Compliance Updates
Rada Misses December Vote on Ukraine Gambling Law’s Tax Code
The Verkhovna Rada has missed its final opportunity to vote on the tax framework required to complete the outstanding technical arrangements of Ukraine’s Gambling Law.
Closing its hearings on Friday 17 December, the Rada held no vote on Bill 2713 – a proposal backed by Ukraine’s Committee on Finance that finalises the tax framework of the Gambling Law.
The vote on Bill 2713 was due to have taken place during November sittings, however, proceedings were rescheduled to a December date – frustrating Ukraine gambling stakeholders that have seen no precedent take place on the matter.
The majority backed proposal sets a flat 10% industry tax rate to be applied across all regulated gambling verticals, whilst further eliminating the previously approved “triple lock licensing fees” that would have been adopted by the Gambling Law.
The mandate of the Gambling Law was approved back in August 2020, ending Ukraine’s decade-long gambling prohibition. Though approved, the Gambling Law lacked outstanding requirements on technical provisions and taxation that required a separate assessment and vote by the Rada.
Since granting the Gambling Law’s federal approval, the Rada has missed multiple deadlines to pass Bill 2713, as its assembly chose to review all gambling tax proposals despite 2713 having the support of Ukraine’s Committee of Finance, Customs and Taxes.
Observing developments, CIS igaming consultancy 4H Agency, stated that Bill 2713 hearings had been put back once again as Rada contended with a logjam of end of year hearings as the government contends the headline issues – COVID-19 Omicron resources and arising Russian military tensions.
“We are constantly monitoring the situation with everything that concerns gambling regulations in Ukraine and today we were expecting it to finally unfold into something more meaningful than another delay,” said Ilya Machavariani, Senior Partner at 4H Agency
“Unfortunately, the Parliament has ran out of time to hear the Bill 2713 today. We’ll see if it finally gets to the voting in two weeks’ time. At the moment, the prospects of that are rather grim.”
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.”
The Danish Gambling Authority has officially opened applications for land-based bingo licences under the country’s new regulatory framework.
The licences will be valid from 1 January 2025 for applicants who meet the required conditions and submit complete applications by 10 December 2024.
This development provides opportunities for operators to offer land-based bingo within a regulated environment.
To assist prospective applicants, the Danish Gambling Authority has created a dedicated “Land-Based Bingo” webpage. Here, operators can access application materials, guidelines and instructions to ensure submissions are completed accurately.
Operators seeking a licence valid from 1 January 2025 must submit their applications by the 10 December deadline. Applications that meet all requirements will be processed in time for the start date.
In cases where additional information or conditions are needed, the authority may issue licences with specific stipulations, granting operators additional time to address outstanding issues.
To support industry stakeholders, the Danish Gambling Authority will host an information meeting about the new land-based bingo rules on 5 December 2024. The session will take place at Englandsgade 25, Odense, and interested parties are encouraged to register by 29 November 2024.
The post Danish Gambling Authority Opens Applications for Land-based Bingo Licences appeared first on European Gaming Industry News.
CT Interactive is thrilled to announce that new titles have officially received certification for the Italian market, ready to bring a fresh wave of entertainment to players across the country. This certification ensures that the games adhere to Italy’s stringent regulatory standards for fairness, security, and quality, reinforcing CT Interactive’s dedication to providing top-tier gaming experiences.
The newly certified games include: 5x Cherry Party, Christmas Storm, Jester Jack, Lucky Kiwi, Mega Gnome, Piggy Crash, Star Girl, The Big Chilli, The New Queen of Fruits, Treasure Chase.
These exciting games offer a diverse range of themes, from the festive charm of Christmas Storm to the whimsical adventures of Piggy Crash and Mega Gnome. Whether players are in the mood for the nostalgic appeal of a classic fruit slot like The New Queen of Fruits, or looking for thrilling treasure hunts in Treasure Chase, there’s something for every type of player.
Each game has been developed with a focus on delivering engaging features, rewarding bonuses, and immersive gameplay. With unique mechanics and visually striking graphics, these releases are designed to captivate Italian players and keep them returning for more.
CT Interactive remains committed to enhancing the Italian gaming landscape by consistently providing fresh, exciting content and introducing new ways to play.
The post CT Interactive announces certification of new games for the Italian market appeared first on European Gaming Industry News.
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