BetCoin Rises to the top

A Bitcoin Revolution!

Enter BetCoin, the Bitcoin-only gambling platform which has introduced the industry to the alluring combination of Bitcoin's complete user anonymity and provably fair, traceable gameplay. Bitcoin going mainstream may be the hot topic for the year, but the online gambling industry is on the way to achieving this already, unveiling a transformation Satoshi would be proud of.

"In contrast to many of its competitors, BetCoin designed and built their system from the ground up with cutting edge technologies to focus completely on crypto currency, rather than retrofitting old fiat casino systems." Said Wayne B

While the majority of online gamblers are still using fiat, this move has turned out to be a shrewd one, with BetCoin already outpacing its competitors, including bitcoin casino industry stalwart SatoshiDice.

Bet to the last Satoshi

BetCoin capitalizes on this and offers entertainment for players who would otherwise be unable to participate due to banking/monetary restrictions, "Users can place bets as low as 0.00000100BTC. The accessibility model does not belie a target market solely lower-end customers, however. "BetCoin's large venture-capital backing allows them to offer the highest maximum bets of any Bitcoin Casino, giving any person with internet access a chance to play and win big, regardless of financial status"

BetCoin capitalizes on this and offers entertainment for players who would otherwise be unable to participate due to banking/monetary restrictions.

Because of the investments, it has allowed BetCoin's developers to produce an impressive set of credentials. Games are provided using state-of-the-art security and HTML5, mobile-enabled graphics, while "provably fair gambling" technology is used to create the outcome of each game, which is done using SHA256 AND SHA512 encrypted hashes, in such a way that the outcomes cannot be tampered with, and are truly random."

Source: cointelegraph.com

SoKor Bitcoin Casino Seeks Asian Customers

The List Of Online Casinos Using Bitcoin Is Getting Longer and Longer!

With a large number of gamblers eager to spend their money playing casino games, the Asian market has a huge potential. The only trouble is online and mobile casinos are not only illegal, but also blocked in several Asian countries, where laws tend to be very restrictive and authorities impose harsh punishments on anyone who dares to break them.

Satoshinori, a company operating from South Korea, is hoping to draw a big chunk of those gambling-thirsty Asian customers. Virtual currency is often used to dodge anti-gambling laws by avoiding traditional payment processing and Satoshinori is the latest addition to the list of online casinos using bitcoins. The website is available in Korean, Japanese, Chinese, Vietnamese and English. 

For now, the website doesn't offer online blackjack, but it does have a variety of multi-players games, including Seven Card Poker, Texas Hold-em and Matgo. Some of these game can only be played at Windows Explorer.

Testing the market

The South Korean website went live in May and is currently in beta testing. Players are welcome to participate and communicate their observations to the casino staff, via email. The team did not set a date for the full launch yet. An announcement published on the site says: "We will officially open when we finish the beta service."

It is Legal

When it comes to gambling with virtual currency, the biggest concern is the legality of the whole thing. Several Asian states – such as China or most American states – forbid playing online casino games for money. But the trick is… bitcoin is not real money; it’s virtual currency. It’s a completely unregulated market, because most states don’t even recognize it as a currency.

Source: virtualmining.com

First UK Gambling Billionaires!

BET365 Owners Become The First UK Gambling Billionaires!

Bet365 owners, the Coates family, have become the first UK gambling billionaires according to the latest figures pulled out of thin air from the makers of the Sunday Times Rich List of 2014.

Who are the biggest hitters in the UK gambling industry?

According to the annual outing of the Sunday Times Rich List it's Peter, Denise and John Coates, who have become the first billionaires of the UK betting industry, with their Bet365 baby pulling in an estimated £1.2bn fortune (more than the combined wealth of The Queen, Elton John, Jamie Oliver and David Bekham).

It's been a fantastic year for the Potteries based family. Not only has their online business been bringing in the bucks, but their side venture Stoke City enjoyed the highest Premier league position in their existence, after the appointment of Mark Hughes helped catapult them to a ninth place finish. So who else was making a splash in an ocean full of cash?

Talal Shakerchi is a name that should be familiar with CalvinAyre readers. He recently spoke to us about the action in the High Roller events, and whilst he is not in the gambling industry per se, his success at the poker tables means our beady eye will be kept on him. The founder of Meditor Capital appears in the Sunday Times bible on two occasions. Not only does his £100m fortune warrant a 898th place berth, but he is the only recognized face in the Sunday Times Giving List with an estimated 4.79% of his wealth being donated to 'various' beneficiaries.

Another top class businessman who likes to play some high stakes poker in his spare time is Paul Newey. The 45-year old sold the Tamworth based Ocean Finance in 2006 for £200m, and he played alongside Shakerchi in the 2012 BIG ONE for ONE DROP at the World Series of Poker (WSOP). Newey once again making the grade in the list that he doesn't really want to be on.

Other online gambling fat cats include Ruth Parasol and Russ Deleon - who together are worth an estimated £740m. Parasol was the founder of PartyGaming and made a mint during the merger with Bwin. None of the 25 richest people in Europe had anything to do with gambling. but we still have quite a few people to mention in the Uk top 1,000.

Source: calvinayre.com

Bitcoin Casino News Flash

William Hill launches Android app to follow up iOS download success

William Hill has launched its Android application and will include live streaming of horseracing and in-play radio as part of its mobile betting offering. The app complements the bookmaker’s iPhone version, which has been downloaded 1.5 million times, the group said.

Juergen Reutter, operations director at William Hill Online, said the Android app was “a significant and important milestone in our goal. Mobile is growing phenomenally quickly and is a fantastic way to engage with our customers anytime, anywhere".

Bitcoin Casino News Flash

Bitoomba Factory and The Pirates 3D Slot will now join Bitoomba's six other Bitcoin slot titles. While Bubbles Factory offers a more traditional online slots game to users, The Pirates 3D Slot is Bitoomba's first high-definition 3D slot game.

User can access the new titles on a desktop computer or via any mobile browser of smartphones and tablets in the iOS and Bitoomba casino, an online casino platform for the Bitcoin virtual currecny, has announced the addition of two new slots games to its Bitcoin game portfolio.

Check the latest bitcoin casino news at bitoomba.com