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).

All partners benefit from the BetConstruct Spring platform with its powerful back-office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

Asia

Bangladesh bans online gambling websites

Published

20 hours ago

February 19, 2019

Niji Ng

Bangladesh bans online gambling websites

Reading Time: 1 minute

Bangladesh Telecommunication Regulatory Commission (BTRC) has asked all the internet gateway providers and Telecom department to run an internet safety solution programme to block online gambling websites. BTRC is believed to have received an instruction to effect the same from the country’s government.

The telecom regulator has sent the order to block the websites so that these websites will not be accessible in Bangladesh again.

“It might take few more hours to block all the sites completely as blocking any site is so technical,” said Md Emdadul Hoque, general secretary of Internet Service Provider Association of Bangladesh (ISPAB).

A top official of the BTRC said they have often found complaints from different sides about online gambling and that needs to block for the sake of safe internet.

Asia

BK8.com ropes in John Terry as Brand Ambassador

Published

20 hours ago

February 19, 2019

Niji Ng

Photo Source: johnterrybk8.com

Reading Time: 1 minute

BK8.com, a premier online gaming company in Asia, has appointed John Terry, former Chelsea captain and England football player, as the first brand ambassador of the company.

With this BK8 has the rights to promote their products using John Terry as Brand Ambassador. Terry will appear in the group’s marketing campaigns and advertising platforms throughout Asia.

John Terry said: “I’m excited to begin this partnership with BK8.com! They share my great passion for football and I’m looking forward to playing a role in their many plans to promote the brand to new and existing players throughout Asia.”

Mr. Lawrence Wayneson, General Manager of BK8.com, said: “We are delighted to welcome John Terry to BK8.com; a man who shares many of the same values as our brand and who is always looking for opportunities to reach greatness. One of the most influential and successful captains to compete at the highest level of club football, John Terry is a true sport icon who inspires fans worldwide to strive to reach the ultimate standards of excellence. John Terry will help engage our target audience in Asia and working with him as a brand ambassador is just one of the many exciting, upcoming projects BK8.com have planned for 2019!”

The agreement is a result of a collaboration between Samson Sport Consultancy and Entourage Sport & Entertainment, the commercial agents for John Terry.