iGaming Industry
Exclusive Interview with Iryna Sergienko, CEO of the Ukrainian Gaming Industry Association
Iryna is the CEO of the Ukrainian Gaming Industry Association since August 2016 and also a Board Member of the All-Ukrainian Union for bookmaking development from 2014
As an Attorney at Law, her specialization includes gambling, IT – business and sports law. A member of the Interagency Working Group for consideration and resolution of problematic issues in the field of gambling and lotteries (2015).
Consultant of Committee of the Verkhovna Rada of Ukraine on Family, Youth and Sports issues. Member of the Committee on Ethics and Fair Play of the Foot-ball Federation of Ukraine. Author (co-author, editor) publication “Legal regulation of gambling business. European experience. Practices in post-soviet countries. Perspectives for Ukraine” (Eng, Ukr. 2015)
Participant (speaker) of numerous specialized international conferences on issues of legal regulation of gambling., partici-pated in the draftng of Tax Code of Ukraine in the version 2014 in part of tax issues for the gambling industry.
What is the key mission of the event, since there are many rumors that the market will be opened for licensing in 2018?
Iryna: Ukraine today has come to the crucial point in legalization of the gambling industry. There is more and more understanding that this business should be transparent and profitable for the investors, the State and society.
The Summit is designed as a platform where the experts, officials and businessmen from across the world can share their ideas and experience on how the gaming industry become legal, safe and properly regulated, so it can attract investors, generate revenues for the State budget and be consumer friendly and responsible.
Therefore, we organize this event in order to convert the public discussion into particular legislation framework.
Can you share with us the reason why delegates should attend the inaugural edition of the Ukrainian Gaming Summit?
Iryna: The situation in Ukraine is very dynamic, and each month the Parliament launches large-scale reforms. We can see a political commitment to reforms agenda and the Parliament’s capability to adopt necessary laws. It may occur, gaming industry will become legalized in the very nearest future and this event will directly influence market access conditions. The Cabinet of Ministers registered its draft gambling law #4663. Along with other drafts, they all are at the current legislative agenda of the Parliament.
Therefore, participants of the Summit will be discussing all possible ways of legislating the gaming industry properly. Every visitor has a chance to share his views and ideas. Comments foreign participants will be mostly valued – world markets have more experience and practices in implementing different types of legislation with good or bad consequences.
The event is also a good opportunity for investors looking for new markets or finding new partners in the developing markets.
As far as we know, there will be plenty of keynote speakers from the local government. What is the opinion of the regulators and legislators about the online and land-based industry in Ukraine?
Iryna: Most officials and lawmakers view the gaming industry (both online and offline) as an additional source of budget revenues, and that is legitimate part of their job. Ukrainian government needs more money for building new infrastructure, keeping the army and funding social programs. Financial aid from the IMF, the key international donor, was also made dependent upon legalization of the gaming industry (implementation of gaming laws is written in the IMF memorandum agreed with Ukraine).
The only thing that has to be taken into consideration – how to build the legislation in a proper way by taking into account the interests of all stakeholders: business, the State and society. The taxation should not distract business, the investor’s rights should be protected, the society should be protected from fraud and abuses.
The Summit will discuss all these topics.
Given the fact the 2017 has been a year where some EU countries have made important steps towards opening up their markets for remote operators to apply for local licenses, do you think that this will be the case in Ukraine?
Iryna: It is simply inevitable. Ukraine has quite developed IT infrastructure, in particular in payments sector, and plenty of human resources. Even now, when the Ukrainian industry functions in shadow, online gambling dominates and continues to develop.
As a closing question, we would like to ask about the main takeaways of the event. What will be the main takeaways of the event?
Iryna: The first and important outcome of this event should be a creation of the legislation with adequate and sound market access. In addition, we expect the Summit to become a place for businesses, both Ukrainian and foreign, to meet each other and discuss investment projects in Ukraine.
You can register for the Ukrainian Gaming Summit (UGS 2017) by clicking on the banner below:
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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.
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, 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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