Compliance Updates
Rada Misses December Vote on Ukraine Gambling Law’s Tax Code
The Verkhovna Rada has missed its final opportunity to vote on the tax framework required to complete the outstanding technical arrangements of Ukraine’s Gambling Law.
Closing its hearings on Friday 17 December, the Rada held no vote on Bill 2713 – a proposal backed by Ukraine’s Committee on Finance that finalises the tax framework of the Gambling Law.
The vote on Bill 2713 was due to have taken place during November sittings, however, proceedings were rescheduled to a December date – frustrating Ukraine gambling stakeholders that have seen no precedent take place on the matter.
The majority backed proposal sets a flat 10% industry tax rate to be applied across all regulated gambling verticals, whilst further eliminating the previously approved “triple lock licensing fees” that would have been adopted by the Gambling Law.
The mandate of the Gambling Law was approved back in August 2020, ending Ukraine’s decade-long gambling prohibition. Though approved, the Gambling Law lacked outstanding requirements on technical provisions and taxation that required a separate assessment and vote by the Rada.
Since granting the Gambling Law’s federal approval, the Rada has missed multiple deadlines to pass Bill 2713, as its assembly chose to review all gambling tax proposals despite 2713 having the support of Ukraine’s Committee of Finance, Customs and Taxes.
Observing developments, CIS igaming consultancy 4H Agency, stated that Bill 2713 hearings had been put back once again as Rada contended with a logjam of end of year hearings as the government contends the headline issues – COVID-19 Omicron resources and arising Russian military tensions.
“We are constantly monitoring the situation with everything that concerns gambling regulations in Ukraine and today we were expecting it to finally unfold into something more meaningful than another delay,” said Ilya Machavariani, Senior Partner at 4H Agency
“Unfortunately, the Parliament has ran out of time to hear the Bill 2713 today. We’ll see if it finally gets to the voting in two weeks’ time. At the moment, the prospects of that are rather grim.”
Powered by WPeMatico
EGT Digital is proud to announce that it has obtained a licence that allows it to provide its software products in Brazil. The Bulgarian provider was certified by the regulator Secretariat of Prizes and Bets (SPA) and can now offer local operators its rich portfolio of gaming solutions, containing over 120 in-house developed casino titles and the 4 top-performing jackpots Bell Link, High Cash, Clover Chance, and Single Progressive Jackpot.
Tsvetomira Drumeva, Head of Sales at EGT Digital, shared her excitement regarding the authorization: “We are delighted to have the opportunity to present our gaming content to the Brazilian market. Our slots are available to domestic players, ready to captivate them with their numerous fascinating features and provide an unforgettable experience, fully tailored to their tastes and preferences.”
The post EGT Digital is a licensed software provider for Brazil appeared first on Gaming and Gambling Industry in the Americas.
Bettors in Arizona wagered approximately $791 million on sports in October of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 22% increase when compared to October of 2023.
The state collected approximately $2.35 million in privilege fees in the month.
The post Arizona Department of Gaming Releases October Sports Betting Figures appeared first on Gaming and Gambling Industry in the Americas.
7777 gaming has successfully certified 20 of its most popular games for the Peruvian market, aligning with recent legislative updates to enhance and regulate the local gaming environment. The recent developments are a logical step forward in the Peruvian market after securing a supplier license from the Peruvian Ministry of Foreign Trade and Tourism (MINCETUR) earlier last year.
“Peru is a dynamic and fast-growing market, and we’re thrilled to bring our unique games to players across the region. This is an exciting opportunity to establish long-lasting partnerships with local operators and elevate the Peruvian gaming experience.”, said Zhana Aleksandrova, Business Development Manager for Spain & Latin America at 7777 gaming.
Operating fully in compliance with Peruvian regulations under the entity Gaming Innovation OOD, and registered under license number PSV0208, 7777 gaming is set to introduce its portfolio of engaging and diverse online casino games to the Peruvian market. These include fan-favorite titles such as Crazy 100 Bucks, Barbarian, Candy Anyways, Devil’s Deal Soul for Sale, Club Mr. Luck, and many more. Known for their captivating visuals, immersive gameplay, and unique features, these games have already resonated with players in various international markets.
The 20 newly certified games on the market allow 7777 gaming to be live on the leading online operators in Peru and further strengthen its position as one of the most prominent online casino providers in Latin America.
About 7777 gaming:
7777 gaming is an innovative and data-driven B2B igaming provider, founded in 2020 with the mission to revolutionize and challenge the status quo in the industry by offering 360-degree platform, state-of-the-art online casino games, iLottery, Jackpot, and marketing solutions, draw-based games, scratch cards, and much more.
The product is built by a dedicated team of visionaries with over 20 years of experience. The games and the RNG are tested and compliant in several highly regulated jurisdictions worldwide. Besides, the company achieved and maintained ISO 27001 certification. 7777 gaming holds a gambling license in Bulgaria and Romania and an MGA Certificate to provide its online casino games to these markets.
7777 gaming is already partnering with the leading aggregators and platform providers in the igaming industry.
The post 7777 gaming secures certification for first set of games in Peru appeared first on European Gaming Industry News.
-
BacanaPlay.bet.br4 days agoPlayUZU.bet.br and BacanaPlay.bet.br and to make a splash in the brand new regulated Brazilian market
-
bet3655 days ago
Inspired Entertainment Partners with bet365 to Launch Revolutionary Hybrid Dealer Roulette Game
-
Arizona4 days ago
Jackpot.com Launches in Arizona, Allowing People to Buy Lottery Tickets and Scratchers on Mobile Devices
-
Compliance Updates5 days ago
Finnplay secures operator agreements as Finland prepares for regulation
-
Latest News5 days ago
Spinomenal unearths its Egyptian Marvel title
-
Sports5 days ago
VSiN, The Sports Betting Network, Brings its Leading Sports Betting Content to SiriusXM
-
Brazil5 days agoPlay’n GO games now live in Brazil
-
Canada5 days ago
Titanplay Enters the Mobile Market with Delasport’s Turnkey Solution
