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New trends and challenges on focus at 9th Eastern European Gaming Summit

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Where is the gaming industry heading to? What are the latest trends and regulatory changes in the sector? And how the important political changes, like Brexit, will affect the sector? If there is a place on the Balkan Peninsula to get in-depth answers to all those and many other important questions for the gaming industry, it is the traditional Eastern European Gaming Summit (EEGS) that will take place in Sofia, Bulgaria at the end of November. The Summit is organized as an intitiative of the Bulgarian Trade Association of Manufacturers and Operators in the gaming industry.

Exploring the future development of the industry, highly respected experts, professionals, international association representatives will gather for 9th consecutive year at Inter Expo Center, Sofia. Previewing key regulatory changes, industry trends and product developments are the main agenda that brings together the best minds in the gaming sector at the EEGS.

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Starting with overview of the developments and the new opportunities on the European market, key speakers will make profound presentation of regulatory changes and current legislative situation in Netherlands, Malta, Belgium, Greece, Cyprus, Czech Republic, Poland and Romania, moderated by the prominent gambling consultant Steve Donoughue. A special session will examine the standards and certification required from a specific Eastern European jurisdiction.

A detailed sectional discussion on the EU anti-money laundering enforcement will be led by Dr. Simon Planzer, lecturer in Law at the University of St.Gallen and a practicing attorney at law in Zurich, Switzerland. Knowing that of great importance to the sector is facing challenges to keep the business crime free, a thorough analyses will be made during the module. As an important part of this year agenda, the matter will be debated later on a Regulators’ Roundtable on closer doors between regulatory bodies from some of the main EU countries.

Having in mind the rapid changes in the gaming industry, there will be a special session during EEGS on channelization of gaming experience. As omni-channel is of an incredible interest lately, experts on the field will reveal the magic formula for making it successfully. As the future of land-based casino gaming is closely linked to the innovative technologies that shape the future, it is crucial for operators to catch up with the latest trends and to adapt, especially with the interest of the Millennials. The virtual reality and the augmented reality are crucial part of youngsters lives so experts will analyze the similarities and differences between two and will try to defy the potential of Virtual Reality gaming. Alex Tomic will lead the participants through the brand new horizons the virtual reality opens for gaming industry. He has over 10 years of experience in the sector and most recently his team successfully launched the first VR casino.

As the session The Newcomers, which will observe the trendy issues regarding Daily Fantasy Sports, is of great interest, especially amongst Millennials, distinguished experts will take part and debate on the subject. In the spotlight for this hot topic will be Jeffrey Haas, the Chief International Officer of the fastest-growing company in the field  – DraftKings and Benjamin Carlotti, Managing Director of  the leading fantasy football site – Oulala.

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At the same time as EEGS is taking place, prominent companies in the gaming industry will participate at BEGE Expo 2016. On 23 – 24 November Sofia, Bulgaria will host the most important exhibition in the gaming business on the Balkans and Eastern Europe where companies can tune with the recent developments in the sector and meet partners. Every year BEGE Expo becomes a focal point for gaming professionals, calling together exhibitors and visitors from all over the world.

 

BEGE Expo – the most important exhibition in the gaming, entertainment and leisure industry on the Balkans and Eastern Europe that has been bringing together exhibitors and visitors from around the world for ninth consecutive years. The exhibiting companies present products and services used in the operation of hotels and casinos, entertainment centers, shopping centers, restaurants, bars and etc. as well as solutions from the marketing sector, digital technologies, mobile applications, security and control systems, vending equipment and others.

 

EEGS – the most important forum in Eastern Europe that gathers representatives of international organizations from the gaming industry in Europe and beyond, as well as regulators, operators, manufacturers, gaming attorneys, professionals and all interested in keeping pace with the changing gaming standards, new horizons and marketing perspectives in Eastern Europe.

 

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For more information, please visit www.eegamingsummit.com and www.balkangamingexpo.com  or contact us at [email protected] and [email protected]

 

Balkan's

Albanian president signs new law that restricts gambling

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Albanian president signs new law that restricts gamblingReading Time: 1 minute

 

Albanian President Ilir Meta has put his signature in the new gambling bill in the country to make it part of the law. The new law, titled Law No. 75/2018 On Several Amendments and Changes to Law No.155/2015 On Gambling in the Republic of Albania, aims to crack down on all forms of gambling.

The new law will come into force on 1 January 2019.

The proposals of the new legislation were proposed by Prime Minister Edi Rama and were unanimously approved in the Parliament during voting, with opposition members boycotting voting process.

The amended law bans all casinos and other physical gambling facilities from operating in residential areas. Casino gambling will only be allowed at five-star hotels and tourist areas around the country. Slot machine halls and other venues providing gambling services will have to relocate to city outskirts or close in order to comply with the recently approved changes.

Prime Minister Rama did not spare online gambling, as well, in his effort to curb the proliferation of gaming and betting activities in his country. Under the amended law, all betting and casino operations provided remotely will have to shut down.

Source: CasinoNewsDaily

Source: Latest News on European Gaming Media Network

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Albania’s new betting regulation could bring betting monopoly

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Albania’s new betting regulation could bring betting monopolyReading Time: 1 minute

Albania is planning to introduce new betting regulation, which includes some radical proposals. First, sports betting will be banned in residential areas. Electronic casinos will also be relocated. The most important proposal is that there could be a state-monopoly on sports betting so that the state can effectively control gambling in the country.

“We are considering the possibility of treating sports betting and betting on races as a state monopoly and allow their operation by specially set up state structures,” a government report says.

Until now, gambling is privately run and generates over €130 million in income yearly, employing around 7,000 people. However, it could soon be partially turned into a state-run activity as sports betting would be controlled by the government, as it happens in many other European Union countries.

According to Prime Minister Edi Rama, upcoming changes – to be enforced as of January 2019 – will limit gambling and generate an extra €700 million in household consumption. However, there’s some opposition from the Democratic Party, which voiced its concern over gambling, and the government, allegedly being linked with organised crime, accusations that have been quickly dismissed by the majority.

Source: FocusGN

Source: Latest News on European Gaming Media Network

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49 gamblers turn millionaires in 2017 in Bulgaria

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National Revenue Agency (NRA) of Bulgaria has reported that 49 gamblers in the country became millionaires in 2017 alone. The agency has also stated that the total winnings from gambling received Bulgarian gamblers in 2017 amounted to BGN 627 million.

The report also indicates that as many as 13,447 Bulgarian gamblers have won more than 5,000 BGN last year.

The biggest winning was 9,815,422 BGN, and the game is not specified. The second biggest winning amounted to BGN 7.9 million, the third place was 5.7 million BGN. The other TOP 10 winners of the ranking have won from 4 to 5 million levs, the NRA reports. A total of 49 Bulgarians have become millionaires due to gambling last year with their winnings over 1 mln BGN.

80 Bulgarians have won between BGN 500,000 and BGN 1 million. Most gamblers, 12,395 people were lucky to receive winnings between BGN 5,000 and BGN 100,000.

The NRA statistics is not segmented by type of gambling because such information was not collected. However, it is clear from the tax agency data that the biggest winning was paid by companies which are the lottery operators.

The National Lottery has paid more than 5,000 levs to 6,209 people, according to official data from the NRA. Eurobet has provided such prizes to 259 people, New Games reported about 672 winners.

Since the lottery operators are required by law to pay out at least 50 per cent of the value of the bets, it can be concluded that turnover of lotteries is about BGN 1 billion in Bulgaria.

 

Source: E-PLAY Online

Source: Latest News on European Gaming Media Network

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