Bitcasino 3 – Asia Presents Opportunities for Bitcoin-only Egaming Brands
Bitcasino.io’s gaming platform is simply outstanding. It is packed with crisp graphics that will bring your gaming experience to the next level. But how does it relate to the Asian market? We had the chance to speak with its COO, Tauri Tiitsaar to give us a quick tour of this groundbreaking Bitcoin gambling site. You may check out the first part here and the second part here.
Coin News Asia: Have you set sights on the Asian market in particular?
Tauri Tiitsaar: Asia is home to over half the world’s population and is also one of the largest gambling markets. If you look at the region, it has the largest industrial-scale bitcoin mining farms, and the world’s highest-volume bitcoin exchanges. It, therefore, does present opportunities for Bitcoin-only egaming brands to service that particular market, but on a market-by-market basis as Asia is anything by homogenous. That said, there are some very fascinating products on the market, which are perfect for the Asian player/agent model utilising the telegram messaging app bot technology – telegramwallet.io
CNA: What have been the greatest accomplishments or the best times you have had while operating your business since its inception?
TT: Most importantly, our customer surveys showed the user satisfaction to be at an all-time high in December 2015. Our business has achieved many milestones. We had a 1370% percent increase in turnover for the year-ending 2015 from 2014, which included over €50 million in annualized run rate turnover in December 2015. Our largest single win of 274 BTC (€100k+) on a single spin. An average pay out speed of 2 mins 37 seconds achieved for player withdrawals during 2015, which is believed to be one of the fastest in the industry.
CNA: What can you say about online gambling laws and cryptocurrency legality and regulation?
TT: We believe that gambling laws and regulations have been put in place to help protect the players in the online gaming environment. Therefore, we are keen to help grow the bitcoin gambling ecosystem and operate within the framework set for gambling licenses and regulations. We currently have a Curacao license, and we are in the middle of the application process for an EU facing license and are strongly considering applying for a UK license in the later part of this year.
To be concluded…
Disclaimer: Customers should do their own research before committing to any gambling activity. They are the one to be held liable for infringing the laws of the land they are residing in. Thus, Coin News Asia is not responsible for any losses sustained in willful participation on our featured gaming platforms.