iGaming cryptocurrency and blockchain solutions provider DAOGroup has unveiled what it says is the industry’s fastest blockchain-based platform. 

According to the Singapore-based company, its platform, which offers transaction times as short as a second, has been designed to “revolutionise” mainstream blockchain-based gaming.

DAO’s platform is available as a white label solution, enabling operators to offer no-deposit gaming and real-time payouts in what it says is the industry’s “first workable format.” 

By making use of super-fast finality to determine a provably fair outcome almost instantaneously, DAO’s platform eliminates the need for players to deposit funds ahead of playing. Instead, winnings and losses are taken or added to players’ digital wallets via the use of smart contracts.

DAO’s hyper-fast solution overcomes the problems stopping other blockchains from being used effectively for iGaming – for example, Ethereum can take over 15 minutes to reach any level of probabilistic finality. 

Discussing the news DAOGroup CCO, Glen Bullen, said:

“We’re dedicated to transforming the iGaming industry’s understanding and use of cryptocurrency and blockchain technology, with the launch of our platform coming at a pivotal time when that conversation is returning to the mainstream. 

“Crypto-based gaming has proved bullish in the last few months and we’re here to start bringing its benefits into the mainstream for operators. 

“As well as offering an entire ecosystem for the development and migration of blockchain-based games, we’re able to offer the industry’s fastest and most reliable platform with no-deposit mechanics and real-time pay outs.”

Earlier this year, the company also unveiled its DAOWallet, which delivers an advanced cryptocurrency-fiat gateway, enabling operators to offer third-party crypto transactions without the need for additional AML and compliance procedures. 

AYO.NEWS says:

If DAOGroup’s blockchain platform lives up to its promises, it clearly has the potential to catalyse the mainstream adoption of blockchain and smart contract tech in the iGaming space. 

Staying with DAOGroup, in June the company announced it had entered a referral agreement with PartnerMatrix. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Malta-based Gaming Innovation Group Inc. (GiG) reports Q2 2020 revenues of €16.7 million and an EBITDA of €2.8 million.

Financial Highlights

• Continued quarterly growth with revenues in Q2 2020 of €16.7m (11.3), 47% growth Y/Y and 49% Q/Q
• EBITDA in Q2 2020 was €2.8m (1.5), 93% growth Y/Y and 382% Q/Q. EBITDA margin of 17.0% (13.0%)
• Revenues in Media Services were €8.6m (8.6) in Q2 2020, EBITDA was €4.8m (4.7) with all time high for Paid
• Revenues in Platform Services were €8.2m (4.2) in Q2 2020, EBITDA was €-0.9m (-1.1)
• EBITDA for Sports Betting Services improved to €-0.9m (-1.5) due to reduction in operating expenses by 44%
• Cash flow from operations in Q2 2020 was €10.1m (3.2) and cash used in investing activities was €1.5m (3.5).

Operational Highlights

• The B2C vertical was divested to Betsson effective on 16 April 2020, with Betsson as a new long term customer on Platform Services
• Media Services continued its quarterly growth in both revenue and FTDs, up 5% and 22% respectively
• SkyCity’s successful online expansion in 2020 confirms GiG’s ability to transition a land based casino to online
• Signed long-term agreement with GS Technologies Limited for the provision of GiG’s platform and front-end development to a new casino brand
• The sales pipeline developed positively, however some of the final contract negotiations was delayed as land based operators came to terms with actions around Covid-19
• Cost savings initiatives are progressing according to plan, which is expected to further reduce operating expenses by year end 2020
• The number of employees decreased from 709 to 487 year-on-year
• The SEK300 million bond was repaid on 22 April 2020.

Events after Q2

• Signed three new long-term agreements for GiG’s platform including sports and managed services, further agreements are expected to be signed before year end
• The positive development continues after Q2, July revenues on adjusted basis were up 38% compared to same period last year
• The revenue guiding for continued operations for 2020 are increased to between €52 – 57 million, with an EBITDA expected in the range of €12 – 15 million.

Reflecting on the quarter GiG CEO, Richard Brown, said:

“Q2 was a strong start for GiG as its first quarter as a B2B only company, and the signings after the quarter confirm further my confidence that the Company can continue to grow and flourish which will deliver shareholder value in the years to come.”

Staying with GiG, last week the company announced it had signed a head of terms agreement with Grupo Slots, with a view to entering the Buenos Aires online gaming market in Argentina. 

CT Gaming Interactive has received certification for the Colombian iGaming market. 

After passing a rigorous certification process, CT Gaming’s titles can now be offered by locally licensed operators in the rapidly growing Colombian market. 

Discussing the news General Manager at CT Gaming Interactive, Lachezar Petrov, said:

“The players can access our best-performing titles as 40 Mega Slot, 40 Treasures, Chili Fruits, Duck of Luck, Fire Dozen shortly. The entry of CT Gaming Interactive into the Colombian market marks the latest significant achievement for us.

“We are dedicated to finding the best distribution channels for the game content and we are in the final stages of negotiations with the biggest operators on the market. We are sure that we have a very exciting road ahead.”

CT Gaming Interactive is also certified in Spain, Italy, Bulgaria, Czech Republic, Croatia, Latvia, Malta, Romania, and Switzerland.

AYO.NEWS says:

The Latin American market is booming, and Colombia is leading the way with its European-style regulation. For European suppliers looking to scale, the region offers massive long-term potential, countries like Peru, Panama, and Argentina starting to open up to online gaming.

Interested in finding out more about Latin American slot markets? Don’t miss our exclusive interview with Vera Motto, Business Development Executive at Habanaro. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020

Casino game and software developer Red Tiger has partnered with white label gaming platform provider, The Mill Adventure. 

NetEnt-owned Red Tiger will be providing its full portfolio of video slots, including Pirates’ Plenty, Dragon’s Fire, and the newly released Gonzo’s Quest™ Megaways™, to Malta-based The Mill Adventure. Along with slots, The Mill Adventure will also gain access to Red Tiger’s Daily Drop Jackpots Network. 

Commenting on the deal, Commercial Director at Red Tiger, Chris Looney, said:

“Expanding our audience has always been the focus here at Red Tiger and we are excited to provide our cutting-edge games to The Mill Adventure’s growing customer base. The platform is a perfect match for our innovative offering, and we look forward to entertaining even more players.”

While Co-Founder and CEO of The Mill Adventure, Dario Arruda, added:

“The new launch is the next step in achieving our company’s vision of becoming a digital entertainment leader. Red Tiger has fast become one of the biggest names in gaming, so it was only fitting that we offer their hugely successful content to our partner brands.”

All original content featured on this site is © Pentagon Digital Limited, 2020

With Latin American iGaming markets like Colombia booming, and nascent markets like Argentina coming online, Simona catches up with Vera Motto, Business Development Executive at Habanero, to talk about the exciting opportunities in the region, and the company’s recent partnership with US-based Rush Street Interactive.

You can find out more about Habanero at https://habanerosystems.com/ 

On August 11 at 15:00 CET one of the biggest registrars in Europe, Internet Vikings, will conduct a free webinar on efficient domain management. The event will be open to everyone and will help attendees to learn how to protect brands on the Internet.

Registering domain names requires thoughtful planning. Any company striving to build a solid online presence must create an efficient system that will protect its assets, specifically brand name. Lacking strategy on the stage of registration could cost a company a significant amount of resources in the future.

Being aware of that, Internet Vikings has chosen efficient domain management and brand protection as the topic of their next webinar. It will be conducted on August 11 from 15:00 to 15:30 CET and will be open to everyone wanting to attend. 

During this 30-minute event, participants will learn:

• how to use data to find, evaluate and buy domains
• how to acquire the name registered by someone else
• how to resolve disputes and handle regulations upon registration 
• how to monitor competition activities

The speaker of the webinar is the founder and CCO of Internet Vikings Rickard Vikström. He has been working in the IT-industry since 2004. Being actively involved in this business for more than 15 years, Rickard and his team have helped hundreds of customers all over the world to secure their assets. 

“Creating an effective system is not that difficult if you know some key principles. Our goal with this webinar is to present these principles and suggest some practical tips to implement them”, says Rickard.

To join the event, click the link below and fill out a simple form. This the event is definitely worth of 30 minutes of your time :
https://internetvikings.clickmeeting.com/how-to-protect-your-brand-with-domain-names/register

This webinar will not be the first one conducted by Vikings. Last month they organized the event devoted to hosting optimization where Rickard shared ways to reducing expenses for hosting and creating an efficient IT-environment.

About Internet Vikings

Internet Vikings is a Swedish-based provider of hosting, domain names and IT-solutions for securing online visibility. The company was founded by Rickard Vikström and Victor Jerlin in 2008. Since 2015 Internet Vikings has been focusing on iGaming as the primary market and has attracted several well-known operators, like Green Jade Games and Wunderino, as their clients. Over the last year, Internet Vikings significantly increased their potential when such prominent iGaming experts as Jesper Kärrbrink, Peter Ekmark, and Stefan Backlund joined their team to become the Chairman of the Board, CEO, and Board Member, respectively.