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Ukraine, Slovakia and Poland among the hot topics at Prague Gaming Summit 2020

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There is no doubt that some Eastern and Central European jurisdictions are popular among gambling industry shareholders due to their population size and in some cases even the passion of the players in those particular countries.

At Prague Gaming Summit, you have the possibility to catch up on some very informative content about the recent changes in the regulation, taxis and compliance updates coming from Czechia, Slovakia, Poland, and Ukraine.

There is no doubt that the recent taxing changes from Czechia have been in the focus of many operators, but the future doesn’t look so bleak when they consider the growth and recognition of the industry.

However, the most talked-about jurisdictions lately have been the Ukrainian, Slovakian and Polish gambling industry.

Major updates from Ukraine by important operators

Just recently the Ukrainian Parliament has adopted Bill 2285-D in its first reading and paved way for the legislative regulation of gambling in Ukraine.

The bill will now face a second reading, before which further details – such as the tax rate on gambling – may be worked out for inclusion in the final bill.

Once legalized, the market will create thousands of jobs, contribute to both state and local budgets, lead to an increase in tourism, and will help to counter corruption in professional sports.

If passed at the second reading, it will be presented to President Volodymyr Zelensky and if signed will become law.

When it comes to first-hand information about the Ukrainian gambling industry, you have the opportunity to hear more about the licensing scheme, taxes at the Prague Gaming Summit from leading industry operator representatives such as Ievgeniia Derbal (Head of Legal at Parimatch) and Maksym Liashko (Partner at Parimatch).

Make sure to book your ticket now in order to avoid disappointment. The seats are limited and are selling out fast!

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Focus on Slovakia with local knowledge

Diving deeper into the region, Prague Gaming Summit will also highlight the possibilities of expansion into Slovakia and Poland.

The online gambling industry in Slovakia has been the debate for many operators in the region which are all interested in taking their share piece from the small jurisdiction. Nevertheless, Slovakia has some of the most passionate players when it comes to sports betting and casino.

The updates from the Slovakian gambling industry will be presented by Dr. Robert Skalina (Senior Advisor at WH Partners), who is a specialist when it comes to the Slovakian regulation, advising the entry of many of the major European operators.

Reports and opportunities in Poland with leading European Operators and Industry Experts

When discussing Eastern and Central European jurisdictions, we can’t avoid talking about the possibilities and updates of one of the largest jurisdictions in the region. The gambling industry in Poland is considered one of the most competitive and flourishing jurisdictions in the region and has recorded significant growth in the past year. The regulated bookmakers in Poland have generated a combined turnover of €1.58bn in 2019, a 28.8% year-on-year increase but less than the unlicensed market, according to figures from legal association Graj Legalnie.

At the end of last year, the Minister of Finance, Investment, and Development has signed an ordinance amending the ordinance on lottery devices, gaming devices, and slot machines, securing information regarding the organized lottery and obtaining, calculating and paying out winnings.

Pursuant to the provisions of the Gambling Act, only the minister competent for public finances decides whether playing on a given device is a game on slot machines within the meaning of the Gambling Act.

The opinion of the testing entity is only an attachment to the application for issuing the decision. This opinion must contain information that it serves only to issue a decision by the minister competent for public finance.

At Prague Gaming Summit, you have the unique opportunity to hear more about the Polish gambling industry form the legal side and also from the operator’s side.

Kamil Popiolek (Legal Counsel at Superbet) and Piotr Dynowski (Partner/Attorney at Law/Head of IP/Media/Tech&Comms Practice at Bird & Bird Poland) will both share some of the most vital information and investment possibilities the market has to offer.

As mentioned in earlier press releases, the conference will once again bring together a large community of gambling industry experts which vary in the form of operators, software providers, platform, compliance experts, government officials and more.

For constant updates, you can view the Program / Agenda here: https://praguegamingsummit.com/program-agenda-2020/

Besides the quality content, Prague Gaming Summit includes several networking opportunities during the specially designed networking sessions.

REGISTER NOW TO RESERVE YOUR SEAT!

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ThrillTech secures AGCO supplier licence for Ontario launch

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ThrillTech has been awarded a Gaming-Related Supplier licence by the Alcohol and Gaming Commission of Ontario (AGCO), clearing the company to launch in Ontario’s regulated market.

The licence allows ThrillTech to deploy its opt-in side bet jackpots technology with regulated online casino, sports betting and lottery operators across the province.

Benjamin Bradtke, Co-Founder of ThrillTech, said: “Securing our AGCO licence is a major step in our mission to transform how jackpots are delivered at scale across regulated markets. This latest certification is testament to our robust technology and trusted compliance frameworks, allowing us to continue our global growth trajectory. We are thrilled to bring our proven, compliant jackpot technology to Ontario, empowering locally licensed operators to uplift revenue without cannibalising existing spend.”

The company said its “ThrillPots” mechanics sit as an independent, player-funded side bet and do not alter the underlying game’s return-to-player mathematics.

ThrillTech said the Ontario approval enables its existing multinational partners that also operate in the province to launch its side bet jackpots locally, while it also holds talks with potential new operator partners. The company lists its regulated footprint as including the United Kingdom, Sweden, the Netherlands, Romania, Malta, Gibraltar, Brazil and Peru.

The post ThrillTech secures AGCO supplier licence for Ontario launch appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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ThrillTech wins AGCO supplier licence to enter Ontario market

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thrilltech-wins-agco-supplier-licence-to-enter-ontario-market

ThrillTech said it has been awarded a Gaming-Related Supplier licence by the Alcohol and Gaming Commission of Ontario (AGCO), clearing the company to offer its side-bet jackpot technology to regulated online casino, sports betting, and lottery operators in Ontario.

Benjamin Bradtke, Co-Founder of ThrillTech, said: “Securing our AGCO licence is a major step in our mission to transform how jackpots are delivered at scale across regulated markets. This latest certification is testament to our robust technology and trusted compliance frameworks, allowing us to continue our global growth trajectory. We are thrilled to bring our proven, compliant jackpot technology to Ontario, empowering locally licensed operators to uplift revenue without cannibalising existing spend.”

The company said its ThrillPots product lets operators add player-funded, opt-in side-bet jackpots on top of existing games, without changing gameplay or the underlying return-to-player (RTP) calculations. ThrillTech positions the mechanic as a way to drive incremental engagement and revenue.

ThrillTech said the Ontario licence enables existing multinational partners that also operate in the province to roll out ThrillTech-powered jackpots locally, and added it is in discussions with potential new operator partners. The company listed other regulated jurisdictions it serves as the United Kingdom, Sweden, the Netherlands, Romania, Malta, Gibraltar, Brazil, and Peru.

The post ThrillTech wins AGCO supplier licence to enter Ontario market appeared first on Americas iGaming & Sports Betting News.

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EGBA Files Complaint Against Fintech Walletto Over Illegal Gambling Payments

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The European Gaming and Betting Association (EGBA) has filed a formal complaint with the Bank of Lithuania against Walletto, a Lithuania-based payment service provider, over the alleged processing of payments linked to illegal online gambling operators. The complaint follows an EGBA investigation into illegal gambling websites and apps targeting European consumers. The complaint cites test transactions during the investigation that found evidence suggesting Walletto’s services were used in connection with deposits on a number of these platforms.

While the complaint concerns one provider, it points to a wider problem across the payments chain. Illegal gambling operators cannot operate at scale without access to payments – they depend on the same mainstream payment methods and card networks consumers use every day. As long as illegal operators can accept deposits and process transactions, they will continue to function outside legally compliant licensing regimes in the EU, evade regulatory controls, and expose consumers to harm.

Illegal platforms offer none of the safeguards required of regulated operators. Consumers using them do not benefit from basic protections – there is no robust identity verification, no safer gambling tools, no anti-money laundering controls and no guarantee their winnings will be paid. With no effective identity checks, minors and self-excluded players can access these sites unimpeded.

A problem across the payments chain

Illegal operators exploit weaknesses across the payments chain – among payment service providers, acquirers, and card networks – to keep reaching European consumers. Tackling this problem requires a more coordinated approach across policymakers, gambling and financial regulators, payment service providers, acquirers and card schemes. Card schemes in particular are uniquely placed to act: they are the rule-setters for the networks through which payments to illegal platforms flow and have access to transaction-level data that other stakeholders cannot see.

The principle is simple: payment providers should not process transactions for illegal gambling operators. EGBA is calling for stronger action to make that a reality. Financial regulators should fully and consistently enforce existing rules – such as the EU’s Payment Services Directive and anti-money laundering laws – against payment providers. Card schemes should also take the necessary steps to prevent payment providers from using their networks to process illegal gambling transactions.

Maarten Haijer, Secretary General of EGBA, said: “Payment providers should not be allowed to process transactions for illegal gambling operators. Illegal operators flourish by exploiting legitimate financial channels and the mainstream payment networks that consumers rely on every day. Our aim is simple: to leave them no room to manoeuvre, and to cut off the payment channels they use to reach European consumers. Card schemes also have a crucial role to play in combatting illegal transactions: they are better placed than anyone, as they set the rules for these payment networks and see transaction flows no one else can.”

The post EGBA Files Complaint Against Fintech Walletto Over Illegal Gambling Payments appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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