Sunday, July 22, 2018

Camel Rock Casino agrees licensing deal with VizExplorer

World Casino News
Camel Rock Casino agrees licensing deal with VizExplorer

Provider of operational intelligence (OI) solutions to the casino industry, VizExplorer, recently announced that it had entered into a new licensing agreement to initiate deployment of its campaignViz and floorViz solutions at the Camel Rock Casino in New Mexico. Highly competitive market: Owned and operated by the Pueblo of Tesuque, the entertainment facility opened in 1995. […]
Share:

Will Cryptocurrency Big Shots Become Banks?

Latest Casino Bonuses
Will Cryptocurrency Big Shots Become Banks?
Will Cryptocurrency Big Shots Become Banks?

When you stop and ponder the road of cryptocurrency development over the years, the rise of digital money to the heights of mainstream and beyond, as they began doing business that is measured in billions of dollars, leads to the inevitable.

All of those once small startups and businesses that seemed far-fetched back in the day are suddenly buying bank shares, prompting the question: do crytpo exchanges, market makers and blockchain innovators have it in them to transform into banks themselves?

The Value of Bitcoin

As Bitcoin.com analysts estimate, the current value of the cryptocurrency market stands at more than $294 billion. That sure is a big leap from the original small community that started it all almost ten years ago.

Even though there are those among leading financial experts who are urging, ‘get out while you can’, it is admittedly difficult to ignore such a huge global movement that, despite its ups and downs, has shown serious resilience.

As business gets bigger and more complex, some of the market makers and cryptocurrency companies are dealing with growing amounts of money. Some of them have begun acquiring bank shares or even trying to transform into banks themselves.

Still Going Strong

Coinbase, for instance, is one of the digital assets firms who are still going strong and doing well for themselves. They have over 20 million users and so far, more than $150 billion worth of cryptocurrencies have been traded via this route. That's why the company's officials begun having meetings with US regulators in early 2018 as they look for banking licenses.

The cooperation between these bodies is quite close and successful thus far, as Federal bankers realize that Coinbase could offer plenty of banking options.

One of the largest cryptocurrency exchanges in the world, Binance, has acquired a 5% stake in Founders Bank based in Malta, a small Mediterranean country that is on the path to becoming the world's leaders in crypto technology and iGaming hotspot.

This is the world's “first global community-owned bank,” as Silvio Schembri, Office of the Prime Minister of Malta's junior minister for financial services, digital economy and innovation has said. As of now, Binance and Founders Bank are opting-in for a EU license for full-on regulation.

The Role of Litecoin

Likewise, the Litecoin foundation has recently purchased 10% of stakes at WEG Bank AG from Germany. WEG Bank, with the help of Litecoin Foundation and Tokenpay will be offering cryptocurrency services to customers, as Litecoin will be also integrated with WEG Bank – something the German conglomerate agreed upon even though Litecoin's value has had a sharp and rather dramatic decline since its peak value in December 2017.

What are your two cents on these trends and developments? Does this mean that crypto assets are still alive and well? Or does becoming a bank present a way out for these firms should anything tragic befall the world of cryptocurrencies? Feel free to comment below…

Source:

“Powerful Cryptocurrency Firms on the Road Towards Becoming Banks”, Redman Jamie, bitcoin.com, July 18, 2018.

Share:

Australian Racing Rolls Out New Rules to Combat Illegal Online Gambling

Casino News Daily
Australian Racing Rolls Out New Rules to Combat Illegal Online Gambling

Australian horse racing trainers and owners could have their computers and mobile devices seized if they are suspected of gambling with illegal betting websites, under a new set of rules by Racing Australia, local news outlet The Sydney Morning Herald reports.

Racing Australia is the regulatory body tasked with overseeing Australia’s thoroughbred racing industry. The regulator has adopted speedily a fresh wave of rules aimed at clamping down on illegal offshore operators targeting Australian bettors.

Although Australians are allowed to wager on legal websites, they often prefer black market operators to regulated ones, tempted by the promise of a better product and odds. According to a 2015 report by the former Australian Council, the country’s illegal betting market was worth around A$400 million at the time and was expected to reach A$900 million by 2020.

A study by Racing Wagering Australia, the body that represents the nation’s online wagering sector, claims that the black market could be worth up to A$1.3 billion. The money goes to illegal operators who do not contribute back to Australia’s horse racing industry unlike regulated businesses.

New Regulations

The new rules are set to come into effect from August 1, 2018. They will apply to racing horse owners and trainers. Participants in the nation’s horse racing industry could thus have their electronic devices seized for forensic image if they are suspected to be wagering with non-licensed operators.

Racing Victoria, the regulatory body responsible for the racing industry of the state of Victoria, has previously implemented a similar rule to prevent participants from engaging into illegal operations. Racing Australia will now expand that rule so that it applies to all racing authorities in Australia.

Local regulators, including Racing New South Wales, have said they welcome the new approach to illegal betting as the growing betting market poses a great threat to Australia’s horse racing industry.

News about Racing Australia implementing new rules against illegal operations come shortly after a rollout of announcements from various Australian states and territories that they would implement a point of consumption tax on regulated betting operations.

Most recently, New South Wales confirmed that it would be taxing licensed operators at 10% on their revenue from the state. The new tax would be implemented from January 1, 2019.

Queensland has, too, recently announced that a new taxation regime on betting would take effect on October 1, 2018. Operators servicing customers from the state will be required to pay 15% on revenue from their local operations.

It became known earlier this year that the Australian Capital Territory will introduce a 15% point of consumption tax on January 1, 2019. Victoria will, too, roll out its new regime early next year, but it will tax licensed betting operators on 8% of their revenue from local wagering customers.

The post Australian Racing Rolls Out New Rules to Combat Illegal Online Gambling appeared first on Casino News Daily.

Share:

La Jolla tribe adds gaming to local business

World Casino News
La Jolla tribe adds gaming to local business

In northern San Diego County, a partnership between the federally recognized La Jolla Band of Luiseño Indians and multinational oil and gas company, BP, will reportedly see the opening of the La Jolla Trading Post & Casino before the month’s end. The Valley Roadrunner newspaper reports…. Chief executive officer for the 700-member La Jolla tribe, […]
Share:

About 2K temporary employees worked WSOP in Las Vegas

Casinos & Gaming – Las Vegas Review-Journal
About 2K temporary employees worked WSOP in Las Vegas

Some of the employees are part-time workers at Nevada casinos. A few are from outside the industry, like local teachers seeking to make money during their long summer vacation. But for others, tournaments are their livelihood.

Share:

Saturday, July 21, 2018

Microgaming Prepares the Return of Agent Jane Blonde

Latest Casino Bonuses
Microgaming Prepares the Return of Agent Jane Blonde
Microgaming Prepares the Return of Agent Jane Blonde

Big news for fans of slot sequels as Microgaming announces the imminent release of part of their legendary video slot series, Agent Jane Blonde, dubbed Agent Jane Blonde Returns!

The announcement was made at this year's iGB Live event in Amsterdam that took place this week. It has been stated that the driving force behind this project is the newly instated, Stormcraft Studios independent brand.

This will be Microgaming's second title created by Stormcraft Studios.

What You Can Expect

The original slot, a game of international intrigue and espionage, was developed and released in 2015 – ancient history by the standards of ever-changing technology and the iGaming industry.

Agent Jane Blonde Returns will be a five-reel, three-row, 15-payline game, making a comeback with some more stunning artwork, engaging gameplay and thrilling action. The game will feature retro, neon visuals stacked Wilds and a respin feature.

To emphasize the importance of this game's release, Microgaming's stand at iGB Live was fully branded with sneak-peaks of visuals from the upcoming title. Also, visitors of the stand were able to have a scoop of nine different ice-cream flavors – simulating a similar experience when presenting Fortunium early this year at ICE.

A Word from the CEO

Microgaming's Games Publisher, David Reynolds, had this to say about the game's release…

“Following the huge success of Fortunium, we are so excited for Stormcraft Studios’ next release with Agent Jane Blonde Returns. With stunning graphics and an atmospheric soundtrack that brings you into Agent Jane Blonde’s world of action and espionage, it’s sure to be a hit with both fans of the original and new players when it goes live.”

Most recently, Microgaming (in collaboration with Rabcat) released another Robin Hood-inspired slot game called Robin of Sherwood.

Source:

“Microgaming's lead heroine returns”, microgaming.co.uk, July 18, 2018.

Share:

Playtech BGT Sports inks Mexico deal

World Casino News
Playtech BGT Sports inks Mexico deal

The Playtech BGT Sports sportsbetting subsidiary of omni-channel gaming software and services innovator Playtech has reportedly announced the signing of a deal that is to see Corporacion Caliente install around one dozen of its self-service betting terminals at locations across Mexico. New Terminal Installation: According to a Thursday report from G3Newswire… Corporacion Caliente is a subordinate […]
Share: