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Increase Your Online Betting Odds with Cashback Offer from STICPAY
With the finals of EURO 2020 and Wimbledon fast approaching (both Jul 11) and the summer of sport continuing with the Tokyo Olympics, sports betting fans face a wealth of exciting opportunities to have a flutter. But even if you don’t win big with your bets this summer, a new 10% cashback offer from e-payment wallet provider, STICPAY, could make any losses easier to bear.
Sports betting is a huge global industry and accounts for an estimated 30-40% of global gambling revenue. The industry reached a market size of $203bn in 2020 and employed almost 200,000 people in 31,000 businesses.
According to statista.com, 45% of sports bets are placed using a mobile phone and the online gambling market is expected to be worth more than $92.9bn in 2023. This is a huge jump from the $59bn the market was valued at in Sep 2020 and highlights the rise of online gambling.
The cancellation of live events due to the pandemic will have impacted figures for 2020/21, but the return of sporting events this summer is set to boost the industry’s fortunes. As a rough guide there were more than 10 million bets placed during the 64 matches of the 2014 World Cup in France. This summer’s combination of EURO 2020, Wimbledon, Olympics and more will have online betting firms placing their bets on increased customers.
It’s fun and adds to the excitement of live sports, but there are things to be aware of when entering the world of online betting too. Aside from the risks associated with any form of gambling, online gambling could be subject to the same threats as any online activity, so you need to ensure your money is safe and that hackers won’t all of a sudden have access to your bank account or credit cards. There are many online betting firms around the world to choose from, but whichever you decide on, using an e-payment wallet, such as STICPAY, adds an extra layer of security to protect your money. Paying for your bet using your STICPAY wallet means your bank account or credit card details are never exposed to a third party.
Also STICPAY strictly screens both its merchants and consumers with regular KYC and AML checks. The company also employs advanced anti-fraud measures to eliminate threats and protect its customers.
An additional benefit to the STICPAY e-wallet is that payments can be made instantly in the currency of your choice, removing the need and cost of currency conversions. So, whether you are in Singapore betting on the Grand National in England, or in the South of France betting on the Tokyo Olympics, a STICPAY e-wallet makes it easy, immediate and secure – and the current 10% cashback offer makes this the perfect summer to try it out.
Client Service Director at STICPAY, James Bay, said: “We are conducting so much of our lives online now that it is essential to have a trusted, secure, convenient and easy to use means of making payments online. Paying directly with debit or credit cards online is not secure enough to protect us from the sophisticated hackers that are actively looking to steal people’s payment details, so that is why having an e-wallet like STICPAY is essential. Online sports betting and gambling can be a lot of fun and add to the excitement of live sporting events, but only if you know you are dealing with a trusted payment partner.”
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.
Sportradar Group AG today announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1, 2024. Felenstein joins the Company from Lindblad Expeditions where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl.
Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein served as Chief Financial Officer at Lindblad Expeditions, a global leader in expedition cruises and adventure travel, where he oversaw the company’s global finance organization, as well their corporate development, information technology and human resources functions. In his role as Sportradar’s Chief Financial Officer, Felenstein will lead the company’s global finance, accounting and investor relations functions. Felenstein has a unique blend of financial rigor and operational insight and will partner with the rest of the executive leadership team to advance the company’s key strategic initiatives and grow the business while maintaining strong relationships with the investment community. He will be based in New York.
Carsten Koerl, CEO, Sportradar said: “With Craig’s deep international experience and successful track record building finance organizations as a CFO at US listed public companies, I am confident that he will be a strong addition to our team. His track record of helping drive financial strategy and building shareholder value will be instrumental to our continued success. We want to express our deep gratitude to Ger Griffin for his meaningful contributions to Sportradar during a transformational growth period for our Company.”
Prior to his tenure at Lindblad, Felenstein served as Senior Vice President of Investor Relations and Strategic Finance at Shutterstock where he oversaw all interaction with the investment community while leading the financial planning and analysis and corporate development functions. Prior to Shutterstock, he served in various management roles at Discovery Communications, LLC, including Executive Vice President of Investor Relations. At the same time, he was a member of the executive team for several of Discovery’s businesses including serving as the Chief Financial Officer of Digital, Chief Financial Officer of US Network Revenue and Chief Financial Officer of Animal Planet. Prior to Discovery Communications, he held senior positions at News Corporation, Viacom Inc., and Arthur Andersen & Co.
Felenstein said: “Sportradar has built an impressive leadership position in the rapidly growing global sports technology market and the Company is ideally situated to deliver sustained growth given their strong content portfolio, unmatched product offerings and commitment to industry innovation. I am excited to work with Carsten and the entire Sportradar team, as well as the Board of Directors, to capitalize on the significant growth opportunities ahead and deliver additional value to our clients, partners and shareholders.”
In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm.
The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.
What is Bitcoin Halving?
The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block.
Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.
Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.
Exploring the Impact of Bitcoin Halving on the iGaming Industry
To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.
- Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
- Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
- Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector.
Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”
Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
The post Should iGaming Be Worried About 2024 Bitcoin Halving? appeared first on European Gaming Industry News.
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
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Should iGaming Be Worried About 2024 Bitcoin Halving?
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