A Look Into CasinoCoin Token Partner Cammegh

Cammegh LTD is based out of Bethersden, England having specialized in the manufacture of roulette wheels for 30 years. Cammegh has developed a deep knowledge of both the established and evolving demands of roulette. They manufacture many different products including roulette wheels, billboard displays, 5 different side bet options, casino software management systems, card tables, roulette tables and gaming chips. Cammegh is known to lead the way in roulette wheel security and integrity, while having an enviable worldwide reputation for continual research and development, outstanding customer service and engineering excellence. This hunger for excellence paved the way for Cammegh to adopt blockchain technology in CasinoCoin, and to make their already superior product even more so.

Cammegh Launched their own closed loop token (CAM) on top of the CasinoCoin Ledger utilizing their tech for an immutable data ledger. Richard Cammegh, Managing Director of Cammegh LTD shared with us:

“We are fortunate to have teamed up with the CasinoCoin Foundation, whose blockchain technology and global understanding of the gaming industry will help deliver the products and a level of service the industry and regulators will demand in the future.”

Closed loop means the token (CAM) will not be traded publicly and will only be used, “in-house” as a currency for their service and maintenance schedules for their customers as well as data transmission from their wheels. Cammegh made a statement in November of 2019 that said, “All service and maintenance schedules as well as associated payments are held on the CasinoCoin blockchain, with payment utilizing the Cammegh Token (CAM). Operators will benefit from improved data verification and fraud protection as a result of the integration.”

Cammegh Wheels will push data with every spin creating an immutable audit trail. The CAM token will be used with every transaction (spin) on the blockchain as well as all payments when service and maintenance is scheduled and completed. This is extremely unique to the gambling floor and will benefit operators, regulators, and ultimately the players by securing data to provide a verifiable result and guard against dealer or back office fraud. Payments and data transmission are a perfect use-case for blockchain technology. Richard Cammegh shared with us his thoughts on blockchain technology in the gambling industry: “The blockchain could not be a better vehicle to service the gaming industry’s need for ever more accountability and traceability, while enabling Cammegh to supply our customers with more diverse products in a global market, across varied jurisdictions in differing currencies.”

The need for accountability and traceability is ever more present in todays gambling sector due to the uncertainty Covid-19 has brought. Covid-19 has shut down most of the world for the better part of 2020. Lack of knowledge from this new virus caused unprecedented circumstances to occur. Countries are just now starting to gain control of the situation and allowing businesses to get back to work. The gambling industry, especially land-based gaming, was hit extremely hard. Casinos had to shut their doors for many months and let go of a number of employees. An example of this is hotel and casino giant MGM Resorts, who furloughed 18,000 employees in the United States and later would permanently lay them off as the hospitality industry struggles amid the coronavirus pandemic. Most casinos are starting to open with new Covid friendly rules in place to ensure safety and welcome players back through their doors.

Cammegh also was forced to close their doors but are now getting back to work at their factory in Bethersdan. The roulette maker is working hard to catch up with their orders due to their unexpected closure.