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In-play, mobile, virtual games, eSports and artificial intelligence are just a few of the digital trends driving the worldwide sports betting industry – NSoft offers it all, and much more, in its product portfolio palette
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NSoft, sports betting and gaming software company located in Mostar, Bosnia, and Herzegovina creates virtual games, sportsbook software, and a turnkey gaming management platform for retail betting shops, gaming terminals, web and mobile application channels. Games include virtual races and sports matches, lottery games, virtual draw-based games, and sports betting.
Lucky Six represents one of NSoft’s most popular products, even in the African market. Apart from the omnichannel support (retail, terminal, mobile, and web) NSoft provides the possibility to integrate Lucky Six to third party websites as a widget.
Being one of the most popular games in the casino world, NSoft wanted to bring roulette closer to the betting players. The brand new Roulette, available in two versions European & American has instantly become very popular among players in the African market.
As the online betting industry has grown exponentially in recent years, so too has NSoft’s global footprint. Deloitte has consecutively named NSoft a Fast 50 tech company in Central Europe in the past three years.
Africa’s rising opportunities
Especially in high-growth markets such as Africa, understanding new technologies will be essential to scalable success and differentiation in an increasingly crowded market. Beyond developing games and applications, NSoft must follow strict country-by-country legal compliance, tax policy, and security protocols. NSoft, by having its Data Protection office, does not solely ensure the company’s compliance with the GDPR, but promotes the importance of data integrity and data protection.
Doing Business captured a record 314 regulatory reforms between June 2, 2017, and May 1, 2018. Worldwide, 128 economies introduced substantial regulatory improvements making it easier to do business in all areas measured by Doing Business.
The economies with the most notable improvement in Doing Business 2019 are Afghanistan, Djibouti, China, Azerbaijan, India, Togo, Kenya, Côte d’Ivoire, Turkey and Rwanda.
One-third of all business regulatory reforms recorded by Doing Business 2019 were in the economies of Sub-Saharan Africa. With a total of 107 reforms, Sub-Saharan Africa once again has a record number this year.
“We’re traditionally very strong in Central and Eastern Europe, but the fastest growth we’re experiencing in Africa’s large market and we are fully aware of the huge potential that this region has. Africa as the rising star on the iGaming market has been especially interesting when it comes to a real omnichannel experience, explains Davor Konjevod, Regional Sales Manager.
‘’African countries are high on the agendas of all important operators due to their infrastructure, mobile penetration and legislation already in place. Even though the sportsbook is very popular, and will continue to grow, all aspects of the African industry will continue to register a growth of the mobile and online channels and NSoft is closely monitoring the market movements.’’, Davor adds.
‘’Nevertheless, the players’ interest in Sportsbook is undoubted, we have been closely collaborating with 100+ of our customers across the world in order to deliver the best Self Managed Pre-Match Application out there. We mostly work with Betradar’s MTS which is brilliant for small and medium customers – it reduces their operational costs, provides certainty in terms of profit and they only need to focus on marketing. Once they get to the point they are big enough that they want to take risk management in their own hands, we provide the option to continue working with us through Self Managed. So, Self Managed at its core is not revolutionary towards the players, it’s revolutionary for the betting operators because now – it is a sophisticated application that helps create small, fine details within customer’s Pre-Match sports betting operations, providing an extra mile in front of competition without jeopardizing player’s habits. As an alternative of printed Pre-Match betting offers NSoft has developed on-screen rotating visualizations with GUI¸ based configuration depending on different and specific clients’ needs.” adds Aluwani Mukhudwana, Regional sales manager.
Commenting on NSoft’s advancements for Africa’s market, Konjevod adds: ‘’Africa’s low internet speed coverage represents one of the main issues for betting businesses around the continent. This is why NSoft adjusted its products for the satellite stream solution, which is currently in the testing phase by NSoft’s selected clients.’’
Omnichannel presence as the imperative
NSoft creates interactive games played in a variety of settings, from users’ phones and computers to retail terminals and betting shops. The games and apps are developed in-house and licensed to providers and retailers across the world.
“Our games can be easily integrated into other platforms and we can customize our games to clients in their native language across the 30-plus countries we serve,” said Davor.
Notably, NSoft developed Seven – a comprehensive, turnkey platform for managing core betting business operations. Betting operators who were previously juggling a plethora of games and sportsbooks from different providers can now consolidate everything on NSoft’s platform.
Explaining the Seven’s power, Aluwani emphasizes: ‘’Seven includes modules, applications, and APIs that serve as a foundation for stacking products and offering them to their operator clients. The platform handles users, transactions and reporters on an intuitive framework to aggregate betting and gaming products from third-party vendors like NSoft. To simplify implementation and lower the client’s investment in new hardware needed for retail channel, NSoft has developed a preinstalled mini PC that satisfies all client requirements to run NSoft Seven products. Nevertheless, with the Internet era, web and mobile betting solutions have become very popular, and it demands multiple payment methods for players, so NSoft is developing a service that aims to implement easy integration of payment methods into Seven Platform enabling the integration of more than 200 different payment methods.’’
NSoft’s perennial innovation – NSoft Vision
NSoft’s development team is currently working on new AI facial recognition and video management solution, NSoft Vision, that will be available to all niches, regardless of business type or industry.
NSoft Vision is a facial recognition application that harvests the power of AI to improve security and data collection for retail-oriented businesses. Aluwani explains: ‘’Simply put, Vision is an AI video management software created with the user experience as a top priority providing support for easy-to-use tools for feature management, analysis, and utilization of video data and image data.’’
On the top of conventional video surveillance features built into the software, NSoft Vision is encompassed with the number of artificial intelligence inputs. An effective video surveillance system is a crucial component of a comprehensive security strategy including the diverse reporting insights of overall business performance, customer relationship and profit generation.
Powerful features such as Facial Recognition with the addition of age and gender prediction enable software users to identify their customers in relation to their business. Utilizing AI features allows businesses to do a thorough player profiling, get an overall understanding of customer behavior, obtain a wide range of demographic insights, adjust the decision-making process to customer needs and thus scale their business.
NSoft is pioneering with its innovative technologies and naturally wants to showcase its extensive product portfolio at Africa’s market where the gaming industry is growing exponentially.
For more information contact NSoft sales team at [email protected]
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: In-play, mobile, virtual games, eSports and artificial intelligence are just a few of the digital trends driving the worldwide sports betting industry – NSoft offers it all, and much more, in its product portfolio palette
Definitions
Certificate Application: The CGA may issue a certificate, for a period of up to three years, to natural persons or legal entities offering gaming-related services or goods to holders of a license. Categories of entities requiring certification will be issued separately by CGA in a Certification Policy.
Domain: The unique address used to identify a website on the internet. A policy regarding the acceptability of Mirror Domains and applicable fees in this regard will be issued separately by the CGA.
Gambling License: B2C Operating license
Listed UBO: a UBO which shares are publicly traded on an exchange.
Qualified Interest Holder: A natural person holding direct or indirect interest of at least ten percent of the subscribed share capital, or a similar interest, or the ability to directly or indirectly exercise at least ten percent of the voting rights, or similar control.
Supplier License: B2B platform/software license
UBO: A natural person who is the ultimate owner, or has ultimate control, of a legal entity, by directly or indirectly holding more than ten percent of the shares, voting rights, or ownership interests in that legal entity.
Application Fee
B2C Applications (Gaming license)
A non-refundable fee must be paid prior to a license application being processed by the CGA.
| Application fee for B2C license | One-time | EUR 4,592 |
| UBO | Each person, one-time fee | EUR 150 |
| Qualified Interest Holder | Each person, one-time fee | EUR 150 |
| Listed UBO Addition | Each entity | EUR 2,551 |
B2B Applications (Supplier license)
A non-refundable fee must be paid prior to a license application being processed by the CGA.
| Application fee for B2B license | One-time | EUR 4,592 |
| UBO | Each person, one-time fee | EUR 150 |
| Qualified Interest Holder | Each person, one-time fee | EUR 128 |
| Listed UBO Addition | Each entity | EUR 2,551 |
Annual Fees – B2C
First Invoice
Initial Annual Fees are calculated pro-rata for the year of issuance. These are required to be paid within 14 days of notification by the CGA to the local director of the company of the license grant.
Annual Fees
Annual Fees are for all subsequent years are payable in full by January 15th on receipt of invoices by the CGA.
There will be two invoices simultaneously issued. One for the Curacao government (National Treasury) (the License Fee) and one for the CGA (the Supervisory Fee) each payable in full electronically in accordance with banking instructions specified on each invoice.
All fees are non-refundable.
| License Fee (to National Treasury) | Annually in full by 15th January | EUR 24,490 |
| Supervisory Fee (to CGA) | Annually in full by 15th January | EUR 22,960 |
| TOTAL | EUR 47,450 | |
Annual Fee – B2B
First Invoice
Initial Annual Fees are calculated pro-rata for the year of issuance. These are required to be paid within 14 days of notification by the CGA to the local director of the company of the license grant.
Annual Fees
Annual Fees for all subsequent years are payable in full by January 15th on receipt of invoice by the CGA.
The fee is payable in full electronically in accordance with banking instructions specified on the invoice.
All fees are non-refundable.
| License Fee to National Treasury | Not applicable for B2B | EUR 0 |
| Supervisory Fee (to CGA) | Annually in full by 15th January | EUR 24,490 |
| TOTAL | EUR 24,490 | |
Other Administrative Fees
| Addition of domains | One-time payment on | EUR 250 |
| application to add domain to | ||
| license | ||
| Certificate Application | One-time payment on | EUR 383 |
| application | ||
| Change or addition in UBO | Per person | EUR 128 |
| Change or addition of Qualified Interest Holder | Per person | EUR 128 |
Transition Period 2025
Under the NOOGH (the legislation prior to enactment of the LOK) there was only one single type of fee of ANG 120,000 for any issued license; which was charged by way of an initial fee, followed by monthly fees.
Under the LOK both B2C and B2B fees exist. To this end transition fees will apply to holders of licenses issued under the NOOGH.
- No further invoices under NOOGH will be issued.
- No further monthly invoices will be issued.
IRRESPECTIVE OF THE ABOVE POINTS 1 AND 2, ANY LICENSE HOLDER (B2C, B2B2C and B2B) WITH OUTSTANDING INVOICES THAT HAVE ALREADY BEEN ISSUED MUST BE PAID IN ACCORDANCE WITH THE TERMS OF THE INVOICE IN ORDER FOR CONTINUITY OF LICENSE HOLDERS OPERATIONS.
NOOGH B2C License Holders – Green Seal
For avoidance of doubt regarding this transition period a B2C license holder under NOOGH includes both B2C and B2B2C.
To facilitate the transition license holders at the point of LOK enactment (i.e. Green Seal holders) will be issued with four individual invoices over the course of 2025.
| Annual License fee to Curacao Government | Jan – Jun: EUR 12,245 (Invoiced Feb 2025) |
| (National Treasury) | July – Dec: EUR 12,245 (Invoiced June 2025) |
| Annual Supervisory fee to CGA | Jan – Jun: EUR 11,480 (Invoiced Feb 2025) |
| July – Dec: EUR 11,480 (Invoiced June 2025) | |
Each invoice must be paid in accordance with the terms of that invoice. For clarity, the separation of invoices in this manner (Payable for periods of 6 months) is for 2025 only in order to accommodate the transition period of LOK provisional licenses – which allows a period of 6 months to reach compliance with the LOK (followed by an additional 6 months as required and if permitted by the CGA). In July provisional license holders who are non-compliant and are not granted the further 6-month period to become complaint will not be issued with the second invoice and their license will be revoked.
NOOGH B2C Approved (No Green Seal yet)
An approved license holder is only formally granted the license and issued with the Green Seal on payment of their initial invoice. If the CGA approved a B2C operator in 2024 but their initial invoice was not paid prior to December 24TH the following applies.
- The license holder must pay the outstanding invoice (if they have not already)
- The amount paid for that invoice will be credited against the first 2025 invoice to the National Treasury (i.e. The annual LOK license fee is EUR 24,490).
- This operator will subsequently receive an invoice during 2025 for the amount outstanding to complete the whole amount of the LOK license fee. (the remaining balance of the License Fee to the National Treasury)
- The operator will receive the invoices of the Supervisory Fee to the CGA. (i.e. The annual supervisory fee is EUR 22,960)
B2B License Holders
No further invoices will be issued under NOOGH fees in 2025. However, any invoices that have already been issued in 2024 with payment outstanding by should be paid by the license holder.
B2B license holders
Annual Supervisory fee to CGA
Jan – Jun: EUR 11,480 (Invoiced Feb 2025)
July – Dec: EUR 11,480 (Invoiced June 2025)
Each invoice must be paid in accordance with the terms of that invoice. For clarity, the separation of invoices in this manner (Payable for periods of 6 months) is for 2025 only in order to accommodate the transition period of LOK provisional licenses – which allows a period of 6 months to reach compliance with the LOK (followed by an additional 6 months as required and if permitted by the CGA). In July provisional licensed holders who are non-compliant and are not granted the further 6-month period to become complaint will not be issued with the second invoice and their license will be revoked.
Please note, the CGA is aware that due to fee reduction for B2B license holders under the LOK that some license holders will have overpaid during 2024. The CGA will inform the operator on a case-by-case basis about how the CGA and/ or the National Treasury will handle any overpayment done in 2024, by crediting future invoices.
Changing license type
Existing license holders who wish to change their license type (from B2C or B2B2C to a B2B) will be required to follow an administrative process once the CGA portal re-opens in mid-March. Further information on the administrative process and fees will be announced shortly.
Invoicing Process
The CGA will email the invoice to the email address provided by the local director and will also send a ticket in the online portal announcing that an invoice has been issued.
Notice
- Please note that in the event of any discrepancies between this announcement and the LOK, the LOK will always take precedence.
- The amounts mentioned in this document may be modified by national decree containing general measures.
The post License Fees under the National Ordinance on Games of Chance (“LOK”) appeared first on European Gaming Industry News.
Prosperity, Strength, and Fortune are the foundations of the Xing Fú Fortune™ Money Trees’ entertaining power. The latest addition to FBM®’s slots portfolio offers a fresh gaming experience with a bonus mode where players can try up to seven gaming dynamics based on three money trees and conquer four jackpots. Xing Fú Fortune Money Trees is a 243-ways game introducing novelty and value to FBM®’s slot lineup. Its unique mechanic, centered around three money trees, keeps players guessing what gaming dynamic they will experience in the link bonus. This element of surprise increases the players’ engagement and retention levels, allowing casino operators to offer a product that blends an exciting gameplay with compelling payouts.
Three Money Trees open a fortune-filled bonus
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- Fortune – the Fortune coins are green, and have the collector effect. When they appear on the reels, they accumulate the value of all the other coins.
When two or more money trees activate the bonus simultaneously, their effects combine, enabling players to secure impressive wins. But that is not all about the rewarding power of the Xing Fú Fortune link bonus.
This game mode is also the gateway to obtain one of the four jackpots: Mini, Minor, Major or Grand. To obtain a Mini, Minor, and Major jackpot, players just need to get jackpot coins during the bonus rounds and wait for the final revelation. The Grand jackpot is achievable through a single coin and by filling all the 15 positions available in the reels during the bonus.
An Oriental-themed slot to play on two casino cabinets
Xing Fú Fortune Money Trees immerses players in a world inspired by Oriental culture, featuring bonsais, dragons, frogs, carps, ema plaques, and fans. The sounds and graphics developed for the game merge with these visual references to deliver an authentic Asian gaming experience.
Available for the Galaxy II and Auria casino cabinets, this slot game ensures a friendly integration on different casino floor layouts.
Following the recent launch of Jin Qián Link Spirits™, FBM® continues to expand its offer to slots fans in Mexico. Xing Fú Fortune Money Trees reinforces the brand’s commitment to bringing disruptive, trustful, and high-performing casino games that can add value to the casino operator’s portfolios.
The post Grow the Xing Fú Fortune™ Money Trees and collect golden prizes with FBM®! appeared first on European Gaming Industry News.
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