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Augur’s prediction for gambling – how does it work?

Zoltan Tundik

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Cryptocurrencies and their underlying technology, Blockchain, are slowly gaining application in virtually all sectors of the global economy. The gaming and gambling industry hasn’t been left out. Cryptocurrencies and platforms have been developed that will make it easier for gamblers and gamers to better participate in a fair and decentralized system. One of the platforms

The post Augur’s prediction for gambling – how does it work? appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Source: Eastern European Gaming

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Eastern Europe

Blackstone to acquire Ukrainian gaming development company

Niji Narayan

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Blackstone to acquire Ukrainian gaming development company
Photo Source: Bloomberg.com
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The Blackstone Group LP, a US-based investment and asset management company, is all set to acquire Murka Ltd and Murka Entertainment Ltd, an Ukrainian company that develops unique social and mobile games. The Blackstone Group has already informed Cypriot Commission for the Protection of Competition about the plan.

Murka, established in 2011, is known for its social-casino games like Slots Journey, Slots Journey 2, TX Poker, S & H Casino, Vegas Slots, Royal Fortune Slots, Bubbla Cadabra and Scatter Slots.

These games, where real money cannot be won, exist as mobile apps and on Facebook. Publisher of social casino games earns money via selling in-game content and/or advertising. According to various data, the global social casino market in 2018 brought publishers from $ 3.2 billion in total to $ 3.46 billion on mobile platforms.

Currently, over 100 people work in the Kiev, Dnipro and Lviv offices of Murka. The company has not commented the conditions of the upcoming transaction yet.

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Eastern Europe

NOVOMATIC launched its “JOIN & WIN” campaign

George Miller

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NOVOMATIC launched its "JOIN & WIN" campaign
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NOVOMATIC Romania has launched a new platform, www.novomaticromania.ro, which allows users to keep up-to-date with the latest product and service news, to easily issue orders and to make requests for technical equipment failures at any time.

On this occasion, the “JOIN & WIN” campaign was launched, which encourages its customers to create their own NOVOMATIC account on the platform, through which they can benefit from user-friendly online services. Thus, customers who place orders from March 7 to June 30, 2019 can win one of three awards:

• First prize – 10,000 lei voucher (which can be used for the next order);

• Second Prize – Free transportation on Romanian territory, for new contracts concluded throughout the year 2019;

• Third prize – 2,500 lei voucher (which can be used for the next order).

 

In order to participate in the campaign, the participant will have to hold a valid Class I or Class II license issued by the National Gambling Office. To win the prize, the winners will have to place at least one firm order and sign a sales/rental contract for a minimum of 6 gaming equipment during the campaign period. The winner will be randomly assigned and will appear on www.novomaticromania.ro on July 5, 2019.

For more details on about the campaign, please access the Campaign Rules here.

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Eastern Europe

Georgia delays bill on banning gambling ads

Niji Narayan

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Georgia delays bill on banning gambling ads
Photo Source: reachout.com
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The chairman of the parliament Irakli Kobakhidze has postponed the implementation of the bill on banning gambling advertisements. Levan Gogichaishvili, the member of Georgian parliament who introduced the bill, revealed the information in an interview with local television.

He said that there is an agreement that bill will be submitted later by the government. If it does not happen, the MP promises to resubmit the bill again. It will become clear then whether the bill finds parliamentary support or not. He said that the vote on this document was stopped two months ago, despite the fact that it has passed all the committees.

Alongside with the ban on advertising, there is one more bill. It concerns raising the age of citizens who are allowed to gamble. It used to be 21 years old. Now it is proposed to raise the age to 25 years old.

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