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Mario Mosböck Partners With CoinPoker to Build the Best Online Poker Site, Showcasing PoR on the Blockchain
Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals.
Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard.
In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker site.’
Users can read CoinPoker’s proof of reserves report here.
Building A Top Online Poker Site With Cryptocurrency
Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but increasingly ranked among the top online poker sites by the likes of Card Player Magazine, PokerScout and Techopedia.
Unlike conventional internet poker sites that use fiat currency, on CoinPoker players bet with Tether (USDT) and the site is able to take advantage of the blockchain to show user funds are safe and segregated.
Online poker was rocked by the Full Tilt Poker scandal in 2011, in which user funds were co-mingled with operating funds, and the company went insolvent in the industry’s ‘Black Friday’.
Many top poker sites increasingly accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing contingent to go ‘all in’ and embrace it for all actions at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or its own native token CHP which unlocks 33% rakeback for holders.
For added security, CoinPoker also makes use of Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify the randomness of after every hand, utilizing Ethereum’s Keccak-256 algorithm.
CoinPoker Sign Mario Mosböck, Patrick ‘Pads’ Leonard
28 year old Mario Mosböck, who played as a forward for Austrian Football club Wiener Neustädter SC, recently made a name for himself on the live and online poker scene.
He now has over $11.7 million in recorded live tournament earnings, including a first place finish at the Triton Super High Roller Series in Jeju for $1.1 million, and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.
Source – triton-series.com
Mario players under the screenname ‘livinmydream’ on CoinPoker, often seen in high stakes battles in $25/$50 PLO cash games and higher.
Patrick Leonard is a former PartyPoker ambassador and currently ranked 38th on the England all time money list by the Hendon Mob poker database. His total live earnings exceed $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million have seen the 35 year old often rated among the best online MTT players in the world.
https://x.com/padspoker/status/1821575144504172892
Also a highly regarded poker coach, Patrick mentors mid stakes players to improve their games, with some of the grinders under his wing going on to win EPT, WCOOP and SCOOP events.
He describes his goal at CoinPoker to help ‘create the safest and best online poker room in the world’ and worked alongside the site to produce its proof of reserves report.
Proof of Reserves on the Blockchain
On its PoR report, CoinPoker writes:
‘CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Proof of Reserves refers to the assets we hold in custody for users when they deposit funds into their accounts.
Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.’
At this time, CoinPoker customer deposits total approximately $16 million, and the total assets held in reserve to cover those is just under $16.75 million, equal to 105% of deposits.
The exact amount of player deposits is updated dynamically every few minutes on the coinpoker.com website.
Links are provided to view those funds on the blockchain via etherscan.io, blockchain.com, bscscan.com, and other crypto tracking sites depending on the token.
The majority of funds are held in cold storage for security, with some in hot wallets to process instant withdrawals – players can deposit and withdraw funds within minutes via a MetaMask wallet or a crypto exchange account.
To celebrate releasing the report, CoinPoker also announced an exclusive promotion for players to gain free entry into the upcoming $40k GTD Sunday Special tournament, on the company’s Instagram and other socials.
About CoinPoker
Licensed in Curaçao, CoinPoker is available for free download on Windows and Android devices, hosting No Limit Hold’em, Pot Limit Omaha and other game types across real money cash game and tournament formats.
New players earn a 150% up to 2000 USDT matching bonus on their first deposit, and holders of the site’s native cryptocurrency CHP earn 33% rakeback on their play.
Links
- Website – https://coinpoker.com/
- Instagram – https://www.instagram.com/coinpoker/
- Twitter – https://x.com/CoinPoker_OFF
- Telegram – https://t.me/OfficialCoinPokerAnnouncements
- YouTube – https://www.youtube.com/@CoinPoker_TV
- Reddit – https://www.reddit.com/r/coinpoker/
- 2+2 – https://forumserver.twoplustwo.com/292/online-poker-sites/coinpoker-ex-official-bringing-game-back-players-1716591/
This article is provided for informational purposes only and is not intended to be construed as legal, financial, or tax advice. Readers should not rely solely on the information presented herein and should consult with their own legal, financial, or tax professionals regarding their specific situations. The author(s) and publisher make no representations or warranties concerning the accuracy or completeness of the information contained in this article. Reliance on any information provided in this article is solely at your own risk.
The post Mario Mosböck Partners With CoinPoker to Build the Best Online Poker Site, Showcasing PoR on the Blockchain appeared first on European Gaming Industry News.
As the UK Gambling Commission announces the launch of its consultation on proposed new rules for gaming machines, Nick Arron, lead partner for the Gambling Team at Poppleston Allen urges stakeholders to ensure they are heard
The UK Gambling Commission this week announced the launch of a 16-week consultation, seeking input on proposed new rules for gaming machines in retail venues.
The consultation focuses on technical standards and related testing strategy and aims to improve consumer protection through a number of proposed changes. The consultation is due to end on May 20.
Nick Arron, lead partner for the Betting and Gambling Team at Poppleston Allen, encouraged stakeholders such as operators and licensees to have their say on what impact these proposed changes will have, including the potential costs.
He said: “Robust stakeholder engagement is an important part of this progress. It’s important that operators have their say so that the regulatory framework balances both consumer safety and industry sustainability.
“Changes will require affected businesses to update their processes and technologies to ensure that any changes are not only implemented by the required date but also properly enforced.
“As this consultation progresses, operators will need to weigh the implications of adopting these new standards, not least the cost. While the intention is to enhance consumer protection, businesses must carefully assess the operational and financial implications of the proposed changes.
“While the Gambling Commission’s initiative is a positive step in prioritising consumer safety, the real challenge will be ensuring that the proposed regulatory adjustments are manageable for businesses already operating under thin margins.”
Tim Miller, Gambling Commission executive director for research and policy, said: “We recognise that regulatory changes that impact the design of machines can come with considerable costs.
“We are encouraging consumers, gambling businesses and other interested groups to share evidence that will assist us in measuring both the likely regulatory impacts of the proposed changes and the likely costs of implementing them.
“This evidence will be invaluable to helping make a robust assessment on whether the benefits to consumers are proportionate to the costs involved.”
The post Why stakeholders must be vocal as part of UKGC consultation on gaming machines appeared first on European Gaming Industry News.
Pateplay is thrilled to unveil its latest strategic partnership with WWin, a premier online operator in Bosnia and Herzegovina.
Martin Yonovski, BDM & CMO at Pateplay, on the collaboration: “Partnering with WWin is a significant step forward for Pateplay. We’re eager to combine our strengths and expertise, and we’re confident this collaboration will open new doors for growth and huge success for both parties”.
Through this alliance, Pateplay is further accelerating its global expansion efforts, poised to achieve extraordinary milestones and deliver unparalleled experiences to players worldwide.
The post Pateplay’s newest partner in Bosnia and Herzegovina appeared first on European Gaming Industry News.
GoldenRace, leading provider of award-winning Virtual Sports and betting solutions, is thrilled to announce the renewal of its Maltese certification, successfully tested by BMM lab and approved by the Malta Gaming Authority (MGA). This renewed certification keeps unlocking opportunities in Romania, Poland, Serbia and other MGA-regulated territories, giving operators a golden ticket to tap into new revenue streams in highly regulated markets.
In Romania, where 88% of the population has internet access, the online gambling market is thriving, offering significant opportunities for operators to attract a tech-savvy audience. Serbia, ranked 8th in Europe for gambling revenue, continues its rapid expansion with over 2,200 betting shops and a flourishing online gambling sector. Meanwhile, Poland’s well-regulated and mature market is a compelling destination for operators seeking sustainable growth.
Any games that have been approved under its newly recertified license in Malta, are also eligible for inclusion under its Class II license in Romania, upon the successful completion of the ONJN approval process. While this certification eases the path in these markets, local regulators may require additional approvals. Operators are advised to present these certifications to their respective regulatory authorities to ensure seamless compliance.
Markets on the rise demand winning content
Compliance may open the door, but content is what keeps players loyal. GoldenRace is helping operators target new demographics and grow market share by offering an incredible portfolio of certified games.
In markets such as Romania and Serbia, football is the main revenue force. GoldenRace continues to dominate this space with its newly certified football games, including its most new football format and games such as Football League, World Cup, Euro tournaments (Champions League & Euro League), La Libertadores and Single Soccer.
With online sports betting making up 58% of Romania’s gambling market and Serbia’s sports betting sector projected to grow by 4.93% between 2025 and 2029, GoldenRace has certified games such as Penalt2Win, Basketball 3×3, Horse and Greyhound racing, MMA (Single & Tournament) and several thrilling motor racing titles, such as Grand Prix Indianapolis 60, Motorbike and Speedway racing.
Eastern Europe’s enduring love for number-based games creates another profitable avenue for operators. Certified games such as Keno & Keno Deluxe, Spin2Win (Royale & American) and Perfect6 are designed to meet the unique preferences of players in these regions.
Insights show that players in Poland and neighboring regions prioritise financial rewards, with 56% listing it as their top motivator for gambling. For those players seeking big payouts potential, Crash Games are leading the charge. After a stellar debut in GoldenRace’s Crashmas campaign, games like Jet Escape, Boom Ball Juggle, Fire Crash, Bank Run and Meteoroid are now part of the certified portfolio.
The post GoldenRace fuels growth in Europe with renewed MGA certification appeared first on European Gaming Industry News.
Why stakeholders must be vocal as part of UKGC consultation on gaming machines
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