Bit by Bit(Coin) — iGaming and bitcoin

    Published in: Latest Intelligence By Christine Duhaime, BA, JD Recent headlines on the digital currency phenomenon, bitcoin, haven’t been entirely positive, with news of regulatory clampdowns, the hacking of exchanges and the arrest of key market players over alleged money laundering. Despite recent negative publicity, bitcoin is being accepted by an increasing number of merchants around the world. That includes two Las Vegas casinos – D Las Vegas Casino Hotel and the Golden Gate Hotel & Casino – that recently said their hotel and gift shops would accept the currency, although not for gambling. The online gambling, or iGaming industry, is no different. More and more online gambling websites are investing in technological changes to accept bitcoin bets. And it’s easy to see why. According to the American Gaming Association, the iGaming industry worldwide is worth $30 billion annually. Bitcoin offers business advantages to gaming entrepreneurs that they can’t get with any other payment...

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