..

Atari Will Use Cryptocurrency to Bolster its Online Gambling Business

Written by:
Guest
Published on:
Feb/17/2018

Atari's stock jumped 51% on the news Friday that it had planned to unveil its own cryptocurrecy. 

From Ars Technica:

The French holding company announced last week that it had traded use of its name for a 15 percent stake in Gibraltar-based Infinity Networks, which will create a cryptocurrency-based "Atari Token" platform that could be used to pay for various kinds of "digital entertainment." Atari is also planning to extend its existing partnership with online casino maker Pariplay to create a separate "Pong Token" that will be accepted in "crypto-casinos."

Atari CEO Fred Chesnais speaking about the idea in a press release:

“Blockchain technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions. Given our technological strengths with the development studios, and the global reputation of the Atari brand, we have the opportunity to position ourselves attractively in this sector. Our objective is to take strategic positions with a limited cash risk, in order to optimize the assets and the Atari brand.”

Atari is likely to just lend its name to the cryptocurrency while having little management of it, according to experts in the space.

And there are skeptics.  Paul Tassi of Forbes writes:

I genuinely have no idea what to make of Atari these days. This is a company that has also promised to release a modern day console in the insanely competitive current landscape, an “Ataribox” which will combine old Atari games with new-era gaming capabilities. But that project too remains a mystery. Atari once had a spring 2018 ship date for the Ataribox, but that’s been delayed, and we’ve heard precious little about the idea since it resurfaced with an Indiegogo campaign. I was always hugely skeptical about the idea, but the general public seemed to be interested, at the very least, perhaps not fully understanding the strange sort of company Atari has become in the past few decades.

- Gilbert Horowitz, Gambling911.com

Business/Financial News

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the U.S. central bank to set up a digital currency is that it could undercut the need for private alternatives such as cryptocurrencies and stablecoins.

Ethereum’s Virgil Griffith Violates Bail

Ethereum’s Virgil Griffith Violates Bail

Plus BSV a boon for advertising and affiliate marketing

What Should You Be Looking At When Choosing a Pay Per Head Service

What Should You Be Looking At When Choosing a Pay Per Head Service

Running a bookie is a challenge for some operators. As a result, they prefer hiring a licensed pay per head (PPH) company to manage key gambling operations and market their betting options. 

Syndicate