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Exclusive Interview with Matthew Stafford, CEO at BlockChain Innovations Corp

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Matt-Stafford-Interview Exclusive Interview with Matthew Stafford, CEO at BlockChain Innovations CorpReading Time: 4 minutes

It is my great pleasure to bring to you my latest interview. This week we once again focus on the role of blockchain in the gambling industry as it still is a trending topic. And what better way to get a glimpse into the vertical, then asking the experts of the industry. Matthew Stafford has been appointed as CEO of BlockChain Innovations Corp. this April and he has since than given speech at many industry events. It is high time we got the chance to pick his brain in our unique style. See below our interview with Matthew.

Let’s start with a few words about yourself. Our readers love to hear top-class professionals describing themselves.

Matthew: Thank you for a very kind introduction. I’ve spent 10 years in regulated gaming and public markets as an attorney, most recently with Scientific Games and NYX Gaming Group where I helped take that company public in Toronto in 2014 through its acquisition of Openbet Technologies Limited; the world’s largest sportsbook platform provider in 2016. I’ve had the opportunity to work with hundreds of gaming clients both brick-and-mortar and in the digital space, as well as payment providers, data and compliance vendors and the multitude of gaming software platforms around the world.

You took over as CEO of Blockchain Innovations Corp (BCI) about four months back. What are your early reflections on the job?

Matthew: It’s a very exciting and busy time. We are bringing a disruptive technology to two markets – both the commercial gaming industry for operators and the public market in Toronto for investors.

There is a lot of interest in both sectors around the technology and what it can do. In the capital markets, it’s about building blockchain companies as a value-added segment that gives depth to cryptocurrencies beyond price speculation and mining. For the gaming industry, it’s about building a modern gaming and payment platform that is compatible with conventional technologies so that our operator clients can offer blockchain wagering now and be poised for the future.

You studied law and started your career as a legal intern. How does your legal background help in your functioning as the CEO of BCI, especially as cryptocurrencies and other blockchain financial solutions are still viewed with suspicion by the regulators in several countries. 

Matthew: I was fortunate enough to work in gaming – at leading slot manufacturer Aruze Gaming America, Inc. – before graduating law school. As the Assistant General Counsel there, I obtained over 150 gaming licenses for the company worldwide and won approval for hundreds of devices. I also oversaw regulatory compliance at NYX and that foundation provided me with the ability to navigate complex regulatory issues, just like the treatment of crypto and blockchain with regulators. A working partnership and understanding of the regulatory schemes behind those agencies is crucial in terms of finding a viable solution for the industry in any circumstance.

What is important to note regarding uncertainties around crypto and blockchain is that, although perhaps skeptical, regulators are addressing the issue. There is positive movement towards adoption; the regulation/licensing frameworks that are being considered are being conducted by many jurisdictions and the outcome is to find that balance of providing the industry with competitive technology while meeting the regulatory objectives within a particular jurisdiction.

Can you tell us more about BCI’s soon to launch cryptocurrency wallet, Pebwallet, and its PebbleShare tipbot?

Matthew: Pebwallet.com is our fully-functional cryptocurrency wallet for users to manage and exchange multiple cryptocurrencies for smart-contract coins. They can also buy, sell, and exchange wagers via our PebbleShare tipbot. The wallet communicates to any existing operator’s PAM via an API and, in addition to standard transaction accounting and reporting, operators may permit wagering between players using pay-as you-go cryptocurrency where no money is on deposit as well as players with fiat currency on deposit, in their existing operator account.

Once activated, users with popular cryptocurrencies such as Bitcoin and Ethereum may then exchange those coins for PebbleCoin and begin placing smart-contract wagers. PebbleCoin, the gaming-by-design crypto-currency BCI’s technology utilizes, is one of the first cryptocurrencies to use smart contracts and trade them as freely as coins.

BCI claims that its blockchain social betting solution has something unique and innovative that the competitors, especially Bitcoin and Ethereum, do not have: basically, BCI’s solution does not have a lag in provable transaction confirmation. Could you explain about its practical real-time implications?

Matthew: BCI has provably instant confirmation of transactions, or bets integrated within its technology and our cryptocurrency PebbleCoin. The confirmation time for Bitcoin is 1 hour and Ethereum is 180 seconds. The implication of that 180 seconds to 1 hour is that live wagering environments are not possible with Bitcoin or Ethereum since there is an ability for one side to “roll-back” the transaction on the blockchain. If this were the case, users could cancel bets when the line prices move against their position – that’s not feasible in a betting market.

These are good times to be a betting solution provider in the USA, as the US supreme court has repealed PSPA, which would inevitably lead to the legalization of sports betting in many US states. How do you see the prospects for BCI?

Matthew: We see a lot of opportunity for operators to be “born on the blockchain”, that is to have a blockchain wagering offering for their players as their sole platform or a complementary offering to their player base. With the 6-3 United States Supreme Court decision striking down a 1992 law prohibiting such sports betting outside of Nevada, and the American Gaming Association estimating there is over $250 billion wagered annually in the US, it is a promising time for the sector.

Those figures mean that the demand for suppliers in the US will exceed the capabilities of conventional platform providers. We anticipate operators that want to be live when authorized by their state will look to blockchain as a modern technology that is able to offer a full solution for their sports wagering operations. Along those lines, because of the near-zero cost to operate our system, Tribes and state sports lotteries stand to gain the most from a blockchain solution since those savings go directly back to the taxpayer or tribal entities managing gaming operations for the tribe.

About BlockChain Innovations 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 – PebbleGo 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 details visit www.blockchaininnovations.info


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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Singular extends casino offering with Booming Games

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12-1 Singular extends casino offering with Booming Games
12-1-1 Singular extends casino offering with Booming GamesReading Time: 2 minutes

 

Singular and Booming Games have sealed a distribution agreement to target Tier 1 operators via Singular’s iGaming platform. Booming Games’ full slot portfolio is now available on Singular’s platform with more than 60 HTML5 slot games including popular titles like Booming Seven Deluxe, VIP Filthy Riches, Gold Vein and latest release Gunspinner. Booming Games release up to two new games per month. Soon to be released are Danger Zone, Show Master and Burning Classics.

“We are delighted to partner with a leading platform and distribution partner like Singular to further extend the reach of our content to regulated and new markets. We are looking forward to a fruitful partnership” said Frederik Niehusen, Chief Commercial Officer at Booming Games.

Booming Games have just recently announced a successful start to 2020 after being recognised as Rising Star of the Year at the International Gaming Awards and launching their slot portfolio with Leo Vegas, Gamesys Group, Microgame, Gaming1 and Hero Gaming.

“Having Booming Games on our portfolio goes hand in hand with our dedication to delivering versatile, high-quality gaming content. Moreover, Booming games innovative features guarantee engaging gameplay which translates into increasing LTV of players.” – Robert Dowling, Chief Commercial Officer at Singular.

Singular has 10+ years of experience working with Tier 1 iGaming operators. Singular Product Portfolio includes a comprehensive and flexible iGaming platform, Sports Betting Platform with market leading features alongside a Retail solution and a Casino Core with 7000+ casino games. We aim to empower operators to be ready for any breadth and magnitude of their growth, to be bespoke in their respective markets, and to be ahead of their competition. This complies with the three pillars of the company: reliability, flexibility and innovation which are the founding blocks of the company’s way of work reflected in the corporate slogan BE OUTSTANDING. For more information visit singular.uk.

 


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: Singular extends casino offering with Booming Games

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IAGR POSTPONES DISRUPTING THE REGULATOR

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IAGR2020 IAGR POSTPONES DISRUPTING THE REGULATOR
IAGR2020-1 IAGR POSTPONES DISRUPTING THE REGULATORReading Time: 2 minutes

 

The International Association of Gaming Regulators (IAGR) today announced the postponement of its annual conference: Disrupting the Regulator: Sparking innovation in regulatory practice #IAGR2020 Boston until 12-17 September 2021.

After monitoring governmental public health advice and associated jurisdictional developments regarding the COVID-19 pandemic over recent months, the Board of Trustees determined it was in the best interests of the association and its members to postpone its annual conference until 2021.

In making the announcement Mr Paul Newson, IAGR President, said: ‘It’s profoundly disappointing to delay this exciting event, but I’m confident our focus on innovation in regulatory policy and practice will be increasingly important as we transition out of lockdowns towards normality.

‘The decisive public health response to the pandemic has saved lives. I think we also need to acknowledge that the abrupt shutdown of economic activity and social interaction has devastated many businesses and livelihoods, but I think it also presents tremendous opportunity for bold innovation to overcome previous policy and regulatory inertia.

‘We have assembled an impressive line-up of leading speakers to share insights, challenge thinking and spark a contest and ideas and new ways of working at #IAGR2021. We will be liaising with each of our speakers to ensure we build on the program to best capture lessons from the pandemic that can help advance efficient and effective gambling regulation.’

The conference will still be held at the Boston Marriott, hosted by the Massachusetts Gaming Commission and in partnership with the International Masters of Gaming Law we will be offering back to back conferences including a joint conference day and networking events.

‘We had an extraordinary response to our call for speakers and I wish to thank all those individuals for their patience while a decision on the timing of the conference has been pending’ Mr Newson said.

IAGR is exploring a number of options for webinars and virtual events for its members and industry stakeholders in the lead up to #IAGR2021. We also invite expressions of interest from regulators and industry stakeholders to contribute to our newsletter.

IAGR consists of representatives from gaming regulatory organisations throughout the world and aims to advance the effectiveness and efficiency of gambling regulation.


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: IAGR POSTPONES DISRUPTING THE REGULATOR

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GiG strengthens iGaming offering to operators by adding Playtech’s iPoker to its platform

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GiG-Playtech GiG strengthens iGaming offering to operators by adding Playtech’s iPoker to its platform
GiG-Playtech-1 GiG strengthens iGaming offering to operators by adding Playtech’s iPoker to its platformReading Time: < 1 minute

 

Gaming Innovation Group Inc. (GiG) has integrated Playtech Plc’s iPoker product to its platform, allowing GiG to extend its iGaming offering to its partners.

Playtech’s iPoker product boasts a poker network of over 35,000 players. They operate in the regulated markets that offer Poker and deliver a solid omnichannel solution for operators.  The partnership will enable operators to gain access to one of the largest poker networks in the world, through GiG’s leading-edge iGaming platform. Operators can take advantage of a wide selection of game types, an extensive offering of table stakes and buy-ins and a rich range of games via  HTML 5 web, mobile, iOS and Android.

Ben Clemes, Chief Commercial Officer, “We are excited to have partnered with Playtech in entering the poker betting vertical. The integration of Playtech’s iPoker product with our iGaming Platform allows us to further extend our betting options and enables our partners to offer a strong poker betting player experience. As part of the process, we added to our microservices, which gives us the ability to scale and integrate with other third-party poker providers in the future —providing our partners with more flexibility and choice.’’

Shimon Akad, Chief Operating Officer, Playtech, comments: “We’re delighted to partner with GiG and welcome them to our iPoker network. Having invested heavily in our new poker web client, in addition to our native poker app and popular downloadable desktop poker client, together Playtech and GiG can offer operators access to an exceptionally flexible platform as well as an ever-growing network. GiG is an important strategic partner for us, we look forward to continuing to work with them to bring industry-leading technology to the sector.”


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: GiG strengthens iGaming offering to operators by adding Playtech’s iPoker to its platform

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