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The Head of Montenegrin Gaming Authority Announces New Law in 2024 Amid Police Investigations of Illegal Retail Locations

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The Head of Montenegrin Gaming Authority Announces New Law in 2024 Amid Police Investigations of Illegal Retail Locations
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In a move to safeguard the integrity of Montenegro’s betting and gaming industry, the head of the Gaming Authority of Montenegro has announced earlier this week the adoption of a stringent new law in 2023.

The announcement of new legislation emerges in the wake of ongoing police investigations targeting illegal retail gambling locations, particularly those that have falsified the distance data from educational institutions to obtain operational licenses. The law signifies a crucial step towards rectifying these issues, aiming to restore fairness and legality within the sector.

Stricter Regulations on Retail Locations

The new Law, as announced, will introduce rigorous checks for retail facilities, with a special focus on their reported distance from schools and other educational facilities. This move is a response to the increasing instances of retail locations providing misleading information to navigate around legal requirements.

With police forces now actively involved, the government is cracking down on these deceptive practices, ensuring that all gambling operations comply with the highest standards of integrity and legality.

Ensuring Compliance and Integrity

As announced, the pending change in legislation will not merely be about enforcing rules, but also to restore trust in Montenegro’s gaming industry. By targeting illegal retail operations, the authority aims to create a level playing field for all participants, ensuring that competition is fair and based on adherence to regulations.

The rollout of this law is timely, considering the challenges and discrepancies previously plaguing the industry and very recent amendments that took place already in December 2023. It addresses critical concerns by ensuring that retail gambling establishments operate within legal boundaries of legality, particularly in relation to vulnerable populations. With these measures, Montenegro is taking significant strides towards establishing a gambling environment that is not only profitable but also principled and transparent.

Balkans

WorldMatch Announces Partnership with Slotino

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WorldMatch has announced a new partnership with Slotino, one of the fastest-growing online gaming platforms. This strategic collaboration aims to bring WorldMatchā€™s top-tier gaming solutions to an even wider audience, enhancing the player experience on Slotinoā€™s dynamic platform with a range of high-quality, engaging titles.

With over two decades of expertise in the online gaming industry, WorldMatch is renowned for its unique approach to game development, blending advanced graphics, immersive gameplay and sophisticated mathematical models. This partnership will allow Slotinoā€™s players to access WorldMatchā€™s portfolio of cutting-edge casino games, including popular slot titles and fresh new releases that offer captivating themes and rewarding experiences.

ā€œWe are thrilled to partner with Slotino, a platform that shares our commitment to delivering outstanding gaming experiences. This collaboration will enable us to reach a broader audience in Bulgaria and introduce our world-class games to new players. Slotinoā€™s innovative approach to the market aligns perfectly with our vision of combining creativity, technology, and player satisfaction,ā€ said Xhuljana Demerxhiu, Head of Sales at WorldMatch.

Through this partnership, Slotino will now feature some of WorldMatchā€™s most successful games, known for their smooth performance, high-definition graphics and engaging features. Players can expect a seamless integration of these titles, enhancing their overall gaming experience on Slotino.

ā€œWe are very excited to partner with WorldMatch in our first year of operation. As a company striving to bring a new feel on the Bulgarian market and centered around user experience and the ultimate journey for players, we have found our match. We are convinced that the portfolio of games offered by WorldMatch will bring a whole new dimension of excitement and winning for our players,ā€ Vasil Stumbov, Director at Slotino, said.

This collaboration marks an important milestone for WorldMatch as it continues to expand its presence in the international online gaming market. By partnering with Slotino, WorldMatch reinforces its position as a key player in the industry, delivering innovative gaming solutions to a growing global audience.

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Balkans

Bulgariaā€™s National Revenue Agency Shuts Down More Than 2500 Unlicensed Gambling Websites This Year

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So far this year, Bulgariaā€™s National Revenue Agency (NRA) has shut down over 2500 gambling websites operated by entities without an active gambling licence under the gambling law, NRA said in a press release.

In September, NRA Executive Director Rumen Spetsov issued over 640 decisions to halt the operations of online betting platforms without the required permits in the country. After the NRA publishes a decision, the affected websites have three days to cease operations. If they fail to comply, the NRA refers the case to the court, which may instruct internet service providers (ISPs) to block access to the non-compliant websites.

Decisions by the NRA and court rulings are available in the Online Gambling section of NRAā€™s website. NRA also keeps an updated register of gambling websites run by entities lacking a valid gambling operations permit.

NRA encourages online users to report unlicensed betting websites by emailing a specific address. The report should include the websiteā€™s name and the userā€™s ISP.

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Balkans

SOFTSWISS Gets Certification for Its Jackpot Aggregator in Bulgaria

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SOFTSWISS Gets Certification for Its Jackpot Aggregator in Bulgaria
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SOFTSWISS, a leading technology provider for iGaming, has further solidified its presence in the European market by securing certification for its Jackpot Aggregator in Bulgaria.Ā 

The iGaming market in Bulgaria is experiencing significant growth, attracting new businesses despite stringent domestic regulations. The market is projected to generate 168.70 million euro in revenue by 2028, with an annual growth rate of 5.42%. The number of users is expected to reach 377.3 thousand by the same year, further highlighting the sectorā€™s momentum.

In line with this growth, SOFTSWISS announces that its Jackpot Aggregator has received certification from Gaming Laboratories International (GLI), ensuring it meets all technical requirements for use in the Bulgarian market. With the new certification of the SOFTSWISS Jackpot Aggregator, Bulgarian-licensed operators can integrate this advanced engagement tool into their casino offerings.

In May, SOFTSWISS successfully entered the Bulgarian market through a partnership with Topwin.bg, which implemented the SOFTSWISS Casino Platform, the Game Aggregator, and the Sportsbook.

ā€œWe are seeing a strong surge in interest in our jackpot mechanic, fueled by the growing demand for engagement tools in the market. Thatā€™s why we are committed to further developing the Jackpot Aggregator, enhancing its features, and expanding into new markets. Certification for the Bulgarian market is a clear testament to our ambition and drive for expansion. We are actively working on obtaining certifications in other jurisdictions,ā€ comments Angelina Stasiuk, Head of Business Line at SOFTSWISS Jackpot Aggregator.

SOFTSWISS has several international and national licences and certifications, including a South African licence acquired through the purchase of a majority stake in Turfsport. The company recently announced its plans to become the first certified software provider in Brazil.

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The companyā€™s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka Affiliate Platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.

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