iGaming Industry
Storm International is opening “SL Casino Riga”
The international holding company Storm International is planning to open a casino in Latvia. “SL Casino Riga” is the fourth casino to operate under one brand. The gambling houses are famous for its high international standards in service, sophisticated atmosphere and hospitality.
The «Shangri La» casino chain has been operating since 1992 and has already become synonymous to luxury. Key gambling houses are beauties of such capitals as Minsk (Belarus), Yerevan (Armenia) and Tbilisi (Georgia). «Shangri La» casino in Tbilisi has even received the prestigious Golden Brand award as the best casino in Georgia in 2016.
All «Shangri La» casinos comply with Responsible Gambling principles towards players, guarantee security and confidentiality. The new casino in Riga is to meet high world’s gambling standards as well.
Storm International is represented on the European market as well. There is a chain of slot-halls “Storm Casinos” in Germany. All of them are decorated in a unified modern style with mirrors, wood, designer furniture and luxurious carpets. “Storm Casinos” offers unique entertainment shows for guest in addition to slot machines, video poker and electronic roulette.
“SL CASINO RIGA” INTENDS TO BECOME THE BEST CASINO IN LATVIA
The new SL Casino in Riga will elevate gambling business of Latvia to a new level. It will be located in the five-star hotel, which will be opened in September 2017.
The popularity of Shangri La casino chain allowed the company to enter new markets. Key business model is to offer a high level of comfort for people with high incomes. Thanks to its unique interiors, natural wood trim and exquisite handmade design elements, the Storm International’s “Shangri La” brand has gained popularity amongst the most demanding public.
The new casino of Latvia “SL Casino Riga” will be located in the heart of Riga. It is only 20 minutes away from the international airport and situated in the beautiful hotel. Nearby there are all of the Latvian capital’s key sights to see.
By the way, building of the hotel itself has its own history. It is located in the building of the famous Soviet hotel “Riga”. And soviets had placed one in the historic “Rome” hotel which was popular among aristocrats, musicians, actors and writers of the end of the 19th century.
Guests of «SL Casino Riga» will be able to stay in comfortable renovated rooms, take an advantage of the services of 2 restaurants and 3 bars, a spa and wellness center, a gym and a swimming pool, a Russian and a Finish saunas.
Alex Kravets was responsible for the hotel new interior look. He is one of the famous British designers. The decor uses frescoes, marble elements, wooden furniture and French artists’ art works.
“SL Casino Riga” is one of the best casinos in Riga. It creates a unique gambling atmosphere. The luxurious interior of it is made in the Art Deco style. The halls are dominated by soft colors and subdued lighting. Here everything is created for the comfort of guests. It is one of the best places in the city with variety of opportunities to relax and enjoy the popular games.
The premises of the new casino in Riga are located on two floors. On the ground floor there is a cozy sports bar and a hall with the most modern slot machines with a separate entrance. On the second floor there are halls with gaming tables.
Following good «Shangri La» brand tradition, there is VIP area in casino. X.O. is its name. It is specially designed for “SL Casino Riga” guests who prefers a private atmosphere and high stakes game. It is an oasis of comfort for those who is used to get only the best. Due to the guaranteed confidentiality, well designed club system and best in class service, Shangri La XO has well established gambling house reputation in Europe.
New Shangri La casino in Latvia offers all of the most popular games:
• dozens of slot machines;
• several types of poker;
• roulette;
• blackjack.
The grand opening of the casino in Riga is scheduled for the middle of October.…
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Source: EEGaming.
Alejandro Navarro
Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform
Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.
Opening Casino Ownership to Everyone
The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.
This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.
“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.
Direct Profit-Sharing Through Tokens
Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.
“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.
Global Growth of Online Casino Ownership
The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.
Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.
The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.
New Opportunities for Investment
Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
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