CasinoCoin is celebrating a ‘landmark’ deal that will see online gaming operator GoodGaming launch a new online casino brand utilising CSC and CasinoCoin’s proprietary Bankroll Manager.

Speaking to shortly after the announcement, CasinoCoin’s John Caldwell said the launch of the first CasinoCoin casino with the Isle of Man-licensed GoodGaming will mark an important step 

“This is a landmark deal for us. GoodGaming is respected online gaming operator of considerable scale licensed out of the Isle of Man. They are ideal partners to launch the very first CasinoCoin-powered casino,” Caldwell said.

“When we took over CasinoCoin in 2017, our primary aim was to deliver players a world-class regulated cryptocurrency gaming experience. While we are extremely excited by CasinoCoin’s other use cases, this agreement will allow us to deliver upon our initial purpose and power the next stage of our growth.”

The new casino will accept deposits, wagers and withdrawals in CasinoCoin, leveraging CasinoCoin’s proprietary Bankroll Manager to handle KYC and AML obligations.

Oliver Wu, chairman at GoodGaming, said he was “hugely excited” to launch the new casino.

“This new brand, supported by CasinoCoin, will offer users an enhanced experience including lightning fast transactions, low fees and seamless registration,” said Wu. 

“By working with CasinoCoin, the blockchain for gaming, we have the power to quickly scale and offer our customers a world-class user experience via the Bankroll Manager.”

The licensing of the GoodGaming casino has been overseen by Blockchain Isle of Man, who are leading the way for cryptocurrency gaming regulation.

Lyle Wraxall, CEO of Digital Isle of Man, said: “We would like to extend our sincerest congratulations to the GoodGaming team on the launch of their first cryptocurrency casino brand and their partnership with CasinoCoin, from their home in the Isle of Man. 

“The Isle of Man prides itself on its responsible gambling measures and it is clear that CasinoCoin holds these high standards at the forefront of their offering, owing to its built-in KYC functionality and AML tracking tool, created on the blockchain, allowing GoodGaming to scale up quickly in the knowledge that they’re adhering to world-class regulatory measures.” 

The news follows hot on the heels of a string of CasinoCoin announcements, including a loyalty token deal with Omnia Casino and the completion of the first stage of the integration of its technology into Cammegh roulette wheels.

The activity has seen the price of CSC double over the past two weeks, with CSC currently trading at a market cap of around $19.5 million.

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