Connect with us

Conferences in Europe

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

Zoltan Tundik

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.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

Continue Reading
Advertisement
Comments

Conferences in Europe

Dr. Alexandra Körner (MME Legal), Matevž Mazij (ORYX Gaming), Bogdan Coman (Rombet) are the latest announced names at EGC2018

Zoltan Tundik

Published

on

Reading Time: 3 minutes

 

European Gaming Congress 2018 will take place at Grand Union Hotel Ljubljana on the 16th of October and is a must attend event for European operators who are actively involved with regulated and non-regulated markets in Europe and the Balkans.

You can Register here or View the Agenda

With less than 5 days left until the inaugural conference opens its doors, we are honored to reveal 3 more expert profiles who will be present among the speakers this year.

Dr. Alexandra Körner (MME Legal) is set to join the »DACH Regional Update (Austria, Germany, Switzerland)« panel discussion and will give a glimpse on the status of the industry in Switzerland. The panel will be joined by experts Helmut Kafka (Automatenverband), Dr. Raffaela Zillner, LL.M. (Austrian Association for Betting and Gambling (OVWG) and Martin Arendts (ARENDTS ANWÄLTE). The panel discussion will be driven by the one and only, Dr. Joerg Hofmann (MELCHERS Law).

About Dr. Alexandra Körner
Dr. Alexandra Körner is specialized in compliance and regulatory matters in the field of Swiss Gaming Law. Furthermore, she renders advice and represents domestic and international clients in Corporate Law and Contract Drafting. She represents the interests of her clients in state courts, primarily in the fields of the Swiss Code of Obligations, especially Corporate Law and Business Law as well as Insurance and Liability Law. In addition, she published many articles in her specialized practice areas.

 

Matevž Mazij (ORYX Gaming) will join the »Focus on Slovenia and Croatia« panel discussion, along with experts Dimitrij Piciga (Diogen), Hrvoje Vincetic (Casino Adriatic) and Borut Lozej (GameArt). The panel discussion will be driven by Jaka Repansek (Republis).

About Matevž Mazij

Matevž Mazij, the CEO of ORYX Gaming, is a business development and IT professional, with 15+ years experience in the iGaming industry. He has an outstanding track record in all aspects of business development from partner identification through closing and establishing joint collaborations, co-marketing and IP relationships. He has built successful business relationships throughout Asia, Europe, Central America and North America.

 

Starting 2018, the organizers have started implementing fireside chats into the agenda and European Gaming Congress will also benefit of such format. The »Horus Session – Responsible Gambling, AML / CFT / KYC« will be a fireside chat between experts Dr. Manfred Galdes (ARQ Group) and Bogdan Coman (Rombet).

About Bogdan Coman

Bogdan Coman is the Executive Director of ROMBET and has a rich activity in the gambling industry, which he joined once graduation from the Bucharest Academy of Economic Studies, Bogdan Coman contributes to the good work of the Rombet Association through the experience of planning and organizing activities in the field of gambling. He built national projects, led complex teams, and was responsible for meeting performance indicators in the companies he worked for or collaborated with.

 

Make sure you register your seat in time to benefit from a great line-up of speakers and quality networking opportunities!

Full details about the event can be found on the official event website: www.europeangamingcongress.com

Register here!

Continue Reading

Conferences in Europe

GamblingCompliance experts Donata Szabo and Joe Ewens announced as moderators for two important panels at EGC2018

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

There is less than a week to go until the inaugural edition of European Gaming Congress (EGC) kicks off in Ljubljana and based on the quality of the attending companies, the event is building up to be of a great success.

As stated in earlier press releases, European Gaming Congress is designed to bring together industry experts, regulators, operators and service providers to discuss key issues facing markets when working with compliance updates and licensing and will take place at Grand Union Hotel Ljubljana on the 16th of October.

You can Register here or View the Agenda

We are honored to present you the profiles of two expert moderators who will take on the roles of driving the discussion for two interesting panels at the event.

Donata Szabo, Junior Legal and Research Manager at GamblingCompliance will take on the mission to create an educational and interactive session by moderating the `Highlighting the Balkans` which will be joined by experts such as Zoran Puhač (European Organization for Gaming Law -EOGL), Tatjana Scepanovic (Montenegro Bet), Zlatan Omerspahic (NSoft) and Luka Popović (BDK Advokati)

Donata is a legal analyst for GamblingCompliance and specialises in legal and regulatory developments across Europe and Israel. She also currently manages the Responsible Gambling Portal. She graduated first in her year from the LLB and holds an LLM from the University of Cambridge. She also completed the Bar Professional Training Course (BPTC) and was called to the Bar in July 2016. Donata has previous experience in human rights and international law. She previously worked at the European Parliament, the University of Cambridge and Israeli NGO Movement for Quality Government.

Joe Ewens, Managing Editor at GamblingCompliance, will have the role to create an atmosphere among the speakers of the `Market updates from Mediterranean Europe` panel discussion. The education session will be joined by leading experts of the industry Quirino Mancini (Tonucci & Partners), Olga Finkel (WH Partners), Eduardo Morales-Hermo (iGamingCo & Ficom Leisure) and Martin Stofler (OSM Solutions).

Joe Ewens is the Managing Editor of GamblingCompliance, where he oversees the company’s daily output of news and analysis on the global gambling market and its constantly shifting regulatory challenges.

Make sure you register your seat in time to benefit from a great line-up of speakers and quality networking opportunities!

Full details about the event can be found on the official event website:

Register here!

Continue Reading

Conferences in Europe

ORYX Gaming announced as General Sponsor for the inaugural European Gaming Congress (EGC2018)

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

European Gaming Congress is designed to bring together industry experts, regulators, operators and service providers to discuss key issues facing markets when working with compliance updates and licensing.

The event also offers multiple networking opportunities to help introduce delegates to some of the most influential faces of the European gambling industry.

This year’s agenda provides a chance for attending delegates to dive into regulatory updates from Italy, Malta, Slovenia, Austria, Germany, Spain, France, Greece and many more jurisdictions. We look forward to seeing you in Ljubljana for a full day of quality content and networking.

European Gaming Congress will take place at Grand Union Hotel Ljubljana on the 16th of October and is a must attend event for European operators who are actively involved with regulated and non-regulated markets in Europe and the Balkans

You can Register here or View the Agenda

We are honored to announce the support of ORYX Gaming as General Sponsor, a leading turnkey solutions provider offering unrivalled software solutions, services and content for the iGaming industry. ORYX products include an iGaming Platform, Casino and Slot content, Live Dealer, Sportsbook and Lottery solutions.

Make sure you register your seat in time to benefit from a great line-up of speakers and quality networking opportunities!

Full details about the event can be found on the official event website:

Register here!

 

About ORYX Gaming:

ORYX Gaming is a leading turnkey solutions provider offering unrivalled software, services and content for the iGaming industry. ORYX products include an iGaming Platform, Casino and Slot content, Live Dealer, Sportsbook and Lottery solutions.

ORYX’s Aggregator platform features a mix of proprietary and 3rd party games, created and developed by ORYX and other standout games studios, as well as over 6,000 aggregated world-class titles.

With powerful Player management, Payments, CRM and Business Intelligence tools, ORYX’s iGaming Platform is fully compliant with the major regulated gaming jurisdictions.

ORYX Gaming has a proven track record of innovation in product development, a high level of technical knowledge and a growing list of tier 1 customers.

For more details, visit: www.oryxgaming.com

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

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