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Andrei Andronic Interview

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9-7 Andrei Andronic InterviewReading Time: 3 minutes

 

European Gaming caught up with Playson’s Andrei Andronic who talks European expansion, regulated markets, and why the ever-evolving nature of compliance is the perfect partner for innovation and a stepping stone to opportunity.

 

European Gaming: Is increased compliance and stricter regulation stifling innovation in betting and gaming, or should it be seen as an opportunity for more creative solutions?

Andrei Andronic (AA): It really depends on how one sees and understands compliance and regulations. Personally, I am of the opinion that the days when compliance was considered a constraint on a business’ development or innovation are now gone and this view is quite outdated.

For a business to thrive in an industry where regulations are evolving at such a pace, the key to success is flexibility. Though some companies see compliance as something that needs to be weathered, the pace setters view them as an opportunity to prosper. To reap the rewards of industry developments, companies must adapt.

With more countries regulating and competition intensifying, operators are under more pressure than ever to secure an advantage. Companies should be able to adapt deftly and swiftly, meaning the evolution of compliance, regulation and the industry as a whole should be welcomed as an opportunity to flourish.

European Gaming: What are the particular challenges for operators and suppliers in Central and Eastern Europe at the moment?

AA: At the moment, operators face significant challenges. The regulatory regimes are so dynamic that it is a real struggle to keep up with new and ever-changing requirements or occasionally completely new licensing regimes. These processes can take years and be a very busy period for compliance specialists. With the lack of homogeny in Central and Eastern European regions, what works in one area is completely different in another. Playson recently secured a Class II Licence from the Romanian regulators (ONJN), a licence I had been working on right from the start, and one that meant a lot with Romania being my home country. Yet, even knowing the gambling infrastructure well, the process still took a long time, and inevitably would be a completely different experience if you compared it to other regulations.

Operators are also scrutinised more by the relevant authorities than suppliers, but on the other hand, suppliers face more legal challenges. Though the competition in these markets, especially in relation to compliance, can be used as a unique tool to gain an advantage.

Many companies are embracing and implementing compliance as potential boost to their success in Central and Eastern Europe as it mitigates the risk of regulatory actions. Ultimately it presents a company as solid, reliable and trustworthy partner.

European Gaming: What products and services are Playson putting in place to ensure they are both innovative and compliant at the same time?

AA: Our development/engineering, product and integration teams are doing a fantastic job and always creating interesting and unique products. We target regulated markets and ensure technical compliance with the help of our test lab.

When facilitating the evolution of compliance, innovation is an inherent by-product of staying ahead of the curve. At Playson, we are constantly training, be it in-house or utlisiing external workshops. All of our employees are kept up to date on the latest levels of compliance. There’s a truly cohesive structure here at Playson whereby those in all divisions are kept abreast of any changes in compliance, and training sessions can be suggested by any department in house to make sure we observe any updates to the social responsibility aspects and other regulatory requirements imposed to us through our licensing conditions.

European Gaming: How important are Central and Eastern European markets to Playson?

AA: Central and Eastern Europe is a big focus for us at the moment and we have made some prominent commercial advances into these areas over recent months. It’s a market that collectively we have a wealth of experience dealing with, and that as company, we see a huge amount of potential in. We’ve enhanced our position in markets such as Lithuania, Latvia, Italy with partnership deals and we recently obtained a Class II Romanian license by the ONJN.

These partnerships are not only a fantastic opportunity for us to have our games released to as many players as possible, but with each new market we enter we acquire more knowledge about regulations and territories. This makes us greater equipped to dealing with possible issues in a variety of regions should they arise, and ultimately makes us a more robust potential commercial partner.


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: Andrei Andronic Interview

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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Gaming Innovation Group to enter the Croatian market

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GiG-Croatia Gaming Innovation Group to enter the Croatian marketReading Time: 2 minutes

 

Gaming Innovation Group, Inc. (GiG) has today signed a share purchase agreement to acquire 75% of the shares of Croatian company Top Games d.o.o. (Top Games), a company which qualifies for a remote gambling permit.

The agreement provides market access to one of GiG’s in-house brands. It is based on a collaborative partnership model, expanding GiG’s B2C online gaming offering in a growing regulated market. Both parties will co-operate in the ongoing operation of the business.

GiG will acquire 75% of Top Games with the remaining 25% retained by the local partner who has a successful history in land-based casino businesses. The payment for this acquisition is solely based on a contribution of resources by the shareholders with no cash being paid. The local partner will upfront the initial costs, whereas GiG will provide rights of use of brand, a gambling platform and operational expertise.

GiG is planning to enter the online casino market in Croatia via this partnership in the first half of 2020. GiG expects moderate impact on its revenues deriving from this agreement from H2 2020 with an accelerated increase in revenue contribution from H1 2021.

Croatia has a population of approximately 4.1 million and is a regulated market, currently with six licensed online casinos. Croatia supports the locally regulated online operators by IP blocking both offshore and other non-regulated operators. The total gambling gross win in Croatia has an estimated total value of approximately €360 million in 2020e*. Online gambling in Croatia is subject to a gambling duty of 15%.

Richard Brown, acting CEO of GiG says: “I’m excited to further expand our B2C business by entering another regulated jurisdiction. Croatia is a very interesting marketplace for gambling and supports our strategy to grow our own brands in high potential and regulated markets. GiG has a track record of creating responsible gaming experiences with a captivating UX. This is a good opportunity to showcase the strength of our online casino offering and our passion for providing end users with a safe, responsible and competitive online gambling experience.”

The transaction is subject to the conclusion of regulatory approvals.

 


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: Gaming Innovation Group to enter the Croatian market

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Scout Gaming launches with the African licensee of the operator brand Betway

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betway-scout Scout Gaming launches with the African licensee of the operator brand BetwayReading Time: 1 minute

 

Scout Gaming launches with the operator brand Betway, initially for the African market under Betway’s African licensee partner. Betway was founded 2006 and is among the leading global operators, and the brand is currently operating under local licenses in a number of jurisdictions.

Betway’s African licensee partner has gained access to Scout Gaming’s full product portfolio and will launch in the upcoming weeks.

“We are proud that Betway’s African licensee partner selected us as their Fantasy Sports partner. They have quickly become market leaders in the region, and we are looking forward to support them as they expand,” comments Scout Gaming CEO, Andreas Ternstrom.

The agreement is not expected to have a material impact on Scout Gaming’s 2019 revenues but has the potential to have a significant effect on its revenues in future years, depending on the speed of rollout in the region.


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: Scout Gaming launches with the African licensee of the operator brand Betway

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Competitive gaming platform nicecactus.gg closes EUR 5 million Series A round and launches a grassroots esports sponsorship fund

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Nicecactus-Grassroots-Esports-Fund Competitive gaming platform nicecactus.gg closes EUR 5 million Series A round and launches a grassroots esports sponsorship fundReading Time: 2 minutes

 

First-of-its-kind grassroots esports sponsorship fund will allocate EUR 1 million (USD 1.1 million) to amateur and semi-professional esports athletes to support their professional development

Today, nicecactus.gg (previously Esport-Management.com), a competitive gaming platform dedicated to finding and raising the next generation of esports athletes, announced the closing of its EUR 5 million (USD 5.5 million) Series A round and the launch of a new product, the Nicecactus Grassroots Esports Fund, to pursue its next chapter of growth. The round was raised by a group of private investors and will be put towards building and refining the nicecactus.gg product offering, attracting top talent and scaling the business.

The EUR 1 million (USD 1.1 million) Nicecactus Grassroots Esports Fund (“the Fund”) will help amateur and semi-pro players and teams take the next step into professional gaming. Following a period of training on the nicecactus.gg platform, the Fund will accept applications from esports athletes for grants, which may be put towards activities like travel to and accommodation at tournaments they’ve qualified for, or to book bootcamps at professional training locations. Following a review of each application, grants will be awarded to those who have shown promise and consistency in tournaments and on nicecactus.gg’s soon-to-be-launched training game programs.

The key program dates are:

  • October 22, 2019 – registrations for the Nicecactus Grassroots Esports Fund start at nicecactus.gg/en/fund

  • December 20, 2019 – Road to Sponsorship opens for registered participants

  • January 27, 2020 – Fund application process opens for eligible athletes

  • February 27, 2020 – first grants are issued

 

“We deeply believe that if esports wants to enter the next stage of growth, it must be catered to and fostered at the grassroots level. By starting the Nicecactus Grassroots Esports Fund and raising additional capital to help unleash the full potential of every esports athlete, we further solidify our commitment to finding and raising the next generation of esports athletes,” said Alexandre Amoukteh, Co-Founder of nicecactus.gg. “Our new name, nicecactus, reflects our love for Nice, France — the bright, beautiful and sharp birthplace of our company. We want to create a place where everyone can forge their own path to pro by improving their skills and connecting amateur players with the pro world. Armed with our new name, funding and a new product, we’re one step closer to achieving that dream.”

“Our promise to the grassroots community is that nicecactus.gg helps players realize their true potential within competitive gaming. We do this by offering regular cash prize tournaments, providing access to pro esports guides and – in the near future – offering unique training games for our players to train and assess their progress,” said Nic van ‘t Schip, Marketing Director at nicecactus.gg. “We are proud to provide a platform for everyone to level up their game. And now, with our Nicecactus Grassroots Esports Fund, we’re excited to provide a new service to help the best-of-the-best reach the next rank in their esports careers.”

 

For more information please visit https://nicecactus.gg

 


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: Competitive gaming platform nicecactus.gg closes EUR 5 million Series A round and launches a grassroots esports sponsorship fund

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