The launch of Bitcoin more than a decade ago led to the creation of a completely new system for the exchange of financial value. While there are many advantages to having a decentralized (censorship-proof and transparent) ledger, there are also some disadvantages, not least of which is the lack of privacy and anonymity. When you make a Bitcoin transaction, its duration plus the amount and addresses are forever recorded on the blockchain; this information is available for everyone to see. In reality, due to the lack of anonymity, companies can trace certain cryptocurrencies back to criminal activity based on the blacklisted coins they use. This absence has led to the birth of “privacy coins” that provide use-case-specific privacy, of which Monero is one of the most widely recognized. In today’s article, we will focus on what Monero is and why Monero casinos are winning over. Let’s get started!

Alt : Gold round shaped coin

What You Should Know About Monero

Before coming to the advantages of the best monero casinos, let’s start with the story of it. Monero (XMR) stands as a digital currency that is privacy-focused and works peer-to-peer with the goal of being untraceable and unidentifiable. Monero coins are fungible, so any transaction on the Monero blockchain shows no connection to any user or real identity in the world. Fungible is a term that describes each unit of a currency as identical and interchangeable with all other units of that currency, so when someone buys Bitcoin on the darknet, it can be distinguished from Bitcoin bought on Coinbase based on blockchain analysis because the two different Monero coins look exactly the same without any distinction between them. Many financial regulators are losing interest in Monero as a currency due to their inability to track XMR payments or get information about its users.

Ring signatures belong to the field of public cryptography. They represent a digital signature that any member of a given group can sign with their private key. When an XMR transaction is made, your Monero wallet hides the identity of the actual signer within the group by creating a ring of other users’ keys taken from the blockchain. This effectively anonymizes the transaction for any observer. But how did Monero come into the cryptocurrency scene? Let’s look into that.

History of Monero

Monero’s roots can be traced back to 2012, when an anonymous person under the pseudonym Nicolas van Saberhagen published the CryptoNote white paper. He detailed revolutionary encryption methods as well as a new proposal for electronic money through “CryptoNote”. The launch of the first cryptocurrency using the CryptoNote protocol was Bytecoin in July 2012. Then in 2014, Bitmonero was created through a fork on Bytecoin’s codebase (now known as Monero). Monero does not have a single founder or CEO; there is a core group of developers working on it, most of whom choose to remain anonymous. One of the identified developers is Riccardo Spagni, who served as Monero’s lead developer until he resigned in December 2019. Spagni’s involvement with cryptocurrencies dates back to 2011, when he started mining Bitcoin; he later co-founded Tari, Monero’s sidechain designed for NFTs through the mining of federated non-fungible tokens. As an open-source project, Monero relies heavily on community donations for its development efforts. People from all over the world show their support for the project with numerous contributions and funding through Monero’s CCS system. Let’s check out the advantages of this brilliant coin now.

The Advantages

Monero shares some similarities with Bitcoin in that its developers remain anonymous and it has an open source code base; however, there are notable differences between the two. One important distinction concerns how upgrades are handled: While Bitcoin is known to be conservative with forks and even simple upgrades go through a lengthy discussion process before being implemented, Monero’s software is designed to be automatically updated every six months. In 2018, Monero made history as the first major cryptocurrency to adopt “bulletproof” technology. This innovation significantly improved the efficiency of XMR transactions and led to a minimum 80% reduction in the average transaction size, which means lower fees for users. Despite the existence of many privacy-focused coins, Monero stands out as one of the most recognizable with a large market capitalization. It prioritizes privacy by default, unlike other alternatives like Zcash that offer it as an optional feature. It is also highly preferred by casinos because it has such advantages. It offers a much better service for you compared to other coins.

HIPTHER, the leading conference organizer and parent company of renowned online media outlets for GameTech industries, is excited to announce an extended two-day Agenda to come, and a stunning new location for the European Gaming Congress 2024, at the prestigious Polonia Palace Hotel in Central Warsaw.

History and Expansion: Compliance, Operations, SEO & Marketing

HIPTHER’s European Gaming Congress (EGC) boasts eight years of success as a dynamic platform for networking, collaboration and growth for iGaming Compliance and Technology.

Our 2024 event, embracing the “Via Infinita” guiding principles, promises to be even more impactful, expanding its Agenda and focus from Compliance to Operations, SEO and Marketing for iGaming and Technology industries.

#Hipthers are thrilled to bring together compliance experts, regulators, and gaming professionals, uniting the gaming industry with blockchain, AI, and fintech, offering a platform for networking and growth.

In order to successfully host this insightful bouquet of expertise, excellence and innovation, HIPTHER expands the standard one-day EGC Agenda to a buzzing two-day Conference Program fostering growth and offering a variety of quality networking opportunities.

The European Gaming Congress (EGC) 2024 will take place on 15-16 October 2024 in Warsaw, Poland. Early Bird Tickets are Available until 10 July 2024 – Get Yours Now!

New Venue: Historical Charm and Modern Elegance Meet the Future

The cutting edge themes of the Congress and the future of Gaming meet historical charm and comfort at the prestigious Polonia Palace Hotel. Centrally located, just opposite the Palace of Culture and Science, it is close to street shopping, train station, tourist sites, restaurants and a large shopping centre.

Between 15-16 October 2024, at the Polonia Palace Hotel, #hipthers will be hosting C-level executives, compliance experts, government officials, and professionals from the iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, Virtual/Augmented/Mixed Reality sectors, and many more who will be ready to share their knowledge and connect with you!

Sneak-peek to the Future: First Speakers Confirmed!

The first group of expert Speakers for European Gaming Congress 2024 has been confirmed!

Get ready to gain valuable insights and connect with industry luminaries such as:

• Adam Lamentowicz, CEO of the Polish Gaming Chamber
• Marek Plota, Founding Attorney at RM Legal & Gaming In Poland
• Piotr Dynowski, Partner/Attorney at Law/Head of IP/Media/Tech&Comms Practice at Bird & Bird Poland
• Andreea Dobre, Senior Manager Internal Audit at Greentube
• Rebecca Liggero Fontana, Reporter, Producer & Host at COINGEEK
• Jevgenijs Ravdins, Communications & Marketing Manager at MightyTips
• Aleksandra Ossowska, Managing Partner at FinLegalTech
• Stanisław Szostak, CEO at Astral Forest
• Justyna Grusza-Głębicka, Law Firm Justyna Grusza-Głębicka
• Alexis Wicén, CEO & Founder at Unibo and Scatters Group

And more – Stay tuned for more exciting Speaker and Agenda Updates!

Save the Date & Book your Seats: We look forward to welcoming you at the premier European Conference for iGaming Compliance and Technology!

Learn More about the European Gaming Congress

EveryMatrix has smashed its historical quarterly high with continued strong revenue growth and profitability hitting a new record. 

Announcing Q1 2024 results, the industry’s fastest growing iGaming technology provider had quarterly net revenue of €39 million across all products, growth of 66% Year-on-Year (YoY), while also setting a quarterly profit margin record of 57% – its fourth consecutive quarter with both growth and profit margin above 50%. 

Q1 2024 EBITDA rose to €22.3m, up 111% YoY. 

The record quarter comes just three months after EveryMatrix registered the strongest financial results in its history. 

STARTING THE YEAR IN STYLE 

The EveryMatrix financial year is underway in style, driven by large value client signings, multiple new client launches across all the company’s core business units, strong sports trading and innovation and continued growth in casino. 

EveryMatrix was among the first wave of iGaming technology providers to gain regulatory accreditation in Peru, while it made further progress in the US launching its first casino aggregation partner with third-party content live on DraftKings in New Jersey. 

The tier-1 supplier also hit a significant post-period milestone reaching 1,000 employees across 13 global locations, with its largest purpose-built office opening its doors to 450 personnel in Bucharest, Romania and a new office launched in Cebu, Philippines, dedicated to focusing on DeepCI data products. 

CASINO AND SPORTS CONTINUE TO SHINE 

EveryMatrix quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated a record quarterly performance of €619m in Q1 2024, up 65% YoY with GGR for the last 12 months at €2.1 billion, a 78% YoY increase. 

Quarterly casino net revenue rose to €19.9m, up 83% YoY while EBITDA reached €13.2m reflecting a 132% YoY increase. The SlotMatrix aggregation product introduced 886 new games. 

The OddsMatrix sports division saw turnover rise 31% YoY to €1.3bn, with GGR climbing 308% YoY to €96m. Net revenue for Q1 2024 reached €10.5m, up 78% YoY, while EBITDA hit €6.2m, reflecting a 313% increase. 

OddsMatrix covered a record 173k live events in a single month. The average monthly number of bets placed reached 39m. 

Platform saw quarterly net revenue reach €7.3m, up 28% YoY, with EBITDA at €3.2m, up 13% YoY. The EveryMatrix Player Account Management (PAM) system hit a massive new record of 230k bets per minute at peak times. 

The Affiliate Platform division, including PartnerMatrix and DeepCI, saw net revenue grow to €1.4m during the quarter, up 39% YoY, with EBITDA down €0.4m due to continued product and commercial investment. DeepCI added 22 further geos to its offering and signed 14 new clients, while PartnerMatrix signed 15. 

Ebbe Groes, Group CEO of EveryMatrix, said: “It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. 

“It’s mind-blowing how far we’ve come and how much progress continues to be made across the entire business. From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond. 

“Watch this space as there is plenty more to come from EveryMatrix this year!”

Q1 2024 HIGHLIGHTS 

• Among first wave of B2B technology providers to gain regulatory accreditation in Peru 
• Signed a turnkey customer estimated to deliver more than €3m annual net revenue 
• Live on DraftKings in New Jersey with first US casino content aggregation partner – Supremeland Gaming Inc 
• Launched game content with Entain (BetMGM), Golden Nugget Online Gaming and DraftKings 
• 886 new games on SlotMatrix aggregation platform bringing total to 27,825+ games 
• Integrated seven new casino vendors bringing total to 158 
• In-house games studio Armadillo Studios launched several games including Alice’s Mad Fortune, Shamrock Surprise, Gummy Galaxy and Paws & Claws 
• Released 30+ new betting types across multiple sports 
• Signed 15 and 14 new PartnerMatrix and DeepCI clients respectively 
• Increased total company headcount post-period to 1,000+ including opening an office in Cebu, Philippines focusing on DeepCI products 
• Four new senior hires in Q1 including CEO MoneyMatrix, CEO PlayMatrix, CCO PlayMatrix, CCO PartnerMatrix