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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 (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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Eastern Europe

It is a prize bonanza at Montenegro’s Тriton Super High Roller Series

Niji Ng

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It is a prize bonanza at Montenegro’s Тriton Super High Roller Series
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Triton Super High Roller Series, which took place in Montenegro last week, with American professional poker player Jason Koonwinning the Short Deck Ante Only tournament, won by. Belarus’ Mikita Badziakouski triumphed in the $132K Main Event. Over the final two days of the series, the poker festival gave away around $20 million in prizes.

The most anticipated tournament of the Triton Super High Roller Series at Maestral Resort and Casino in Budva, Montenegro, was certainly the 3-day Main Event, which started Tuesday, May 15. Attracting a strong field of 63 entries, the HK$1,000,000 ($132,000) Buy-in event collected an HK$59,270,400 (approx. $7,550,129) prize pool, which was shared among the nine finalists. German player Steffen Sontheimer returned to the table as chip leader with nearly 4 million in chips, followed by Canada’s Peter Jetten and Mikita Badziakouski from Belarus, each with a stack of almost 2 million. Among the other players on the final table were defending champion Manig Loeser and Day 1 chip leader Wai Leong Chan.

It was Badziakouski who came out victorious after defeating French player Rui Cao in the heads-up and took the lion’s share of the prize pool. He took home HK$19,618,400 ($2,499,090), an impressive prize that pushed his live tournament winnings to over $9 million. For his second position, Cao claimed HK$13,217,000 ($1,683,648). The cash prizes for all who made it to the final table were actually quite attractive. The minimum prize that was awarded that day was nearly $250,000 – it was received by Dietrich Fast who busted in the ninth place.

Players who registered for the following event, however, boosted their bankrolls with even more exciting sums of money. On Thursday, the series held its last event, the Short Deck Ante Only which had an entry fee of HK$1 million, or $132,000. This did not stop a total of 103 entries to ante up and contribute to the incredible prize pool of $12,344,397. With the massive field and total prize pool, this tournament became the biggest Triton event ever, while many of the players that took part in it were notable high rollers from all around the world.

Among them were Main Event winner Badziakouski, who registered in the last minute, but did not survive to the final table, Peter Jetten who finished sixth ($641,918), Cao (5th, $802,430), and Winfred Yu (4th,$1,172,752). American legend Phil Ivey, who recently returned to the European live poker scene, was eliminated in the third place, but still managed to bank a nice cash prize of $2,308,434. His countryman Jason Koon saw tough competition in the heads-up action against Chinese player Xuan Tan. In the end, however, he overtook him and received the title, along with the first-place prize of HK$28,102,000, or the equivalent of $3,579,914. For his efforts, Tan took home $2,308,434.

The Richest Triton Super High Roller Festival in History

The popular Asian high roller series visited the beautiful town of Budva in Montenegro, which is situated on the picturesque coast of the Adriatic Sea. The venue hosting the festival was the Maestral Resort and Casino, a luxurious and modern hotel in the heart of the Mediterranean. As a true high-stakes poker festival, it drew some of the most notable names on the scene right now and offered colossal prize pools, although there were only four events scheduled from May 12 to May 18.

This year, the series introduced the so-called Short Deck Ante-Only Hold’em event, which quickly gains popularity among poker pros for its fast pace and thrilling gambling action. The first event of this kind opened the festival, creating a field of 61 players and a total prize pool of US$1,827,546. It was won by Phil Ivey who claimed the title and the first-place prize of $604,977. Richard Yong was the one who topped the second event of the series, the NLH 6-Max, which had a prize pool of $1,048,674. For his score, he received $388,030, the smallest first-place cash rewarded during the festival. Mikita Badziakouski took down the Main Event for almost $2.5, becoming the richest poker player in Belarus, while Jason Koon won the second Short Deck Ante-Only event, receiving more than $3.5.

The total amount of the prize pools during these several days of high-stakes poker at the Maestral Resort and Casino exceeded $22.7 million, making it one of the most intriguing live poker series of the year. The next stop of the current season of Triton Super High Roller Series will be Jeju in South Korea and players can expect the festival at the end of July.

Source: casinoreports.ca

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Eastern Europe

Romania: All the ONJN leadership has been replaced

Zoltan Tundik

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Dan Iliovici speaking in the IMGL MasterClass at CEEGC Budapest 2017. Photo copyrights reserved for European Gaming Media and Events
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All the leadership of the Romanian National Office for Gambling (ONJN) was replaced yesterday by Prime Minister Viorica Dăncilă. Appointed President of the Office in March 2017, Dan Iliovici was removed from office after one year and two months, being replaced by Marius Sebastian Ionescu, the now former Director-General of the General Directorate for Computerization and Monitoring of Gambling at ONJN. The news is accordance with the information published in Official Gazette or Romania.

The changes are not stopping here as according to local sources, Vice-President Valentin Korman has been replaced with Mihai George Roventa, Head of Service at the Control Slots, Lotto Games, On-Line Games and Betting – and the Secretary General Florin Preda, with Tudor Simota, Director General of the Directorate-General for Supervision and Control.

Dan Iliovici was surprised by Prime Minister Dăncilă’s decision to replace him as president of the ONJN. He stated that: “It was an extraordinary experience and I thank all the collaborators, both my colleagues in the Office and those in the industry. I hope that our work will be taken forward for the good of the gambling market, but especially of the players “.

EuropeanGaming.eu: With this opportunity we would like to thank Mr. Dan Iliovici for the commitment he has shown for the industry as a regulator by being present as a speaker at our events in Budapest and Prague. We look forward to working with Mr. Iliovici on upcoming projects as well.

Source: Bursa.ro

 

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Eastern Europe

Ukraine to legalise cryptocurrencies

Niji Ng

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Ukraine is edging close to make cryptocurrencies legal. There are already several attempts to draft laws to legalise the industry, but none has reached its logical conclusion.

Michell Vidyakin, Director of Strategy and Reforms Department at National Bank, opines that the state cannot take autonomous decisions in the field of cryptocurrencies apart from European norms.

He said: “These currencies have not yet been issued by any central bank. Why do not they fall into cash regulation? Because they have no physical form. Why cannot they be used as electronic money? Because they are not tied to the accounts of banks or other organisations that have a financial license. Now the process of determining the status of cryptocurrencies and the mechanism for their regulation is hampered by the lack of a unified approach in European legislation, as Ukraine aims to harmonize Ukrainian laws with European ones,”.

According to the lawyer Artem Afyan, cryptocurrencies are already mentioned in Ukrainian Classifier of Economic Activities, which already provides some legal basis at least for mining. According to Afyan, at first Ukraine completely ignored the problem of regulation, which was the best it could do at that time. However, in order cryptocurrencies business to develop further, Ukrainian law needs to explain the rules of the game. The biggest problem is the fact that there is still no official definition or explanation of the term “cryptocurrencies”.

Some good news for the industry appeared this May. The National Securities and Stock Market Commission of Ukraine (NSCCB) will propose for consideration of the Financial Stability Board to recognise cryptocurrency as a financial instrument. This was reported by the head of the commission Timur Khromaev. In November 2017, consideration of all draft laws on legalisation of cryptocurrencies in the territory of Ukraine was postponed due to the fact that the NSCCB insisted on changing the terminology used in the documents.

Source: forklog.com

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