Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Asia

Vegasino Aims to Disrupt Online and Crypto Casino Experience

Published

on

Reading Time: 3 minutes

 

One stop destination for both high rollers and casual players, Vegasino is all set to revolutionise the online and crypto casino experience. With thousands of demonstrably fair games available to play, the multichain casino has been designed by the award-winning team behind Nevada Casino from the ground up to address existing online gambling limitations and issues. With a strong community backing, new and old investors alike can feel secure knowing that this loved, tried and tested project with its steel-like foundation has nowhere to go but up.

Launching soon on the Binance Smart Chain, the team behind Vegasino has reimagined the crypto gambling experience to streamline it and make it simpler and easier for people to play. The platform boasts multichain support and accepts a variety of cryptocurrencies for playing. Deposits and withdrawals are ultrafast, guided by the team’s single-minded focus to deliver the best crypto gambling experience online. The entire platform has been designed to maximise fun and accessibility for players.

Kajrak, Vegasino’s CTO, said, “We took what we learned from Nevada and put it together with our users’ feedback to create something that will be truly a game changer in the space.”

Advertisement

$VEGAS is the native token of the platform and is currently in the presale phase. The token is designed to bring value to the platform and give governance powers to its community. In addition to it being the native asset of a desirable crypto casino project, $VEGAS also benefits from the team’s commitment to reserve 20% of the platform’s profits for buyback and burn. This ensures a constantly rising floor for $VEGAS. Holders will also be able to stake their $VEGAS tokens for a generous 33% APY.

Vegasino will also allow other crypto projects to form partnerships and bring additional value to their communities. Vegasino also benefits with additional revenue streams, more users and greater visibility for the platform.

Starkess, Vegasino CFO, said, “Good marketing is essential for any project to succeed and our business model allows the casino to market itself. We are truly excited with all the partnerships we have in the works.”

Early investors will be familiar with how hard it normally is to get into presales for promising projects such as Vegasino. The team has come up with a unique solution to address this issue and make the process fair for everyone. Anyone interested in becoming an early investor will be able to secure for themselves one of the highly exclusive and rare Vegasino Alien NFTs. Each of these unique NFTs cost 0.25 BNB and gives its holder a whitelist spot, and in turn the ability to invest anywhere between 1 and 5 BNB (the native token of the BSC) into the presale. If that was not enough, the team has several utilities planned for these NFTs going forward. The first announced utility for Vegasino Alien NFTs is staking, giving a juicy 300% APR.

Vegasino’s casino platform is powered by Owl.games. The OWL team only works with prestigious gaming providers such as Evolution, Microgaming and Pragmatic Play and guarantees the fairness of the games provided. Accessible on both desktop and mobile, the casino boasts thousands of games including favourites such as Table Games, Poker and Slots to mention a few. The casino also offers sports betting.

Advertisement

To truly capture the atmosphere of live gambling in Vegas, Vegasino will regularly host various tournaments where players will be able to test their mettle against other players and prove their dominance.

The team recognises the importance of security and has committed to several security audits for its smart contract. The first audit will be with InterFi, to be completed before launch. A CertiK audit for the new contract will also follow later.

Vegasino will start a comprehensive post-launch marketing campaign and will be listed on both CoinMarketCap and CoinGecko. PD Cypher, the Marketing Manager, said, “We know what works in the space. Our marketing will be focused and results oriented.”

Continue Reading
Advertisement

Asia

2 RAIDS NET 10 CHINESE, 26 PINOYS FOR ILLEGAL GAMES, ONLINE SCAMS

Published

on

2-raids-net-10-chinese,-26-pinoys-for-illegal-games,-online-scams
Reading Time: 2 minutes

The Philippine Amusement and Gaming Corporation (PAGCOR) today said 10 Chinese nationals and 26 Filipinos have been arrested in two separate operations against illegal gaming operations and online scams in Laguna and Parañaque City since Tuesday.

The first operation in Biñan, Laguna on Tuesday, May 1, resulted in the arrest of 16 people who were running an illegal online raffle on Facebook. The raiders are from the Philippine National Police Anti-Cybercrime Group (PNP-ACG) and the PAGCOR security group.

The suspects, which run the FB Page Lucky Dream 4, were caught red-handed in their office located inside a subdivision while livestreaming their 50th raffle event.

Earlier today, May 2, another group of suspects that included 10 Chinese nationals were arrested by joint elements of the CIDG-NCR and PAGCOR inside a house in Multinational Village, Parañaque for violation of the Anti Trafficking in Persons Act (RA 9208), Alien Registration Act (RA 562) and Cybercrime Prevention Act (RA 10175).

Advertisement

PAGCOR Chairman and CEO Alejandro H. Tengco said the arrests are part of the state gaming agency’s intensified campaign against illegal online gambling and other illicit activities through strengthened collaboration with law enforcement agencies.

“We have been receiving reports of illegal online activities including those in social media platforms. As the country’s gaming regulator, it is our duty to protect the public – especially the youth — from these illegal online gambling sites,” he said.

PAGCOR Senior Vice President for Security Cluster Raul Villanueva said Lucky Dream 4, which has 111,000 followers on Facebook, was conducting live online raffles that offered second-hand modified motorcycles as prizes.

Villanueva said that in one raffle event, the group can sell an average of 40,000 to 50,000 tickets, with each ticket costing Php40.

“They have amassed over Php8 million from the time they started this illegal online operation because in one draw, they can sell as many as 50k tickets,” Villanueva said.

Advertisement

“Ang masaklap nito, karamihan sa miyembro ng grupong ito ay kabataan. Ang pinaka-matanda sa kanila ay 27 years old pa lang,” he said.

“The Lucky Dream 4 group is obviously engaged in an illegal online gaming activity. Negosyo na ang ginagawa nila. They need to secure a license from PAGCOR if they want to operate an online gaming platform,” Villanueva added.

In the Parañaque raid, Villanueva said authorities arrested seven male and three female Chinese nationals believed to have been part of a group that managed to escape from an earlier raid on a large gaming compound in Bamban, Tarlac last March.

Nine Filipino female workers were also rescued, while one 1 Filipino male serving as a bodyguard was arrested for possession of an undocumented .45 caliber pistol.

The raiders also confiscated around 75 mobile phones, 30 desktop computers, 50 laptops, assorted credit cards, two cars and one motorcycle along with assorted Chinese government documents.

Advertisement

Two vaults were also found in the house located at 18 Teheran Street inside the exclusive subdivision.

Police said the Chinese suspects were engaged in scamming activities such as love and cryptocurrency scams similar to the illegal activities in the Bamban, Tarlac compound which was raided last March.

The post 2 RAIDS NET 10 CHINESE, 26 PINOYS FOR ILLEGAL GAMES, ONLINE SCAMS appeared first on European Gaming Industry News.

Continue Reading

Asia

Esports media platform TalkEsport raises $1 million in pre-series A funding round

Published

on

esports-media-platform-talkesport-raises-$1-million-in-pre-series-a-funding-round
Reading Time: 3 minutes

TalkEsport, India’s leading esports media platform, announced today the successful closure of its pre-series A funding round, securing a significant investment of $1 million from Saswat Ventures. The substantial investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Founded in 2011, TalkEsport was set up with a vision to bring timely news and updates to gaming communities worldwide. As India’s oldest esports media platform, the company now caters to millions of gamers worldwide through its website and social media channels. TalkEsport plans to utilize the investment to scale up its core website while launching a highly interactive application for its audience and setting up a state-of-the-art production studio in Mumbai. Through it, the company will be launching exclusive content IPs focused on gaming and esports.

“We are delighted to welcome Saswat Ventures as our strategic partner,” exclaimed Deepak Ojha, Founder and CEO of TalkEsport. “Their belief in our vision and commitment to the esports ecosystem align seamlessly with our mission to redefine gaming experiences globally. With this investment, we will be scaling up our newsroom to cater to gaming communities worldwide while launching new content IPs targeted towards Indian and international audiences.”

Saswat Ventures, a family fund set up by Mr. BL Sharma, Principal, shares a vision of catapulting TalkEsport into a global phenomenon. Mr. Sharma has businesses across the country and expressed his confidence in TalkEsport’s potential to revolutionize esports media and connect with a vast audience of passionate gamers worldwide, “We believe in TalkEsport’s potential to become a global platform for esports enthusiasts worldwide.”

Advertisement

Trilochan Sharma, a seasoned expert in compliance matters, joins TalkEsport’s board as the Director of Compliance. His wealth of experience will ensure adherence to regulatory standards and bolster the company’s governance framework.

In addition to this pivotal investment, TalkEsport is proud to announce key developments that highlight its commitment to innovation and growth:

Production Studio in Mumbai

TalkEsport is excited to unveil its state-of-the-art production studio in Mumbai. This cutting-edge facility will serve as the epicenter for creating high-quality esports content, launching content IPs, live broadcasts, interviews, and immersive gaming experiences.

Pranav Nalawade, the Editor-in-chief of TalkEsport, said, “Our new era of esports coverage will begin not only with TalkEsport’s revolutionary approach in publishing news and covering esports events but also high-quality esports content courtesy of our new production studio. As one of the oldest esports media platforms, we have built an audience that relies on us for our history of trustworthy and reliable news. Now, we want to double up on this audience, reforming the way content around esports is consumed in India and abroad through podcasts, media, short-form content, and analytical stories – both in the form of video and text.”

Advertisement

Upcoming Mobile App Launch

Furthermore, TalkEsport is gearing up for the launch of its mobile application soon. This innovative app promises to redefine how gamers access news, engage with esports communities, and participate in live tournaments, all from the convenience of their mobile devices.

“Proceeds of the $1 million will be utilized in creating a robust team of gaming enthusiasts and expanding our global reach,” added Deepak. “This investment not only propels TalkEsport’s growth initiatives but also fuels our mission to provide unparalleled experiences for esports enthusiasts worldwide.”

Through its application, esports viewers will be able to get live coverage of esports tournaments, scores, and interviews. Additionally, they will be able to participate in community tournaments, thus providing an end-to-end immersive experience from the convenience of their mobile devices.

The media company continues to lead the charge in transforming the esports landscape, fostering community engagement, and pushing the boundaries of gaming innovation. The company’s dedication to excellence, coupled with strategic partnerships and visionary leadership, sets the stage for an exciting chapter in esports media.

Advertisement

The post Esports media platform TalkEsport raises $1 million in pre-series A funding round appeared first on European Gaming Industry News.

Continue Reading

Asia

Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET

Published

on

delasport-signs-a-sports-deal-with-philippines’-leading-regulated-operator-okbet
Reading Time: < 1 minute

 

Award-winning iGaming supplier in regulated markets Delasport has just signed a sports deal with Philippines’s number 1 operator OKBET.

The leading software developer will provide sports-services to their new partner, enhancing the experience of sports bettors in the Philippines even further.

“We’re proud to supply our services to such a strong partner as OKBET, and to an exciting and steadily growing market as the Philippines”, Delasport’s CEO Oren Cohen Shwartz comments on the agreement.

Advertisement

Regulated Philippines is marking a stable 5% year-to-year growth with the number of users expected to reach almost 6 million by 2029.

This is yet another deal for Delasport, with the global supplier’s expansion in regulated markets happening at full force.

Same goes for OKBET who have been holding the number one operator spot in iGaming in the Philippines for a long time now.

“I’m excited that OKBET and Delasports are joining forces to redefine the landscape of online sports gaming in the Philippines”, OKBET’s COO Wayne Thong also comments on the deal. “This partnership combines OKBET’s local market expertise with Delasports’ global industry leadership, creating new opportunities for innovation and customer satisfaction. OKBET and Delasports share a common vision for the future: a vibrant and dynamic platform that caters to the diverse interests of sports enthusiasts. By combining cutting-edge technology with a deep understanding of user preferences, this collaboration aims to set new standards for the industry.”

The post Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Trending

Get it on Google Play

Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Gaming News Room is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania