China stated that the Philippines should stop all forms of online gambling, to support its crackdown on cross-border gambling, which as said foreign criminals had used to embezzle funds and illegally recruit workers, causing an illegal outflow of money. “We hope the Philippines will go further and ban all online gambling. We hope it will […]

China stated that the Philippines should stop all forms of online gambling, to support its crackdown on cross-border gambling, which as said foreign criminals had used to embezzle funds and illegally recruit workers, causing an illegal outflow of money.

“We hope the Philippines will go further and ban all online gambling. We hope it will further strengthen law enforcement with China and jointly tackle criminal activities including online gambling and cyber fraud,” “This will help create an enabling environment for the development of bilateral relations and peace and stability in the region,” China’s Foreign Ministry spokesman, Geng Shuang, said on a press conference.

“We will have to ask the president on his policy on this,” said the Philippines presidential spokesman Salvador Panelo.

It is claimed that the Philippine Offshore Gaming Operators (POGO)  employs 100,000 workers, most of whom are from China. It’s believed that this is done to help accommodate Chinese punters.

Earlier this month, the Chinese Embassy in Manila said that many of the Chinese citizens are working illegally in POGO. This is subjected to what media described as “modern slavery” due to severe limitation of their personal freedom.

Bitcoin (BTC) price has risen back above the 11,000 USD (9,840 EUR) resistance, for the first time in 21 days and turned the altcoin markets all in the green as a result. The price of the world’s largest cryptocurrency by market cap, has once more jumped after regaining the lost ground in July when it […]

Bitcoin (BTC) price has risen back above the 11,000 USD (9,840 EUR) resistance, for the first time in 21 days and turned the altcoin markets all in the green as a result. The price of the world’s largest cryptocurrency by market cap, has once more jumped after regaining the lost ground in July when it endured major plunges with its price below 10K USD.

Yesterday, Sunday August 4, BTC climbed above 11,000 USD. Initially, its price stalled and then retested the 10,600 USD level on August 4. Following this, BTC saw a price breakout, sending it above the 11,000 USD level. 

As a result of Bitcoin’s spectacular recovery, other major names in the altcoin markets are flashing green today with Ethereum (ETH), TRON (TRX) and Tezos are all up by between 1.7% and 4%, respectively.

To be precise, the total market capitalization of all cryptocurrencies combined rose by more than 9 billion USD over a 24-hour period, marking another consecutive day in the green and spurring on the possibility for a continuation in BTC’s price.

Many crypto investors and traders have cited that the short-term outlook favours the bulls for now, given that the weekly close has resulted in a notable bullish engulfing candle with eyes set on weekly resistances at both 11,400 USD and 11,880 USD respectively.

Pragmatic Play, one of the leading content providers in the iGaming Industry, has launched its groundbreaking live casino with Parimatch.  Live Blackjack, Live Roulette and many other live casino products are delivered from the firm’s state-of-the-art studio using 4k camera technology to Parimatch customers across the globe.  Highly trained dealers will offer an immersive, mobile-first gaming […]

Pragmatic Play, one of the leading content providers in the iGaming Industry, has launched its groundbreaking live casino with Parimatch. 

Live Blackjack, Live Roulette and many other live casino products are delivered from the firm’s state-of-the-art studio using 4k camera technology to Parimatch customers across the globe. 

Highly trained dealers will offer an immersive, mobile-first gaming experience, featuring low game latency, fast and easy placing bets, detailed game statistics, complete bet history, guiding sounds effects and animations. The provider’s entire portfolio of video slots, bingo, scratchcards and live casino games is available to its operator partners via a single API.

“We are proud to be accelerating the growth of our live casino product with Parimatch. They are an operator who mirror our passion for delivering top quality gaming experiences, and it is fantastic to be working with them”, says Yossi Barzely, Chief Business Development Officer at Pragmatic Play.

Since live casino is of vital importance in the modern iGaming marketplace, Eugene Saveliev, head of gambling products at Parimatch, is “delighted to have rolled out their content and will continue to build on this promising partnership.”

Parimatch is an international betting platform with over 1600 employees worldwide. It supports almost two million customers and covers more than 20 sports and 60 countries, 200 leagues and 600 sporting events every day. 

The Cyprus registered company has sponsorship agreements with sporting institutions including Ukraine’s national football team, FC Apoel (Cyprus), FC Shakhtar (Ukraine), Virtus Pro and Team Spirit (e-Sports).

Although Libra – Facebook’s cryptocurrency – will not be launching until 2020, reports were made that dozens of accounts are offering it via its own social media.  The many fake accounts on Instagram and Facebook are forcing the latter to “rebuild trust and fight the fraud likely to surround the new financial system,” says The […]

Although Libra – Facebook’s cryptocurrency – will not be launching until 2020, reports were made that dozens of accounts are offering it via its own social media. 

The many fake accounts on Instagram and Facebook are forcing the latter to “rebuild trust and fight the fraud likely to surround the new financial system,” says The Washington Post before even the coin launches. The concerns around the new global digital coin have started long before this incident. Lawmakers, politicians and others have repeatedly showed skepticism and doubts. 

The digital coin will be managed by a governing body called the Libra Association and through a wallet named Calibra. Although Facebook aims for 100 partners, it’s currently working with 27 including PayPal, Visa, Uber, Mastercard, Vodafone, eBay and Spotify. 

David Marcus, head of Calibra, informed the public at the start of July that the reason Facebook went live with its announcement of Libra so early was to initiate dialogue and get feedback on the implementation.

Facebook is reportedly fighting against the fraudulent accounts and removes ads and pages that violate their policies when they become aware of them. “We are constantly working to improve detection of scams on our platforms,” a Facebook spokesperson said.

Cyprus Casinos, first and only authorized casinos in the Republic of Cyprus, has announced the opening of its third satellite in Ayia Napa – C2 Ayia Napa – just days after the one year celebration since the launch of the C2 Limassol “temporary casino”.  After C2 Nicosia and C2 Larnaca satellite casinos opened in December […]

Cyprus Casinos, first and only authorized casinos in the Republic of Cyprus, has announced the opening of its third satellite in Ayia Napa – C2 Ayia Napa – just days after the one year celebration since the launch of the C2 Limassol “temporary casino”. 

After C2 Nicosia and C2 Larnaca satellite casinos opened in December 2018, the C2 Ayia Napa opens its doors to the public in the city’s lively tourist area. Craig Ballantyne, Property President of City of Dreams Mediterranean and Cyprus Casinos “C2”, confirms that the location is ideal for a satellite casino. 

“We are delighted to be launching our third satellite casino, further expanding our C2 portfolio. We are confident that C2 Ayia Napa will help to enhance the city’s tourist product and significantly contribute to the sustainable growth of the local and island’s economy. At the same time, the casino will offer an exceptional entertainment experience for both local and foreign guests” he stated.

The structure housing the casino was specifically designed by Melco Resorts and Entertainment Limited (Melco), one of the world’s largest integrated resort operators. Within a plot of 13,829 m² plot, the building comprises a floor area of 367 m² and the gaming area features 50 slot machines. The casino operates in accordance with Cypriot legislation and Melco’s Responsible Gaming Programme. Guests and customers have an on-site dedicated parking lot and can enjoy their drinks at the Columbia Bar. 

C2 Ayia Napa is open from 3:00 p.m. until 6:00 a.m. daily and employs more than 40 people.

Regulators, politicians, lawmakers and the US Central Bank are examining Facebook’s cryptocurrency, Libra, following its announcement last month. Libra is set to launch in the first half of 2020 and will be used to purchase products, send money internationally and make donations. The newly announced Libra has already raised “serious concerns”, said Federal Reserve Chairman […]

Regulators, politicians, lawmakers and the US Central Bank are examining Facebook’s cryptocurrency, Libra, following its announcement last month.

Libra is set to launch in the first half of 2020 and will be used to purchase products, send money internationally and make donations.

The newly announced Libra has already raised “serious concerns”, said Federal Reserve Chairman Jerome Powell. The considerable skepticism and criticism by US and European politicians was mostly due to Facebook’s past with data privacy issues. 

Powell also reported that both the Federal Reserve System and a separate panel called the Financial Stability Oversight Council will meet to discuss Libra with global policy makers. 

In the European front, French Finance Minister, Bruno Le Maire believes that Libra could work if its use is limited to transactions but Facebook should not be allowed to create a “sovereign currency”. 

The Libra blockchain will be global but not available to US-sanctioned countries, or countries that ban cryptocurrencies.

One year has passed since the launch of the C2 Limassol “temporary casino” and the first satellite casinos C2 Nicosia and C2 Larnaca by Melco Resorts and Entertainment Limited (Melco), one of the world’s largest integrated resort operators that was granted an exclusive 15-year license to operate the first and only authorised casinos in the […]

One year has passed since the launch of the C2 Limassol “temporary casino” and the first satellite casinos C2 Nicosia and C2 Larnaca by Melco Resorts and Entertainment Limited (Melco), one of the world’s largest integrated resort operators that was granted an exclusive 15-year license to operate the first and only authorised casinos in the Republic of Cyprus.

The Chairman and CEO of Melco Group, Lawrence Ho has expressed his excitement with the successful first year of operations on the island. During a conference held to commemorate the anniversary, the public was informed that C2 will be welcoming its one millionth visit in August 2019. 

Big plans ahead for Melco and Cyprus as two more satellite casinos will open soon – one in Ayia Napa, one in Paphos – and the City of Dreams Mediterranean Integrated Casino Resort (ICR) in Limassol which is scheduled to open in late 2021. 

 “Everything is in place for significant and sustainable growth here in Cyprus. The government has a clearly-defined vision, the community is supporting us, and the success of the satellite and pop-up casinos we’ve already opened are evidence of strong consumer demand,” Ho said.

In collaboration with the Department of Antiquities in Archaeological Heritage Management, Melco also announced a unique Corporate Social Responsibility (CSR) initiative that will support on a long-term basis the government’s efforts to sustainably preserve and promote the culture of Cyprus.

William Hill has entered into a consultation process over plans to close around 700 of its shops across the UK following the country’s decision to mandate a £2 maximum bet on Fixed Odds Betting Terminals (FOBTs), a stake is significantly lower than the previous maximum bet of £100. This decision could lead to putting 12,000 […]

William Hill has entered into a consultation process over plans to close around 700 of its shops across the UK following the country’s decision to mandate a £2 maximum bet on Fixed Odds Betting Terminals (FOBTs), a stake is significantly lower than the previous maximum bet of £100.

This decision could lead to putting 12,000 jobs at risk, with 4,500 of them coming from the 700 William Hill shops that are up for closure. The “significant fall” in gaming machine revenues will eventually lead to an overall quarter of betting shops on UK high streets to shut down.

Although the closure is still subject to the outcome of the consultation process, the 4,500 shops are set to begin closing down before the end of the year. The bookmaker and the wider industry have threatened such a move before a crackdown on controversial fixed-odds betting terminal (FOBT) stakes was implemented on 1 April.

William Hill said in a statement: “Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the government’s decision was announced in May 2018.
” They have repeatedly warned that many stores would not be viable when FOBT maximum stakes were cut to £2 from £100, but the government came under pressure to cut down the number of the so-called problem gamblers. FOBT machines were repeatedly described by critics as the “crack cocaine” of gambling and have been blamed for destroying lives and families.

At the same time, the industry was being accused of falling short in its obligations to customers. William Hill announced the possible job losses just days after it joined four other major betting companies in agreeing on a package of measures to bolster funding and support for addicts.

William Hill was able to predict the outcome back when the government first announced the plans to lower the stake and reported that as many as 900 unprofitable shops could close as a result of the move.

Swiss customers of William Hill have been informed by the British online operator that they decided to void their entire ante-post book and they will no longer accept bets from the country as of June 28. This decision is made due to “regulatory reasons”. William Hill will refund all ante-post bets placed through its Swiss […]

Swiss customers of William Hill have been informed by the British online operator that they decided to void their entire ante-post book and they will no longer accept bets from the country as of June 28.

This decision is made due to “regulatory reasons”. William Hill will refund all ante-post bets placed through its Swiss platform, which are around 400 bets in total.

Ciaran O’Brien, the operator’s Communications Director, said about this decision: “All customers will receive refunds, or if they are sitting on a major price change we will refund them at the latest cash out value, even if there’s no cash out market”.

“A vast majority of the bets will be sitting at a lower cash out, so a refund will be better for them. We are currently manually going through the bets now and refunding all customers”.

Yesterday, at 21:00 UTC, Bitcoin has hit an intraday high of $11,307.69, almost €10,000, making a 165 percent price rise, according to Coindesk’s Bitcoin Price Index. That’s the highest level since March, 2018. This rise followed the announcement of Facebook’s cryptocurrency Libra last week. As per “The TIE” announcement on Twitter “The Libra Coin announcement […]

Yesterday, at 21:00 UTC, Bitcoin has hit an intraday high of $11,307.69, almost €10,000, making a 165 percent price rise, according to Coindesk’s Bitcoin Price Index.

That’s the highest level since March, 2018. This rise followed the announcement of Facebook’s cryptocurrency Libra last week.

As per “The TIE” announcement on Twitter “The Libra Coin announcement played a massive role in driving Bitcoin to $10,000. After Facebook’s official partner list for Libra Coin was revealed by @TheBlock__ on June 14th sentiment on Bitcoin almost immediately flipped positive leading significant upwards price movement”

“The price surge is due to two major factors, one is an increasing consensus among the investment community that bitcoin is a legitimate store of value for the digital age, and two Facebook’s Libra cryptocurrency launch has forced every CEO to take crypto seriously” said Jehan Chu, The co-founder of Kenetic Capital.

On Tuesday, the Facebook Inc. has revealed its own cryptocurrency called Libra, designed for its 2.6 billion app & social network users. Libra is expected to be launched for the public in the first half of 2020 and it will be distributed firstly on Messenger and WhatsApp. David Marcus, who is leading the Libra Project […]

On Tuesday, the Facebook Inc. has revealed its own cryptocurrency called Libra, designed for its 2.6 billion app & social network users. Libra is expected to be launched for the public in the first half of 2020 and it will be distributed firstly on Messenger and WhatsApp.

David Marcus, who is leading the Libra Project stated that one of the initiative’s main goals is to reach the 1.7 billion people worldwide who lack access to the banking system. “Libra holds the potential to provide billions of people around the world with access to a more inclusive, more open financial ecosystem.” “If you fast forward a number of years, consumers all over the world will have the ability to access the world economy”, Marcus said.

He added that the concept of decentralization, when combined with digital commerce and Facebook’s massive user base, creates a perfect foundation for a new currency to take off, adding that the Project Libra will provide more competition in financial services, along with increasing access to capital.

Facebook Inc. has also announced a new digital wallet called Calibra that will be available as a standalone app and also available via Facebook Messenger and WhatsApp. Calibra will display to users the value of Libra in their local currency. There will be a lot of features built in facilitating peer to peer transfers and it will be available on both iOS and Android.

The largest European multilingual cryptocurrency exchange, BitPay, has released a survey with main questions such as who uses cryptocurrencies and how. BitPay founded in 2014 by Sylwester Suszek. Currently it serves over 800 000 clients and employs 200+ people. 2,582 Polish cryptocurrency users have been answered 10 questions, including their gender and age. The results […]

The largest European multilingual cryptocurrency exchange, BitPay, has released a survey with main questions such as who uses cryptocurrencies and how.

BitPay founded in 2014 by Sylwester Suszek. Currently it serves over 800 000 clients and employs 200+ people. 2,582 Polish cryptocurrency users have been answered 10 questions, including their gender and age.

The results were shared by BitPay indicating that cryptocurrencies payments are popular among men (91.5%) under the age of 40 (more than 50%), while women make up just 8.5%. The 92% of the people believe that payments using cryptocurrencies will soon become increasingly popular and they prefer BitCoin more than any other digital currency.

90% consider digital currency to be safe for transactions. 15% bought electronics, 3% food and 2% used it for travel. About 25% claimed to have made at least one transaction. More than 50% of respondents have declared that they would like to be able to pay with cryptocurrencies for automotive services.

For more than a year NetShop ISP accepts BitCoin for online payments in cooperation with BitPay.