Play'n GO new release Crabby's Gold
Connect with us
Play'n GO new release Crabby's Gold

Latest News

CasinoRIX Research Highlights 2024 Cryptocurrency Trends in Online Casinos

Published

on

 

Extensive research into the dynamics of cryptocurrency usage in online casinos in 2024 has been carried out at CasinoRIX, the leading online casino review platform. This study, elaborated by the experts at CasinoRIX, deeply analyzes the dynamic landscape of cryptocurrency transactions that change substantially for both players and operators. The team at CasinoRIX is committed to delivering significant insights into the world of online gambling.

Working with CryptoProcessing by CoinsPaid, the number one cryptocurrency payment solution provider for high-risk industries, CasinoRIX received critical insight into where crypto currently is in online gambling. CryptoProcessing reported that in excess of 60% of Bitcoin transactions occurring over their network were for online gaming; they underlined more than 55% of the global online gambling audience as being a holder of cryptocurrency already, showing its increasing vulnerability in the market. According to data indications by them, cryptocurrencies are the alternative needed for traditional banking, which usually comes with high fees, delays in transactions, and chargebacks.

Otherwise, CasinoRIX questioned industry partners for their opinions, among which are: BetCare, TonyBet and 22Bet, Gypsy Partners, and 13aff among operators, providing essential feedback on trends in cryptocurrency engagement. TonyBet underlined that while crypto players are a minority, their average value is three times bigger than that of fiat players. They made a case that crypto players’ main expectations are instant withdrawals and the availability of popular games allowing crypto.

Meanwhile, at 22Bet, cryptocurrency usage saw a drastic decline from 1.9% in 2023 to 1.6% in 2024, while such transactions fell to 2.4% from 9.9% in the same period. This has further put into question the trajectory that may be taken in the growth of cryptocurrency adoption in online gambling.

Still, Gypsy Partners recorded a rise in crypto payouts by 8.3%, balancing the books. 13aff also related the consistent interest in crypto payments, citing 10–13% of their depositors choosing the option. They concluded by stating that they believe on-ramp solutions will only continue to build positive shine on crypto, but they understand these digital currencies take time to become more important among the choices available in payment options across the industry.

Latest News

Kambi Group plc signs Turnkey Sportsbook partnership with Latin American operator RedCap

Published

on

Kambi Group plc signs Turnkey Sportsbook partnership with Latin American operator RedCap

 

New agreement will see Kambi initially power the operator’s online Betpro and Starplay brands in El Salvador and Panama, with plans for retail and additional markets in the future

Kambi Group plc, the home of premium sports betting solutions, has agreed a long-term, omni-channel sportsbook partnership with Latin American operator RedCap, further strengthening Kambi’s position as the sportsbook provider of choice in the region.

Under the terms of the agreement, RedCap’s Betpro and Starplay brands will integrate Kambi’s high-performance Turnkey Sportsbook into its proprietary player account management (PAM) platform, enabling a seamless sports betting experience. The operator will replace its current supplier with Kambi’s powerful end-to-end sports betting solution, trusted by market leaders across Latin America and beyond.

The initial rollout will see Betpro and Starplay launch Kambi’s technology across its online sportsbooks in El Salvador and Panama, with the agreement also including scope for retail provision and market expansion. Operating under a multi-brand strategy led by its flagship Betpro brand, the operator aims to leverage the strengths of Kambi’s sportsbook with its in-house technical capability and experienced industry leadership team to achieve success in each market.

Werner Becher, CEO of Kambi, said: “This partnership marks an important next step in Kambi’s Latin American growth strategy. By selecting Kambi to replace their existing provider, RedCap has shown clear confidence in our market-leading technology and ability to support scalable growth. We are excited to help them bring best-in-class sports betting experiences to players across the region.”

Oscar Henao, CEO of RedCap, added: “We are thrilled to join forces with Kambi. This agreement gives us the product and flexibility we need to compete at the highest level, offering our customers premium betting experience across all channels. With Kambi’s support, we look forward to launching in Panama and El Salvador and expanding into new markets as we execute our multi-brand strategy.”

Continue Reading

Compliance Updates

Chicago City Council Members Pushing to Legalize Video Gambling

Published

on

 

Chicago City Council members are reviving plans to legalize video gambling in the city, introducing two ordinances that could bring hundreds of terminals to O’Hare and Midway airports and allow machines citywide for the first time.

One ordinance, introduced by Alderman Gilbert Villegas (36th), targets the city’s airports, where he sees both political feasibility and high revenue potential.

“The General Assembly has provided this opportunity through the casino bill. Yet, we’re not taking advantage of capturing dollars from one of the busiest airports in the country,” Villegas said.

“People are there, in some cases, one or two hours before. If their flight is delayed or they’re making a connection and there is a delay, there’s an opportunity to capture an audience that may not even be going to the city.”

Villegas’ proposal includes a $10,000 license fee per location, plus $500 per terminal. A separate terminal license would cost $1000, with an additional $500 per unit. If 400 machines each generated $800 daily, Villegas estimates annual revenue could reach $116.8 million, with the city taking a share through licensing and taxes.

Alderman Anthony Beale (9th) is pushing for a broader citywide expansion. His ordinance would legalize video gambling throughout Chicago, including in neighborhood bars and restaurants.

“We need to do it citywide and at the airports. We need the revenue and this administration has not shown a willingness to find new revenue that’s not gonna hit the taxpayers in every household,” Beale said.

Beale’s ordinance proposes a $500 license fee per location and a $1000-per-terminal charge for both the site and the machine itself. He has criticized the administration for dismissing the potential benefits, arguing that the current tax formula could be renegotiated with state lawmakers.

“That’s because they haven’t shown the willingness to go down to Springfield and change the formula. I’m hoping that submitting these ordinances will finally convince them to send a team down there,” he said.

Advertisement
Stake - Best Online Casino & Sports Betting Platform
Continue Reading

Latest News

EveryMatrix Expands US Presence with Boyd Interactive Go Live

Published

on

 

Boyd Interactive is live with SlotMatrix Exclusive content in New Jersey, further bolstering EveryMatrix’s US presence.

Boyd Interactive’s tier-1 brands Resorts and Mohegan have access to EveryMatrix’s library of exclusive titles from its in-house studios, including Fantasma Games and Armadillo Studios, via integration with SlotMatrix.

SlotMatrix is the provider’s proprietary game aggregation platform and the industry’s largest content library, with more than 37,000 games from 350+ studios and its own in-house studios, enhanced by EveryMatrix’s gamification and player engagement features, including free spins, leaderboards, and tournaments.

This exciting step continues EveryMatrix’s momentum in the US market, after signing its first US content aggregation deal with betPARX and launching several games in North America this year such as Glorious Diamonds.

Bjorn Sjoberg, CCO of SlotMatrix, said: “Boyd Interactive is one of the largest US gambling operators, and by providing them with our exclusive content, we’re introducing their players to a range of best performing titles, opening a whole new world of entertainment.”

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2025, HIPTHER. All Rights Reserved.