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FortuneJack Taking Bitcoin Gambling to the Next Level

Posted on April 2, 2019April 1, 2019 by Martin S.

FortuneJack, an online crypto-based casino that allows its users to enjoy the real casino from the comfort of their homes has been all the buzz lately thanks to its wide array of dice games, different kinds of online slots, betting games and roulette. Having been around since 2013, the gaming platform has built a reputation for itself as a provider of top-notch gaming experiences that have recently been complemented by the launch of their new mobile gaming platform that is definitely going to resonate with the modern breed of gamers who love to do everything on the go.

Being one of the pioneering crypto-powered gaming platforms, FortuneJack has grown to become a household among crypto gamers. To make things even better, the platform has managed to significantly puss up its portfolio of digital currencies – in essence, it allows you to place bets using virtually any mainstream cryptocurrency. The list of available digital currencies includes bitcoin, Ethereum, Litecoin, Dogecoin, Zcash, Dash, Bitcoin cash, and Monero.

Other Perks

The impressive number of supported currencies aside, FortuneJack has a ton of other great features that will certainly appeal to almost all kinds of players. In essence, the platform checks all the right boxes and thus it is likely that it will have most of the features that are found in other top online gambling sites.

One of the most notable of these features is the FortuneJack design as well as its user experience, both of which have been improved significantly over the years. Even the recently introduced mobile version of the site is, by all means, just as good or even better than most of the available online casino offerings. Now only does the apps feature an extensive game catalog but it also packs better navigation features that make playing on it a breeze regardless of where you are using a smartphone or a tablet.

More importantly, safety and security are key considerations for players in the modern age especially with regards to financial transactions. FortuneJack features provably fair games that are decided by a truly defined by a truly random RNG (Random Number Generator). Combined with the power of blockchain technology, the platform offers some of the best security features in the online gaming industry.

In addition to all this, FortuneJack also has a neat portfolio of games that are compatible across all compatible devices. More recently, the company recently debuted a Bitcoin Sportsbook that allows players to bet on a wide range of sporting events including basketball, hockey, soccer, volleyball, and football. Moreover, the online gaming platform also offers a ton of promotions such as free spins as well as weekly promotions like cashback and decreased house edge as well as many others.

Macau Casino Plans to Build World’s First Blockchain Casino

Posted on October 24, 2018October 24, 2018 by Laura P.

Despite a significant decline in prominent blockchain-based digital currencies such as bitcoin due restrictions that are being enforced by the governments of countries like China, there are still large and prevalent communities of cryptocurrency enthusiast in those areas. Similar restrictions have been imposed on gambling activities within the same areas.

However, in the peninsula of Macau which is the Chinese licensed Mecca of gambling activities, casino operator known as DeClub Macau has come up with a new idea to take advantage of the high demand for cryptocurrencies. For this, the casino has already inked a partnership with Wide Rich Global Company, a Maltese investment firm, to bring gambling and blockchain technology together.

DeClub, in its press release, said that Wide Rich Global Company intends to buy the casino so as to build the what the duo is referring to as the “world’s first blockchain-based casino gaming hub with fully integrated online and land-based casinos.” Wide Rich hope to fund the purchase by offering an Initial Coin Offering (ICO) which will hopefully bring in as much as $1 billion.

“The tokenization of chips, casinos and their surrounding entertainment service providers will be able to build a pan-gambling business ecosystem together, so that people with varying business needs – from tourism to business meetings, to shopping – can all gain easy and cost-effective access to customized and prestigious services on their mobile devices,” Wide Rich Global Company’s officials stated in a recently released white paper.

Once the sale of the 20 billion DEC tokens is complete, De Club International will move forward with its plans to apply for a junket promoter license in Macau – this is because it intends to open multiple land-based gambling facilities both within and outside of the Macau region. The company has allocated about 35 percent of the funds from the token sales to the acquisition and licensing of said casinos.

Bypassing the Limitations of the Gambling Industry

Apparently, the prime motivator of this project is the need for a viable solution to the untrustworthy nature of the gaming industry. The project is aimed at achieving transparency are trustworthiness using blockchain technology – in essence, the project managers are counting on the fact that it is easy to conduct research, investigations or digital forensics on blockchain-based serves.

China has in the recent past had a very strained relationship with cryptocurrencies. The country also penalizes gambling outside Macau despite the obvious demand for it, but with blockchain technology, it will be much harder for the country’s government to implement these restrictions since users can gambler using a number of digital currencies anonymously.

There are, of course, a number of challenges that stand in the way of the project – the fact that Macau does not allow blockchain gambling yet, for instance – but with just enough lobbying, it will be a reality sooner than we may anticipate.

GVC and MGM Forge $200 Million Joint Venture

Posted on July 31, 2018 by Laura P.

MGM Resorts International and GVC Holdings on July 30 announced that they have established a 50/50 joint venture worth a whopping $200 million. The venture will see to the creation of a world-class sports betting and online gaming platform and comes in the wake of the recent United States Supreme Court ruling that created a plethora of new opportunities by lifting the federal ban on sports betting.

Both companies have proven track records and by joining forces, they will be bringing together distinguished brands, market-leading assets, extensive industry expertise, and experience as well as prove and scalable proprietary technology that will certainly revolutionize the gambling industry in the United States. Furthermore, the joint venture is going to be a catalyst of sorts for the speed to market for both MGM and GVC – it will not only occur in a prudent and efficient manner but it will also lower execution risks while at the same time creating meaningful early mover advantages.

“We are proud to join forces with GVC, the largest and most dynamic global online betting operator, with existing reputable and trusted operations in the U.S. With MGM Resorts’ expertise and leading position in key markets across the U.S., this historic partnership will be positioned to become the instant leader in technology, market access, sports relationships, and brands. We are excited to benefit from GVC’s proprietary, best-in-class technology, digital customer acquisition expertise, and experience with adapting to new operating environments. GVC is unusually qualified due to their existing operations in the U.S. Together, we are creating a one-of-a-kind platform that we expect will dominate the U.S. sports betting market,” the Chairman and Chief Executive Officer of MGM Resorts International, Jim Murren commented.

GVC, which has grown rapidly through a number of lucrative acquisitions including last year’s purchase of Ladbrokes, has been trying to get its share of the U.S. market. This joint venture with MGM will grant it access to 15 states with close to 90 million people. In addition to this, the MGM and GVC joint venture will get have access to all the land-based and online sports betting facilities in the United States while integrating both MGM’s and GVC’s customer loyalty programs.

“MGM Resorts is a world-leading entertainment business and the most trusted name in gaming, with the highest quality brands and management, and strong sports connectivity. This combined with GVC’s technology and experience in successfully building online gaming businesses across multiple markets presents a truly exciting opportunity for U.S. players and our respective shareholders. To be able to team up with a partner with such pedigree and knowledge, particularly in the U.S., is a real opportunity for GVC,” Kenneth Alexander, the GVC Chief Executive Officer said.

Bitcasino.io Intensifies Focus on Mobile and Adds Ethereum

Posted on July 25, 2018July 24, 2018 by Laura P.

Leading bitcoin-led casino operator Bitcasino.io has made yet another pioneering step forward with some neat features that are tailored specifically to improve its user experience by integrating both a new mobile-first cashier and Ethereum as a payment method alongside bitcoin.

Bitcasino.io’s new mobile-first cashier function is fully optimized and therefore works seamlessly with all mobile or handheld devices. This will allow the operator’s customers to easily track deposits and withdrawals. Also, now that Ethereum has also been added to the mix as an accepted payment method, players who prefer to use the digital currency, which is, by all means, the second most popular cryptocurrency in the world, can now use it on the platform without worrying about any form of conversion. In addition to this, the players will also be able to take advantage of BTCXE, an industry-first fiat-to-bitcoin currency converter that is available on the platform.

“Mobile betting has never been more popular, so it makes sense for us to cater for players to offer the best service possible. We’re always looking to innovate and stay one step ahead of our rivals, and that’s exactly what we are doing with the launch of our mobile-first cashier and addition of the world’s second most valuable cryptocurrency. We are positive players will love both additions,” said Tauri Tiitsaar, the Head of Casino at Bitcasino.io. “We are positive players will love both additions.”

Both of these new features have been introduced in a rather timely fashion as they are now going to be key defining features of the platform especially because it is at a time where mobile gaming is at an all-time high and cryptocurrencies are becoming even more popular. In essence, the move to launch the two features will give players more control over their gaming experience while at the same time keeping in line with the company’s goals of providing a fun, fast and fair casino experience.

Still the Best

Bitcasino.io was founded in 2014 as part of the Coingaming Group. Its unique approach involved a focus on bitcoin, something that has paid off quite well considering the extent to which digital currencies have grown since then. The platform features an extensive, expansive and quality casino product offering that consists of over 1,400 games. These games include a number of the most popular and fan-favorite table games, slots, and live dealer casinos from some the gaming industry’s leading casino software suppliers.

The games are hosted on Bitcasino.io’s proprietary platform that has been developed by some of the best designers and software engineers in the industry. The result is an optimized and outstanding experience that every player will certainly appreciate.

The casino operator also takes pride in being one of the most enjoyable and trustworthy casino gaming services, with withdrawal times of about 1.5 minutes which is amongst the fastest in the gaming industry as well a neat set of the latest and greatest security measures.

European Court of Justice Affirms Online Gambling Guidelines

Posted on February 21, 2018 by Laura P.

The European Court of Justice (CJEU) has dismissed a petition from the government of Belgium that sort for the annulment of online gambling guidelines that had been outlined by the European Commission. The said European Commission (EC) guidelines relate to consumer protection from online gambling.

According to the Belgian government, the EC had overstepped its Treaty-based competences when it issued the guidelines and this was the foundation for their petition. It asked the CJEU to tear down the guidelines which, as per the terms laid out by the EC, were mainly meant to develop a higher degree of consumer protection.

However, the CJEU junked out the petition while pointing out that the guidelines did not interfere with the rights of member states to regulate online gambling services within their jurisdictions. The guidelines which were published in 2014 contain a number of recommendations that are aimed at developing a higher degree of consumer protection (mentioned earlier), as well as preventing or rather protecting minors from the world of gambling. The Belgian government maintained that the guidelines interfered with the sovereignty of member states and thus their competences to regulate national gambling markets had also been impaired.

In the CJEU’s ruling, the defining statement said that “the General Court was able properly to conclude… that [the] recommendation does not have and is not intended to have binding legal effects, with the result that it cannot be classified as a challengeable act.”

The EGBA Welcomes the Decision

The CJEU’s decision has been welcomed by a number of stakeholders in the gambling industry, including the renowned European Gaming and Betting Association (EGBA) which has always publicly supported the full implementation of the European Commission’s guidelines. Though the EGBA and EC are not legally bounded to back each other, EGBA has been fully behind the guidelines which, as the association points out, will encourage member states to prioritize consumer welfare and at the same time promote a vibrant gambling ecosystem within members of the EU.

EGBA’s officials laid it all out in a statement that said: “The standards adequately compliment the European Committee for Standardization’s (CEN) workshop agreement on Responsible Remote Gambling Measures, which EGBA members voluntarily adhere to and are regularly audited against.”

In addition to the association’s general statement, its Secretary-General, Maarten Haijer said, “We welcome the decision by the Court and strongly support the Commission’s guidelines for online gambling services which aim to protect consumers and minors across all EU Member States.”

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