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Poker in Eastern Europe, here are some myths busted

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Poker in Eastern Europe, here are some myths busted

 

Reports claim that Eastern European countries have a high market share and that Russia is the second largest poker market after Germany. Just by claiming that Russia is part of Eastern Europe is a false claim and also if you judge by the incomes and players spend, you also are able to find that Eastern Europe doesn’t have a high market share when it comes to playing poker.

Even if there is no difference between between the skills of an Eastern European player who has a minimum wage of 450 EUR per month and the Western European players who likely makes more than 2500 EUR per month, the true grinders come from a different category.

The Eastern European poker players that are spending big are usually the expats living in Budapest, Bucharest (make sure not to mix these two), Bratislava or Prague for certain cost reasons and representing the region in market share. You can call them a sort of online poker players/digital nomads. There are even sites that promote Budapest a possible Poker Refugee camp for poker players that wanted to play online poker after “Black Friday” hit their favorite skill game.

Texas Hold’em has seen its fair share of popular times and it has certainly impacted the less developed countries in Eastern Europe. This happened at the beginning of 2004-2005 when everyone was imagining that their skills are similar to Daniel Negreanu’s, due to his origins from the region. During this period there hasn’t been any regulation in place and all players had the possibility of engaging into playing poker online on any poker room from around the world.

Things have changed in the mean time when the online gambling industry was regulated in Romania at the end of 2013 and things started shifting towards a more responsible industry in which players were fewer, but started spending more and stronger communities were built.

888poker has remained a key and trusted brand in the region, attracting players each year to WSOP Europe and also to their online poker room with the most realistic deposit bonuses and play methods.

We must also mention that WSOP Europe (WSOPE) is returning to King’s Resort Rozvadov for the third consecutive year, with the central Europe locale and venue playing host for the 2019 edition this Fall.

WSOPE is set to run from October 15 to November 4, again featuring 10 official WSOP gold bracelet events. In 2018, the event schedule saw 6,028 entries compete for €20,997,184 in prize money.

It is a very popular tournament that gives Eastern Europeans and all European players a chance to compete in the heart of Europe, easily accessible for everyone. It is by far the most popular event in Europe.

In order to sum it all up, there is nothing peculiar about the poker industry in Eastern Europe versus the poker industry from the other sides of the world, it’s just having trustworthy poker rooms that offer players from regulated jurisdictions to develop their poker skills and also compete in international tournaments.

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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Malta’s FIAU Publishes “Intelligence Factsheet” of STRs

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The Financial Intelligence Analysis Unit (FIAU) of Malta has published its “intelligence factsheet” which provides an overview of “suspicious transaction reports” (STRs) submitted by Malta Gaming Authority (MGA) licensees in 2019.

FIAU reported a total of 1445 STRs from 210 MGA licenced operators during 2019, continuing its 100% rise in suspicious transactions registered by its “CASPAR monitoring system” year-on-year trend.

A breakdown of results saw 32% (457 cases) of the total STRs submitted by three companies and a further 35% (498 cases) registered by another five licenced operators, with 72 organisations submitting the remaining 33% (approximately 486) of the STRs.

FIAU reported 741 STR cases related to online gambling for 2020, under which the enforcement unit continues to broaden its CASPAR system’s monitoring capability.

In its factsheet statement the FIAU detailed: “In most of the cases, the FIAU considers it more appropriate to send a spontaneous intelligence report to foreign FIUs rather than to trigger an investigation in Malta on the basis of STRs received from the remote gaming entities.

“Although the FIAU does not open its own in-depth analysis in these cases, the majority result in further dissemination to its foreign counterparts. As a result, information received through these submissions accounted for 35 percent of the total spontaneous intelligence reports shared with foreign FIUs in 2019.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Malta’s FIAU Publishes “Intelligence Factsheet” of STRs

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Scientific Games Integrates BlueRibbon’s Jackpot Solution into its OpenGaming Platform

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Scientific Games Integrates BlueRibbon’s Jackpot Solution into its OpenGaming Platform
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Scientific Games Corporation has integrated BlueRibbon’s customisable jackpot solution into its OpenGaming platform.

This new partnership strengthens Scientific Games’ OpenGaming, providing partners across regulated markets with the ability to create bespoke jackpots within games via BlueRibbon’s software.

Kaizen Gaming brand Stoiximan has become the first OpenGaming customer of Scientific Games to utilise the marketing tool following this new agreement, with the software to be rolled out with all the Company’s customers in the coming months.

“The unprecedented global reach that Scientific Games possesses with its OGS platform ensures that this new partnership is hugely significant to us. Integrating our software will open the door to many new opportunities. We’re excited to bring our highly effective solution to even more operators across the globe,” Amir Askarov, Co-Founder & CEO of BlueRibbon, said.

“Providing an innovative and wide product range has been our priority, and we wanted to include the customizable jackpot software that BlueRibbon provides into our offering. Following a seamless integration through Scientific Games’ OpenGaming, we’ve been in a position to produce a campaign that matches our needs and brand identity. The initial results demonstrate that we are heading to the right direction, with players appreciating the way in which we’ve delivered an improved user experience,” Dimokratis Papadimos, RNG Casino Manager at Kaizen Gaming, said.

“We’re excited to bring BlueRibbon’s innovative marketing and jackpot products to the OGS. Players are constantly looking for something new from their gaming sessions, and by bringing together our gamification technology with BlueRibbon’s software, it’s the perfect match to deliver an exciting new experience. Our philosophy is all about bringing cutting-edge innovation to our leading global network, and this new partnership delivers on that promise,” Dylan Slaney, SVP Gaming, Digital at Scientific Games, said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Scientific Games Integrates BlueRibbon’s Jackpot Solution into its OpenGaming Platform

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Challengermode hires key leaders and promotes internal talent to level up leadership team

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Challengermode hires key leaders and promotes internal talent to level up leadership team
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  • Challengermode makes dual appointments with Philip HĂĽbner promoted to CBDO and Dan-Alp Lindberg joining as CFO 

Leading esports platform Challengermode today announced the appointment of Dan-Alp Lindberg as Chief Financial Officer and the promotion of Philip HĂĽbner to Chief Business Development Officer. The hires follow a substantial period of growth and a $12 million investment round led by eWTP Innovation Fund, the global investment arm of the Alibaba Group, Telia Ventures and Swedish soccer legend Zlatan Ibrahimovic.

Joining Challengermode in 2017 as Head of Business Development, Hübner has previously been responsible for onboarding the very first partners at the company, as well as devising the company’s partnerships and business strategy. With a wealth of esports specific experience – his first involvement in the space as a competitive DOTA player – Philip has worked in a variety of positions, from marketing and communications to product management to business development and strategy – highlighting the value of a broad knowledge base to grow the business side of the industry. In his new role Hübner will draw on this experience to translate increased accessibility in esports into greater value for stakeholders.

Lindberg joins as Chief Financial Officer, where he will be responsible for the company’s revenue growth and profitability while managing risks and compliance in order to facilitate Challengermode’s continued high-growth journey. He has over 15 years of management experience at both large companies and scale-ups , including roles at IKEA as well as creative agency and entertainment company B-Reel. Linberg’s deep knowledge of finance, operations, risk and analytics makes him a valuable asset to Challengermode given its position in the constantly evolving world of esports.

“I’ve always been keen to help grow esports as an industry, even back when I was a competitor – so I am excited to be bringing that accumulated experience to my new role as CBDO” comments Philip Hübner Chief Business Development Officer at Challengermode. “For all its recent success, the esports industry is still relatively young, and is still in a process of change. While sponsorships and big event tournaments will continue to be important, our mission is to create new partnerships and new opportunities that will drive growth in the grassroots level of esports in the years to come.”

Dan-Alp Lindberg, Chief Financial Officer at Challengermode, said: “I am super excited to step into the role of CFO at Challengermode and look forward to continuing to roll out our esports platform internationally. I truly believe the team and this platform has incredible potential to accelerate the growth of esports, harness the space’s commercial potential, facilitate new business models and establish new revenue streams along the way.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Challengermode hires key leaders and promotes internal talent to level up leadership team

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