The Coingaming Group Switches To Microbitcoin

Written by:
Guest
Published on:
May/16/2018

Sportsbet.io and Bitcasino.io, operated by Coingaming Group, have switched their betting units from millibitcoins to microbitcoins, better known as bits.

As a result of the move, punters will be able to play vast selections of premium casino releases with the same bankroll, only 1,000 times bigger.

CEO, Tim Heath, said that all games, including sports events, are now available to a much broader spectrum of players, regardless of Bitcoin’s continuous increase in value on the global market. Reducing gaming units from mɃ to µɃ is an unprecedented move which keeps all members at the center of our casinos’ universe, added Heath.

In addition to launching online casinos and sportsbooks, the Coingaming Group also established a dedicated eSports betting brand, Bets.io, along with a slots-packed venue, Slots.io. They have offices in Estonia, Ukraine, Spain, UK, Brazil and Malaysia and employ approximately 190 people.

The group features a collection of over 1,400 titles from NetEnt, Quickfire, OneTouch, Evolutio, Asia Gaming and more, as well as 350,000 pre-match events per year.

WORD OF CAUTION

ScamBitcoin.com monitors the growing crypto casino sector and writes this of Sportsbet.io and Bitcasino.io:

SportsBet provides an attractive and engaging site template but their operational protocol appears unethical and questionable to say the least.

Numerous reports of online SportsBet’s users have reported theft of funds, manipulation of betting games along with unprofessional customer assistance. One such instance that has drawn much spotlight has been a user who allegedly lost 21.5 bitcoins through gambling with their platform.

While that particular BitcoinTalk forum will go on to reveal that the player managed to retrieve their funds later down the road, it doesn’t take into account the numerous other threads of discussion regarding SportsBet and the reported misdoings they have been allegedly exercising.

Furthermore, the live sports betting featured on their site have not been provably fair while their site lacks an effective and supportive customer support staff.

- Jordan Bach, Gambling911.com

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