New online casino BetCoco plans to roll out crypto betting in Canada and Brazil, moves forward with licensing

Online casino brand BetCoco announced it has launched this month with parent company Crystal Wealth Group targeting the crypto betting space across Canada and Brazil, and planning to operate across the globe. The platform offers casino, live casino, sports and esports betting to its customers, as well as incorporating virtual reality rooms for the likes of blackjack, roulette and live sports, so players can immerse themselves in the experience.

The project, led by Mike Fox —former CFO of Thunderbird Resorts—, is part of a team who has over 15 years of experience in launching Las Vegas-style land-based and online casinos in several emerging markets. Crystal Wealth Group was formed in 2022, and BetCoco is the first of "many" brands the company hopes to launch over the next 10 years.

Crystal WG is "aiming to create a new user experience offering 'more thrill' for customers – something they believe many iGaming operators have lost in their brand promotions in recent years", the company explained as it aims "to reward customers through various means such as via loyalty points to redeem special rewards, attractive bonuses, and exclusive offers/tournaments".

BetCoco has so far launched its cryptocurrency offering, with fiat to follow, in Canada and much of Latin America before its services will be provided in Brazil and India. The company currently has a Curacao sub-license as a white label operator, and is in the process of procuring its own Curacao license.

They also plan to procure a Malta and Gibraltar license. They plan to obtain national licenses in Nigeria and Ghana in the short term with long term plans for licensing in certain EU markets, plus identifying parts of Asia and Sub-Saharan Africa as opportunities for the future.

Mike Fox, Chief Financial Officer (CFO) at Crystal WG, spoke in an official press release and said: “BetCoco is a fun brand that offers a fabulous player experience with the leading games and services that the industry has to offer.  Innovation is at the foundation of everything we do through creating the best features to continuously improve our user experience".

“We are launching with crypto, with fiat soon to follow, and are deploying exciting paid media marketing and affiliate campaigns to let the markets know about us. The foundation of our vision is a passion for casino wagering and sports betting backed by very strong operational experience in both land-based casinos, sportsbooks, and the iGaming industry", he added.

“Our plan is based on working with the top providers in the industry to build the best core iGaming platform possible that gives us the launching pad to offer multiple brands to multiple markets. With the market expected to reach USD 154 billion by 2030, we view BetCoco as our first step into this exploding worldwide market where we hope to earn a meaningful share" he concluded.

Crystal Wealth worked in partnership with global marketing and digital specialists Digital Fuel Performance to launch the website of BetCoco. Following launch, Digital Fuel Performance have been appointed to manage full-service digital marketing and acquisition for BetCoco in both fiat and cryptocurrencies.

Nick McClagish, Group Account Director for Digital Fuel Performance said: “Crystal Wealth Group appointed Digital Fuel Performance to advise on and execute all aspects of the launch of their flagship casino brand, BetCoco, with a focus on their digital marketing and acquisition objectives, forming a long-term partnership with the joint objective of maximising revenue growth in a range of territories".

“The Crystal Wealth team match our ambition and belief in the potential of cryptocurrency betting and gaming to grow exponentially. Our specialist digital insight matched with their deep understanding of specific LATAM territories and their needs is a perfect match to support our joint bid to make the BetCoco casino brand the best experience possible for customers globally”, he stated.