iGaming Industry
German Market Update with Dr. Joerg Hofmann and Austrian Market Update with Helmut Kafka announced for CEEGC2017
With one of the most successful boutique C-level gaming conference coming up this September, it comes as no surprise that its organizers (EEGEvents) have included discussions about the gambling industry in Germany and Austria.
The focus on the two countries have been in the eyes of most operators who are somehow active in these German speaking countries and would like to have a legal presence.
As the German online gambling market has the potential of turning into a highly profitable one, if regulated properly, the country has been in a legislative limbo in regard to its online gambling and betting regulations for almost five years and following the latest regulatory developments. The key question is that, is this state of oblivion and uncertainty likely to continue in the upcoming years? Especially when the elections are just around the corner in Germany and it is high likely that we might see some changes if a new Chancellor is seated in the Parliament.
It was this year, the heads of Germany’s 16 states approved a new Interstate Treaty on Gambling, one that was introduced as a refined version of a 2012 gambling law. Each individual state will now have to pass the legislative piece in order for it to come into effect on January 1, 2018.
Although German lawmakers have clearly worked on amending the Treaty, the amendments introduced were not very welcomed by the European Commission, the EU regulatory body that, among many other things, monitors the process of gambling market regulation in member states.
Such is the case in Austria, where major updates are finally expected to materialize in 2018.
The organizers have decided to invite top names of the industry and both of the keynote speakers are set to join the Central European panel at the second edition of the Central and Eastern European Gaming Conference.
The “Where is the Central European gambling industry heading?” panel is scheduled to be held between 14:00 – 15:00 (Budapest Local Time) on the 19th of September (Day 1) during the second edition of the Central and Eastern European Gaming Conference Budapest. (you can view the full agenda here).
More about the speakers:
Dr. Joerg Hofmann (Head of the Betting and Gaming Group of Melchers Law Firm)
Dr. Joerg Hofmann is the Immediate Past President of the International Masters of Gaming Law (IMGL), the pre-eminent global gambling law networking and educational organisation. He has been consistently ranked as a “Leading Individual” in Gaming & Gambling by Chambers Global since 2011 and is the only German Lawyer listed among “Germany’s Best Lawyers” in the category “Gaming Law” by Handelsblatt and BestLawyers since 2014. Joerg is based in Heidelberg/Germany. He frequently publishes articles in international expert’s magazines and periodicals and speaks regularly on international gaming law conferences around the world.
Helmut Kafka (President at Automatenverband)
More than 35 years internationally busy in the amusement and gambling trade.
Since 1988 expert for the Austrian Chamber of Commerce for gambling and amusement with prices machines (AWP), re-elected March 2015.
Since 1999 member of the British Society of Study of Gambling.
Since 2006 president of Automatenverband.at.
2007 until 2015 first vice president EUROMAT, Brussels and chairman of the legal affairs committee. Presenter and attendant of various international conferences, seminars, congresses Member of the scientific advisory board of the Institut f. Glücksspiel u. Wetten at the University Bonn-Sieg, Germany. 2013: Certificate ‘Excellence in Responsible Gaming’ of the Sigmund Freud University, Vienna.
How to secure your seat?
Early Bird Rate is set for 299 EUR and can be booked with the 50% discount until September the 3rd, 2017. Limited seating! (Online payment, Bitcoin or Bank Wire Available)
Register here: https://ceegc.eu/registration/
For more details visit the official website, www.ceegc.eu or contact the organizers directly by email ([email protected]) or by phone (0040 735 559 234).
Watch this space for more interesting updates about #CEEGC2017Budapest
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The post German Market Update with Dr. Joerg Hofmann and Austrian Market Update with Helmut Kafka announced for CEEGC2017 appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: EEGaming.
Alejandro Navarro
Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform
Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.
Opening Casino Ownership to Everyone
The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.
This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.
“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.
Direct Profit-Sharing Through Tokens
Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.
“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.
Global Growth of Online Casino Ownership
The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.
Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.
The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.
New Opportunities for Investment
Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.
Bradley Khoury
eCOGRA Approved to Operate in Arizona, Indiana and Panama
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct
BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
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