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Greek’s Planned Regulatory Reform on Gambling Faces Growing Opposition

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Greek casino officials voiced concerns earlier this week that the planned overhaul of the country’s gambling industry favors new casinos over existing ones.

A draft bill that calls for significant changes within the nation’s gambling sector is currently under consideration by the Greek government.

Among other things, the piece of legislation proposes a new licensing framework for the country’s casinos. According to officials at operational casinos the new regulatory regime creates better conditions for new industry stakeholders. Gambling executives also oppose the implementation of different corporate taxes for operators of existing venues and for newcomers.

The proposed scrapping of an entry fee for patrons is yet another provision that existing casinos have received with discontent. Under the draft bill, already operational gaming venues will first have to be given the nod from the Hellenic Gaming Commission in order to remove the entry fee. What is more, they will have to pay a compensation fee, which casino officials deem too high.

The sweeping gambling reform currently under consideration by lawmakers allows for the relocation of six existing casinos and the construction of three new casinos on the Greek islands of Mykonos, Crete, and Santorini. All three are popular tourist destinations and the opening of gambling venues is hoped to attract even a greater number of international travelers and boost Greece’s tourism industry and economy at a time when the country desperately needs additional revenue sources.

Mykonos Opposes the New Casino Proposal

News have emerged from Greece that officials from all three islands have opposed the proposal for the construction of gambling venues on their territories. However, it can be said that Mykonos officials have been most vocal in their discontent with the proposed gambling expansion.

Local media reported recently that Mykonos’ mayor, Konstantinos Koukas, has sent a letter to Greek Prime Minister Alexis Tsipras expressing the island’s opposition to the casino plan. In his letter, Mr. Koukas has said that the island has much more pressing issues to address, including the addition of more schools, hospitals, and infrastructure. The letter further read that only after these issues are solved, they could think about building a casino.

Island officials have also stressed on the fact that while the Greek government had conducted public consultation on the proposed casino expansion and the Mykonos municipality had participated in it, its stance on the matter had clearly not been taken into consideration.

Last month, the Mykonos City Council approved a proposal for a referendum at which islanders would be able to voice their opinion on the matter. Councilors also decided to launch a petition against the casino proposal and to authorize Mayor Koukas to take legal action in relation to the government’s decision to potentially authorize the construction of a casino on the island, despite the growing opposition to the move.

The post Greek’s Planned Regulatory Reform on Gambling Faces Growing Opposition appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Source: Eastern European Gaming

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Eastern Europe

7777 gaming is now available on WINBET Romania

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7777 gaming is now available on WINBET Romania
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7777 gaming is excited to announce the launch of its 100+ certified games on WINBET Romania, a leading online operator known for its top-tier sports betting and casino entertainment. 7777 gaming’s most sought-after games are now available to WINBET players in Romania.

With over 20 years of international experience, WINBET has quickly become one of the most successful chains of gaming clubs in Eastern and Central Europe. Present in Romania, Bulgaria, Serbia, Croatia, Georgia, Belarus, and Tanzania, WINBET has been a significant player in the Romanian gaming industry since 2007, initially through gaming halls and later expanding with sports betting agencies and the online platform WINBET.ro (Casino and Betting).

7777 gaming’s extensive portfolio, which is now available to WINBET Romania’s players, includes popular titles such as Crazy 100 Bucks, Club Mr. Luck, Zeus Quest, Cash 100, and many more. This partnership is set to enhance the gaming experience for Romanian players, offering a diverse range of innovative and engaging game options.

Asya Raykova, Partnership Manager at 7777 gaming, commented: “Romania is a key market for us, and we are excited to bring our top-performing, certified games to WINBET’s extensive player base. This collaboration underscores our commitment to providing high-quality gaming experiences and reinforces our position as a leading casino content provider in the iGaming industry.”

Nita Cristian, Head of Casino at WINBET added: “With our dedicated team working tirelessly to create a welcoming environment that fulfills our customers’ need for entertainment, we aim to incorporate the most modern and in-demand gaming providers in the market, such as 7777 gaming. We eagerly anticipate our players’ feedback on the new game titles by 7777 gaming added to our website.”

Adding another strong partner in Romania to its business network strengthens the position of 7777 gaming as a leading B2B casino content provider on the market.

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Eastern Europe

OKTO expands digital payment footprint in Romania through Integration with Cyber Team Solutions

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OKTO expands digital payment footprint in Romania through Integration with Cyber Team Solutions
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OKTO, the only payment provider offering omnichannel digital payments across both online and retail sectors, is excited to announce its collaboration with CyberTeam Solutions, a leading Romanian company specializing in integrated solutions for the gambling and casino industry. This partnership will expand digital payment solutions across CyberTeam connected venues, enabling instant deposits and withdrawals with OKTO’s cutting-edge payment services.

This strategic integration introduces in Romania OKTO.DIRECT, the ultimate retail payment gateway, offering consumers hassle-free deposits and withdrawals with multiple payment methods, including Apple Pay, Google Pay, Visa and Mastercard as well as Instant Bank Transfer. Alongside OKTO.DIRECT, the integration also incorporates OKTO.WALLET, the advanced e-wallet of OKTO available for both retail and online use, providing an unparalleled omnichannel experience for users.

Vlad Evghenie, Country Manager Romania at OKTO, shared his enthusiasm for the collaboration: “At OKTO, we’re all about delivering next-level payments. We’re glad for our collaboration with CyberTeam Solutions and we’re fully aligned, giving users and operators alike the omnichannel, smooth, instant experience they crave for pay-ins and outs. This partnership is about raising the bar for gaming experiences across the board, and payments as the last mile of the experience is the most crucial.”

Echoing this sentiment, Cosmin Murzea, CEO of CyberTeam Solutions commented, “We’re excited to kick off this partnership with OKTO. By integrating their advanced payment technology with Cyber Platform, our player-centric gaming management system, we’re enhancing the gaming experience with seamless, advanced, and secure transactions that prioritize player experience, safety, and security.”

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Eastern Europe

SBC Summit Tbilisi 2024: Uniting Key Stakeholders for Vital Regional Insights

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SBC Summit Tbilisi 2024: Uniting Key Stakeholders for Vital Regional Insights
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1,500 industry professionals will gather in Tbilisi, Georgia next week for the second edition of SBC Summit Tbilisi. Organised in partnership with Georgia-based company, Sports Media Holdings (SMH), and supported by presenting partners EGT Digital and Amusnet Georgia, the event promises delegates unmatched opportunities to discover the latest industry innovations, expand their industry network and enrich their educational horizons.

The event’s focus on pivotal Eastern Europe and Central Asia markets, including Georgia, Ukraine, Armenia, Bulgaria, and Romania, along with emerging markets like Uzbekistan will provide delegates with a comprehensive exploration of these vital regions, guided by insights from esteemed local experts.

Set to take place between the 25th – 26th of June at the Sheraton Grand Tbilisi Metechi Palace, the specialised summit will unify key stakeholders from leading regional and global operators, suppliers, affiliates, game developers, media organisations as well as specialists in marketing, CRM, SEO, payments and more.

Former Manchester City COO, and founder of EQ Esports & Gaming, Chris Bird, will kick off the event by delivering a keynote titled ‘Influencers, Content and Esports… You Bet! Unleashing the Power of Dynamic Strategies in the Esports Ecosystem.’ Bird will share effective strategies for leveraging influencers to drive the growth of esports and produce engaging content.

The conference agenda will serve as a pivotal educational platform for delegates seeking to expand their knowledge of the Eastern Europe and Central Asia regions. Attendees can expect to glean vital knowledge from over 60 distinguished experts across two dedicated conference tracks. Discussions will encompass topics ranging from navigating the region’s complex regulatory and compliance restrictions to the impact of Euro 2024 on sports betting.

Additionally, the conference will spotlight the burgeoning iGaming sector within the region. Delegates will gain key insights into the iGaming landscapes of markets such as Romania, Bulgaria, Serbia, Georgia, and Slovenia. The agenda also includes discussions on cross-market strategies for iGaming operators, emerging market opportunities, and iGaming socioeconomic impact on local communities.

The exhibition floor will feature 30 global and regional brands presenting the latest industry-defining technologies, innovative services, products, and new game releases. Notable brands featured on the show floor include Amusnet, Aviatrix, BetConstruct, Betlive, CreedRoomz, Crocobet, Digitain, EGT Digital, Setanta Sports, VBET, Winfinity and many more.

Concluding the first core day of the event will be an exclusive Poker Tournament, sponsored by Betlive and EvenBet Gaming. Set to be held at the ATI Rooftop Restaurant at the Sheraton Grand Tbilisi Metechi Palace, the tournament offers delegates the perfect opportunity to sharpen their poker skills, network with industry peers, and enjoy complimentary drinks.

In the evenings, attendees can look forward to building meaningful business relationships in scenic, lavish venues across several dedicated networking events. The first core day will conclude with the ‘Official Opening Party’ sponsored by Setanta Sports at Stamba Hotel. On the second day, an exclusive VIP dinner for C-level executives will be held at the Republic Restaurant, followed by the ‘Closing Party’ at the Republic Event Hall.

Rasmus Sojmark, CEO & Founder of SBC, said: “The inaugural SBC Summit Tbilisi was a tremendous success. This year’s event has built on that foundation to deliver even more. We’ve expanded networking opportunities, enriched educational experiences, and secured some incredible speakers.

“This year, we really focused on providing a comprehensive exploration of key regional markets, ensuring attendees are well-equipped to thrive in their business endeavours in Eastern Europe and Central Asia.”

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