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An operator that deployed their casino to the Ethereum blockchain would see their casino be distributed across thousands of computers with no central party that could be shut down. Instead, each casino would be run off its own self-contained blockchain. While an Ethereum-based chain could not offer the high transaction efficiency of a Bitcoin/Litecoin/Dash/Zcash chains, it could be made to scale by using smart contracts to automate and automate transactions. This would be a boon to the Ethereum ecosystem as decentralization would take a step forward.

Ethereum Casinos in Asia

The growing popularity of Ethereum in Asia has put the attention of global gambling brands on the blockchain technology; however, the Chinese government’s ban on exchanges and mining pools is a major obstacle to the continued growth of these projects. As an aside, China’s gambling industry was $30 billion in 2016, but has lost a third of that after the ban. That puts further pressure on an industry that is already suffering from overregulation.

According to the Gambling Business Journal 2016 statistics, the Chinese gambling industry accounts for 9.3% of the global market; however, as with bitcoin in its early days, the Chinese gambling sector is very early in its growth curve. It’s also worth noting that while gambling is illegal in China, the country is considered one of the biggest gambling hubs in the world.

“The industry has expanded by almost 60% in 2015, with total bets reaching more than $22 billion (Rs 6,000 crore),” he said.

If the Chinese government does allow the industry to continue and grows exponentially, it likely would become a major player in the global market.

The Bitcoin Casino

Many people remember the Satoshi Dice gambling game from 2013-2014, which ran on Bitcoin. The game was popular because the games were free to play, and it was free to join. Satoshi Dice was shut down by the government after reports of illegal offshore gambling emerged.

On the topic of Bitcoin gambling, the Bitbet.io game, which came out in 2014, was also shut down by the government after the country’s regulators banned bitcoin gambling. However, the company’s website is still up.

BitBet.io and SatoshiDice could be two examples of Bitcoin casinos that have been shut down by a government that had some problems with the Chinese gambling industry. For most, though, we’ll see the Bitcoin Casino move into the crypto space, and be one of the first Bitcoin casinos to have its casino address on the Ethereum Blockchain after the ICO.

The Bitcoin Casino that Will Not Die

In another sign that bitcoin casinos are definitely alive and well

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