Cryptocurrency

How Gamers are Putting the Future of Fun Front and Center

Published

1 year ago

March 31, 2023

Alan Campbell

Reading Time: 4 minutes

By Roobet Co-Founder Matt Duea

Growing up playing video games, I remember it well: the days when those in the mainstream thought being a ‘gamer’ was pretty much synonymous with being an awkward, basement-dwelling loner.

But times have changed and let’s face it – gamers aren’t exactly pariahs anymore. Esports tournaments like the League of Legends (LoL) World Championships rake in viewers in by the millions – a few years ago, more people watched the LoL final than the MLB and NFL championships combined.

This is nothing new. Gaming has been a huge part of mainstream culture for years now. But over the pandemic, something switched – people who’d never even owned a PlayStation began to realize the value of online entertainment as they sought out new ways to relax and socialize. In 2022 alone, the industry generated over $180 billion in revenue – worth more than the Hollywood and music industries combined.

One offshoot from the gaming world is blossoming into a powerhouse of its own while promising to stay true to its roots in gaming culture: online gambling and digital casino. It constitutes a huge portion of this multi-billion-dollar industry, generating around $63.5 billion just last year.

At Roobet, we’re powered by Zillennials – our unique perspective has reshaped the world and we’re applying it to our product strategy every day. A shift from bricks-and-mortar to online just makes sense in the gambling world and it’s clear how necessary the move to the digital marketplace was. Betting online combines the excitement of a modernized catalog of casino games that you can play with your online Discord buddies from around the world.

We’re a generation of world-travelers who grew up online and built a network of friends spanning far-flung reaches of the globe, thanks to the close proximity of chat rooms, video game lobbies, social media and Reddit. So, when we came of age to gamble for the first time, we did it in a real casino – and to be honest, it’s not that ‘social’ of an experience.

Most adults go to the casino for a shared experience with friends. For some of us, watching a friend gamble is just as – sometimes more – fun than gambling ourselves. For a generation that’s increasingly ‘location agnostic,’ bricks-and-mortar casinos just aren’t the best option. Traditional casinos’ promise of glitz is often a dimly-lit, smoky place, full of strangers, an hour’s drive away. Add to that the pressures of learning games in public – and well, playing from home on a smart TV with your mates on the couch starts to sound a hell of a lot more appealing.

So, casino went online. And as it did, gamers welcomed a greater sense of convenience and personalization. Casino became more accessible, more exciting and players were liberated in the process. Based on their individual wants and needs, players gained a new freedom to choose whether in-person gambling or online casino met their needs best.

The industry has thus been transformed and now online casinos can offer so much more than those in the mainstream believe to be possible. Simple slot machines and blackjack games are quickly becoming a thing of the past, supplanted by modern permutations of age-old classics that go viral on a whim. And with the rise of blockchain technology and cryptocurrencies, players now have even more options for secure and convenient cash-in and cash-out methods, which are nearly instant with virtually no disruption.

Roobet is one of the world’s fastest-growing crypto casinos. And while we push ourselves daily to offer the most entertaining games, the most fluent gameplay and to support our interactive, thriving community – our core offering is fun. And we take fun seriously.

I mean, we’re the only biggest casino to be run by a digital kangaroo. Because it’s not just the games themselves that are responsible for the industry’s meteoric rise in popularity. But the gamers who make up our dynamic digital communities and an online culture that puts fun and safety first and foremost, have fundamentally altered perceptions of how we see gambling and its place in society. It’s not the shady and taboo endeavor that it once was: it’s fun, it’s exciting and it’s a new way for adults to interact with friends from anywhere across the world.

Crypto casinos like Roobet operate on serious tech and are powered by some of the most innovative and forward-thinking minds in the industry. As a brand, we consider every aspect of the player experience. At a minimum, we provide industry-leading games, best-in-class bonuses and rewards and we foster a sense of community that you just can’t find anywhere else. Players can connect with each other and engage in a more immersive and interactive way. And with our communities sprawling across social platforms, the experience isn’t confined to just our website.

But we want to push beyond that. As gamers, we’re problem-solvers by nature. And gaming is about challenging the norm and pushing beyond what others perceive us to be capable of – because we know that the mainstream is always chasing to keep up with us.

It’s no longer solely crypto enthusiasts who use crypto casinos but a new generation of bright-eyed and bushy-tailed digital natives who know the value of crypto, blockchain technology and are excited for the direction that gaming and the web itself is headed.

So, we develop new products every month that provide players with new ways to interact with the brand, which aren’t just limited to gambling. We have our fingers on the pulse and work alongside some of the biggest names in entertainment to lend us their expertise on what really makes people tick. And we work around the clock to make it happen.

We’re not just a casino. We’re pioneers of online entertainment and defenders of fun on the digital frontier. Yet again, gamers are ahead of the curve – and take it from us – we’re going to revolutionize digital entertainment for the better.

Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

1 week ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes