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DoubleJack launches ICO to enable users worldwide to access €250 million lottery
DoubleJack’s ICO will also offer a digitized stakeholding utility asset to users, building the foundations for the company’s philanthropic, igaming lottery platform
DoubleJack, a global fintech startup, launches its Tron-based DJACK utility token, designed to give users, who are normally geo-blocked by local barriers, access to its lottery platform and its associated benefits. The funds from the utility token sale will be used to build its insurance program and sell insurance-linked securities (ILS), which will enable the company to offer a much larger jackpot.
Around the world, a number of countries have created geoblocking parameters to prevent their local populations from partaking in igaming, a market volume of nearly one trillion USD by 2025. Most igaming and lottery programs are not philanthropic in nature and do not offer real stakeholder opportunities. In the spirit of improving upon the absences of these elements in the industry, DoubleJack is changing the paradigm with its utility token. In addition to granting buyers access to the platform to buy lottery tickets, the token will afford buyers unique opportunities immediately upon purchase:
Influencer income: Token holders will be able to earn a passive income by becoming “influencers” and sending referral QR code links to other people. For every 20 people who receive a referral code, the influencer can earn a passive income that ranges from as low as $100 to as high as $6 million, depending on the influencer’s DoubleJack.Club status. Passive incomes are distributed from one-third of the lottery’s total jackpot.
Philanthropic opportunities: Influencers are encouraged to develop their own charitable initiatives and contribute to local charities with the passive income they receive.
Wealth-management option: Winners of the lottery jackpot will be offered the opportunity to work with Turner Little wealth management firm to help them reach their personal and/or business objectives.
In order to build its philanthropic lottery ecosystem, DoubleJack is using the utility token sale to accrue the funds to build its own captive insurance company and offer insurance-linked securities to institutional and accredited investors.
“We are proud to release our utility token to users all around the world, breaking down geoblocking barriers and empowering everyone to earn a passive income and become involved in charitable endeavours,” stated DoubleJack’s founding team. “As entrepreneurs passionate about paying it forward and building an ecosystem built on altruistic principles, the ICO is a massive step toward realizing our vision for a philanthropic-driven, global lottery platform.”
DoubleJack launched its DoubleJack.Club influencer program in December 2020.
Angela Bernhard Thomas
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Clark County
Clark County residents can bring a friend for free to next week’s Super Bingo $160,000 tournament at the Plaza Hotel & Casino, May 6-8
Home to downtown Las Vegas’ only bingo room, the Plaza Hotel & Casino is offering Clark County, Nevada residents who register to play in next week’s Super Bingo tournament the opportunity to bring a friend for free.
Happening Monday, May 6 through Wednesday, May 8 in the Plaza’s expansive ballroom, Super Bingo is expected to draw nearly 1,000 people from the local Las Vegas valley and across the country and Canada for the opportunity to win big playing fun-filled games of bingo over two days, with a $50,000 super coverall both days while socializing with like-minded bingo players.
Bingo-only registration is $160 per person, and Clark County residents who register can bring a friend for free. Registration is available online at https://www.plazahotelcasino.com/bingo/super-bingo-registration/. Hotel-and-bingo packages start at $300 for a four-night stay with no resort fee.
All Super Bingo players receive one 6-on paper pack for both days, two daubers, free drinks via an open bar at all sessions, boxed lunch both days, and $10 in free slot play after the first day’s session.
The Plaza’s Bingo room offers six daily bingo sessions at 11 a.m., 1 p.m., 3 p.m., 5 p.m., 7 p.m. and 9 p.m. and is located on the 3rd floor. By parking on the third floor of the Plaza’s self-parking garage, guests have convenient and direct access to the Plaza’s bingo room and parking is validated for bingo players.
Gambling in the USA
Kambi Group plc extends Mohegan partnership with on-property sports betting agreement in Pennsylvania
Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has agreed a long-term on-property sportsbook partnership with Mohegan to provide its award-winning sportsbook at two retail locations in the state of Pennsylvania.
The partnership will see Mohegan utilise Kambi’s cutting-edge retail sportsbook offering across more than 20 kiosks in sportsbook locations at Mohegan Pennsylvania and Mohegan Pennsylvania at Lehigh Valley Race and Sportsbook.
The deal further strengthens Kambi’s relationship with Mohegan, which already utilises Kambi’s suite of sports betting products at ilani in Washington, as well as online and on-property in the Canadian province of Ontario at Fallsview Casino Resort and Casino Niagara.
Kristian Nylén, Kambi CEO and Co-founder, said: “With several successful partnerships with Mohegan already in place, we are pleased to agree this new partnership as we continue to build on our strong relationship.
“This latest deal further reinforces Kambi’s position as the sportsbook provider of choice for tribes across North America, and we look forward to our ongoing collaboration with Mohegan.”
Tony Carlucci, President & GM of Mohegan Pennsylvania, said: “Mohegan Pennsylvania is excited to continue utilising the same Kambi technology platform that existed under our Kindred partnership, which will help to create a seamless process as the Sportsbook at Mohegan Pennsylvania fully rebrands later this Spring.”
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