Latest News

ITL’s cash recyclers and biometric solutions centre stage at gaming show in Madrid

Published

2 years ago

February 15, 2022

Reading Time: 2 minutes

From March 15-17, Madrid will once again become the world capital of the gaming industry with the 38th edition of “Feria Internacional del Juego” – International Gambling and Gaming Trade Show. FIJMA 2022 will bring together international companies and manufacturers of slots and gaming equipment with the world’s leading representatives of the sector in Hall 7 of IFEMA.

The Spanish team at Innovative Technology will be exhibiting their latest offerings on stand #A8 and plan to have their cash recyclers and coin handling products centre stage, as well demonstrating how their biometrics solutions can be utilised to benefit the gaming industry.

Mustapha Hadj-Ahmed, ITL Sales Director commented, “FIJMAin March will be the first exhibition in the ITL calendar this year after a number of hi-profile postponements, so we are very much looking forward to meeting with other industry professionals and gaming operators in person. Usually biannual, the event this year is long overdue, the first since 2019, so it’s even more important to get all of the main players from the Spanish Gaming industry together again.”

Mustapha added, “We are looking forward to showing how combining our compact note recycler and advanced coin recycler, NV22 Spectral (NV22S) and Smart Coin System (SCS) gives Operators the best fit for cash handling efficiency for gaming machines in Spain. The compact NV22S fits into most existing gaming machines and can store and recycle up to 40 mixed denomination notes helping to reduce coin starvation to keep machines running. It is a unique product due to its multi note recycling capabilities, any note can be paid out, not just the last note in and Spectral Technology delivers outstanding protection against fraudulent and stained notes. The SCS coin validator, mixed coin hopper and recycler in one enables bulk and single coin inserts. With a large capacity of 1400 coins (€1 coins), customers have reported significant machine uptime improvements. Using both SCS and NV22S units combined gives the Operator considerable float management savings by reducing float levels by up to 30% and a reduction in refill times by at least 50%, saving time, resources and costs for your business.”

ITL have launched several biometric solutions over the past few years. ICU Intelligent Identification uses facial analysis technology for age verification & face recognition.

Continuing Mustapha said, “We will also demo both ICU Pro and ICU Lite. Using non-intrusive facial analysis technologies customers can control access and perform age verification at entrances to gaming venues or at individual machines or betting terminals. With world leading accuracy, offline usage and no recurring transaction fees, ICU is a cost-effective biometric solution available to all.”

Concluding Mustapha said, “We have very strong relationships with our Spanish customers so will proudly have our validators displayed on several of our customers’ stands at the show too. Our team will be on stand #A8 so come along and see how ourcompact, affordable peripherals can generate more profit and real operational efficiencies.”

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

Published

2 hours ago

April 25, 2024

Wladimir P.

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Reading Time: < 1 minute

Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

Latest News

Sportradar Names New CFO, Craig Felenstein

Published

2 hours ago

April 25, 2024

GamingAmericas.com

sportradar-names-new-cfo,-craig-felenstein

Sportradar Group AG today announced that Craig Felenstein has been named Chief Financial Officer of the Company, effective June 1, 2024. Felenstein joins the Company from Lindblad Expeditions where he most recently served as Chief Financial Officer. He will report directly to Sportradar Chief Executive Officer Carsten Koerl.

Felenstein brings nearly 30 years of senior finance and operating experience for US publicly listed companies across the media, entertainment, experiential and digital content industries to his new position at Sportradar. Most recently, Felenstein served as Chief Financial Officer at Lindblad Expeditions, a global leader in expedition cruises and adventure travel, where he oversaw the company’s global finance organization, as well their corporate development, information technology and human resources functions. In his role as Sportradar’s Chief Financial Officer, Felenstein will lead the company’s global finance, accounting and investor relations functions. Felenstein has a unique blend of financial rigor and operational insight and will partner with the rest of the executive leadership team to advance the company’s key strategic initiatives and grow the business while maintaining strong relationships with the investment community. He will be based in New York.

Carsten Koerl, CEO, Sportradar said: “With Craig’s deep international experience and successful track record building finance organizations as a CFO at US listed public companies, I am confident that he will be a strong addition to our team. His track record of helping drive financial strategy and building shareholder value will be instrumental to our continued success. We want to express our deep gratitude to Ger Griffin for his meaningful contributions to Sportradar during a transformational growth period for our Company.”

Prior to his tenure at Lindblad, Felenstein served as Senior Vice President of Investor Relations and Strategic Finance at Shutterstock where he oversaw all interaction with the investment community while leading the financial planning and analysis and corporate development functions. Prior to Shutterstock, he served in various management roles at Discovery Communications, LLC, including Executive Vice President of Investor Relations. At the same time, he was a member of the executive team for several of Discovery’s businesses including serving as the Chief Financial Officer of Digital, Chief Financial Officer of US Network Revenue and Chief Financial Officer of Animal Planet. Prior to Discovery Communications, he held senior positions at News Corporation, Viacom Inc., and Arthur Andersen & Co.

Felenstein said: “Sportradar has built an impressive leadership position in the rapidly growing global sports technology market and the Company is ideally situated to deliver sustained growth given their strong content portfolio, unmatched product offerings and commitment to industry innovation. I am excited to work with Carsten and the entire Sportradar team, as well as the Board of Directors, to capitalize on the significant growth opportunities ahead and deliver additional value to our clients, partners and shareholders.”

Bitcoin

Should iGaming Be Worried About 2024 Bitcoin Halving?

Published

4 hours ago

April 25, 2024

George Miller

should-igaming-be-worried-about-2024-bitcoin-halving?

Reading Time: 2 minutes

In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm.

The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.

What is Bitcoin Halving?

The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block.

Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.

Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.

Exploring the Impact of Bitcoin Halving on the iGaming Industry

To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.

Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector.

Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”

Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

The post Should iGaming Be Worried About 2024 Bitcoin Halving? appeared first on European Gaming Industry News.