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Exclusive Interview with Stefan Kovach, CCO at FunFair Technologies

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This week we are diving into blockchain technology and we are taking a look at how the “phenomenon” is change the online gambling landscape, even if some refuse to admit it. Stefan Kovach is currentlythe CCO of FunFair Technologies and he is a senior commercially minded marketer with over 20 years of experience in the travel, entertainment and gaming sectors, having worked for organisations ranging from Virgin Atlantic, Opodo, bwin and PokerStars. He has extensive experience in creating and nurturing brands, acquiring and retaining customers at scale as well as helping drive commercial and product strategies. Stefan’s previous roles enabled him to build and manage significant teams, manage marketing P&Ls running into the 10s of millions and responsibility for delivering high profile cross company projects. Here is our interview and we hope that you enjoy it!

There have been quite a few changes in the online gambling landscape in the last 12 months, partly thanks to the blockchain. What do you think are the key challenges operators are facing when opting to move from “traditional” operations to a blockchain platform?

Stefan: Although it is true that blockchain technology has been one of the most exciting advances within the online gambling landscape in the past year, there are, as yet, very few viable products actually available to the market. Whilst many other blockchain gambling businesses are very much still in the development phase, FunFair is at the forefront of this curve, already having a working and operational platform following a successful beta phase.

Traditional operators need to decide whether they see blockchain platforms as a threat, or alternatively, as a diverse revenue stream that taps into an existing and vast crypto-rich audience who are conducive to gambling by their very nature.

Luckily, traditional operators won’t need to choose one operating style above the other, blockchain gambling can act as a complimentary section of their existing business, allowing platforms to diversity their offering and audience without risk to their pre-existing business model. This is especially true when operators take advantage of the consultancy we offer when onboarding and educating customers.

We feel that, in the next 5 years or so, there will be a shift in online gambling, and with rumours that HTC is launching a blockchain phone later this year, this will surely change the mobile gambling industry as well. Do you feel that this is an area you will look at in the future?

Stefan: Mobile gaming is absolutely part of our plans and we will have a first class UX on mobile when we go fully live. Blockchain technology works in the same way across platforms, albeit sometimes different browsers are required.

Any established company, such as HTC, entering the blockchain space clearly demonstrates its relevance for all businesses in the future. We’ll always be looking to partner with those who are heading in the same direction as us as the learnings and combined investment can only speed up blockchain’s mainstream adoption.

We have reported on many blockchain gaming platform launches this year. Where does FunFair position itself in this innovative wave?

Stefan: We would firmly place ourselves as market leaders for a number of reasons. To start with, we are the only platform to offer a full ecosystem for operators, developers, affiliates and players who transact in our FUN token. We are also the only platform to offer production-level gaming quality which can challenge any tier one operator in traditional gamings. Current alternative blockchain titles are not only poor graphically and auditory, but run at unplayably slow speeds, not to mention the prohibitive transaction costs. We have bypassed these issues with our Fate Channels technology, which allows the gaming session to be taken off the blockchain, allowing it to run at the speeds and quality today’s gamers expect.

You have recently signed a deal with a market-leading poker rakeback affiliate, RaketheRake. Are affiliates making a good choice when opting to become operators?

Stefan: Affiliates have had to make do with diluted revenue share and often incorrect payments which are shared by operators at their will. Using the FunFair platform,they can become operators within days and take the entire revenue stream direct, while utilising their existing marketing expertise and captive player audience.

Affiliates can also continue to benefit from the FunFair platform as an affiliate, with real-time payments that are provably fair and paid in real-time on the blockchain, rather than having to trust casino operators as they do currently.

Do you think that regulators will eventually catch up and regulate the industry?

Stefan: Of course, any positive disruption will take time for regulators to size up and decide on a course of action, but the FunFair platform and blockchain technology itself ticks so many of the boxes they are looking for; from efficient KYC and provably fair RNG to the immediate release of funds, it really is a regulatory bullseye.

We are trying to lead the charge here and are in discussions with a number of relevant bodies. As you’d expect, some are more progressive than others, but we’re confident that as blockchain becomes adopted into the mainstream, they will regulate sensibly for all.

About FunFair

FunFair was born out of a powerful idea to harness the potential of the blockchain to initiate a revolution in online gaming.

FunFair founders Jez San, Oliver Hopton and Jeremy Longley saw the potential of the blockchain in early 2013. They wanted answers to difficult questions. Could anyone use the blockchain to run a casino? Why do players worry about trusting online casinos when the blockchain could create fair, transparent gaming? Why not use the blockchain to open up online gaming globally? These ambitious questions led to the development of a new technology that has the potential to profoundly change the gaming world.

We showed our first game in Paris in 2017. The response was so positive, we knew we were on to a winner. Jez San officially launched FunFair publicly in April 2017. The impact of this new technology immediately attracted the attention of major contributors and developers, eager to get involved. On 22 June 2017, our Phase 1 Token Presale raised $26 million, selling out in 4 hours.

Since then FunFair has delivered exciting games on our prototype demo platform, and we’re in the final stages of completing the new Ethereum technology platform which will showcase at DEVCON3 in November 2017. The next radical change in online gaming is being powered by FunFair; the first global gaming brand to unlock the true potential of the blockchain.

For more details, visit funfair.io

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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AvatarUX’s latest release PopRocks™ bursts on to the scene

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AvatarUX’s-latest-release-PopRocks™-bursts-on-to-the-scene AvatarUX’s latest release PopRocks™ bursts on to the scene
AvatarUX’s-latest-release-PopRocks™-bursts-on-to-the-scene-1 AvatarUX’s latest release PopRocks™ bursts on to the sceneReading Time: 2 minutes

 

Cutting-edge game developer’s new title in partnership with Yggdrasil features innovative PopWins2122-2 AvatarUX’s latest release PopRocks™ bursts on to the scene mechanics

Games design studio AvatarUX is back with a bang to deliver its latest video slot, PopRocks2122-3 AvatarUX’s latest release PopRocks™ bursts on to the scene, the debut title in its PopWins2122-4 AvatarUX’s latest release PopRocks™ bursts on to the scene series and the second in its partnership with Yggdrasil and the YG Masters programme.

With up to 33,614 ways to win, this awesome game is ready to take the gaming sector by storm.

The second release from the rising star, AvatarUX’s PopRocks2122-5 AvatarUX’s latest release PopRocks™ bursts on to the scene unleashes mystical gems with arcane powers that pop and multiply, expanding to a maximum win potential of 72,188x bet.

PopRocks2122-6 AvatarUX’s latest release PopRocks™ bursts on to the scene is the first game to use the innovative new PopWins2122-7 AvatarUX’s latest release PopRocks™ bursts on to the scene mechanics, where winning symbols ‘pop’ and are replaced with two new symbols and expanding reels, giving players the chance of epic wins.

AvatarUX is an original partner studio of the YG Masters programme which allows independent studios to develop content on Yggdrasil’s platform and in partnership with the supplier. PopRocks2122-8 AvatarUX’s latest release PopRocks™ bursts on to the scene is AvatarUX’s second title launched through the partnership, following the successful release of Lilith’s Inferno last year.

Marcus Honney, Managing Director at AvatarUX, said: “We’re thrilled to announce the release of PopRocks2122-9 AvatarUX’s latest release PopRocks™ bursts on to the scene, the first title featuring our innovative PopWins2122-10 AvatarUX’s latest release PopRocks™ bursts on to the scene mechanics.

“Immersive gameplay, cutting-edge design and bringing excitement to the market is what we pride ourselves on, and with its state-of-the-art technology, PopRocks2122-11 AvatarUX’s latest release PopRocks™ bursts on to the scene is a fantastic addition to any offering and is sure to keep players coming back for more.

Stuart McCarthy, Head of Partner Strategy & Sourcing at Yggdrasil, said: “Our YG Masters programme adds significant business strategy value for our connected partners, and this innovative new title from AvatarUX perfectly showcases our aim to enhance our existing portfolio with innovative quality content from third-party studios.”

Yggdrasil’s YG Masters programme has recently been updated to form an integral part of the supplier’s new business division, Yggdrasil Franchise, which further cements its position as a global publisher of casino content through IP licensing.


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: AvatarUX’s latest release PopRocks™ bursts on to the scene

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RESTARTING THE SPORTS BETTING INDUSTRY, a hot topic at #MBGS2020VE

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RESTARTING-THE-SPORTS-BETTING-INDUSTRY-MBGS2020VE RESTARTING THE SPORTS BETTING INDUSTRY, a hot topic at #MBGS2020VE
RESTARTING-THE-SPORTS-BETTING-INDUSTRY-MBGS2020VE-1 RESTARTING THE SPORTS BETTING INDUSTRY, a hot topic at #MBGS2020VEReading Time: 2 minutes

 

Virtual conference addresses a vital topic of the sports betting industry on the 7th of May.

We have put together a lineup of sports betting industry experts who will join the opening panel discussion at our first virtual conference this year which will take place on the 7th of May.

You can register on this link to save your seat (no travel needed, you can attend from the comfort of your home or office)

PLEASE NOTE: If you are already a registered delegate of MARE BALTICUM Gaming Summit, you don’t have to purchase a new ticket!

Worldwide disruption of the sports events due to COVID-19 is playing a major role in the halt of the sports betting industry. Restarting the industry will not be easy and we certainly can’t get back and see the same results as we did at the end of 2019. We are speaking here about the classic sports betting industry as virtual sports, eSports, social gaming have now become very popular.

The panel discussion will be joined by Domenico Mazzola (Commercial Director at Altenar), Jakub Myszkorowski (Chief Commercial Officer at STATSCORE), Chris Nikolopoulos (CCO at BETBY) and Sergio Stankovic (Sales Director at SBTech), and will be moderated by Jaka Repanšek (Media and Gaming Expert).

As mentioned above the virtual edition of #MBGS2020VE will be held on the 7th of May and will gather 300 gambling industry professionals who can attend virtually from their internet browser. The gathering will allow virtual delegates to network at virtual tables in the virtual deal room and conduct 1 on 1 meetings with their prospects/clients/partners.

Register here

For further inquiries about the 2020 edition of CEEGC and CEEG Awards, speaking/attending/sponsoring options, make sure to send an e-mail to Andrada Bota (B2B Sales Executive at Hipther Agency) or subscribe to the weekly newsletter on the following link.

Among the supporters of the conference, you will also find Square in the Air as a strategic partner, and leading media outlets such as Online Casino Reports, CalvinaAyre.com, Focus Gaming News, Gioco News, iGaming Business, iGamingCalendar.com, Gambling Insider, InterGame, Global Legal Group, FortunaWeb, Commission Magazine, Slotegrator and much more.

Visit www.virtualedition.marebalticumgaming.com for more details!

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

MARE BALTICUM Gaming Summit Live and BSG Awards

Information about the live edition of the conference and BSG Awards, which will be held on the 6th of August, will be announced at a later stage. The online voting stage for BSG Awards 2020 has been stopped and will be reset in order to allow all participants to focus on different matters.

A new online voting stage will be started between 1 and 30 June. Further information will be released in the upcoming weeks.

MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit & Awards offers the opportunity for both new companies and veterans, to learn about industry insights and compliance update, while also being part of a group that is at the forefront of the gambling industry in Lithuania, Latvia, Estonia, Sweden, Denmark, and also from the DACH region.

The Summit approaches all regulatory and compliance related aspects of the mentioned markets and also highlights some trending topics of the gambling industry.

For more details visit www.marebalticumgaming.com


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: RESTARTING THE SPORTS BETTING INDUSTRY, a hot topic at #MBGS2020VE

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How to Make SMS Casino Deposit?

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texting-1490691_1280 How to Make SMS Casino Deposit?
texting-1490691_1280-1 How to Make SMS Casino Deposit?Reading Time: 3 minutes

Mobile phones have become an irreplaceable part of our lives. Can we even imagine a life without them? In 1996, only 16% of households in the United Kingdom had a mobile phone, while in 2016 that number was 95%. Considering that nowadays most households have more than one smartphone, the numbers get even more impressive. Mobile phones affected not only our lifestyle, but many industries as well, and the casino industry is no exception. With the mobile casino industry on the rise, more and more players rely on a reliable sources of online gambling info to experience the thrill of a spinning roulette or the excitement of having the final hand in poker. This payment method is very convenient, safe and easy to use, so no wonder it is taking up the casino industry by the storm.

 

What is Pay by SMS? 

Pay by SMS is a payment method that is becoming widely accepted in online casinos. By sending an SMS from their mobile phones, players can deposit funds to their casino account, without using credit cards, eWallets or vouchers. The amount deposited is either deducted from their pay-as-you-go balance or added to their monthly bill.

How to Make a Deposit in a Pay by SMS Casino?

Casinos that accept Pay by SMS are widely present all over Ireland and the UK, as local teleoperators offer this service. In case your phone operator is not enabling you to make such a transaction, you can always use apps that act as a mobile payment method. Players who use apps will sometimes have to connect their credit card to the app as in most cases it won’t be possible to subtract the deposited amount from your phone.

Some of the popular apps used for SMS deposits are Boku, PayZone, Payforit, and Zimpler. Many of these apps are regulated by the FCA, so players shouldn’t have difficulties in finding a reliable app for smooth SMS transactions.

Step by Step SMS Deposit guide

Making a casino deposit via SMS can be significantly different than depositing by using traditional methods.

  • Find a casino. First and foremost, the player has to find an online casino that supports this payment method by taking a closer look at their banking section. Usually one can find out the accepted payment methods before the registration by checking the website for more details or by contacting customer support.
  • Choose the SMS payment method. Once you have registered with the online casino, go to the deposit section and find the method of your choice. Enter the amount you want to deposit.
  • Type your phone number. You will have to enter your phone number, and don’t even try to mess with other phone numbers, as the deposit won’t be successful.
  • Approve the transaction. This step may be different for different teleoperators or casinos. In most cases, you will have to enter a PIN, a code sent via SMS, or approve the transaction directly in the app.

This may seem complicated, but all the player has to do is follow the steps and not skip any of them.

Is Pay by SMS Safe and Reliable?

Pay by SMS is as reliable as any other online payment method. However, it tends to be a lot safer as you never have to give your credit card details to the third party. This is especially important for players who like to play with different casinos and try out new brands on the market. The only time one has to give credit card information is when funding the SMS pay app.

Pay by SMS is also very fast. The transactions are executed almost immediately. In comparison, the bank wire transfer may take up to 48 hours. Even though players might encounter some small fees when using pay by SMS, these are still not as high as with eWallets.

The only downside of pay by SMS is that players are not able to make a withdrawal by using this method. The main reason for this is that the technology used is simply not meant for receiving money. Most good online casinos will still offer a great number of safe alternatives that can be used to withdraw the winnings and enjoy.


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: How to Make SMS Casino Deposit?

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