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BlockChain Innovations Corp. Announces its Letter of Intent to Go Public as US Supreme Court overturns Sports betting Ban

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Toronto, Canada – June 21, 2018 BlockChain Innovations Corp. (“BCI” or the “Company”), an international blockchain technology supplier serving the regulated gaming industry is pleased to announce that it has signed a letter of intent with Capricorn Business Acquisition Inc. (NEX Board CAK.H), for its qualifying transaction to go-public in the Third Quarter of 2018. With the 6-3 United States Supreme Court decision two-weeks ago striking down a 1992 law prohibiting such gambling outside of Nevada, the American Gaming Association estimated there is over $250 billion wagered annually in the US.

FMI Capital Advisory Inc., (a sister company to Foundation Markets Inc. – a Toronto-based merchant/investment banking group) has been engaged to act as an exclusive financial advisor to BCI and FMI has been engaged as a financing agent to complete a capital raise via private placement. The raise will target strategic and institutional investors, and the net proceeds will be used to invest in the Company’s technology and product development, marketing & brand awareness, and working capital. The details of the transaction are set out in Capricorn’s press release at: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027230.

The planned go-public transaction will make BCI the first on-blockchain wagering public company in the world to serve the regulated and player-to-player gaming industries in the United Kingdom, Europe, United States and gaming jurisdictions worldwide. BCI will announce further detail pertaining to the go-public transaction in due course.

BCI’s CEO Matt Stafford commented, “With the United States sports betting market opening and the go-public transaction set for the Third Quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets, I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”

Adam Szweras, Chairman of Foundation Markets also commented, “BCI continues Foundation Market’s proven track record of successfully backing companies in the emerging high growth industries. We are excited to be a part of BCI’s one of a kind market ready blockchain technology.”

About BlockChain Innovation Corp.

Blockchain Innovations is headquartered in Las Vegas. The company designs and develops market ready blockchain technology for public and private real-money wagering and peer-to-peer gaming companies across the globe.

The company’s blockchain technology consists of a fully functional crypto-currency wallet, a tipbot – PebbleShare for easily sending and receiving smart contracts, and its smart contracts platform- the ideal wagering eco-system for instant confirmation, where contracts are tradeable, divisible, transferable and new wagering not available in traditional retail or online markets.

The company’s technology is built around PebbleCoin, a gambling-by-design cryptocurrency that has been mined since 2015. Pebblecoin’s unique features make it the only crypto-currency that can facilitate real-time wagering.

For more information, please contact:

For Blockchain Innovations Inc.:

Matt Stafford, CEO
702-496-9119

matt@blockchaininnovations.info

For FMICAI or FMI:

Adam Szweras, Chairman

416-777-6170

aszweras@foundationmarkets.com

 

Forward-Looking Statements

This press release contains “forward-looking information”, as such term is defined in applicable Canadian securities legislation. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and each of Capricorn and Blockchain Innovations disclaim any intention or obligation to update or revise such information, except as required by applicable law.

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Esports Entertainment Group Appoints John Brackens, Former Activision Blizzard Manager of Network Operations, As Chief Information Officer

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Esports-Entertainment-Group-with-Global-Speedrun-Association Esports Entertainment Group Appoints John Brackens, Former Activision Blizzard Manager of Network Operations, As Chief Information OfficerReading Time: 2 minutes

 

Esports Entertainment Group, Inc., a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the appointment of John Brackens as Chief Information Officer.  Mr. Brackens is a senior level professional with extensive experience in startups, high-tech companies and the gaming industry, holding positions that have included CIO, COO and CTO.

During his time at Activision Blizzard, Mr. Brackens served as Manager of Network Operations, where he directed IT service management and hardware support for 4,500+ servers and 50+ million monthly active players. In addition to reducing server maintenance costs by 35%, he also improved system uptime from 97.81% to 99.99%.  Moreover, he managed technology projects including the automated detection and repair of online services and infrastructure using artificial intelligence.

Other key achievements by Mr. Brackens include the creation, execution, and monetization of the League of Gods Asia eSports series, as well as, managing a licensing application for Malta Gaming Authority and Curacao eGaming License.

Mr. Brackens stated, “I joined Esports Entertainment Group because of Grant Johnson’s commitment to providing a best in class betting experience to esports fans. Esports is going to be the leading source of entertainment in the next few years eclipsing many major traditional sports. I want to be a part of this movement. I look forward to helping drive the growth of VIE.gg through cost-effective technologies that deliver value and innovation to players and fans alike, so that everyone can enjoy all of our services as intended.”

Grant Johnson, CEO of Esports Entertainment Group stated, “We are very pleased with the addition of John to our senior management team. His experience at the highest levels of information technology and network operations, especially within different licensing regimes, will be invaluable as the Company embarks on its aggressive growth plans within the global esports industry.”

 


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: Esports Entertainment Group Appoints John Brackens, Former Activision Blizzard Manager of Network Operations, As Chief Information Officer

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Week 20 slot games releases

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weekly-slot-releases-1-2 Week 20 slot games releasesReading Time: 4 minutes

 

Check out this week’s latest slot game releases!

 

Blueprint Gaming has released the newest addition to its portfolio, Legacy of Ra MegawaysTM, a shimmering adventure set deep in the Egyptian desert. Set in the imposing and mysterious pyramids, stunning visuals and an immersive soundtrack create an intriguing gameplay experience, while the Megaways mechanic, under licence from Big Time Gaming, provides players with up to 15,625 ways to win. Jo Purvis, Director of Marketing and Relationships at Blueprint Gaming, said: “Legacy of Ra MegawaysTM takes players on a journey through the Egyptian pyramids where big wins can be found if players can successfully raid the tomb.”

Legacy-of-Ra-Megaways-1 Week 20 slot games releases

 

Microgaming, has introduced Lara Croft® Temples and Tombs2122-67 Week 20 slot games releases, the latest, five-reel, 243 ways online slot developed by Triple Edge Studios. “The release of Lara Croft® Temples and Tombs2122-68 Week 20 slot games releases is a tremendously exciting moment for Microgaming, building on our longstanding branded relationship with Square Enix. The game reflects Triple Edge Studios’ passion and enthusiasm, making it a powerfully attractive product for new and established players,” Jean-Luc Ferriere, Chief Commercial Officer at Microgaming said.

2-6-1 Week 20 slot games releases

 

Pragmatic Play, wishes players good fortune with latest release, Caishen’s Cash. The 5×3 video slot features symbols from Chinese folklore, with hoards of coins littering the sides of the reels and an oriental soundtrack adding an immersive feel to the game. Once the bonus feature is triggered, players can choose between a Money Respin round or Free Spins. The Money Respin sees a number of different coloured coins hitting the reels, which can lead to huge wins.

Caishen’s-Cash-1 Week 20 slot games releases

 

Quickspin, has released the new game “Hall of the Mountain King”. The game combines Nordic folklore with new game mechanics, extremely volatile gameplay and the chance to win more than 7000x bet. Players can reach their maximum win potential by upgrading all their symbols, increase the multipliers to the max, collect all 6 whirling wilds and then watch it all play out in the last 3 spins. “I would recommend promoting Hall of the Mountain King with the Feature Trigger. The big highlight in this slot is to experience the bonus game and all its exciting features and game events, with a Troll King who’s waving his big hammer around,” Erik Gullstrand, Chief Product Officer at Quickspin said.

3-7-1 Week 20 slot games releases

 

Kalamba Games’ latest slot Doctor Electro amps up the excitement with an expanding reel offering players the chance to unlock electrifying wins. Starring the eccentric character Doctor Electro, the game sees the return of the player favourite HyperBonus feature that presents slot fans with a shortcut to free spins rounds, as well as two levels of bonus jackpots. Players collect column expansion symbols to trigger the all new HyperSpins feature that reveals expanding reels and increases the win potential. The game is a 5-column, 4-row base game, increasing to seven rows and up to 16,807 ways pays.

doctor-electro-1024x683 Week 20 slot games releases

 

Relax and unwind with the latest SYNOT Games release 8 Flowers, standing out from other classic slots both with its reel format as well as a fresh floral theme. Number 8 has a special significance in the Asian culture, representing prosperity and success. To underline the symbolism, 8 Flowers has a unique 3×3 format with 9 reels, 8 paylines and a full bouquet of features!

8flowers-synot-1 Week 20 slot games releases

 

Play’n GO have released their latest title into the market, a simple yet engaging slot entitled Inferno Star. Inferno Star is an easy to play 5×3 video slot made more engaging with its innovative re-spin feature and the decision to make the game payout with a minimum of only two matching symbols, as opposed to the usual three.

inferno-star-1 Week 20 slot games releases

 

Set in a dystopian futuristic world, and steeped in the occult, NetEnt’s latest release is a 5-reel, 3-row, 20-line video slot where four fearless friends set out to protect their city from the wicked Deep Pockets – and destroy the scatter symbol that turned him into an evil maniac. “Combining a proven, player-favourite math model with rich, comic-like graphics and a compelling superhero storyline, Arcane Reel Chaos has the ingredients needed to be a success. I have no doubts that it will be a hugely popular new addition to our portfolio,” said Bryan Upton, NetEnt director of games.

Arcane-Reel-Chaos-1 Week 20 slot games releases


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: Week 20 slot games releases

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Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

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9-8 Swedish Regulator Imposes Fine on Betway and Mandalorian TechnologiesReading Time: 1 minute

 

Spelinspektionen, the Swedish regulator, has imposed fine on Mandalorian Technologies and Betway for violating gambling regulations.

According to the Swedish regulations, license holders are only permitted to offer customers a single bonus, however, an investigation found that customers were continually offered bonuses by Mandalorian and Betway.

Mandalorian and Betway have been handed warning from the regulator and issued with penalty fees of SEK9m (£730k) and SEK5m (£406k) respectively.

“As the Spelinspektionen already had indications at the beginning of the year that some gaming companies did not comply with the legislation, on February 19, the authorities issued a letter to all licensees regarding bonus offers. After the letter, the Gaming Inspectorate noted some compliance from the licensees, but the assessment is that further measures must also be taken to achieve full compliance,” Spelinspektionen stated.

“The main purpose of the new gambling regulation, which came into force on January 1, 2019, is to strengthen consumer protection and reduce the negative effects of gambling. The limitation on bonuses is contained in the law to reduce social and economic damage and problem playing. The Gaming Inspectorate will therefore continue to focus on supervision of this area,” Spelinspektionen continued.


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: Swedish Regulator Imposes Fine on Betway and Mandalorian Technologies

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