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BetDEX Exchange Becomes First Fully-licensed Sports Betting Exchange on Blockchain

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BetDex Exchange has received a licence from the Isle of Man Gambling Supervision Commission (GSC) to become the first sports betting exchange on blockchain.

Under the Online Gambling Regulation Act (OGRA), BetDEX has received licensed approval for all forms of online gambling and gaming, including online sports betting. The BetDEX Exchange is powered by BetDEX Labs, a web3 company founded by former FanDuel executives Varun Sudhakar, CEO, Stuart Tonner, CTO, and Nigel Eccles, Chairman.

Varun Sudhakar, CEO and Co-Founder of BetDEX, said: “Today’s news is an exciting step forward for the BetDEX Exchange. With the licensing and regulatory approval, BetDEX now boasts the first fully-regulated sports betting platform in the web3 space, and we’re excited to welcome bettors from approved regions. We’re certain this is the start of growing our exchange and continuing the expansion of sports betting into the Web3 landscape.”

Digital Isle of Man Head of eGaming Abby Kimber said: “It is a pleasure to welcome BetDEX to the Island. We are excited to be at the forefront of technologies like blockchain while maintaining our reputation as a highly regulated jurisdiction that prides itself on player protection. I wish BetDEX every success with their future ventures and look forward to partnering with them for many years to come.”

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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Imagine Live and SoftGamings Join Forces

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Imagine Live, a provider of innovative live dealer games and solutions, is thrilled to announce its strategic partnership with SoftGamings, a prominent iGaming platform provider. This collaboration marks a significant milestone in online gaming by delivering premium live casino experiences to partners and their players worldwide.
Imagine Live’s portfolio includes classic games with innovative solutions like Blackjack, Roulette, Baccarat, etc. We’ve added game show-style content to our growing portfolio, such as ”Robin The Fair”.
Imagine Live can also be proud of its Robot Arm camera. Its advanced robotics technology allows it to move smoothly and seamlessly, giving players a clear view of all the actions at the table. With the Robot Arm camera, players feel right around the table, enjoying a real casino’s excitement and thrill.
By integrating Imagine Live’s exceptional live dealer games into SoftGamings’ platform, operators will access a diverse portfolio of high-quality content that will captivate players and drive engagement.
“We are excited to partner with SoftGamings to bring our innovative live casino solutions to a wider audience,” said Hakob Manukyan, CEO of Imagine Live Armenia. “Together, we aim to set new standards for live dealer casinos in the iGaming industry and help partners to provide an unforgettable and premium gaming experience to their players.”
A representative from Imagine Live shared why this partnership is valuable for them.
  • A true business partner with a shared vision and an opportunity to connect with SoftGaming’s extensive client portfolio and enhance its product offering.
  • Partnering with SoftGamings feels like a watershed moment for Imagine Live as we gain the approval of one of the market-leading distributors of quality products.
  • This partnership will open new markets for Imagine Live and catalyze us to augment our product offering to serve those markets correctly.

The post Imagine Live and SoftGamings Join Forces appeared first on European Gaming Industry News.

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ELA Games’ Kraken Bay Shortlisted for “Slot of the Year” at the SBC Game Developer Awards 2024

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ELA Games announces that its online slot, Kraken Bay, has been nominated for the prestigious SBC Game Developer Awards 2024 in the Slot of the Year category. This nomination confirms ELA Games’ studio principles of creating games for players by players with high-quality graphics design.

Kraken Bay invites players on an exhilarating journey to a treasure-filled cove, where they encounter a mysterious monster amidst lucky spins, colossal prizes, and an enchanting gaming experience. The Wild symbol coming to the lucky treasure seeker will significantly multiply the winnings on the line. Players can also collect multipliers on the reels in the bonus game with potential winnings of up to 5,000 times the original bet. For those who want to evaluate the design and gameplay of the game, a demo version of Kraken Bay is available on the ELA Games studio website.

Mike Cini, Business Owner of ELA Games, expressed the team’s joy and appreciation upon receiving the nomination, “The nomination for Slot of the Year confirms our dedication to crafting captivating, high-quality games, such as Kraken Bay. We always keep the player in mind when we build games, so this nomination stands as further proof we’re doing our job right. We eagerly anticipate the outcome of the awards ceremony.”

The results will be announced on May 23, 2024, during the Casino Beats Awards ceremony at the Hilton Hotel in Malta. ELA Games remains hopeful for a favorable outcome and extends its gratitude to the judges for acknowledging the studio’s contributions to the industry and players.

The post ELA Games’ Kraken Bay Shortlisted for “Slot of the Year” at the SBC Game Developer Awards 2024 appeared first on European Gaming Industry News.

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Europe’s Largest Lottery Remains the Responsibility of WestLotto

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The largest lottery in Europe remains the responsibility of WestLotto. At the general meeting of the 19 Eurojackpot countries, the state lottery company of North Rhine-Westphalia in Bled, Slovenia, was confirmed in its administrative leadership role for another three years. In addition, WestLotto managing director Andreas Kötter was once again elected as chairman of the world’s most successful lottery launch in recent years.

“The Eurojackpot is a European success story. We are proud to be significantly involved and to be able to continue our work,” said Andreas Kötter.

Since the first Eurojackpot draw in 2012, the threads for the Eurojackpot have come together at WestLotto. At the company headquarters in Münster, the tips from all participating countries are recorded and the winnings and odds are evaluated. In Bled, the total of 34 state-licensed lottery companies confirmed WestLotto’s outstanding leadership role so far in the gaming offering, which reaches around 325 million people in Europe.

After starting with state-licensed lottery companies from seven countries, the Eurojackpot cooperation has now grown to 19 nations. Most recently, the Greek company OPAP joined the merger in March. Germany is involved with all 16 federal state companies from the German Lotto and Toto Block (DLTB). The draws are carried out every Tuesday and Friday. According to the formula 5 out of 50 and the Euro numbers 2 out of 12, a jackpot of between 10 and 120 million euros is played.

The post Europe’s Largest Lottery Remains the Responsibility of WestLotto appeared first on European Gaming Industry News.

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