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.…
CT Interactive Signs Deal with Torrero Platform
CT Interactive has signed a key deal with Torrero Platform N.V and Тorrero Ltd, prominent players in the iGaming industry.
“We are so proud to partner with Torrero. Torrero Platform is a leading player in the iGaming industry, offering a comprehensive suite of solutions designed to empower operators and enhance player engagement. Through this partnership, we will increase our presence in Europe, Brazil, Mexico and Asia,” Lachezar Petrov, CEO at CT Interactive, said.
With a focus on delivering exceptional gaming experiences, CT Interactive continues to push boundaries in the iGaming space through its commitment to quality, creativity, and player-centric offerings.
Antonio Donov, Business Development Manager EMEA at CT Interactive, said: “The collaboration between CT Interactive and Torrero Platform is underpinned by a shared commitment to delivering excellence in the iGaming space. By combining our resources, knowledge, and networks, both companies stand to benefit from the partnership.”
Aleksei Tolstov, Head of Business Development at Torrero, said: “The agreement entails that CT Interactive will be launched on various platforms, including betmaster.com, betmaster.ie, casinoin.ie, bongo.io, and betmaster.com.mx. These games will be accessible in markets spanning from Mexico to Estonia. Torrero.com offers customized casino and sportsbook solutions globally, providing game aggregation services and enhancing multiple brands to deliver top-notch experiences.”
Pragmatic Play Grows in Paraguay and Brazil with Giro Win
Pragmatic Play, a leading content supplier to the iGaming industry, is achieving further expansion in Paraguay and Brazil after signing a multi-vertical deal with Giro Win.
The deal encompasses the supplier’s Slots, Live Casino and Virtual Sports products, bringing its portfolio to an even greater LatAm audience.
Pragmatic Play’s Slots portfolio has seen numerous player-favourite additions in recent weeks that will soon be available for Giro Win’s costumers, including new titles in the iconic Big Bass franchise as well as the renowned John Hunter series. The agreement also includes award-winning staples such as Sugar Rush and Gates of Olympus.
The supplier’s Live Casino content stretches from casino classics such as roulette and blackjack to captivating live game shows such as Sweet Bonanza CandyLand and Snakes & Ladders Live that are also part of the agreement.
Also included is Pragmatic Play’s Virtual Sports, powered by a real-time physics engine and providing life-like renditions of popular sports such as Formula 1, greyhound racing and horse racing, on-demand to sports bettors.
As it further expands across LatAm, Pragmatic Play continues its commercial trajectory and ambitions of delivering fresh content to even more players than ever before.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “With LatAm remaining a source of commercial growth for Pragmatic Play, its latest partnership with Giro Win underpins its ongoing commitment to bringing a dynamic entertainment offering to more consumers in the region.
“Giro Win is an esteemed operator in the Latin American market and Pragmatic Play is proud of this new partnership that will see its Slots, Live Casino and Virtual Sports soon integrated to its platform.”
Hélio Cuevas, Director of Giro Win, said: “Pragmatic Play’s portfolio boasts some of the best games in the industry and it will be a welcome addition to our offering. We have no doubt the response to the large quantity of Slots, Live Casino and Virtual Sports titles that Pragmatic Play offers will match the overwhelming reception they have already experienced worldwide.
“Giro Win and Pragmatic Play share a vision of powering up new possibilities for players and delivering an unmatched experience and we are delighted to now count them as a partner.”
Pragmatic Play to Have Significant Presence at SBC Summit Latinoamérica
Pragmatic Play, a leading content supplier to the iGaming industry, is set to be in attendance at the upcoming SBC Summit Latinoamérica.
Exhibiting at stands G40 and H40, Pragmatic Play’s leading portfolio of multi-product content will be on display to cement its standing as the leading supplier to the Latin American market.
Pragmatic Play will be a Gold Headline Sponsor of the event, where the team will join attendees at the Seminole Hard Rock Hotel & Casino in Miami from the 31st of October to the 2nd of November.
The conference forms part of its LatAm Mission Itinerary, a campaign to inform delegates across leading industry events how Pragmatic Play can twist, transform, and elevate gaming experiences. Marking Mission #12, the provider’s attendance will be figure-headed by its Spaceman, the main character from its market-leading crash game title.
The Pragmatic Play team will be on hand at its stands to greet both current and potential clients and detail the advancements it has made in the realms of Slots, Live Casino, Virtual Sports, and Bingo.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is thrilled to announce its attendance at the upcoming SBC Summit Latinoamérica and looks forward to welcoming attendees and gaining a deeper understanding of the lively Latin American market.
As Mission #12 in Pragmatic Play’s LatAm itinerary, it has a lot in store for the conference and will reaffirm its commitment to providing new dynamic experiences that allow its partners to excel.”
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