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In Wake of Stake.com Hack, Cloudbet Reiterates Importance of Security Across Industry

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Crypto betting pioneer Cloudbet urges companies across the industry to continue to revisit all protocols in the wake of Stake’s loss of $41M to an apparent hack.

“In many ways, an attack on one is an attack on all, and this industry only thrives if our users know with all possible certainty that their funds are safe and secure,” a Cloudbet spokesperson said. “This incident is a reminder that the industry must continuously put in place the most robust security protocols possible.”

Since its launch in 2013, Cloudbet has been at the forefront of security in the crypto gaming industry. In that time, the operator has securely processed hundreds of millions of transactions, and many of Cloudbet’s security measures have since become standard practice industry-wide.

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Cloudbet’s Multi-Layered Security Architecture

Cloudbet security is built on a multi-layer system of safeguards underpinned by hot and cold wallet storage, multi-signature approvals, and multi-party computation (MPC), along with various added measures to protect player funds:

  1. Cold storage of all customer funds.
  2. Multi-party computation (MPC) wallets.
  3. Multi-signature approvals on all fund transactions.
  4. Additional layers of approval and two-factor authentication (2FA) for larger transactions.
  5. Highly secure, physically distributed management of private keys and recovery codes.
  6. Sophisticated circuit-breaker protocols based on real-time reconciliation of withdrawals with product accounts.

In addition, every quarter, Cloudbet conducts internal fire drills to strategize, practice contingency plans, and update those plans to keep ahead of the latest industry security standards.

“While incidents like Stake’s are rare, we must all remain vigilant to maintain the trust that users have been placing in us on a daily basis for the last 10 years,” the Cloudbet spokesperson said.

“We are firm believers that crypto is pioneering an exciting new world of financial freedom, and that gaming and betting can help lead that effort. But we also believe that in order for us to realize that world, we have to put security at the front line of crypto. No matter how flashy and glamorous the Premier League is, players aren’t safe to play without some very serious on-field security.”

Amusnet

Amusnet Expands Latin American Presence Through Strategic Partnership with bet365 in Peru

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Amusnet proudly announces its partnership with bet365 in Peru. This collaboration supports the provider’s broader expansion strategy, reinforcing its commitment to growth within key emerging markets. Both companies are set to capitalize on the increasing demand for high-quality, engaging gaming content across Latin America.

“Partnering with bet365 in Peru represents a significant step in our journey to expand across emerging regions in Latin America. By aligning our strengths with such a respected operator in the industry, we are positioned to solidify our commitment to offering dynamic and engaging solutions that cater to the region’s demands,” said Nikola Georgiev, Senior Sales Manager at Amusnet.

A bet365 spokesperson said:  “We are proud to extend our partnership with Amusnet into the Peruvian market. Their combination of slots, perfectly fit bet365’s Games product and they will be a welcome addition for our Peruvian customers.”

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Gambling in the USA

Gaming Americas Weekly Roundup – November 11-17

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Golden Entertainment Inc. reported financial results for the third quarter ended September 30. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, the Company’s Board of Directors authorised the Company’s recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024.

Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation and culinary excellence. The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si.

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Galaxy Gaming Inc., the world’s largest independent developer and distributor of casino table games and technology announced, at a special meeting of its stockholders held on November 12, 2024 (the Special Meeting), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (Evolution), Evolution AB (publ)’s wholly owned subsidiary. Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.

Caesars Virginia has announced that its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space.

Partnerships

NGX has entered into a strategic partnership with Sportradar, a global leader in sports integrity solutions, which collaborates with more than 180 sports federations and leagues. The agreement aims to support the Brazilian football federations of Rio Grande do Sul, Paraná and Pará, providing detailed reports to ensure the integrity of sporting events and combat fraud.

EvenBet Gaming has announced the launch of its advanced poker solutions in partnership with JugaMax, one of the largest and most respected casino operators in Paraguay. This strategic collaboration marks EvenBet’s debut in the Paraguayan iGaming market, solidifying the company’s expansion within Latin America. The newly established partnership enables the integration of EvenBet Gaming’s poker offering on the JugaMax platform.

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Jackpocket, the leading lottery app in the US, and Barstool Sports announced a new collaboration naming Jackpocket as the “Exclusive & Official Digital Lottery Partner of Barstool Sports”. The deal with Barstool follows Jackpocket’s parent company, DraftKings, announcing a similar agreement with the media company in February 2024. This collaboration centers around the integration of Jackpocket in Barstool’s content. Fans can participate in the lottery alongside some of Barstool’s biggest names such as Dave Portnoy, Big Cat & PFT from Pardon My Take – the leading sports podcast in America, Wallo & Gillie from Million Dollaz Worth of Game and more.

The post Gaming Americas Weekly Roundup – November 11-17 appeared first on European Gaming Industry News.

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Making an Impact: Slammer Studios Debuts “Magawa vs Mines”

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Introducing Magawa vs Mines, the debut game from Slammer Studios – a fresh new player in the industry. With the launch of this vibrant 7×7 slot, the studio is kicking things off in style.

Inspired by the legendary Magawa, a rat whose life-saving landmine detection skills have earned worldwide acclaim, this game pays tribute to this incredible hero. With Magawa vs Mines, players get to honour the courage of an extraordinary rat, reliving his daring missions through high-energy gameplay.

You’ll join forces with Magawa on his latest life-saving mission, spinning the reels to reveal the remarkable rat at work. But it’s the flurry of features where things get truly explosive.

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For example, there’s the Rat Run – launched by landing a Rat Wild and Mystery Mine on the reels. When this is triggered, Rat Wilds run to the nearest Mystery Mines and set off the Mystery Reveal feature. Base Game Mines are also triggered via the Rat Run, revealing mystery symbols on the grid. You can buy a bonus too, helping you scuttle towards success even quicker.

Don’t forget to try and set off the Chain Reaction, which is randomly triggered after Mystery Reveals or winning combinations. This in turn triggers extra Mystery Mines, creating more space for more winning symbols and leading to — yep, you guessed it — a chain reaction of big wins!

There’s Free Games too, triggered by revealing three Scatters or more on the reels. When these games are on the go, Mystery Mines turn golden with multipliers attached… the perfect way to help you win up to 20,000x your bet.

Get ready to join the adventure when Magawa vs Mines launches on November 28, 2024. This exciting debut from Slammer Studios is set to bring impactful gaming to players everywhere. Don’t miss your chance to dive into the action and experience the bravery of Magawa first-hand!

The post Making an Impact: Slammer Studios Debuts “Magawa vs Mines” appeared first on European Gaming Industry News.

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