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European Gaming Congress 2024

iGaming Industry

Why Gambling and Cryptocurrencies are a Uniquely Beautiful Match

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Why Gambling and Cryptocurrencies are a Uniquely Beautiful Match

Many casinos now accept cryptocurrencies, which is a great development especially for people that appreciate the convenience that technology brings. In fact, many people equate the use of cryptocurrencies in online gambling portals to a match made in heaven and every gambler who has knowledge about blockchain technology should look embrace cryptocurrencies at one of many sites now accepting this form of deposit.

It is easy to follow the arguments of the proponents of Bitcoin and its use in gambling. Some of the reasons they offer are:

You Can Use Cryptocurrencies where Fiat Currencies aren’t Allowed

Players that live in jurisdictions where authorities have severely limited online gambling are often unable to gamble on real money online casino or bingo games. And, this is easy to enforce because the said authorities only have to make it illegal for players to cash their wins using banks to make the bans effective. However, because of the decentralized nature of cryptocurrencies, such players are able to play various casino games with real money stakes.

Cheaper Costs of Transactions

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Transactions fees for depositing Bitcoin into or withdrawing them from your gaming account is negligible. This is because this method of payment eliminates the litany of banks and other financial merchants that under the traditional methods of transactions, are always waiting to have a slice of your win every time you use their services. In the end, players on Bitcoin casinos save a lot of money that they can then add to their gaming war chest.

No Chargebacks

Chargebacks present what is probably the worst experience a gambler wants to go through. Yet, they are a norm even in the highly organized gambling ecosystems of the U.K. Bitcoin casinos have eliminated chargebacks because it isn’t possible to reverse blockchain transactions. In fact, since it is easy to trace all such transactions, startups are already thinking of providing more innovations to make both online casinos and cryptocurrencies even more functional for the benefit of players.

Faster Payouts

Cryptocurrency withdrawals and deposits into and from gaming accounts are instant. Because of this, players now prefer Bitcoin casinos since they can enjoy many real money online casino games, win, and get their hands on the prize money a lot faster than is normal.

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Using cryptocurrencies minimize cases of fraud

Fraud is not new to online casinos. In fact, most sites have invested in the latest encryption technology, just to keep cybercriminals, phishing and con artists at bay. However, all these aren’t necessary on cryptocurrency casinos since the blockchain technology upon which these currencies are built has innate security features that halt theft.

The world out there has an entire ocean of prospective cryptocurrency gamblers. The only thing keeping them away now is probably because they still have insufficient information about digital currencies. As soon as they learn how these currencies work then the online gambling scene will see a lot more players signing up.

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The post Why Gambling and Cryptocurrencies are a Uniquely Beautiful Match appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

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Source: EEGaming.

Canada

SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence

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SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.

Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.

The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.

SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.

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Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.

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4Play

Fast Track Enters into Partnership with 4Play

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Fast Track, the leading player engagement platform built specifically for the iGaming industry, has partnered with 4Play, a dynamic and innovative gaming operator renowned for its exceptional player experiences in both casino and sports betting.

Launched in 2023, 4Play has rapidly gained recognition in the industry, primarily targeting the burgeoning Brazilian market. With a commitment to delivering unparalleled entertainment, 4Play offers its players a seamless experience in Portuguese, featuring popular gaming verticals such as casino and sports betting.

4Play’s decision to integrate Fast Track CRM comes as part of its strategic initiative to bolster player retention and streamline operations through advanced automation. Fast Track’s robust platform will enable 4Play to automate complex player journeys, ensuring each interaction is personalised and timely.

“We are excited to partner with Fast Track to elevate our player engagement strategies. Their innovative approach to CRM and their commitment to creating individualised player experiences align perfectly with our vision for 4Play. We look forward to leveraging their platform to enhance our player retention and operational efficiency,” Mateus Ihering, Chief Operating Officer of 4Play, said.

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Fast Track’s CRM platform, recognised for its real-time data capabilities and comprehensive automation suite, will support 4Play in achieving its business goals. By automating player communications and optimising the registration journey, 4Play aims to significantly increase its number of depositors while maintaining a high level of engagement among its 148,000 monthly active users.

Simon Lidzén, Co-Founder and CEO of Fast Track, said: “We are delighted to welcome 4Play into the Fast Track family. Their innovative spirit and dedication to providing top-tier player experiences make them an ideal partner. Together, we will set new standards in player engagement and retention, ensuring that 4Play continues to thrive in the competitive iGaming landscape.”

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Andrés Tamayo

Pragmatic Play Enhances FullReto Partnership with Virtual Sports Addition

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Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto.

The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.

Fantastic League, Greyhound Racing, and the thrilling motor racing-themed Force 1 are among the games now available to FullReto customers as the operator looks to capitalise on the rapidly increasing popularity of Virtual Sports to consolidate its position as a leading platform in Colombia.

The multi-product partnership reaffirms Pragmatic Play’s intentions to expand its offering in the LatAm markets, with FullReto now offering a vast catalogue of Pragmatic’s award-winning games across three verticals.

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Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is delighted to reinforce its partnership with FullReto by providing its players with access to its renowned Virtual Sports games. The deal not only emphasises Pragmatic Play’s desire to provide Colombian players with an exciting online gaming experience, but also demonstrates the supplier’s dedication to furthering its Latin American expansion.”

Andrés Tamayo, General Manager at FullReto, said: “FullReto’s continued collaboration with Pragmatic Play highlights our main objective of supplying the optimal player experience. The addition of Pragmatic Play’s Virtual Sports offering, on top of its Slots and Live Casino games, will ensure FullReto players have access to hundreds of fan-favourite games across a variety of verticals.”

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