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But the company collects a fee (in virtual currency), or rake, when players play the games. This helps drain currency from the player base and keeps the economy of the game stable. “In the worst case for us, if all players were token buyers, and they hold for 36 months, they redeem all bonuses, and they will get 11 times more chips than they can get day one,” Kuznetsov said. “That sounds like a huge inflation. But we believe that based on how players play, they will exchange tokens for chips regularly. We will be fine, and the economy of the game will be stable. We will issue five new games, including new slots. This will help us remove more chips from the game’s economy.” Players can also earn more tokens if they encourage their friends to buy tokens. “We are not targeting investors or people who want a speculative gain,” Kuznetsov said.

For the original version including any supplementary images or video, visit https://venturebeat.com/2018/08/13/kamagames-will-sell-cryptocurrency-tokens-for-social-casino-games/

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Disney, Seminole Tribe team up with $26 million to keep casino competition out of Florida

When activists in Orange County wanted to let voters decide whether the county should have a mandatory sick-time law, Disney pulled every trick in the book to stop voters from having a say. The company used lobbyists, secret texts and ultimately got county commissioners to break their own rules and block the vote … with some of the commissioners breaking the law in the process. So Disney is all for putting “Voters in Charge” ... when the company thinks voters will do its bidding. Otherwise, not so much.

For the original version including any supplementary images or video, visit http://www.orlandosentinel.com/opinion/os-casino-ban-florida-disney-seminoles-scott-maxwell-20180813-story.html

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