Joseph Watkins

Introduction of Crypto Betting

Crypto betting is similar to traditional esports betting, except it is done using bitcoin. It operates the same way as any other crypto transaction, such as making a purchase. Whether you’re betting or gambling with cryptocurrencies, the process is fundamentally the same. If you want to shift your Bitcoin into currency during withdrawal, the value will not be the same as when you placed the wager.

Bitcoin is more volatile in nature than fiat cash, which is why individuals play crypto mobile games with the hopes of gaining more in the future. Experts predict that by 2022, the global gambling business will be worth USD 565 billion. Cryptocurrency has a partnership with many iGaming websites. Approximately half of all bitcoin transactions are now tied to gambling.

Is Crypto Betting Safe?

Crypto Sports betting has sparked a lot of curiosity among users in most nations due to its volatile nature. When compared to the traditional betting methods, crypto gambling is safer. Some of the reasons why crypto betting is safe is mentioned below;

• Confidential Process

Players placing their bets want a domain that offers protection and safety against personal information, further surging the demand for cryptocurrencies. These websites are regulated by state law and use modern safety nets, such as KYC and 2 stage identification, to ensure optimum safety.

• Makes Payment Faster

Another reason for using crypto betting is it takes less time to complete the transaction. With the help of crypto coins, players can deposit and withdraw their earnings in a shorter period of time.

• Complete Transparency

The crypto gambling sites ensure complete transparency in terms of transactions and information. The website provides all the information about its process to players.

• Two Factor Authentications

Two-factor authentication or verification is one of the noteworthy benefits offered by several websites. A person that wishes to play a bet must recall the personal information and validate their identity or personal information before placing a wager or accessing the digital wallet.

Tips to Bet on Crypto

It is vital to know the process of betting; here are a few tips to bet on crypto;

• Purchase a high-performing coin, such as Bitcoin. It is the world’s strongest and most acknowledged cryptocurrency.
• Engage in cryptocurrency betting on trusted platforms. These legal websites offer umpteen cryptocurrency offerings, making it vital to choose well.
• Make an effort to understand the game before playing and betting. It doesn’t matter if you’re gambling with fiat cash or cryptocurrencies; if you don’t understand the game, you’re going to lose.

Future Growth and Popularity of Crypto Betting

Looking at the current growth of crypto in the betting industry, the future looks promising. Cryptocurrency is a digital asset that is secured by cryptography. Blockchain ensures delegation of power, transparency, and intractability. Cryptocurrency is not issued by a government, making it immune to political manipulation.

Final Thoughts

Looking at the safety net curtailing the crypto and other measures undertaken by online crypto casino betting sites, crypto betting is safe. Well-established crypto betting sites will provide you with a hassle-free experience in terms of dealing with exchanges. Every website is different, so perform robust research before investing.

JPMorgan recently overviewed the gaming industry, stating the sector is performing well even after the effects of the pandemic. It released a list of top casino stocks, and three casinos from Sin City secured the top three spots.

JPMorgan deems Caesars Entertainment, Red Rock Resorts, and Boyd Gaming the top three casinos in the state. Caesars is the second-biggest operator in the region, while Boyd dominates the Las Vegas downtown. Both Red Rock and Boyd generate substantial portions of revenue and earnings from Las Vegas locals. The demographic primarily comprises staffers from other facilities and retirees.

Most of the casinos that noted increased revenue in 2021 Q2 had a strong Las Vegas local audience. However, the segment may face unfavorable results if the pandemic worsens in the locality. 

As per JPMorgan, the local Las Vegas market offers a favorable space with a high percentage of EBITDA to cash flow. Moreover, its sustainable growth is underpinned by appealing demand-supply dynamics and population growth.

Red Rock boasts the resources to stabilize its operations and even buyback shared with over 650 million dollars in sales. Caesars Entertainment is clearly the favorite facility for Wall Street as the casino us up 22.55% in 2021.

The casino leverages the emerging iCasino and online sports betting prospects to increase its national reach and sizable database. Caesars also rely on the beverage, entertainment, and food revenue to maintain a steady cash flow.

Boyd Gaming is also showcasing steady numbers in both regional and Sin City markets. As a result, analysts believe that its growth is stable and sustainable. The casino also boasts a diverse client base, maintaining its growth rate during the pandemic.

JPMorgan dictates that the casino holds an attractive footprint in regional drive-to sectors and Las Vegas locals. The market overlooks Boyd’s sports betting reach, but as it owns 5% of FanDuel, it is high time the community recognizes its sports betting operations.

The long-awaited comeback of the Global Gaming Expo, which was postponed for a year due to the COVID-19 outbreak, is now set for October 4–7 at the Sands Expo Convention Center in Las Vegas. Since announcing that it would be hosted in person, the G2E 2021 staff has been upgrading its health and safety standards to keep up with the constantly changing federal, state, and venue laws on the subject.

As the gaming community, including professionals, fans, and reputable gaming operators from around the world, prepares to meet in Las Vegas for the Global Gaming Expo, Considering the health and safety of so many people, the event organizers have released a health and safety update for attendees, describing it as the event’s “top concern” in a new press release – Face masks are required for all participants during the four-day event.

This decision was made due to the resurgence of COVID cases in Nevada, and organizers do not want this event to become a hub-spreader of the coronavirus, which is why strict rules and regulations have been adopted to ensure the event’s flawless operation. G2E said on Wednesday that all participants would be obliged to wear face covers during the four-day event, in accordance with Nevada Governor Steve Sisolak’s emergency directive issued in July.

Face covering will not be the only precaution taken by the event crew; they will also be considering protocols that may be enforced at the conference, including advice from the Association of Equipment Manufacturers. To be admitted to the G2E, attendees, exhibitors, journalists, personnel, and other event participants may be asked to produce valid proof of immunizations or a negative COVID-19 test.

In July, Nevada Governor Steve Sisolak issued an emergency directive requiring everyone, including fully vaccinated individuals, to wear a mask indoors in public places in counties with substantial or high transmission rates, including Las Vegas.

We understand that providing a safe atmosphere in which to conduct business is critical to the show’s success, adds the event organizer.

As a result, it should be obvious that if you are found without a mask in this event, you will be denied access, making masks a must for everyone attending the expo.

In the world of gaming, G2E is a hugely prominent and exciting event. Thousands of people gather to hear from gaming experts and get cutting-edge information on how to stay ahead in the industry. G2E has also worked with The Venetian Resort and Sands Expo & Convention Center to implement cleaning and sanitization standards that meet or exceed the CDC’s recommendations, and the layout has been adjusted to implement directional and distance markings.

As there are still two months until the event, any new information will be posted on the G2E health and safety page if you are interested.

Station Casinos is making quick market growth with its latest mobile betting app named STN Sports. The app comes with perks like better prices and an expanded menu. It will also allow bettors promotion under the supervision of Jason McCormick, Station Casinos’ new sportsbook VP.

Jason has previously worked with the Red Rock Resort as a sportsbook director. Station Casinos filed Art Manteris’ position in the company in May with Jason. Art served Station Casinos for 43 years as a Vice President for sportsbooks.

Jason commented on the situation, saying it feels like replacing Mike Krzyzewski. Art is a living legend and a Hall of Famer in the sector. Filling Art’s shoes is an honor, added McCormick.

Chuck Esposito. Former sportsbook director at Sunset Station is now acting as Red Rock Resort’s new sportsbook director. On the other hand, Jason Simbal is filling the director’s role in the latest mobile betting app. In addition, Station Casinos has appointed Bert Cirincione as STN Sports’ director of retail operations.

Jason believes the latest betting app is faster and easier to use. It also comes with enhanced features, offering an in-game wagering experience with a scoreboard, ball’s location, and digital play-by-play statistics. Users will also experience new betting features like over-under totals for every game, pitching and batting props, the option to buy two points on the side, and every basketball and football game.

Station Casinos is investing immense efforts to deliver an expanded menu to the audience. The app will offer more props than in the history of Station Casinos. The sportsbook posted NFL’s regular-season props on rushing, passing, and receiving leaders. It also added a player prop for the touchdown passes made by Aaron Rodgers.

The sportsbook uses the penny line for baseball games, and Jason believes it will help bettors assess monkey-line splits in higher limits and football games. Seeing a +250 and -330 split is normal, but the 80-cent split can shorten up quickly. The region offers several promising sportsbooks, and Station Casinos is trying to put everyone on the same ground. If the company can offer convenience and competition with an app, it works out well for everyone.

Station Casinos recently celebrated its 45th anniversary in the state. It even added over 55 self-service sports betting operations across 14 sportsbooks in the region.

The latest mobile betting app will allow bettors to earn 500 dollars through the signup promotion till October 31st. For example, if a user deposits 500 dollars and wagers 5,000 dollars, they can earn 500 dollars or 10% of the original deposit.

Bettors should note that wagering the complete amount is not necessary to earn cashback. The 10% rule will apply to any wagered amount, but the more users bet, the more cashback they can earn. With such perks on offer, the app will surely be an instant hit. 

There was no official update regarding Giannis Antetokounmpo, the Bucks star’s condition after he suffered a hyper-extended injury in the left knee during Milwaukee’s game at Atlanta.

But, according to sportsbooks from Las Vegas, the winner of MVP will miss Thursday’s crucial Game 5 and the rest of the series, which is now at 2-2.

Bookies made an adjustment of six-point based on the expected miss by the player. After finishing at 8 1/2-point in Game 2, the Bucks are 2 1/2-point favorites in Game 5.

Sportsbook director of William Hill, Nick Bogdanovich, commented that they opened with -3. The Sharps took up to 3, and they went to 2 1/2, giving the Sharps the impression Giannis will be out. Nick feels that Trae Young is worth 4 or 5 points.

Atlanta’s top guard, Trae Young, missed Game 4 due to a bone injury in his foot. If Young returns in Game 5 while Antetokounmpo is out, Sherman believes the line will go to Milwaukee -1.

Jeff Sherman, the Westgate VP, commented that the series is equal at 2-2. While Giannis isn’t playing and Young is expected to be back in the game, the Bucks can gain points. The Bucks have Khris Middleton, Jrue Holiday, and others, giving them a chance to be home.

Milwaukee’s chances of reaching the finals without Antetokounmpo aren’t zero, according to Bogdanovich. Playoffs are cursed with players like Anthony Davis, James Harden, Kyrie Irving getting injured.

The coming Wednesday, the Phoenix Suns standing at -120 are expected to hold the NBA title, followed by the Hawks at 5-1, the Los Angeles Clippers at 8-1, and the Bucks at +325. Sherman praised the Suns’ luck in the playoffs, citing that they will face the Los Angeles Lakers since Davis isn’t playing, the Denver Nuggets are playing without Murray, and the Clippers are without Leonard.

On Wednesday, Westgate booked the 2022 NBA title while waiting for the status of Antetokounmpo’s injury.

Since Young, Giannis, and Kawhi could not make it, Bogdanovich described the situation as a complete disaster. Bogdanovich also mentioned keeping an eye on it. The next game is expected to have a different outcome and a new injury going by the playoff trends.

Masked man Joe Garcia sneaked into Vegas a year ago, with a mask on his mug and theft on his mind, as the city awoke from an 11-week pandemic lockdown.

He’d dupe some hundred individuals out of around $25,000 in cash. But, whether it was all planned or a chain of incidents that culminated in a frantic escape remains to be seen.

John Murges, 57, a Chicago native, was one of several victims of this well-connected con artist who disappeared into thin air. Garcia would make a name for himself at the South Point, Westgate SuperBook, and The D, landing an invitation to Circa’s Golden Ticket grand-opening party in late October. Garcia was recruited as an independent contractor in a promotional position by Jared Holley, who runs Sports Gambling Daily (SGD) in Texas, and no one considered the possibility of him being a con artist.

A former San Diego officer presented Murges to Garcia, who then introduced Murges to vice president Jay Kornegay and executive director John Murray at the SuperBook on June 30. Murges met Stevens and Palm through Garcia at the D.

Murges had created Wager Globe, a prospective sports-betting portal, during his 10-day tour to wager the very first two NFL weekends. Garcia’s contacts were valuable to him because of this. Garcia was a whopping 24-3 against the NBA spread in public through December. He announced a $100 monthly tout service via a secret Twitter account a week into 2021, feeling emboldened. Garcia had told Murges he had done time for drug offenses. 

Murges had partnership paperwork in place, but he would never offer Garcia, who was becoming exceedingly agitated. Garcia informed Murges that he had to go to Southern California since he was in town for the AFC and NFC championship games.

Garcia disappeared on January 24.

Many people believe 270 people paid $27,000 for the service. However, others claim to have received reimbursements, so the bill may be closer to $20,000. Being “ghosted,” according to one source, was particularly aggravating.

Over 50 of those impacted were summoned by Murges, who repeatedly apologized for associating with such filth.

Sportsbooks in Nevada recorded a poor $454.7 million handle in April, down 29.1% from the $641 million recorded in March. It is not only one of the greatest percentage reductions among competing jurisdictions in the US market, but it also represents the state’s sports betting industry’s worst month since July 2020.

 The Nevada Gaming Control Board announced its April sports betting data on Friday, revealing a worse decline than other states. While most observers predict the legal sports betting market in the United States to remain in a long-term downturn, some in Nevada believe that the relaxing of COVID laws and the approaching tourist season will offer a boost to a sector that has been struck hard by the Co-vid pandemic.

Not just the dip, but Nevada also faces a Challenge with its fellow state New Jersey, which is becoming a sports wagers’ favorite.

The total amount wagered on sports online in April was $296.59 million, down 23% from $385.15 million in March. However, online’s share of total sports handling was at its best since July 2020, when it was 69 percent of the total.

Basketball was the most popular sport in terms of handling, with nearly $181 million gambled, while baseball was second with $163.7 million gambled.

New Jersey accounted for a total sports betting handle of almost $748 million for April, surpassing the Nevada total by nearly $290 million. 

The total sports betting revenue came down to $27.2 million compared to March’s almost 40M revenue, noted March’s revenue was the lowest figure since July 2020, where the global sports market stood on halt. 

Nevada also felt the slump in sports betting for April with the absence of  NFL or college football and some other wagering events, like the college basketball season. April could only manage four games of the NCAA Basketball Tournament.

Nevada fell behind Pennsylvania in April handle, in addition to behind New Jersey.

With the mobile sports betting industry starting to pick up the pace and the return of the NFL this fall, this could let Nevada pick up big numbers this year. 

Hailed as a fast-emerging esports and iGaming portal focused to expand esports betting cluster, Intema Solutions Inc. has proudly announced to sign a strategic Letter of Intent with Livestream Gaming Ltd, Belize on April 30, 2021.

According to the report, the participating firms will execute a Proposed Transaction as part of the pact wherein Intema will take hold of all the issued and outstanding Livestream Securities for an amount of $14,750,000 to security holders. The Livestream firm is the proud owner of leading esports betting channel LOOT.BET and the integration will bestow acquisition rights for LOOT.BET to Intema too. The collaboration will play a significant role in strengthening Intema’s hold in the esports fraternity.

Working as a globally-acclaimed esports betting portal, LOOT.BET provides world-class services and tools to its diverse cluster of fans. The platform offers a plethora of services including live betting and online gaming facilities. The firm has a strong partnership with leading esports studios, operators, and related people. It takes pride being an active supporter of the Esports Integrity Commission, an organization that keeps malpractices in control. In 2020, Livestream fetched gross revenue of 3.22 Million Euros and a net profit of 79,806 Euros from Asian and European players.

Talking about the partnership, Peter Zhalov, CEO of Livestream stated that the integration will help them to explore the North American market easily making them fetch increased revenue. The team is confident about the potential of Intema as it has managed to gain success in a short span. The firm is elated to work closely with Intema to further its plans.

Highlights of the Proposed Transaction

The amount will be disbursed by Intema as follows:

• $8,000,000 in cash
• $4,000,000 via a secured vendor take back note of Intema having 12% interest. The first phase of $2,000,000 shall mature in the ninth month following the date of closing. The remaining shall become due in the eighteenth month following the closing date.
• $2,750,000 will be paid by the issuance of common shares of Intema. They will be issued at a price equivalent to the five-day volume-weighted average trading price of the shares on the TSX Venture Exchange as on the date of signing of the deal.

Apart from this, Intema will pay $3,000,000 in cash as extra amount to the holders in the form of Milestone Payment:

• $1,500,000- In case Livestream pools a minimum gross income of $7,500,000 during the 12-months from the closing date.
• An extra $1,500,000- In case Livestream earns a minimum gross gaming income of $11,250,000 during the 13-to-24-month span following the closing date.

The firm will pay a minimum capital contribution of $6,000,000 to Livestream for 2 years post the closing date. The Proposed Transaction period will end in the third quarter of the current year as per the deal. Intema will execute a private placement of subscription receipts for gross revenue of a minimum of $10,000,000 at a cost per Subscription Receipt that will be ascertained through market cost.