Connect with us
Get exclusive access to the iGaming Trends Report 2025 for free – a data-driven analysis designed to give forward-thinking leaders the insights needed to stay ahead.

Industry News

Blockchain-powered platform aims to disrupt the gambling industry

Published

on

Blockchain-powered platform aims to disrupt the gambling industry
Reading Time: 3 minutes

VIABET is poised to completely transform the online gambling industry as the blockchain-based, cloud betting platform allows players to operate their own casinos and reap the rewards. Investors can enjoy a massive 40% discount during the VIABET token pre-sale that is currently underway.

 

Gambling has long been a profitable enterprise as can be seen by the success of cities like Las Vegas and Atlantic City. Even governments participate in gambling by offering lotteries and scratch-off tickets. Now gambling is even bigger (as well as easier) by going online.

The current value of the online gambling industry is a staggering $50 billion, and this number is expected to increase to $56 billion in 2018. However, only a mere 5% of online gambling is attributed to cryptocurrency gambling. This is an incredibly massive opportunity as 95% of the fiat market is up for grabs. VIABET aims to gobble up this market share by introducing blockchain-based cloud betting where players can create and operate their own casino games.

Viabet offers solutions for lingering online gambling problems

There are a number of issues impacting online gambling at the moment. The biggest one is trust as players cannot see the other players or the house as they’re sitting alone at home. Another trust issue is that players cannot see the underlying game mechanics and random number generating system to ensure that everything is on the up and up.

VIABET solves these issues by bringing transparency and provable fairness to online betting that can be seen by everybody via the blockchain. VIABET is the future of online gambling as it’s based on the core concepts of decentralized gambling, a 0% gambling edge, and provable fairness, which will cause players to flock to the platform.

VIABET is a technological launching pad that allows players to not only actively take part in online gambling through blockchain-based cloud betting, but to also actually become the house and host their own casino games. From roulette to poker to dice games, players can set up their own virtual casino and enjoy house odds as other players bet against them. No other online gambling platform offers anything remotely similar to what VIABET is bringing to the table.

The basics of VIABET

The nuts and bolts of how VIABET operates is extremely easy. The decentralized, online gambling platform uses a double token system. VIA tokens are used for normal gameplay and betting, and these tokens can be purchased during the current ICO pre-sale. Edge tokens are the second platform token, and players can only earn these by playing games that are hosted by VIABET or other players. Players can then use Edge tokens to launch their own games (and even set up their own rules), and these Edge tokens are then deducted as the player operates their own virtual casino. When the player runs out of Edge tokens, they can gain more by just playing against a casino house.

The development team at VIABET says: “VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. Similar to the way Ethereum created a world running on DApps, VIABET aims to create a transparent and incentivized platform which proves itself to the world by remapping the online gambling industry. The platform is powered by an Ethereum-based ERC20 protocol token called VIA (XVIA) guaranteeing absolute casino transparency.

VIABET ICO

VIABET is offering 49 million VIA tokens in total during their ICO, but only 9.8 million are available during the pre-sale, which is underway and lasts through November 21st. However, demand is sure to be high as there is a cap of 7000 ETH during the pre-sale, which means that tokens are likely to sell out before the deadline. Early bird investors can take advantage of the 40% bonus that’s being offered during the pre-sale.

The remainder of the VIA tokens will be offered during the VIABET ICO, which will begin on December 11th. Investors can also earn discounts during the various rounds of the ICO, and these discounts are:

  • 20% for Round 1 (starts on December 11th)
  • 15% for Round 2 (starts on December 18th)
  • 10% for Round 3 (starts on December 25th)
  • 0% for Round 4 (lasts from December 31st, 2017 through January 7th, 2018)

Online gambling is huge, and it’s only going to get bigger. VIABET is primed to become the 800-pound gorilla of online gambling by understanding that the blockchain is the future of online gambling. It offers a decentralized, blockchain-based cloud betting platform that allows for complete transparency and provable fairness, which solves the problems facing online gambling today. VIABET is utterly unique in that the platform fully allows players to operate as their own casino, with the games of their own choosing, and enjoy the benefits of house odds. Overall, VIABET is poised to take full advantage of the vast 95% market share of online gambling that cryptocurrency gambling has not tapped into yet.

Continue Reading
Advertisement

Industry News

LiveScore Group Announces Internal Restructuring as Part of Sustainable Growth Strategy

Published

on

Reading Time: < 1 minute

 

LiveScore Group has announced an internal restructuring process, expected to impact more than 100 existing roles across multiple business locations, including London.

The changes are seen as a difficult yet important step for LiveScore Group, streamlining the business to create improved structures and a pathway to long-term sustainable growth. All impacted employees have been informed and are now subject to a confidential consultation process.

Sam Sadi, CEO of LiveScore Group, said: “On behalf of all Directors of LiveScore Group, and the relevant subsidiary companies, we are saddened by the difficult decision to commence an internal restructure of the business, a process which impacts a significant number of our people.

“Whilst we celebrate our recent period of significant and exciting growth, we must now future-proof the organisation and ensure our internal structures allow us to achieve long-term and sustainable success.

“This is a hard time for all our people, as we say goodbye to colleagues who have played an important role in our journey across recent years.”

The announcement follows on from the recent news that LiveScore Malta Limited (part of LiveScore Group) is to withdraw its LiveScore Bet brand from the Netherlands following recent government tax increases in the market. The announcement includes those impacted by this. There will be no other customer impact in respect of any of the remaining LiveScore, LiveScore Bet or Virgin Bet sites globally.

Continue Reading

Industry News

Pronet Gaming Appoints Alex Karaoulis as its New Commercial & Product Strategy Lead

Published

on

Reading Time: 2 minutes

 

Pronet Gaming, an award-winning platform provider of full turnkey solutions, announced the appointment of Alexandros Karaoulis as its new Commercial & Product Strategy Lead.

With over 14 years of experience in the iGaming industry, Karaoulis brings a wealth of knowledge and expertise that will be instrumental in driving the company’s strategic initiatives forward.

Throughout his iGaming career, Karaoulis has held various senior roles with B2B sportsbook and casino providers, as well as with B2C operators. His extensive background in marketing and sales within the iGaming sector positions him as a true industry expert, ensuring that Pronet Gaming remains at the forefront of innovation in a rapidly evolving market.

“I am thrilled to join Pronet Gaming and excited to fulfill my role in developing and executing sales strategies to drive the company’s revenue growth in key markets,” Karaoulis said.

With a track record in commercial strategies and driving product excellence, Karaoulis’ appointment is invaluable as Pronet Gaming now seeks to expand its footprint to Asia. His vision and deep understanding of the iGaming landscape equip him to navigate the unique challenges and opportunities that the dynamic region presents.

“I want Pronet Gaming to lead the iGaming revolution by providing innovative, culturally tailored solutions that cater to the diverse and rapidly growing demands of the region. Through strategic partnerships, cutting-edge technology, and a deep understanding of local markets, we aim to empower operators to offer world-class gaming experiences that engage players and drive sustainable growth,” he added.

According to Karaoulis, Pronet Gaming is poised to make a splash in Asia by leveraging its advanced technology, flexible platform solutions and deep market expertise while adapting to the unique characteristics of the region.

“The key differentiation point of Pronet Gaming is that we have B2C experience, which greatly aids in understanding the needs of operators and helping them to improve and execute their strategy according to the market. I have worked in B2C roles for more than seven years in my iGaming Career and managed campaigns across various channels, optimised conversion funnels, and learned to use data to improve player acquisition and retention,” said Karaoulis.

Karaoulis acknowledges that the marketing skills he has acquired from B2C experience are valuable in every B2B environment. As he dives into his new role at Pronet Gaming, Karaoulis aims to guide his operator clients on how to better market their own sites, including providing them with advice on effective acquisition strategies, content marketing and campaign structures that appeal to iGaming audiences.

“I also focus heavily on engagement strategies, loyalty programs, bonuses, and personalised offers to keep players active and returning. In my new B2B role, I will advise clients on best practices for player engagement, helping them adopt effective loyalty programs, personalised marketing, and retention tactics that drive player lifetime value to improve the end-player experience for our clients’ sites,” Karaoulis added.

Continue Reading

Industry News

Vbet Wins Best Online Casino Operator 2024 at SiGMA Europe 2024

Published

on

Reading Time: < 1 minute

 

Vbet has been crowned the Best Online Casino Operator 2024 at the highly coveted SiGMA Europe event, cementing its position as a leader in the online gaming industry.

This achievement highlights Vbet’s commitment to providing an exceptional user experience by combining cutting-edge technology with a vast range of options and a secure process. The dedication to creating a responsible, enjoyable environment for players was recognised with this award, making this accolade even more significant. As Vbet continue to expand into new markets, the list of strategic partnerships grows alongside our constant drive to expand its offering. This award serves as a stepping stone on its path to reach more players and set new standards in the industry.

Arman Khachatryan, VBET’s Managing Director, said: “We are incredibly proud to receive the Best Online Casino Operator award at SiGMA Europe 2024. This recognition is a testament to the hard work, passion, and effort of our entire team. Our mission has always been to deliver the highest quality experience in the safest environment possible to our users. This award not only recognizes our dedication to this mission but also motivates us to continue expanding into new markets and territories.”

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

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

Trending (Top 7)

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.