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Ukraine:Minister In Favour Of Funding Sports Through Lottery

George Miller

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Ukraine:Minister In Favour Of Funding Sports Through Lottery
Ukraine`s Youth and Sports Minister Ihor Zhdanov. Photo credits: Volodymyr Petrov
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Minister of Youth and Sports of Ukraine Ihor Zhdanov is in favor of financing sports through the lottery business.

“I’m just for the sport to receive additional funding from the lottery, which was transferred to a special fund in support of our team,” the minister said during an hour of questions to the government in the Verkhovna Rada on March 23.

At the same time, he stressed that this decision does not depend on the government, but on the adoption of the relevant law by the parliament.

As reported, Zhdanov advocates the support of profitable state-owned companies of national sports teams as official sponsors.

George Miller 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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Eastern Europe

UNL pitches in for responsible gaming

Niji Ng

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UNL pitches in for responsible gaming
Photo Source: e-playonline.com
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The Ukrainian National Lottery Company (UNL) has conducted survey – the first ever of its kind in the country – for finding out the number of people who understand the risks associated with gambling and the problems they could face.

 “There is a common practice in the world among national lottery operators called Responsible Gaming. It is developed by both the World Lotteries Association and the European State Lotteries Association, and is aimed at identifying and preventing problem gambling, researching, and many other activities, “ UNL General Director Andrei Bochkovsky said in an interview to RBC-Ukraine.

The study was conducted in association with the International Anti-Drug Association and the Center for Healthy Youth in 14 cities of Ukraine. The survey revealed that 66 per cent of players participate in lotteries about once a year, another 15 per cent play once every two to three months. Just about 2 per cent of the sample plays more than once a week.

“Our logic is quite simple: we focus on a healthy and satisfied player. If a person plays more and more, then over time we lose a client. Not to mention that the standard of living of such a person can fall dramatically: dependent people have problems in the family, at work, with thinking and health. If we talk about benefits and safety, then our goal is not frequent, but regular play for small money. A lottery game should bring joy and give a chance to fulfill the dream of a player,”  added Mr.  Bochkovskyi.

 

Source: E-PLAYOnline

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Compliance Updates

Gambling companies in Belarus raise concern against $ 1 Million Security Deposit

Niji Ng

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Gambling companies in Belarus
Photo Source: documentarytube.com
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The government of Belarus has recently proposed a mandatory $1 Million security deposit for online gambling companies. The online gambling operators fear that this will adversely affect their business.

While this is not a new thing – Italy requires a guarantee of € 1.5 million and Czech Republic requires € 1.1 million – this obligation could be problematic in Belarus, feel industry insiders.

Yulia Leshkova, Deputy Director of the Pari-Match betting network, said:  “Not all bookmakers in Belarus can afford to create a similar security deposit. Tightening the requirements will lead to a narrowing of the market and will deprive it of healthy competition.”

The governments insist on a security deposit for the simple reason that the gambling operators must be able to, regardless of financial circumstances, to pay the winnings, taxes, fees and duties, penalties and other mandatory payments. The guarantee is required to ensure such mandatory payments.

However, the hefty sum required as guarantee in Belarus, according to representatives of the industry, will negatively affect the country’s bookmaking market.

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Eastern Europe

1X2 Network to integrate its full suite of games to online operator, Lider-Bet.com

George Miller

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1X2 Network to integrate its full suite of games to online operator, Lider-Bet.com
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1X2 Network, the exciting slots, table games and virtuals provider, is striding into the Georgian market after putting pen to paper in a deal that will see it provide its full suite of games to online operator, Lider-Bet.com.

The partnership means Lider-Bet players will gain access to exciting slots and table games from the supplier’s 1x2gaming and Iron Dog Studio subsidiaries, as well as virtual sports from its strategic partner, Leap Gaming.

This includes chart-topping titles such as The Curious Cabinet, Neon Jungle and Blood Queen, as well as innovative table games such as Diamond Roulette.

1X2 Network has built a formidable reputation for developing games that combine complex math, intelligent mechanics and stunning design and illustrations to deliver a compelling player experience across desktop and mobile.

Kevin Reid, COO at 1X2 Network, said: “Lider-Bet has emerged as the leader of the online casino market in Georgia, and we are thrilled to be offering our full suite of games to their players for the very first time.”

Levan Tsitsagi, slots’ manager at Lider-Bet, said: “1X2 Network is one of the hottest game developers in the market right now and has an unrivalled reputation for producing games that move the needle when it comes to the experience offered to players.

“We go to great lengths to ensure we offer our players the best games on the market, and 1X2 Network certainly fits the bill.”

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