Monthly Archives: June 2018

CashBet signs exclusive landmark agreement with CryptoMillionLotto

‘CashBet Coin is the only token to be used on the world’s largest crypto lottery’

LONDON, UK. – June 29, 2018 –CashBet and CryptoMillionsLotto proudly announce a landmark agreement to allow holders of CashBet Coin to play on the world’s largest real-money crypto lottery.

This agreement extends the utility of CashBet Coin to a truly global gaming crypto business, and delivers on CashBet’s promise that its coin will become the payment method of choice for crypto gaming worldwide.

CryptoMillionsLotto is based on AfroMillionsLotto, an established business, which operates more than 30 lottos for football clubs and charities across Africa. The vision behind CryptoMillionsLotto was to welcome the wider crypto community around the world to play the lottery and to encourage crypto adoption amongst a broader audience. As most of the systems and capabilities are already in place, CryptoMillionsLotto has a very short development roadmap and is expected to launch this summer.

Melco International rolls out the red carpet for ‘pop-up’ Cyprus casino

Casino operator Melco International Development has finally opened the doors of its temporary Cyprus casino to the public, according to the Cyprus Mail.

The $15 million C2 Cyprus casino welcomed its first guests on Thursday as part of Melco’s campaign for everyone to get a glimpse and experience their “renowned standards and quality of service,” according to Craig Ballantyne, president of an entity called City of Dreams Mediterranean and Cyprus Casinos.

Ballantyne said that the stand-in casino, occupying a 4,600-square-meter space that used to be a supermarket in Limassol, has 33 tables and 242 slot machines, a VIP gaming area, a restaurant and two bars serving food and drinks. The facility can accommodate up to 1,000 customers.

The ‘pop-up’ casino employs 593 people, 75 percent of them are Cypriots, according to the Melco Executive.

Imperial Pacific to miss August deadline of Saipan casino

Saipan casino operator Imperial Pacific International Holdings (IPI) continues to struggle with the construction of its US$7 billion integrated resort, and is likely to miss its August 31 deadline.

The Hong Kong-listed casino operator have asked the Commonwealth Casino Commission (CCC) to extend the time frame for the completion of Imperial Pacific Resort until the end of December 2018, according to the Saipan Tribune report.

In a meeting with the CCC members on Thursday, IPI Vice President for Construction Eric Poon conceded that the casino operator may not be able to finish the construction of Imperial Palace by the end of August. Currently, the site is only 68 percent complete, according to the casino operator.

Failure of IPI to finish the construction on August 31 would mean another amendment of the casino operator’s license agreement. CCC chair Juan Sablan pointed out that it will be the sixth amendment to the license agreement if IPI misses the deadline.