Latest News

DoubleJack launches ICO to enable users worldwide to access €250 million lottery

Published

3 years ago

March 2, 2021

Reading Time: 2 minutes

DoubleJack’s ICO will also offer a digitized stakeholding utility asset to users, building the foundations for the company’s philanthropic, igaming lottery platform

DoubleJack, a global fintech startup, launches its Tron-based DJACK utility token, designed to give users, who are normally geo-blocked by local barriers, access to its lottery platform and its associated benefits. The funds from the utility token sale will be used to build its insurance program and sell insurance-linked securities (ILS), which will enable the company to offer a much larger jackpot.

Around the world, a number of countries have created geoblocking parameters to prevent their local populations from partaking in igaming, a market volume of nearly one trillion USD by 2025. Most igaming and lottery programs are not philanthropic in nature and do not offer real stakeholder opportunities. In the spirit of improving upon the absences of these elements in the industry, DoubleJack is changing the paradigm with its utility token. In addition to granting buyers access to the platform to buy lottery tickets, the token will afford buyers unique opportunities immediately upon purchase:

Influencer income: Token holders will be able to earn a passive income by becoming “influencers” and sending referral QR code links to other people. For every 20 people who receive a referral code, the influencer can earn a passive income that ranges from as low as $100 to as high as $6 million, depending on the influencer’s DoubleJack.Club status. Passive incomes are distributed from one-third of the lottery’s total jackpot.
Philanthropic opportunities: Influencers are encouraged to develop their own charitable initiatives and contribute to local charities with the passive income they receive.
Wealth-management option: Winners of the lottery jackpot will be offered the opportunity to work with Turner Little wealth management firm to help them reach their personal and/or business objectives.

In order to build its philanthropic lottery ecosystem, DoubleJack is using the utility token sale to accrue the funds to build its own captive insurance company and offer insurance-linked securities to institutional and accredited investors.

“We are proud to release our utility token to users all around the world, breaking down geoblocking barriers and empowering everyone to earn a passive income and become involved in charitable endeavours,” stated DoubleJack’s founding team. “As entrepreneurs passionate about paying it forward and building an ecosystem built on altruistic principles, the ICO is a massive step toward realizing our vision for a philanthropic-driven, global lottery platform.”

DoubleJack launched its DoubleJack.Club influencer program in December 2020.

Latest News

Sharp Alpha Closes Fund II With Over $25 Million To Back Sports, Gaming, Entertainment Startups

Published

3 hours ago

May 14, 2024

GamingAmericas.com

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Sharp Alpha Advisors announced the closing of Sharp Alpha Fund II, an oversubscribed $25 million venture capital fund investing in early-stage sports, gaming, and entertainment businesses.

Existing investments in Fund II include C15 Studio, which recently emerged from stealth mode as the operator and distributor of Formula 1’s new streaming channel. Previous investments include Almost Friday Media, Jackpot.com, and Betcha (acquired by Vivid Seats).

The fund targets seed investments ranging from $1 – 2 million. Sharp Alpha also operates a co-investment vehicle that provides limited partners the ability to invest additional capital in select deals alongside the fund.

Managing Partner Lloyd Danzig was recently named to Business Insider’s Top Venture Capitalists in Sports and ELG’s 40 Under 40. He is frequently featured by CNBC, The New York Times, and The Wall Street Journal.

The fund is backed by public companies, US fnancial institutions, pro sports team owners, family offces, top venture capitalists, and funds of funds, among others.

According to Danzig, there is a signifcant opportunity at the intersection of sports, gaming, media, and technology. “The competitive entertainment category is experiencing exponential growth but at the same time is desperate for innovation that early-stage companies are best positioned to supply.”

The fund has exceeded its $25 million capital raise target and expanded the size of its deal team.

Commenting on current market conditions, Danzig explained, “we are entering the most favorable period in the last 15 years to bet on great founders.”

Sharp Alpha’s advisory board includes Keith Horn, founder of Loring Capital Advisors and former COO of Elliott Management and Global Head of Leveraged Finance at Merrill Lynch; Emanuel Pearlman, the former Chairman of Empire Resorts and board member at several public companies; Daniel Bernard, Founder and Chairman of Redwood International Sports; Roy Behren, the President and Chief Investment Offcer of a $5.2 billion asset manager; and Don Kornstein, the Vice Chairman of Caesars Entertainment and former executive at numerous successful gaming companies.

In addition to investment capital, the frm provides portfolio companies with a suite of resources and opportunities spanning fundraising, revenue generation, brand awareness, commercial strategy, fnancial planning, and product development.

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A 39-year-old man wins 40,620 EUR jackpot among 5200 participants in Starship Quest at RocketPlay

Published

5 hours ago

May 14, 2024

Wladimir P.

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Reading Time: < 1 minute

In April, RocketPlay Casino successfully concluded its Starship Quest, with a Grand prize winner taking home 40,620 EUR and a total of 163,000 EUR in bonuses distributed among participants.

The Starship Quest, an interactive journey spanning 15 levels, engaged 5200 participants from around the world. As players progressed through the quest, they collected virtual hex keys that unlocked various rewards. By the end of the event, RocketPlay had issued 15,563 bonuses totaling 163,000 EUR, with an impressive activation rate of 91%.

The Grand prize winner, a 39-year-old man, previously claimed victory in RocketPlay’s Golden Glory tournament. His latest win as part of Starship Quest in the Sun of Egypt 3 slot game by Booongo further cements his reputation for skill and perseverance in the gaming community.

“We are delighted to announce our Starship Quest winner and congratulate him on his 40,620 EUR jackpot,” said David Peterson, a representative of RocketPlay’s Customer Care team. “At RocketPlay, our priority is to offer a safe and enjoyable gaming environment. Events like the Starship Quest are designed to bring excitement and rewards to our players while ensuring their safety. We’re committed to delivering more engaging experiences for our community.”

Looking ahead, RocketPlay will host a new quest slated for early summer and special activities in conjunction with Euro 2024, featuring sports-themed jackpots and prediction contests for football fans.

RocketPlay Casino continues to prioritize player satisfaction and safety while creating innovative gaming experiences. Stay tuned for more exciting adventures and announcements in the coming months.

The post A 39-year-old man wins 40,620 EUR jackpot among 5200 participants in Starship Quest at RocketPlay appeared first on European Gaming Industry News.

Latest News

NIFL Strikes Exclusive Data & Streaming Deal With FeedConstruct

Published

6 hours ago

May 14, 2024

George Miller

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Reading Time: 2 minutes

The Northern Ireland Football League (NIFL) has signed a new five-year deal with FeedConstruct to become the league’s exclusive Betting Data & Streaming Partner until the 2028/2029 season.

FeedConstruct and NIFL have enjoyed a successful long-term partnership since the 2019/2020 campaign, solidifying their roles as the league’s data and streaming partners. This agreement will provide a considerable seven-figure investment into the leagues over the contract term.

Under this partnership, exclusive betting data will be provided globally for over 800 matches across the Sports Direct Premiership and Women’s Premiership, the Playr-Fit Championship, Premier Intermediate League, the BetMcLean Cup, Women’s League Cup, and the European Playoff matches from the summer of 2024 onwards.

FeedConstruct is a leading provider of real-time and historical sports data, as well as digital content. The company delivers innovative and cutting-edge data-feed solutions that cover pre-match, live, and post-match data to over 300 partners. Dedicated to continuously developing advanced sports products and tools, FeedConstruct provides quick and accurate data to its partners.

With its main mission to bridge the gap between sports and entertainment businesses by offering cutting-edge solutions, FeedConstruct helps its partners get the most profitable experience.

Since the formation of the NI Football League in 2013, professional football in Northern Ireland has flourished both on and off the field. This announcement is the latest in a series of positive developments from one of the fastest-growing professional leagues in Europe, which has seen an 83% increase in attendance over the past ten years, as well as record commercial deals and improved performances both domestically and in UEFA Club competitions.

Ian Forrester, NI Football League Chief Commercial Officer said, “This is another huge deal for the NI Football League, we’re delighted to continue our long-standing relationship with FeedConstruct. These are exciting times to be part of our league and there is still so much potential and opportunities for us to explore.”

“This continuation of the commercial partnership with FeedConstruct will allow us even more new opportunities to work and grow together, and we look forward to what the future holds over the next five years!” Forrester added.

Narek Harutyunyan, the Head of the Rights and Content Department, said, “We are excited to extend our partnership with Northern Ireland Football League for another five years and are committed to providing our technology and expertise to support the reach of NIFL competitions to a global audience. The extended agreement enhances our presence in the UK football rights market and demonstrates our commitment to enriching our portfolio with high-level sports content.”

This renewed five-year agreement between the Northern Ireland Football League (NIFL) and FeedConstruct reaffirms their successful partnership, extending their collaboration into a decade. This partnership is set to enhance the football experience by providing comprehensive and exclusive betting data for fans globally.

The post NIFL Strikes Exclusive Data & Streaming Deal With FeedConstruct appeared first on European Gaming Industry News.