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QTech Games breaks new ground with The Vault
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Asia’s top distributor launches stunning new heist game at its VIP ASEAN after-party at Nobu Manila
QTech Games, Asia’s number-one games distributor, signed off a successful ASEAN Gaming Summit with the launch of its new in-house game, The Vault, at a VIP after-party held at the prestigious Nobu Manila.
The Vault represents the latest dazzling offering from Snowborn Games, QTech’s own game-development studio. The game is premised on the plot of a classic diamond heist, set against the backdrop of some storied Parisian landmarks, where the ultimate goal of the relentless robbers is to steel the prized pink diamond.
Signature Snowborn features – including stunning graphics, immersive soundscapes and engaging gameplay – are each in evidence in The Vault which delivers fresh levels of playability and high-octane adventure to its players.
As Asia’s fastest-growing games distributor, QTech Games is constantly innovating the space. While its recent acquisition of Snowborn Games and its quality production line – which also features Portals, launched on limited release in January – shows its commitment to an elite, premium product.
These games are exclusively available via the QTech Games platform, as with all Snowborn’s pending releases. The Vault captured the conversations and imaginations of all 100 VIPs in attendance at the chic poolside party, as they competed against each other on the new QTech Tournament Feature for an array of iPads and other rewards.
Markus Nasholm, QTech Games’ Global CEO, said: “We’re delighted to take the wraps off The Vault, as we continue to break open fresh igaming opportunities for both our partners and their players. And what better way to do it than by cutting a huge pink diamond and throwing a great event for our partners and friends at Nobu, where the reception to the game among VIPs was almost as enthusiastic as the high-kicking thief-themed dancers we hired! And I’m pleased to relate that the ensuing take-up rate from operators has been most encouraging.
“Games such as The Vault and Portals add yet more muscle to QTech Games’ burgeoning platform, which is bringing the widest range of online games to Asia, from established industry names to most innovative rising star suppliers. This standout video content adds another aspect to QTech’s growing portfolio which allows partners to cater to a diversity of consumer tastes across any Asian territory. Snowborn Games share our passion for pioneering design, underpinned by cutting-edge technology and the finest maths models on the market for engaging gameplay.”
The Vault is just the latest offering from QTech Games, whose aim is to ensure its partners continue to supersede and surpass their rivals. To which end, they have also recently rolled out GameFactory, a global gaming studio with the remit to invest in and recruit smaller studios from across the globe.
Nasholm added: “GameFactory is the next step in our bid to become the largest provider of digital entertainment in Asia over the next few years. We are currently very active in this arena, looking to enlist small gaming studios with big ideas that can form part of our developing QTech family.”
“Notice how the industry has changed in Asia over the past three years, or how many eyes are presently trained on LatAm and Africa. A flexible platform and an open mind are the only things you must be sure to pack, wherever you’re travelling across this ever-changing landscape.”
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: QTech Games breaks new ground with The Vault
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Pennsylvania Skill, powered by Pace-O-Matic, applauds casinos for hitting revenue record of $6 billion in 2024
Incredible success creates questions about why casinos continue assault on skill games
Pace-O-Matic, the developer of Pennsylvania Skill games, congratulated the Pennsylvania Gaming Control Board (PGCB) and state casinos which saw an all-time high of $6.1 billion in revenue in 2024 and broke records during every month except one.
The 7.7% revenue increase from 2023 to 2024 comes from slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). The record includes a 25% increase in online gaming — iGaming — revenue over the previous year as more people turn to that form of gambling.
As the PGCB and casinos celebrate yet another enormous 12-month financial win, small businesses, veterans groups, volunteer fire companies, and other fraternal clubs across the state are also hailing the supplemental income they receive from operating legal skill games. Many would need to make difficult economic decisions without the revenue.
“It is tremendous that the state ended the year on such a high financial note with monthly and annual record-breaking revenue totals from casinos and other gambling enterprises under the jurisdiction of the PGCB,” said Mike Barley, chief public affairs officer for Pace-O-Matic, which created legal Pennsylvania Skill games. “This proves that casino gambling and small businesses and volunteer organizations that host skill games can coexist and succeed. No competition exists between the two.”
As the new legislative session begins, Barley also said he hopes casinos will not oppose legislation that fairly regulates and taxes skill games.
There is bipartisan, bicameral backing for legislation to be introduced by Sen. Gene Yaw and Rep. Danilo Burgos that will put guardrails around skill game operations and provide $250 million in new tax revenue for the state during the first year.
That revenue will only be generated through a reasonable tax on skill games. Barley added that casinos oppose the current 16% tax on skill games and want to see it more than doubled.
“Sadly, after years of unsuccessful legislation and legal challenges seeking an outright ban of skill games, the casino industry is now working to stop skill games through a business-killing tax rate. There is no way small businesses, American Legions, volunteer fire companies, Elks Clubs, and other places that count on skill games can pay the outrageous tax rate casinos champion.”
Propelled by a huge 25% increase in iGaming revenue, the combined 2024 revenue number is $6,137,414,455. During the last two years, as casinos fought skill games, this is the breakdown of the record revenue they were enjoying, according to the PGCB.
Percentage increases are for 2023 over the same months in 2022
- January – 18% increase
- February – 22% increase
- March – 11% increase
- April – 3% increase
- May – 7% increase
- June – 13% increase
- July – 9% increase
- August – 7.5%
- September – 6.2%
- October – 7.3%
- November – 1.7%
- December – 12.5%
Percentage increases are for 2024 over the same months in 2023
- January – 2.7%
- February – 9%
- March – 7.6%
- April – 5.9%
- May – 8.8%
- June – 7.1%
- July – 7.2%
- August – 11.6%
- September – 6.1%
- October – 2.8%
- November – 26%
- December – Nearly the same number as last year
For further information CONTACT: Jeanette Krebs, Pennsylvania Skill , [email protected]
The post Pennsylvania Skill, powered by Pace-O-Matic, applauds casinos for hitting revenue record of $6 billion in 2024 appeared first on European Gaming Industry News.
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Zenex 2.0: Revolutionizing the iGaming Industry in 2025
Zenex, the pioneering token in the iGaming sector, is proud to announce the launch of its transformative Zenex 2.0 strategy. Picture a digital platform that speaks to gambling sites, payment solutions, and everyday traders all at once. That’s the broad idea behind Zenex 2.0.
It merges the hustle of the iGaming world with a unique token approach, weaving both real-time payouts and cutting-edge compliance tech into one flexible system. Folks who’ve been tracking this market may recall all sorts of attempts at payment gateways, but ZNX initiative sets its sights on bridging that gap between operators who demand stable clearing channels and players who crave quick gains. The end result is a setup that rewards everyone involved.
Redefining the iGaming Ecosystem
Since its inception in 2021, Zenex has been on a mission to reshape the iGaming industry by creating a resilient and forward-thinking ecosystem. With Zenex 2.0, this vision is elevated to new heights, addressing key industry challenges such as payment compliance, user engagement, and the optimization of operational costs through in-house IT developments and blockchain technology.
OnRamp Solution: Mitigating Miscode Risks
A major obstacle for iGaming businesses has been the issue of miscode transactions, which can result in fines ranging from $50,000 to $450,000 per violation. Despite this, many industry leaders are forced to operate in regions with restrictions, relying on methods that expose them to penalties. Zenex OnRamp provides a less risky alternative: it recasts deposits as token acquisitions instead of labeling them as gambling payments. This subtle shift cuts the chance of miscodes and simplifies how users fund their accounts.
Exclusive Discounts for Payment Services and Lowered Rolling Reserves
Traditionally, iGaming businesses are required to maintain high rolling reserves, leading to substantial initial deposits. With the introduction of Zenex tokens, businesses now have a more efficient and advantageous solution. By holding rolling reserves in ZNX tokens, merchants can access discounts on payment services. Additionally, transactions made through Zenex tokens come with reduced fees, including discounts on payment processing, risk management tools, and custom software development.
Zenex for Players, Token Holders, and Investors
Growth through the Burning Mechanism: A percentage (1-2%) of tokens used in transactions is permanently burned, reducing the circulating supply and driving up the value of ZNX tokens.
- Reward Programs: Zenex will offer attractive incentives for token holders and ecosystem participants, ensuring long-term engagement and loyalty.
- ZNX Jackpot Lottery: Token holders will have the chance to participate in the weekly Zenex lottery, where lucky ZNX holders can win a growing jackpot.
- Zenex iGaming NFTs: Token holders will also be able to become co-owners of iGaming venues such as casinos or betshops, receiving a share of the profits generated by these establishments.
Revolutionary Payment Cards for VIPs
Zenex introduces its groundbreaking payment cards that revolutionize how users interact with both online and offline casinos. These cards offer several benefits:
- One Card, Multiple Currencies: Store your crypto and fiat in a single account. Spend or withdraw instantly without juggling separate wallets or exchange apps.
- Cash on Demand: Loading up is easy at local cash points in regions like Morocco, Algeria, Tunisia, and Egypt, smoothing out deposits for players on the go.
- Truly Global Coverage: ZNX cards cut out transaction limits, so you can shop at home or abroad without hitting a spending ceiling. Plus, they support withdrawals in the local currency across 150 countries—reassuring for frequent travelers.
- Dedicated IBANs: Players get individual IBANs, simplifying big deposits and ensuring a more transparent, hassle-free experience for all.
What’s Next for Zenex?
Zenex 2.0 will begin its rollout across multiple regions starting in Q1 2025, with a primary focus on forming strategic partnerships with gaming operators, payment providers, and local businesses. Zenex is also exploring the expansion of token utility into innovative areas such as NFT-based franchise models and equity-linked wallets.
The post Zenex 2.0: Revolutionizing the iGaming Industry in 2025 appeared first on European Gaming Industry News.
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Internet Vikings Supplies RubyPlay with U.S. Hosting Solutions
Internet Vikings, a licensed in-state hosting provider for the U.S. iGaming and online sports betting industry, announces its partnership with RubyPlay, an iGaming development studio specializing in slot games and value-added tools for gaming operators. RubyPlay has made its U.S. market debut in New Jersey, selecting Internet Vikings as its VMware cloud hosting provider.
RubyPlay, known for its gaming solutions, entered into an agreement with Internet Vikings for VMware cloud hosting in the U.S. Internet Vikings’ delivery of RubyPlay’s infrastructure was completed in record time. The first order was successfully deployed within just one week, and subsequent orders were fulfilled the same or next day after agreement sign-off.
Following its successful launch in New Jersey, RubyPlay has extended its collaboration with Internet Vikings by opting for bare metal servers hosted in Internet Vikings’ data center near Atlantic City as a backup solution, ensuring data integrity and uninterrupted operations as RubyPlay expands its footprint in the U.S.
“We are proud to support RubyPlay’s expansion and to deliver their infrastructure in such a short time. We look forward to a long-term collaboration with them.” said Rickard Vikström, CEO and Founder of Internet Vikings.
When RubyPlay made the decision to enter the U.S. market, Internet Vikings’ tailored hosting solutions and proven expertise presented the perfect fit. The team’s responsiveness and collaborative approach have further enhanced this partnership, ensuring smooth operations throughout.
For press inquiries, please contact: [email protected]
The post Internet Vikings Supplies RubyPlay with U.S. Hosting Solutions appeared first on European Gaming Industry News.
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