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Georgia Gaming Congress 2017: Latest News and Updates

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Bitcoin erases geographical boundaries. Head of Bitcoin Embassy Georgia tells about cryptocurrencies in gambling

Bitcoin erases geographical boundaries, becoming more and more popular in online gambling. However, the absence of legislative digital currency definitions doesn’t influence user wallets security. We have discussed these aspects with Alex Sudadze, founder of Bitcoin Embassy Georgia and speaker of Georgia Gaming Congress.

Interviewer: Georgia Gaming Congress (GGC)

Speaker: Alex Sudadze (A.S.)

GGCAlex, what online gambling tasks does bitcoin solve? Who benefits from it?

A.S.: Initially, I would like to mention the rapid growth of online wallets popularity. It is a fast and reliable money transferring tool even without geographical limitations. This service is used by both private individuals and small and medium organizations, which is quite convenient in terms of confidence and fee per transaction. It is not the first year that this type of replenishing accounts is applied in online casinos and betting pools.

And now imagine how interesting it is: you are offered to replenish your casino balance using international currency that is hundreds of times more expensive that fiat one (today 1 Bitcoin = around $900), doesn’t depend on inflation, and the main thing – it cannot be falsified. As the result, online casino receives money from its customers in a fast, reliable way without conversion (generally online, players from across the globe). And moreover, you are sure that the transferring process is conducted via the block-chain system (individual for each currency), where a remittee can transparently check their transactions.
Who benefits from bitcoin? Surely, both parties have advantageous – a consumer and inline casino, i.e. both a remitter and remittee.

The scheme is the following: customer (deposits) –> casino (quickly receives money on customer’s balance) –> customer (withdraws won money from casino balance).

Advantages are evident: bitcoin transactions are fast, reliable, anonymous and don’t’ require currency exchange.

alex sudadze

GGC:  Legislation’s of many countries don’t determine and regulate bitcoin. Does it mean that in case of online casino fraud, gamblers can lose their bitcoins and no one will protect their rights?

A.S.: Unfortunately, many countries still don’t have any law definitions regarding this aspect, and some others are just developing bills. However, this fact does not influence wallet security. Such a gap can have a negative impact on taxation, and Departments of Revenue Services in the majority of countries have been already working on this issue.

As to the damage for players: even if a casino finds out their Bitcoin account number, it won’t be able to control the account without a complex password and special authentication (global blockchain protection). And if swindlers hack the database of casino data center (which can really happen even without cryptocurrencies), they will be able to stole only the sum controlled by the central casino administration system. If the administrator distributes all cryptocurrency sums across their Bitcoin addresses wisely, swindlers will have a bare chance to operate only in-game casino currency, the so-called chips, which are valuable within the gambling venue system.

GGC: How is the online casino audience expanded, if the venue implements bitcoin?

A.S.: As I said, the application of cryptocurrencies (generally: Bitcoin, Ethereum, Dash, Litecoin, Zcash) erases geographical boundaries, providing the company with unlimited opportunities. One should properly establish goals for a marketing department and include imagination at the brand new level. Attraction of new international customers and informing of regular ones about new types of mutual payments are perfect factors for the large growth of volumes.

GGC:  Please tell whom online gambling accepting BTC is designed for?

A.S.: Initially, it is designed for technically advanced gamblers. However, the Bitcoin exchange system has become so user-friendly that more and more people are getting familiar with cryptocurrency wallets. I can assure you that it is as easy as creating Google accounts and writing emails. Recent years’ trend shows the growth of online casinos and international betting pools accepting cryptocurrencies, especially Bitcoin. The main problem over recent years has been world’s high volatility of the bitcoin price; however, a short-term keeping of this currency does not influence winnings too much. The price of 1 BTC towards other cryptocurrencies is constantly growing and a lot of financial experts give quite optimistic estimations for the end of 2017. The same situation happened in 2015-2016 and all predictions came true.

GGC:  What are going to tell about at Georgia Gaming Congress?  

A.S.: With your permission, I won’t lay all cards on the table, but I can tell that my presentation will reveal very interesting facts: both successful and negative ones. We will discuss a security system in terms of unfair consumers and protection ways. Beginning specialists will obtain fundamental knowledge and find out self-development ways in this sector. We will show on practice how one can switch to or add the cryptocurrency system in a day. The presentation will end with the one million quiz: those answering to the greatest number of questions will get one million in cryptocurrency!

You can learn more about bitcoin prospects in gambling and ask questions to Alex Sudadze at Georgia Gaming Congress on March 1.

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Ftoros has joined the ranks of Georgia Gaming Congress  

 

All most popular and newest products from the famous gambling software developer will be available in the demo zone of Georgia Gaming Congress.

Ftoros has established itself in the international market as a reliable provider of advanced, high-quality and safe games and platforms for landbased and online casinos.

Ftoros

Company’s portfolio includes such popular products as Infinity, Robot gaming systems and a variety of video slots. Three new games have been launched recently: “The Georgian Cocktail”, “The Cradle of Georgian Wine”, and “My Wife’s Friends”. The latter is based on the popular TV series. Besides that, the advanced version of “The Argo” has been released, featuring games about the main heroes of Greek myths hunting for the Golden Fleece.

All information about Ftoros’ developments will be available at the company’s booth in the demo zone of Georgia Gaming Congress in Tbilisi on March 1.

Tickets for the event can be bought here.

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Marketing and PR Director at Storm International Lavrentiy Gubin will moderate the conference within Georgia Gaming Congress

On March 1, notable representatives of gambling industry and authoritative experts will gather together at Georgia Gaming Congress in Tbilisi. They will touch the most vital industry development issues.

Marketing and Public Relations Director of the international casino operator Storm International, Lavrentiy Gubin, will introduce speakers to the audience, ask interesting questions and animate the dialogue between listeners and speakers.

Lavrentiy Gubin

Future moderator of the conference knows all the subtleties of gambling business. Started his career in Storm International in 2004 as a PR manager, when the company was actively developing in the Russian market. After a new gaming law adoption, which in fact closed the industry, was working for the top-three Russian retail company DIXY Group in a position of Media Relations Director. Returned to Storm in 2013 and was responsible for media relations, new media campaigns and PR activities of the company and its brands, as well as for marketing department of Shangri La Tbilisi casino. In February 2017 headed central marketing and PR department of Storm International.

Georgia Gaming Congress will take place in Tbilisi on March 1. Its key event will be the conference with presentations from leading gambling specialists. You will find the program of the event here.

Follow this link to buy the tickets.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Conferences

The 8th edition of the Romanian Conference on Gambling

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On the 6th of March 2018, the Parliament Palace in Bucharest hosts the 8th edition of the Romanian Gambling Conference – CRG8, the biggest annual event of the gambling industry in Central and Eastern Europe.

The eighth edition of the CRG, a regional conference of gambling, will be held under the slogan “Ready for the Gambling of Tomorrow.

As in the previous editions, this years event aims to approach all elements of the gambling industry based on the novelties of the legislation and the enforcement rules, both in Romania and other European countries, as well as the vulnerabilities of the current system, passing through the slot rooms and AWPs, but also casino life or online gambling. Special sections will be provided for human resources, marketing, image, social responsibility and responsible gambling.

Among those who will speak, we find representative names in the gaming world both in Romania and abroad. Representatives of the Romanian authorities, as well as from other European Union countries, are on the guest list.

Those present at the event will be able to ask questions to clarify all the unclear aspects in the special questions and answers (Q&A) sections.

The organizer, as in all previous editions, is the most popular magazine of the Romanian gambling industry, Casino Life & Business Magazine, the double winner of the “Best iGaming Magazine of the Region” Award at the CEEG Awards Budapest, Hungary in 2016 and 2017.

As in the previous editions, during the conference, the organizers wish to host a mini-exhibition in the lobby, so that participants can see on the spot the novelties, as well as other projects of interest.

The event, of both local and international importance, will be hosted by the famous marble halls of the Parliament Palace in Bucharest, the second largest building in the world after the Pentagon, on March 6th, 2018.

The Draft of the Program has four plenary sessions as follows:

– Partners Presentation
– CSR & Responsible Gambling
– Europe up-to-date
– Romanian Actuality

The Program has also coffee breaks and a working lunch.

Permanent partners of the events organised by Casino Life & Business Magazine are DGL PRO, GRISOGONO jewelry and ROMBET.
Gold Partner of the conference is NOVOMATIC Romania.

Media partner of the event are the portal www.forrichonly.ro, BURSA news-paper and the very well-known iGaming Business Magazine, part of Clarion group.

Those interested can download the Registration Form from here: Registration Form conf march 2018

For details, registration and other information send your inquiries to [email protected]

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The gambling industry in France, un problème historique

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The link between France and gambling always has been strong and could even be described as historic.

The country largely contributed to the development of gambling through time with the creation of inescapable games such as roulette (by the mathematician Blaise Pascal) and the 52 card game which gave birth to Baccarat or Shimmy (also known as Chernay).

As a consequence, it feels natural for gambling to be legal in France. But to settle on this territory, you must have a license from by several organisations:
• for betting activities: Pari Mutuel Hippodrome (PMH) and Pari Mutuel Urbain(PMU);
• for bingo lotteries and sports betting, only the Française des Jeux (FDJ) keeps the monopoly on land base activities.

Some conditions must however be respected if you want to offer gambling activities in France. For example, physical casinos can only be established in seaside and tourist towns (except Paris) and on some cruise ships with the French flag.

Since 2010, online gambling is regulated by the Autorité de Régulation des Jeux en Ligne (ARJEL), which can authorise licenses for club games (until now, only the poker is allowed), sports betting and horse races. Online casino games are forbidden in France.

Fifteen licenses have been issued by the ARJEL so far. This particularly low number of licenses can be explained by high tax rates which can frighten some operators.

However, the market is doing well as the third quarter of 2017 results show: an increase by 23% of the revenues linked to sports betting despite a year without international competition, a 10% growth of horse racing revenues and +5% for poker.

France is a market which needs to be followed especially as online casinos should be authorised very soon. The 2018 Football World Cup, with a French team considered as favorite for this new edition, should also contribute to the sector’s success thanks to high sports betting revenues.

On October 16, 2018, the inaugural European Gaming Congress in Ljubljana is set to host a panel where the state of France will be discussed directly with the regulator. To find out more details about the event make sure you follow our news.

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We are sponsoring the prizes at ASEAN Gaming Summit Poker Freeroll

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We are excited to announce our first event sponsorship and we would like to thank our friends at All-In Translations for the opportunity and initiative. As a strategic partner of Asia Gaming Brief (organizers of ASEAN Gaming Summit), the honor is even higher. (see EEGMedia/EEGEvents engages in strategic partnership with Asia Gaming Brief)

It was great to see that All-in Translations will once again host the official poker tournament of the ASEAN Gaming Summit in March and we want to make it even more interesting for the players by giving some prizes on behalf of our company.

The tournament is a freeroll for delegates attending the conference and we will be sponsoring the prize pool with no less than three packages of great value.

Prize 1 (worth $1600): 1 Seasonal ticket for a company representative which includes access to 5 EEGEvents in 2018.

The ticket includes access to the conference/seminar, complimentary lunch and access to all networking sessions.

More details about the events can be found on the official landing page of the events division: www.eegevents.org


Prize 2 (worth $550): Tickets for 2 EEGEvents in 2018 for a company representative. 

The winner can choose from the above list of events.


Prize 3 (worth $900): Featured radio spot for 3 months and interview on iGaming Radio

The player who wins this gets the opportunity to present the company with a radio spot which will be streamed during peak hours on iGamingRadio.comThe radio spot can be created by the representative’s team or by the team at the first online radio dedicated exclusively for the b2b sector of the online gambling industry. A selected representative will also get the chance to take part in the Innovation Talks monthly show and discuss the latest innovation in the industry.

As you may already iGaming Radio is the first online radio streaming gaming related news exclusively through daily shows, interviews and press releases. The aim of the station is to keep its audience connected 24/7 with the online gaming industry by playing awesome music and serving the news first hand.

You can tune in on www.igamingradio.com


About ASEAN Gaming Summit

TECH TRENDS, CONVERGENCE, STRATEGY, RETURN ON INVESTMENT
20-22 MARCH, 2018, CONRAD MANILA, PHILIPPINES

The ASEAN Gaming Summit draws together the region’s leading operators, regulators and suppliers, who are successfully developing the next generation of gaming offerings, both terrestrial and online.

From new-style integrated resorts, addressing the premium mass market, to sports betting innovations and online gaming, this event is for anyone with an interest in this dynamic region.

Mark your calendars for 20 -22 March, 2018.

For any questions about the 2018 conference, send an email to [email protected] or visit the official website www.aseangaming.com

 

About All-In Translations

All In Translations is the only Language Service provider offering such a large variety of languages (70+) combined with a true enthusiasm for iGaming, hence their slogan “We speak your iGaming language”.

They are now a market-leading provider of language services to the iGaming industry. Their high-quality standards and service level are ISO certified and trusted by several of the biggest platform providers, developers, operators and affiliate marketers. The team helps companies like Playtech, William Hill, Betfair, Microgaming, Interblock, Betsson and many more to boost their online presence and grow their brands internationally.

The subject of iGaming has been their bailiwick since the company started up in Malta in 2008, meaning that all their linguists and project managers have both a strong knowledge of and a genuine passion for casino games, poker, sports betting, lotto, bingo, trotting, backgammon, roulette and more.

Visit their official website for more details: www.allintranslations.com

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