Armenia plans to raise casino-related tax
Armenia’s finance ministry is planning to change the existing system of taxation to gambling operator. The ministry intends to base it directly on the gambling revenue. Now casinos pay fixed fee in Armenia, which varies from city to city (for example, in Tsakhkadzor—150 million drams per year, in Sevan—120, in Jermuk—80, in Meghri—30). In other areas, the fee is 4.5 billion (about 9.3 million $). The ministry wants to change the fixes fee to a variable tax based on the revenue of a particular casino.
“But it is more correct if the tax depends on their revenue. The more money they collect, the more they pay taxes. Previously, it was more difficult for us to keep track of what the casino turnover was, but now there is such an opportunity. Therefore, we will fix the turnover and count tax on it,” the acting Deputy Minister said.
EGT Digital to Enrich Gaming Choice of Betlive’s Customers
EGT Digital continues its winning streak in Georgia. The prominent local operator Betlive enriched the gaming choice of the players on its betting site by adding to its portfolio the 18 top-performing titles of Bell Link, High Cash jackpots, as well as the 5 single progressives Rise of Ra, Versailles Gold, 20 Super Hot, 40 Super Hot and Burning Hot.
“The partnership with Betlive is another milestone for us. It is convincing proof of our company’s growing popularity and the serious positions it occupies as one of the preferred gaming providers for more and more operators in Georgia,” Tsvetomira Drumeva, Head of Sales at EGT Digital, said.
“EGT Digital’s games immediately captivated the attention of our website’s visitors, who are looking for a rich variety of themes along with high chances for winnings and bonuses. Our impressions of their performance so far have been excellent and I believe that we will continue working with the Bulgarian provider for a long time in order to provide our customers with high-quality online gaming entertainment,” Varlam Sakhvadze, Head of Games Department at betlive.com, said.
SiGMA Awards Recognizes Upgaming as Leading Aggregator of the Year
Upgaming, the Leading iGaming solutions provider, has been named as the “Aggregator of the Year” at the prestigious SiGMA Eurasia Awards, cementing its position as a leader in the industry.
The SiGMA Awards is among the most respected awards in the online gaming industry, recognizing excellence in gaming innovation and technology. Upgaming was shortlisted in four categories at the awards, including “The Platform of the year,” “The Sportsbook provider of the year,” and “E-sports product of the year.” The company has won the “Aggregator of the Year” award, showcasing its dedication to innovation and excellence in the gaming business.
Their success is primarily due to its commitment to innovation and ability to stay ahead of the curve in an ever-changing industry. Upgaming’s aggregation software offers an exceptional user experience, combining the best games from the world’s leading providers into a single, splendid gaming library. With over 12 000 games from more than 180 top providers, that can be integrated with an API that allows seamless integration of gaming software into any iGaming platform.
Commenting on the award, Goga Bibiluri, Chief Marketing Officer at Upgaming, said:
“We have always strived to provide our customers with the best iGaming products and solutions, and The award is a testament to our commitment to excellence. It’s an honor to be recognized by industry experts for our efforts. We will continue to push boundaries and innovate to maintain our position as the leading iGaming solutions provider.”
Upgaming’s success at the SiGMA Awards clearly indicates the company’s leadership in the online gaming industry. With a commitment to innovation and a focus on the user experience, Upgaming is poised for continued success and growth in the years to come.
Digitain Wins “Sportsbook Provider of the Year” at SiGMA Eurasia Awards 2023
Digitain, the leading sportsbook and casino platform provider in the igaming industry, announces its award in the category of the “Sportsbook Provider of the Year” at the SiGMA Eurasia Awards. The awards ceremony was held during the SiGMA Eurasia Expo at the InterContinental Dubai Festival City on March 14, 2023.
Zohrab Karapetyan, Chief of Sportsbook Product at Digitain said: “This award is a testament to the continued innovation, and passion our whole team has in creating the best optimal sportsbook digital experience across multiple regulated markets for our partners and their players.”
“As a business and a team, we continually listen to customer needs and review market trends and jurisdictional requirements, to ensure we deliver this highest level of digital technology, support, and customer excellence. We have an ambitious product roadmap for our sportsbook throughout this year and beyond and look forward to sharing more innovative achievements with our global partners.”
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