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Moldova is handing over control over gambling and lotteries to foreign companies

George Miller

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Moldova is handing over control over gambling and lotteries to foreign companies
Chisinau, Republic of Moldova.
Reading Time: 2 minutes

Gambling is a state monopoly in Moldova, and now the country is handing control over gambling and lotteries to two foreign companies under a public-private partnership.

The APP (Moldova’s Public Property Agency, ), will no longer hold a monopoly on gambling and lotteries, as the state announced plans to implement a public-private partnership project with two EU member companies.

The first contract, relating to slot machines, has been won by Novo Gaming M Technologies GmbH, part of the Austria’s Novomatic consortium operating.

Novomatic, owned by Austrian billionaire Johann Graf, 71, operates in 45 countries, and exports high-tech gaming equipment to more than 70 countries all over the world.

The company is one of the largest gaming technology companies in the world. It has 25,500 employees worldwide, operating in over 2,100 locations with a total of 260,000 game machines and electronic roulettes.

The second contract, regarding the lottery and sports bets, has gone to NGM SPC Limited, formed by Market AD, National Lottery AD and NGM SPC Limited.

The companies are part of National Lottery AD, the largest licensed gambling operator in Bulgaria.

Media reports say the company over the past three years has enjoyed one of the highest growth rates in the South-Eastern Europe.

It is owned by Bulgarian Vasil Krumov Bozhkov, 62, a controversial businessman mentioned in the US diplomatic telegrams revealed by WikiLeaks as nicknamed “the Skull”. Bozhkov, who has never faced charges, has not commented on the claims made about him in WikiLeaks.

The Moldovan state has secured a good revenue from the companies’ activities. The proposal is that 75 per cent of the revenue generated in the lottery sector be returned to the National Lottery of Moldova, NLM.

For sports bets, the NLM will receive 90 per cent of the revenues.

The share of gross revenue from slot machines that will come back to the NLM is 51 per cent, which is a higher percentage than in other European countries operating similar public-private partnerships, like Romania, noted APP in a press release.

In June 2016, the leader of the ruling party Vlad Plahotniuc “declared war” on illegal gambling in casinos in Moldova and on the gambling addiction that had ruined some people’s lives.

In November 2016, about 200 policemen stormed and shut down all the casinos in the country over just one night, with Plahotniuc claiming the success of the operation.

On 5 December 2016, a draft law written by ruling party deputies stipulated that the managing and development of gambling activities, except for casinos, was now a state monopoly, to be carried out only through the National Lottery of Moldova. Parliament adopted the law quickly on December 22, 2016.

 

Source: BalkanInsight

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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