Connect with us

Eastern Europe

The Russian iGaming industry to incorporate Mastercard in its payment options

Niji Ng

Published

on

Reading Time: 1 minute

The Russian gaming industry claims to be the most unique in the world and has seen exponential growth over the years. The Russian based authorised online gaming companies now are about to incorporate  ‘MasterCard’ in their payment options.

The Russian authorities’ publicised that the addition of this payment option would propel the growth of iGaming industry in the local market. Betting Business Russia revealed that transactions made in licensed online gaming platforms in Russia will be coded with Merchant Category Code (MCC) 7995, associated with gambling. Though, iGaming operations with credit cards have not yet received a green light in the country.

It was confirmed by the local newspaper that the transactions will be made viable through MasterCard’s platforms. Russian bookmaker Leon’s press-service said the move “will have a positive effect on the development of the legal online betting market in Russia,” as reported by AGBrief.

It is planned to implement this new payment option prior to the commencing of the World Cup, fixed to be held next June, in Russia. Leon also commented that the decision is “yet another step towards getting the industry closer to best representatives of regulated betting jurisdictions in Western Europe.”

The Head of the self-regulated organisation Association of Bookmakers, Darina Denisova said: “Upon coming into force, the decision of the payment system will help our legal online operators attract even more clients.”

Meanwhile, the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications, Roskomnadzor demanded the virtual private networks (VPN) services to set stricter conditions of access to international websites, including online gaming platforms.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Continue Reading
Advertisement
Comments

CEEGC 2018

Romanian Gambling Industry update with Cosmina Simion (NNDKP) at CEEGC Budapest 2018

Zoltan Tundik

Published

on

Reading Time: 2 minutes

Budapest – 20 August 2018 – Since the regulation of the Romanian gambling industry, most of the large brands have obtained licenses to offer their services on the territory of the country. There is no doubt that the industry in the region is booming when it comes to licensing, but what makes the Romanian markets so popular among regulated gambling markets in this part of Europe.

We are honored to announce the latest speaker who will join the “Focus on Eastern Europe” panel discussion and share the insights of the Romanian gambling industry.

Cosmina Simion (NNDKP – Nestor Nestor Diculescu Kingston Petersen) an expert, who is often quoted in the industry portals and magazines and has extensive knowledge about the up and downs of the gambling industry in Romania compared to other jurisdictions.

About Cosmina Simion

Cosmina Simion co-heads the Gaming and Consumer Protection & Advertising practices of NNDKP, a preeminent business law firm in Romania. In addition to the gambling industry, her practice focuses on IP/IT, media & entertainment and online industries, having acquired a strong expertise in these fields in her 19 years of professional activity.

In the gaming field, her experience encompasses the full range of regulatory and operational gaming aspects, assisting betting and gaming operators, software & platform suppliers, financial services providers, auditors & certifiers, industry relevant associations or marketing affiliates.

Cosmina has also been actively involved in the review and drafting of the gaming legal framework (primary and secondary legislation), including representing clients before the Romanian regulator.

Previous coordination roles include heading the IP, media and technology practice of a Tier 1 global law firm, and acting as an in-house counsel at a US media group.

Cosmina is acknowledged as Leading Individual in the field of Gambling law by Legal500, being the only Romanian lawyer included in the highest band of the rankings.

She is a General Member of IMGL.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gathers C-level executives yearly in one of Europe’s most visited city. Register here!

You can browse the full agenda and already confirmed speaker list on the following link.

Continue Reading

BetConstruct Press Releases

BetConstruct attends the Entertainment Arena Expo 2018

George Miller

Published

on

BetConstruct attends the Entertainment Arena Expo 2018
Reading Time: 2 minutes

BetConstruct has a major gaming event in the European region ahead, the Entertainment Arena Expo in Bucharest, Romania.

The three day event starts from September 3 offering a perfect opportunity for BetConstruct to showcase its gaming and betting verticals alongside other significant developments of the company. At Stand 525 we will demonstrate the latest additions to our offerings including Sportsbook, RNG & Live Casinos, Virtual Sports and Retail Solutions with a recently secured Romanian Class II Licence for land-based operations.

To start a business with our products and services and become an independent operator we have SpringBME. The platform opens the door to the vast world of gaming, betting and data feed solutions with transparent pricing and a growing number of licences secured from the most reputable gambling authorities.

“Romanian gaming market has reached a high level of transparency and keeps on improving its regulatory framework,” says Aza Andreasyan, business development executive at BetConstruct. “BetConstruct closely follows the updates regarding the tax changes in gambling and data protection regulation in Romania to offer perfected solutions tailored for this market.”

Apart from talking gaming and betting, we will share our thoughts and expertise in obtaining licences and managing fraud and risk as well as industry-recognized customer service.

BOOK A MEETING: http://bit.ly/RegisterArenaExpo

 

About BetConstruct:

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers in 15 countries.
BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).
All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

Continue Reading

Eastern Europe

Unibet The New Official Partner Of FC Dinamo Bucharest

George Miller

Published

on

Unibet The New Official Partner Of FC Dinamo Bucharest
Photo Credits: fcdinamo.ro
Reading Time: 2 minutes

FC Dinamo Bucharest announces a new long-lasting partnership with one of the most prestigious online bookmakers in the country, Unibet.

“Unibet has shown us that it has the expertise and the passion to become more than a sponsor for Dinamo. Together, we are on the way, in a partnership through which, together with the financial component, which will help to balance the club, we want to we have a series of unprecedented experiences for Dinamo fans. “In concretizing this partnership, it was a great deal to us that Unibet is one of the players that puts great emphasis on responsible gaming.” – Alexandru David – President of FC Dinamo Bucharest.

“Unibet has proved to be the most serious operator of sports betting in Romania. Dinamo is a team of tradition with a spectacular game and the partnership between us and a betting operator that puts the players first comes as a normal step. we are glad that they came with us because we are in a moment when we have to collect the rows and bring Dinamo back where it is. ” – Ionel Dănciulescu, General Manager FC Dinamo Bucharest.

By signing this partnership, Unibet becomes the official betting partner of FC Dinamo Bucharest. This partnership is the first step in a long-term project in which we want to involve the entire Dinamo community in time.

Lucian Prisecaru, Country Manager of Unibet for Romania, said: “We are glad to announce that Unibet has become an official partner of Dinamo Bucharest. The three values ​​of Unibet, friendship, passion and expertise are perfectly intertwined with Dinamo’s vision and ambitions. We want together to give club supporters as many pleasant surprises and unforgettable experiences alongside their idols, and we want together to achieve the most daring goals. ”
Dinamo thus joins a portfolio of teams and competitions that Unibet, part of the Kindred group, supports as partners: PSG, Aston Villa, Italian Cycling Tour, or Jupiler Pro League.

 

Source: Kindred Group

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.