..

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

Online Casinos News

The Online Gambling Train Keeps Rolling, What to Expect in 2020

The Online Gambling Train Keeps Rolling, What to Expect in 2020

When the first internet-based casinos were born in the mid-1990s they were nothing like the online casinos of today.

The Best New Payment Options at Casinos in 2019

The Best New Payment Options at Casinos in 2019

Since casinos have become more and more popular through the years there have been many changes in the way that players use the casino.

New Exclusive Online Casinos You Should Give a Try

New Exclusive Online Casinos You Should Give a Try

The online casino industry just keeps on getting bigger as technology advances and more places become more open to gambling. Surely, the popularity of playing casinos online can be very overwhelming.

Online Casinos in Europe

Online Casinos in Europe

The market for online casino in Europe continues to grow and evolve year on year.

Profound Ramifications for Affiliates, Operators in UK Gambling Market

Profound Ramifications for Affiliates, Operators in UK Gambling Market

ThePOGG has sounded the alarms over UKGC publishing a document called Alternative Dispute Resolution (ADR) in the gambling industry – Standards and Guidance for ADR providers.  And yes it's as ominous as it sounds.

Syndicate