Connect with us
SIS

Compliance Updates

Breaking News: Legalisation of Gambling in Ukraine has been adopted in the first reading

Zoltan Tundik

Published

on

Image by Kurious from Pixabay
Reading Time: 2 minutes

 

The international holding Parimatch welcomes the decision from Parliament on the legislative regulation of gambling in Ukraine.

The adoption of Bill 2285-D in its first reading is the first step towards creating a fair and transparent gambling market, which will, in turn, attract investment and introduce new technology to the country. Once legalized, the market will create thousands of jobs, contribute to both state and local budgets, lead to an increase
in tourism, and will help to counter corruption in professional sports. Also, the increased tax revenues generated will provide much-needed funds to support culture, medicine, and sports in Ukraine.

In order for gambling to be fit for legalization and become an important contributor to the state and society, it is critical that laws are developed in line with best-practice international standards.

Any investor should feel that the market conditions are fair, and, above all, taxation is reasonable. Therefore, by the second reading, we expect amendments will be prepared for the Tax Code of Ukraine. It is essential to balance the price of licenses with tax burdens. International business and Ukrainian companies will not be able to invest in the Ukrainian economy without an understanding of the taxation concept and a transparent model of return on investment.

People’s deputies of Ukraine shoulder great responsibility when preparing the bill for its second reading, which must meet the highest international standards for legalizing the gambling industry.

Parimatch is open to dialogue and working with lawmakers as part of the finalization of the bill. They are happy to share their comprehensive global expertise and knowledge gained over the years operating as a successful, internationally focused and responsible gambling company.

A major compliance-related update of the Ukrainian gambling industry will be presented during the Prague Gaming Summit by Evgenia Derbal (Head of Legal at Parimatch) and Maksym Liashko (Partner at Parimatch) 

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Continue Reading

Compliance Updates

Adriana Maldonado Unveils Initiative to Regulate Online Gambling

Niji Narayan

Published

on

Adriana Maldonado Unveils Initiative to Regulate Online Gambling
Reading Time: < 1 minute

 

PSN MP Adriana Maldonado, a member of the Committee on the Internal Markets and Consumer Protection, has unveiled an initiative in the European Parliament to regulate online gambling and advertising.

The Socialist Europarliamentary has sent a letter to all members of the European Parliament to collect the maximum number of signatures and send it to the Internal Market Commissioner, Thierry Breton.

The brief aims to “alert the problem of online gaming at social and national level in all member states. In the letter, the MP considers that “the efforts of the European Commission for the EU countries to share good practices, cooperate with each other and even apply measures voluntarily, have not been sufficient.”

She urges the Community Executive to “establish a legislative framework with minimum European standards in the field of online gaming advertising” as “the ads are often misleading and biased and can lead to insane and harmful behaviours.”

Measures to limit the gaming industry in Spain will launch in the coming weeks. However, it has already transpired that gambling advertising in Spain will be allowed for 4 hours in the morning ( 1 to 5 am).

Continue Reading

Compliance Updates

Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden

Niji Narayan

Published

on

Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden
Reading Time: < 1 minute

 

Swedish gambling regulator Spelinspektionen has blocked the relaunch of Ninja Casino in Sweden.

An application was submitted to Spelinspektionen following a license transfer by the owners of Ninja Casino to another company, who already had a license granted.

However, following “serious violations” of gambling laws in Sweden, the regulator deemed it “highly inappropriate” that such re-launch attempt had taken place between Global Gaming and Viral Interactive.

“[It was] highly inappropriate that Viral Interactive Ltd has chosen a collaboration involving two players who have committed serious violations,” Spelinspektionen said.

Following the rejection, the gambling authority stated that Viral Interactive and Global Gaming’s running of Ninja Casino did not meet gaming operation requirements to ensure “controlled and security assured forms.”

“It is noteworthy that the Swedish Gambling Authority, after almost five months of deliberation, chooses to reject Viral Interactive’s application to add Ninjacasino.se. Viral Interactive cannot in any way be regarded as a party in the legal procedure currently in place between SafeEnt and the Swedish Gambling Authority and cannot be held responsible for any marketing previously conducted by Elec Games,” Tobias Fagerlund of Global Gaming said.

“It is obvious to me that there is a lot of prestige in the Swedish Gambling Authority’s decision and that the Swedish Gambling Authority continues to make questionable decisions which in our opinion lack clear support in the legislation,” Tobias Fagerlund added.

Continue Reading

Compliance Updates

Stakelogic Receives ISO 27001 Certification

Niji Narayan

Published

on

Stakelogic Receives ISO 27001 Certification
Reading Time: < 1 minute

 

Stakelogic has received ISO 27001 certification for its best-practice information security management systems.

To receive the accreditation, Stakelogic was subjected to an independent, expert assessment of its data protection practices and procedures which were found to meet the gold standards set by the International Organisation for Standardisation and the International Electrotechnical Commission.

The accreditation means that operators that integrate Stakelogic’s games, and the players that play them, can be certain that the popular developer’s information security management systems are among the most secure in the industry.

“We are very proud to have secured ISO 27001 accreditation as it is the formalisation of our excellent policies and procedures on data security management. The accreditation means that operators and players can be certain that any information that passes through our systems is being protected to the highest possible standards. We believe this marks us out as one of the most reputable developers in the industry,” Stephan van den Oetelaar, CEO of Stakelogic, said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.