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X-TIP acquires Totolotek in Poland

Niji Ng

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X-TIP acquires Totolotek in Poland
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XTIP Polska, a Poland-based gaming company is going to take control of Totolotek SA, a betting company based in the country. XTIP Polska has submitted the relevant application to the Office for Competition and Consumer Protection (UOKiK) on December 14.

XTIP Polska is a joint venture of Merkur Sportwetten GmbH and TMT Investments S.A.

Along with various other businesses, the Gauselmann Group also operates a network of CASINO MERKUR-SPIELOTHEK salons. The group is also active in sports betting, online games and casinos. TMT Investments is in turn an investment and consulting company. It has a number of investments in Poland.

Totolotek is a licensed mutual betting operator in Poland, which offers sports betting, betting on matches, dogs and horses racing. It is controlled by Intralot S.A. Totolotek SA is a company which is responsible for organising the Lotto draws.

According to surveys conducted by CBOS, in 2017 almost half of adult Poles played gambling games. Lotto is the most frequently chosen game for money, and 40 per cent of the lottery respondents participates in them.

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Central Europe

Poland to fight against tax crimes

Niji Ng

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Poland to fight against tax crimes
Photo Source: warsawpoint.com
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A law has been prepared by the Ministry of Justice, which allows effective counteracting organised crime, especially tax crime, illegal circulation of alcohol, cigarettes and electronics or illegal gambling. This is done by the amendment of the Penal Code prepared in the Ministry of Justice.

The new law aimed at criminals who are cheating on taxes, duties or excises.

Revenues from VAT to the state budget in 2017 increased by PLN 30 billion, which is by almost a quarter compared to the previous year. This is more than all year spending on the “Rodzina 500+” programme.

The next action is far-reaching changes in the Penal Fiscal Code. They are necessary because the obsolete law (the Penal Fiscal Code Act has not undergone a deeper amendment for 10 years) means that huge amounts instead of, for example, social purposes go to the pockets of criminals who cheat on taxes, duties or excises.

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Central Europe

NSoft’s Sportsbook released to Orion Tip retail network in Slovakia

George Miller

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NSoft’s Sportsbook released to Orion Tip retail network in Slovakia
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NSoft`s Sportsbook offer Pre-Match and In-Play Betting MTS has been released to Orion Tip`s retail network in Slovakia. This represents continuation of the existing cooperation with Orion Tip who has introduced Nsoft’s sports betting offer to its players via terminals and now extended it to retail offer.

NSoft has been recording constant growth of placed In-Play bets. Managed Trading Service (MTS) in sports betting provides flexibility and represents an effective risk management strengthening competitiveness, minimising operational risks and costs.

Comprehensive NSoft´s Sportsbook solution, driven by Betradar data, provides clients with extensive offer of more than 370 000 events from 60 different sports (Pre-Match MTS) and up to 25,000 live events per month across 20+ sports (In-Play MTS) together with corresponding odds and results.

Find out more on NSoft´s Sportsbook offer – book a meeting with NSoft´s sales staff in London at the upcoming ICE London, February 5-7, Stand S1-260 or contact Sales team at sales@nsoft.com.

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Central Europe

New legal regulations in Poland

Niji Ng

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New legal regulations in Poland
Photo Source: cmo.com
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New regulations on the documentation of gambling will enter into force on 18 January 2019. On 28 December 2018, the Minister of Finance amends the ordinance on the documentation of entities operating in the field of gambling.

Pos. 26 Overview:

Entries for documentation kept in paper form shall be made in a permanent and legible manner. Amendments and corrections in this type of documentation shall be made in such a way that the crossed out original text remains legible. However, each change or amendment is confirmed by the signature of the person making the change or amendment, giving the date of their introduction, and if necessary, it is described under the heading “comments.”

On the other hand, entries in the documentation kept in electronic form are made using a computer programme, in accordance with the written instruction manual of this programme, in such a way as to:

* provide an insight into the content of alerts and ensured protection of recorded data against destruction or loss, in accordance with the principles of confidentiality, integrity and accessibility;

* provide protection against unauthorised access, in particular through the use of authentication and authorisation mechanisms;

* enable printing of entries and reports from entries made, along with the changes made, in chronological order;

* ensure identification of the person making the change in the documentation along with the date of making this change.

The documentation should be registered by the competent head of the customs and tax office. In the case of paper-based documentation, the documentation must also be officially sealed by the appropriate head of the customs and tax office, and individual documentation cards—numbered consecutively.

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