NEW YORK, Jan. 27, 2014 /PRNewswire/ -- CoinBet® Interactive Gaming, S.A., a new online betting revolution created for the newest generation of U.S. based online gamblers, whom before now, were without a platform– was unveiled in the bright lights of Times Square today when an image of the website's homepage and announcement of its offerings were proudly displayed for all to see on the Reuters Sign in Times Square.
CoinBet® is unique in that, it is the first legitimate, licensed entity, to reenter the real money online gambling space, since Full Tilt Poker, PokerStars, and Absolute Poker all had their sites shut down by the D.O.J. in 2011.
CoinBet® is well capitalized and the leader in the space, perhaps by default, because at present, there are no other entrants! The fully licensed gaming company accepts players and takes action across the globe, but is focused and sees real opportunity in the American market. We spoke with John Bauer, a senior V.P. of Gaming at CoinBet® who said "Look, to take away a person's fundamental right to spend their money on whatever they choose is wrong, unconstitutional, and without question, an un-American thing to do; but we are not here to engage in a legal debate, we are here to serve up the very first legitimate workaround to the complex online gambling laws in this U.S. market. We are returning to Americans their freedom to choose and giving them their power back!"
Bitcoin, the popular digital currency, is the medium CoinBet uses to maneuver cash from U.S. players in and out of their site, since ostensibly it is not a violation of the wire act or the unlawful online gambling act, since technically, only BTC goes in and only BTC comes out. Bauer later said "American gamblers should educate themselves quickly, as every bettor should know how it feels to make a bet and have his winnings pushed back to his wallet within minutes! That's the power of our platform. It's like gambling on steroids! In two years you'll see a dozen copycats, trying to replicate what we've done here, but we aren't worried, it's not just about first mover advantage, we are light years ahead in so many ways that it's not even conversation worthy".
About CoinBet® Interactive Gaming, S.A
CoinBet® is an award winning online casino, sportsbook, and poker website offering its worldwide clients, no max wagers, instant payouts on winning wagers, anonymous account set-up, along with the very best sports coverage, over 150 single player casino games, Facebook plug-in, mobile games and a secure multi-player poker network with HD desktop and mobile device support.
CoinBet® is not only the first to bring legal gambling back for U.S. residents, but we are also the first online casino & sportsbook ever to process cash payouts for players within 20 minutes of a wagering result becoming final!
Press Contact: John Bauer
Office: +1 (855) 600-COIN (2646)
Video with caption: "SuperBowl XLVIII $1,000,000 Dollar Giveaway!!!" Video available at: http://youtu.be/OhzNkibS6LA
Video with caption: "SuperBowl XLVIII $1,000,000 Dollar Giveaway!!!" Video available at: http://youtu.be/kWwrIo8ojiw
Image with caption: "CoinBet(R) is not only the first to bring legal online gambling back for U.S. residents, but we are also the first bitcoin processing online sportsbook & Casino EVER to process cash payouts for players within 30 minutes of a wagering result becoming final! With instant BTC deposit, instant BTC cashout, no max wagering, Facebook plugin, mobile app, and even a fully anonymous registration option, We clearly offer you advantages and options that you can't find anywhere else!" Image available at: http://photos.prnewswire.com/prnh/20140127/MM52719-a
Image with caption: "Voted #1 bitcoin based online sportsbook and casino." Image available at: http://photos.prnewswire.com/prnh/20140127/MM52719-b
Image with caption: "CoinBet Sponsors Million Dollar Giveaway for Super Bowl XLVIII." Image available at: http://photos.prnewswire.com/prnh/20140127/MM52719-c
SOURCE CoinBet Interactive Gaming, S.A