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Alive Casino launches new platform combining virtual reality and blockchain
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Alive Entertainment Company, a Cost Rica-based gaming developer, have launched a new casino platform that combines virtual reality and blockchain technologies. What is special on the platform is that users have an opportunity to play games on a land-based casino and experience the full features of virtual reality and a 360-degree view of games. The company has also started exclusive private sale its token. It plans to sell 15 per cent of its AL tokens to raise the funds for development of the platform. The AL tokens have their value set at $0.015 per unit, which can be purchased against payment in ETH.
While Alive Casino has not set a minimum limit for token purchase, there is a maximum cap of 75 ETH in place for each buyer. In addition, the token sale participants contributing 1 ETH or more also stand to receive a 15 per cent bonus along with a chance to win HTC VIVE VR headset.
The Project
The Alive Casino project is based on the principles of “keeping things alive.” It intends to create a living, thriving and secure gaming alternative for gambling enthusiasts. Having set a clear vision, the platform, empowered by a highly capable team is working on implementing them in a step-by-step process. Divided into short-term and long-term vision, Alive will be focusing on the following
In the short-term:
Creating strategic partnerships that can help implement a global gaming environment, complete with games, analytics, customer support, etc.
Community building by onboarding like-minded gamers, crypto-experts and enthusiasts.
Constant research and development to introduce new features and further improve existing offerings.
Creating its own VR game titles
Token
The AL token is based on ERC20 standards, and it acts as a utility token fuelling the platform’s economy as well as the blockchain functions. As more people join Alive Casino, the use of AL is set to rise, creating demand and increased liquidity. As an incentive to those contributing towards its mission, Alive Casino will have a profit distribution process in place, where 40 per cent of the profits will be shared with token holders. To receive pay-outs, token holders must store ALs in Alive Hold Wallet.
The platform will maintain the demand for AL in the market by burning 5 per cent of the token revenues every three months.
Those interested in possession of AL tokens can do so by participating the in the ongoing token sale process. In order to ensure global participation, the platform has made the whole process easier. Participants can directly send ETH from their wallets to the smart contract. The sale is also open for US residents, and the address used to send ETH will be considered for the selection of HTC VIVE VR headset winners during the private sale, which will be decided based on a random draw once 75 ETH is raised during the exclusive private sale.
Transferring funds to the platform has been made possible through Alive multi wallet system. The wallets will be personal, as per user’s preferences and more secure since everything will be done on the blockchain. The multi wallet system will also come in handy in helping users store both fiat and multiple cryptocurrencies. It will also protect the users from any untoward circumstances which might affect the platform itself as they will have their balances saved within their own wallet and not on the platform.
Source: NewsBTC
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Kambi Group plc repurchase of shares during 16 April – 22 April 2025
Kambi Group plc (“Kambi”) has during the period 16 April to 22 April 2025 (the “Buyback Period”) repurchased a total of 36,500 ordinary shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi’s shareholders and to give the Board increased flexibility with Kambi’s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
During the Buyback Period, Kambi repurchased a total of 36,500 ordinary shares at a volume-weighted average price of 115.13 SEK. From the beginning of the Programme, which started on 6 November 2024, until and including 22 April 2025, Kambi has repurchased a total of 1,252,000 ordinary shares at a volume-weighted average price of 108.82 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
Date | Aggregated daily volume (number of ordinary shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
16 April 2025 | 14,000 | 113.84 | 1,593,739 |
17 April 2025 | 14,000 | 116.46 | 1,630,402 |
22 April 2025 | 8,500 | 115.08 | 978,193 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 22 April 2025, Kambi’s holding of its own shares amounted to 1,252,000 and the total number of issued shares in Kambi is 29,903,619 ordinary shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/
The post Kambi Group plc repurchase of shares during 16 April – 22 April 2025 appeared first on European Gaming Industry News.
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BMM TESTLABS EXPANDS ITS REACH AND NOW TESTS AND CERTIFIES GAMING PRODUCTS IN THE UNITED ARAB EMIRATES
BMM Testlabs (“BMM” or “the Company”), the world’s original gaming test lab renowned for exceptional product compliance and certification services, today announced its official approval to test gaming products for the United Arab Emirates’ licensed lottery – The UAE Lottery – and commercial gaming program.
This approval comes from the General Commercial Gaming Regulatory Authority (“GCGRA”), which holds exclusive jurisdiction to regulate, license, and supervise all commercial gaming activities and facilities, including lottery, internet gaming, sports wagering, and land-based gaming facilities. BMM’s certification falls under the ‘Independent Testing Laboratories’ category.
BMM Testlabs’ Chief Executive Officer Martin Storm said, “We are excited and deeply honored that the GCGRA has entrusted BMM Testlabs with the responsibility of testing products for their new lottery, land-based, and digital gaming program, knowing that we’ll do so with the highest levels of impartiality, technical expertise, transparency, efficiency, and, most of all, integrity.”
BMM Testlabs brings 44 years of global leadership in product compliance across regulated markets and is trusted by games, systems, and lottery manufacturers, suppliers, developers, and regulators worldwide.
In addition to product compliance testing, BMM Testlabs’ BIG Cyber provides end-to-end cybersecurity protection solutions, including penetration testing, vulnerability assessments, PCI:DSS evaluations, and managed security services. Through RG24seven Virtual Training, BMM also offers compliance-grade virtual training on responsible gaming, anti-money laundering, and other important topics – presented by industry experts and available in multiple languages.
The post BMM TESTLABS EXPANDS ITS REACH AND NOW TESTS AND CERTIFIES GAMING PRODUCTS IN THE UNITED ARAB EMIRATES appeared first on European Gaming Industry News.
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Paysecure partners with DECTA to enhance global payment capabilities
Paysecure, a trusted payment orchestration platform, is proud to announce its latest partnership with DECTA, an international payment processing company.
This collaboration reflects Paysecure’s ongoing commitment to offering merchants access to a diverse, competitive, and high-performing payment ecosystem.
The collaboration with DECTA is a key step in Paysecure’s ongoing strategy to deliver greater value to merchants worldwide by ensuring they benefit from improved approval rates, competitive pricing models, and efficient payment flows. For Paysecure, it’s another milestone in building a curated network of top-tier PSPs, enabling its clients access to
the most reliable and cost-effective payment partners.
“We are excited to be working with DECTA, a proven provider of payment services to the European markets. DECTA brings a wealth of experience and capability to support Paysecure in its mission to bring a wide choice of payment providers and methods to our customers. Customers can direct transactions to DECTA via Paysecure’s orchestration platform providing a competitive, secure and reliable partner for their payment processing requirements.” — Mike Peplow, Chief Strategy Officer and Head of Partnerships at Paysecure
“At DECTA, we’re always looking for ways to enhance payment experiences for businesses worldwide. Partnering with Paysecure allows us to combine our expertise and technology to deliver more seamless, efficient, and scalable payment solutions for B2B merchants. Together, we’re creating new opportunities for growth and innovation, and we’re excited about the impact this collaboration will have on our partners and their customers.” — Scott Dawson, CEO at DECTA
Through this partnership, Paysecure continues its mission to simplify payments and empower merchants with choice, flexibility, and performance, through a single integration point. By working with established providers like DECTA, Paysecure enhances its orchestration capabilities, driving smarter routing, faster settlements, and global scalability for its clients.
The post Paysecure partners with DECTA to enhance global payment capabilities appeared first on European Gaming Industry News.
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