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Slovakia to greet online gaming in July 2019

Niji Narayan

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Slovakia to greet online gaming in July 2019
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Slovakia’s parliament has passed the new gambling act prepared by the Ministry of Finance, which will open Slovak market for foreign operators, including operators with a registered office outside of Slovakia.

An online betting license will cost €3m. The same amount will have to be paid as fee for online casino license. If an operator applies for both, there will be reduction as the combined cost will only be €5m.

The new act should become effective on March 1 2019, except for some provisions which will be effective as of 1 June 2019.

As per the bill, a new gambling regulator, the Office for Regulation of Gambling, will come into effect. Currently, the Ministry of Finance is acting as Slovenia’s gambling regulator. The functioning of the regulator will be bankrolled by a tax on lottery operator turnover of 0.7 per cent of gross gaming revenue in the case of operators of other games.

Foreign operators will need to have a representative in Slovakia who will need to register with the Office and communicate with the Office on behalf of the operators.

Whilst currently, only the state monopoly holds the online licence, the new set up will see the state monopoly only apply to numerical lotteries, special bingo and receipt lotteries.

Online betting licences and online casino licences will last for 10 years, although for a combined land-based and online casino licence, the maximum licence period is five years with an option for an additional five years. Licences for online casinos will be issued from July 2019 with applications needing to be filed on or after 1 March 2019.

Any operators who were issued with a Blocking Order under the old Gambling Act will remain blocked under the new licensing regime.

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.

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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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Central Europe

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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