Balkans

EOGL Sarajevo Post-Event News: “Taxation in the European Gaming Industry”

Published

7 years ago

January 27, 2017

Zoltan Tundik

Reading Time: 3 minutes

The International conference was held in Sarajevo “Taxation in the European Gaming Industry”

On January 25th 2017 European Organization for Gaming Law (EOGL) organized the International conference “Taxation in the European Gaming Industry“ in Sarajevo.

European and local experts in economics, finance, law and the activity of organizing games of chance talked about the models of taxation in the European Union and the Federation of Bosnia and Herzegovina, analyzing the current Law on Games of Chance in the Federation of Bosnia and Herzegovina,as well as the proposed amendments to the Law on Games of Chance, proposed by the Government of the Federation of Bosnia and Herzegovina.

The conclusion at the conference was that the taxation of all payments and winnings is contrary to the positive legal practices in the European Union and in other developed countries in the world. Also it was emphasized that the problem of increasing height of utility taxes and the existence of other para fiscal charges, make difficult or completely impossible for the organizers of games of chance to run a business, which questions the existence of this activity in the market.

Participants of this conference agreed that the model of taxation proposed by the Government of the Federation of Bosnia and Herzegovina is harmful to the economic environment, state budget, and therefore the citizens of the Federation of Bosnia and Herzegovina. Several steps were suggested to the Government of the Federation of Bosnia and Herzegovina that the Government should carry out if it wants to regulate the market and pass the regulations in accordance with the principles of the European Union and current trends in the world. Those steps are:

Carry out an economic analysis of the current situation on the market, as well as the application of certain tax regimes on the current situation of payments, payouts, operating costs etc;
Establish a special regulatory body within the Government of Federation of Bosnia and Herzegovina, which will carry out the licencing of all organizers of games of chance, whose role would be to provide more order on the market through control and monitoring of all the participants;
Join the taxation model which is compatible with the West European and which will take into consideration the received payments and payouts, as well as the operating costs of the organizer, making sure that the model of taxation does not disable the positive performance of local organizers;
Avoid tax system that burdens the organizers of games of chance more than they can pay and more than they are burdened in other West European countries which have a long tradition of taxation of games of chance and have a stable fiscal system;
Have identical tax on all kinds of games of chance without making a difference between the lottery and betting games, slot machines and casinos, as well as the equal conditions (regarding aprovals, distances from schools etc) for all the organizers, state- owned or private companies;
Enable organizers of games of chance which are via internet coming to the world market from the jurisdiction of Federation Bosnia and Herzegovina a competitive contest with others organizers from around the world;
Introduce sever penalties for the participants in the black market.

Bojić : “We do not approve the intention to destroy legal activity”
President of the Foreign Trade Chamber of Bosnia and Herzegovina, Bruno Bojic also addressed to those present at the conference, saying that the Foreign Trade Chamber of Bosnia and Herzegovina does not approve and does not support the intention to destroy a legal activity, like activity of organizing games of chance and emphasized that he will not allow “destabilization” of economic market in Bosnia and Herzegovina.

Balkans

Wazdan marks Croatian market entry with PSK partnership

Published

2 days ago

April 24, 2024

George Miller

Wazdan marks Croatian market entry with PSK partnership

Reading Time: 2 minutes

Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, has entered the Croatian market after signing with PSK, a leading operator in the country.

The provider is taking some of its most acclaimed slots live with the operator, including player-favourites such as 9 Coins™ 1000 Edition, Hot Slot™: Magic Bombs, Burning Stars 3™, which will become available to Croatian players for the very first time.

A prominent operator in the country since 1998, PSK is part of the internationally-known Fortuna Entertainment Group. With over 900 employees and a constantly growing player base, the brand is set to enrich its content offering with Wazdan’s titles.

Croatia marks the newest market entry for Wazdan, which further boosts its impressive European performance as a result of this deal. More partnerships in the country are expected to be announced in due course.

Radka Bacheva, Sales and Business Development at Wazdan: “Croatia is a country that boasts a fantastic amount of potential, so we’re delighted to be entering the market for the very first time with PSK, a top-tier operator.

“We’re bringing a range of our top-performing titles to its platform, and are excited to see the reception from Croatian players towards our mechanics. We’re confident this will be the start of a successful collaboration.”

Martina Pehar, Group Product Specialist at PSK said: “It’s an honour to welcome Wazdan to the Croatian market for the first time as part of this deal – we’ve seen the reception to their dynamic slots across the world, and we’re thrilled to be bringing them to our players.

“Wazdan bring a fantastic collection of their titles to our platform, including standouts such as Power of Gods: Hades and Clover Lady, that we’re sure our customers are going to embrace. We look forward to seeing the results!”

Balkans

Anakatech Incorporates GameArt’s High-Quality Slot Titles into Cutting-Edge Platform

Published

1 week ago

April 18, 2024

Niji Narayan

Reading Time: < 1 minute

Anakatech, a developer of platforms and comprehensive solutions for the iGaming sector, has entered into a partnership with GameArt, a developer of high-quality HTML5 slot games for both online and land-based casino operators. As per the deal, GameArt’s games are now integrated on Anakatech’s gaming platform.

Anakatech offers complete casino solutions with a portfolio of innovative online and mobile games. Through this collaboration, Anakatech enhances its platform by integrating GameArt’s exceptional games, further enriching the gaming experience for its partners and players alike.

Yauheni Charniuk, Account Manager at GameArt, said: “We are delighted to partner with Anakatech as this collaboration enables us to bring our high-quality online slot games to Anakatech’s partners and clients. We look forward to many years of working together!”

Balkans

Making a Bang in Bulgaria! Hacksaw Gaming goes live with Alphawin

Published

2 weeks ago

April 12, 2024

George Miller

Making a Bang in Bulgaria! Hacksaw Gaming goes live with Alphawin

Reading Time: 2 minutes

Hacksaw Gaming and the swiftly up and coming Alphawin solidify their new partnership with the launch of 12 of Hacksaw’s top picks on their site.

As of the 10th of April, Alphawin’s players will be able to enjoy the likes of Chaos Crew, Wanted Dead or a Wild, RIP City and many others. Set to be a hit amongst Alphawin users in Bulgaria, we are anticipating the launch of even more of our fan favourite games in the near future. In a market that has been dominated by local well-known brands for a while, we look forward to seeing how Hacksaw games make waves with Alphawin’s players.

Founded in 2007, Alphabet Gaming now has a sizable network of over 10 land-based casinos and has easily been named one of the region’s industry leaders with its growth. Moving and adapting with the evolution of online gaming, they established Alphawin in 2021. They currently boast one of the largest online casino portfolios in the region, featuring 27 slots and 6 live casino providers. With hopes to add more before the close of 2024, the future is looking like a bright one for Alphawin.

“We are very excited to start our partnership with Hacksaw Gaming.” Alphawin’s spokesperson stated that “the company offers an innovative and unique take on the concept of casino gaming and is an excellent fit for us!”

Set for star positioning, Hacksaw Gaming’s games will see the spotlight in the initial launch with banners, targeted ads and top lobby positions. CEO Marcus Cordes shares Alphawin’s positive outlook on the partnership – “Another strong collaboration under our belts! We’re absolutely sure that the avid Alphawin players will enjoy our artistic visuals and enticing bonus features of our most loved games. With of course plans to expand the Hacksaw portfolio in the future”

As both parties broaden their horizons and look onwards, what do we foresee? Well, we see Hacksaw Gaming and Alphawin, a truly prime pairing.