Mobile-facing online gaming turnkey operator and platform provider, CashBet, has announced the signing of a deal that will see its CashBet Coin crypto-currency utilized by the forthcoming virtual lottery in CryptoMillionsLotto.
According to a official Thursday press release released by European Gambling Media and Events, CashBet explained that CryptoMillionsLotto is supposed to premiere later this summer and current players from around the world with the opportunity to win prizes that should become comparable with those now offered by state-run lotteries in the USA and Europe.
CashBet, that raised some $38 million earlier this month after finishing an initial coin offering for the CashBet Coin virtual currency, declared that CryptoMillionsLotto will be predicated upon the AfroMillionsLotto service that works in excess of 30 lotteries for charities and sports clubs in Africa while expecting to attract a wider audience through the adoption of a crypto-currency option.
&ldquoWe are delighted to include CryptoMillionsLotto into our growing ecosystem of gaming partners around the Earth,” read an announcement from Mike Reaves, Chief Executive Officer for CashBet. “As a fully certified business, CryptoMillionsLotto will allow CashBet Coin holders to perform lottery games with the opportunity to win life-changing real-money prizes. ”
CashBet was created in 2012 and additional detailed that CryptoMillionsLotto is to allow participants to wager using CashBet Coin tokens on lottery draws out of Germany with jackpots entirely insured by a Fiscal Conduct Authority-regulated insurance agent.
“We are eager to name CashBet Coin as the exclusive token to be accepted on the CryptoMillionsLotto platform,” read a statement from Sulim Malook, a director for CryptoMillionsLotto operator RSN Entertainment Limited. “We see the validity its token provides globally and we know it’ll complement what we are doing with CryptoMillionsLotto. ”
