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BETIXON LANDS MILESTONE DEAL WITH NOVIBET TO LAUNCH GAMES IN NEW GREEK MARKET

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BETIXON PARTNERS WITH LITHUANIA’S TOP BETTING BRAND, TOPSPORT
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The deal marks the debut of Betixon content in the new Greek licensing regime.

Mobile gaming specialist Betixon has sealed a landmark deal with leading sports betting operator Novibet that will see Betixon’s games appear for the first time in the new regulation regime in Greece.

In October 2019, the Greek parliament passed new laws to reform and regulate the online gambling market. The Hellenic Gaming Commission began issuing new licenses this year.

Novibet is a leading operator in both the UK and the new Greek market. The sports betting specialist has built a diverse casino platform, and the new deal represents its commitment to offering best-in-class casino products.

Under the terms of the deal, Novibet will have access to Betixon’s full portfolio of multiplatform casino games, fully tailored for the Greek market. These include top titles such as Boots of Luck, Wild Wolf and Age of Halvar, and the wildly popular Fortune Breakers series.

For Betixon, the deal represents its commitment to supporting newly regulated online gaming jurisdictions and to increasing its footprint across legal markets globally. The young company has built a network of strategic partnerships that have helped to increase distribution of its striking and innovative portfolio of games.

Lior CohenCo-founder and CTO of Betixon said: “This is a major milestone for us. We’re thrilled to be able to provide our games to the Greek market and it’s great that we can do it with Novibet, one of the leading operators. We want to be among the first to enter new markets as they regulate, and we think Greece is an exciting prospect with plenty of growth potential.

“We’re happy to work closely with the brand to ensure they will get premium exclusive and branded content on top of our growing top performing portfolio.”

Dimitris Argyriou, Business Development Manager at Novibet said: “Betixon are doing some of the most imaginative things in the gaming arena right now and their games achieve the high level of quality and engagement we want for our Greek customers. At Novibet we stay focused on providing the most personalised gaming experience to our members, which starts with offering them the most appealing content. I strongly believe that we will achieve great things together in this exciting market.”

Baltics

Lithuania Approves Creation of Online-only Gaming Licences

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The Seimas, Lithuania’s legislature, has approved the first reading of amendments that would allow online-only gaming licences in the country.

At the moment, only operators that have a licence to offer land-based gaming can hold a remote gambling permit in Lithuania. Online-only operators must partner with land-based licensees to be able to offer gaming in the country. The new amendments to legislation would introduce a specific online licence that wouldn’t require a partnership.

Operators who wish to apply for a licence would need to hold at least €1.2m in capital in the case of casino gaming, or €289,000 and €144,000 in the case of online sports betting and online horse racing betting respectively.

Meanwhile, a new fee would apply to all kinds of gambling licences. Licensees must pay a fee of €1m on receipt of their licence and an additional payment depending on the type of licence. That payment would be €300,000 for slots, €100,000 for bingo and €500,000 for remote gambling.

The amendments would also require the construction of new slot halls, bingo halls and betting shops to be approved by municipal councils.

The first reading of the amendments was approved with 74 votes in favour, seven against and 39 abstentions. A second reading is still needed before the proposals become law.

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Asia

Esports Officially Recognised as a Professional Sport in Thailand

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Esports has been officially recognised as a professional sport in Thailand meaning that players and organisations can now be supported by the Sports Authority of Thailand (SAT).

Esports’ popularity has soared in the country with the Thailand E-Sports Federation (TESF) running regular competitions, seminars and workshops.

The sport’s global revenues are projected to surpass $1.5 billion (£1.096 billion/€1.279 billion) by 2023.

The Government involvement could help Thailand become a prime destination for groups like ESL and the Professional Gamers League (PGL) to host their events.

Esports is set to be a medal event at the Hangzhou 2022 Asian Games in China after featuring in the 2018 edition as a demonstration sport.

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Compliance Updates

Dutch Gambling Regulator Imposes €531,250 Fine on Tipico

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Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a fine of €531,250 on Malta-based Tipico Co. Ltd. for illegally offering online games of chance to Dutch consumers.

The online games of chance were offered via the tipico.com website. A starting fine of 200,000 euros applies for this violation. The fine was increased 3 times by 75,000 euros: once for the bonuses on offer and the large number of games and bets offered, once for the use of an inactivity fee and once for offering live betting.

This form of betting carries a higher addiction risk than bets that can only be made before the start of matches. Furthermore, the fine was increased because the age of the players was not visibly verified. Tipico’s website can no longer be reached with a Dutch IP address.

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