Day: July 9, 2021

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XR Casino Aims to Disrupt Online Gambling and Sports Betting Industries through Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR) Technologies

XR Casino – Mixed Reality

Players can set up a casino in any room.

Global Extended Reality Market size expected to grow from 33 billion USD in 2021 to over 125 billion USD in 2026, at CAGR of 30%

US online sports betting market size expected to grow at 50% CAGR to reach 15 billion by 2025

Online gambling market size expected to grow at 11.5% CAGR to reach 127 billion USD by 2027

SAN JUAN, Puerto Rico, July 09, 2021 (GLOBE NEWSWIRE) — via InvestorWire — XR Casino, Inc (“XR Casino” or “The Company”), the first-ever cross-technology, multiplayer, blockchain technology-based online gambling platform for Extended Reality (XR) technologies such as Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR), today announces its MVP release date.

XR Casino – Virtual Reality

Use your favorite VR headset.

The Company is developing the first-ever extended reality platform that will allow users of different devices to play XR casino games with each other. The initial games include blackjack, roulette and slots and will be featured in its MVP version launching on August 21, 2021. Sports betting, baccarat, bingo, craps, poker and keno are in the development pipeline.

The list of supported devices includes Microsoft’s Hololens 1 and 2, Magic Leap’s Magic Leap 1, HTC Vive, Oculus Quest 2, Samsung’s Gear VR and AR-enabled smartphones as well as devices such as the Apple iPhone, iPad and over 39 Android smartphones and devices.

Game features include:

  • Multiplayer Games
  • Private Game Rooms
  • Public Game Rooms
  • Text and Voice Chats

“XR technologies are changing the way we interact with each other and eliminating the need for expensive equipment,” said XR Casino CEO Dan Martinez. “Tech giants such as Apple, Google, Facebook and Microsoft have invested heavily into AR, VR and MR to speed up mass adoption through both hardware and software solutions. XR Casino has first mover’s advantage in providing XR SaaS solutions to online, traditional casinos and sports betting companies. Our solutions create value for the gambling industry and offer competitive differentiation to attract new Generation X, Y and Z players worldwide.”

XR Casino – Mobile Augmented Reality

AR is already enabled in many smartphones including Apple iPhones.

About XR Casino, Inc.

XR Casino, Inc. is the first-ever cross-technology, multiplayer, blockchain technology-based online gambling platform for Extended Reality (XR) technologies such as Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR). For more information visit www.xr.casino.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s website and filings.

Contact:
info@xr.casino
investors@xr.casino

Wire Service
InvestorWire
Los Angeles, California
www.InvestorWire.com
212.418.1217
Editor@InvestorWire.com

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PM Calls for Participation in Planting More Trees and Preserving Forests

Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen has appealed to his compatriots to take part in growing saplings and preserving forests for the interests of people’s lives, communities, and wildlife and biodiversity, which are the wealth of humanity at all generations.
The Premier made the appeal in a short message posted on his official Facebook page this morning to mark the Arbour Day on July 9, 2021.
Samdech Techo Hun Sen recalled the history of this annual event, saying that the festival was created in 1952 by His Majesty the late King Samdech Preah Norodom Sihanouk to encourage people to join hands in reforestation, especially to inspire people to conserve, protect and love the forests and natural environment.
Based on the Ministry of Environment’s record, Cambodia currently has nearly 70 protected areas and biodiversity corridors, including national parks, wildlife sanctuaries, multi-use areas, Ramsar sites, and other conservation sites covering a total of 7.3 million hectares, or 41 percent of Cambodia’s land area.
According to the same source, Cambodia is a biodiversity-rich country with 123 mammal species, 545 bird species, 88 reptile species, 2,308 species of vascular plants, 874 fish species, 24 hard coral species, 14 soft coral species, 10 seagrass species, and 63 species of amphibians, let alone many other plant and animal species that have not yet been studied and identified.

Source: Agency Kampuchea Press

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Cambodians Going Online for a More Convenient and Safer Shopping Experience

Visa, the world’s leader in digital payments, today released research that details the rise of mobile and social commerce and a greater readiness among Cambodians to go cashless.
The Visa Consumer Payment Attitudes study has shown an acceleration in online shopping through apps and social media channels fueled by COVID-19 lockdowns. The pandemic has been a catalyst for growth in online purchases and cashless payments, with more than half of the population (64%) now using delivery services, including 28% first time users during the pandemic.
“A growing number of Cambodians are making their first online purchases and are trying new payment options. Visa continues to roll out innovative payment solutions on consumers’ favorite shopping platforms, including the ability to save their card-on-file to make future purchases fast and convenient without having to worry about the security of their information,” Ms. Monika Chum, Visa Country Manager for Cambodia said.
The rise in online shopping translated into matching increases in mobile and social commerce. Mobile is the more established form of eCommerce used by 56 percent of Cambodians while a third of consumers (33 percent) shop using both web browser and mobile applications. Simplicity seems to be key as 56 percent of consumers show a strong preference for using a single app to handle all their transactions and 44 percent actually doing so with one mobile wallet installed on their phone.
Cashless payments are also being used more frequently to avoid personal contact and the spread of infection. QR code payments and online wallets saw the highest usage at an average six and seven times a month. Instalment payments are also growing with 76 percent of Cambodians showing awareness and 24 percent having paid using installments in the past two years.
The COVID-19 pandemic has accelerated cashless payments adoption in the Kingdom due to the convenience and security they offer. The majority of consumers (70 percent) feel their personal information is at least somewhat safe when making payments with a mobile phone. While 33 percent of consumers tried shopping on social media platforms for the first time during COVID-19 due to it being an exciting experience.
“We are on a long road, but the journey towards a cashless society is a clear possibility for Cambodia. Even as accessibility and ease of use remain top interests, significant growth can be achieved through better product education and continued innovation to provide even more user-friendly solutions,” added Ms. Monika Chum.

Source: Agency Kampuchea Press

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Over 90,000 International Tourists Visit Cambodia in First Five Months

Cambodia registered a total of 91,596 foreigner arrivals in first five months of this year, down 92.2 percent compared to the previous year, according to the Ministry of Tourism.
Of the foreign visitors, Thai tourists topped the list with 46,395 arrivals, followed by the Chinese with 27,693.
Most of the international visitors were tourists, businesspersons, and investors.
Tourism Ministry is now working with Ministry of Health and relevant ministries and institutions to allow tourists already vaccinated against COVID-19 to visit the Kingdom.
This initiative would be implemented in the last quarter of this year. It is aimed to revive the tourism sector hit hard by the pandemic.
Last year, Cambodia welcomed 1.3 million international holiday makers, a year-on-year decrease of 80 percent.

Source: Agency Kampuchea Press

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COVID-19: 988 New Cases; Tally 59,045

The total confirmed cases of the novel coronavirus (COVID-19) in Cambodia rose to 59,045 this morning with the detection of 988 new infections.
According to a press release of the Ministry of Health, of the new cases,199 are imported, and the rest are community cases linked to the Feb. 20 outbreak.
At the same time, 897 more patients have successfully been cured; bringing the total recovered cases in the Kingdom to 50,917.
Besides, the death toll rose to 855 after 30 new deaths were registered.
The first COVID-19 case was reported in Cambodia in late January 2020 in Preah Sihanouk province. The confirmed cases have surged quickly this year due to the Feb. 20 community outbreak.

Source: Agency Kampuchea Press

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