Connect with us
SIS

Cryptocurrency

Graph Blockchain Provides Further Update on LOI With BCI and TGC

George Miller

Published

on

Graph Blockchain Provides Further Update on LOI With BCI and TGC
Reading Time: 3 minutes

 

Graph Blockchain Inc. is pleased to provide further insight into the planned acquisition of BlockChain Innovations Corp. , an international blockchain technology supplier serving the regulated gaming industry, and The Games Company Ltd., a popular provider of online casino games that is licensed by the United Kingdom Gambling Commission and Alderney Gambling Control Commission.

TGC’s games are available across Tier 1 online casino operators and government lotteries, including William Hill, Bet Victor, and Loto Quebec. TGC’s products, including Hippie Chicks, Cash Cowboy, and Lucky 8 Keno, are available in 30+ languages, featuring a freespin promotion engine and, most importantly, offer multi-currency wagering including cryptocurrencies.

TGC’s games are available in Canada, the UK, and markets served from Gibraltar with several launches scheduled in Malta in the first half of 2019. Leveraging BCI’s blockchain technology, TGC products will become fair-enabled, allowing players to independently ensure and verify game fairness. Integrating BCI’s technology with TGC’s casino content will allow us to showcase other examples of blockchain applications in the casino content vertical. By adding TGC’s suite of casino content to BCI‘s sportsbook, platform, and payments solution, it further establishes BCI as a full-product suite B2B gaming platform supplier with all the advantages of running on blockchain technology.

BCI has developed a fully-functional cryptocurrency wallet for users to manage and exchange multiple cryptocurrencies for smart-contract. BCI has provably instant confirmation of transactions, or bets integrated within its technology. The wallet communicates to any existing operator’s PAM via an API and, in addition to standard transaction accounting and reporting, operators may permit wagering between players using pay-as-you-go cryptocurrency where no money is on deposit as well as players with fiat currency on deposit, in their existing operator account.

Once activated, users with popular cryptocurrencies such as Bitcoin and Ethereum may then exchange those coins for PebbleCoin and begin placing smart-contract wagers. PebbleCoin, the gaming-by-design crypto-currency BCI’s technology utilizes, is one of the first cryptocurrencies to use smart contracts and trade them as freely as coins.

BCI has provably instant confirmation of transactions, or bets integrated within its technology and its cryptocurrency PebbleCoin. The confirmation time for Bitcoin is 1 hour and Ethereum is 180 seconds. The implication of that 180 seconds to 1 hour is that live wagering environments are not possible with Bitcoin or Ethereum since there is an ability for one side to “roll-back” the transaction on the blockchain. If this were the case, users could cancel bets when the line prices move against their position – that’s not feasible in a betting market.

BCI and TGC Management Profiles

Matt Stafford has 10 years of experience in the gaming industry in various legal and compliance roles including overseeing the entire commercial and compliance functions as Assistant General Counsel for Aruze Gaming America, Inc. a leading land-based slot manufacturer. Matt entered igaming in 2014 as General Counsel for NYX Gaming Group Ltd., where he helped lead its IPO and raise nearly $800 million CAD before completing NYX’s 2016 acquisition of Openbet Technology Ltd. – the largest B2B sportsbook software provider in the world. Most recently, Matt served as Senior Counsel, Interactive for Scientific Games Corporation, which acquired NYX Gaming Group in January 2018 for approximately $660 million USD.

David Wang has over 15 years of executive experience in Gaming and over four years of experience with blockchain technologies.  Mr. Wang is a former executive at various gaming companies including Wynn Resorts, MGM Resorts, and SEGA.  He is a successful entrepreneur and previously served as CEO and Co-founder of Chipleaders, which was acquired by PartyPoker. He holds an MBA from the Kellogg School of Management (Northwestern University)

Morris Mosseri has over 30 years of experience in technology, with over five years of experience in building blockchain technologies having founded a successful crypto mining business.  He is the original architect and lead developer of BCI’s PebbleCoin cryptocurrency.  Previous to that, Mr. Mosseri created a profitable sports betting arbitrage network integrated with over 80 operators.  He also developed and operated one of the largest poker bot operations worldwide. Formerly, Mr. Mosseri was a quantitative futures trader at New York-based hedge fund Schonfeld Securities.

Jeff Stevens, CEO of Graph Blockchain commented, “BCI’s technology has been developed since 2016 and augments wagering functionality for gaming companies across all sectors of the industry from sportsbooks and exchanges to e-sports, daily fantasy and lotteries. This technology as well as the games content from TGC positions Graph well in the gaming sector in a number of areas.”

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions and is a pure play in the graph database technology space. Graph leverages its proprietary integration of the AgensGraph Database engine with IBM’s Hyperledger Fabric to create a transparent and immutable ledger with near real-time transactional data processing and intuitive data visualization. The Company has secured multiple prototype development contracts with multi-national conglomerates and sells across client subsidiaries as a full enterprise product.

Additional Information on the Company is available at: www.graphblockchain.com

Cryptocurrency

Stake.com​ and Betradar just launched what could fast become the biggest sportsbook in the world with potentially more than 60 billion bets with cryptocurrencies

George Miller

Published

on

Stake.com​ and Betradar just launched what could fast become the biggest sportsbook in the world with potentially more than 60 billion bets with cryptocurrencies
Reading Time: < 1 minute

 

Betradar, the world’s leading supplier and provider of sports betting data service and Stake.com​one of the biggest crypto casinos just officialise their partnership with a 2 years agreement launching Stake sportsbook.

Stake.com​(Medium Rare N.V.) is a cryptocurrency casino that had, in less than 3 years of operation, more than 11 billion bets done in their platform, the whole group has an impeccable baggage on the crypto sphere with more than 50 billion bets accumulated between Stake and Primedice brands. Some of the biggest Sportsbooks in the world are way bellowed the half a billion bets per year mark.

Stake has created an aggressive plan for, in less than one year, being able to replicate their success in their own and unique casino games into their new Sportsbook product and for that, they decided to join forces with Betradar’s MTS team.

On the other hand, Betradar from the Sportsradar group, after securing exclusive deals with competitions like NBA, FIFA, NFL and NHL are now diving into the cryptocurrency sphere with Stake’s agreement.

Owner of the Stake platform, Eddie Miroslav is looking forward to the venture ahead, and is excited to introduce sports to his casino players.

‘With a look and feel that is exclusive to our platform, we are confident that our partnership with a data supplier of this calibre is going to fit the needs and wants of our substantial player base.

‘We are aware of an already strong sport interest and knowledge within our community; we knew spending several months working on this new site feature was going to be profitable for us.’

Despite their differences in operation, a bright future may indeed be a given between two powerhouses of the gambling industry.

Continue Reading

Cryptocurrency

GoodGaming to launch new CasinoCoin-powered brand

George Miller

Published

on

GoodGaming to launch new CasinoCoin-powered brand
Reading Time: 2 minutes

 

Innovative online gaming operator GoodGaming will launch a new online casino brand powered by CasinoCoin, capitalising on an emerging trend of cryptocurrency gaming that is transforming the space.

The casino, licensed by the Isle of Man Gambling Supervision Commission, will accept deposits, wagers and withdrawals in CasinoCoin, leveraging CasinoCoin’s proprietary Bankroll Manager to handle KYC and AML obligations.

The Bankroll Manager allows users to play at any casino that accepts CasinoCoin with a single registration and KYC check. Customers can deposit and withdraw from each operator instantly and with ultra-low fees, as well as store their coins with absolute security.

The licensing of the new casino has been overseen by Blockchain Isle of Man, who are setting the standard for cryptocurrency gaming regulation and use cases worldwide.

Oliver Wu, chairman at GoodGaming, said: “We are hugely excited to launch our first cryptocurrency casino and enter one of online gaming’s fastest growing verticals.

“This new brand, supported by CasinoCoin, will offer users an enhanced experience including lightning fast transactions, low fees and seamless registration.

“By working with CasinoCoin, the blockchain for gaming, we have the power to quickly scale and offer our customers a world-class user experience via the Bankroll Manager.”

Lyle Wraxall, CEO of Digital Isle of Man, said: “We would like to extend our sincerest congratulations to the GoodGaming team on the launch of their first cryptocurrency casino brand and their partnership with CasinoCoin, from their home in the Isle of Man.”

“The Isle of Man prides itself on its responsible gambling measures and it is clear that CasinoCoin holds these high standards at the forefront of their offering, owing to its built-in KYC functionality and AML tracking tool, created on the blockchain, allowing GoodGaming to scale up quickly in the knowledge that they’re adhering to world-class regulatory measures.”

“The Blockchain Isle of Man team wishes both parties the best of luck and continued success in the future.”

John Caldwell, director of advocacy at the CasinoCoin Foundation, said: “We have worked closely with GoodGaming and Blockchain Isle of Man to deliver a real-money cryptocurrency gaming business case within a fully compliant, KYC-ready framework.

“Our blockchain and Bankroll Manager are built specifically for use cases such as this, and we are certain our technology will deliver a world-class crypto gambling experience to GoodGaming’s customers.”

 

Continue Reading

Cryptocurrency

Skrill enhances crypto offering with new crypto-to-crypto buy and sell feature

George Miller

Published

on

Skrill enhances crypto offering with new crypto-to-crypto buy and sell feature
Reading Time: < 1 minute

 

Digital wallet provider launches quicker, easier way to buy and sell cryptocurrencies

From now on, Skrill customers can use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Conveniently, Skrill customers no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new cryptocurrency, resulting in fewer transactions and lower fees.

There is now a Bitcoin pairing available for every cryptocurrency available in Skrill, with future pairings expected to be added soon.

Skrill is part of leading payments platform, Paysafe, which has a strong track record for providing payments services for specialised industries. It first launched its cryptocurrency service in July 2018, offering Skrill customers the opportunity to instantly buy and sell interests in cryptocurrencies and has been continually enhancing its service since.

Customers can use their Skrill wallet to purchase interests in nine cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, Ether and Litecoin and to access exclusive offers from Skrill or take advantage of price movements with updates on-the-go from their Skrill app. They can also choose from more than 100 deposit methods including 40+ fiat currencies to begin buying crypto right away.

Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe, commented: “We know that our customers want more functionality to make it even easier for them to access and interact with cryptocurrency. Cryptocurrency is an important part of what we do in digital wallets and using our scale and vast experience of the payments industry, we’re continually enhancing our service to help our customers get the most out of the crypto ecosystem.”

Paysafe also plans to roll out the new crypto-to-crypto buy and sell feature in its NETELLER digital wallet in the next few months.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: [email protected]

Copyright © 2015 - 2019 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.