Central Europe
Contrasting trends in 2017 Czech gaming market figures
The 2017 Czech market figures were published last week, revealing some contrasting trends.
It was surprising to an overall minimal revenue gain in the gaming market, despite the strong rise in online gambling revenue of over 50 per cent.
Czech Ministry of Finance figures for 2017 indicated total revenues of CZK39.8b (US$1.77b), a gain of 1.1 per cent from 2016 in the face of overall spending on gambling rising 14.1 per cent to CZK224b.
The gains in online gaming nonetheless did not translate to overall gains for the Czech Republic, which began allowing and regulating iGaming in the country with the revision of the country’s gambling act in 2016.
The Online Contribution
The fact is online gambling jumped 56 per cent year-on-year to CZK8.3b ($370m), responsible for a contribution of more than one-fifth of the overall gaming market in the Czech Republic.
The vertical contributing most heavily was fixed-odds sports betting, which saw a total rise in 217 of nearly CZK1b to reach just short of CZK6.2b.
The next largest contributor on the pole for 2017 was online casino, which brought in just over CZK2b to the Czech market, with live casino third at a CZK120m contribution.
Online lotteries brought in CZK276m, compared to a decline in the contribution of land-based lotteries down CZK500m to CZK6.1b.
Conflicting Disincentive
The relative lack of gains from the overall sector may have to do in large part to some changes made in the Czech market structure that took effect January 1st of 2017. The updates imposed stiff taxes on foreign licensees, resulting in many operator withdrawals who were discouraged by new individual vertical taxes of 23 per cent on sports betting, and 35 per cent for slots, compounded by a 19 per cent corporate tax and further new restrictions on online bonus offers.
Outlook
The Czech government is claiming a healthy purge of up to 90 per cent of illegal operators, but if they want to keep this purge from claiming more legitimate licenced operators on the ledger, they will have to find a way to ease restrictions on foreign operators to add more revenues and streams to the overall till. Let’s hope the operators that began trickling back at the end of 2017 have found more hospitable conditions in 2018.
Source: onlinecasinoreports.com
Central Europe
Spinomenal teams up with Slovakian market leader Niké
Spinomenal, the leading iGaming content provider, has agreed a new content partnership with Slovakian giant, Niké. The integration will be completed via the Easit platform, part of Synot Group.
As one of Slovakia’s star performers, joining forces with Niké enables Spinomenal to amplify its presence in the region. Niké’s casino players will have seamless access to Spinomenal’s stunning selection of titles, which includes big hitters Queen of Ice, Wildfire Fruits, and Wacky Monkey.
Lior Shvartz, CEO for Spinomenal commented: “Teaming up with Niké adds momentum to our ongoing mission of increasing our presence within regulated markets. We’re buoyed by the chance to showcase our games to more players within Slovakia.”
Jan Pecha, Casino Director for N I K É added: “The collaboration aims to leverage the unique strengths and expertise of each company, fostering a synergistic relationship that will propel both entities to new heights. By combining forces, N I K É and Spinomenal are poised to deliver unparalleled value to their clients.”
Central Europe
HIPTHER’s Prague Gaming & TECH Summit 2024 Boasts All-star Sponsors and Record Registrations
HIPTHER, leading event organizers for the iGaming and Technology industries, are thrilled to announce that the 2024 edition of their Prague Gaming & TECH Summit has reached an all-time record of registrations and renowned Speakers participations, while being supported by a star-studded lineup of Sponsors from the sectors of iGaming, Compliance, and Web3.
Prague Gaming & TECH Summit 2024 will be the 8th edition of HIPTHER’s boutique conference that stands proudly in the heart of Europe as the pioneering event merging the future of iGaming and Technology. HIPTHER’s guiding principle for 2024,“Via Infinita” – the boundless journey of discovery – set the tone for the conference to reach new heights.
On March 25th, #hipthers will be welcoming more than 250 registered participants and over 90 speakers, sponsored by renowned companies from iGaming, compliance, and technology.
Sponsors Spotlight: The Companies Supporting Prague Gaming & TECH Summit 2024
HIPTHER is proud and humbled to have received increased Sponsorship interest by the gaming and technology ecosystems, gaining the support of innovative and successful companies. The #hipthers are thankful to these amazing sponsors for their invaluable contribution to the Premier iGaming & Tech Event in CEE, the Balkans, and D-A-CH regions:
GR8 Tech – Main Stage Sponsor
GR8 Tech is an International iGaming provider of high-performance Sportsbook and Casino platforms.
Atlas-IAC – Bracelet and Badge Sponsor
Atlas-IAC is a next-generation platform for iGaming operators, built by a team of industry professionals with key development offices in Europe.
SYNOT Games – Lanyards Sponsor
SYNOT Games is an innovative iGaming company crafting visually stunning and highly playable original slots, boasting 130+ titles in several jurisdictions.
NSoft – Pen and Paper Sponsor
NSoft is a B2B software development company specializing in custom software solutions for the iGaming industry.
Endorphina – Party Sponsor of the Endorphina Club 777 Networking Party
Endorphina is a top slot game provider for online casinos, captivating diverse markets by prioritizing player engagement.
Relax Gaming – Wellness & Relaxation Sponsor
Relax Gaming Group simplifies B2B content delivery for modern iGaming companies through a vast portfolio of 1000+ casino games.
Pixpel – Delegates Bag Sponsor
Pixpel.io is a multiplatform specialized to provide all-around services for the Web3 community.
Nordic Gambling – Scandinavian Legal Expertise Sponsor
Nordic Gambling is the only legal firm in the Nordic countries which specialises in gambling related law such as licensing, compliance advice and public affairs.
Gaming in Poland | RM Legal – CEE Legal Expertise Sponsor
Gaming in Poland is the only company in Poland offering multidisciplinary support for gambling industry entities operating in the Polish market.
Institute for Gambling Regulation (IFGR) Czech Republic – Strategic Partner
IFGR is the largest national professional association in the field of gambling, representing 95% of the legal gambling market in the Czech Republic.
Find out more information about the Sponsors at the official Prague Gaming & TECH Summit website.
Zoltan Tuendik, Co-founder of organizing company HIPTHER, commented about the record-breaking numbers of the Prague Gaming & TECH Summit for 2024:
“As we approach another edition, the Summit continues to embody our commitment to innovation, collaboration, and the exploration of future frontiers. It’s a testament to the power of community and the endless possibilities when we come together to shape the future”.
HIPTHER is looking forward to welcoming the distinguished 250+ participants of the Prague Gaming & TECH Summit, including top-tier executives, compliance experts, government officials, and thought leaders across iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, Virtual/Augmented/Mixed Reality, for an extraordinary experience of learning and networking!
There is a limited number of spaces still available – Register Now and Join us in Prague!
Central Europe
HIPTHER’s Prague Gaming & TECH Summit 2024 reaches new milestones with record registrations and prominent sponsors
HIPTHER, a leading event organiser for the iGaming and Technology industries, is proud to announce that the 2024 edition of their Prague Gaming & TECH Summit has achieved record-breaking registrations and secured the support of renowned sponsors from the iGaming, compliance, and Web3 sectors.
The Prague Gaming & TECH Summit 2024, the eighth edition of HIPTHER’s boutique conference, stands as the pioneering event in the heart of Europe, merging the future of iGaming and Technology. Guided by the principle ‘Via Infinita’ – the boundless journey of discovery – the conference is set to reach new heights.
On March 25th, #hipthers will welcome more than 250 registered participants and over 90 speakers, sponsored by distinguished companies from iGaming, compliance, and technology.
HIPTHER is honoured to have received increased sponsorship interest from the gaming and technology ecosystems. The #hipthers express their gratitude to GR8 Tech, Atlas-IAC, SYNOT Games, NSoft, Endorphina, Relax Gaming, Pixpel, Nordic Gambling, Gaming in Poland and the Institute for Gambling Regulation in the Czech Repulic for their invaluable contribution to the premier iGaming and tech event in Central and Eastern Europe, the Balkans, and Germany, Austria and Switzerland (D-A-CH) regions.
Zoltán Tűndik, Co-founder of HIPTHER, the company behind the Prague Gaming & TECH Summit, said: “As we approach another edition, the Summit continues to embody our commitment to innovation, collaboration, and the exploration of future frontiers. It’s a testament to the power of community and the endless possibilities when we come together to shape the future.”
HIPTHER looks forward to welcoming the distinguished 250+ participants of the Prague Gaming & TECH Summit, including top-tier executives, compliance experts, government officials, and thought leaders across iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, Virtual/Augmented/Mixed Reality, for an extraordinary experience of learning and networking!
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