Graph Blockchain Inc. ("
Graph" or
"
Company") (
CSE: GBLC) is pleased
to provide further insight into the planned acquisition of
BlockChain Innovations Corp. ("
BCI" or the
"
Company"), an international blockchain technology
supplier serving the regulated gaming industry, and The Games
Company Ltd. ("
TGC"), a popular provider of online
casino games that is licensed by the United Kingdom Gambling
Commission and Alderney Gambling Control Commission.
TGC's games are available across Tier 1 online
casino operators and government lotteries, including William Hill,
Bet Victor, and Loto Quebec. TGC's products, including Hippie
Chicks, Cash Cowboy, and Lucky 8 Keno, are available in 30+
languages, featuring a freespin promotion engine and, most
importantly, offer multi-currency wagering including
cryptocurrencies.
TGC’s games are available in Canada, the UK, and
markets served from Gibraltar with several launches scheduled in
Malta in the first half of 2019. Leveraging BCI's blockchain
technology, TGC products will become fair-enabled, allowing players
to independently ensure and verify game fairness. Integrating BCI's
technology with TGC's casino content will allow us to showcase
other examples of blockchain applications in the casino content
vertical. By adding TGC's suite of casino content to BCI's
sportsbook, platform, and payments solution, it further establishes
BCI as a full-product suite B2B gaming platform supplier with all
the advantages of running on blockchain technology.
BCI has developed a fully-functional
cryptocurrency wallet for users to manage and exchange multiple
cryptocurrencies for smart-contract. BCI has provably instant
confirmation of transactions, or bets integrated within its
technology. The wallet communicates to any existing operator's PAM
via an API and, in addition to standard transaction accounting and
reporting, operators may permit wagering between players using
pay-as-you-go cryptocurrency where no money is on deposit as well
as players with fiat currency on deposit, in their existing
operator account.
Once activated, users with popular
cryptocurrencies such as Bitcoin and Ethereum may then exchange
those coins for PebbleCoin and begin placing smart-contract wagers.
PebbleCoin, the gaming-by-design crypto-currency BCI’s technology
utilizes, is one of the first cryptocurrencies to use smart
contracts and trade them as freely as coins.
BCI has provably instant confirmation of
transactions, or bets integrated within its technology and its
cryptocurrency PebbleCoin. The confirmation time for Bitcoin is 1
hour and Ethereum is 180 seconds. The implication of that 180
seconds to 1 hour is that live wagering environments are not
possible with Bitcoin or Ethereum since there is an ability for one
side to “roll-back” the transaction on the blockchain. If this were
the case, users could cancel bets when the line prices move against
their position – that’s not feasible in a betting market.
BCI and TGC Management Profiles
Matt Stafford has 10 years of
experience in the gaming industry in various legal and compliance
roles including overseeing the entire commercial and compliance
functions as Assistant General Counsel for Aruze Gaming America,
Inc. a leading land-based slot manufacturer. Matt entered igaming
in 2014 as General Counsel for NYX Gaming Group Ltd., where he
helped lead its IPO and raise nearly $800 million CAD before
completing NYX’s 2016 acquisition of Openbet Technology Ltd. - the
largest B2B sportsbook software provider in the world. Most
recently, Matt served as Senior Counsel, Interactive for Scientific
Games Corporation, which acquired NYX Gaming Group in January 2018
for approximately $660 million USD.
David Wang has over 15 years of
executive experience in Gaming and over four years of experience
with blockchain technologies. Mr. Wang is a former executive
at various gaming companies including Wynn Resorts, MGM Resorts,
and SEGA. He is a successful entrepreneur and previously
served as CEO and Co-founder of Chipleaders, which was acquired by
PartyPoker. He holds an MBA from the Kellogg School of Management
(Northwestern University)
Morris Mosseri has over 30
years of experience in technology, with over five years of
experience in building blockchain technologies having founded a
successful crypto mining business. He is the original
architect and lead developer of BCI’s PebbleCoin cryptocurrency.
Previous to that, Mr. Mosseri created a profitable sports
betting arbitrage network integrated with over 80 operators.
He also developed and operated one of the largest poker bot
operations worldwide. Formerly, Mr. Mosseri was a
quantitative futures trader at New York-based hedge fund Schonfeld
Securities.
Jeff Stevens, CEO of Graph Blockchain commented,
"BCI's technology has been developed since 2016 and augments
wagering functionality for gaming companies across all sectors of
the industry from sportsbooks and exchanges to e-sports, daily
fantasy and lotteries. This technology as well as the games content
from TGC positions Graph well in the gaming sector in a number of
areas."
About Graph Blockchain Inc.
The Company develops leading-edge private
blockchain business intelligence and data management solutions and
is a pure play in the graph database technology space. Graph
leverages its proprietary integration of the AgensGraph Database
engine with IBM’s Hyperledger Fabric to create a transparent and
immutable ledger with near real-time transactional data processing
and intuitive data visualization. The Company has secured multiple
prototype development contracts with multi-national conglomerates
and sells across client subsidiaries as a full enterprise
product.
Additional Information on the Company is
available at: www.graphblockchain.com
For further information, please
contact:
Jeffrey Stevens – CEOPhone: (647)
400-8494Email: jstevens@graphblockchain.com
Forward Looking Statements
This news release contains "forward-looking
statements" within the meaning of applicable securities laws. All
statements contained herein that are not clearly historical in
nature may constitute forward-looking statements. In some cases,
forward-looking statements can be identified by words or phrases
such as "may", "will", "expect", "likely", "should", "would",
"plan", "anticipate", "intend", "potential", "proposed",
"estimate", "believe" or the negative of these terms, or other
similar words, expressions and grammatical variations thereof, or
statements that certain events or conditions "may" or "will"
happen, or by discussions of strategy. Readers are cautioned to
consider these and other factors, uncertainties and potential
events carefully and not to put undue reliance on forward-looking
statements. Such statements may prove to be incorrect and actual
results may differ materially from those anticipated.
The forward-looking statements contained herein,
including the timing of the Closing, the terms of the Transaction
and the receipt of regulatory approval, are made as of the date of
this press release and are based on the beliefs, estimates,
expectations and opinions of management on the date such
forward-looking statements are made.
Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement
and reflect the Company’s expectations as of the date hereof and
are subject to change thereafter. The Company undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, estimates or opinions,
future events or results or otherwise or to explain any material
difference between subsequent actual events and such
forward-looking information, except as required by applicable
law.
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