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iGaming Industry

Georgia rethinks online gambling ban plan

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Republic of Georgia rethinks online gambling ban plan

The Republic of Georgia appears to be backing away from threats to impose a total ban on online gambling.

 

In September, Georgian media reported that the country’s parliamentarians were pressing the government to make online gambling explicitly illegal, while more sober minds at the Ministry of Finance explained that such a stance was not only impractical but virtually impossible to enforce.

More recent reports suggest that the government plans to permit online gambling to continue but gamblers would be required to register with the country’s tax service in order to access gambling sites. The aim of this registry appears to be to ensure that online gamblers are at least 21 years of age.

Like many other nations, Georgia’s government appears split on the desire to restrict online gambling’s reach while ensuring the state earns its share of gambling revenue. Georgian MP Levan Gogichaishvilirecently complained that the government is missing out on potential annual tax revenue of GEL 200m (US $80.6m) on the money that currently flows out of the country to internationally licensed online gambling operators catering to Georgian punters.

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Georgia imposed new gambling tax rules as of January 1, 2017 that doubled tax rates on casino, gaming hall, betting shop and online gambling revenue from 5% to 10%, while fixed fees on individual gaming tables and slot machines also increased.

The net result of these hikes was a return to the government of $58.4m in the first half of 2017, one-third more than the government’s gambling tax take in all of 2016. There are an estimated 138 gambling companies of all stripes currently authorized to do business in Georgia.

Some government sources estimate that 500k Georgians enjoy an occasional online flutter, which seems a bit high, given the country’s population is less than 4m. Locally licensed online operators include Adjarabet, Iveriabet and the Georgian state lottery.

In general, Georgia has been taking a dimmer view of gambling’s impact on society. In 2015, the Ministry of Defense announced that servicemen and women could face immediate dismissal for excessive gambling. The government meted out gambling-related punishments against 15 military personnel last year, and another 11 so far in 2017.

The post Georgia rethinks online gambling ban plan appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

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Source: EEGaming.

BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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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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Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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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.

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Canada

SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence

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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.

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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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