Papers Lounge

What Papers Lounge does

Papers Lounge operates Rainbet, a cryptocurrency-exclusive online casino and sportsbook platform targeting international crypto enthusiasts who value privacy, speed, and digital currency payments over traditional fiat banking. Founded in 2022-2023 and registered as RBGAMING N.V. in Anjouan (Union of Comoros) under company number 16077, the platform serves players globally with restrictions in the US, UK, France, Netherlands, Australia, Austria, Germany, and Spain.

The platform combines a casino product (over 4,200 games from providers including Pragmatic Play, Evolution, Hacksaw Gaming, Nolimit City, Relax Gaming, and Play'n GO) with a sportsbook covering 25+ sports and esports markets. Its technical core is a crypto-only banking system accepting 10 cryptocurrencies (BTC, ETH, TRX, LTC, SOL, LINK, XRP, ADA, BNB, TON) for instant deposits and 24-48 hour withdrawals, complemented by a proprietary "Rainbet Originals" suite using blockchain-based provably fair algorithms for Crash, Mines, Plinko, Limbo, Keno, Dice, and Blackjack. Distribution is self-serve through web, Android app (1M+ downloads), and iOS PWA, with affiliate-driven acquisition across Telegram, Twitter, and Instagram.

Rainbet generates revenue through house-edge margins on casino games and sports betting, supplemented by an affiliate referral program. The platform employs a dual welcome bonus structure (250% across three deposits + 60 free spins, or progressive 100% with no wager lock), 1x AML wagering requirements on all deposits, and operates without disclosed external funding. Customer support is delivered in nine languages with stated 2-hour email response times.

Name

Papers Lounge

Legal name

RBGAMING N.V.

Website

https://paperslounge.co.uk

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

251–500 employees

Short description

Papers Lounge operates Rainbet, a cryptocurrency-exclusive online casino and sportsbook offering 4,200+ games, proprietary provably fair originals, and 25+ sports/esports markets to international crypto bettors. Founded 2022-2023, licensed in Anjouan, serving markets excluding major Western jurisdictions.

Ownership category

akta.pro rank

Product category

Online Casino

NAICS

Other Gambling Industries (713290), Gambling Industries (7132)

akta.pro primary industry

Real-Money Online Casino Operators (RNG Slots & Table Games) (MPAEABAA)

Keywords

• Online casino gaming
• Crypto casino platform
• Sports betting
• Cryptocurrency gambling
• Live dealer games

Headquarters

HQ city

Hamchako, Mustamudu

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Casino Gaming Revenue: Generates revenue through house edge on casino games including slots, live casino, and sports betting. The platform takes a margin on all wagers placed across their game portfolio.
2. Sports Betting Margin: Revenue from sports betting across 25+ sports and esports markets through odds margins on pre-match and live betting options.
3. Affiliate Program: Partners earn commission for referring new players to the platform through promotional codes and referral bonuses.
4. Bonus-related Wagering Requirements: 1x wagering requirement on all cryptocurrency deposits before withdrawal to comply with AML regulations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Papers Lounge operates the Rainbet Casino Platform, a cryptocurrency-exclusive online casino and sportsbook accessible via web and mobile. The platform aggregates more than 4,200 third-party casino games alongside proprietary provably fair originals, plus a sportsbook covering 25+ sports and esports markets. Players fund play using ten supported cryptocurrencies with no fiat options, and the platform monetizes through house edge on gaming and odds margins on sports betting.

Product overview

Papers Lounge operates the Rainbet Casino Platform as a single unified crypto-exclusive online gambling product. The platform combines a casino offering (slots, live dealer games, and proprietary provably fair originals) with a comprehensive sportsbook. Users access the platform via desktop web, mobile-optimized web, or native mobile applications for Android and iOS. The core casino experience includes over 4,200 games from third-party providers alongside Rainbet Originals proprietary games, while the sportsbook covers 25+ sports and esports markets with advanced betting features.

Differentiator

Problem solved

Functional benefit

Brands

• Rainbet Originals: Proprietary provably fair games including Crash, Mines, Plinko, Limbo, Keno, Dice, and Blackjack built specifically for cryptocurrency gaming, allowing players to verify fairness through blockchain technology.

Products and services

• Rainbet Casino Platform Crypto-exclusive online casino and sportsbook offering 4,200+ titles (slots, live dealer, provably fair originals) plus comprehensive sports betting across 25+ sports and esports markets, targeting individual crypto-gaming enthusiasts.
• Rainbet Mobile App Native mobile application for Android (and iOS PWA via Safari) providing individual players with on-the-go access to the full Rainbet casino game library, crypto deposits/withdrawals, live dealer streaming, bonuses, and biometric authentication.

Quantifiable outcome

• Withdrawal processing typically completed within 24-48 hours after KYC verification
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Pragmatic PlaycoreTechnology or IntegrationLeading game provider supplying over 3,500 slot titles and live casino content. Powers the Sweet Bonanza featured in welcome bonus free spins.
• Evolution GamingcoreTechnology or IntegrationPremium live casino provider delivering authentic gaming atmosphere with professional dealers, HD streaming, and multiple camera angles for live blackjack, roulette, and game show formats.
• GamCare (UK)coreStrategic or Co-development PartnerUK-based responsible gambling organization providing support resources and assistance for players experiencing gambling-related concerns.
• BeGambleAwarecoreStrategic or Co-development PartnerUK gambling awareness organization providing information and support resources for responsible gambling practices.
• GamStopcoreStrategic or Co-development PartnerUK self-exclusion scheme allowing players to block themselves from participating in UK-licensed online gambling sites.
• EGBA (European Gaming and Betting Association)coreStrategic or Co-development PartnerEuropean trade association promoting high standards in online gaming with regulatory compliance and player protection guidelines.
• Pragmatic Play LivecoreTechnology or IntegrationLive casino product line from Pragmatic Play delivering live dealer experiences including Speed Baccarat and First Person American Roulette.
• Gamblers AnonymouscoreStrategic or Co-development PartnerInternational support organization for problem gamblers providing peer support and resources for those seeking help.
• National Council on Problem Gambling (US)coreStrategic or Co-development PartnerUS-based organization providing hotline (1-800-522-4700) and support resources for American players experiencing gambling problems.
• Responsible Gambling Council (Canada)minorStrategic or Co-development PartnerCanadian organization focused on problem gambling prevention and support services for players.
• Problem Gambling Foundation of New ZealandminorStrategic or Co-development PartnerNew Zealand-based organization providing support and resources for problem gamblers in the region.
• Gambling TherapyminorStrategic or Co-development PartnerOnline support and counseling service for problem gamblers accessible globally.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Roobet: Roobet is a crypto casino and sportsbook with in-house Originals (Crash, Dice, Mines) and a curated third-party slot library. Comparable to Rainbet on crypto-only banking, Originals-led differentiation, and casual casino positioning.
• BetFury: BetFury is a crypto casino and sportsbook with in-house Originals and a token-incentivized rakeback model. Comparable to Rainbet on crypto-only operation, Originals-led content, and emphasis on bonus/loyalty mechanics.
• Stake.com: Stake.com is the leading crypto-native online casino and sportsbook, offering thousands of slots, live dealer, and sports markets with crypto banking. It is the most directly comparable competitor to Rainbet across product, audience (crypto users), and business model (house-edge on casino + sportsbook margin).
• FortuneJack: FortuneJack is a crypto casino and sportsbook established in 2014 accepting BTC, ETH, LTC and other altcoins. Comparable to Rainbet across crypto-only banking, slots + live casino + sportsbook mix, and international player base.
• mBit Casino: mBit Casino is a Bitcoin-led online casino with slots, live dealer, and sportsbook offerings. Comparable to Rainbet on crypto-only banking and casino-centric positioning, though mBit has narrower altcoin support.
• BC.Game: BC.Game is a crypto-exclusive casino and sportsbook with proprietary in-house Originals (Crash, Dice, Plinko) and a multi-currency crypto wallet. It competes head-to-head with Rainbet on the crypto-casino + provably-fair Originals + sportsbook combination.
• Cloudbet: Cloudbet is a long-running crypto sportsbook and casino accepting Bitcoin and multiple altcoins. Comparable to Rainbet as a multi-crypto casino + sportsbook targeting experienced crypto users, with similar emphasis on odds/edge.
• Bitsler: Bitsler is a crypto casino known for provably fair Originals (Dice, Crash, Roulette) plus slots. Closely comparable to Rainbet on crypto-only banking, in-house provably fair games, and casual crypto-enthusiast audience.
• TrustDice: TrustDice is a crypto casino with provably fair Originals (Dice, Crash) and slots/live casino content. Comparable to Rainbet on crypto-only payments, provably fair Originals, and emerging-market geographic focus.
• 1xBit: 1xBit is a crypto-focused casino and sportsbook offering thousands of games and multi-currency crypto banking. Comparable to Rainbet on product scope (casino + sportsbook), crypto-only deposits, and emerging-market geographic focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/LoungePapers
• Instagraminstagram.com/rainbet

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Papers Lounge