iGaming Business to host first Bitcoin4iGaming event on 24 November |
iGaming Business is pleased to announced the launch of Bitcoin4iGaming, the latest industry event organised by the leading publisher for the online gaming sector.
Bitcoin4iGaming will take an in-depth look at all the key issues igaming executives must consider when assessing what Bitcoin can offer their gaming websites.
Although Bitcoin and other crypto-currencies currently represent a very small percentage of igaming revenues, they present major opportunities: Bitcoin enables operators to target any person worldwide with little to no friction, 0% chargebacks and positively no fraud.
Ivan Montik, chief executive at SoftSwiss, told Coindesk recently about an increased demand and focus on all things Bitcoin, with more “400 requests to launch a Bitcoin casino in the last six months. We constantly have three to five casinos in the set-up phase, and could have had more if we had more resources.”
In the same article Montik goes on to describe how there are already a large number of high rollers playing in these crypto-currency casinos. “On one client website, launched about a year ago, there are single wagers reaching 200-400 BTC. The total amount of Bitcoins wagered on all of the sites operating with the SoftSwiss platform is equal to $10m per month.”
iGaming Business is expecting to attract 250 delegates from the igaming, Bitcoin and investment sectors, which will be the first time all these executives have been brought together.
Alex Pratt, Head of iGaming Business, added: “There is without doubt an opportunity for crypto-currency in igaming however there are still lots of questions and misinformation on the whole subject so we are really excited to launch this event and demystify what we believe will be a game changer for our sector.”
Related article: Bitcoin and igaming: what are the legal issues? (Paywall)