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Isle of Man drives innovation with new Blockchain Office

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As part of their strategy to enhance the Island’s reputation for digital innovation, the Isle of Man will soon be opening the doors of its new Blockchain Office – a research, education and consultancy hub for crypto entrepreneurs and regulators.

In a major boost to blockchain-based businesses and entrepreneurs on the Island, the Isle of Man Government has announced that it will be launching a brand new Blockchain Office this Spring.

Part Sandbox and part consultancy scheme, the new project promises to deliver world-leading research, advice and knowledge-sharing across the crypto community and create an open space for discussions around regulation.

Companies involved in the scheme will have extensive contact with – and mentoring from – technologists, regulatory experts and successful entrepreneurs, as well as access to the Isle of Man’s extensive business infrastructure, which includes top-level accountancy and legal advisors and world-class connectivity.

The move is part of the Isle of Man’s burgeoning digital strategy, which was established last year to further the Island’s reputation as a leader in innovation.
Spearheaded by the Isle of Man Digital Agency, the strategy covers many of the most cutting-edge industries and sectors, from the Island’s thriving media and fintech communities, to esports and telecommunications.

Commenting on the plans, Lyle Wraxall, chief executive of the Isle of Man Digital Agency, said: “The establishment of the Blockchain Office sends out the clear message that we, as an Island, are going to be pro-blockchain, but that we are going to do that through good regulation – by attracting high-quality business, enhancing consumer protection, and becoming a globally recognised as a high-quality jurisdiction in this space.

“That’s why the consultancy wing of the Blockchain Office helps mature businesses to the point where they have the knowledge they need before they enter the Sandbox and start having that regulatory conversation.”

He added: “As an Island, we’re really well placed with our financial services, our infrastructure, and our egaming industry experts. We have such a strong support network of expertise that can come in and plug any gaps for early-stage entrepreneurs, so the innovators are free to focus on what they do best: the technology and the innovation. That innovation is what we’re trying to attract here, and I think the Blockchain Office will be the place where everything comes together to create an incredible ecosystem.”

The Blockchain Office is set to open its doors this February, with applications for consultancy services open from the beginning of March.

Isle of Man eGaming will be exhibiting at ICE London in the ExCel Centre from 5-7 February at Stand N6-220, N7. Contact Tony Jones on tony.jones2@gov.im or stop by the stand to arrange a meeting.

 

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Isle of Man drives innovation with new Blockchain Office

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The Stars Group 2019 Investor Day Webcast Details

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The Stars Group Inc.  will host an Investor Day in New York City on Wednesday, March 27, 2019 at 8:00 a.m. ET.  Presentations by members of executive management are expected to conclude at approximately 12:00 p.m. ET.

This event will be webcast live at approximately 8:00 a.m. ET and can be accessible via the Internet through http://www.webcasthd.com/tsg

Presentation slides will be posted prior to the start of the event to www.starsgroup.com under The Stars Group, Investor Relations, Financial and Corporate Information.

 

About The Stars Group:

The Stars Group is a provider of technology-based product offerings in the global gaming and interactive entertainment industries. Its brands have millions of registered customers globally and collectively are leaders in online and mobile betting, poker, casino and other gaming-related offerings. The Stars Group owns or licenses gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, BetEasy, Sky Bet, Sky Vegas, Sky Casino, Sky Bingo, Sky Poker, and Oddschecker, as well as live poker tour and events brands, including the PokerStars Players No Limit Hold’em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGASTACK. The Stars Group is one of the world’s most licensed online gaming operators with its subsidiaries collectively holding licenses or approvals in 21 jurisdictions throughout the world, including in Europe, Australia, and the Americas. The Stars Group’s vision is to become the world’s favorite iGaming destination and its mission is to provide its customers with winning moments.

SOURCE The Stars Group Inc.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The Stars Group 2019 Investor Day Webcast Details

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Studies find links between loot box spending and problem gambling

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New research has proved that there is a strong link between problematic gambling behaviours and spending money on loot boxes.

The results of the research are published in the journal PLOS One as two studies. The results indicate that people who spend more money on loot boxes are also more likely to be unable to keep their gambling habits in check.

“Loot boxes are extremely widespread. A recent analysis we did showed that they may feature in as many as 63% of mobile games. They’re extremely profitable, too: They’re estimated to have perhaps generated as much as $30 billion in revenue in 2018,” said study author David Zendle of York St. John University.

“They’re also highly worrying — there are clear parallels between loot boxes and potentially harmful activities like gambling. Given their prevalence, importance, and the lack of literature on them, I think a good question is ‘Why weren’t more people running these studies?’”

The researchers had 1172 gamers complete psychological surveys regarding problem gambling and loot box spending.

The participants all reported regularly playing at least of one of ten popular games that feature loot boxes: Player Unknown’s Battlegrounds, League of Legends, Hearthstone, Overwatch, Counter-Strike: GO, FIFA 18, Rocket League, DOTA 2, Team Fortress 2, and Tom Clancy’s Rainbow Six Siege.

“There is a link between loot box spending and problem gambling. However, we’re not sure if this means that loot boxes literally cause problem gambling, or if it means that people who are already problem gamblers spend significantly more money on loot boxes. In either case, though, it doesn’t look socially beneficial.”

On average, the participants reported spending $19.58 on loot boxes in the past month. But some had spent up to $2300.

The study replicates the finding of previous research conducted by Zendle and published in 2018. That study, which examined 7422 gamers, found that people with more severe gambling problems tended to spend more on loot boxes.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Studies find links between loot box spending and problem gambling

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NESN starts telecast of sports-gambling show

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NESN, the television home of the Boston Bruins and Boston Red Sox, and VSiN (Vegas Stats & Information Network), started the telecast of VSiN’s Follow the Money morning show on March 18. It will be shown on NESNplus every weekday morning from 7 a.m. to 10 a.m. ET.

Follow the Money, a three-hour show offering valuable betting information, with a lace of humour and entertainment, is hosted by Mitch Moss and Paul Howard.

“NESN has long been a leader in regional sports television, and there is no better partner to reach sports fans throughout New England,” said Brian Musburger, founder and CEO of VSiN. “As regulated sports betting expands across the country, VSiN will continue to partner with innovators like NESN to help inform the rapidly growing number of Americans wagering on sports.”

In the coming days, the show will include expert insight and analysis around March Madness, the annual NCAA basketball tournament which got underway on Tuesday.

“Sports-wagering regulations are changing quickly and with these changes, we anticipate an increased interest in obtaining relevant and reliable sports information,” said Rick Jaffe, NESN’s vice president of programming and production. “VSiN has both the experience and expertise to deliver the most up-to-date gaming data and analytics to New England’s sports fans.”

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NESN starts telecast of sports-gambling show

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