PBET – Physical Casino's Players Can Now Play Anywhere, Anytime!!

ABOUT PBET

The PBET project is a unique innovation that addresses the convergence between physical and online gaming while accommodating the generation of synergies between these two channels, thanks to our Unified Gaming Platform' s capability to embed crypto-currency payments.

Our disruptive business model consists of partnering with physical casinos to offer online gaming to highly-valued players for a fraction of the online players’ normal cost of acquisition. Given that casinos know their players well, our offer will further result in a seamless personalized integrated immersive gaming experience across the channels.

Through our special way of combining three pillars; Players, PBET, and Physical casinos we create tailored added-value for each of them taking advantage of synergies generated from this entourage effect.For instance, players and casinos benefit from zero transactional fees, instant payments and the benefit of remaining in the same ecosystem among others.The Omni-channel PBET Reward Club enables partnerships in the hospitality sector, increasing free offerings to players while allowing cross-selling opportunities for casinos and partners.

 

Solving Problems

Casino operator problems

●High cost for small to mid-sized casino operators to penetrate the online gaming arena.
(a)Initial costs are expensive with fixed fee structures;
(b)Monthly minimum fixed fees regardless of performance;
(c)Risky financial investment considering standalone offers and associated overhead.

As described in the above section, online provider offerings to casinos are disconnected from reality when addressing small to mid-size ones: significant investment required up front, minimal monthly fees regardless of real results and management overhead for the online endeavor when using standalone online gaming products. Given this artificial separation between land-based and online operations, casinos don’t capture the benefits from their key major differentiators to succeed in online gaming (players’ trust level, instant and charge-free payments, unified reward system, etc.). Casinos face fierce online gaming competition without beingarmed with their potential competitive advantages.

●Lack of accessibility to i-gaming expertise in the targeted region
In most countries, there is a lack of availability of high expertise resources within the i-gaming sector. Even when specialized resources are available, they are rare and costly. A small to mid-sized casino operator can’t afford to recruit a specialized team nor incur the associated management overhead costs. Through our business model, whichis based on revenue sharing, we provide venues to a turnkey solution and access to a highly experienced team.

●Absence of a unified rewarding system between land-based and online casinos.
A player that has VIP tier level in a land-based casino dislikes losing his advantages and recognition level when registering online, especially when doing so on an online gaming site that shares the same brand as that of the land-based casino. This directly affects the casino’s online gaming performance because their own players’ adoption rate will be weaker. To resolve this issue within Genuina Core, we have designed a number of business rules and developed supporting algorithms to allow casino players to start with the appropriate loyalty tier while maintaining progression depending on their online gaming activities.

 

The Market 

Online Gambling Worldwide

The worldwide global igaming gross win has been continuously increasing since 2003. And it is forecasted to represent € 57.9 B in 2022 according to a joint overview provided by the H2 Gambling Capital and i-Gaming Dashboard. The figures below show the numbers for the 2003-2022 E.6Mobile gaming is to reach approximately 46% of the i-Gaming gross win in 2022 according to this same study.

Other studies, like the one conducted by TMR7evaluates the total revenue generated from online gambling and sports betting at US$ 46.89 bn. by the end of 2016. They forecast a growth over the next 8 years at a CAGR of 10.8% resulting in reaching US$ 96.89 bn. by 2024, more than double the present market size.

Mobile gaming is rapidly expanding, boosted by a high penetration rate of unique users with 68% of the worldwide population having mobile phones and most of them electing for "Smart" ones8. This trend is reflected in the gambling industry with 46% of all i-gaming revenue to stem from mobile channels.

 

 

Genuina Management System

Our product, Genuina

Management System is currently deployed in land-based casinos and allows management of all in-premises operational aspects. Genuina Management system connects gaming machines through industry-protocols (SAS 6.02) allowing the generation of multiple game analysis reports. This product includes modules like financial transaction management, operational management, advanced marketing capabilities, alerts and government reporting as well as multi-currencies and crypto support. Additionally, web and mobile applications empower operators in decision-making thanks to portability and real-time events handling. Genuina Management System is certified by International labs and homologated in countries wherever particular governmental guidelines are specified. 

Benefits for Players:

●Advanced promotional capabilities and Player Tracking system;
●Adaptive and Expandable Reward System Combined with Personalized Marketing Module;
●Enhanced Interactivity between players and casino personnel;
●Capability of adding Fiat money, crypto, redeem points and promotions from the comfort of their seats 

Benefits for Operators:
●Payment Management with full support of transactional methods and mobile cashier stations;
●Comprehensive Casino Management for cages and vaults, slot accounting,financial and cash;
●Proactive Marketing tools with access to real-time data;
●Management module for multiple displays including scheduling, advertising and general announcements features;
●Compliance with country-specific regulations and fiscal guidelines (such as anti-money laundering policies), and provides means to support Operators’ efforts in implementing responsible gaming strategies and protocols to prevent compulsive behaviors. 

 

Genuina Core

GenuinaCore is basically our innovative solution that we call the Omnichannel Brain. Genuina Core can interact with any land-based casino management system. As a matter of fact, we have conceived Genuina Core with specific recipes, know-how and algorithms allowing unleashing full synergetic potentiality between land-based and interactive gaming. This module remedies most of the challenges presented in the previous section regarding the convergence in gaming. Genuina Core isCMS-agnostic. This means that it can grant same synergetic benefits regardless of the Casino Management Systemused by Land-based operators. This gives us access to a wider market when it comes to small to mid-size casinos since we are able to smartly bridge their Land
-based gaming to online without requiring them to change the system they use presently.  

Benefits for Players:
●Same account, for both land-based and online gaming;
●Transactional fees: none for fund transfer and minimal when using crypto payment;
●Recognition of players’ current loyalty club status;
●System-based bonuses and jackpots: mystery and progressive jackpots that can hit on both channels, online and land-based.

Benefits for Operators:
●Cross-channel integration allowing land-based operators to expand customer base beyond their physical boundaries and grab revenues from new online channels while improving player retention.
●Cross-channel unified Business Intelligence and analytics tools as well as specific reports.
●Capability to draw advantage from synergies and Genuina Core without having to change their current casino management system.
●Combined player’s account: money transfer between online and land-based granting control to casino personnel.
●Cross-channels Loyalty programs: your valuable player inside premises has the same recognition and value as in your online site. 

Targeting Crypto-Communities: Our Solution 

Despite the fact that we do offer operators an unparalleled way to expand to the i-gaming space, our offering also targets crypto-based communities that are not necessarily members of physical casinos. When reaching our landing page, the player has the choice of either selecting the version that supports crypto-deposits with conversion to local Fiat money or the fully integrated crypto technology versionas. 

The current bottleneck when it comes to full crypto-basedtechnologies is the availability of games that depend on game content providers. By allowing registration on 2 different versions of the site, we grant players with the best of both worlds: a way to pay using crypto-based currency without exchanging to Fiat on one side and the accessibility to content not yet available in crypto on the other.As mentioned previously we will encourage the use of our proprietary Token, PBET, and facilitate for the Fiat-based community of players, transit to crypto taking full advantage of the decentralized payment system 

PBET at the center of our business model

From a technological perspective and through the support of cryptocurrencies in land-based systems (
Genuina Management System) and online gaming, (Genuina Interactive) we allow for exchangingcrypto far beyond the virtual environment. We do intend to push the benefits of crypto use in physical casinos starting with multi-country operators that suffer the problematics of multi-currency management and time-consuming financial consolidation. It is obvious that such an approach will allow players to move money across countries safely between PBET casinos, therefore gaming without handling physical money (less-secure) or process through junket services that incur fees. 

This niche will be addressed by our sales team given security concerns when handling money across countries which includes high fees charged by junkets. In this project as in any other disruptive technology/business model, one needs to influence others in the ecosystem to adopt added value novelties to every element of the system. Our approach to encourage adoption of blockchain technology and motivate others to adopt PBET is to grant each actor of the ecosystem significant benefits obtained by using PBET. Here is a summary of benefits from different actors’ perspective

Token and Token Sale Information

 Soft Cap = USD 2 Million
Hard Cap = USD 17.5 Million
Regular Price Pbet = USD 0.20 

Token Specifications

Token allocation and use of funds

Tokens allocated for the crowdsalerepresent 70% of all issued Tokens whereas 30 % is kept for team, advisors, founders and bounty. All unsold Tokens during the crowdsale will be burned. 

Restrictions on sales

Through smart contract, all Tokens allocated for public sale that aren’t sold with Pre-ICO and ICO phases will be put aside for burning.Team tokens will be held by the company and released after 6 months from the end of the ICO at a prorated basis over an 18 month period, meaning every month after the 6 month period following the ICO, 1/18 of team member PBET will be remitted to them.Through this strategy we ensure the stability of the token value during the initial growth period of PBET Ltd.

For More Information :

Website         : https://pbet.io 

Whitepaper   : https://pbet.io/documents/pbet-white-paper-2019-1.pdf 

Twitter         : https://twitter.com/Pbet_Project 

Facebook      : https://www.facebook.com/pbetofficial/ 

Telegram       : https://t.me/Pbetcommunity

Authors                     : Tellysa

Bitcointalk's Profile     : https://bitcointalk.org/index.php?action=profile;u=1898514