iGaming Industry
Exclusive Interview with Dariy Margaritov, CEO of UltraPlay
Our colleague, Szaló Réka talked to Dariy Margaritov who is the Chief Executive Officer of UltraPlay, an entrepreneur and visionary with strong background and experience in online gaming, eSports and bitcoin.
First of all, thank you very much for accepting this interview. I would like to ask you to shortly introduce yourself to our readers.
Margaritov: Founder and CEO of UltraPlay – the leading eSports betting solutions provider worldwide. An entrepreneur delivering high-quality results and creating breakthrough programs and initiatives.
When and why you started working in this industry?
Margaritov: I started back in 2001 as an affiliate, as I saw the market holds quite the opportunity at the time. I was mostly involved in sportsbooks and casinos. Then in 2010 decided to found UltraPlay, as a software development company for the online gambling industry.
The company you represent, UltraPlay, constantly innovates, presents new products and is a leader in this sector. What is the key of your success?
Margaritov: Team’s dedication to each aspect of the company’s business is very crucial to our success. The company is assembled by a team of iGaming and IT professionals who are constantly developing state-of-the-art products and betting solutions. Our proactive approach allows us to set the bar higher and lead the industry’s trends so that we successfully establish ourselves as market leaders in many aspects of the online gaming business.
Having been the first in a very dynamic industry such is gambling, we have achieved to establish Blockchain technology back in 2012 with the first Bitcoin-based online gaming casino on the market. Since then we have recorded tremendous increase in the players’ usage of Bitcoin as a payment method. Solidly building our grounds, we are now experiencing the results of our dedication and innovative vision as Blockchain-based projects in various industries are blooming right now.
The aim of your company is to build the most advanced platform by constantly innovating and keeping up to date with the new technologies. This is a very difficult task. How can you overcome the difficulties this rapidly changing industry faces you?
Margaritov: Gambling is a very fast-developing sector following the latest technology and business trends. It has its specifics and challenges that with the right approach can be turned into advantages. With our vision and mission to provide highest quality products and services, we were able to become one of the leading iGaming providers worldwide. Our diverse portfolio of the hottest online betting solutions nowadays is a strong advantage for us.
Betting on eSports is becoming more and more attractive to traditional bookmakers as it’s appealing to the next generation of players. In the beginning, we were the one to promote our eSports betting solution. Now the products we develop stand for itself and operators are coming directly to us as the market leader providing unrivaled eSports betting data and advanced gaming platform.
Will you please tell us our readers what role you undertake in the company’s life? What are your tasks and responsibilities?
Margaritov: As CEO of UltraPlay, I oversee the business operations and activities, client service and management in order to make sure the company’s mission to deliver innovative and high-quality products to all customers is achieved.
What are the major problems, challenges this industry has to face and what solutions would you suggest for these problems?
Margaritov: Our aim to improve certain aspects of betting that players experience motivated us to start the eGold project and Buff 88 platform and offer a Blockchain-based betting. You can see the whole idea on: www.egold.gg. Briefly, through Blockchain technology the two major industry’s problems – lack of transparency and the insufficient security are easily solved through eGold tokens. On the other hand, Buff88 will offer a disruptive solution for a Blockchain-based betting. What does that mean? The blockchain functionality ensures that each bet once placed is absolutely secured – it can’t be deleted, it can’t be declined, it can’t be limited, your stake is locked until the match is over and your profits will be automatically paid out thanks to the smart contracts.
Tell us please about the future plans, projects of UltraPlay.
Margaritov: Leading the eSports betting on a global scale, we excel our expertise and gain first-hand experience that will be transformed in many new projects the company will be involved in the future. Our sports betting offerings are going to be further expanded with our own solutions and services that clients can use and enjoy. We are constantly upgrading Playfinity – our advanced betting platform. Such as its name, the platform endless ways for players to feel the next level of online betting.
What upcoming events is the company focusing on nowadays and how prepared is the company for these events?
Margaritov: We started our project eGold, which is going to change the eSports betting scene with its disruptive nature and cutting-edge technology. Blockchain is evolving so fast that comes along with diverse challenges and opportunities. They can transform the whole betting ecosystem at some point.
Who is your favorite actor or actress?
Margaritov: Robert De Niro
Where would you travel the most in Central Europe?
Margaritov: Czech Republic and Croatia
What motivates you? What does motivation and success mean to you?
Margaritov: The desire for growth pushes me every day. To know that you’ve achieved a lot means the world to me. There is nothing like seeing your company grow and be recognized in the industry.
About UltraPlay:
UltraPlay is a modern technological company, founded in 2010, with the core ambition to offer an innovative approach to the online gaming industry by providing advanced betting solutions, focused on eSports, sports betting, casino, live betting and bitcoin solutions.
Assembled by a team of iGaming professionals with vast experience in betting product development, operations, eSports and marketing, UltraPlay is a trusted partner for delivering superior sports software and odds products to its customers. Learn more about the company here.
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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.
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, 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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