Korean Bitcoin Gambling Site Seeks Asian Customers

Coin Desk – A new bitcoin gambling site has opened for beta testing, specifically targeting customers in the Asia region. Based in South Korea, Satoshinori.com is available in Korean, Japanese, Chinese, Vietnamese and English. It features an array of multi-player games including Seven Card Poker, Texas Hold-em and Matgo, plus simpler web based games like Rock Paper Scissors, Riding Ladder and Mine Sweeper. More are due to arrive in future. Satoshinori’s operator said the site is produced by a leading Korean game publishing company, with emphasis on fair games, low fees and security. The site itself says:“All customers’ deposited Bitcoins…

First In-Casino Bitcoin ATM Launches in Las Vegas

Tourists visiting Las Vegas can now get their cryptocurrency in Las Vegas at a Bitcoin ATM located at The D Casino. The site has partnered with Robocoin, a fellow Las Vegas-based company, to place a bitcoin ATM inside its casino. The machine allows users to both buy and sell the currency. Derek Stevens, CEO of the D Las Vegas Casino Hotel, said in a statement: “We’re proud to be the first casino property to accept bitcoin and we’re excited to offer our customers the convenience of a bitcoin ATM.” The D Casino Hotel is located downtown on Fremont Street, distanced from the…

Is Bitcoin a Legal Loophole for Online Sports Betting in US?

PR Newswire – The Stossel Show, which airs on fox news, brought on Bitcoin Center NYC Policy Associate Naomi Brockwell to talk about how Bitcoin has revolutionized online betting — and made an activity that is illegal in most of the United States accessible to American bettors. Brockwell states, “The way that the ban on internet gaming is enforced is that the government actually targets the intermediary, the financial institutions, that process the payments to the online gaming sites. What’s amazing about bitcoin is it is a peer to peer currency so it doesn’t actually use any of these financial…

Gambling Website’s Bitcoin-Denominated Stock Draws SEC Inquiry

Bloomberg – The Securities and Exchange Commission is conducting a formal inquiry into an online gambling website’s Bitcoin-denominated stock sale after the agency signaled that such dealings may break U.S. laws. The SEC sent a letter asking MPEx, an online exchange for Bitcoin-based trading, to provide contracts and other documents relating to SatoshiDice.com, according to a copy of the request posted on the website trilema.com. Mircea Popescu, the MPEx operator to whom the letter was addressed, confirmed its receipt in an e-mail to Bloomberg News and said MPEx hasn’t broken any laws. The letter lists SatoshiDice as the topic of…

BetCoin unveils ‘reinvented’ Bitcoin title

iGaming Business – Bitcoin gaming network BetCoin has announced a major redesign and game play improvements for a “reinvented” version of its BetCoin Dice online game. The updated title now allows players to begin with a starting bet of 0.001 Bitcoins. BetCoin also said that players can enjoy the game with “true zero confirmations in the Bitcoin blockchain,” meaning that bets and winning on the new version of BetCoin Dice are processed instantly. All bets are processed by the BetCoin proprietary provably fair technology. Players can also watch their lucky numbers being generated in real-time by the provably fair algorithm…

Big Fish Games and Coinbase announce Bitcoin partnership

iGaming Business – Casual games developer Big Fish Games is to join forces with international secure Bitcoin wallet Coinbase to offer online customers a new way of buying games and making in-app purchases using the Bitcoin virtual currency. The partnership will make Big Fish the first gaming company to use Coinbase’s transaction platform. All Big Fish online games can now be purchased directly from the company with Bitcoin, while a number of its free-to-play online titles will also accept the virtual currency for in-app purchases. To use Bitcoin on Big Fish, players can purchase a Coinbase wallet or any other…