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Prague Gaming & TECH Summit 2024

Compliance Updates

Parimatch became the first company in Ukraine to receive permission for a betting license

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After signing a law on the legalization of gambling, Ukraine moved closer to regulation’s European gambling market standards. Parimatch received the first official Ukrainian permission for a license for betting activities in Ukraine.

On August 13, the law on the legalization of the gambling market came into force – one of President Volodymyr Zelensky’s promises to the people of Ukraine. After 11 years, the gambling business emerged from the shadows, and the state finally brought the country’s betting industry regulations in line with those of Europe.

Parimatch became the first licensed operator in Ukraine. The license allows the company to legally provide betting services, casinos, and poker, which will generate tax revenues to the state budget. The Ukrainian license became the 5th for the international holding Parimatch.

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Restarting the gambling market according to European standards will catalyze the inflow of international investments into the country. Parliamentarians have already stated that in 2021 alone, the budget of Ukraine expects about 255 million euros in revenues from the gambling industry. The state will direct the money received from the sale of licenses to support socially significant areas such as medicine, culture, and sports. The influx of foreign investors also contributes to developing of technologies that will give Ukraine the impetus to compete in the international entertainment market.

“Work still remains to be done on reforming tax legislation before the Ukrainian market becomes attractive to foreign investors. Taxation should be transparent and logical so that it doesn’t create additional obstacles for foreign investors. At this stage, the cost of licenses for various types of gambling activities is so high that, together with taxation, it does not make investments in the nascent Ukrainian market attractive. So Ukraine could lose the competition in terms of investment to other countries. Under favorable legal conditions, specialist market capacity and qualifications will allow Ukraine to become a gaming hub for the Eastern Europe region. Like Malta and Manila, Ukraine now has the potential to become a center of expertise for gambling entertainment.” – Managing Partner of Parimatch Holding Maksym Liashko

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ADG

Arizona Department of Gaming Announces Allocation for Event Wagering License

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The Arizona Department of Gaming (ADG) announced today that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.

On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).

The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.

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Compliance Updates

ITIA: Croatian Official Suspended from Tennis

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The International Tennis Integrity Agency (ITIA) confirmed that Croatian tennis official Marko Stojanovic has been suspended from the sport for five years and six months after admitting to breaches of the Tennis Anti-Corruption Programme (TACP).

Stojanovic, a national-level official, admitted to 15 breaches of the TACP, including manipulating data from matches in which they were an official to facilitate betting.

Stojanovic, who is accredited at national level and has officiated at ITF tournaments, co-operated fully with the ITIA investigation and accepted an agreed sanction, waiving their right to a hearing before an independent Anti-Corruption Hearing Officer. Stojanovic has also been fined $25,000, of which $18,750 is suspended.

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The official’s agreed sanction began on 19 February 2024 and will end at midnight on 18 August 2029.

During the suspension, Stojanovic is prohibited from officiating at, or attending any tennis event authorised or sanctioned by the members of the ITIA (ATP, ITF, WTA, Tennis Australia, Fédération Française de Tennis, Wimbledon and USTA).

The ITIA is an independent body established by its tennis members to promote, encourage, enhance and safeguard the integrity of professional tennis worldwide.

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California

California Gambling Control Commission: A Glimpse into the Upcoming Decisions on Cardroom Licensing

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The California Gambling Control Commission (CGCC) is set to hold a pivotal meeting on March 21, 2024, where key decisions regarding the future of several cardrooms within the state are on the agenda. This meeting underscores the Commission’s role in overseeing the state’s gambling establishments, ensuring compliance with regulations, and fostering a fair and transparent gaming environment. Here’s what stakeholders can expect:

Capitol Casino’s Licensing Future
Capitol Casino, a renowned name in the gambling sector, is up for the renewal of its cardroom owner type license. The Commission is presented with two options: to approve the renewal applications through March 31, 2026, or grant a 90-day extension through June 30, 2024. Commission staff recommend the latter, suggesting a cautious approach towards the renewal process.

Spotlight on Lucky Chances Casino
Lucky Chances Casino faces a critical juncture with its license renewal application. The Commission contemplates referring the applications to an evidentiary hearing, proposing an interim renewal license through September 30, 2025. This decision comes with stringent conditions aimed at preventing Rene Medina, a figure associated with the casino, from patronizing certain areas of the property, among other regulatory stipulations.

Oceana Cardroom’s Path Forward
LEB Holdings’ Oceana Cardroom is recommended for license renewal through March 31, 2026, with specific conditions regarding operational compliance. Before opening for business, the cardroom is required to undergo an inspection by the Bureau of Gambling Control and fulfill various regulatory requirements, ensuring a safe and compliant gaming environment.

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Decisions on Parkwest Bicycle Casino
Parkwest Bicycle Casino’s licensing outcome hangs in balance, with two options under consideration. The crux of the decision revolves around the permissibility of contractual relationships with Fortiss, LLC, and TPPPS providers. The staff recommendation leans towards option two, which includes applying for and maintaining a cardroom business license for Fortiss, LLC, should the administrative hearing find the current arrangements non-compliant.

Renewal Application for Rogelio’s
Rogelio’s Inc. seeks renewal through March 31, 2026, with conditions focusing on regulatory compliance before operations commence. This includes submitting a fully completed business entity supplemental information form and adhering to relocation, safety, security, and emergency plan requirements.

Seven Mile Casino and Westlane Card Room
Seven Mile Casino and Westlane Card Room face critical evaluations with recommended options leading towards evidentiary hearings or temporary licensing extensions. These decisions reflect the Commission’s commitment to upholding regulatory standards while ensuring fair consideration of each establishment’s circumstances.

This meeting is a testament to the dynamic nature of California’s gambling landscape, highlighting the Commission’s dedication to transparency, regulatory compliance, and the well-being of the gambling community. Stakeholders and the public await the outcomes, anticipating the impacts on the state’s gambling establishments and the broader gaming environment.

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