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Compliance Updates

Parimatch makes statement of intent for newly legalised Ukraine gambling industry

George Miller

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Parimatch makes statement of intent for newly legalised Ukraine gambling industry
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Following the signing of Bill No. 2285-d by President Volodymyr Zelenskyi to legalise the gambling industry in Ukraine, Parimatch, the international betting and technology company, has confirmed it will be bidding for the new operating licences in the country.

Parimatch, was founded in Ukraine in 1994 and was amongst the first bookmakers in the CIS region to transition into a digital betting platform. Today, Parimatch has expanded internationally to become a global betting and technology brand. The company now looks to build on its heritage to become the largest and most innovative operator in its home market.

Commenting on today’s signing, Sergey Portnov, CEO of Parimatch said: “I would firstly like to congratulate President Zelenskyi for delivering on his pledge to legalize gambling in Ukraine. He has a shown that he is a man of his word and we fully support his agenda to liberalize the local economy. Parimatch has long argued that the development of a fair and regulated betting industry will really benefit Ukraine.”

Parimatch’s strong commitment to the market is despite further clarity and reforms being required on the existing tax system in order to create a fair landscape for operators.

“We are fully committed to conquering our home market by delivering a product that can entertain the people of Ukraine. We are also proud that we can now contribute to the country’s economy and help grow its technology industry. However, for us to deliver these benefits in the long-term we need a fairer tax system which is currently too punitive and uncompetitive compared to similar international markets. It is vital that this is addressed as soon as possible to ensure the enduring viability of the industry in Ukraine.”

Compliance Updates

Solverde Group Secures Online Sports Betting Licence in Portugal

Niji Narayan

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Solverde Group Secures Online Sports Betting Licence in Portugal
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Solverde Group has secured online sports betting licence in Portugal. The new licence will enable Solverde to accept online sports bets through its Solverde.pt website.

Solverde, which operates five land-based casinos across Portugal, also holds an online casino licence in the country, offering a range of casino-style games via Casinosolverde.pt.

The new licence comes after the national regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) last month revealed that online gambling revenue drastically increased under lockdown.

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Central Europe

Berlin Interior Minister Andreas Geisel Approves German State Treaty

Niji Narayan

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Berlin Interior Minister Andreas Geisel Approves German State Treaty
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Berlin’s Interior Minister Andreas Geisel has approved the federal regulatory framework for gambling, clearing the way for the city mayor Michael Müller to sign the legislation.

Minister approved the current draft of Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) at the Berlin Senate hearing on September 15. However, it must now be presented to the city’s House of Representatives to be ratified by the Berlin parliament. The GlüNeuRStV must go through this process in each of Germany’s 16 states, and be signed by the head of state, and ratified by its parliament. In total, 13 of the 16 states must approve the legislation for it to come into force as planned from 30 June 2021.

However, states will begin to implement the Treaty from 15 October this year, under a transitional regime in which operators will be permitted to offer online sports betting, poker and slots.

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Compliance Updates

Sweden’s Spelinspektionen to Ban Betting on Sporting Violations

Niji Narayan

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Sweden’s Spelinspektionen to Ban Betting on Sporting Violations
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Spelinspektionen, the Swedish gambling regulator, is going to implement a ban on betting on sporting violations, including yellow and red cards, free kicks and penalties in football from 1 January 2021.

The regulator will also ban betting on all but the top four divisions of football in Sweden (Allsvenskan, Superettan, Division 1 Norra and Södra) and the six regional Division 2 leagues as well as on under-21 internationals. Betting on the individual performance of players aged under 18 will also be banned in all sports played in Sweden.

“Football is a high-risk sport when it comes to match-fixing and there are special risks with low divisions. Surveillance is poorer and practitioners do not make money from their sport. The Swedish Gambling Authority has therefore chosen to place special emphasis on football and has taken into account views received from the consultative bodies,” Spelinspektionen said.

Gustaf Hoffstedt, secretary general of online gaming operators’ association Branschföreningen för Onlinespel (BOS), criticised the move as political, claiming it was designed to appease the National Athletics Association, Swedish Football Association and politicians rather than enforce regulatory good sense.

He said: “Spelinspektionen claims to have found a well-balanced point between different interests but there is no balanced point in this matter. Either you believe restrictions for licensed companies lead to reduced match-fixing [or not].

“In that case, I wonder why Spelinspektionen can be content with these relatively peripheral restrictions. In that case, the only responsibility would be to impose restrictions on almost everything if one is so convinced that they have a positive effect.

“The Swedish Gambling Authority is often blamed for a lot of things when in fact it is the government that is to be held accountable.

“This case is unique however in that it is the SGA itself that has chosen to impose the restrictions and this without any analysis of their effect. This, of course, damages SGA’s reputation.”

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