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Bitcasino.io champions crypto-community in #teamtrees movement donating over $100k

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Bitcasino.io champions crypto-community in #teamtrees movement donating over $100k
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Bitcasino.io, the pioneering online Bitcoin casino, has pledged 101,010 trees (at $1 per tree) to the viral #teamtrees movement which gained traction after pledging to plant 20 million trees by the beginning of 2020.

Through the month of November, Bitcasino’s players were able to seize the opportunity and donate their unused Loyalty Club points to the worthy cause, all contributions were then matched, Bitcoin-for-Bitcoin by the Bitcasino team.

Donations came in at just over 100k, generously placing the Bitcasino community beside the likes of Twitter CEO Jack Dorsey on the #teamtrees donation list.

Despite the campaign’s virality, only a few medium-sized tech companies have stepped up to the challenge, meanwhile, Bitcasino.io remains the first and only organisation of its kind to endorse the cause.

Not to miss a further opportunity to recognise their tech roots and plant more trees, Bitcasino’s team boosted the donation to $101,010, an easily recognisable binary number to tech and crypto enthusiasts alike.

Tauri Tiitsaar, Director of Casino, said: “It’s astonishing to see just how generous our players are, and we are happy to have been able to represent the crypto community in the #TeamTrees movement.

“By making just a small addition to our loyalty club, we were able to have such a big impact on a global cause, and want to take this as an opportunity to challenge others in our industry and community to stand together with us in raising awareness on the important topic of climate change.”

Started by American YouTuber MrBeast and quickly becoming one of the biggest fundraising challenges social media has ever seen, the #TeamTrees campaign has received donations from people all over the world, including a multitude of social media influencers and big-name entrepreneurs, including Jeffree Star, Pewdiepie and Elon Musk.

With 2019 drawing to a close, the campaign has passed the 17 million mark, with its goal already well in reach.

To learn more about the #teamtrees movement and join forces with us in planting 20 million trees by the new year, visit teamtrees.org.

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Lithuanian Govt to Switch Land-based Gaming taxes to GGR-based Regime

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The Lithuanian government has introduced a new bill that would tax land-based slots and table games based on GGR, rather than a fixed fee per table or machine.

The bill was proposed by the country’s Ministry of Finance, and will now be put towards the Seimas, which may vote it into law.

Currently, for land-based slot machines and table games, operators must pay a fixed fee based on the number of machines or tables they operate. That fee is €260 per month for a Category A slot machine – which has unlimited winnings – €130 per month for a category B slot machine – where stakes and winnings are limited – and €2300 per month for a gaming table. Other forms of gambling are taxed based on GGR.

The government noted that under the current system, the worse an operator was performing, the higher an effective tax rate it would pay as a percentage of revenue, making the system highly regressive.

However, with the draft law, land-based slots and table games would be taxed at 18% of GGR.

“So far, we are seeing tax inequalities in the gambling sector. Currently, a gambling business pays a flat fee, not a percentage of the revenue generated,” Minister of Finance Gintarė Skaistė said.

“We want a clearer, one-size-fits-all taxation system that is fairer: in the months of higher turnover, businesses would pay more, in lower months they would pay less. At the same time, the new procedure will increase the transparency of the gambling sector and ensure fairer taxation,” Gintarė Skaistė added.

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Best Bitcoin Casino unveils sleek new look

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Best Bitcoin Casino debuts innovative rating system
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Online casino comparison site has also rolled out an innovative rating algorithm to ensure listed brands are accurately reviewed and rated

Best Bitcoin Casino, one of the most established and trusted Bitcoin casino comparison sites, has relaunched with a brand-new design and innovative rating algorithm that promises to deliver even more value to operators and players.

In addition to a fresh look and feel, Best Bitcoin Casino (BBC) now offers an intuitive back office and dashboard that gives operators full control over the information and review for each of their brands as well as direct access to the Best Bitcoin Casino community.

BBC has more than 650 casinos reviewed on the site but is encouraging operators that are not already listed to sign up and create an account. Each casino is then tested and rated by a member of the admin team and also receives a rating from players.

This is combined with BBC’s powerful rating algorithm that uses several parameters to rate an operator including bonuses and wagering requrements, direct and proactive player support, licenses held and more.

Above all, Best Bitcoin Casino gives top priority to player ratings, comments and feedback to ensure that each casino is accurately reviewed and rated based on the experience that it offers to players.

To coincide with the redesign, Best Bitcoin Casino has rolled out a new rating system – Rated as Best Bitcoin Casino. Those that receive the seal of approval can earn player trust and confidence, connect with BBC’s 12,000-strong community faster and enjoy better exposure across the site.

This badge is awarded to casinos that meet the following criteria:

  1. Have a 7.0 rating our above
  2. Have a dedicated casino representative
  3. Respond within 72 hours
  4. Use reputable casino game software
  5. Support various payment methods (crypto and FIAT)
  6. Update key details about the brand

In addition to the 650 online casino brands listed and reviewed on the site, BBC visitors and subscribers can also access information about dozens of crypto and blockchain platform providers, game developers, payment providers, licensing jurisdictions and more.

Barry GoldwonAsset Manager at Best Bitcoin Casino, said: “I am incredibly proud of the new look and feel we have created for Best Bitcoin Casino as we continue to establish the site as one of the most reputable and trusted in the market.

“More than that, I am proud of the incredible feedback we have received from operators and our subscribers which gives us the confidence that we are on the right track and have been since we launched in 2013.

“Our ultimate goal is to help players find reputable cryptocurrency and blockchain online operators, not only casinos, but also sportsbooks, esports, poker, dice and more. Our new rating algorithm will allow us to do this more accurately and at scale as we keep adding more brands to the site.

“We already have 650+ brands reviewed and rated but we would like to see even more operators sign up to Best Bitcoin Casino and take advantage of our community of more than 12,000 members to drive awareness of their casinos and increase new player sign ups.”

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate
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Betting odds on the German federal election swung firmly towards Olaf Scholz and his SPD party after polls indicated that he won the first televised debate of the campaign.

Markets now give Scholz a 56% probability of becoming the country’s next chancellor, up from 36% on August 23,  prices compiled by crypto sportsbook Cloudbet show. He has now taken the lead from main rival Armin Laschet, whose likelihood of becoming chancellor slumped to 44% from 63%.

Cloudbet is the only major crypto operator offering German election markets. The odds are hosted on an enriched event page that charts real-time price movements and will live-stream future debates for players to seize betting opportunities as odds shift.

The page will also contain the Cloudbet Opinion, a visual representation of which party bettors are favoring with their wagers, and a useful alternative voting indicator to opinion polls. Cloudbet first unveiled the feature to good effect ahead of the US presidential election in November. Bets placed on Cloudbet for that election were closer to the final result than official poll results, especially in predicting state-by-state outcomes.

“Betting markets can offer unique insights into how segments of the voting public perceive the election,” a Cloudbet election expert said. “We will continue to monitor movements as the debates and campaigns continue.”

Sunday’s 100-minute debate was largely uncontroversial, with views on climate change proving to be one point of difference between the three chancellor candidates. Some 36% of viewers picked Scholz, according to a Forsa poll for broadcasters RTL/ntv. The Greens’ Annalena Baerbock placed second with 30%, while Laschet was last with 25%.

Founded in 2013, Cloudbet established itself as one of the world’s leading bitcoin betting operators, with a reputation built on unparalleled security and speedy withdrawals. Players on the German site can bet with 12 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT, Dogecoin and Dash.

In June this year, the operator launched a fully localised website to provide better services for German customers. It also hosts a Telegram community for German-speaking customers to engage with other like-minded betting fans.

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