Tag Archive : Launch

BitPay Adds Support for BUSD Stablecoin to Launch Merchant Support

Crypto payments firm BitPay is adding support of Binance’s stablecoin BUSD, in order to enhance its crypto payment options. BitPay users will now be able to accept BUSD as a payment method. They will be able to buy BUSD on Binance or any other platform where the coin is listed. The BitPay wallet now has more than 2 million users. 

The firm will also be launching its merchant support this week, after which users will be able to execute cross border payments using BUSD. Furthermore, it will also process all transactions related to the Binance Charity Foundation. 

Stephen Pair, CEO of BitPay commented, “The partnership with Binance is about more than supporting another stablecoin, it is about making cross border payments simple and easy for both businesses by leveraging the global influence of Binance Exchange. With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar.”

BitPay already supports the following coins – Coinbase’s USD Coin (USDC), the Gemini Dollar (GUSD), the Paxos Standard token (PAX) Prior, Bitcoin, Bitcoin Cash, and Ethereum. 

Commenting about the collaboration, Binance CEO Changpendg Zhao said, “We are honored to partner with BitPay, one of the earliest and most reputable crypto payment service providers in our industry. Stablecoin is the forerunner of blockchain-powered payments by its nature.

Partnering with BitPay will enable merchants and businesses from around the world to accept BUSD, the USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS). We believe a growing number of merchants and businesses will start adopting crypto, and we are glad to provide the payment solution together with BitPay, making the process simpler and easier.”

Mohegan Gaming Working Toward 2022 Korea Casino Launch %

US casino resort operator Mohegan Gaming & Entertainment is on track to complete a multi-billion integrated resort project in Incheon, South Korea by early 2022, despite disruptions caused by the unprecedented health crisis that has gripped the world.

Asked by regional casino news outlet GGRAsia whether they expect any construction delays, Mohegan Gaming CEO Mario Kontomerkos said that “work continues and we are working toward our 2022 goal.”

Mohegan Gaming’s South Korea project, known as Inspire Entertainment Resort, involves the construction of a luxury integrated resort with a casino in Incheon, a city located near the capital Seoul that has long been an important transportation hub as it hosts the massive and ultramodern Incheon International Airport.

Mohegan Gaming’s property is set to be developed in several phases, the first of which is slated to be completed and unveiled by 2022.

Phase one of the mega-scheme will include 1,250 hotel rooms, a foreigner-only casino with 700 slot machines and 160 table games, a 15,000-seat entertainment venue, and 40 dining outlets, among other facilities.

According to a previous report by local news outlet Korea Times, the Inspire integrated resort is set to be developed in four phases, with the final one due to be completed by 2031.

A $5 Billion Scheme

The same report by Korea Times claimed that Mohegan Gaming has earmarked some $5 billion for the development of its integrated resort in South Korea over four phases. It is believed that the company is planning to spend around $1.3 billion on phase one.

Construction on the second phase of the scheme is set to begin in 2021, according to Korea Times. That phase, too, is set to cost more than $1 billion to the hotel and casino operator. It will include the addition of a Paramount Pictures-branded indoor theme park that will be “unlike any other in Asia.” Phase two of the Inspire project is slated to be completed by 2025.

Mohegan Gaming announced late last year that it had appointed major South Korean conglomerate Hanwha Corp. as the main contractor for the project. In addition, the two companies had signed a multi-year agreement that would see Hanwha manage non-gaming amenities at Inspire, including hotel and resort operations as well as marketing and HR.

Aside from its South Korea project, Mohegan Gaming has introduced another Inspire concept in recent years, with the second one being Inspire Athens. The US casino operator entered the race for a license for the development of a casino resort near the Greek capital last year.

Mohegan Gaming was the only candidate (out of two, the other being Hard Rock International) that was allowed to move onto the next stage of the selection process carried out by the Hellenic Gaming Commission.

Inspire Athens would include a casino with 1,200 slot machines and 120 table games, a luxury hotel, entertainment venues, a convention center, retail space, dining outlets, sprawling resort pools, and a “comprehensive mix of premium amenities.”

Source: S.Korea project on track for 2022 launch: Mohegan CEO

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EveryMatrix empowers operators to quickly launch into esports

EveryMatrix has enhanced its OddsMatrix Services to answer the sports betting market’s demand for finding new entertainment options for punters worldwide. New developments include launching a new bespoke Esports Hosted Solution, expanding coverage by almost doubling the number of events, and growing video streaming capabilities.

Initially launched in early 2019, OddsMatrix esports services have been expanded massively in recent weeks to support clients’ endeavours of exploring other sports business opportunities, after the cancellation of traditional sports events across the world.

Offering access to a market leading selection, including highly popular titles such as FIFA, NBA2k, CS:GO, LOL, Dota, among many others, OddsMatrix competitive coverage totals monthly more than 8,000 events with 5,000 live events, with video streaming available for over 90% of live events and a huge range of specialised betting markets specific to esports.

The new Esports Hosted Solution enables bookmakers to direct sports punters to esports by adding an extra tab or menu item with a very strong esports offering, fully hosted and managed by OddsMatrix. The new solution can be integrated with existing sportsbooks and mobile apps in two weeks.

Ebbe Groes, Group CEO, comments: “Along with virtual sports, esports are very much in focus during this sensitive situation. For esports, we’ve seen an enormous increase in turnover in the past weeks, and we’re expecting to see the numbers go up even more. This is a clear indicator that esports are ready to step up into the mainstream and can also appeal to regular bettors, not only to computer games enthusiasts. In particular betting on sports-based computer games such as FIFA and NBA2K are extremely popular as an easy cross-over for traditional sports players. This can generate much-needed revenues in these wobbly times.”

The esports services can be integrated into an already existing sportsbook as a quick Esports Hosted Solution, with a personalised front-end and seamless wallet and player management integration.

Crypto.com announces the launch of its Invoicing feature

Cryptocurrency payment platform Crypto.com is introducing a new invoicing feature, that will enable merchants on the platform to generate invoices in BTC, ETH, XRP, LTC, ETH, and Crypto.com coin. They will also be able to send these invoices to customers through the platform itself. 

Crypto Invoicing

Business operations using crypto is becoming popular gradually. To ease up the process, crypto invoicing is a major feature. As per the latest announcement by Crypto.com, merchants on the platform will now be able to generate and send invoices to customers who pay for goods/services using any of the following digital currencies – BTC, ETH, XRP, LTC, ETH, and Crypto.com coin.

How does Crypto.com invoicing work? 

Merchants will have the option to list their products/services on a fiat currency based invoice. Once they send these invoices to customers, they will be able to settle the invoice amount through any one of the above-mentioned digital currencies. Customers can do so using the Crypto Pay feature in the Crypto.com App. Furthermore, the amount paid in crypto will be instantly converted into equivalent fiat of the merchant’s choice. 

The firm claimed that the conversion is to ensure that the merchants and customers are not affected by price fluctuations in the crypto space

Is Crypto Invoicing a trend now? 

At the beginning of this month, a crypto firm named NetCents introduced a recurrent billing feature. It also has a full-service invoicing suite. Other companies like OpenNode, Shelli.io, and IOTA have also launched their invoicing software. 

Invoicing is a major aspect fo any business transaction. So many firms introducing the feature is definitely a boost towards crypto adoption in enterprises. Moreover, it also instills trust between merchants and customers. Hence, Crypto Invoicing is surely a good step in the quest of bringing about the mass adoption of crypto, especially in the business space.

Binance to launch Rand Fiat Gateway in South Africa; Will donate $1M for Blockchain Education

South African crypto enthusiasts will now be able to make Rand deposits on global cryptocurrency exchange Binance. The latest update was announced by Binance CEO Changpeng Zhao at the Blockchain Africa Conference. To support this latest update, Binance is all set to launch a fiat gateway specifically for Rand deposits. As per the company, this facility will be operational in the next few weeks. 

What did Changpeng Zhao say?
Zhao is of the opinion that the upcoming launch is a part of Binance’s strategy to promote crypto in Africa. He went to say, “Africa illustrates one of the largest demands and instrumental use cases for cryptocurrency, notably for financial access. According to the World Bank, approximately 66 percent of sub-Saharan Africans are listed as unbanked. So instead of trying to bank the unbanked, let’s try and Bitcoin the un-Bitcoin.”

Binance is already operational in as many as 35 African countries. Changpeng Zhao acknowledged that South Africa has always been one of the countries that Binance planned to offer services in. He added, “Looking at South Africa specifically, crypto adoption continues to rise with SA being one of the top five countries in terms of cryptocurrency ownership. Today I’m excited to announce that Binance is launching a South African fiat-to-crypto gateway soon. This will enable South Africans to buy cryptocurrencies with their local bank accounts.”

Binance supporting Blockchain education in South Africa
Binance South Africa country manager, Tanya Knowles confirmed that the company is also planning to invest $1M to support blockchain education in the country. This donation will be made through the Binance Charity Foundation. 


Interwetten enters Africa for the first time with Nigeria launch

Interwetten has entered the African market for the first time, after receiving a license to offer sports betting in Nigeria.

Regulatory body, the National Lottery Regulatory Commission (NLRC), awarded the operator a national license that allows it to offer sports betting and associated products in Nigeria, via interwetten.ng.

The brand will offer sports betting, virtual sports and esports on both mobile and desktop, while streamlining its website to adapt to the Nigerian market.

Market entry will be accompanied by marketing campaigns, including using a former Nigerian national football team player, while Interwetten aims to participate in local social projects.

Interwetten Speaker of the Board (CEO) Dominik Beier said: “The market holds some challenges but also a variety of opportunities for us.

“The enthusiasm for sport and betting in this country is enormous. We can produce a product with the highest European standards and I am confident it will be well received.

“It is a real milestone in the successful history of Interwetten; we are proving once again to be a first mover in the industry.”

In January, the operator announced its best-ever financial results, with 2019 revenue increasing 25% year-on-year to €99.5m ($111.8m), and betting stakes rising 30% to more than €2bn for the first time.

Nigeria is an emerging sports betting market worth an estimated $2bn, with an estimated 84% of online traffic coming from mobile devices.

INX Announces Launch of Roadshow for its Security Token IPO

As per the recent report, INX Limited has made an announcement of launching its roadshow for its security tokens IPO in 2020. This projected offering comes to around 130,000,000 INX Tokens.  The price of IPO is expected to be over US$0.65 to US$1.15 each Token.

INX plans to use one part of their raised proceeds from INX Tokens sale for the constant development and process of their regulated platform for blockchain trading assets, which comprises of security tokens, cryptocurrencies, and derivatives. The main purpose is for an establishment of the cash reserve fund, working capital or other corporate functions.   

This proposed offering will get executed only by a prospectus. One can get the copies of this preliminary prospectus of the proposed offering, when made available, free by checking EDGAR at www.sec.gov. This offering comes with the market and other terms and conditions, and will not be any assurance when this offering will be completed.

The registration statement to Tokens was filed in the US Securities & Exchange Commission but it has still not become very effective. These Tokens cannot be sold, or offered to buy will be accepted, before the registration statement time gets effective. This PR will not constitute an offer of selling or solicitation of the offer to buy and nor will there be a sale of the Tokens in state and jurisdiction where this offer, sale or solicitation will be unlawful before registration and qualification under laws of the state and jurisdiction.

Company Info 

INX Limited is a Gibraltar private company that was established in the year 2017 and is operated by the team of professionals and experienced candidates from regulated trading and capital markets. From 2017, INX Limited is trying to develop INX Trading Solutions to become a single entry-point for the trading of the security tokens, cryptocurrencies, and derivatives for their customers.

Spotlight Sports Group to launch new racing show with Betfair

Spotlight Sports Group, the recent rebrand of Racing Post Group, has formed a new partnership with Betfair Exchange.

Through the deal, the two companies will launch ‘Racing Post Live’ – a new show covering horseracing festivals throughout the year.

Covering more than 42 live racing events, the show will feature racing experts from Spotlight Sports Group and Betfair Exchange, offering tips, insight and reaction to horseracing.

Gethin Evans, Spotlight Sports Group Digital Marketing Director, said: “We are very excited to work on this innovative video proposition in partnership with the marketing at Betfair.

“It’s a fantastic opportunity for us as digital publishers, for Betfair as a real-time exchange education platform and for the sport of horseracing to get a true digital share of voice across our group, including the Racing Post and MyRacing channels.

“We have a great mix of in-house talent and external guests to provide live insight at major racedays and have some fun at the same time.”

In January, the Racing Post Group announced it was rebranding as Spotlight Sports Group in a bid to encapsulate the diversity of brands under the Racing Post Group umbrella.

Gambling Insider spoke with Spotlight Sports Group at the time to get its insight into the decision.

BetMGM App Gets Clearance for February 25 Launch in Indiana

The BetMGM mobile sportsbook is set to become today the newest entry into Indiana’s sports betting field after the Hoosier State’s gambling regulator gave the operation the green light to go live.

BetMGM is the result from the collaboration between Las Vegas casino operator MGM Resorts International and major European gambling group GVC Holdings. Indiana marks the fourth state where the digital sportsbook is set to go live.

News about BetMGM’s imminent launch in Indiana arrive on the heels of last month’s announcement that the Indiana Gaming Commission granted the operation a temporary vendor license.

The online and mobile sports betting product will operate in the Hoosier State through a licensing agreement it has previously signed with Belterra Casino Resort in Florence, IN. The same casino last September opened a retail sportsbook with FanDuel.

Indiana is the fourth state where the BetMGM digital gambling platform has been authorized to enter. The desktop and mobile betting solution is fully live in New Jersey with MGM’s Borgata Casino, in West Virginia with the The Greenbrier, and in Nevada where MGM operates a multitude of luxury casino resorts.

The launch of BetMGM across new states grows GVC’s presence across the US. Expansion in the lucrative US sports betting space has been a core element in the European gambling giant’s growth strategy, just as it is the case with a number of other gambling companies from across the pond, since the US Supreme Court struck down a federal ban on athletic gambling in May 2018.

Gaming Commission Deems BetMGM Suitable to Operate in Indiana

News about the upcoming launch of the BetMGM app in the Hoosier State emerged Monday morning when Indiana Gaming Commission Executive Director Sara Gonso Tait said in a note that the operation “has substantially demonstrated to the satisfaction of the Commission that its mobile sports wagering operation meets the requirements of Indiana Code Article 4-38, the Commission’s Emergency Regulations, all of Commission Directives related to sports wagering activities.”

BetMGM is about to enter a very dynamic market that has seen a stable growth in the months after sports betting became legal in Indiana and first sportsbooks were launched.

The legalization of sports betting was part of a sweeping gambling reform that the state Legislature and Gov. Eric Holcomb authorized in the summer of 2019.

The state’s first retail sportsbooks were launched in early September, while first betting apps were rolled out the following month. Legal sports betting quickly gained momentum in Indiana, recording a 160.4% growth in betting handle in October, the second full month of athletic gambling.

The growth has continued into the following months, although at a more moderate pace. In January, the state’s retail and digital sportsbooks took $161.8 million in bets, up 5.57% from December 2019. Online betting handle rose approximately 12% last month, and at $123.4 million it accounted for nearly three-quarters of Indiana’s overall bets processed in January.

Source: BetMGM Indiana Set to Launch Tuesday

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