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The Coingaming Group makes pioneering switch to bits (µ฿) betting unit

George Miller

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Coingaming Group makes pioneering switch to bits (µ฿) betting unit
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Wednesday 10th May – The Coingaming Group, operator of leading bitcoin-led iGaming brands Bitcasino.io and Sportsbet.io, has switched its betting unit from millibitcoins (m฿) to microbitcoins (µ฿), also known as ‘bits’.

The industry-first move comes as the group looks to make its gaming and betting units more accessible after the continuous rise in the value of Bitcoin.

In keeping with Coingaming’s ‘fun, fast & fair’ mantra, customers will now be able to play and bet more across the group’s vast selection of casino games and sports events with the same bankroll as before, but visually 1,000 times bigger, allowing for smaller betting units.

After the successful relaunches of the Bitcasino.io and Sportsbet.io brands last year, this move continues the company’s customer-centric, proactive approach, ensuring players have an enjoyable experience on all of its sites.

Tim Heath, CEO of the Coingaming Group, said: “With Bitcoin now well and truly in the mainstream, and its price continuing to surge, we wanted to ensure all games and sports events were accessible to all types of customer. Reducing our gaming unit to bits (µ฿) is the ideal way of doing so and keeps the user at the centre of our universe.

Our customers can now play and bet more for the same money, and we expect this to encourage even more users to sign up to the leading Bitcoin casino and sportsbook, while also providing existing loyal players with greater flexibility and potential play time.

Alongside the introduction of bits betting, the Coingaming Group is also offering exclusive bonuses and rewards under very generous conditions, giving something back to its expanding growing customer base, while also raising awareness of the pioneering betting proposition.

 

About the Coingaming Group

The Coingaming Group is a leading operator of iGaming brands, including the Bitcoin-focused casino Bitcasino.io and sportsbook Sportsbet.io as well as a dedicated eSports betting brand Bets.io and a slots-focused online casino Slots.io.

With offices in Estonia, Ukraine, Spain, UK, Brazil and Malaysia, the group employs more than 190 staff. For more information, please visit: http://www.coingaming.io/.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Penn National Gaming to launch sports betting at Hollywood Casino

Niji Ng

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Penn National Gaming to launch sports betting at Hollywood Casino
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Penn National Gaming, a Pennsylvania-based casino operator, is going to launch sports betting at Hollywood Casino at Charles Town Races from September 1. William Hill USA will manage the company’s sports book.

Timothy J. Wilmott, Chief Executive Officer, said: “Penn National is excited to soon begin offering sports wagering for our customers in West Virginia. The enthusiasm around sports betting has been growing since the federal ban was repealed in May, and we look forward to providing our patrons with another great amenity to enjoy at Hollywood Casino at Charles Town Races.”

Penn National plans to offer a state-of-the-art sports betting experience at Hollywood Casino at Charles Town Races. The Company has been actively developing a new sports book conveniently located near the Skybox Sports Bar, installing new walls and adding dozens of new televisions for customers to enjoy sports action from across the country and around the world.

 “Our customers can’t wait to begin wagering on sports,” said Scott Saunders, General Manager at Hollywood Casino at Charles Town Races. “This region is a hotbed of both professional sports and college athletics, and we look forward to becoming a destination for fans in West Virginia, Virginia, Maryland, and Washington, DC.”

 

About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. At June 30, 2018, the Company operated twenty-eight facilities in sixteen jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada. At June 30, 2018, in aggregate, Penn National Gaming operated approximately 34,100 gaming machines, 770 table games and 4,800 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division.

About William Hill
William Hill PLC is one of the world’s leading betting and gaming companies, employing over 16,000 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its $2.1 billion annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, which is now the largest sports betting business in the USA. William Hill US currently operates 107 race and sports books in Nevada and the state’s leading mobile sports betting app. Following the ruling in May 2018 by the Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, the company is planning to operate where permitted by law throughout America. William Hill US is already operating in New Jersey at Monmouth Park Racetrack and Ocean Resort Casino and is the exclusive risk manager for the sports lottery in Delaware. William Hill also has licensed operations in The Bahamas, Italy and Spain and serves online customers throughout the world from its Online headquarters in Gibraltar.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected impact of sports betting on the Company’s operations. These statements can be identified by the use of forward looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “seeks,” “may,” “will,” “should” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business, there can be no assurance that actual results will not differ materially from our expectations. Meaningful factors that could cause actual results to differ from expectations include, but are not limited to, risks related to entering into a new line of business, including our ability to establish and maintain relationships with key partners or vendors and to generate sufficient returns on investment, as well as risks relating to potential legislation in various jurisdictions, and other factors as discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the United States Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.

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Compliance Updates

Novomatic obtains Granada license

Niji Ng

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Novomatic obtains Granada license
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Novomatic, the Austria-based international gambling company, has obtained casino license in Granada, Spain. The license will allow the company to operate a casino for the next 15 years.

The new casino is expected to generate 200 new direct jobs and. The authorities are happy to co-operate with the new project as the new facilities will be integrated into the tourist complex of Monachil, which already has a hotel with spaces for events and celebrations, sports areas and restaurants.

The location (the municipality of Monachil in Sierra Nevada – a mountain range in the province of Granada) will contribute to the promotion of tourism in the area, which was one of the key requirements in the bidding process.

 

Source: intergameonline.com

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Latest News

Marathonbet signs sponsorship deal with Lazio

Niji Ng

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Marathonbet signs sponsorship deal with Lazio
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Marathonbet, a UK-based bookmaker, has signed a shirt sponsorship deal with Italian Serie A football club Lazio. This is interesting because the Italian government has recently passed a law that bans all forms of gambling advertisements.

The agreement between the bookmaker and the Rome-based club is a short-term deal that is valid only till the end of 2018. The gambling ad ban law will come into effect on 1 January 2019.

Marathonbet branding will appear on Lazio players’ shirts, as well as on various LED advertising screens inside the team’s Stadio Olimpico home stadium.

In an announcement on its website confirming the deal, Lazio said the agreement is in “compliance with current regulations.”

New laws will ban gambling ads on sports jerseys from 30 June 2019, and while other regulations will come into effect from the start of the year, operators will have until the end of June to ensure they are complying with the new laws.

Natalia Zavodnik, chief executive of Marathonbet, said: “Working with a club with such an illustrious history as that of Lazio emphasises our intention to continue our growth in the Italian market and beyond, and we cannot wait to see the club’s path, both nationally and in Europe, this season.”

Italy’s decision to ban gambling adverts has attracted a negative response from various areas of the industry. The European Gaming and Betting Association branded the ban as “counterproductive”, while Paddy Power Betfair CEO Peter Jackson said the new system will be “very restrictive.”

 

Source: igamingbusiness.com

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