Author: ad11min

Want to invest in the Cryptocurrency Market? Here’s what you need to know! 

With the exponential growth of the cryptocurrency market, it has become a popular investment option for people around the globe. Using the blockchain technology, cryptocurrency has the potential of changing the lives of people for the better. This is why Uzidata has designed a platform for the blockchain community where they can stay updated with all the information & analytics of cryptocurrency. But investing in crypto is not such an easy task. Apart from the huge growth potential, there are other important factors that you need to consider before investing in cryptocurrency. Some of the important things to consider include: 

  • Volatility of Cryptocurrency

Crypto-currencies are highly volatile as the values fluctuate between extreme ups and downs. While there can be an unimaginable rise in the value of cryptocurrency, there can also be extreme price drops just the other moment. The volatility of the market makes it more exciting and even offers opportunities to the traders to make good profits. Though the risks are high, having an effective risk management strategy can help in dealing with the situation better.

When you are planning to explore the cryptocurrency market and make investments, it is essential to spend some time in doing thorough research. Before investing your hard-earned money, it is wise to understand the meaning of cryptocurrency, blockchain, security measures, and more. Getting updated about technology, regulations, investment strategies, and other important aspects can help you understand the market better and make smart investments.

Knowing the amount to invest in cryptocurrency is another important factor to consider. Being a volatile market, the chances of gains, as well as losses, are very high. It is always advisable to invest money that you can afford to lose. Investing such amounts ensures that in case of a loss, your life will not be affected much. Making smart decisions not only avoids unwanted consequences but also helps in remaining in a profitable situation.

Before investing in the cryptocurrency market, it is also important to determine the total market cap of the particular cryptocurrency that you wish to invest in. Solely relying on the unit value for determining the growth potential is not the right way. Instead, analyze the total capitalization as well as the increase in capitalization of the cryptocurrency for better insights.

Investing in the cryptocurrency market can enable you to make money or lose money, or at times your investment remains constant. In such a situation, tracking your funds becomes important. While tracking seems to be complex and difficult, the tracking tools can help in making the task easier. With a wealth of information and reports, the tools help in easily tracking your investments in the cryptocurrency market.

While planning to invest in cryptocurrency, it is also important to choose a reliable and secure platform. Investing in any random platform without detailed research can increase the risk of your investment. In order to avoid potential scams or frauds, considering doing some good research and investing through a trustworthy cryptocurrency platform only.

Considering the above aspects can help in making good investments in the cryptocurrency market and making easy profits. With smart decisions, making the best investments in cryptocurrency becomes possible. But for taking the right decision and framing strategies, you need the correct and the most updated info. This is where platforms like Uzidata come in, with their brilliant database. The aim is to deliver a safe ecosystem to the community where they can access all the updated info and even get engaged in the conversations regarding the various bitcoins. 

Right from the first, they have been aiming to revolutionize the way people search for information when it comes to anything related to blockchain. What makes Uzidata so unique is the fact that it serves the community irrespective of the role you play in the industry. Here are some of the features that you can expect from Uzidata once you log in.

  • Market screener
  • News aggregator
  • Real-time alert
  • Data analytics 
  • Live community
  • Portfolio tracker
  • KOL private discussion
  • Rewarding games

So if you want to be an expert on cryptocurrency before you start investing make sure to try out Uzidata first! 

Wazdan to Add Casino Games Range to Salsa Technology’s Platform

Online casino content provider Wazdan today announced that it has partnered Salsa Technology, formerly Patagonia Entertainment, in a move that will see its games range integrated onto its new partner’s Game Aggregation Platform.

The integration will provide online casinos servicing customers from Latin America and Asia with access to Wazdan’s tantalizing slots portfolio.

Hailing from Latin America, Salsa Technology, which recently rebranded from Patagonia Entertainment, has established itself among the leaders in the provision of iGaming solutions in the region.

It services both land-based and online casino operators through its Game Aggregation Platform. Salsa Technology’s portfolio of technology solutions and games is lab certified in Colombia and Mexico, as well as in Asia. The company anticipates to soon obtain certifications in Europe, as well.

Salsa Technology first entered the iGaming industry as a video bingo game developer. While it has expanded its scope of operations significantly since then, it has been holding onto its status and continues to release video bingo titles to the market.

Wazdan’s Partnership with Salsa Technology

Through its recently penned deal with Salsa Technology, Wazdan’s diverse range of gaming titles will be integrated onto its partner’s Game Aggregation Platform. The addition of content will require a single integration.

Titles that are set to soon become available on Salsa Technology’s platform include Larry the Leprechaun, Butterfly Lovers, Magic Stars 9, and Dragons Lucky 8. Hit slots Los Muertos, Valhalla, and the Magic Stars series will, too, be integrated onto the Game Aggregation Platform.

In addition, Salsa Technology will gain access to the nine new games Wazdan plans to release this year. The casino content studio showcased the new titles during the ICE London conference and exhibition show that took place earlier this month.

As mentioned above, Wazdan’s deal with Salsa Technology will enable the content developer and supplier to expand its presence across various LatAm and Asian markets. Earlier this year, the company debuted its games in the Hungarian iGaming market through a partnership with Grand Casino, a locally licensed online gaming operations that was launched after the reorganization of the Hungarian market in 2018.

Excited to Continue LatAm Expansion

Commenting on their partnership with Salsa Technology, Wazdan Head of Sales Andrzej Hyla said that they are thrilled to partner a leader in the LatAm market and to be able to offer their titles to users of the Game Aggregation Platform.

Mr. Hyla went on that they are excited to continue to expand their reach in Latin America and proud to partner a strong developer like Salsa Technology that will support their expansion.

Victor Arias, Global Business Development Manager at Salsa Technology, said that “Wazdan works wonders with its creative casino content, and we couldn’t be happier to add these titles to our GAP.”

Source: WAZDAN SECURES NEW PARTNERSHIP WITH SALSA TECHNOLOGY, EXTENDING THEIR REACH IN LATIN AMERICA AND ASIA

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Moneyval Calls on Cyprus Casinos to Strengthen AML Practices

Moneyval said in a recent evaluation report that the operation of casinos on the territory of the Republic of Cyprus carries potential money laundering risk.

Moneyval is a permanent monitoring body of the Council of Europe tasked with assessing compliance with principal standards to tackle money laundering and the financing of terrorism.

The agency further noted in its evaluation report on money laundering and terrorist financing that it believes Cyprus Casinos, the company authorized to operate casinos around the tiny Mediterranean island nation, should not expand its activities until it makes sure that risks of money laundering are reduced to an absolute minimum.

Cyprus Casinos is a subsidiary of Hong Kong-listed integrated resort operator Melco Resorts & Entertainment. The company operates a temporary casino in the Cypriot city of Limassol and three satellite casinos in the capital Nicosia, Larnaca, and Ayia Napa.

News about Moneyval’s report emerge just weeks ahead of the planned opening of a fourth satellite casino in Paphos.

AML/CTF Weaknesses

Moneyval’s report details an onsite visit of Cyprus Casinos’ Limassol venue in May 2019, suggesting that there were weaknesses in the property’s anti-money laundering and counter-terrorist financing systems.

The monitoring body’s assessment team said that the gambling venue was “currently operating at or beyond the limits of its AML/CTF compliance and risk management system.”

According to Moneyval, the opening of more casinos “will undoubtedly increase the risks of money laundering and terrorist financing, and Cyprus Casinos should take further measures to mitigate such risks before moving on with expanding its operations in Cyprus.

The monitoring agency also urged the Cyprus Gaming and Casino Supervision Commission not to authorize the opening of more casinos until Cyprus Casinos proves that it has deployed proper risk management practices.

Light at the End of the Tunnel

While the Moneyval report has thrown some serious shade on Cyprus Casinos’ efforts to counter money laundering and financing of terrorism, it also notes that the company has been taking some measures to prevent its properties from being used to mask financial crimes.

The monitoring body specifically referred to the fact that the company has been encouraging patrons to join its loyalty program, which allows it to carry out basic checks on clients’ background.

Commenting on Moneyval’s report, Cyprus Casinos said in a statement that combating money laundering and terrorist financing was an integral part of their operations and that they welcomed “a strong and compliant regulatory framework.”

Cyprus Casinos further noted that it has been working closely with the Cypriot gambling regulator to implement all the necessary anti-money laundering regulations and deploy additional industry-leading AML/CTF procedures across all its operations.

Source: Moneyval concerned over casino expansion in Cyprus

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Why cannabis sponsors the cleanup of more Colorado highway miles than any other industry

Cannabis companies are the leading sponsors of Colorado highways, accounting for cleanup on two-thirds of the roads maintained by Clean Colorado — a program the industry has leveraged as a loophole in the state’s strict limits on marijuana advertising.

Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state, according to data from the Adopt a Highway Maintenance Corporation.

Though they represent less than half of all organizations that participate in the Clean Colorado program, those cannabis firms’ reach spans about 198 miles, or 66% of the roads actively sponsored.

Read the rest of this story on DenverPost.com.

GiG Sells B2C Casino, Betting Brands to Focus on B2B Growth

Gaming Innovation Group announced today that it has agreed to sell its B2C division to gambling operator Betsson Group in a bid to focus on its B2B operations, “reduce complexity and improve efficiency.”

Under the terms of the deal, Betsson will pay the amount of €31 million on the day the transaction closes. The aforementioned amount will include €22.3 million in cash payment for the acquisition, plus a prepaid platform fee of €8.7 million.

GiG will use proceeds from the transaction to repay its SEK300 million 2017-2020 bond.

GiG’s portfolio of B2C brands includes the Rizk, Guts, Kaboo, and Thrills casino and sports betting websites. Under the terms of the deal, Betsson will keep all four brands operational on GiG’s proprietary iGaming platform for at least 30 months.

During the first 24 months, Betsson will pay a premium platform fee based on net gaming revenue generated. Based on the estimated platform fees, the total value of the sale is expected to reach approximately €50 million.

The deal is subject to regulatory approvals and is expected to close by mid-April.

GiG said that its decision to offload its B2C business was the result of a strategic review the gambling group initiated last November. The review further resulted in an “evolved strategic direction” prompting the company to “reduce complexity and improve efficiency.”

Focus on B2B Business

The sale of its B2C division will free up resources and will enable GiG to fully dedicate its attention on driving and growing its B2B operations. The company explained that it sees “a large and sustainable addressable market for its platform business” as iGaming continues to become a regulated industry in a number of jurisdictions.

GiG also believes that through its omni-channel platform, it is well positioned to capitalize on the continued digital transformation of the global gambling market.

As part of the recently launched strategic review of its operations, GiG has also decided to make its technical platform “sportsbook agnostic” and to team up with other betting technology providers to offer the best possible solutions to its clients.

Under its deal with Betsson, the gambling operator will integrate its sportsbook solution on GiG’s platform. The two companies will thus be able to sell their B2B solutions without conflict of their B2C brands.

To further spearhead the growth of its sportsbook, GiG said that it would seek joint ventures and other collaborations with gambling companies to “release the true asset value” of the solution.

The gambling group plans to seek partners for the growing US market. Here it is important to note that GiG is one of just several B2B providers that offer omni-channel online gambling services in multiple states around the US.

Management’s Comments

Of the acquisition of GiG’s B2C business, Betsson CEO Pontus Lindwall said that they believe the deal offers a good opportunity for his company to consolidate, create synergies, and apply our core B2C skills and marketing insights to scale these assets to their true potential.”

Mr. Lindwall went on that their agreement with GiG will also further strengthen and expand their outreach and growth potential for their proprietary sportsbook solution and payments platforms in the international B2B market.

GiG Chief Executive Officer Richard Brown commented that the transaction enables them to focus their efforts towards the B2B segment and that while “offering both B2C and B2B services had synergies” in the past, the “current conflicting priorities of the two business areas, and increased complexity in the market, have lessened the potential offering on both fronts and our ability to sign new customers.”

Of the integration of Betsson’s proprietary sportsbook into their platform, Mr. Brown said that this would not only provide “cost saving synergies”, but would also allow them to offer one of “the most well-renowned European sportsbooks to our current and future B2B partners.”

Source: Gaming Innovation Group divesting its B2C vertical to Betsson Group

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Microgaming Rolls Out Content with Svenska Spel Sport & Casino

In a week full of major announcements, Microgaming revealed its latest important partnership that strengthened its foothold in a big regulated market.

The company announced Thursday that its wide range of online casino content has gone live with Svenska Spel Sport & Casino, the online gambling operation of Swedish state-run operator Svenska Spel.

Established in 1997 and headquartered in Visby, Svenska Spel was up until last year one of the few state-managed Swedish companies authorized to provide gambling services on the territory of the country.

Following the reorganization of the Swedish market in January 2019, Svenska Spel launched its online gaming and sports betting division – Svenska Spel Sport & Casino – to enter Sweden’s regulated iGaming space and compete with international gambling companies for a slice of it.

After the successful completion of integration with Microgaming’s content aggregation platform, which includes hundreds of proprietary gaming titles as well as content by third-party provider partners, Svenska Spel Sport & Casino can now provide its players across Sweden with an engaging line-up.

Swedish customers of the former gambling monopoly can access Microgaming’s popular branded slots such as Game of Thrones and Lara Croft Temples and Tombs as well as a mix of new and hit classics such as Immortal Romance, Book of Oz, and Agent Jane Blonde Returns.

A Significant Market

Microgaming entered Sweden’s regulated market on January 1, 2019, the very day that the country’s new gambling law took effect. Since then, the provider has partnered a number of major operators licensed to operate in Sweden.

Just as the rest of the industry, Microgaming considers the Scandinavian nation a significant market, as it is one of Europe’s largest markets in terms of revenue generated.

Of their recent partnership with Svenska Spel, Microgaming Chief Operating Officer Andrew Clucas said that the Swedish operator is a tremendous addition to our sizeable customer base in this key strategic market”. Mr. Clucas added that they are pleased to welcome Svenska Spel Sport & Casino to their family.

Jonas Nygren, VP Casino at Svenska Spel Sport & Casino, commented that they are delighted to collaborate with Microgaming and to gain access to its portfolio of “high quality, innovative content.” The Svenska Spel official went on that the addition of Microgaming’s catalog will certainly enhance the overall gameplay experience they offer to their gambling customers.

Aside from announcing important partnerships, Microgaming is also busy preparing its newest titles for their scheduled February release. The next game to join its ever-expanding portfolio will be Seven 7’s, an online slot created by Crazy Tooth Studios exclusively for Microgaming. The slot, themed around the hidden treasures of the seven seas, is set to hit the market on February 18.

Source: Microgaming’s content live with Svenska Spel Sport & Casino in Sweden

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Boston’s would-be pot entrepreneurs lie in wait as city slow-walks new marijuana licensing board

Two Boston entrepreneurs’ plans to open the state’s third independent testing laboratory to check the safety of cannabis products — including vape cartridges — are being slow-walked as the city works to roll out a brand new marijuana licensing board amid an already slow-moving pot industry.

“There is a dire need for marijuana testing and that’s where we are putting 99 percent of our attention … but we need to make sure we don’t get bogged down in the politics,” said Dimitri Pelekoudas, CEO of Assured Testing Laboratories.

Pelekoudas and his partner Kris Nykbakken want to open a lab at 43 Freeport St. in Dorchester that would test the safety of marijuana flower, products and concentrates that can contain dangerous solvents and chemicals. State law requires all legally sold marijuana products to be tested for potency and safety prior to sale.

Read the rest of this story on BostonHerald.com.

LeoVegas revenue up 3% for Q4 2019

LeoVegas revenue was €87.1m ($94.4m) for Q4 2019, a rise of 3% year-on-year.

EBITDA was €14.5m, an increase of 79%.

The operator reported a 7% rise in the number of its depositing customers at 351,613, while the number of returning customers reached an all-time high of 207,982, up 14%.

During the quarter, LeoVegas sold its subsidiary Authentic Gaming to Genting for a fee of €15m on a debt-free basis.

The operator praised its development in the Swedish market, which it described as “stronger than ever,” and continued growth in Germany despite the removal of a key payment services provider.

The quarter also saw LeoVegas remove its Royal Panda brand from the UK market, instead focusing on other Rocket X-managed brands within the region, as well as the flagship LeoVegas brand.

Gustaf Hagman, CEO of LeoVegas, said: “During 2019 we worked hard to reduce complexity in the group, be more efficient and adapt to the changes taking place in the gaming industry.

“In parallel with this we have enhanced the attraction of our product through new functionality and greater personalisation.

“We have entered 2020 with a good starting point, with an increasingly efficient organisation and many ongoing initiatives surrounding product innovation and brand expansion.”

Scientific Games agrees partnership extension with William Hill

Scientific Games and William Hill have agreed to extend their partnership for an additional four years through 2024. 

Scientific Games will continue to provide its sports betting technologies to William Hill in Europe, building on a long-standing relationship dating back to 2007.

Under the terms of the new agreement, William Hill will utilise Scientific Games’ OpenSports technology on a modular basis. This will enable William Hill to operate with a greater degree of speed and flexibility, including the capability to deploy proprietary products across multiple jurisdictions in Europe.

Jordan Levin, CEO of SG Digital, said: “We’re really building on one of our strongest relationships. The team at William Hill share an ambition to create next level player experiences and together, across sports and online gaming, we’re making that a reality.”

Ulrik Bengtsson, CEO of William Hill, said: “It’s a pivotal time for sports betting and online gaming providers. Scientific Games’ solutions provide us with the flexibility that is key to our growth strategy in the UK and Europe and we’re pleased to continue to use their products that will be provided on a flexible and modular basis to power our shared success in the years to come.”

GiG sells B2C assets to Betsson for €31m

Gaming Innovation Group (GiG) has agreed to sell its B2C assets to operator Betsson for an initial fee of €31m ($33.6m).

The fee consists of €22.3m in cash payments, plus a pre-paid platform fee of €8.7m

Through the deal, Betsson has agreed to maintain the B2C brands on GiG’s platform for a minimum of 30 months, paying a platform fee based on NGR generated for the first 24 months.

Including these platform fees, GiG expects the total value of the deal to be approximately €50m.

GiG decided to sell the assets after a strategic review in November 2019, which saw the company develop a plan to reduce its complexity and improve efficiency.

Richard Brown, CEO of GiG, said: “I am very excited about this transaction as it provides multiple upsides to GiG.

“While putting the company in a financially sustainable position, it gives us the ability to focus on where we see real long term shareholder value.”

Pontus Lindwall, CEO of Betsson, said: “We believe this deal offers a good opportunity for Betsson to consolidate, create synergies and apply our core B2C skills and marketing insights to scale these assets to their true potential.

“The agreement with GiG further strengthens and expands Betsson’s outreach and growth potential for its proprietary sportsbook and payments platforms in the B2B market.”