The government of Czech Republic has announced its plans to restrict online bonuses and free bets, citing concerns over alleged links between these promotions and problematic gambling.
The Czech Ministry of Finance issued a document detailing its fears over operators’ bonuses, which it says induces customers to new gambling problems, and thus should be strictly controlled.
“The casinos, appealing to instant and seemingly easy winnings, have become a typical coloring not only of the suburbs of the Czech cities, but also of their centers and centers of smaller municipalities, and of all the related socially harmful activities, pose a threat to public order and peaceful coexistence in the village,” says the report, and adds that the Gambling Act that started regulating the market on January 1 extends the range of entities that can operate gambling in the Czech Republic and also allows to operate almost all kinds of gambling through public the Internet.
“Given the fact that gambling is an area of business that carries a negative social cost, as it causes pathological gambling and associated undesirable manifestations in a particular part of the population, a new legal framework has been put in place to improve consumer protection the conditions under which gambling can be run, not only the conditions relating to the direct provision of gambling, but also related activities such as advertising and others,” says the report released on August 25 by the entity, which also specified that the interpretation of the Gambling Act and the application of the law is entirely within the competence of the authority responsible for issuing permits or the implementation of supervision and administrative penalties, depending on the nature of the case. The report also establishes that some type of bonuses might be banned under the Gambling Act.
Czech legislators have been holding a long discussion on gaming legislation for quite some time now, as the government seeks stricter control on the industry. Last month, lawmakers proposed a time limit for players’ participation in gaming services. Operators would have to comply with new amendment, which would set a maximum limit on hour basis.
The post Czech Republic’s Gaming Act: restrict online bonuses and free bets appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Amusnet Gears Up for the Inaugural SBC Rio 2024 in Brazil’s Newly Regulated Market
Amusnet, a leading online slots and live casino content provider, announced its participation in the first-ever SBC exhibition in Brazil, SBC Rio 2024. This milestone event marks a significant moment for the iGaming industry in Brazil, following the country’s recent move to embrace regulation, opening new avenues for operators and content providers alike.
“The new regulatory framework in Brazil is a significant opportunity for leading online casino providers like Amusnet, and we are fully committed to becoming a key player in this vibrant market too. Our goal is to collaborate with all licensed operators in Brazil, providing them with high-quality, innovative gaming solutions tailored to meet the preferences of Brazilian players,” said Daniel de los Rios, Commercial Manager LATAM at Amusnet.
At SBC Rio 2024, Amusnet online casino selection will feature slot games, compiling the most-loved and well-performing titles, such as Hot Deco, Diamond Plus, Extra Crown, Phoenix Star, and Cocktail Rush. Among these, the spotlight will be on the exciting and innovative 20 Golden Coins, which stands out with its Bonus Coins and Reel Nudge features. Moreover, the festive reels of Dancing Dead will captivate visitors with its attractive theme and thrilling bonus features.
In the Live Casino vertical, Amusnet will bring its most popular live games, including Vegas Roulette 500x, Dynamic Roulette 120x, and Live European Roulette. Moreover, the company will unveil its upcoming games, Baccarat and Dynamic Sic Bo, designed with Asian elegance and featuring fast-paced gameplay. Both games will be hosted by entertaining live dealers 24/7, guiding players through the immersive gaming experience.
As the iGaming landscape in Brazil evolves, Amusnet is optimistic about its prospects in the market. The company anticipates a significant growth trajectory by the end of the year, driven by strategic collaborations and the introduction of tailored gaming solutions.
“SBC Rio 2024 is not just an exhibition for us; it’s a gateway to various opportunities in the Brazilian market. We are here to learn, share, and contribute to the burgeoning iGaming ecosystem in Brazil. See you there,” shared Daniel de los Rios.
Digicode Appoints Itai Zak as Executive Director for iGaming Division
Digicode, a leading provider of innovative software solutions, has appointed Itai Zak as Executive Director for the iGaming division. In this role, Itai will drive the growth and strategic direction.
With over 15 years of experience in the iGaming industry, Zak brings a wealth of knowledge and expertise to Digicode. He has a proven track record of successfully leading and scaling businesses in the online gaming sector, gaining experience as the CEO of SBTech, GoWild Gaming, and Spiral Solutions.
Under Itai’s visionary leadership, GoWild Casino not only seamlessly transitioned to a state-of-the-art iGaming platform but also achieved an astounding 450% increase in profitability, driven by Itai’s strategic expansion into new markets and his ability to build and lead a formidable team of over 300 professionals.
At SBTech, Itai was instrumental in redefining the company’s sales, marketing, and business development approach, transforming SBTech into a leading provider of turnkey sports betting and iGaming solutions. His efforts have helped grow the company from 60 to over 600 employees across multiple global locations, with significant year-on-year growth in net profit.
Itai’s appointment is a testament to the company’s commitment to innovation, excellence, and strategic growth within the iGaming sector. His proven track record in navigating complex regulatory environments, coupled with his forward-thinking approach to product and market strategy, positions Digicode for exciting advancements in its iGaming offerings.
“We are thrilled to have Itai Zak join our team. His deep understanding of the iGaming landscape and leadership skills will be invaluable as we continue to innovate and expand our foothold in this dynamic industry. Also, Itai’s proven track record in navigating complex regulatory environments, coupled with his forward-thinking approach to product and market strategy, positions Digicode for exciting advancements in its iGaming offerings,” Max Maslii, President and global CEO at Digicode, said.
In his new role, Zak will develop and execute Digicode’s iGaming strategy, focusing on driving revenue and growth. He will work closely with the product development and sales teams to deliver cutting-edge solutions tailored to the unique needs of iGaming operators.
“I am excited to join Digicode and lead their iGaming division. Digicode has a proven track record of delivering innovative software solutions, and I am eager to contribute to their continued success in the iGaming market,” Itai Zak said.
Pragmatic Play Goes Live with City Center Online in Argentina
Pragmatic Play, a leading content provider to the iGaming industry, is enhancing its standing in Argentina and is now live with City Center Online.
Taking its leading Slots portfolio to the online casino, City Center Online’s players are now set to benefit from leading titles, including award-winning hits like Sugar Rush and Gates of Olympus as well as more recent releases from Pragmatic Play’s ever-expanding portfolio such as Pub Kings and Mustang Trail.
This latest agreement follows a series of partnerships that Pragmatic Play has struck across the regulated LatAm markets, combined with several regional industry awards, further cements its position as the leading supplier in Latin America.
Victor Arias, VP of Latin American Operations at ARRISE powering Pragmatic Play, said: “We are delighted to announce Pragmatic Play’s agreement with City Center Online as the brand continues its upward trajectory and supply even more LatAm operators with its acclaimed, industry-leading titles.
“With Pragmatic Play’s renowned slot library now live on the platform, we are confident they will be a hit with City Center Online’s players, and we look forward to see its content provision expanding even more in the near future.”
Samanta Zio, Online Gaming Manager at City Center Online, said: “The quality and brand recognition that is brought on by Pragmatic Play games cannot be understated and we are delighted to now offer its portfolio to our players.
“Underpinning our commitment to providing premium gaming experiences to audiences in Argentina, we are confident this partnership is a momentous win for City Center Online.”
Hacksaw Gaming Unites with Bulgarian iGaming Powerhouse Top Bet Ltd
Imagine Live Triumphs at SIGMA Eurasia Awards 2024, Crowned “Best Live Casino Provider”
St8.io and Betby join forces to offer single API sportsbook integration
R. Franco Digital catalogue expands on Games Global platform
AvatarUX enters the United States with exclusive launch on Caesars Palace Online Casino in Michigan
GET CHINESE NEW YEAR OFF TO A WINNING START WITH WOOD DRAGON BY BOLDPLAY
Week 5/2024 slot games releases
Rivalry Issues 2024 Business Update
Acquire.bet and Pro League Network Announce Strategic Partnership
BetConstruct Announces the Launch of the B.F.T.H. Arena Awards 2024
gaming1 year ago
ODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
News6 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
EEG iGaming Directory7 years ago
iSoftBet continues to grow with new release Forest Mania
News5 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
iGaming Industry6 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
News5 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
iGaming Industry6 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
News6 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018