Connect with us
SIS

Baltics

Lithuania Introduces Warnings on Gambling Advertisements

Niji Narayan

Published

on

Lithuania Introduces Warnings on Gambling Advertisements
Reading Time: 2 minutes

 

The Lithuanian parliament has passed a bill that will require all gambling ads to include warnings regarding gambling-related issues. The law will be effective from July 1, 2020.

This new legislation gives the Lithuanian Gaming Control Authority the responsibility for determining what content will contain the warning, as well as requires them to set standards for how this determination will be made.

“Gambling is not an evil in itself, but as the sector develops, it is important to be able to control the risks involved and minimize the negative consequences,” Mykolas Majauskas, one of the sponsors of the bill, said.

“There is no need to jam poles into the spokes of the gaming market’s wheels in a way that would pull it off the road, but at least you need to attach reflectors,” Mykolas Majauskas added.

According to the bill, the Gambling Authority will create a clear set of rules and make notes of what is working and where improvements are needed in the current legislation. The bill is a safeguard but legislators did not want it to snuff out the booming gambling industry in the country.

“We also expect a responsible and sensible approach to how these rules should be applied. That is, they would not apply, for example, to gambling branding on basketball players’ uniforms,” Majauskas said.

The legislation helps Lithuania to meet the same standards as many of the other countries in the European Union. While many are drawing huge revenues from the taxation from gambling, there is an ever-growing concern about the impact this industry is having in feeding gambling addictions and causing many to suffer economic hardship because of their addiction.

“Other countries in the European Union have very similar problems, they say: first, we need to educate; secondly, we must help those who have problems; third, we need to help people who have loved ones who have gambling problems. One of the basic tools for solving problems is public education, education through social advertising,” Majauskas said.

Baltics

Interactive workshop and exclusive round table discussions about emerging jurisdictions at Prague Gaming Summit 2020

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

RSVP based workshop and round table discussions at Prague Gaming Summit 2020 with leading experts.

 

As mentioned in earlier press releases, the 2020 edition of the Prague Gaming Summit, which will take place on the 6th of March at Vienna House Andel’s Prague, will bring new features to the program to boost the engagement among delegates but also supplement the content.

The 4th edition of the Prague Gaming Summit is featuring an exclusive interactive workshop that focuses on case studies on reducing expenses, modernizing your marketing efforts, harnessing new technology at low costs and using efficient time strategies.

The workshop is titled “Strategies that help you concentrate and focus on your business’ core functions “, and is limited to 30 delegates. The workshop will run in parallel with the panel discussions and will be held by Kostandina Zafirovska (General Manager of IT Labs).

Besides the very educational and interactive workshop, a limited amount of delegates also have the opportunity to join 4 region oriented round table discussions.

The exclusive round table discussions are core functionality of Prague Gaming Summit and gives delegates the opportunity to address more complex questions to the leading expert that have valuable information about each jurisdiction. Each country is assigned a round table where up to 10 delegates can sit in and formulate questions to the experts.

  • The roundtable discussion about the Czech Republic will be led by Jan Řehola (Director at IFGR and Partner at PS Legal).
  • The roundtable discussion about Poland will be led by Piotr Dynowski (Partner/Attorney at Law/Head of IP/Media/Tech&Comms Practice at Bird & Bird Poland).
  • The roundtable discussion about Ukraine will be led by Ievgeniia Derbal (Head of Legal at Parimatch) and Maksym Liashko (Partner at Parimatch).
  • The roundtable discussion about the Baltic region (Latvia, Lithuania, Estonia)will be led by Andrius Gabnys (Attorney At Law at Gabnys Law Firm).

Already registered delegates are asked to confirm their attendance for the workshop and round table discussion on the following link.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry via the Prague Gaming Summit platform, book your ticket now in order to avoid disappointment and also book a meeting with their team. The seats are limited!

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

Continue Reading

Baltics

UltraPlay signs deal with WINBET

George Miller

Published

on

UltraPlay signs deal with WINBET
Reading Time: 2 minutes

 

B2B iGaming company UltraPlay has signed a deal to provide its multi award-winning eSports betting solution to WINBET, an online betting website operating on the Bulgarian market.

UltraPlay’s eSports product will power up WINBET with its unrivaled coverage of competitive games, pre-match and live odds. WINBET will be one of the few sportsbooks on the Bulgarian market to offer extensive eSports coverage and effectively engage with the new generation of bettors. Combined with UltraPlay’s Hybrid eSports live betting model, real-time data, scores and settlements, WINBET’s players will receive fast and secure betting on eSports.

This partnership further confirms UltraPlay’s leading position in providing eSports betting solutions to sportsbooks across markets.

Mario Ovcharov, CEO of UltraPlay, said: “We are delighted to announce our new partnership with one of the leading licensed operators in Bulgaria. WINBET is a well-known and trusted brand with a rapidly growing sportsbook. We share a common vision for progress and long-term partnership, which will be bonded by eSports as a new and exciting vertical for their players.”

Tsvetin Yordanov, WINBET’s CEO, said: “WINBET is a brand that has always tried to offer the very best and diverse content to its clients. In adding eSports to our betting portfolio, I saw an opportunity to expand our market share by satisfying a newly emerging client demand, while continuing to follow our “brand way”. In order to achieve our goals we knew we had to find a reliable business partner, with a proven and successful product. I am very pleased that we found that partner in UltraPlay and I believe that this is the beginning of a long and very successful partnership.”

Over the last two years, UltraPlay has been awarded with twelve accolades for its overall eSports betting provision. The latest one for eSports Betting Software was received from the International Gaming Awards 2020, which were held in London last week. Following up with the ODDS.GG constant developments, the company has recently released its new web design, aligned with the latest UX/UI design trends.

Continue Reading

Baltics

Two Members of Bulgaria’s Gambling Commission Face Organised Crime Charges

Niji Narayan

Published

on

Two Members of Bulgaria’s Gambling Commission Face Organised Crime Charges
Reading Time: < 1 minute

 

A current and former member of Bulgaria’s Gambling Commission have been charged with involvement in an organised crime group allegedly headed by Vassil Bozhkov.

Plamen Georgiev was a member of the commission at the time that it was headed by Ognemir Mitev, who is reported to be among those taken into custody in a succession of prosecutors’ raids on the commission. Todor Markov has headed the control activities department since 2019.

The Specialised Criminal Court declined an application by prosecutors to remand Georgiev and Markov in custody, and ordered them into house arrest. The court ordered Georgiev and Markov not to contact officials at the Gambling Commission so as not to influence the investigation.

Reports quoted the prosecutor’s office as saying that, including Bozhkov, eight people had been the subject of criminal charges so far. Twenty-five witnesses have been questioned in the investigation into Bozhkov’s alleged organised crime group.

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.