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Paf partners with Colossus to launch world’s biggest jackpots

Niji Narayan

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Paf partners with Colossus to launch world’s biggest jackpots
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Paf, the top-notch responsible gaming company in the Nordic region, launched a new online Jackpot Pools product in partnership with Colossus Bets, which the company claims is the world’s biggest jackpots. The new product has the full Colossus sports features lotto-sized jackpots, Cash Out, Syndicates “crowdbetting” and FreePlay functionality.

Kim Johansson the Chief Gaming Officer of Paf, said: “Jackpot Pools complement our current offering with a ‘low stakes for big prizes’ proposition that fits perfectly with our responsible gaming ethos and creates a bridge between our lotteries and betting products. The modern Cash Out element and generous consolation prizes mean players can win even when they have not succeeded with all their selections, while Syndicates is a social way for our players to play pools and maximise their chances at the big jackpots. We expect our Nordic audience to embrace the new product and with the new football season ramping up, the first big Paf Jackpot Pools winners should only be around the corner.”

Colossus Bets’ Chief Commercial Officer, Eva Karagianni-Goel, commented, “We are excited to welcome Paf to the Colossus network, especially as a partner with whom we share the same operating values. The partnership strengthens Colossus’ presence in the strategically significant Nordic market, where pools betting has historically had a particularly strong appeal, while it provides Paf with a modern proposition to engage their local audience.”

 

Source: Paf

Niji Narayan 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. He reports gaming industry headlines from all around the globe.

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Cryptocurrency

33 Cryptocurrencies Described In Four Words Or Less – INFOGRAPHIC

George Miller

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33 Cryptocurrencies Described In Four Words Or Less - INFOGRAPHIC
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A cryptocurrency in the simplest of words can be defined as the digital money which can be used to purchase goods and services. Unlike the traditional ones the major difference with the cryptocurrencies is the values of most are not fixed. This makes as an asset for investment where the investors buy cryptos at low price and sell them when its price increases.

To make it more simple Cryptocurrencies is basically a combination of two words Crypto and currency, which means a cryptographically encrypted currency. All the crypto transactions are recorded in a public ledger called blockchain. Blockchain technology has many uses amongst which recording the transactions is one such use.

Bitcoin was the first cryptocurrency created and following its release a number of other cryptocurrencies have come, each having a different use. All these cryptocurrencies which followed bitcoin are termed as Altcoins. The crypto world has some important terms associated with it. Let us understand what they are.

Cryptocurrencies are encrypted what really means is these cryptos are reliable and secure. Encryption actually means to convert a meaningful data into a code which is complex to understand and decrypt it. Encryption acts as the backbone to cryptocurrencies. For a normal data to be encrypted a same key is used to encrypt and decrypt. But for cryptocurrencies two keys are used which are mathematically linked to each other.One is used for encryption and the other is used for decrypt which makes cryptos more secure.

A decentralized system is the core concept of cryptocurrency. This can be understood well by the bank function, which are governed by a regulating body to control all the funds. Failure of the governing body collapses the whole banking system. Therefore cryptocurrency developers believe in a strong need of a decentralized system. The system works on a set of predefined mathematical laws.

Today, cryptocurrency is accepted widely across the world in different fields and is mostly accepted by Bitcoin casinos in the online gambling industry. We have an interesting infographic on – 33 Cryptocurrencies described in four words or less, and this infographic was created by our friends at Mrbtc.org. Checkout the following infographic and share your thoughts on it.

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Industry News

888 Holdings appoints Naama Kushnir as COO

Niji Narayan

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888 Holdings appoints Naama Kushnir as COO
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888 Holdings has appointed its Senior Vice President (SVP) and Head of Human Resources, Naama Kushnir, as the Chief Operating Officer (COO) of the company.

Kushnir has been with the company for 11 years, and had previously worked in human resources at Herbert Smith Freehills, the global law firm.

She will be reporting directly to 888 Holdings’ CEO, Itai Pazner, and will work alongside the company’s other SVP’s to deliver its growth strategy, which focuses on expanding in global, regulated markets through production innovation, organic growth and value-enhancing M&As.

Speaking about her promotion, Kushnir said: “I am hugely excited to be taking on this new role in 888’s Operational Management team. The group has made some exciting recent acquisitions, including adding a sportsbook to its proprietary technology stack for the first time.”

While Pazner added: “Naama is a highly skilled, respected and experienced operator and I have every confidence that – alongside the rest of the Operational Management team – she will continue to drive 888’s growth and promote our company culture, vision and values in her new role.”

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Compliance Updates

Swedish regulator slaps penalty on Paf and Genesis Global

Niji Narayan

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Swedish regulator slaps penalty on Paf and Genesis Global
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Spelinspektionen, the gaming regulator of Sweden, has fined gaming companies Genesis Global Limited and Paf Consulting Corporation for their failure as per the new gaming act in the country, which became effective from 1 January 2019, all gaming companies with a Swedish license should join the self-shutdown registry.

The first few days after the launch, the Gaming Inspector was contacted by people who had been able to play even though they had shut down in the register. The Gaming Inspectorate, which provides Spelpaus.se, then initiated supervision. Now, the Gaming Inspectorate has decided on a penalty fee for the license holders Genesis Global Limited and Paf Consulting Corporation: Genesis receives a warning and a penalty fee of SEK 4,000,000. Paf receives a remark and a penalty fee of SEK 100,000.

Genesis provides games on the sites casinojoy.com, spel.com, casinocruise.com, spinit.com, sloty.com, vegashero, com, pelaa.com and casinogods.com Paf provides games on the websites paf.com and paf.se.

Those who join Spelpaus turn off from all licensed games in Sweden that require registration. In addition, gaming companies must not send direct mail to those who have turned off.

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