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New Bitcoin Poker Network
Tuesday April 29,2014 : ONLINE POKER SOFTWARE PROVIDER SET TO LAUNCH BITCOIN NETWORK
Enterra's entering a risky business.
The launch of a new Bitcoin-denominated online poker network is imminent, according to a report in the publication Coin Report this week, which reveals that online poker software provider Enterra is behind the project.
The new network is apparently specifically designed to allow skins to accept Bitcoins for deposits and withdrawals
Enterra CEO, Dimitry Starostenkov, claimed in a press release quoted by Coin Report:
“Starting your Internet business via our Bitcoin poker network, you get your own poker room with up to 12 poker game types, games with different limits, and tournaments.”
Starostenkov also stated that would-be operators are not required to obtain a gaming licence or set up an offshore business account, and that there will be no set-up fees for players eager to wage their bitcoins in a round of poker.
“We are interested in business development, and our compensation for the service is only the percentage of rake we earn together,” he added, noting that virtual currency gambling sites were popular because players remain anonymous, especially those in countries with strict gaming laws.
In related news, Coin Report publicises the approaching one year anniversary of Predictious.com, a Bitcoin denominated online gambling site that exploits a loophole in US laws against such enterprises.
The Commodity Futures Trading Commission restricts prediction markets that exchange in cash, but do not yet do so for bitcoin betting sites, creating an opportunity for sites like Predictious, the publication reports.
Punters on Predictious.com use bitcoins to bet on unique items of interest such as presidential election outcomes and sporting events.
The Ireland-based gambling site launched back in July 2013, and only allows bitcoin wagering.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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