iGaming Industry
Riga Gaming Congress: speaker interview with Steve Donoughue
Steve Donoughue: A well-regulated and taxable industry is the best development option
Running a gambling business abroad not knowing the subtleties of its legislative regulation in a specific country is a huge risk for an entrepreneur. To avoid negative consequences, you should always consult industry experts.
One of them is Steve Donoughue, a consultant on business strategies and policies in the gambling industry. We talked to him about the specifics of his work, unusual situations with customers, and discussed which countries have the most loyal policy towards gambling business.
Steve! Could you please tell us about your responsibilities as a business strategies and policy consultant for the gambling industry?
I do four types of work.
I am a management consultant who specializes in gambling. I do strategic work for operators, such as casino feasibility studies, white papers and market entry strategies. I also provide licensing and compliance advice, so I help people get online gambling licenses in the UK and then advise them on how to stay compliant with UK regulations.
I am also in my final year as a PhD student and I am writing about the Gambling Act 2005, which is the law that governs Britain’s gambling industry, why it happened and the impact it has had. I’ve been researching it for four years and I’m writing the final chapter.
I am the Secretariat of the Parliamentary All Party Betting & Gaming Group. This means I look after 40 members of the British Parliament who are interested in gambling. I arrange a series of seminars that are held in Parliament where we get members of the industry and associated stakeholders to discuss topics of interest to do with gambling in front of an invited audience of Parliamentarians and members of the UK gambling industry.
Over the 20 years of experience, what were the most controversial events that you’ve encountered during your work?
The really controversial stuff is kept secret. A management consultant is like a doctor and keeps his clients’ secrets secret!
The most interesting work I do is when I am advising governments as then you are dealing with the very heart of the big issues about gambling: How much? What kind? Who can provide? Who will regulate it and how? You usually only have one go at it because governments have bigger priorities than just gambling and then there is always the fun of dealing with the anti-gamblers.
Are there any organizations that you’d particularly like to work with in the future?
I would love to work with governments in Eastern Europe because I find the countries fascinating and the people so much fun.
I also like working with governments in the Caribbean!
In your opinion, what European country has the most gambling-friendly policy?
I think the UK is probably one of the best of the big countries but it is getting less gambling-friendly. The wonderful thing about gambling politics is that things never stay the same. It’s like a pendulum, some years countries love gambling, some years they hate it. It depends on the relationships the gambling industry has with the government and also how much gambling has become a political issue.
Small countries, like Malta, which have a large proportion of their economy based on gambling, will always be gambling-friendly.
And if we’re talking about the whole world?
Fortunately, for our business the majority of the world is still developing when it comes to gambling. This doesn’t particularly mean they’re gambling-friendly, just that there are opportunities out there. Hopefully, countries realize that having well-regulated and taxed gambling industries is the best way forward.
What interesting issues will you be addressing as part of your presentation at Riga Gaming Congress?
I hope all I have to say will be of interest! I will be comparing Latvian regulation with the UK and, hopefully, showing how both countries can learn from each other.…
The post Riga Gaming Congress: speaker interview with Steve Donoughue appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: EEGaming.
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.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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