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Jun 28, 2016

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Casino Banking (197 articles)

Bitcoin Value Rises in the Aftermath of the Leave Vote

Following the Brexit vote, the digital currency can be expected to further increase as a result of Britain's decision to leave the EU. Experts are predicting Bitcoin to be the currency of the future, referring to it as a safe haven asset that will benefit from the global economic uncertainty. During the last week, the price of Bitcoin was subjected to volatil...

Casino Banking

Freerolls, Freeplay, and Jackpots Oh My

A whole lot is going on in the online gaming world! For starters, players can look forward to recently added Bitcoin landing pages at both Slotocash, and Uptown Aces. Members can easily check them out by heading to either of the sites to play. Slotocash just also recently awarded a lucky player from Alabama with a massive $50K jackpot via the Vulcan Slot. Glen...

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Creator of Bitcoin Refuses to Prove Himself

Since its conception back in 2008, there has been a major controversy over Bitcoin’s creator. The digital payment system is believed to have been invented by Satoshi Nakamoto, a pseudonym claiming to have been used by Australian entrepreneur, Craig Wright. Despite his claims, there is much speculation on whether or not Wright is the authentic creator of Bitcoin....

Casino Banking Gambling Law & Society News

Isle of Man to Make Gambling Regulations Bitcoin Friendly?

Regulations regarding digital currency may be up for a change in the Isle of Man as they consider making changes to Bitcoin and the like. Such changes will see the gambling services industry accept it just as they would cash. The Isle of Man’s Gambling Supervision Commission (GSC) also aims to alter its definition of what it considers “the deposit of money”,...

Casino Banking Gambling Law & Society News

Bitcoin Now Seen as Real Money in Japan

Bitcoin has taken a step further as it earns official recognition in Japan. According to the Japan Times, the virtual currency has been the focus of a set of bills that will clear the way for integration into the banking industry, which will see it become real money. The approval of these Japanese regulations will mean Bitcoin exchanges must observe establish...

Casino Banking

Café Casino Welcomes Bitcoins and US Players

Slots.lv and Bovada have a new sister, Café Casino, and she welcomes Bitcoins and players from the USA! Café Casino, launched in 2016, is licensed in Kahnawake with proprietary software and games from Rival and Real Time Gaming. The casino is currently available in English only and offers games in Instant Play and a mobile casino. New players will receive a...

Casino Banking General Gambling News

SoftSwiss Platform Adapted by mBit Casino

With vast technological advances sweeping the world of online gambling, Bitcoin is a concept that has made itself at home. Created by the man, referred to as Satoshi Nakamoto in 2008, it serves as a form of digital currency, which is both created, and held electronically. Rather than being printed like other forms of currency, it is, instead produced by individua...

Casino Banking Casino Software

Bovada, Bodog, Slots.lv and Ignition Casino Now Bitcoin Friendly

The Bitcoin industry continues to grow and the latest casino brands to begin accepting this virtual currency are Bovada, Bodog, Slots.lv and Ignition Casino. If you’re new to this virtual currency, there are a few benefits that come with using it when gambling online. Bitcoins deposits are free, accounts are anonymous and it offers the security you need. There...

Casino Banking

Neteller to Change NET+ Prepaid MasterCard® Fee Structure

Neteller recently began notifying its customers that the fee associated with ATM cash withdrawals using the NET+ Prepaid MasterCard will be changed to 1.75%. What do these changes mean to card holders? It is important to note that this change only applies to cash withdrawals and not standard purchases made with this card. The current fee structure varies based...

Casino Banking

Bitcoins, Bonuses and New Games

Sloto’Cash and Uptown Aces have introduced Bitcoin so players may now select this payment method for deposits and withdrawals. In addition to all the Bitcoin excitement, Real Time Gaming’s latest online Slot, Zhanshi, is live at both brands. To mark the occasion, they’ve got a special bonus offer so you can try it out. All players are eligible to claim a 11...

Casino Banking Casino Games

UPayCard Makes You Pay with its Many Fees

American online gamblers are always in search of new payment methods and UPayCard is yet one more option. Understanding the ins and outs of online casino banking methods can present the daunting task of researching and reading the terms and conditions. The aim of this article is to lay it all out for you in an easy to follow format like a brief UPayCard for dummi...

Casino Banking

Paysafe Group Releases Statement on 2009/2010 Hacking

Paysafe Group, parent company of Neteller, Skrill and Paysafe Card, released a statement this week regarding their investigation into a hacking that is believed to occurred in 2009 and 2010. The hack was revealed in October 2015 with research revealing that the data breach affected 3.6 million Neteller and 4.2 million Skrill personal account details but was li...

Casino Banking Gambling Law & Society News

No VAT for Bitcoin

The European Court of Justice has handed down the ruling that Bitcoin will be handled in the same way as traditional currencies with exemption from value added tax. The court found that Bitcoin transactions are no different than those involving any other currency. The case made its way to court per the request of Swedish authorities after the Hedqvist case,...

Casino Banking Gambling Law & Society News

Paste and Pay Customer Complaint Issues

Recently there has been a number of complaints on the LCB forum from players having issues purchasing prepaid vouchers at Paste and Pay. The prepaid voucher system is a popular choice particularly for US based players...

Casino Banking

PayPal Re-enters US Online Gambling Market

Though not official, word is PayPal will be jumping back into the online gambling circuit as a banking method option for US. It has been 12 years since the giant processor pulled out of the US due to legalities of processing deposits at online Casinos, Poker and Sportsbooks. It is the result of enforced regulations and its merger with eBay in 2003. PayPal isn’...

Casino Banking

William Hill Rolls Out Prepaid MasterCard

Major gambling operator William Hill plc has introduced its Priority Access Card, which is a prepaid MasterCard that makes funds available immediately. This is exciting news as players using the prepaid card now bypass the standard withdrawal timeframe of 3 to 5 days. The withdrawal process is much faster as delays are eliminated by cutting out the middleman a...

Casino Banking

Mt. Gox CEO Arrested by Japanese Authorities

Bitcoin exchange Mt.Gox’s chief executive officer Mark Karpelès has been arrested again by Japanese authorities on embezzling charges to the tune of GBP 1.7 million in bitcoins from fallen company. He was previously arrested this year for the alleged fraud that led to the demise of the company, which also hurt the reputation of Bitcoin as a virtual currency....

Casino Banking Gambling Law & Society News

Optimal Payments to Propose Name Change

Payment services provider Optimal Payments Plc intends change its name to Paysafe Group plc and will present the proposal at an Extraordinary General Meeting scheduled for this month. The acceptance of the recommendation will see the company listed on the London Stock Exchange’s main market for listed securities. Entering London’s main stock market comes after...

Casino Banking Gambling Law & Society News

PayPal Acquires Modest Mobile Payment Service

Since its break from eBay, PayPal has announced its first acquisition in mobile payment start-up Modest. Modest users may make purchases using apps via buy buttons on merchant sites, much like Pinterest's Buyable Pins. "For consumers it will mean seamless, simpler and safer ways to buy the things they want, anywhere they discover them," Bill Ready of PayPal...

Casino Banking

Optimal Payments has Acquired FANS

Web based transactions provider Optimal Payments plc has acquired mobile platform developer FANS Entertainment Inc. for Cdn$16 million. The purchase price is payable to the vendors in 3,163,633 shares in one of the company’s subsidiaries. The shares may be redeemed on a one-for-one basis into shares of Optimal Payments over the course of three years. The F...

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