Bitcoin-only online casino sees revenues surge in 2015

Bitcasino, Bitcoin , Online, Financials senior double lottoland
Share this article
  • 5
  •  
  •  
  •  
  •  
  •  
  •  

Bitcasino.io, the world’s first licensed and regulated Bitcoin only casino, has reported significant year-on-year growth in 2015

 

 

 

[dropcap]A[/dropcap]ccording to the company, the online casino now serves customers in 140 countries worldwide, and has paid out €14m in progressive jackpots over the course of the year. Its revenues for the full year amounted to €50m, reflecting an increase of more than 1000 percent.

Bitcoin.io spokesperson Mark McGuinness said that the company’s growth milestones reflected a broader trend in the move toward mainstream acceptance of cryptocurrencies, particularly as a currency to gamble with.

“2015 was an important year for industry awareness and player acceptance of Bitcoin as a ‘seamless gambling chip’ helped bitcasino. io become the premier destination for discrete bitcoin gambling,” he explained. “Many industry observers have referred to bitcoin as a niche product and a fad. This is far from the reality; bitcoin gambling continues to gain mainstream acceptance amongst players, particularly the millennial demographic and it will continue its growth trajectory into 2016 and beyond.”

In August 2015, the company also launched its sportsbook product on the site, taking bets on more than 60,000 events monthly. It has also announced plans to launch a dedicated Bitcoin sports betting website, Sportsbet.io, in June 2016.

“Given the success we have had with Bitcasino.io,” McGuinness said, “we are confident that [Sportsbet. io] will become the premier sports betting destination for all Bitcoin players across all devices.”


Share this article
  • 5
  •  
  •  
  •  
  •  
  •  
  •