Connect with us
SIS

Eastern Europe

Belarus to formulate new rules for gambling

Niji Narayan

Published

on

Belarus to formulate new rules for gambling
Reading Time: 2 minutes

Belarus is all geared up to formulate a new legal framework for gambling and online casinos in the country. Belarusian Tax and Duties Ministry has already formulated a draft decree. It is awaiting the Parliament’s approval.

The head of the Ministry Sergey Nalivaiko said that the draft document would provide for an increase in the age limits for visiting gambling establishments from 18 to 21 years. Visitors of casinos, including online ones, will be prohibited from borrowing other visitors, as well as gamblers, money (including electronic) or their equivalent (chips, tokens, etc.) for gambling.

Also, the document provides for the legalisation of online gaming in the Republic of Belarus.

It creates the possibility of recognising on a contractual basis the results of tests and examinations of models of slot machines, as well as virtual gambling establishments conducted by foreign authorised bodies (organisations).

It is planned to take additional measures aimed at improving the conditions for gambling operators. In particular, administrative procedure for registering taxable items (like gambling machines, gaming tables, cash desks of bookmaker’s offices) is planned to be cancelled. Accounting of this equipment will be made through connections to a special computer cash system (CCS), allowing to pay tax on gambling in a fixed amount, based on the actual connection of gaming equipment to the CSK, which provides control over the turnover in the field of gambling.

For those operators who use the gaming equipment for less than 15 calendar days in the tax period, it is proposed to reduce the fixed rate of tax on gambling by 50 per cent. As a rule, these are new gambling operators, organisers of poker tournaments, or those who modernise the gaming equipment or repair it.

For totes and bookmakers, which operate online, there will be a transitional period – two years from the date of entry into force of the provisions of the draft decree. During this period they will be able to carry out activities on the basis of a special permit (license) issued prior to the entry into force of the decree and thereby adapt to the new requirements for online operators set by the decree. It is proposed to introduce obligatory expertise and certification of the information security of online gambling.

“At this stage, considering the planned legalisation of online gambling and additional investments needed to organise a new type of activity in the gambling business, the Ministry of Taxes and Duties does not plan any changes in the taxation policy of this activity,” – Sergey Nalyvayko specified.

Thus, fixed rates for gambling tax are planned to be maintained for the next three years without changes, at the level of tax rates established for 2018.

 

Source: belta.by

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Eastern Europe

Casino Technology Releases TOWER 102

Niji Narayan

Published

on

Casino Technology Releases TOWER 102
Reading Time: 1 minute

 

Casino Technology has introduced TOWER 102, the new intriguing game pack from the famous TOWER™ series.

TOWER 102 is a smart mix of 40 full HD games with fruity themes that ensure maximum occupancy of slot machines in the halls. The game pack offers selected timeless fruity slot themes. The games give rewards and plenty of chances to land winning combinations.

“The new multi game is tailored to the players tastes, which guarantees its successful performance,” Bisser Bozhanov, Director of Rentals and Sales for Bulgaria at Casino Technology said.

The multi game includes new titles such as 40 Mega Slot, Cherry Crown, Cherry Mary, Dancing Flamingo, Magnetisimo, Mountain Heroes, Multi Diamonds, Neon Bananas, Win Storm as well as established games, including Hot 7`s x2, Duck of Luck, 40 Treasures.

Continue Reading

Eastern Europe

Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success

Niji Narayan

Published

on

Integration of EGT Global Jackpot with Winbet and Club King Marks Great Success
Reading Time: 1 minute

 

The EGT Global Jackpot’s integration with Winbet and Club King has achieved success through offering entertainment and winnings for both operators and players.

The operators’ success and players’ entertainment are always the core objectives of EGT sales, development and production teams. When innovation joins these approaches, EGT solutions are the reliable choices for winning businesses.

EGT supports the operators to make proposals to its customers they couldn’t refuse, with the integration of the EGT Global Jackpot into their gaming halls. Global Jackpot is developed to connect all slot machines and any type of roulette from all locations of operators across the country. Thus, the total bet generates the possibility of higher winnings compared to those offered by the local jackpots.

At Winbet, the Global Jackpot has been functional since March this year and has brought multiple winnings to the luckiest players. Recently, Club King has also integrated the Global Jackpot in favour of top entertainment and winnings for both operators and players.

Continue Reading

Balkans

New partnerships for EGT Interactive with omni channel platform provider EASIT and esteemed Serbian operator MaxBet

George Miller

Published

on

New partnerships for EGT Interactive with omni channel platform provider EASIT and esteemed Serbian operator MaxBet
Reading Time: 2 minutes

 

EGT Interactive signed a strategic partnership with major omni channel platform provider EASIT and already went Live with one of the EASIT’s top operators – MaxBet. This is to benefit of the three companies, as it opens a vast field for new business opportunities and reaching out a large number of potential players.

Todor Zahariev, the Managing Director of EGT Interactive, commented: “The deal with EASIT is of great importance for us as it gives us access to number of major operators in strategic regulated territories. Starting with MaxBet, we are looking forward to adding more of EASIT’s premium operators in the next months to come. At the same time, we are very excited to deliver our complete portfolio of high-quality casino slots to MaxBet’s customer base and we strongly believe that the deal will strengthen even more our positions in Eastern Europe, where we are a leading content provider. This partnership is a clear testimony that our top-notch content is well-known and preferred by the players in Serbia and comes as a natural continuation to our collaboration in the land-based field.

To conclude, I can say that this partnership with the two companies has a great potential with an online gambling market in Eastern Europe growing rapidly at a high rate, this is why we are looking forward with great expectations.”

About EASIT: Leading iGaming software supplier, experienced in iGaming executives across international business development, new revenue management and commercial partnerships. With main sectors of experience in retail gaming, igaming and sports betting, with proven expertise in managing top-tier omni-channel operators in regulated markets, and a track record of dealing with key customers across the gaming industry.

Michal Hybl, CEO of EASIT commented: “Currently leading Easit, with its expansion to South Eastern Europe, including spearheading the group’s entry into the new deal with EGT Interactive – an industry-leading provider of comprehensive technology solutions to igaming operators in regulated markets around the world. We are happy to announce our new partnership and friendship with EGT Interactive.”

About MaxBet: Leading Serbian land – based and online casino operator.

Minja Bolesnikov, the CEO of MaxBet, said: “EGT is very famous company in Serbia and their slot machines and games are one of the most popular and well-known in our own land-based shops in Serbia, which we currently have over 275 in running in Serbia operations. Through different partners of EGT, we always had good relationships and respect towards EGT as one of the leading companies in the gaming industry. We guarantee that EGT games will work very well on online, same way as they are operating in our land-based shops. We are looking forward for this cooperation and we are really excited to start with new success together as soon as it is possible.”

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.