Connect with us
SOFTSWISS

Conferences in Europe

Exclusive Interview with Tomas Draksas (Co-founder of Edgeless.io) speaker at Vienna International Gaming Expo 2018

Published

on

Reading Time: 5 minutes

Our latest interviewee has an impressive gambler background. Tomas Draksas is the Co-founder of Edgeless, Professional Poker Player & Gambler.
In 2008 – 2013, online poker was on the rise and a lot of new players were jumping into the game. At that time, Tomas decided to study the math of probability and poker. Later on, his direction changed to investing, cryptocurrency and digital marketing. He is the CEO of a conversion rate design company (Convi Design) which provides solutions to start-ups in the field of conversion rates and sales funnels. Additionally, he is investing into other start-ups. Right now Tomas is a Co-founder of Edgeless.io first fully transparent decentralised Ethereum casino.

Tomas will be among the speakers at the second edition of Vienna International Gaming Expo, held on the 31st of May at Melia Vienna. More details about the event can be found here.

Thank you very much for answering our questions. First I would like to ask you to shortly introduce yourself and tell us when and why you started working in this industry.

Tomas: Hey, I am Tomas, co-founder of Edgeless blockchain based casino. Well it’s not a coincidence for me to be in such an industry. In 2011 I used to play online poker professionally as my full time occupation. Even before my poker career, gambling was an activity which I love and have positive relationship with. So naturally I collected decent amount of knowledge on entire online gambling industry.

And what about blockchain?

Tomas: I am millennial. Personal computer was introduced to me in an early childhood. I got hooked immediately, spending tons of time learning how to use it. After my poker career, I launched an IT and digital marketing business which is still running up to day. It happened to be that most of my friends are into IT and computers too. So we tend to follow latest IT sector trends. In 2012 a friend of mine introduced me bitcoin as ‘something cool in IT”. Since then I follow everything related to blockchains up to day.

So here you go, that’s how I got into blockchain gambling industry.

You are the co-founder of Edgeless.io, a first fully transparent decentralised Ethereum casino. What makes this casino different and what services does it offer?

Tomas: There is a decent amount of online gambling customers who do not trust casinos they are playing at. And not without a reason – casino industry is full of cheating scandals. If player loses, they immediately assume that casino is cheating.

We solve this problem connecting our casino infrastructure to Ethereum ‘smart-contracts’. Using this system we entirely get rid of a ‘trust-problem’.

“Smart-contract” automatically uploads random number inputs a blockchain. That becomes publicly visible. After that people can take these inputs and recreate an outcome of past games.

That means our casino cannot cheat without being spotted on a blockchain. And that makes us incredibly transparent gambling service provider.

In a long run we aim to build most transparent and user-friendly online casino brand.

You are very much interested in investing, cryptocurrency and digital marketing. Please tell us more about the state of gambling industry in Europe considering these important issues you have experience in.

Tomas: In last 5 years, online gambling has its own peak/ prime moments. It expanded rapidly to almost every country making it incredibly profitable industry. However, more than half of an industry operates illegally breaching most gambling laws. That creates huge problems for local governments. So now the trend is: heavy regulations on gambling industry and no mercy for operators. Local governments create local gambling laws and prevent outsiders from entering the market.

As an operator I understand that, because most of these shady gambling platforms offer incredibly poor service, no transparency and allow minors gambling.

From tech perspective: gambling industry has many new interesting products such as fantasy sports and e-sports betting tournaments. There games have much more interesting gaming experience that classical casino games such as roulette. It seems like in the future we will have more advanced games and betting element.

It is believed that cryptocurrencies are digital gold. Sound money that is secure from political influence, money that promises to preserve and increase its value over time. Cryptocurrencies are also a fast and comfortable means of payment with a worldwide scope, and they are private and anonymous enough to serve as a means of payment for black markets and any other outlawed economic activity. Do you agree with this? How secure do you think is paying with cryptocurrency?

Tomas: It depends. As an industry insider, I can easily see that blockchain tech is just in its infant state. It’s not ready yet and still being under development. I think that it went viral slightly too early than it should.

So now it is NOT fast enough to fuel dapps at a large scale. It is not comfortable to use, crypto service payment infrastructure is not developed yet. It doesn’t provide the anonymity everyone thinks it has. And it is HEAVILY influenced by political environment.

However blockchain developers are addressing each issue and improving blockchains every day. Keep in mind that is incredibly complex programming challenge. My guess would be that after 2 – 3 years, we will have something more tangible which can have all benefits you mentioned.

Can this method of payment have huge effect on the gaming industry, either positive or negative?

Tomas: Yes, it gives incredible improvement on a service. Gambling operators tend to abuse payment methods to trick people into trapping their assets. Let’s say a player wins 10k USD. Most small operators would freeze their money and say something like “it might take 2 – 4 days to withdraw your money”.

Gladly with a cryptocurrency, we do not have this ‘2 – 4’ days’ withdrawal conditions for “some reasons”.

I would say now players will feel more secure depositing assets to an online casino.

What is your opinion about the perspectives the use of cryptocurrency can mean for the industry? What advantages would this bring to the industry?

Tomas: Most important: fast deposits/ withdrawal systems and casino transparency using ‘smart-contracts’.

If you could change anything in the world of gambling what would that be?

Tomas: Now gambling industry is living in some sort of a ‘shadow’; having incredibly negative outlook from environment, being blocked from banking services and marketing networks. Secondly gambling activities get tons of judgement from average citizens.

That’s pretty sad. I gamble from time to time, having no issues what’s so ever. That’s one of oldest forms of entertainment humankind enjoyed. Games combined with betting have existed since a start of human civilization. And it will not disappear.

I would love to change overall ‘image of a gambling’ industry into something more transparent, consumer orientated and capable of providing high quality entertainment products without being judged by environment.

Which were the most difficult periods in your career so far and what do you consider your biggest success and what are your future plans?

Tomas: Most difficult part was to program a scalable mass consumer product on a blockchain infrastructure. We launched our 1.0 version in 2018 Q1. As I mentioned before, today blockchain does not have the necessary functionality which we need to deliver our promise. During our journey, we had to make a ‘lot of work-arounds’ and compromises.

Gladly blockchain tech is improving allowing to move forward, even if that is just by small incremental steps.

I still laugh at other ICO promises and their ‘road-maps’. It seems like most newcomers have no idea at what state blockchain technology is and what problems it has.

If you want to meet Tomas in person or networking with the biggest names of the Sports betting, Casino, VR/AR, Marketing, eSports, DFS, Virtual Sports and Crypto industry, make sure you attend the Vienna International Gaming Expo.

Continue Reading
Advertisement




Stake.com

Latest News

Engage in an Enhanced iGaming Experience with iGATE at iGB L!VE 2024

Published

on

Reading Time: < 1 minute

iGATE, a rapidly expanding iGaming platform, specialising in white-label casino solutions focused on driving customer success, is set to showcase its cutting-edge casino platform at iGB L!VE 2024 from July 17-18, 2024, at the Amsterdam RAI Exhibition and Convention Centre.

iGATE’s solutions specialise in merging high-end artistry with innovative functionality designed to optimise the gaming experience and enhance player engagement.

iGB L!VE 2024 is an essential gathering of iGaming professionals to explore the latest developments and connect with industry leaders.

The event is celebrated for its comprehensive coverage of gaming innovation and strategy.
John Foster, Managing Director at iGATE, commented, “iGB L!VE 2024 is a mainstay in the iGaming industry and an exciting opportunity for iGATE to demonstrate how our solutions not only captivate but also retain players through superior design and technology. We look forward to engaging with our peers and revealing how our developments can benefit operators and players alike.”

iGB L!VE 2024 participants are welcome to meet the iGATE team at Stand 12-J60 to explore the sophistication and functionality of our gaming solutions in person.

Continue Reading

Affiliate Industry

Exciting Changes to the European Gaming Congress 2024: More Value for Operators & Affiliates!

Published

on

Exciting Changes to the European Gaming Congress 2024: More Value for Operators & Affiliates!
Reading Time: < 1 minute

 

HIPTHER is thrilled to announce a dynamic shift in focus for the upcoming European Gaming Congress (EGC) 2024, taking place in the vibrant city of Warsaw between 15-16 October! Our aim is to better serve our community of operators and affiliates by offering a richer, more diverse range of topics and panels.

While we will continue to provide critical insights with two compliance panels focused on Poland and the combined Nordic + D-A-CH regions, we are expanding our agenda to include exciting new topics that cater specifically to your interests and needs:

Esports: Exploring the rapidly growing world of competitive gaming and its integration with traditional gambling.

SEO: Strategies to optimize your online presence and drive more traffic to your platforms.

Marketing & PR: Innovative approaches to branding, customer engagement, and public relations in the gaming industry.

Fintech: Discovering the latest financial technologies transforming the gaming payment landscape.

Blockchain: Understanding how blockchain technology is revolutionizing transparency, security, and operations within gaming.

Special Offer: 30 Free Tickets for Affiliates and Operators!

To celebrate these exciting changes, we are offering 30 FREE TICKETS exclusively for affiliates and operators. This is your chance to gain invaluable knowledge, network with industry leaders, and stay ahead of the curve in the ever-evolving gaming landscape.

Don’t miss out! Secure your free ticket today and be part of the transformation at EGC 2024.

Claim Your Free Ticket Now: https://hipther.com/events/egc/freetickets-egc2024/

Join us in Warsaw for a groundbreaking event that promises to deliver unparalleled insights, innovative discussions, and exceptional networking opportunities. We look forward to welcoming you to the European Gaming Congress 2024!

Stay tuned for more updates and detailed agenda announcements.

Continue Reading

Baltics

MARE BALTICUM Gaming & TECH Summit 2024 Sparked GameTech Revolution and Unity Across the Baltics and Nordics

Published

on

MARE BALTICUM Gaming & TECH Summit 2024 Sparked GameTech Revolution and Unity Across the Baltics and Nordics
Reading Time: 3 minutes

 

HIPTHER, leading conference organizer for Gaming and Technology industries in Europe, is thrilled to announce the completion of a revolutionary 2024 edition for their successful MARE BALTICUM Gaming & TECH Summit series.

The #hipthers brought together in Tallinn some of the best companies and most distinguished experts across iGaming, Technology and Compliance industries between 3-5 June, offering a premium experience of growth and connectivity to local and international professionals.

Relive the Moments – MBGTS 2024 Photo Album

 

From the Baltic and Nordic Standards to the World: iGaming & Compliance Updates

Day 1 of the Summit was brimming with Compliance updates and insights from panels focusing both on the local standards, as well as keeping up with global compliance trends. Renowned experts debated the the complexities and nuances of the iGaming regulatory landscape in the Baltics and Nordics, offered a concise overview of the complex regulatory frameworks in Serbia, the USA, Spain, Germany, and Estonia, and provided Insights into Market Dynamics, Trends, and Sports Betting Evolution in the Nordic iGaming Landscape.

Furthermore, delegates had the precious opportunity to attend an IMGL Masterclass about Navigating MiCA, EU AI Act, and DSA in the Digital Age.

 

Exploring Fintech, Blockchain, and the Potential of DAOs in the Gaming Industry

The Summit offered valuable insights on the evolution of financial institutions, exploring the integration of fintech and blockchain and the challenges and opportunities it brings.

Our experts introduced the concept of Decentralized Autonomous Organizations (DAOs) and how they are emerging as a transformative force in the gaming industry, offering new possibilities for community-driven game development, player-owned economies, and transparent governance.

 

Exploring Digital Engagement: Esports Dynamics, Gamification, Mobile Innovation, AI and Web3

True to its title of Gaming & TECH, the conference delved deep into all matters Tech, ranging from Gaming and the global challenges and opportunities within the eSports industry, the strategic integration of gamification to boost player retention and loyalty in the iGaming sector, and the Digital Services Act and AI EU Act for businesses, to the Integration of Blockchain and Web3 Across Industries.

A specially designed Workshop on Baltic Compliance in Web3, Fintech, and Blockchain offered  a deep dive into Estonia, Latvia, and Lithuania’s regulatory frameworks, featuring interactive discussions and case studies.

 

The Power of Communication: Marketing & Organizational Culture Sessions

The MARE BALTICUM Summit speakers offered insights and ample food for thought for all aspects of Marketing in GameTech, starting from the power collab between SEO and Affiliate Marketing Websites, and highlighting the crossroads between B2B and B2C on the path to commercial success.

Honouring the commitment to offering valuable knowledge across the spectrum of GameTech operations, HIPTHER innovates by adding the matter of Organizational Culture in the industry’s Conference Agenda under the guidance of expert Organizational Culture Designers.

 

Connecting People in the 21st Century: MARE BALTICUM Networking Sessions

The magical MARE BALTICUM Experience kicked off with a relaxing Welcome Meet in the lavish environment of the Olympic Park Casino on 3 June.

Wellness and balanced nutrition are always a staple at HIPTHER conferences, and this time the Team upped the Game by adding a special Morning Yoga & Mindful Breathing Session from a certified yoga instructor, to open Day 1 with tranquility and focus. The “traditional” Morning Networking Run opened Day 2 on 5 June, also celebrating the Global Running Day 2024!

Delicious vegan meals, snacks, and coffee nourished attendees and promoted networking and bonding over new taste experiences across the lunch and coffee breaks.

Two electrifying networking parties, the Baltic & Scandinavian Gaming (BSG) Awards Ceremony Party featuring an exciting karaoke stage, and the Closing Party, offering a Private Concert, Pizza and Drinks, brought people together and ensured a fun, social, and successful experience for all!

 

The Future of Gaming & Technology: MARE BALTICUM 2025 and European Gaming Congress

The popular MARE BALTICUM Gaming & TECH Series travels and honours the Baltic States, and  will return next year in Vilnius! Stay tuned to HIPTHER Channels for updates!

In the meantime, HIPTHER prepares a new All-Gaming Conference Experience and invites you to the European Gaming Congress (EGC) 2024 in Warsaw on 15-16 October, to discuss and connect over Gambling Industry Compliance, iGaming Innovation, Marketing (Communication, Affiliate, SEO), Organizational Culture, and the Evolution of Fintech and Blockchain.

Secure your Early Bird EGC Tickets Until July 10

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Advertisement
Stake.com
Advertisement

Trending (Top 7)

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.