Connect with us

Eastern Europe

Ukraine Eases Up Licensing Costs for Gambling Operators

Published

on

Reading Time: < 1 minute

 

Ukraine is going to review a new law that will reduce licensing costs for operators willing to launch in the re-regulated gambling market in the country. As per the new bill, Ukraine would no longer expect from license holders to pay triple fees in the absence of a monitoring system which is still being delivered.

Moving forward, license holders could only have to satisfy much smaller licensing fees, depending on the vertical they wish to operate in. Sports betting firms would have to pay an estimated $1 million to cover licensing fees, from previously over $3 million.

Interactive casino license-holders would pay $250,000 per license as opposed to close to $800,000 under the original proposal, should the new bill pass.

In the absence of a monitoring system, however, license holders would be obliged to carry out an audit and submit it to the Ukrainian tax authorities once the system is rolled out officially to catch up authorities to key metrics that the system is designed to track in the first place.

Powered by WPeMatico

Continue Reading
Advertisement

Bogdan Smeu

CT Interactive Expands In Romania with New Game Launch on Maxbet.ro

Published

on

ct-interactive-expands-in-romania-with-new-game-launch-on-maxbet.ro

Reading Time: < 1 minute

CT Interactive has further expanded its presence in the regulated Romanian market through the launch of new gaming content on Maxbet.ro. The collaboration introduces a selection of top-performing titles designed to boost player engagement and enhance the overall gaming experience across the region.

As part of the collaboration, Maxbet.ro will feature two exclusive titles available only to its players — Kyoto Magic and Fruits & Sweets Buy Bonus.

Martin Ivanov, Chief Operating Officer at CT Interactive, said: “Our collaboration with Maxbet.ro reflects our commitment to developing high-quality content that meets the demands of the modern Romanian player. Titles like Fruits & Sweets Buy Bonus and Kyoto Magic showcase the best of our portfolio – dynamic gameplay, strategic depth, attractive bonus features and excellent math models.”

“We are confident that our exclusive titles will enhance the gaming experience for Maxbet’s players, offering them a richer, more immersive, and engaging journey,” added Bogdan Smeu, Regional Manager for Romania at CT Interactive.

In addition to the exclusive titles, Maxbet.ro will now feature a selection of CT Interactive’s most popular games, including 20 Mega Star, Lucky Clover 10, The Shining Globe, Zet Fruits and Doctor Winstein Buy Bonus.

The post CT Interactive Expands In Romania with New Game Launch on Maxbet.ro appeared first on European Gaming Industry News.

Continue Reading

Bragg Gaming Group

Bragg Rolls Out Premium Content Suite with Napoleon Romania

Published

on

bragg-rolls-out-premium-content-suite-with-napoleon-romania

Reading Time: < 1 minute

Bragg Gaming Group has expanded its reach in Eastern Europe with the launch of its premium content suite with Napoleon Romania.

The company took to social media to declare that the move, as well as strengthening its presence in Romania, “expands our already fantastic partnership with the Superbet Group brand.”

“Napoleon Romania players now have access to a rich portfolio of Bragg’s exclusive online casino content and aggregated online casino content, featuring hit titles like Golden Gal’s Cash Towers, Almighty Pegasus and Big Roar. We’re also celebrating the launch of fan-favourite Royal Seven Deluxe,” the company commented.

The company particularly singled out Linda Zaumane, head of account management and Neill Whyte, Bragg’s chief commercial officer for thanks.

“Their hard work and leadership were instrumental in securing and executing this important launch!”

The post Bragg Rolls Out Premium Content Suite with Napoleon Romania appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities

Published

on

romania-bans-polymarket-over-illegal-cryptocurrency-betting-activities

Reading Time: < 1 minute

 

Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes surpassing $600 million.

ONJN asserts that Polymarket’s “counterpart betting” model – where users wager against each other on future outcomes – falls squarely within the scope of Romanian gambling regulations. The regulator clarified that regardless of whether bets are placed using fiat currency or cryptocurrencies, they are legal gambling activities that require appropriate licensing. ONJN President Vlad-Cristian Soare emphasised that the issue is about compliance with the law, not technology, stating, “It’s about the law, not the platform’s blockchain foundation.”

Although Polymarket promotes itself as an “event trading” platform, ONJN concluded that its operational structure – where users place bets on the outcomes of unpredictable events and the platform earns commissions – meets the legal criteria of gambling. Consequently, Romanian internet providers are now mandated to block access to the platform.

The post Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania