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Hong Kong’s Alphaslot Announces Multimillion USD Investment Led by China’s Sora Ventures to Build Its Blockchain Ecosystem for Gaming Entertainment

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Hong Kong's Alphaslot Announces Multimillion USD Investment Led by China's Sora Ventures to Build Its Blockchain Ecosystem for Gaming EntertainmentReading Time: 2 minutes

 

Alphaslot, the blockchain gaming ecosystem creator, announced that it raised a multimillion USD investment round led by Sora Ventures from mainland China with the participation from Hong Kong’s Credito Capital and Shinobi Capital, Singapore’s Spartan Group, Netherland’s TRG, Silicon Valley’s Primitive Ventures and others. Alphaslot also announced that Paul Veradittakit, Partner at Pantera Capital in Palo Alto, California, has joined the team as an advisor.

“We have seen tremendous growth in visitation to gaming destinations worldwide with over 39 million visitors to Las Vegas and 32 million to Macau last year. There is strong demand for new entertainment experiences that attract new players and a blockchain ecosystem is the catalyst,” said Raymond Chan, Founder and CEO of Alphaslot. “We received great response to our presentation at the Blockchain Summit in Reno, NV last month hosted by America’s Gaming Standards Association and attended by government officials of The State of Nevada, technology executives from IBM, Oracle, Intel and Macau gaming operator Melco Resorts. This second round of investment proves the confidence from investors on what we have achieved so far, and will absolutely speed up our blockchain deployment plan.”

“We love to support high-caliber founders who are transforming major industries,” comments Jason Fang, Managing Partner at Sora Ventures. “Upon meeting Raymond and Alphaslot’s management team, it was immediately apparent to us that they are on such a mission. We believe the Alphaslot team can truly elevate the gaming experience by a blockchain ecosystem.”

Alphaslot will use the new funds to expand operations in Hong Kong and to speed up the launch of its tokenized blockchain entertainment platform in the gaming industry. Please go to www.alphaslot.io for more information.

 

About Alphaslot:

Alphaslot is a Hong Kong company focused on blockchain technology. Our management team has solid experience in gaming technology development, channel distribution and compliance assessment. Alphaslot achieves the application of the token economy with the use of blockchain, and will gradually expand to relevant businesses such as e-sports and the management and regulation of the digital asset market. Alphaslot has now obtained backing from several top funds, including Sora Ventures, and follows the footsteps of Japanese gaming giants Sega-Sammy and KONAMI as the third Asian technology company to join the U.S. GSA, as well as being the first blockchain technology company to be a member of GSA. In future, Alphaslot and GSA will work with government regulatory authorities, continuously driving the development of blockchain in the entertainment industry.

 

Source: Alphaslot


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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Levy announcement: GamCare statement and data

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Statement:

Mark Weiss, Deputy CEO and Director of Communications and External Affairs at GamCare, commented: “We welcome today’s announcement from the Government on the statutory levy and look forward to working with the NHS, other providers and future commissioners to ensure the success of the new treatment, prevention and research system.

“At GamCare, our priority is making sure that people who need support for gambling harms receive it as quickly and effectively as possible. With a record 55,000 people calling the National Gambling Helpline last year alone, now is the right time for this important clarity on the future system.

“With 27 years’ experience running the National Gambling Helpline, GamCare plays a vital role ensuring people can access gambling harms support when they need it most.

“Just as we welcome this renewed focus on treatment, we recognise the importance of protecting vulnerable people, particularly children, before harms escalate. That’s why we welcome the Government’s emphasis on prevention. Having witnessed a steep rise in our Helpline callers citing difficulties with online slots, GamCare further welcomes the introduction of new youth-focussed stake limits – an important step in preventing future harm.”

Additional new data from GamCare

  • Almost half of calls (45%) to the National Gambling Helpline now cite issues with online slot machine games.
  • The proportion of calls to the National Gambling Helpline citing issues with online slot machine games has increased by one-third since the pandemic, according to the gambling support charity GamCare.
  • The charity found that, of the 6697 callers who disclosed a form of gambling to Advisers on the Helpline in 2023-2024*, 45 per cent cited challenges with gambling on online slot games, a figure which stood at 34 per cent in 2020-2021.

 

Activity 2020-2021 2021-2022 2022-2023 2023-2024
Online Slots 33.6% 45.8% 43.9% 44.6%

 

The post Levy announcement: GamCare statement and data appeared first on European Gaming Industry News.

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Play’n GO announces exclusive game launch with Hard Rock Bet

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Play’n GO, the world’s leading casino entertainment provider, has today announced the release of a new game title available exclusively to Hard Rock Bet online casino players in New Jersey.

Play’n GO recently announced the beginning of its partnership with Hard Rock Digital to provide premium content for its highly-rated Hard Rock Bet online casino in New Jersey.   

The Swedish-founded gaming giant partnered up with the renowned global entertainment brand to create Hard Rock Pork N Roll, a spin-off of another wildly popular Play’n GO title, Piggy Blitz. The resulting game is the outcome of many months of collaboration and is predicted to entertain Hard Rock Bet players in the same style as its predecessor.  

Magnus Olsson, Chief Commercial Officer at Play’n GO, commented “Our formal partnership with Hard Rock Digital is still in its relative infancy, but many months of work have gone into both the partnership itself and the design of this game, with input from both businesses. We’re excited by this new exclusive title, and it is a testament to the innovation and creativity of our game designers to create a fun spin-off of one of our classic titles. Hard Rock Pork N Roll is sure to be a huge success- the name of the game alone makes it stand out as an instant classic! This game is evidence of our ability to create top-quality, bespoke content for all of our customers, something we’re looking forward to doing more of in future.” 

Grant Williams, SVP-Casino, Hard Rock Digital added “Our ‘Only at Hard Rock’ section continues to grow with another exclusive, bespoke experience and the addition of Hard Rock Pork N Roll—an immersive title that seamlessly weaves signature Hard Rock elements into the gameplay. Working with Play’n Go on this custom creation has set the standard for future collaboration, and we’re confident that Hard Rock Pork N Roll will quickly become a headliner among the 2,300+ games on our top-rated app.” 

To find out more about Play’n GO and its Hard Rock Digital partnership, as well as its US activity, please visit playngo.com 

 

The post Play’n GO announces exclusive game launch with Hard Rock Bet appeared first on European Gaming Industry News.

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Stretch Network announces Black Friday Weekend Tournament

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Black Friday Weekend is here! Stretch Network introduces another player-focused initiative – the Black Friday Weekend promotion. Running from November 29th to December 1st, this event offers up to 90% discounts on buy-ins for the World Poker League tournament series.

Here’s how it works:

  • Players register for special phase tournaments at a reduced cost.
  • These 2-minute events don’t require player actions and provide the same starting stack as the target tournament.
  • After the phase tournament ends, players are automatically registered for the main event.
  • Players already in the target tournament will have their stacks combined for added excitement.

Raise with us to go all-in on player satisfaction.

The post Stretch Network announces Black Friday Weekend Tournament appeared first on European Gaming Industry News.

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