We are certain that if you open up your internet browser, listen to the radio streams or just watch the news on TV, a new piece about Bitcoin or any other cryptocurrency will pop up.
And if you are in the online gambling industry, no doubt you’ve heard about how the industry is embracing Bitcoin. Cryptocurrency is not a new thing, as a matter of fact, in 1998, Wei Dai published a description of “b-money”, an anonymous, distributed electronic cash system which shortly thereafter, was followed by “Bit Gold” created by Nick Szabo. Just like bitcoin and other cryptocurrencies that would follow it, Bit Gold was an electronic currency system which required users to complete a proof of work function with solutions being cryptographically put together and published. A currency system based on a reusable proof of work was later created by Hal Finney who followed the work of Dai and Szabo.
The first decentralized cryptocurrency, bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamoto. It used SHA-256, a cryptographic hash function, as its proof-of-work scheme. Many other cryptocurrencies have been created though few have been successful, as they have brought little in the way of technical innovation. On 6 August 2014, the UK announced its Treasury had been commissioned to do a study of cryptocurrencies, and what role, if any, they can play in the UK economy. The study was also to report on whether regulation should be considered.
It didn’t take much time for the online gambling industry to eye out the possibilities of adopting Bitcoin and this has lead to a total of 4.5 billion in BTC to be wagered since 2014.
Bitcoin gambling has continued to rise in popularity over the years. Many people believe Bitcoin is the perfect currency for online wagers and cryptocurrency-based gambling statistics have shown that the market agrees.
It is clear that Bitcoin gambling is just one of many excellent platforms that demonstrates the cryptocurrency’s real-world use cases. Using bitcoin has allowed for more privacy-centric gambling, alongside quicker ways to fund casino accounts, pay out jackpots and reward players. Online gambling is a huge industry with a volume of $45.86 billion in 2016 and Bitcoin has captured just a tiny fraction of this market so far.
Have we bored you yet? We haven’t gone into technical parts of cryptocurrencies because it would involve us to do a much deeper study. This is why we have designed an exclusive panel for the second edition of Central and Eastern European Gaming Conference in partnership with BitMalta.
The panel will be moderated by Joseph F. Borg – VICE-PRESIDENT of BitMalta and Senior Advisor to WH Partners
The panel which is titled as “Innovation Talks – The Cryptocurrency Effect on the gambling industry” is scheduled to be held between 12:300 – 13:00 (Budapest Local Time) on the 19th of September (Day 1) during the second edition of the Central and Eastern European Gaming Conference Budapest. (you can view the full agenda here)
The second edition of the Central and Eastern European Gaming Conference (CEEGC) will be held at the Kempinski Hotel Corvinus Budapest and as during first edition, it will bring together the cream of the online gambling industry for two days of fully packed unique networking opportunities.
We have set the dates of 19 and 20 September by carefully synchronizing with the top delegates that will be attending the event and we are looking forward to having you among our guests.
The motto of the 2017 event is “Unfinished Business: Dare to attend” and it will focus on the Latest Innovations, Hot Topics, Eastern and Central European market updates and a special focus on the Balkans.
We are aiming to bring yet another opportunity to harvest a wealth of information about the hot topics and trends which shape the industry in 2017 and will look towards the future awaited regulatory updates.
Dr. Joseph F. Borg is currently a Senior Advisor to WH Partners, a law firm specialising in Gaming, Corporate, IT, Telecoms and Intellectual Property Law. He also lectures Gaming Law at the University of Malta and is the Secretary General of the Malta IT Law Association. Before joining WH Partners he occupied the post of Chief Regulatory Officer of the Lotteries and Gaming Authority – Malta. Joe was also an elected Member on the Board of Trustees of the International Association of Gaming Regulators (IAGR), a position which he held throughout 2012. He had originally joined the Authority in March 2007 as Director Legal and Enforcement and has occupied this position for almost 4 years. Before joining the Authority, Joseph, acted as a Legal Counsel to Vodafone Malta Limited for three years.
Joseph was conferred with an LL.M. in Information Technology and Telecommunications Law at the University of Strathclyde (Glasgow), with Distinction. Earlier, he was awarded the LL.D. from the University of Malta, after writing and successfully defending a thesis entitled, ‘Protection of Trademarks Against Domain Names’. In 2009 he completed a Regulator Development Program organized by the International Gaming Institute at the University of Nevada in Las Vegas (UNLV). In 2012 he was awarded a certificate in Casino Management by the UNLV.
Malta’s first association to advocate cryptocurrencies and the Blockchain technology established in June 2015. Serving as the largest hub for all those interested in these areas.
How to secure your seat?
Early Bird Rate is set for 299 EUR an can be booked with the 50% discount until September the 3rd, 2017. Limited seating! (Online payment, Bitcoin or Bank Wire Available)
*25 operators can attend the event for free! Fill out the form below in order to secure your free seat at CEEGC 2017 Budapest!
*Please note: The 25 free seats can be booked until 01.08.2017 and are based on the first come first serve basis.