Skip to main content
Roundup: William Hill, Licenses & Partial Cashouts

Roundup: William Hill, Licenses & Partial Cashouts

Chris in Bitcoin Gambling published on 3, October 2015

Exclusive William Hill Slots Boost Online Gambling   

UK’s top bookmaker William Hill unveiled the latest slot games to join its extensive casino games offerings. Developed exclusively for the popular gambling website, the four new online slots and one blackjack game are now available to players from countries that are recognized by the gambling platform. The new William Hill slots are Kingdom of Wealth, Spirit of the Samurai, Centurion, and Fortune of the Gods while the card game is Mayfair Blackjack. These games are now available to Bitcoin players through the services delivered by NETELLER.

“Just like the traditional slot interface, William Hill slots are designed to have five reels and 20 to 30 paylines. Things get more interesting when it comes to the flow of the game. Unlike its conventional counterparts, these online slot games follow a certain storyline that unfolds every time players unlock an in-game bonus or feature. This type of design is rather uncommon even for newer-generation slots.”

Do Bitcoin Casinos Benefit From Gambling Licenses?

Compared to the real-money iGaming industry, Bitcoin casinos and gambling sites are not required to get licensed in order to operate. After all, cryptocurrency-powered betting platforms do not necessarily need to have bank and merchant accounts to receive payments using the conventional payment methods. With Bitcoin, all that is needed by a Bitcoin casino is a wallet address. However, licenses have become an effective tool in empowering Bitcoin casinos in terms of security, marketing, and credibility.

“Without these licenses, Bitcoin casinos can still operate and offer the in-demand games and services to their customers, provided that they legally do this through reputable providers in the Bitcoin casino market.”

Will Bitcoin Gambling Offer Partial Cashouts Soon?

The concept of partial cashouts first materialized in online sports betting, and it was only recently when a casino game began to incorporate this feature. Colossus Fracpot is the world’s first online slot game to offer partial cashouts to players who wish to take their winnings while the reels are still spinning. This game is a product of the collaboration of Colossus Bets and CORE Gaming, and it will be launched in Sky Vegas Casino. The question now is will Bitcoin slots soon offer this too?

“We believe that the application of partial cash-out to other gaming verticals will have a similarly transformational impact. The Colossus [fracpot] slot is the first in what will be a series of gaming products enabling players to bank profits as they progress through a game.”

Dissecting Bitcoin and Multi-Currency Casinos

Bitcoin gambling no longer features only online casinos, sportsbooks, poker rooms, and other betting sites that exclusively function on Bitcoin. Recent years have witnessed the rise of multi-currency casinos, which technically support real money and cryptocurrencies. Americas Cardroom and Casino Extreme are examples of sites that accept Bitcoin and fiat. However, which of these two kinds of gambling platforms deliver the best online gambling experience?

“Both platforms possess benefits and disadvantages that make them stand out from other. At the end of the day, it is all up to casino players to decide which platform triumphs over the other. Nevertheless, both cryptocurrency and multi-currency platforms adhere to a principal mission—to spread gambling entertainment among Bitcoin casino enthusiasts.”

Mexico Restricts Cryptocurrency Transactions

Bitcoin transactions may soon be completely stopped in Mexico after the country’s Tax Administration Services decided to ban such transactions within their jurisdiction. The prevalent money laundering activities in the country are the primary reason behind the decision, adding that Bitcoin and altcoins offer another medium for such illegal activities to push through. With such development, the future of digital currencies, including that of Bitcoin gambling, remains uncertain in Mexico.

“The laws surrounding gambling show less tension than that of Bitcoin, which is why this issue may be a chance that slipped off the hands of the technology. Prospects of having cryptocurrency integrated into its gaming systems would do a great deal for both bettors in the country and the emergence of Bitcoin for mainstream purposes.”

 

Like this article? Place your comments below