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Slovakia plans on adopting a new gambling law

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Slovakia plans on adopting a new gambling law
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Slovakia has recently submitted a new draft legislation to the European Commission that aims to introduce some major changes in the way the country regulates the gambling industry. Joining the recent trend that has swept throughout Europe, Slovakia aims to liberalize the gambling market with the new draft and effectively make it easier for international companies to offer their services to the Slovakian market. The draft Act on Gambling was submitted to EC by the Slovak Ministry of Finance on July 25, 2018. EC has three months to review the proposal, during which time the draft will be in a standstill, meaning it will not be able to take effect.

The new draft lets the state keep monopoly over some gambling activities while allowing international companies to enter the market in others

As reported by Casinopånett.eu, similarly to what Sweden is planning, Slovakia will allow the national provider – Tipos, to maintain its monopoly in certain parts of the industry, like the provision of online lottery and bingo. On the other hand, international companies will be able to offer the customers online casino games but to do so they will have to obtain licenses from the regulators. The authorities have been open about the fact that they are actively studying the experience of other European countries with similar matters to base their decisions on. Representatives from the government commented that the regulators want to take “the technological progress and the findings of regulatory authorities in other European countries into account more fully.”

Some of the other changes considered in the draft include allowing Slovak municipalities more authority when it comes to regulating gambling activities. It will be up to the judgment of local authorities to determine whether to allow land-based gambling activity on their territories or not. This piece of legislation might appease the critics of the gambling industry. Furthermore, the draft proposes establishing a separate regulatory body to oversee the gambling industry. The Regulatory Office of Gambling will be tasked with this as well as issuing the licenses to the companies.

The authorities see the deregulation as a second wave after the country cracked down on illegal gambling providers. Peter Papanek, who is the head of the Association of Betting Companies of the Slovak Republic commented: “The state began blocking illegal companies. But that was only the first step. Now comes the second, clear rules for everyone – anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions.” Furthermore, he emphasized the need of liberalization as a means to stifle the illegal activities saying: “Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally.”

The Remote Gaming Association criticizes the new draft

RGA has openly expressed that the new draft will attract more international operators, which is good for the industry. On the other hand, the organization would have liked the draft to go even further with its liberal approach. For example, RGA commented that the proposed licensing fees would be almost ten times higher than those of the neighboring countries, which would put Slovakia at a competitive disadvantage and discourage many international operators from entering the market. Furthermore, the organization criticized the fact that the issue of sports betting licenses is delayed for a year after the rest of the market is deregulated. “We argue that this provision is discriminatory against European companies, is not based on sound public-policy objectives, and is effectively aimed to protect local sports betting licensees from competition,” – Pierre Tournier, the RGA’s director of government relations commented on the issue.

Full article available here: https://casinopånett.eu/nyheter/slovakia-planlegger-ny-gamblinglov/

Reka is an Experienced English second language teacher with a demonstrated history of working in the higher education industry. Skilled in Microsoft Excel, Teaching English as a Foreign Language, Translation, Foreign Languages, and Lecturing. Strong education professional with a Bachelor’s Degree majored in English Language and Literature/Letters. Reka is in charge of conducting the exclusive interviews on European Gaming and our printed magazine

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Central Europe

STS Inks New Sponsorship Deal with KSW

Niji Narayan

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STS Inks New Sponsorship Deal with KSW
Photo Source: kswmma.com
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STS, Poland’s premier bookmaker, has inked a one-year sponsorship contract with KSW Federation (Martial Arts Confrontation).

As per the agreement, the logo of STS will be shown, for example, on the boards, press wall displays and large screens and live betting rates of the bookmaker will be displayed live on large screens. The contract also provides for the publication of common content on the website, KSW TV and in the social media of the Federation.

Mateusz Juroszek, CEO of STS, said: “STS supports various disciplines of Polish sport. This is why we have signed another sponsorship contract with KSW Federation, the largest organization of mixed martial arts in Europe and one of the largest in the world. The contract with KSW extends the STS activities by a popular individual discipline. In recent years 440 000 people have attended KSW events, the streamings have been watched by millions of fans all over the world.”

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NSoft’s Virtual games on the market of Slovakia

George Miller

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NSoft's Virtual games on the market of Slovakia
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NSoft`s virtual games are now available on near half a thousand ORION TIP’s terminals in Slovakia. The players will now have a chance to explore all exciting betting possibilities of Greyhound Races, Virtual Greyhound Races, Virtual Horse Races and Virtual Motorcycle Speedway.

All those games are very dynamic and visually very appealing. Computer generated races are based on the real sports. When it comes to visualisation, NSoft team was dedicated to bring it to perfection in every single detail. The games are, with no exception, realistically animated creations with UI design players find user-friendly and pleasurable.

This release represents a continuation of the existing cooperation with ORION TIP. This betting company already offers NSoft`s Sportsbook solution: Pre-Match and In-Play Betting MTS in its retail network and on terminals.

The release of four virtual sports betting games represents the opening of NSoft’s virtual world to the market of Slovakia.
NSoft’s Technical Account Manager, Vlado Rosic – Milinkovic states: “I’m pleased, from personal and professional standpoint, that we have managed through exceptional cooperation with Orion Tip, to bring our Virtual games to the Slovakian players. This represents another milestone in our fruitful partnership, and without doubt cements Orion’s position as one of Slovakian top operators. I can firmly say that we’re glad to be part of it.”

Find out more on NSoft´s offer – book a meeting with NSoft´s sales staff or contact Sales team at sales@nsoft.com.

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Central Europe

Czech gambling investment groups KKCG and EMMA Capital decide to split on SAZKA

Niji Narayan

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Czech gambling investment groups KKCG and EMMA Capital decide to split on SAZKA
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Czech gambling investment companies KKCG and EMMA Capital have agreed up on splitting their share holdings of SAZKA Group.

According to the agreement, KKCG, owned by investor Karel Komarek, will get the following: full ownership of SAZKA Group, the biggest shareholder position in Greek betting firm OPAP, and the shares it holds in its Czech lottery unit, as well as OPAP, Italy’s LOTTOITALIA and Casinos Austria.

EMMA Capital, the investment group of investor Jiri Smejc, will now own SAZKA’s shares in Croatian sportsbook company SuperSport and financial compensation of several hundred million euros. SAZKA Group had previously announced that it was looking at an initial public offering in London to help fund growth in Europe and both Karel Komarek and Jiri Smejc have confirmed such a move is still on the table.

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