New Blockchain And Gambling Venture to be Established

SBTech’s Senior VP for Business Development Tom Light leaves solutions provider to establish new blockchain and gambling venture
19 March 2018   453

SBTech is a global leader in omni-channel sports betting and gaming, with over 1,000 employees in 11 locations worldwide. Since 2007, SBTech has developed the industry’s most powerful online sports betting and casino platform, serving more than 50 licensees in over 20 regulated markets.

Sbtech
SBTech

SBTech’s clients include many of the world’s premier betting and gaming operators, state lotteries, land-based casino and horse racing companies, and igaming start-ups. The group supplies superbly flexible betting and gaming solutions to clients looking for speed to market and exceptional configurability, supported by the best business intelligence and reporting capabilities.

Tom Light, Senior Vice-President of Business Development at SBTech, is to leave the group to establish a new business venture that will unite blockchain and gambling and leverage the power of the crypto-currency in a gaming and betting environment.

Tom Light joined SBTech in 2014 to lead its business development and commercial efforts and initiated the massive growth curve the group has experienced since. He has been responsible for signing many of SBTech’s defining partnerships and will continue to retain the full support of the company in future projects.

Tom Light
Tom Light

I have really enjoyed working at SBTech and seeing the group grow to become the leading sports betting and gaming solutions provider to the sector. The new project I will be heading is particularly exciting as it combines two great passions of mine: blockchain and gambling. It will leverage the power of crypto-currencies within an igaming setting and produce a truly disruptive offer for the sector.
 

Tom Light

Senior Vice-President of Business Development, SBTech

Tom Light recently discussed the possibilities of blockchain within gambling at the iGaming Asia Congress in Macau in the company of Mikhail Bogdanov, CEO of Firelotto and Tony Tong, Crypto Angel Investor at DRC – Drchain.io.

SBTech is particularly grateful to Tom for his incredible work over the past four years, which has enabled us to experience massive growth and has put SBTech in prime position to capitalise on future opportunities in the online and land-based gaming and betting sector worldwide. He retains the full support of SBTech and we look forward to his new project, which we believe will be as successful as the past four years he has had with SBTech.
 

Richard Carter

CEO, SBTech

The SBTech offering includes its Seamless Sportsbook, the Chameleon360 iGaming Platform, Managed Services, and retail and omni-channel solutions that provide players with constant access to sports and casino products across all touchpoints: online, mobile and retail.  

Backed up by unrivalled expertise in trading and risk management, regulatory compliance, AML and KYC procedures, acquisition and CRM, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty and peak profitability.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.