Blockchain technology finds route onto casino floor

Two years on from Bitcoin’s mainstream breakthrough, land-based casinos are beginning to explore valuable use cases for the technology upon which the leading cryptocurrency is built. While popular cryptocurrencies are the centre of an ongoing regulatory debate, casinos are finding that blockchains – essentially distributed ledgers that securely and immutably store and transmit data via cryptography – can confer benefits across a range of fields, including security, data, payments and even loyalty programs. Last December, Hong Kong-based gaming firm Alphaslot said it had secured a multi-million dollar investment, led by China’s Sora Ventures, to fund the expansion of the company and the launch of a tokenized blockchain entertainment platform targeted at the gaming industry. “There is strong demand for new entertainment experiences that attract new players and a blockchain ecosystem is the catalyst,” Alphaslot founder and CEO Raymond Chan said at the time. “This second round of investment proves the confidence from...

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