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Bidding Process for casino license at Elliniko will start by August 31

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Betsson Granted Online Gaming Licenses in Greece
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The Greek government has stipulated that the bidding process to obtain a license to start a casino at Elliniko, a multi-billion-euro project for an integrated resort at the site of the former Hellinikon airport near Athens, should be launched by the end of August. Elliniko is a multi-billion-euro project for an integrated resort at the site of the former Hellinikon airport near Athens.

Local news outlet Ekathimerini reported earlier today, citing government papers, that the tender should be announced by August 31 so that the preferred bidder could become known by the end of the year when the privatisation of the former airport is supposed to be concluded.

The government’s list of pending privatisation actions contained 35 such actions, the local media outlet further pointed out, most of which related to the privatisation of the old airport, which served the Greek capital for six decades up until March 2001.

It was confirmed last summer that the Greek government has approved a project pitched by a group of investors from Abu Dhabi and China together with local partner Lamda Development for the development of an €8-billion integrated resort at the site of the old international airport.

Apart from selecting a winning bidder for the casino license at the massive complex, another important action included in the government’s list involved the relocation of facilities currently operating in the Hellinikon area.

Most of the entities are expected to depart the area by November. However, there are several of them that will have to be relocated by the end of September, with the Civil Aviation Authority being one of these.

The integrated resort is planned to occupy a 2-million-square-meter site where the former airport had previously operated. Construction stage is expected to create 10,000 jobs, while the complex, once complete, will employ more than 75,000 people.

Lamda Development has previously said that it would look to reduce seasonality and attract visitors all year round. As many as 1 million international tourists would be welcomed annually at the resort, according to initial estimates.

The property will feature a gaming floor with both offerings for mass-market patrons and VIP players. The initial stage of the bidding process for the casino license began earlier this year, when the Greek Gaming Commission (Επιτροπή Εποπτείας και Ελέγχου Παιγνίων) announced that it had hired consultants to draft the tender process. It is yet to be announced when exactly the actual process will kick off.

The massive development scheme is expected to draw interest from some of the major players on the global land-based casino scene. Reportedly, Las Vegas gaming and hospitality giant Caesars Entertainment Corp. has already expressed interest in the project as part of its expansion strategy.

 

Source: CasinoNewsDaily

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Compliance Updates

Gaming1 renews contract with ComplianceOne Group for fifth consecutive year

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Gaming1 renews contract with ComplianceOne Group for fifth consecutive year
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Gaming1, the renowned casino and sports betting partner, has once again renewed its contract with ComplianceOne Group, marking the fifth consecutive year of collaboration between the two industry leaders.

This renewal underscores the trust and confidence Gaming1 has in ComplianceOne Group’s consulting services, highlighting their commitment to excellence and reliability in the iGaming sector.

Antonio Zanghi, CEO of ComplianceOne Group, said: “Entering our fifth year of working Gaming1 confirms our vision of how best to support clients in their journey.

“It is always a pleasure to discuss projects with their team, and we are humbled by the continued trust invested in our services and people.”

Thibaut Collard, Chief Compliance Officer of Gaming1, added: “We are excited to confirm our trust in ComplianceOne Group again. Our two teams have reached an excellent level of cooperation, and we consider ComplianceOne Group a part of our extended team.

“Over the years, we have collaborated in many different areas and found ComplianceOne Group to consistently provide top-notch support while also being a pleasure to work with!”

The ongoing partnership between Gaming1 and ComplianceOne Group exemplifies the strength of collaboration and dedication to mutual success.

As both companies continue to innovate and evolve, they remain committed to delivering exceptional services and solutions to the iGaming industry.

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SOFTSWISS Invests in Largest European Social Casino

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SOFTSWISS Invests in Largest European Social Casino
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SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, acquired a significant stake in Ously Games GmbH, the driving force behind the fastest-growing European social casino SpinArena.net. 

As a result of these investments, SOFTSWISS partnered with the German enterprise Ously Games GmbH to develop a new comprehensive software solution for social casinos, aligning with recent iGaming industry trends.

Social casinos, a fast-developing trend in online entertainment, offer a unique fusion of popular casino games and social networking features. Unlike traditional casinos, they operate without real-money betting, utilising virtual currency for gameplay. Social сasinos revenue primarily stems from virtual goods sales, enriching gameplay without monetary risks.

The business model of launching a social casino has no licence requirements or advertising restrictions and grows globally year by year. As per modest estimates of Business Research Insights, the global social casino games market is projected to reach 10 billion euro by 2030. About 85 million people around the globe daily play at social casinos according to the Australian Communications and Media Authority

The largest by the number of slot games European social casino, SpinArena.net, provided by Ously Games GmbH, has seen its player base triple since the beginning of 2023, surpassing 700 thousand players.  With a collection of over 3,000 games from almost 40 providers, the casino reached a one million euro annual turnover

Ivan Montik, Founder of SOFTSWISS, comments on the agreement: “Anticipating the development of social casinos within the iGaming industry, SOFTSWISS made strategic investments to diversify its portfolio. Together, we aim to create a comprehensive platform for social casinos, enriching the robust ecosystem of iGaming products provided by our company.”

Ously Games GmbH founder Jochen Martinez shares his expectations: “We are delighted to forge a strategic partnership with the global technology provider SOFTSWISS. This alliance brings invaluable insights, innovations, and profound expertise to both parties. The deal demonstrates our commitment to driving growth and mutual development. Collaborating with SOFTSWISS opens new horizons and ensures access to top-notch resources and support essential for thriving in the competitive iGaming landscape.”

Social casinos are not just a modern trend. They are revolutionising the future of online gambling. The phenomenon sets new industry standards and offers players an unparalleled, safer gaming experience by providing a unique blend of gaming, social engagement, and innovation. Players can engage in various activities, such as connecting with friends, sending gifts, and participating in tournaments, all while playing games like poker, slots, and roulette, with an emphasis on social interaction.

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 20,000 casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.

About Ously Games
Ously Games is a German enterprise, the provider of SpinArena.net, Europe’s largest social casino by number of slots. It boasts an extensive collection of over 3000 games from 40 renowned providers. With an annual turnover exceeding a million euros, Ously Games is driven by a team of 20 professionals.

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GiG reveals Swiss expansion, with Grand Casino Basel online partnership

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GiG reveals Swiss expansion, with Grand Casino Basel online partnership
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Gaming Innovation Group (GiG) has today announced Grand Casino Basel, one of the most established land-based Casino operators in Switzerland and currently the only online grand casino, as its new partner in the Swiss online market.

The announcement highlights GiG’s expansion into the Swiss regulatory environment for the first time, and will see Grand Casino Basel’s existing online operation, Golden Grand Casino, migrate to GiG’s powerful platform.

GiG has recently unveiled the X-Suite, a revolutionary range of iGaming solutions encompassing the CoreX platform, LogicX, an advanced machine learning toolkit, and DataX, which enhances decision-making processes and rule building, showcasing the latest cutting-edge, event-driven technology. This innovative new technology has been meticulously designed to deliver agility, scalability, and is committed to driving revenue growth and support for its partners in complex regulated markets.

With online casino licenses in Switzerland requiring an existing land-based casino license to operate, and with only 10 licensed and operating, iGaming in Switzerland is widely considered to offer significant opportunities for growth, given its unique regulatory framework. These opportunities are highlighted by an online market that has been forecasted to grow by approximately 30% YoY and reach over €440m GGR by the end of 2024, according to information supplied by H2 Gambling Data.

With a proven track record in facilitating the digital aspirations of land-based casinos, GiG is perfectly positioned to help spearhead online growth for operators in Switzerland, having already launched established operators across Europe, Latin America, and North America.

Andrew Cochrane, Chief Business Officer of GiG said: “We’re delighted to formally announce our partnership with Grand Casino Basel to migrate their online casino to our powerful platform technology, CoreX. The combination of their established and popular brand, with our proven expertise at delivering highly successful digital operations, provides a great opportunity to drive value and growth in the attractive Swiss online market.”

Kai Laepple, Chief Executive Officer at Grand Casino Basel added: “We are pleased to announce that we have partnered with GiG, a highly experienced platform provider for the burgeoning Swiss online casino market. We anticipate a promising partnership ahead and are confident in our joint success.”

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