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.
SBC Summit Tbilisi 2024 Promises Growth and a Deep-Dive into Eastern Europe & Central Asia
SBC Summit Tbilisi is poised to reclaim the spotlight on 25-26 June at the Sheraton Grand Tbilisi Metechi Palace, marking its early return after a highly successful inaugural edition in October 2023.
1,500 senior sports betting and iGaming executives will reconvene in the heart of Georgia’s capital, to solidify their foothold in the promising markets of Eastern Europe and Central Asia, while gaining invaluable insights into the nuances that shape industry dynamics.
SBC has once again partnered with SMH to organise SBC Summit Tbilisi, continuing the event’s partnership that began with the SBC Summit CIS in Kyiv in 2021. SMH is an international iGaming and sports management organisation based in Georgia, bringing valuable local knowledge to an event that incorporates unique elements reflective of the vibrant Eastern European and Central Asian markets.
Lasha Machavariani, Founder and CEO of SMH, said: “I’m thrilled that the SBC Summit Tbilisi is making a comeback to my beautiful home country of Georgia. Witnessing all the engaging conversations and networking that took place last year filled me with pride, affirming that the effort that goes into organising an event of this calibre is absolutely and undoubtedly worthwhile.
“Offering a platform for those keen on Eastern European and Central Asian markets feels not only rewarding but also essential, especially given all the buzz in these markets we’re diving into. If this event wasn’t on your radar yet, now’s the perfect time to start considering it.”
Andrew McCarron, Managing Director at SBC, commented: “Operators, suppliers and affiliates who want to make a mark in the region simply have to attend SBC Summit Tbilisi if they are going to compete successfully. These markets are tricky to thrive in without local knowledge, which is why SBC has partnered with SMH in order to provide the platform for companies to perform effectively.”
Centered on these dynamic regions, the event promises an in-depth exploration of key markets, including Georgia, Romania, Serbia, Bulgaria, Kazakhstan and Slovenia among others, and guarantees to be a melting pot of ideas and strategies tailored for these geographically diverse regions. The conference agenda will focus on trends including the new regulatory landscapes in Eastern Europe and Central Asia, the influence of innovations from crypto to AI, and new developments in eSports, payments, and influencer marketing, among other topics.
Last year, the host country had a strong operator presence during the inaugural summit, with industry leaders like Adjarabet, Betlive, Crocobet, Europebet, Leaderbet, LVBet, Superbet, TotoGaming and Vbet making their mark.
Past event attendees responded exceptionally well to the inaugural edition of the event. Tereza Tokmajyan, CMO of TotoGaming, called it an ‘excellent opportunity for operators and service providers from the region.’ Dmitry Starostenkov, CEO of EvenBet Gaming, described it as “featuring a very active and representative audience, outstanding topics, and speakers”. Additionally, Vakhtang Mdivani, CPO and Co-Founder of Promofy, praised the event, expressing: “Hosting such an exceptional event in Georgia for the first time and setting the bar so high was truly awesome”.
This year’s show floor is set to be significantly larger, featuring over 60 exhibitors and sponsors, effectively doubling the count from the previous year. Moreover, there is an anticipated 70% growth in the count of operator representatives, and affiliate representatives are poised to experience a 50% increase compared to the figures reported last year.
To cater to the growing interest, this year’s event will expand its agenda, commencing with a half-day conference on the opening day (25 June). This addition brings the total number of featured speakers to 60, marking a significant 50% increase from last year.
The first day will feature a poker tournament followed by the Official Opening Party sponsored by Setanta Sports, taking place at Stamba Hotel. On the second day, a VIP dinner exclusively for C-level executives will be held at the Republic Restaurant, followed by a Closing Party at the Republic Event Hall.
GR8 Tech Wins Best Online Sportsbook Provider 2024 at SiGMA Eurasia Awards
GR8 Tech was named the Best Online Sportsbook Provider 2024 at the SiGMA Eurasia Awards ceremony on February 26, highlighting the company’s leadership in the online sportsbook market.
The prestigious award reflects GR8 Tech’s effective strategy and successful delivery of superior financial results for operators in a competitive landscape. Tailored for the evolving needs of the sportsbook industry, the GR8 Sportsbook platform enables operators to achieve and maintain profitable margins quickly, balancing user engagement and earning.
“This award from SiGMA marks an important milestone for GR8 Sportsbook, reinforcing its long-standing market presence and stellar reputation with fresh recognition from the industry. We at GR8 Tech are thrilled to receive this confirmation of our sports betting product value and will continue to develop it and shake up the landscape as the Best Online Sportsbook Provider 2024,” commented Oleksandr Feshchenko, GR8 Tech CRO.
In addition to the SiGMA Eurasia win, GR8 Tech has recently been shortlisted for Best Online Sportsbook Provider and Best Marketing Campaign categories at the SiGMA Africa Awards.
Fast Track’s Simon Lidzén Wins Best CEO 2024 Award at Sigma Eurasia
In recognition of his visionary leadership within the iGaming industry, Simon Lidzén, co-founder and CEO of Fast Track, has been honoured with the prestigious Best CEO 2024 award at the Sigma Eurasia event.
The award – granted annually to exceptional industry leaders – not only recognises Lidzén’s outstanding leadership but also Fast Track’s significant contributions to the digitalisation of the iGaming industry and inspiring teams and businesses to embrace change with cutting-edge technologies and AI.
His ability to set and commit to a strategic vision and provide direction, coupled with a deep commitment to fostering a culture and environment where the team can succeed, has placed Fast Track at the forefront of the industry, earning the company a world-class NPS of +77 and Great Place to Work certification for two consecutive years, with a Trust Index of 91% ranking Fast Track amongst the best employers in the world.
Reflecting on this achievement, Lidzén highlights the unwavering commitment and innovative spirit of the Fast Track team: “I’m truly honoured by this award. It was something I never saw coming. I’m very passionate about driving change, and I get to do that every single day with my team at Fast Track. They’re the most incredible and capable group of people I’ve ever worked with. They push me to be better every day, and therefore, this award is as much theirs as it is mine.”
As Fast Track continues to push the boundaries of innovation and service excellence, Simon Lidzén’s leadership remains a driving force behind the company’s success and its lasting impact on the iGaming industry.
Gammix Limited slams “outrageous and unsubstantiated” €19.7m KSA penalty
MiFinity Recognised for Information Security Excellence with ISO 27001 Certification
French Publisher TapNation tops Financial Times FT1000 list of Europe’s Leaders in Tech Media
Expanse Studios Presents: Super Heli – A Revolutionary Helicopter Adventure
ComeOn Group crowned “Sports betting operator” of the year by EGR Nordics Awards
Gods Reign Announces Groundbreaking Partnership with LG Electronics
Paf commits to Net-Zero by 2040
Week 9/2024 slot games releases
OKTO Enters into Partnership with Modulus
Gaming Americas Weekly Roundup – January 29-February 4
IGT Signs 12-Year Contract Extension with UAB Perlas Network in Lithuania to Deploy Upgraded Central System Software
SOFTSWISS Named Crypto Company 2024
GAMOMAT scoops the Great Place to Work Award at the International Gaming Awards
SCIENTIFIC GAMES’ NEWEST OMNICHANNEL GAMING SYSTEM TO POWER RETAIL AND DIGITAL SALES FOR NATIONAL LOTTERY OF DENMARK
Mr Vegas Secures Swedish License for Sportsbook, Promising 5 Years of Premium Betting Experience
Comtrade Gaming Enters the Content Market with the Launch of “CG Games” Division
Latest News5 days ago
NetBet Casino Joins Forces with Hacksaw Gaming
Latest News5 days ago
BGC Response to Online Stakes Announcement
Latest News5 days ago
Playtech and Veikkaus Forge Strategic Partnership to Elevate Live Casino Experience in Finland
Asia5 days ago
BIGGER PRIZES UP FOR GRABS IN UPCOMING PAGCOR LINKED BINGO GAMES
Latest News5 days ago
7777 gaming elevates global presence through strategic partnership with SoftGamings
Gambling in the USA5 days ago
Gaming Americas Weekly Roundup – February 19-25
Latest News5 days ago
Fairplay Exchange signs as new sponsor of Stephen Hendry’s Cue Tips
Interviews4 days ago
From Esports to Emerging Markets: Deep Dive into Sports Betting Trends 24’ with Alexander Kamenetskyi