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Slovakia plans on adopting a new gambling law

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Slovakia has recently submitted a new draft legislation to the European Commission that aims to introduce some major changes in the way the country regulates the gambling industry. Joining the recent trend that has swept throughout Europe, Slovakia aims to liberalize the gambling market with the new draft and effectively make it easier for international companies to offer their services to the Slovakian market. The draft Act on Gambling was submitted to EC by the Slovak Ministry of Finance on July 25, 2018. EC has three months to review the proposal, during which time the draft will be in a standstill, meaning it will not be able to take effect.

The new draft lets the state keep monopoly over some gambling activities while allowing international companies to enter the market in others

As reported by Casinopånett.eu, similarly to what Sweden is planning, Slovakia will allow the national provider – Tipos, to maintain its monopoly in certain parts of the industry, like the provision of online lottery and bingo. On the other hand, international companies will be able to offer the customers online casino games but to do so they will have to obtain licenses from the regulators. The authorities have been open about the fact that they are actively studying the experience of other European countries with similar matters to base their decisions on. Representatives from the government commented that the regulators want to take “the technological progress and the findings of regulatory authorities in other European countries into account more fully.”

Some of the other changes considered in the draft include allowing Slovak municipalities more authority when it comes to regulating gambling activities. It will be up to the judgment of local authorities to determine whether to allow land-based gambling activity on their territories or not. This piece of legislation might appease the critics of the gambling industry. Furthermore, the draft proposes establishing a separate regulatory body to oversee the gambling industry. The Regulatory Office of Gambling will be tasked with this as well as issuing the licenses to the companies.

The authorities see the deregulation as a second wave after the country cracked down on illegal gambling providers. Peter Papanek, who is the head of the Association of Betting Companies of the Slovak Republic commented: “The state began blocking illegal companies. But that was only the first step. Now comes the second, clear rules for everyone – anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions.” Furthermore, he emphasized the need of liberalization as a means to stifle the illegal activities saying: “Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally.”

The Remote Gaming Association criticizes the new draft

RGA has openly expressed that the new draft will attract more international operators, which is good for the industry. On the other hand, the organization would have liked the draft to go even further with its liberal approach. For example, RGA commented that the proposed licensing fees would be almost ten times higher than those of the neighboring countries, which would put Slovakia at a competitive disadvantage and discourage many international operators from entering the market. Furthermore, the organization criticized the fact that the issue of sports betting licenses is delayed for a year after the rest of the market is deregulated. “We argue that this provision is discriminatory against European companies, is not based on sound public-policy objectives, and is effectively aimed to protect local sports betting licensees from competition,” – Pierre Tournier, the RGA’s director of government relations commented on the issue.

Full article available here: https://casinopånett.eu/nyheter/slovakia-planlegger-ny-gamblinglov/


Source: Latest News on European Gaming Media Network

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.

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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