• RISQ Ups Jackpot Potential to £25 Million

    27 October 2017

    Risq ups jackpot potential to %c2%a325 million

    The London-based tech company, RISQ have launched an unprecedented insured random number generator platform with scalable jackpots up to £25 million. The framework can be applied to any kind of game including slots, lotteries, instant win, bingo, keno, and even random jackpots or side bets for table games. The insurance-backed solution is not game-specific and can be scaled and tailored to any operator's needs.

    Integration is simple, according to a press release from the company Friday, and offers flexible jackpot totals, variable pay tables, and adjustable odds which will allow operators to build their own games.

    Jackpots Backed By Insurance

    Rather than being dependent upon cross-network liquidity like network progressive jackpots with contributions from operators and ultimately players, the jackpot is covered by insurance, which offers a risk-free way for betting and gaming brands to recruit and retain players. 

    Jackpots Could Reach £100m

    Today's announcement ups the ante from £10m to £25 with the company saying there are plans to eventually raise the limit to as high as £100m. The RNG and IT infrastructure under the £10m jackpot solution has been audited and certified secure by KPMG and tested for fairness and approved by leading quality assurance specialists SQS.

    Knockout Combination

    The product is strictly B2B, meaning RISQ has no plans to deploy their own games on the platform directly to consumers. The company's B2B Director, Tom Mitchell called the platform a game changer and said: "In a market where demand for huge, scalable jackpots is increasing, our Jackpot RNG delivers a knockout combination of cutting-edge technology, tailored development, and sophisticated risk management. 

    "No matter what game is chosen to utilise its framework, jackpots have a proven and unique ability to deliver new customers, build loyalty, enhance retention, and facilitate expansion into new markets."

    Licensed And Certified

    In addition to the platform's RNG and IT certifications, RISQ is licensed by the UKGC and Alderney Gambling Control Commission and hold an insurance license giving them access to wholesale insurance pricing and A-rated insurance limits of up to £250m. The company also offers hedge bets and insurance on more than 50 lotteries worldwide. This betting is different to simple lottery messenger services such as those offered by thelotter, wherein an agent travels to lottery retailers and buys tickets in person for players.

    RISQ has a unique corporate structure and proprietary technology that the company says will allow game developers, platforms gaming site operators, and even affiliates a chance to access flexible and scalable jackpots.

    Sources

    Square in the Air, Press Release, RISQ launches £25million jackpot RNG 10-27-2017

    RISQ Website, Google Cache 10-26-2017


    Related News

    • 24 October 2017

      Foxium Signs Exclusive Deal With Microgaming Quickfire

      It was announced less than a month ago that game developer Foxium had accepted a deal with Velo Partners, giving them access to RNG Foundry assets including distribution, technical resources, and equity investment to move the company's unique product line forward. Today Microgaming Quickfire has announced that Foxium has chosen the company's platform in an exclusive deal brokered by RNG Foundry.

      Read full article
    • 03 October 2017

      Foxium Inks Investment Deal With Velo Partners

      In a deal that will see the game developer, Foxium, gain access to RNG Foundry’s team and network, Foxium has announced that they have accepted an offer for an undisclosed amount of investment capital with one of the UK’s most active gaming investors Velo Partners. Foxium is an innovative game developer with design studios based in Tallin, Estonia. The rapidly growing company also has offices in Sweden. The studio was founded in 2015.

      Read full article