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How Does a Memecoin Casino Work

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How Does a Memecoin Casino Work

 

Online gambling has become significantly more popular after this sector began integrating cryptocurrency payments. Ever since Bitcoin exploded onto the scene more than a decade ago now, the scale and sheer expanse of cryptocurrencies out there presently is staggering. 

With so many of them in the mix now, cryptocurrencies are now better known by categories. Among the likes of stablecoins, altcoins, and even a category called shitcoins, one of the better-known types of cryptocurrencies these days are memecoins. Born out of internet subculture and dark humor, these cryptos are growing fast and evolving to fit a range of new use cases every day. 

As a terrific example of this ingenuity, the MemeBet coming off a successful presale, this particular memecoin seems set to usher in the world’s first memecoin crypto casino.  

The First Meme Casinos

It’s important to note that while MemeBet’s foray into online casinos seems set and will be groundbreaking when it happens, it’s not the first meme crypto casino. In fact, crypto casinos have been around for some time now and have been widely embraced by iGamers all over the world. 

According to crypto writer Gary McLellan from Best Crypto Casinos Ltd, the popularity of these sites stems from the fact that crypto casinos are generally able to offer more perks than traditional casinos as they provide features like anonymous play, better bonuses, loads of game choice, and faster payments. 

 

The key difference with these platforms is that most accept major cryptos like Bitcoin, Ether, or Solana. However, MemeBet is set to change all that as it seeks to become the first crypto casino powered by memecoins alone. This represents an exciting shift from conventional crypto casinos as a wider range of crypto holders will now be able to gamble online with their memecoins. 

What Are Meme Coins?

Having raised close to $300k already, MemeBet has been attracting a ton of early investors. However, it’s very important to first take the time to understand what memecoins are before you understand how they operate in casinos. They are simply a type of cryptocurrency coin that is created as a joke originating from an online meme. 

DogeCoin was the first meme coin to be created back in 2013 as a joke of Bitcoin but it managed to become extremely popular over the years—mostly thanks to its connection to Elon Musk. Next, it was followed by the likes of Flocki Inu and Shiba Inu coins that were developed in 2020. These coins were generally created with a lack of value but have also grown quite successful, leading to an entire market for memecoins these days. 

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The Use of Meme Coins in Casinos

As mentioned, a memecoin casino is simply an online casino that primarily uses memecoins to play with. However, players are allowed to bet on the regular types of games you would find at casinos, such as poker, slots, and even blackjack. They have now even created special meme-themed games that focus more on using meme currencies. 

To play, players will simply have to deposit their meme currencies (such as DogeCoin for example) into their casino wallets and then use them to wager on games the same way they would use fiat money. This provides current owners of these memecoins with another convenient way of making use of them without the hassle of trying to convert them into fiat money first. 

Transaction Speed and Costs

Another benefit of using memecoins is the convenience of their transactions. Traditional payment methods, such as bank transfers or credit cards, sometimes have a high processing cost and may take several days to transfer funds. 

On the other hand, cryptocurrency transactions are usually much faster, as they can instantly be transferred to your crypto wallet. DogeCoin is the ideal type of currency to use on smaller and more frequent transactions, as it has the fastest delivery rates and does not require overall intensive verifications. 

Also, compared to other popular cryptocurrencies like Bitcoin or Ethereum, a lot of memecoins have a much cheaper transaction cost and are faster to transact with. Players can sometimes become reluctant to play games online due to the long waiting time for payouts. 

However, at crypto casinos, players usually have access to immediate payouts. Therefore, the incorporation of memecoins will likely have a significant effect on the number of players who will now participate in online casino games.

Security and Anonymity

Security is one of the key challenges on any online gambling platform, and memecoin casinos are no different. However, as memecoin transactions are also run on blockchain technology, they do come with inherent security features that make them difficult to amend once recorded on the chain.

Players will be able to play anonymously at memecoin casinos, something not available to players in normal casinos. This is because players may not necessarily have to follow the stringent registration processes at traditional online casinos so KYC processes can be dispensed with. 

Therefore, meme casinos will only require players to have a crypto wallet address for deposits and withdrawals, allowing them to play more privately. This privacy usually appeals to most users and generally influences their decision to join crypto casinos in the first place.

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Workers at Caesars Southern Indiana Casino Authorize Strike

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More than 140 workers at Caesars Southern Indiana Hotel & Casino, represented by Teamsters Local 89 and Operating Engineers Local 399, have voted by a 98% margin to authorize a strike. The overwhelming vote is a direct response to management’s refusal to offer a fair contract.

“Our members are united and ready to fight for the strongest possible agreement. This vote sends a clear message — we will not back down. If management won’t negotiate in good faith, we’re prepared to take action,” said Avral Thompson, President of Local 89.

Caesars Southern Indiana, owned and operated by the Eastern Band of Cherokee Indians (EBCI), pulled in more than $240 million in revenue last year, making it one of the most profitable casinos in the state. Workers are demanding a contract that reflects their essential contributions to that success.

“I’ve worked at Caesars for over seven years, and we deserve a contract that values our hard work and dedication. No one wants to strike, but if management keeps disrespecting us at the bargaining table, we’re ready to demand what we’ve earned,” said Sandra Ramirez, a slot attendant at Caesars Southern Indiana and a member of Local 89.

After months of negotiations, management at Caesars Southern Indiana continues to refuse to offer fair retirement benefits and remains far apart on other key economic issues.

“At this point, the ball is entirely in management’s court. If Caesars faces a strike, management will have no one to blame but themselves for the fallout. We stand ready to back our members every step of the way,” said Teamsters General Secretary-Treasurer Fred Zuckerman.

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Compliance Updates

VIP Play Obtains Interim West Virginia iGaming and Sports Wagering Management Service Provider Licenses

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VIP Play Inc. announced the approval of its interim License in West Virginia for both Sports Wagering and iGaming managed services. This follows the recently announced market access partnership between VIP Play and Delaware North’s Wheeling Island Casino.

This milestone marks the company’s initial expansion beyond Tennessee, where it currently operates as a mobile Sports Wagering Operator. The interim License in West Virginia also adds iGaming to the company’s book of business, and allows VIP Play to participate in the rapidly expanding i-Gaming industry. VIP Play expects to begin serving West Virginia customers in the coming months.

Bruce Cassidy, VIP Play CEO & Chairman of the Board, said: “The acquisition of our interim Sports Wagering and i-Gaming License in West Virginia marks a significant milestone in our journey to expand, underscoring our commitment to provide innovative experiences to a wider audience. As we grow our presence, our dedication to excellence stands firm, and we’re excited to play a role in enriching West Virginia’s dynamic gaming community.”

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Compliance Updates

QTech Games sharpens its LatAm focus with MINCETUR licence in Peru

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QTech Games sharpens its LatAm focus with MINCETUR licence in Peru

 

New certification for emerging-markets leader arrives ahead of key industry summit in Sao Paulo and awards recognition

QTech Games, the leading game aggregator for emerging markets, has had its platform and games successfully approved for the Peruvian market, demonstrating that its premier B2B platform and all-encompassing content conforms to the latest legislative updates to enhance and regulate Peru’s local gaming environment.

Peru’s Ministry of Foreign Commerce and Tourism (MINCETUR) has now issued an online gaming licence to QTech Games, whereby all its platform products and games are now deemed legally permitted. This includes its new software service for retail, QTech Hybrid, which allows land-based partners to scale their operations online. QTech Hybrid simplifies transactions by enabling deposits, withdrawals and gameplay while allowing access to players both in-shop and on personal devices.

This breakthrough hybrid solution has quickly won clients and awards in the comparably fragmented African market (most recently in March for Best Innovation at AGE Lagos), and now promises to do likewise across LatAm, where QTech Games has already signed several major clients for both its aggregation platform and its QTech Hybrid solution. This activity has seen it again nominated for Best Aggregator at the SiGMA Americas Awards, which kickstart the SiGMA Americas summit (7-10 April) next week, as the igaming world converges on Sao Paulo for a must-attend conference in another of QTech Games’ “focus markets” for 2025.

Philip Doftvik, QTech Games’ CEO, said: “It’s fantastic to have certified our aggregation platform in Peru via MINCETUR – and I’m pleased to say we have more such approvals pending across the continent. We attended fantastic events in Rio and, more recently, SAGSE 2025 in Buenos Aires – and anticipate more of the same at SiGMA Americas in Sao Paulo next week, where we’re also thrilled to have been shortlisted for Best Aggregator at their LatAm Awards. Given the venue, Brazil will be dominating the discussion for many at SiGMA Sao Paulo. However, we’ll also be looking beyond Brazilian borders this year, and are already active in Mexico, Chile, Colombia and Paraguay. We know our QTech Hybrid solution will work very well wherever we put a pin on the LatAm map.”

QTech Games delegates will be present at five more LatAm summits in 2025, with SiGMA Americas (7 April) the next port of call – followed by GAT Expo Cartagena (28 April), SBC Americas (13 May), Peru Gaming Show (18 June) and GAT Expo Mexico (28 Aug).

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