Latest News
ProgressPlay showcasing latest innovation in Cyprus
ProgressPlay are taking to Cyprus the new innovative technology and tools that the company first introduced earlier this year in London and Amsterdam, to present it at SiGMA Balkans & CIS show during the first week of September.
ProgressPlay’s commitment to innovation, cutting-edge products and casino-centric solutions aligns seamlessly with SiGMA’s values, with the show and awards taking place in Cyprus for the first time where it looks set to attract record numbers of participants aided by the sunny Mediterranean holiday island destination and a pulsating programme of events and speakers.
ProgressPlay, now in their second decade serving the global igaming B2B market, has been doing the rounds of international shows to ensure that operators are aware of their advances in platform capability and service, which have been significantly enhanced by multiple waves of investment.
Central to this increased market exposure is ProgressPlay’s new platform technology which offers a comprehensive gaming management solution across multiple channels and products, giving the company an important revitalised cutting-edge in their quest to deliver long-term value to a deepening operator cluster. ProgressPlay’s new platform manages player accounts, payments, bonuses, loyalty programs, fraud prevention and games, using robust analytics.
ProgressPlay Sales Manager Marina Nahhas said: “We had some really interesting meetings in London and Amsterdam as we expanded our outreach to the global igaming community. As we take our new technology from show-to-show we are delighted with the enthusiasm from operators and casino brands, who have been seeking solutions that can deliver more in this very competitive environment.”
On the proprietary side, and recently introduced to the international online gambling market, ProgressPlay’s innovative Responsible Gambling software covers topics like KYC, player activity, affordability levels, and a transparent audit trail. This breakthrough data-driven software was recognised in the first half of the year with a shortlisting in the EGR’s inaugural Safer Gambling Award, a significant achievement for a new product.
The company has rethought its Responsible Gambling strategy, developing an AI-driven flow for player engagement that recognises players in real-time and rates them according to various standards. This feature has proven highly attractive to the regulated market which is coming under increased pressure from regulators in Europe and beyond.
Over 150 online casino brands have partnered with ProgressPlay covering a unique combination of casino games and sports-betting. ProgressPlay’s sportsbook offers up to 40,000 live betting markets and services across 20 languages while the new platform offers a slick AI-driven UI/UX, and extensive value-added services alongside thousands of casino games, including slots, online casino, live casino, poker, table games, and sportsbook, across all devices and currencies.
ProgressPlay CEO Itai Loewenstein said: “Marina and I look forward to mixing with our growing casino cluster, other industry leaders, nurturing meaningful new connections, and getting immersed in all the insightful discussions a big show like this generates. Of course, we will be there showcasing our cutting-edge products within an event that looks to set new standards and drive the igaming sector forward.”
Kyrrex, a crypto ecosystem, is thrilled to announce its official launch in the United States. With operations now live in ten states, Kyrrex is poised to offer American users a platform for cryptocurrency trading, payments, and wallet management.
Kyrrex’s U.S. platform enables users to buy and trade cryptocurrencies with competitive commissions of just 0.2%, making crypto transactions efficient and cost-effective. Available in California, Colorado, Hawaii, Utah, Indiana, Wisconsin, Missouri, Montana, Massachusetts, and Wyoming, Kyrrex is rapidly expanding to other regions across the U.S.
“We’re incredibly excited to bring Kyrrex to the U.S. market,” said Mike Romanenko, CVO & Co-Founder at Kyrrex. “Our platform is designed to offer American users a safe and reliable way to manage all their crypto needs, and we look forward to growing our presence across the country.”
Why the U.S. Market Matters for European Crypto Companies
The U.S. represents one of the largest and most dynamic crypto markets in the world. As of 2024, the U.S. accounts for over 25% of global cryptocurrency activity, driven by increasing institutional investment and mainstream adoption. The approval of Bitcoin exchange-traded Funds (ETFs) has boosted institutional interest significantly, signaling a shift toward greater acceptance of cryptocurrencies as full-fledged assets. By 2025, the U.S. crypto market is expected to see substantial growth, with estimates projecting a compound annual growth rate (CAGR) of over 12% in the sector, supported by both retail and institutional demand. For companies like Kyrrex, entering the U.S. market is a strategic move to expand user reach and tap into this rapidly evolving landscape, which offers vast potential for innovation and growth.
Kyrrex’s expansion into the U.S. is a testament to the company’s commitment to building a global crypto ecosystem that connects crypto-related services in one platform. By providing American users with access to a platform that offers crypto trading, wallet services, and low-fee purchases via debit and credit cards, Kyrrex is positioned to be a responsible player in the U.S. market. After six years of building a comprehensive crypto ecosystem, the company continues to lead with regulatory compliance. Today, Kyrrex’s achievements include:
- Saint Vincent and the Grenadines: Kyrrex Limited is registered and recognized by the SVG Financial Services Authority, providing a foundation of trust and security;
- Malta: REX, part of the Kyrrex ecosystem, obtained a prestigious VFA Class 4 license in 2021, allowing the platform to offer Virtual Financial Assets (VFA) services while maintaining the highest European regulatory standards;
- United States: Kyrrex is registered with FinCEN as a Money Services Business (MSB) and is available in 10 U.S. states, including California, Massachusetts, and Utah.
Kyrrex ecosystem is also preparing for future regulatory changes by applying for a Class 3 MiCA (Markets in Crypto-Assets) license and an EMI (Electronic Money Institution) license in Malta and the U.K. Also, the company applied for an Investments Services license, which will enable brokerage services from and within Malta. This strategic approach ensures that Kyrrex will continue to offer secure and compliant services across multiple jurisdictions.
“Kyrrex’s entry into the U.S. comes at a critical time as regulations around cryptocurrency continue to evolve. The company’s commitment to regulatory compliance demonstrated through adherence to U.S. state law, positions Kyrrex as a responsible and reliable platform for American users. As part of Kyrrex’s mission, we will continue working closely with U.S. regulators to ensure that our platform remains compliant with the highest regulatory standards.”, stated Mr. Romanenko from Kyrrex.
With plans to expand into more states and enhance its service offerings, Kyrrex is dedicated to reshaping the operations of digital assets by providing users with secure, efficient, and regulated crypto solutions.
Latest News
GR8 Tech’s New Casino Tournament Module Boosts Player Engagement and Simplifies Management
GR8 Tech presents a new Casino Tournament Module, a robust in-house system enabling operators to independently create and manage tournaments tailored to their target audience and strategic objectives. With customizable settings, it enhances player engagement and improves retention through competitive gameplay.
The feature enables operators to create and fully customize tournaments by setting parameters like tournament type, duration, and mechanics. In the Total Bet mechanic, players earn points at a one-to-one ratio: every $1 wagered equals 1 point. The Win/Bet Ratio mechanic, set to launch in Q4 2024, calculates points based on the ratio of winnings to total bets in each game round. Players earn points based on their efficiency in converting bets to wins, incentivizing strategic gameplay.
Prizes can be distributed through fixed amounts pre-defined for specified positions or through manual allocation, an upcoming feature allowing operators to assign prizes based on player performance after the tournament.
The module also provides flexible participant management, allowing operators to enable open or targeted entry, conduct manual or bulk uploads, and maintain a blocked players list. In addition, it gives operators control over tournament setup, entry requirements, and prize distribution to align with player preferences.
A real-time leaderboard keeps players engaged by displaying their rankings and potential prize earnings based on their tournament points, while automatic payouts provide a smooth post-tournament experience for players and simplify operators’ workflow.
The Casino Tournament Module provides additional benefits for operators, including increased player retention by encouraging frequent participation in competitive events. Tournaments also boost revenue by driving higher betting volumes, while providing valuable data insights into player behavior, helping operators refine their marketing strategies and promotions. By allowing users to compete for valuable prizes based on their betting activity, the module enhances the gaming experience and operator efficiency, making it an essential tool for online casinos aiming to grow and retain their player base.
The post GR8 Tech’s New Casino Tournament Module Boosts Player Engagement and Simplifies Management appeared first on European Gaming Industry News.
Conferences in Europe
Promatic Games named Best Emerging iGaming Company at the European iGaming Excellence Awards 2024
Promatic Games has achieved a major milestone in the European gaming industry by securing three prestigious awards at the European iGaming Excellence Awards 2024. The awards ceremony took place during the highly anticipated European Gaming Congress (EGC), held this year in Warsaw, Poland. This recognition highlights our growing presence and innovation in the competitive world of iGaming.
At the event, Promatic Games proudly took home the following awards:
🏆 Best iGaming Product – “Miss Joker Show”
🏆 Best iGaming Supplier
🏆 Best Emerging iGaming Company
”Being recognized at such a prestigious platform is a testament to our commitment to pushing the boundaries of innovation, creativity, and quality in iGaming. We are honored to be counted among the top performers and innovators in the industry, particularly in such a competitive landscape” states Maciej Makuszewski, Head of iGaming at Promatic.
“These awards are a testament to the hard work and dedication of our entire team, and we couldn’t be more proud of what we’ve achieved. Winning Best iGaming Supplier reflects our commitment to providing state-of-the-art solutions to operators, while the Best Emerging iGaming Company award highlights our rapid growth and potential for even greater success in the future” – added Makuszewski.
About the European Gaming Congress (EGC)
The European Gaming Congress is one of the most significant and influential events in the gaming industry calendar. It serves as a central hub for professionals, decision-makers, and innovators from across Europe to gather and discuss the future of gaming. This annual event attracts hundreds of industry experts, operators, and suppliers from around the world, offering attendees the opportunity to exchange ideas, network, and showcase their products and services.
This year’s edition in Warsaw was a standout, featuring insightful panel discussions, expert-led workshops, and keynote presentations. Promatic Games organized a workshop titled “Engagement vs. Responsibility: Mastering the Art of Balanced Slot Development”, led by Maciej Makuszewski and Luka Oblak, which captured the attention of all participants. The presentation featured not only interesting legal and regulatory cases, but the speakers also ensured an interactive element to engage the audience.
The congress provided a comprehensive look at key trends, emerging technologies, and the latest regulatory developments in the gaming sector. From esports to online casinos, and from regulatory challenges to breakthrough innovations, the EGC covers the entire spectrum of the gaming industry, making it an unmissable event for anyone involved in this dynamic field.
About Promatic Games
Promatic Games is a studio specializing in the design of games and software solutions for online casinos, with over 27 years of experience in creating slot machines for both land-based and online casinos. The company’s long history and extensive experience allow it to create games that engage players in a unique way. Throughout its history, Promatic has designed hundreds of slot game logics that have been implemented in dozens of markets across four continents. Promatic Games continues to grow based on technologies developed in-house, including the state-of-the-art Remote Game Server (GamePRO), a platform for building game logics and mathematics named Promatic ONE, and its own random number generator, meeting the highest international standards.
The post Promatic Games named Best Emerging iGaming Company at the European iGaming Excellence Awards 2024 appeared first on European Gaming Industry News.
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