(CBTC) ACQUIRES BIT777, PEERBET (Havelock Investments ticker symbol: CBTC) today announces the acquisition of popular Bitcoin Gaming properties,, and from Ultraplay, Ltd. Terms of the deal have not been disclosed. (CBTC) was the first Bitcoin-only gaming establishment to offer unique, provably-fair games along with a full Sportsbook. Operating successfully since May 2013, they offer HTML5 Blackjack, Roulette, Baccarat, Video Poker and Hi-Lo in their Casino.

Bit777 is a Bitcoin-only Casino, designed by Ultraplay Ltd, offering over 50+ flash-based games and have taken in over 1 million bets! is a popular community-based Bitcoin Gambling site offering chat, raffles, a proprietary “Wheel” game, dice, and more., an offshoot of, is a unique new community “versus” style dice game with only a 0.3% house edge. Players select their rolls and bet against each other on the site. Since launching February 1st, the site has already supported over 250,000 P2P games.

CasinoBitco. in first announced their goal of growth via an acquisition on Havelock Investments in December 2013. Since then, has been in negotiations with Ultraplay and other Bitcoin Gaming operators looking for a deal favorable to all parties involved. Ultimately, the acquisition of Bit777/Peerbet was a the best fit for not only due to the strong financials Bit777/Peerbet bring to the table, but also the opportunity to bring awareness of to over 15,000 registered users on Bit777/Peerbet. is extremely excited to add Bit777/Peerbet to their current assets and eagerly looking forward to integrate all sites under the brand

Ultraplay will continue some involvement in operations of the acquired properties for the foreseeable future, and there is no immediate impact to players on Bit777/Peerbet. ultimately intends to merge many of the feature and functionalities between the various sites over the next 6 months to build the largest and best Bitcoin Gaming network around.

NFL Suicide League Update – Nov 10th

In the free league, everyone is on the Titans – so if they lose, that means everyone still moves onto the next week.

In the paid league, we have 2 players on the Giants and 1 player on the Titans – if both teams lose, everyone will still move onto the next week. – Bitcoin Gambling Market Analysis

Bitcoin Gaming Market Analysis – November 8th, 2013 – by Staff

With our upcoming raise, and recent up-and-down results, we feel this is a good time to clarify our overall expectations for growth and other market share, and why is still a “steal”!

Through in-depth research of both public and private bitcoin gaming data, we’ve been able to make several estimates and forecasts on the market, as it relates to our growth.

Over the coming months, we strongly believe we’ll be able to encourage growth by targeting several areas for improvement, including additional table games,live-in game sports wagering, additional P2P options, better reduced juice, slot & progressive games, referral/affiliate program, additional sportsbook options, VIP/rewards program, and translated versions of our website. We also launched a poll to confirm our thoughts on these items, available here: Link

The purpose of this report is to focus on sportsbook and casino markets, although we are considering exploring development options for “dice”/community-driven players, but need to do more research before investing resources on that effort.

Sportsbook versus Casino

Sportsbook: More centralized market, with roughly 6 sportsbooks possessing roughly 90%+ of market share. has the potential to be the only top player crossing over between both the bitcoin casino and sportsbook space. We’re confident we’ll crush our sportsbook growth goals with more reduced juice, affiliates launch (~2 weeks), and in-game live betting (4-5 weeks). These results are supported by our recent survey on the bitcointalk forum. We currently posses roughly 2.5%-5% market share in both markets, as reflected for sports below. We plan to achieve similar growth in the more fragmented casino market, which has roughly 2x the market earnings of sports. “Dice” is probably even higher, but remains to be determined.


Most important and difficult to predict is the growth of the bitcoin gaming market. We attempted to do so in the chart above based from a roughly estimated ~10% monthly growth rate, but this number could change or increase dramatically from month to month, as we’ve seen with the popularity of bitcoin lately.  Below are some rough estimates of bitcoin sportsbooks handle compared to the larger market, to illustrate the opportunity in the space:

  • Sports wagering as a whole: $1 trillion annual

  • Online sportsbooks: $100 billion annual (10% of all)

  • Nevada sportsbooks: $3.45 billion (3.45% of online)

  • Bitcoin handle: $100 million (2.9% of Nevada sportsbooks)

Below are tables showing Bitcoins earned and on annual basis, illustrate revenue per share, based on buy-in price. This forms the pool we can use for company, expenses, re-investment and dividends.

Today – Annual BTC versus annual EPS% based on market share & CBTC price

Market Share/CBTC Price




















July 2014 (estimate):

Market Share/CBTC Price




















What’s next?

We hope this analysis exemplifies the great potential and bitcoin gaming posses, with some generalized market and growth estimates. Even the conservative estimate of 5% market share represents an excellent opportunity, but our expectations are much higher. .

Questions or inquiries regarding CBTC on or are encouraged to email us at [email protected].

We’ll be releasing additional shares at a very reasonable valuation over the coming weeks, starting Monday, November 11th at a price to be determined – stay tuned on our CBTC “Updates” tab for details: Link

**Monday offering price is subject to change based on the BTC price on 11/11. An update will be communicated early in the morning if the asking price has changed.

A big thank you goes out to our current investing community. We appreciate the great patience and support you’ve provided on this exciting journey so far!

Introducing NBA and Hi-Lo!

Introducing’s newest bitcoin gambling casino game, bitcoin Hi-Lo!

Hi-Lo is a fun & addictive game, friendly for players with all levels of experience. It’s simple – just bet with bitcoin whether the next card coming will be lower or higher.

Login & come check it out at:

Also, we just posted a new league, as you might have guessed… bitcoin NBA basketball betting!

Now you can bet on NBA with bitcoin, including 1st and 2nd halves.

We also introduced a new homepage skin to celebrate NBA opening day. Comment and share your thoughts!