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FunFair-Changelly partnership allows for Bitcoin payments

George Miller

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FunFair-Changelly partnership allows for Bitcoin payments
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Integration will host five cryptocurrency swaps at launch

FunFair, the leading Isle of Man-licensed blockchain gaming platform, has gone live with cryptocurrency exchange Changelly to deliver numerous new cryptocurrency payment options.

As part of its mission to bring blockchain gaming to the masses, FunFair has integrated Changelly’s exchange API into its recently launched FunFair Wallet to allow players to swap various cryptocurrencies for its gambling token, FUN.

Registered players will now be able to bring the likes of Bitcoin, Tron and Litecoin to one of its partner casinos, CasinoFair and CryptoCasino, and trade for FUN without leaving the platform or needing third-party exchange accounts.

This will further improve the customer journey, significantly reducing friction between sign-up and gameplay, while opening up FunFair-powered casinos to gamblers who may not hold FUN but want to experience the first-class gaming experience that the platform delivers.

With five cryptocurrency funding options at launch and more to come after, as well as strong liquidity and instant transactions, Changelly’s innovative exchange API has been chosen to deliver the seamless experience that FunFair strives for.

Fred Kessler, CPO at FunFair Technologies Europe Ltd: “Integrating Changelly’s user-friendly exchange will open up our platform to a vast new audience of crypto-holders and allow for a far superior onboarding journey.

“To date, players must own FUN to play, but this new partnership of choice will allow for holders of the likes of Bitcoin to experience the best in blockchain gaming without the added hurdle of heading off-site to use a crypto exchange.”

Eric Benz, CEO at Changelly: “Funfair is a project I have been following for the past couple years and the team behind it is one of the best from both the gaming and crypto industries.

“I look forward to the integration of the Changelly API as this will benefit both customers and the partner companies who will utilise the FunFair Wallet.”

Following the launch of FunFair’s ‘any browser, any device’ wallet and second-gen platform, the added integration of Changelly’s exchange will confirm the supplier’s position as the most user-friendly blockchain casino platform around.

 

Industry News

Marathonbet Becomes Training Kit Partner of Manchester City

Niji Narayan

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Marathonbet Becomes Training Kit Partner of Manchester City
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Marathonbet has become the first training kit partner of the Manchester City Football Club. The new partnership builds on eighteen months of Marathonbet as the Club’s Official Global Betting Partner. Marathonbet branding will be added to the training kits of City’s men’s and women’s senior teams.

The partnership was launched at the City Football Academy as City players Sergio Aguero, Bernardo Silva, Gemma Bonner and Megan Campbell joined Pep Guardiola to unveil the new kit branding.

“Launching our first training kit partner is a significant moment for Manchester City and we are delighted to be doing this with our existing partner, Marathonbet. The last eighteen months of partnership have been extremely positive for both organisations and we are pleased to recognise this success by expanding our relationship together,” Omar Berrada, COO of Manchester City said.

“It’s been a privilege to be alongside Manchester City as their Official Betting Partner during one of the most exciting chapters in the club’s recent history. We have been offering fans around the world the chance to benefit from our unique giveaways, competitions and once-in-a-lifetime opportunities, and we are delighted to be strengthening our partnership today as Marathonbet also becomes the club’s first ever Official Training Kit Partner,” Natalia Zavodnik, CEO of Marathonbet said.

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Industry News

France’s Francaise des Jeux Casts an Eye on UK Lottery

Niji Narayan

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France’s Francaise des Jeux Casts an Eye on UK Lottery
Photo Source: tellerreport.com
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Francaise des Jeux (FDJ), the operator of France’s national lottery games, is going to participate in the auction for the UK National Lottery license. FDJ has already cast an eye over the UK’s National Lottery.

As per the reports, FDJ has held talks with Rothschild, the investment bank responsible for seeking a successor to Camelot, the lottery operator.

The privatisation of FDJ was the biggest stock market flotation for years and it is no coincidence that French president Emmanuel Macron was a senior executive with Rothschild before entering politics. He is selling off a number of state-owned companies to raise money. The FDJ float gave him €1.8bn. The French Government is retaining a 50% stake in the company.

The UK’s Gambling Commission is using Rothschild to run the National Lottery license auction. When the formalities are concluded early next year, the new licensee will run the lottery on a monopoly basis for up to 10 years.

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Gambling in the USA

Mohegan Gaming Reports Q4 Fiscal 2019 Results

Niji Narayan

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Mohegan Gaming Reports Q4 Fiscal 2019 Results
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Mohegan Gaming & Entertainment (MGE) has released the operating results for its fourth fiscal quarter ended September 30, 2019. During the three-month period, net revenues totalled US$414 m, a 19.2% rise from US$347.2 m in 2018.

Mohegan’s income from operations in Q4 was US$15.7 m, a 77.4% decline from the US$69.6 m that it had posted in 2018. This was primarily driven by an impairment charge at Mohegan Sun Pocono.

AEBITDA of US$89.4 m was a 5.4% decrease from the US$94.5 m in the prior year. Consolidated net revenues were up 19.2%, driven by the positive contribution of the Niagara resorts and continued outperformance from non-gaming revenue growth.

“MGE had a remarkable fiscal fourth quarter given the inclusion of two new competitors in our primary northeast market in the last 15 months, and we are off to a good start thus far in the first quarter of fiscal 2020 as well,” Mario Kontomerkos, President and CEO of Mohegan said.

“These strong results can be attributed to a commendable management effort by our property leadership as well as our first full quarter of operations from our Niagara resorts. Outside of North America, project Inspire in South Korea continues under construction and remains on track for a 2022 opening. In connection with Inspire, we are pleased to announce our partnership with Hanwha Corporation, one of the country’s largest conglomerates, who will serve as our primary general contractor and will also provide the project with important local operational expertise and credit enhancement. These domestic and international efforts, which also include the September announcement of our venture with Virgin Hotels in Las Vegas, have placed MGE on solid ground for success for generations to come,” Mario Kontomerkos added.

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