The Czech Republic is to introduce a series of consumer protection laws to its revamped gambling regulations.

Issued by the Czech Ministry of Finance earlier this week, the guidelines require operators to set maximum limits for players on an hourly basis.

According to the Casinoscamreport.com website, these limits must comply and be of a mathematical formula that uses and accepted tool to calculate losses for players.

Limit factors will include the size of a wager, average payout and the number of times a bet is place.

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Earlier this year, the Czech government introduced sweeping changes to gaming laws in the country, with operators now facing tighter licensing processes, such as having to hold an official seat in a European Union or European Economic Area country.

The regulations have led to a mixed response from operators, with a number of major brands having withdrawn from the country as a result.…

The post Czech Government adds new consumer protections to gambling laws appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Source: EEGaming.

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The organizers of Prague Gaming Summit (EEGEvents) an event which is going to take place between 8-9 June, 2017 at Andel’s by Vienna House Prague have recently addressed their audience about the new set of speakers, a brief report on the Finnish market and the signing of the exclusive lanyards and badge sponsor for the event.

Gambling Monopoly should be kept by the State, Finns say

The organizers are pointing out that the Scandinavian region has a rich history when it comes to gambling Finland has the average spending 14 Euros per week on gambling. Around 80% of gamblers in the country are lottery players, but the market is driven by the top five percent who are considered high rollers. That five percent reportedly generates roughly 50 percent of the country’s market. A new study shows that nearly 70 percent of people in Finland want the government to keep its monopoly on gambling. According to an Yle-commissioned poll, there are slightly few options when it comes to enabling remote licensing. These regulations are strongly powered by the citizen’s view, who still prefer the state having control over gambling, despite arguments made in recent years against that setup.

The size of the gambling market in Finland is more than €2.5 billion, which includes lotteries and casino games, both live and online and the most feared high-stakes players over the years are a product of Finland. The include all-time online poker money earner Patrik Antonius, online greats Sami Kelopuro, Jens Kyllönen and Ilari Sahamies, as well as tournament star Juha Helppi.

Finland has a state-controlled monopoly on all forms of gambling: both offline and online. Three different entities are each responsible for a specific form of gaming in the country. These entities also operate the only officially sanctioned gambling sites in Finland.

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RAY is the provider for brick-and-mortar gambling across the nation. It has the monopoly for land-based casinos, table games, slot machines, and traditional casino games such as roulette.

Veikkaus Oy is responsible for the national lottery, sports betting, and instant win games.

Fintoto Oy is responsible for parimutuel horse racing.
In 2017 the best Finnish online casinos are set to have a great year and after conducting a small overview we have found that the same goes for other games available on mobile.

The Finnish market witnessed a first when it comes to gaming companies going public. Finnish company Next Games became the first Finnish gaming company to go public and it happened this year in March. According to a report from Reuters, the final subscription price was of EUR 7.90 per share and the IPO stabilized at 4,376,530 shares with gross proceeds from offering at approximately EUR 32.8 million.

To hear more about the online gambling market of Finland and to gain advantage to discussing directly with one of the regulators of the Finish market, make sure you book your seat for Prague Gaming Summit by submitting your details here: https://praguegamingsummit.eu/register/

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BetConstruct as lanyards sponsor of Prague Gaming Summit

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The organizers have also announced their new signing as a supportive sponsor of the event and the lanyards and badge sponsor of the inaugural Prague Gaming Summit in none other than BetConstruct.

BetConstruct has over the last year shown a great commitment to bringing together industry peers and helping spread information about regulatory updates and hot topics. The award-winning developer and provider of online and land-based gaming solutions currently has service centers in 14 countries and offers innovative and proven offerings with an extensive range of market-leading products and services, including Sportsbook, eSports, Sports Data Solutions, Retail Betting Shop Solutions, RNG Casino Suite & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more.

Introducing more speakers for Prague Gaming Summit: Darren Moore, Yoav Dotan and Jaka Repansek

As part of their ever growing presence in the online gambling events industry, the organizers aim to create some of the most interesting debates at their conference, thus aren’t holding back for Prague Gaming Summit either. They promise a great show with many important facts being mentioned by some of the biggest names in the online gambling industry. The Summit will also bring together some of the new names of the online gambling industry who bring a new and fresh approach of doing things.

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Both cases apply for the speakers announced below:

Panel: The Benefits of the European Gambling Laws (8th of June – 11:30 AM – 1:00 PM – Prague Local Time)

Yoav Dotan – Founder of Genesis Gaming

Yoav is a graduate of the Tel Aviv University (TAU) Bsc and IDF (Israel Defense Forces) Mamram graduate – computer programming and system design and architecture. He is also know as a serial entrepreneur, advisor and director to companies dealing with technology .

Returned to Israel from NYC in 1999, following several years of working in Technology sector, where he has worked with Tradal who later evolved into Empire online- an online marketing company focused on gaming later went public in AIM.
He is also the co owner of Earthquake media – a marketing company focused on gaming. Partnered with success with 888, Sportingbet, PokerStars, Party Gaming, Playtech, Microgaming. The company is ranked among the top 3 gaming marketing  companies.
But this, doesn’s stop here, Yoah is also the co-owner of Bingohall(one of the largest bingo operators), the founder and co-owner of Genesis Global(online casino operator – operate casino brands such as Spinit.com and Casinocruise.com.).

In a recent interview conducted by CalvinAyre.com at Vienna International Gaming Expo, Yoav referred to himself a medium sized operator and said “we are operating on Maltese and UK licenses currently because the tax and regimes in places like Czech Republic don’t make sense for us”.

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He confirmed Holland, Sweden and Germany are markets he’s keeping his eyes on for the future, assuming the tax will be reasonable.  However, he described keeping track of a variety of regulatory regimes around the EU as “a big headache” and said he would prefer one unified license for the EU, but recognizes this is not likely to happen.  “But that’s my wish”, he said.

He pointed out how monitoring so many markets and regulations takes away from innovation and addressing customer needs, two of the most important focuses for his organization.

Panel: The Benefits of the European Gambling Laws (8th of June – 11:30 AM – 1:00 PM – Prague Local Time)

Jaka Repanšek – LL.B, MBA, Founder and Managing Partner of RePublis d.o.o.

Jaka has worked for various TIME (Telecom, Internet, Media, Entertainment) companies since 1996. He is recognized as one of the leading experts on gaming and media law in Slovenia. After graduating from Greenwood High School (Springfield, Missouri, USA) in 1992, Jaka graduated from the Faculty of Law at the University of Ljubljana, Slovenia.
He gained his graduate degree from Cambridge University in England and Faculty of Law in Ljubljana (Diploma in European Community Law) and completed two-year MBA graduate studies at the University of Kansas in USA. Jaka is an active member of IMGL (Slovenia) and a member of several other domestic and international organizations and is active also as lecturer in various seminars and conferences.

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Panel: Affiliates in regulated markets (9th of June – 9:30 – 11:00 AM – Prague Local Time)

Darren Moore – Founder & Director of Betting Gods Ltd

Former professional gambler, Founder and Director of Betting God Ltd,  Darren runs the company with great energy and is the leading provider of professional sports betting content. Darren is a self-confessed chocaholic who spends half of his time in the mediterranean island of Gozo, and the rest in the UK.
Betting Gods is what I refer to as a tipster stable. This means that it is an online service that brings together a number of different tipsters under a single platform (the same roof).
This allows Betting Gods to manage their tipsters’ services, market them and most importantly for you as a punter, ensure that the best quality tips are made available.
Since starting Betting Gods, Darren Moore has gone on to feature on Richard Branson’s Virgin Pioneers – read the interview here.

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Delegates can reserve their limited seats at an Early Bird Rate of 250 EUR(-50%) until 28.05.2017 by registering on the official website of the event: https://praguegamingsummit.eu/

…or by choosing your delegate package(delegate passes with accommodation at the official hotel) here: https://praguegamingsummit.eu/register/

For more details about the event, you can contact the organizers directly by e-mail on the following e-mail address: [email protected] or by phone on +40 726 388 370.

Make sure you check back for more updates about Prague Gaming Summit.

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