Connect with us

News

Belarus to formulate new rules for gambling

Published

on

Belarus to formulate new rules for gamblingReading Time: 2 minutes

Belarus is all geared up to formulate a new legal framework for gambling and online casinos in the country. Belarusian Tax and Duties Ministry has already formulated a draft decree. It is awaiting the Parliament’s approval.

The head of the Ministry Sergey Nalivaiko said that the draft document would provide for an increase in the age limits for visiting gambling establishments from 18 to 21 years. Visitors of casinos, including online ones, will be prohibited from borrowing other visitors, as well as gamblers, money (including electronic) or their equivalent (chips, tokens, etc.) for gambling.

Also, the document provides for the legalisation of online gaming in the Republic of Belarus.

It creates the possibility of recognising on a contractual basis the results of tests and examinations of models of slot machines, as well as virtual gambling establishments conducted by foreign authorised bodies (organisations).

It is planned to take additional measures aimed at improving the conditions for gambling operators. In particular, administrative procedure for registering taxable items (like gambling machines, gaming tables, cash desks of bookmaker’s offices) is planned to be cancelled. Accounting of this equipment will be made through connections to a special computer cash system (CCS), allowing to pay tax on gambling in a fixed amount, based on the actual connection of gaming equipment to the CSK, which provides control over the turnover in the field of gambling.

For those operators who use the gaming equipment for less than 15 calendar days in the tax period, it is proposed to reduce the fixed rate of tax on gambling by 50 per cent. As a rule, these are new gambling operators, organisers of poker tournaments, or those who modernise the gaming equipment or repair it.

For totes and bookmakers, which operate online, there will be a transitional period – two years from the date of entry into force of the provisions of the draft decree. During this period they will be able to carry out activities on the basis of a special permit (license) issued prior to the entry into force of the decree and thereby adapt to the new requirements for online operators set by the decree. It is proposed to introduce obligatory expertise and certification of the information security of online gambling.

“At this stage, considering the planned legalisation of online gambling and additional investments needed to organise a new type of activity in the gambling business, the Ministry of Taxes and Duties does not plan any changes in the taxation policy of this activity,” – Sergey Nalyvayko specified.

Thus, fixed rates for gambling tax are planned to be maintained for the next three years without changes, at the level of tax rates established for 2018.

 

Source: belta.by


Source: European Gaming Media Latest News

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

News

Record Loss for Russian Bookmakers In The World Cup Final

Published

on

Record Loss for Russian Bookmakers In The World Cup FinalReading Time: 1 minute

In the 2018 World Cup final, France defeated Croatia and won the world championship for the second time in its history. Deputy General Director for Trading BC “League of Stakes” Maxim Afanasyev said that the match was a record loss for Russian bookmakers.

“We recorded a record for the loss – 3.5 times more than at the Champions League final. They played all the outcomes, which were mostly put by the clients: the victory of France, the handicap (-1.5) for the French, both will score, goals in both halves, and, of course, all conceivable and inconceivable totals, ” said Mr. Afanasyev.

He also noted that the final match was probably the most record on payments in the entire bookmaker industry.

“The loss on the Russian market from one final match, according to my estimates, is about $ 100 million,” the expert believes.

In the final match of the 2018 World Cup, France defeated Croatia 4: 2.


Source: European Gaming Media Latest News

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Continue Reading

News

Roundtable discussion on Romania’s current gambling issues

Published

on

Roundtable discussion on Romania's current gambling issuesReading Time: 2 minutes

The Association of Distance Gambling Organizers (Asociația Organizatorilor de Jocuri de Noroc la Distanță) and Casino Inside offered an exciting event

 

The Association of Distance Gambling Organizers (Asociația Organizatorilor de Jocuri de Noroc la Distanță), a representative association of the largest and most respected authorized gambling operators in Romania, held the first working meeting last month in the Fortuna Hall of the Intercontinental Hotel, Bucharest dedicated to the latest developments in the countries gambling regulation.

The meeting was honored by the presence of several officials:

  1.    Liliana Kleininger, Vice-President of the Competition Council
  2. Daniel Staicu, President of ONPCSB
  3. Lilian Onescu, Secretary General ANAF
  4. Rodica Tuchilă, ARB Executive Director
  5. Mihăiţă Ruiu, Director of Authorization Division, ONJN
  6. Tudor Simota, Director of Control Department, ONJN
  7. Alexandru Enăchescu, Chief Commissioner, Economic Police
  8. Dana Cristina Matache, GDPR Expert, lawyer
  9. Iulian Matache, GDPR Expert, lawyer
  10. Monica Gubernat, Member of CNA
  11. Odeta Nestor, President of ADGO
  12. Dr. Sorin Constantinescu, gambling expert

The Roundtable discussion was a good opportunity for authorities, gaming operators and media outlets to be together and to discuss and share information, ideas and opinions about the latest and upcoming trends in the industry.

“There is a need for industry to continuously participate in debates and to support authorities in improving the regulatory framework,” said Odeta Nestor, ADGO President. “We are a success story at European level, and the effects are particularly good, reflected by players’ satisfaction and the contribution of the field to Romania’s economic development,” added Nestor.

Organized in partnership with CasinoInside, the event approached subjects such as:

  • Competition in the gambling industry
  • Problems encountered by gaming operators in relation to banking institutions in our country
  • Latest Tax Changes in Gambling
  • Draft Law on the Prevention and Combating of Money Laundering and Terrorist Financing on Transposition of
  • EU Directive 2015/849 into national legislation
  • The CNA Order on Gambling Advertising
  • Implementation of the General Data Protection Regulation.

In conclusion, the event organized in June at the initiative of the Association of Distance Gaming Organizers (ADGO) was a majir success and arose from the continued need of our gaming industry to discuss and debate the stringent issues of this moment and willingness to support state authorities to improve the current regulatory framework.

The gaming industry has reached a high level of transparency and regulation precisely because of this type of events.

 

Source: casinoinside.ro


Source: European Gaming Media Latest News

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Continue Reading

News

Northern Cyprus to remove casino gambling ban on residents

Published

on

Northern Cyprus to remove casino gambling ban on residentsReading Time: 2 minutes

Northern Cyprus authorities are planning to remove a long-standing ban on its Turkish Cypriots to engage casino gambling.

Discussions are believed to have been triggered by the recent opening of a casino in the Republic of Cyprus’ city of Limassol. According to media reports, Northern Cyprus officials have expressed concerns that Turkish Cypriots could feel tempted to cross the Green Line (the United Nations Buffer Zone that separates the two parts of the island of Cyprus) and visit the new gambling venue.

While it was only last month that the Republic of Cyprus opened its first legal casino, Northern Cyprus has long been home to flashy gambling facilities.

However, residents of the northern portion of the island are prohibited from visiting and gambling at the local casinos.

Hong Kong-listed gaming and hospitality giant Melco opened late last month its temporary casino in Limassol, while a larger integrated resort is under construction in the city. The facility features 242 slot machines and 33 gaming tables. Melco said yesterday that Cyprus Casinos or C2 as the property is branded welcomed more than 34,000 unique visitors during its first three weeks of operation to beat owners’ expectations.

According to reports from Turkish Cypriot news outlet Haberal Kibrisli, Northern Cyprus Finance Ministry Serdar Denktash has revealed that discussions over the potential lifting of the casino gambling ban have been taking place.

However, in a separate rollout of reports, Kudret Ozersay, Foreign Minister of the Republic of Northern Cyprus, has denied the move on social media. The official has pointed out that there were no such plans and that there was no need for such reports to be spread around.

Mr. Ozersay further explained that instead of offering residents of Northern Cyprus a free entry into casinos, the government should introduce stricter controls at the gambling venues and stricter license conditions as well as increased taxes.

Another local news outlet, Vatan, has cited the leader of the United Cyprus Party, Izzet Izcan, saying that Turkish Cypriots should not be encouraged to gamble at casinos and that the Prime Minister of the republic should clarify the ongoing debate.

Aside from its temporary casino in Limassol, Melco is also set to open four satellite facilities across the Republic of Cyprus, with the first two of these likely to be launched by the end of the year.

 

Source: casinonewsdaily.com


Source: European Gaming Media Latest News

Receive a weekly news digest of the most important news

Signup now and receive an email once a week which includes the main titles of the industry from Europe, Americas, Asia, Africa and Russia.

I agree to have my personal information transfered to MailChimp ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Continue Reading

Trending

%d bloggers like this: