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Belarus’s Oldest Casino Operator Faces Bankruptcy

George Miller

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Belarus's Oldest Casino Operator Faces Bankruptcy
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After the Olympic Casino, Belarus’ gambling market is very near to lose another well-known gambling brand.
From this month, the Economic Court of Minsk began proceedings on the bankruptcy case of one of the founders of the Belarusian gambling business – Novo-BR. The company operates the famous local casino network “U Admirala”.

The owners of the “most reliable casino in Belarus”, as the brand is positioned on its website, applied to the court to initiate bankruptcy proceedings. The reasons are related to debts of Novo-BR. According to the Ministry of Taxes and Duties, the Novo-BT failed to pay it’s taxes, and more likely that the casino operator has not paid salaries to its employees.

According to the data of the website of the Unified State Register of Information on Bankruptcy, a protective period was introduced on Novo-BR from June 13. It will be in force until August 1 this year.
“Novo-BR” is one of the oldest operators of the Belarusian gambling business. The company was established in 1993. Currently it owns the casino “U Admirala” and the slot machine halls in the hotels “Orbita” (Minsk) and “Tourist” (Gomel).

According to the Register of Special Permits (Licenses) for Gambling Activities, as of June 1, 2018, 106 companies owned gambling licenses. This year, five companies were granted permits to open casinos, slot machines and bookmaker offices. Establishments will be located in Minsk, Polotsk, Brest, Grodno and on the M-1 motorway in Dubrovno district.

 

Source: e-playonline.com

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

Belarus proposes anti-money-laundering amendments in gambling law

Niji Ng

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Belarus proposes anti-money-laundering amendments in gambling law
Photo Source: sputniknews.com
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Tax and Duties Ministry of Belarus has prepared a new draft legislation to amend the existing gambling law in the country. The draft has been submitted for public discussion and approval.

The document is mainly aimed at preventing the intentional or unintentional involvement of gambling operators in the activities of money laundering, terrorist financing and the proliferation of weapons of mass destruction.

Taking into account legalisation of online casinos in Belarus starting from April 2019, the draft resolution expands and clarifies the list of criteria for identifying suspicious financial transactions. These include depositing a financial transaction by a participant for three months or more in a gaming account without actual participation in gambling, as well as incompatibility of financial transactions with the sources and amounts of his income or the economic situation in the country.

The draft document also spells out internal control rules for the casino operators.

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Eastern Europe

TIP & CASH launches self-service betting terminals

Niji Ng

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TIP & CASH launches self-service betting terminals
Photo Source: tipandcash.ro
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TIP & CASH has launched brand new self-service betting terminals equipped with a new technology. These terminals are highly suitable for the requirements of sports-betting bars. These terminals are user-friendly upgradeable and automated.

They offer vast betting options too, for a wide range of sports.

TIP & CASH is a sports betting brand, operated by Bet Master S.R.L., within the NOVOMATIC Group.

In March 2015, NOVOMATIC Group Romania launched a revolutionary sports betting solution comprising a sophisticated platform and automatic betting terminals, designed to key up the offerings, accessibility and interaction within the sports betting segment. Within the operation network of NOVOMATIC Romania, there are over 600 sports betting terminals deployed under the internationally renowned brand “TIP & CASH”. The prominent concept of the “TIP & CASH” sports betting terminal is boosted by an innovative, user-friendly and upgradeable platform whereas the players can freely access, navigate and produce their own betting tickets without the interference of a shop attendant or an employee.

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Compliance Updates

Bulgaria adds more websites to iGaming blacklist

Niji Ng

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Bulgaria adds more websites to iGaming blacklist
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The State Commission on Gambling (SCG) of Bulgaria has added four more websites to its blacklist of iGaming companies that are operating without a license.

The four websites added to the blacklist as per order no. 1913 of October 28 and no. 1991 of November 9 are nissicasino.com, 1xbet72.com, pokernox.com, 1xdcxc.host.

The SCG periodically updates the list of illegal gambling sites.

The State Commission on Gambling has been established for the purpose of inspecting the compliance with the law of the activity of the gambling games organisers, the producers of gabling game equipment, the distributors and service organisations for the maintenance and repair works of such equipment performed on the territory of Bulgaria.

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