Connect with us
Prague Gaming & TECH Summit 2024

iGaming Industry

Ukraine urged to get a move on with gambling regulatory update

Published

on

Ukraine urged to get a move on with gambling regulatory update

Ukraine’s Attorney General has restated his approval of the country legalizing gambling, but operators are growing impatient at the slow pace of regulatory change.

 

Last week, Ukraine’s Attorney General Yuriy Lutsenko paid a visit to the town of Uzhgorod, where he staged a mock raid on an illegal gambling den and accused local officials of protecting the proprietors. Lutsenko insisted he wasn’t anti-gambling, but insisted that operators must obtain the government’s formal blessing.

Trouble is, Ukraine currently doesn’t permit legal gambling, having banned pretty much everything except lotteries in 2009. Legislation that would have legalized both land-based and online gambling was floated in 2015, but its unpalatable combination of high fees and other licensing restrictions left would-be licensees unimpressed, and the legislation was ultimately scrapped.

In April, Ukraine’s government offered assurances to the International Monetary Fund that the country would have a viable gambling regime in place by 2018, in keeping with the terms of the IMF’s economic aid package. Industry stakeholders offered to help the government craft more viable legislation but tangible signs of legislative progress remain elusive.

Advertisement

Last month, businessman Oleksandr Yaroslavsky, considered one of Ukraine’s 10 richest individuals, publicly rebuked the government for dragging its heels on reforming the country’s “shadow” gambling market, which he claimed was worth “about half a billion dollars.”

Yaroslavsky also reminded the government that it had required him to include a casino in the plans for his Premier Palace Hotel in Kharkiv prior to the country co-hosting the UEFA Euro 2012 football tournament. But despite having invested $12m to incorporate a casino into the hotel’s design, Yaroslavsky said “the requisite facilities remain idle.”

 

UGS 2017

Stay up to date with the latest developments by attending the Ukrainian Gaming Summit 2017. The seminary type conference is scheduled to be held on the 17th of November at the Hyatt Regency Kiev. The Summit will give way for the delegates to network with regulators, gaming experts, operators, software providers and investors.

Advertisement

A special report will be given about the Ukrainian gambling market and about the possible amendment that will take effect in 2018. The Summit will also focus on bringing a wealth of information about regulation, responsible gambling and technology from Eastern European region with world class speakers and regulators sharing their updates and advice.

 

register-now-ugs-2017 Ukraine urged to get a move on with gambling regulatory update

 

 

Ukraine’s online gamblers certainly aren’t sitting idly by waiting for their government to act. The Internet Association of Ukraine (InAU) recently published an online traffic report for September, which identified Russian bookmaker Parimatch as the 16th most-visited website, with roughly one-quarter of Ukraine’s online population paying the site a visit last month.

Advertisement

Parimatch’s international marketing director recently announced that the company had seen its Ukrainian online customer base grow by nearly 30% in just the past year. The average bet per Ukrainian customer was just $5, with 60% of wagers made on football, followed by basketball (11%), tennis (10%) and hockey (5%).

Ukraine’s parliament intends to discuss its draft budget for 2018 at a meeting scheduled for October 19. The government has planned for 3% GDP growth next year and recently suggested that it was “open for any proposals” that would spur the “development and success of international and local business in Ukraine.”

The post Ukraine urged to get a move on with gambling regulatory update appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Advertisement

Digicode

Digicode Appoints Itai Zak as Executive Director for iGaming Division

Published

on

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.

Advertisement

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.

Advertisement
Continue Reading

City Center Online

Pragmatic Play Goes Live with City Center Online in Argentina

Published

on

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.

Advertisement

“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.”

Continue Reading

iGaming Industry

Pragmatic Play Adds TriunfoBet to Growing List of Latin American Partners

Published

on

pragmatic-play-adds-triunfobet-to-growing-list-of-latin-american-partners

 

Pragmatic Play, a leading content supplier to the iGaming industry, will soon bring its dynamic multi-product portfolio to more customers with Venezuelan operator TriunfoBet, encompassing its Slots, Live Casino, and Virtual Sports offering as part of the deal.

The supplier has continued to build on its impressive Live Casino offering with the launch of Treasure Island. The action-packed gameshow follows in the footsteps of similar hit titles such as Sweet Bonanza Candyland and Snakes & Ladders Live which are also fan favorites across LatAm.

In addition, casino classics such as Roulette and Blackjack will be brought to an even wider audience in the region thanks to this latest tie-up.

Pragmatic Play’s renowned Slot portfolio will promptly be available for TriunfoBet players to enjoy including new titles such as Gates of Olympus 1000 in addition to Christmas-themed versions of its player-favourite franchises including Big Bass Christmas Bash and Sugar Rush Xmas.

Advertisement

Rounding off the collection is Pragmatic Play’s Virtual Sports which delivers cutting-edge 3D renderings of popular sports betting markets that match real-life equivalents across horse and greyhound racing, football, and motorsport.

The new agreement with TriunfoBet further boosts Pragmatic Play’s profile across the LatAm market as it cements itself as the industry-leading supplier in the region.

Victor Arias, VP of LatAm Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play’s content has become a household name in LatAm, and we are confident that TriunfoBet will achieve similar levels of success as other partners. The LatAm market continues to be a key area of expansion for Pragmatic Play, as evidenced by the consistent stream of new partnerships launched each month. TriunfoBet is the perfect addition to Pragmatic Play’s growing portfolio of partners in this region.”

Luis Lizarazo, CEO of TriunfoBet, said: “We strive to provide our players with an exceptional experience on our platform, and our latest partnership with Pragmatic Play allows us to significantly enhance our offering with their extensive range of products. Pragmatic Play’s remarkable growth in Latin America has been truly impressive, and we are thrilled to be among their latest partners. We are confident that their Slots, Live Casino, and Virtual Sports will be met with the same resounding success they have garnered worldwide.”

Advertisement
Continue Reading

Trending