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Ukraine urged to get a move on with gambling regulatory update

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Ukraine urged to get a move on with gambling regulatory update
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Ukraine’s Attorney General has restated his approval of the country legalizing gambling, but operators are growing impatient at the slow pace of regulatory change.

 

Last week, Ukraine’s Attorney General Yuriy Lutsenko paid a visit to the town of Uzhgorod, where he staged a mock raid on an illegal gambling den and accused local officials of protecting the proprietors. Lutsenko insisted he wasn’t anti-gambling, but insisted that operators must obtain the government’s formal blessing.

Trouble is, Ukraine currently doesn’t permit legal gambling, having banned pretty much everything except lotteries in 2009. Legislation that would have legalized both land-based and online gambling was floated in 2015, but its unpalatable combination of high fees and other licensing restrictions left would-be licensees unimpressed, and the legislation was ultimately scrapped.

In April, Ukraine’s government offered assurances to the International Monetary Fund that the country would have a viable gambling regime in place by 2018, in keeping with the terms of the IMF’s economic aid package. Industry stakeholders offered to help the government craft more viable legislation but tangible signs of legislative progress remain elusive.

Last month, businessman Oleksandr Yaroslavsky, considered one of Ukraine’s 10 richest individuals, publicly rebuked the government for dragging its heels on reforming the country’s “shadow” gambling market, which he claimed was worth “about half a billion dollars.”

Yaroslavsky also reminded the government that it had required him to include a casino in the plans for his Premier Palace Hotel in Kharkiv prior to the country co-hosting the UEFA Euro 2012 football tournament. But despite having invested $12m to incorporate a casino into the hotel’s design, Yaroslavsky said “the requisite facilities remain idle.”

 

UGS 2017

Stay up to date with the latest developments by attending the Ukrainian Gaming Summit 2017. The seminary type conference is scheduled to be held on the 17th of November at the Hyatt Regency Kiev. The Summit will give way for the delegates to network with regulators, gaming experts, operators, software providers and investors.

A special report will be given about the Ukrainian gambling market and about the possible amendment that will take effect in 2018. The Summit will also focus on bringing a wealth of information about regulation, responsible gambling and technology from Eastern European region with world class speakers and regulators sharing their updates and advice.

 

Register for the Ukrainian Gaming Summit 2017

 

 

Ukraine’s online gamblers certainly aren’t sitting idly by waiting for their government to act. The Internet Association of Ukraine (InAU) recently published an online traffic report for September, which identified Russian bookmaker Parimatch as the 16th most-visited website, with roughly one-quarter of Ukraine’s online population paying the site a visit last month.

Parimatch’s international marketing director recently announced that the company had seen its Ukrainian online customer base grow by nearly 30% in just the past year. The average bet per Ukrainian customer was just $5, with 60% of wagers made on football, followed by basketball (11%), tennis (10%) and hockey (5%).

Ukraine’s parliament intends to discuss its draft budget for 2018 at a meeting scheduled for October 19. The government has planned for 3% GDP growth next year and recently suggested that it was “open for any proposals” that would spur the “development and success of international and local business in Ukraine.”

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Compliance Updates

Romania Bans Gambling Venues in Small Towns and Villages

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Romania has announced a ban on gambling venues in small towns and villages with populations of less than 15,000 residents.

What’s known as the “law of slot machines” was passed by deputies in the lower house of parliament. “It is the first law adopted in Parliament in 30 years against this mafia that has controlled the political world until now,” said Alfred Simonis, the leader of the Social Democrats.

“Right now we are fighting an industry that has a total turnover of €10-12 billion.”

Industry figures complain they were not consulted, and hope that the authorities will control the black market as they promised.

Despite the unanimous vote, there was some dissent within the chamber. Two opposition parties that want to ban the “scourge” of gambling outright accuse the government of collusion with the gaming sector for not taking a stronger position.

On another front Ionut Mosteanu, the leader of the opposition USR, questioned how lawmakers had set the threshold.

“They thought that slot machines only damage 15,000 people,” he said. “There was not even a debate to see how many townships qualify for this 15,000. Why not 16, 17, why not two million and you would ban them definitively?”

Gambling venues have become ubiquitous across Romania over the last few decades. The National Gaming Office, the state body that monitors and approves the sector, has registered 12,000 sports betting, bingo, casino, lottery rooms.

The state collects taxes from gambling venue licenses and online ticket sales as from the amount betting houses spend on advertising.

There are no recent data to indicate how many people in Romania are addicted to gambling. The last survey was conducted in 2016, and found that there could be around 100,000 addicted people across the country. The number today could be much higher.

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Conferences in Europe

Altenar becomes General Sponsor of EEGS 2024

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Altenar becomes General Sponsor of EEGS 2024
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The acclaimed Eastern European Gaming Summit (EEGS) gladly welcomes Altenar, a leading sports betting software provider, as a General Sponsor for this year’s edition of the event. The conference will be held on 27th and 28th of November at the IEC, Sofia, Bulgaria. For another consecutive year Altenar joins the event as a major sponsor with total commitment for fostering innovation and growth in the gaming and entertainment industry, as a whole. This enduring long standing partnership has brought significant mutual benefits and opportunities for both parties and all event participants over the years.

Altenar is delivering best-in-class solutions for licensed operators around the world. Ranging from a standalone sportsbook product to the provision of a turnkey sportsbook solution, Altenar offers proven stability coupled with a flexible and personalised service.

Launched in 2011, Altenar powers hundreds of online sports betting sites, while their self-service betting terminals and mobile app help ensure they meet all operator needs, with an exponentially growing client base in more than 30 countries.

Altenar COO Dinos Stranomitis said: “In Altenar we consider EEGS and BEGE as a key event to establish connection with East and Southeast Europe. Considering that Bulgaria is playing a key role in that region, our presence is a must. See you in Sofia.”

Altenar is an invaluable partner, thus contributing to the success and vibrancy of EEGS itself. The continued support highlights a shared commitment to excellence and progress within the industry, making this year’s event an essential platform for associated industry luminaries and entrepreneurs to explore the latest trends and opportunities in gaming, entertainment and hospitality in general.

The Eastern European Gaming Summit (EEGS), the premier conference of the region, provides a dynamic platform for industry leaders, innovators, and entrepreneurs to connect, collaborate, and explore the latest trends and opportunities shaping the gaming and entertainment landscape.

No doubt you wish to position your company alongside the Conference and exploit our expertise.

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Compliance Updates

Booming Games secures Romanian B2B license

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Booming Games secures Romanian B2B license
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Booming Games, a fast-growing provider of iGaming content, has proudly obtained an Oficiul National Pentru Jocuri De Noroc (ONJN) license, a significant milestone that allows the company to extend its reach across Europe.

Booming Games recently received official confirmation of its B2B gaming license from the Romanian gambling authority (ONJN). With this license in hand, the company is now empowered to supply its content to licensed gambling operators throughout Romania. As a result, Romanian players can look forward to accessing beloved titles like Burning Classics, TNT Bonanza, Cash Pig, Buffalo Hold and Win, and Gold Gold Gold.

Booming Games’ acquisition of the ONJN license represents a strategic move towards expanding its European footprint. This milestone not only solidifies the company’s position as a leading provider of iGaming content but also opens doors to new opportunities in the broader European market. With the Romanian B2B gaming license complementing its existing licenses, Booming Games is well-positioned to continue delivering exceptional gaming experiences to players across Europe.

Frederik Niehusen, Chief Commercial Officer at Booming Games, said: “We’re thrilled to announce that we’ve obtained a full Romanian B2B gaming license. This exciting development allows us to expand our presence in the rapidly growing Romanian market. With this achievement, we’re well-equipped to build on our strengths and enhance our product offerings to better serve the needs of our customers.

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