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Online casino software developer, SkillOnNet Limited , has announced that it has formally applied for licenses from authorities in Sweden and Portugal in hopes of being legally present in both markets by the beginning of 2019. According to an official press release published by boutique gaming event organizer, European Gaming Media and Events, the Maltese firm explained that its Swedish application follows the recent passage of legislation that is set to institute a regulated market in the Scandinavian nation from the first day of January. In terms of Portugal, SkillOnNet Limited stated that the country ‘has attracted the attention of a number of operators’ before detailing that a successful nod would see it endeavor to debut a bespoke online casino ‘specifically for the up-and-coming Portuguese market’ by the end of this year. Michael Golembo , Head of Sales and Marketing for SkillOnNet Limited, proclaimed that his firm’s software innovations power ‘some of the most popular brands in Europe’ such as PlayOJO.com and DrueckGlueck.co.uk. He declared that receiving licenses for Sweden and Portugal would allow the company to drive future growth by means of being ‘active in as many regulated markets as possible.’ “We are lean and nimble, so completing the license paperwork for both Sweden and Portugal simultaneously was not a problem. We see both markets as having tremendous potential and look forward to working with the regulator in each to obtain our permits.”
For the original version including any supplementary images or video, visit https://news.worldcasinodirectory.com/skillonnet-limited-files-for-pair-of-european-licenses-58156
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Blockchain casinos have a decentralized system. This means that a third party is not needed to verify data. These casinos have no way to access and manipulate the games. Therefore, each game is played fairly and transparently. Furthermore, it makes it impossible for investors to include gambling bots which are known to create a collusion and therefore alter the final results of the game as observed in traditional online casinos. The decentralized system ensures the safety of funds. This is because the funds are stored in blockchain smart contracts as compared to traditional casinos where funds are stored in the system. Strict rules and regulations in the blockchain industry also make it hard for blockchain online casino investors to fraud or treat their players unfairly. The system also ensures transparency in the games.
For the original version including any supplementary images or video, visit https://www.newsbtc.com/2018/08/25/how-blockchain-is-disrupting-traditional-online-casino-scene/