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UltraPlay has recorded its most successful ICE

George Miller

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UltraPlay has recorded its most successful ICE
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February 14th, Sofia, Bulgaria – At this year’s ICE Totally Gaming, UltraPlay has marked a record-breaking success in terms of new strategic business opportunities, new markets the company is entering as well as significant interest towards the latest iGaming innovations and products presented in London.

UltraPlay has showcased its expanded eSports feed ODDS.gg, which covers 25 game titles, most of them offering pre-match and in-play options, making it the leading eSports betting solution on the market right now.

Following its mission to deliver advanced betting solutions combined with years of expertise on the sector, UltraPlay’s team has provided consultancy to all operators interested to join or expand their eSports betting portfolio and take advantage of the hottest iGaming trends of 2018.

Mario Ovcharov, CEO at UltraPlay has commented: “The ever-growing interest towards our eSports solutions keeps us motivated and on the right track to provide innovation and high-quality products to our business partners. The new front-end presented on Buff88 was among the highlights this year for us and we are thrilled by the positive feedback we have received so far. Our own eSports betting cryptocurrency eGold was the other breakthrough that literally amazed the visitors with its disruptive features based on the Blockchain technology.”

Amongst the highlighted moments from UltraPlay has definitely been the release of their own eSports betting cryptocurrency eGold. The company has recently announced that the presale of eGold has been sold out in less than 24 hours raising 500 ETH, which brought many crypto enthusiasts looking for new opportunities in the Blockchain technology on the company’s stand. Now, the team is looking forward the eGold token sale, which starts on February 18th, 2018. The token sale will end immediately after the hard cap of 5000 ETH is reached or on March 18th, 2018 – whichever of the conditions are met first.

Mario Ovcharov added: “ICE 2018 was very productive and inspiring for us. Besides our rich portfolio of turnkey solutions for the online gambling industry, we were sought after our in-dept understanding of the eSports and Blockchain technology – two verticals that we have mastered and will continue developing further.

About UltraPlay:

UltraPlay is a modern technological company, founded in 2010, with the core ambition to offer an innovative approach to the online gaming industry by providing advanced betting solutions, focused on sports and eSports betting, live betting, white label, casino and bitcoin.

Assembled by a team of iGaming professionals with vast experience in betting product development, operations, eSports and marketing, UltraPlay is a trusted partner for delivering superior sports software and odds products to its customers. Learn more about the company here: www.ultraplay.co

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Asia

Vietnam to reduce tax incentives for casinos in SEZs

Niji Ng

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Vietnamese officials are planning to reduce tax incentives previously promised for casino operators in the country’s special economic zones (SEZs).

The Standing Committee of the National Assembly, while discussing the draft law for Vietnam’s SEZs, is expected to announce this. This is following criticism from some Assembly delegates that plans to offer tax incentives to gaming operators in Van Don in Quang Ninh Province in the north, Bac Van Phong in Khanh Hoa Province and Phu Quoc in Kien Giang Province in the south are too generous.

Under the previous proposal, projects in Vietnam’s SEZs would be granted a 100 per cent tax deduction for the first four years of operation, 50 per cent for the next five years and 10 per cent for another 21 years before reverting to the standard tax rate.

The new proposal would see them paying preferential corporate income tax of 17 per cent from the day of opening for the first five years and a higher excise tax, up from 10 to 15 per cent, for the first 10 years. Unlimited land and sea lease exemptions would also be scrapped and the exemption period slashed to a maximum of 30 years in Van Don and Bac Van Phong and 20 years in Phu Quoc, according to local media.

Source: asgam.com

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Australia

Gambling expert moots WADA-style anti-corruption unit

Niji Ng

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Charles Livingstone, an Australia-based gambling expert, has called for an international anti-corruption unit to monitor athletes, much like the World Anti-Doping Agency (WADA) that monitors illegal drug-taking by athletes.

He said he hopes the US entry into live sports betting might help his efforts for an international anti-corruption unit to monitor athletes.

Charles Livingstone is the head of the gambling and social determinants unit at Melbourne’s Monash University. He has been calling for several years the formation of the monitoring agency for potential corruption among athletes.

 “Now that the United States is going to allow gambling on sporting events, I’m hoping it might become a real possibility,” Livingstone said.

A US Supreme Court decision last week clearing the way for states to legalise sports betting came 10 years after Australia’s highest court did similar to allow more widespread betting on sporting events Down Under.

After a gambling agency challenged existing laws, a 2008 Australian High Court decision removed restrictions preventing bookmakers licensed in one jurisdiction from advertising in another. This change prompted the entry of international corporate bookmakers into the Australian sports market to capitalise on the country’s penchant for both gambling and sport.

It has spurred a whole range of new betting options, including some on minute detail.

Livingstone said one way to reduce the potential for corruption among athletes would be to stop so-called “spot betting” where gamblers can bet on such things as how the first points in a game might be scored, or when the first double-fault might occur in a tennis match.

Australian rugby league player Ryan Tandy was convicted of trying to manipulate the first score of a 2010 National Rugby League match and a former Australian Open junior champion was banned for seven years for purposely losing the first set of a match at a low-level tournament.

“Ban spot-betting,” Livingstone says bluntly. “There is enormous potential for corruption. It’s a small step from there to starting to throw games.” He says a WADA-style agency monitoring corruption could also help educate athletes, as the anti-doping agency does.

Government figures show that 80 percent of Australians gamble, the highest percentage of any country (Singapore is second, Ireland third) although that figure includes those who might bet once a year on a horse race or play the lottery. More than a billion Australian dollars ($758 million) is spent each year on live sports gambling in the country.

Source: AP

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Genting aims to land first casino license in Andorra

Niji Ng

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Photo credits: www.casinonewsdaily.com
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Genting Group, a Malaysia-based tourism and gambling company, has submitted a massive bid of $164.6 million to obtain the first casino license in Andorra, the tiny mountainous independent principality between Spain and France.

Genting has submitted its bid through its UK unit.

To enter its bid, Genting teamed up with Andorran businessman Marc Giebels van Bekestein, British investor David Gray and Arc Resorts President Mark Vlassopulos. If approved, 70 per cent of the venture will be held by Genting.

Genting has proposed an integrated resort (IR) project for Andorra that would create 400 permanent jobs and 600 temporary construction jobs. The project would offer two floors of private rooms and suites, a spa and a “gastronomy market.”

Genting currently owns 43 licenses in the UK. It operates the Resorts World Birmingham, worth approximately $201.5 million. The Andorra casino resort would be the company’s first on continental Europe.

Other bids have been submitted by France’s Partouche, Barrière, Raineau and Casinos Austria. The winner of the project is expected to be announced by the end of June.

Andorra is on a mission to increase tourism in the area. The regional government enacted legislation two years ago that would allow casino gaming. Licenses would be valid for 20 years and would be contingent upon a minimum investment of $11.7 million (€10 million). Additionally, the Andorra Tourism Board participated in the ITB China event last week. Ctrip International, a Chinese provider of travel services, and the board’s Joaquim Tomas held talks regarding opening new markets and upgraded travel products to increase bilateral cooperation.

Genting was founded in 1965 and is headquartered in Kuala Lumpur, Malaysia. It operates and markets casinos and IRs around the world, including in the Americas, Malaysia, Australia, Singapore, the Philippines and the UK. Its annual revenue is estimated at around $2.23 billion.

Source: calvinayre.com

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