CashBet Coin acquired by Greentube

The Novomatic interactive division, Greentube, have announced their completion of the acquisition of CashBet Coin’s CBC cryptocurrency and its underlying blockchain technologies. With the acquisition allowing Greentube to enhance the use of cryptocurrency throughout its social gaming portfolio.

Greentube successfully trialled last year the use of CashBet coin with their brand GameTwist, which is one of the world’s largest ‘social’ casinos, offering players over 400 games to choose from.

Speaking about the deal that sees Greentube acquire CashBet Coin’s cryptocurrency and its underlying blockchain technologies, Greentube’s Chief Games Officer, Michael Bauer, commented: “The acquisition of the CashbBet Coin Treasury allows us to expand the use of blockchain solutions and we are evaluating the spread across our B2C casino portfolio to enhance the customer experience.”

We’ve seen increasing demand from players to offer cryptocurrency as a payment option and the successful integration of CBC on GameTwist has demonstrated the benefits of the technology for social gaming.”

With Ed Brennan, CashBet Coin’s President, adding: “This deal completes our ongoing partnership with Greentube and is testament to the technical excellence and versatility of CBC. Given the scale of the company’s social user-base and operations the acquisition will further advance development of the technology.”

“With CBC now under the control of a leader in the global iGaming industry, we look forward to establishing greater utility of the token and seeing many more integrations across Greentube’s social products and services.”

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Simon Wright

Simon Wright

Simon Wright has been both a player and an observer of the online casino industry for over 15 years. His knowledge of the online casino industry – to include sports is massive. Not many folks have the experience or his knowledge about online gambling. His adoration of football is also noted. He has painted his house blue (Chelsea) and annoys his neighbors with local football songs on game days.

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