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Exclusive Interview with Jan Řehola (Partner at PS Legal) and speaker at Prague Gaming Summit 2018

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Interview-with-Jan-Rehola-1 Exclusive Interview with Jan Řehola (Partner at PS Legal) and speaker at Prague Gaming Summit 2018Reading Time: 6 minutes

This week it’s all about the Czech Republic and my latest interviewee is a highly respected expert who shares his expertise at gaming events. Jan Řehola is a frequent speaker at our events and always bring quality information about the market’s updates. You can meet Jan in person by attending the second edition of Prague Gaming Summit which will be held on the 29th of March at Andel’s by Vienna House Prague. You can find more details here.

With this occasion, I would also like to thank you for following my interview series and for sharing these information with your colleagues and partners. If you would like to be featured in an upcoming interview, please send me an e-mail to reka.szalo@europeangaming.eu and I will happily get back to you!

Hello Jan, thank you accepting this interview, please tell us little bit about yourself, with now over 7 years of experience in the gaming industry, how did you continuously venture to the industry, I mean what was the main reason and what are your key activities, now within the niche?

Jan: As a gambling lawyer I found myself the most beneficial in helping operators, suppliers, testing labs and all other stakeholders involved in gambling industry to be still fully updated and fully complaint with constantly changing regulation. As gambling is highly controversial topic often in spotlight of politicians – regulation is changing very quickly so legal, and especially compliance, plays still more and more important role. What I really like the most on my work is helping my clients to develop and successfully introduce new products on market. By being part of client’s development team, I have priceless opportunity to learn new competences what helps me go every day to my office with joy and enthusiasm.

Working for 4 years for the Ministry of Finance – Czech Gambling regulator, firstly as a Head of the Legal Unit and later as a Director of Gambling Department, what do you consider you could share with us and with the readers as updates on the Czech Gaming Market?

Jan: Czech gambling market is currently undergoing the biggest restructuring from the velvet revolution in 1989. We have new Gambling Act fully in force from 2017. This Gambling Act for the first time in history introduces specific regulation for online gambling and opens whole Czech gambling market for companies established anywhere within EEA. With gambling tax based on GGR and reasonable license conditions, because new regulatory framework on paper looks very good. Unfortunately, in fact application of new Gambling Act caused some difficulties. Considering some recently issued secondary regulation (e.g. guidelines on Bonuses) and transposition of 4th AML Directive unfortunately it can be concluded that to some extent those things spoil idea of regulated, modern and highly competitive market. Currently it is very hard especially for foreign operators to meet specific requirements of Czech regulator and therefore we still have just one foreign operator with licence based on new Gambling Act (Pokerstars holds licence for sport betting, poker and so called “live game”). With new government in place some changes are expected to happen in near future. It can be presumed that some requirements which form obstacles could be potentially removed. Ministry is still working on pack of secondary regulations dealing with technical standards and also preparing big public tender for control monitoring system. Potential stakeholders on Czech market should therefore follow and supervise this preparatory works with due diligence.

Going further, You were responsible for all gambling policy issues, including drafting of new legislation, issuing of gambling licences and cooperation with other European regulators as a member of European Commission Expert Group on Online Gambling, what can you tell us about this year’s updates(in 2018), can we expect major changes on the Czech Gambling Market as we know were some tensions between governments, regulators and the gambling industry.

Jan: As mentioning before we can presume that with new, more business-oriented government in place, regulator can to some extent be more reasonable in licensing procedure. Those operators, suppliers and testing labs having experiences with licensing process in the Czech Republic can provide a testimony that hitherto regulator was more focus on formal requirements than on real substance of licenced product. Some requirements are Czech specific and therefore hardly understandable for foreign licence seekers. This could be changed. As regulator is expected to be more open, I see big room for suppliers and testing labs delivering products in many regulated market to open dialogue with regulator and help him to rebuilt licence process to be more substance oriented.

Due to your background and well versed in all aspects of gambling operations, please tell us more about how PS Legal works, as PS Legal has a rich experience in gambling field and provide professional and high quality legal and compliance consultancy to key players on Czech gambling market.

Jan: I am really enjoying our teamwork at PS Legal. This law firm has long history but when me and my colleagues joined its teams it becomes leading company in gambling field in the Czech Republic. We are focusing not only on gambling but trying to offer expertise in all new emerging industries and technologies where clients can suffer in finding professional legal help with knowledge of this specific industry. Currently we are for instance building division focusing on legal help in field of cryptocurrency or rather blockchain technology in general. We strongly believe that this rapidly developing market can play huge role in upcoming years. What I really like the most is that we are young but highly educated bunch of friends having fun in helping our clients to meet regulatory requirements in versatile areas. By doing this we are still learning and therefore our work is far from being routine.

What are your main responsibilities at PS Legal, as it is a Prague based law firm specialized in providing legal services to all sectors of the gaming industry?

Jan: In PS Legal I am heading its gambling department. This takes currently more than 70 % of my work capacity. As mentioned before we are currently building also department dealing with cryptocurrency and data protections issues. For this I am helping with head hunting process as our team is growing at a fast pace. This type of work I found very fulfilling. I am trying to use experience I got from Ministry of Finance where I was responsible for team of 35 people. I really like see how young people grow in front of your eyes as you gave them room and responsibility.

Do you have a personal opinion regarding the Gambling Market focusing on Czech Republic and the Czech Gambling-related Market? What are the PS Legal company’s future plans  in the gaming sector and what are your personal next steps and projects regarding your professional life and achieving your personal goals?

Jan:I am sure that Czech market would become more competitive in year 2018. With many applicants seeking to get licence and with licensees seeking to get new product on market we can see rapidly evolving market. Currently we see huge restructuring and M&A in land-based market that undergoing huge changes and some M&A could be expected in online world too. I believe, PS legal would play still important role in this process. Whit our expertise and experience I also hope we can help to establish dialog among all stakeholders and regulator to work together on common goal – functioning regulated market where player is protected, and operators can offer them attractive product.

To meet Jan in person, make sure you register and attend Prague Gaming Summit 2018, held on the 29th of March at Andel’s by Vienna House Prague.

770x436-5 Exclusive Interview with Jan Řehola (Partner at PS Legal) and speaker at Prague Gaming Summit 2018

Interviewee profile:

Jan Řehola has over 7 years of experiences in gambling field, both from the public and private sector. He is a master of Law from the Charles University in Prague.

Jan has been working for 4 years for the Ministry of Finance – Czech Gambling regulator, firstly as a Head of the Legal Unit and later as a Director of Gambling Department. In his work for the Czech Gambling regulator Jan was responsible for all gambling policy issues, including drafting of new legislation, issuing of gambling licences and cooperation with other European regulators as a member of European Commission Expert Group on Online Gambling.

Due to his background, he is well versed in all aspects of gambling operations.

PS Legal is Prague based law firm specialized in providing legal services to all sectors of the gaming industry. PS Legal has rich experience in gambling field and provide professional and high quality legal and compliance consultancy to key players on Czech gambling market.


Source: European Gaming News

European Gaming News

EGT Romania: new promotions for slot machines!

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EGT-romania EGT Romania: new promotions for slot machines!

 

A challenge that EGT Romania has always accepted, both towards customers and other operators, most of them already becoming partners, is to always offer them the opportunity to grow their businesses by choosing the most performing, attractive, interactive, awarded and appreciated products from the gambling industry. So, periodically we make offers as attractive as possible to facilitate the decision to progress of each operator.

Starting with January 2020, EGT Romania offers operators the opportunity to purchase slot machines from both previous generations and the latest models, at extraordinary prices conditions.

VEGA VISION UP, VEGA VISION +UP, VEGA VISION +ST – in 12 or 24 installments without advance payment

The increasingly diverse demands of players develop the need for operators to integrate tailor-made products and services into their gaming halls. AWPs are some of them. Taking this into account, you can now take advantage of the following offer:

  • You can purchase cabinets from the Vega Vision range with AWP mixes in 12 or 24 installments, without advance payment.
  • You can also purchase Vega Vision cabinets in 12 or 24 installments, without advance payment, if you choose game mixes from the Collection Series range.

!!! In addition, we thought that you might want to convert AWP to Collection Series or vice versa at some point, so we created a minimum cost for you. Therefore, you will benefit of only 999 Euro + VAT per conversion (compared to 1950 Euro + VAT – the basic price).

P-24/24 UP, P-27/27 ST SLIM – 2 months free of charge!

These EGT slot machines, equipped also with AWP game mixes, awarded and appreciated year after year, are still in the top of the preferences of players and operators alike.

The active special offer consists in:

  • Enjoy 2 months free of charge when renting P-24/24 Up and / or P-27/27 St Slim with AWP game mix

S32/55 – S-line range – 40 E discount

Presented for the first time in Romania in September 2019, within the EAE, the S32/55 terminal, from the S-line multiplayer range, impresses with the imposing appearance, with a dominant display of 4K resolution, 55 inches.

Active offer:

  • You can rent S32/55, during this period, with 40 E discount.

For questions, complete information and additional details, we invite you to contact the EGT Romania sales team at the data available here.

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European Gaming News

Could UK Government Policy Threaten Online Betting Promos?

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Untitled-2 Could UK Government Policy Threaten Online Betting Promos?

Most observers would agree that the UK political class is pursuing a dialogue on the very nature of the gambling industry. The headline issue is, of course, fixed-odds betting terminals (FOBT’s), which have been the focus of a huge campaign. This week the UK Chancellor, Phillip Hammond, announced that the maximum stake in these gaming machines will be cut dramatically starting in October 2019. The move has cross-party support, and even the gambling industry has been vocally supportive, knowing that it at least makes sense from a PR perspective to seem concerned about the issue.

However, FOBT’s are not the only issue being discussed about the industry in the UK, with some changes perhaps having a big impact on punters. Advertising has come under scrutiny recently, with an almost saturated feel to the volume of sports betting adverts played on television during events like Premier League games. Sky, the UK’s dominant figure in sports broadcasting, has agreed to ‘regulate itself’ and limit the number of betting adverts beginning at the start of the 2019 Premier League season.

Sky moving to restrict advertising

The move by Sky, while seemingly commendable as they will lose out on a chunk of the estimated £460 million gambling companies spend on advertising in the UK, is also indicative of the fact that the landscape is changing. The Labour Party, in particular, has signalled that they will try to put curbs on many aspects of the industry should they win the next election. For example, Labour deputy leader, Tom Watson, has called for a ban on funding accounts with credit cards and any advertising during live sports events.

However, one area that will be keenly watched by casino players and bettors is that of promotions. Incentives like free bets, price boosts, reload bonuses and the rest are the “carrot” that usually acts as a tipping point to encourage a player to join a new site, but they are certainly not the only reason why people bet. If a Government decides that promotions force people to bet, rather than supplement a decision that has already been made, could they too be in the firing line as the UK authorities try to further regulate the industry?

Free bets offers popular with punters

One would argue that would come to the detriment of the customer, rather than the industry. Consider how a punter might want to bet with William Hill on Real Madrid at 12/1 to win the Champions League, or the Boston Celtics at 7/1 with Bet365 to win the NBA Championships; they could check a list of free bet no deposit 2018 offers and potentially make their bet for free. Is it fair to take away those incentives from the customer?

1 Could UK Government Policy Threaten Online Betting Promos?

There is a fine line between the idea of a promotion and the “bet now!” command that is being looked at by the Advertising Standards Agency, but it’s hard to know where that line will be drawn in the future. Punters would be irate to learn that they can’t, for example, go to a bookie and find an incentive like a price boost on the current odds of 12/1 for Chelsea to win the Premier League.

In the end though, money usually settles these matters. While the UK Government has made moves on FOBTs, it was slow-acting because bookmaker shops were keen to point out that those betting terminals equate to jobs. 2017/18 was estimated to have raised £2.8 billion in gaming tax receipts for the UK Exchequer. The Government will be loath to jeopardise that income. The point is: if the bookies can make their case, those promos will be here to stay.

 

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European Gaming News

Pragmatic Play roars to life with 5 lions

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New release sees ancient spirits guarding amazing riches

15 June 2018: Pragmatic Play, the multi-award-winning games provider, has announced the launch of 5 Lions, a 3×5 video slot steeped in myth and legend.

Chinese iconography lights up the reels of 5 Lions, with turtles, phoenixes and dragons appearing covered in glittering gemstones.

The mystical lions of the game’s title act as the wild symbols, granting the player a random multiplier of up to 40x and springing to life when they appear in any winning line.

Melissa Summerfield, Chief Commercial Officer at Pragmatic Play, said: “Our suite of high quality games continues to go from strength to strength, and 5 Lions is a great addition that we are proud to introduce to our partners and players.

“The game’s mystical air is complemented by an engaging and visually satisfying array of bonus content, and it certainly has the potential to keep players coming back.”

Three gilded yin-yang symbols unlock 5 Lions unique free spins feature, expanding the three central reels to four symbols in height and boosting the potential ways to win from 243 to 576.

Players then have the opportunity to choose between seven lions, offering a wide selection of different multiplier ranges. These options range from six free spins with a range of high multipliers (15x, 30x, or 40x) to 25 free spins with a range of lower multipliers (2x, 3x, or 5x).

Pragmatic Play’s portfolio contains more than 80 proven HTML5 video slots, including Wolf Gold, Chilli Heat and The Champions. These titles are now live with a growing list of leading casino brands, including Mr Green, Betsson and LeoVegas.

For more information on this release or to arrange an interview please contact Tom Lewis at Square in the Air on 020 3586 8257 or tom.lewis@squareintheair.com

About Pragmatic Play

Pragmatic Play is one of the fastest growing providers of slots games in the online gaming industry. It has proven expertise in creating mobile and desktop content that engages modern players. Its expanding portfolio features more than 80 proven HTML5 titles, which support 26 languages and all major currencies, and are built on unique in-house designs.

The provider’s games are attuned to the needs of players and operators in regulated markets all over the world and are now a fixture on many of the leading casino brands.

For more information please visit http://pragmaticplay.com/

Source: European Gaming News

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