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EGT Interactive Enters in Hungary’s Online Gaming Market

Niji Narayan

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EGT Interactive Enters in Hungary’s Online Gaming Market
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EGT Interactive has entered in the online gaming market of Hungary. The most appreciated EGT Interactive games are now accessible to players of LVC in their online casino – www.vegas.hu.

“As a natural continuation to our long-term partnership in the land-based field, we are extremely excited and looking forward with great expectations to this collaboration that naturally closing the circle for the players. Providing the same portfolio of EGT games to LVC’s base of customers in the land-based, as well as in their online casino, is one of our biggest advantages. This deal also strengthens our presence in Europe and is a continuation of the ongoing policy for expansion in new markets,” Todor Zahariev, MD of EGT Interactive said.

The players of vegas.hu can enjoy the attractive RTP strategy of the first 20 games that keeps the player longer in the game, which along with the sleek graphics and the high execution quality of the video slots, are the features that make EGT Interactive games stand out and build a strong base of fans worldwide.

“We are delighted to enter a new phase of our cooperation with EGT Interactive, with the introduction of their video slots to vegas.hu, the first licensed online casino in Hungary. We work tirelessly to ensure that our players get the best possible service, and therefore we are planning to launch additional games in the near future,” Béla Zsolt Orbánhegyi, the Online Operations Director of vegas.hu said.

Central Europe

Czech Republic to Introduce Gambling Exclusion Register in 2020

Niji Narayan

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Czech Republic to Introduce Gambling Exclusion Register in 2020
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Alena Schillerová, Finance minister of the Czech Republic, has revealed that an exclusion register to block a range of individuals – both voluntarily and involuntarily – from gambling would launch next year. The incoming exclusion register follows on from the 2017 Gambling Act, which legalised iGaming in the Czech Republic for the first time.

Individuals on this list will not be allowed to gamble at all, whether that be online or land-based. People who have been declared bankrupt, are on welfare, or have been treated for gambling addiction will all be added. There shall also be an option for players to voluntary exclude themselves, if they want to.

“We will publish documentation at the turn of this year and begin testing, so that this register is operational in mid-2020,” Schillerová said.

“Currently, all indicators of online gambling are growing. The proportion of online players is increasing, and sports betting is the biggest problem. Young men are particularly at risk from developing problems. This is what our next steps are targeting. It’s not a matter of deleting new technologies from life. Instead, we’re looking to find a balance for their use,” Jarmila Vedralová, National Drug Policy Coordinator in the Czech Republic said.

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Central Europe

LIV secures $2.6m in funding from Hiro Capital for its revolutionary Mixed Reality game streaming platform

George Miller

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LIV secures $2.6m in funding from Hiro Capital for its revolutionary Mixed Reality game streaming platform
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  • Hiro Capital announces its second deal with a lead Series A investment in Prague-based LIV, the breakthrough VR streaming platform;

  • LIV is a next-generation game streaming platform, built to empower Virtual Reality streamers and game stream audiences to interact with each other in fun and meaningful ways – https://liv.tv/;

  • LIV’s proprietary technology turns stream viewers from passive spectators into active participants in the game and brings the streamer’s real-world moving body into the live digital VR stream;

  • LIV connects Game Developers, Streamers and Audiences to create the ultimate VR spectator experiences

  • Hiro Capital and LIV first connected at Slush Helsinki in November 2018, and are pleased to announce this Series A investment concurrent with Slush 2019.

  • This Series A round includes co-investment from leading Central European technology VC Credo Ventures and London-based Seedcamp;

LIV – the Mixed Reality game streaming platform – has secured $2.6m in funding to expand its development team in order to accelerate its revolutionary streaming technology and  integrate more third-party games studios.

The Series A funding round has been led by Hiro Capital – the new Games, Esports/Streaming and Sports technology VC Fund led by Inspired Entertainment co-founder Luke Alvarez, Games Workshop co-founder Ian Livingstone CBE and Cherry Freeman, co-founder of LoveCrafts. LIV is Hiro’s first Streaming/Esports investment.

LIV was Seed funded by leading technology Seed investors Seedcamp (London), Techstars (Los Angeles) and Credo Ventures (Prague) together with Jaroslav Beck from Beat Games and VR legend Palmer Luckey, the creator of Oculus Rift. Credo Ventures and Seedcamp are also participating in this Series A round alongside Hiro.

LIV was founded in 2016 by AJ Shewki (Dr Doom), Steffan “Ruu” Donal and friends – a team of ex-competitive gamers, Twitch streamers, game developers and nerds who tried early VR HMDs and became convinced of VR’s huge potential in the future of Entertainment and Esports. Yet when they tried to broadcast their adventures in VR, they found the spectator experience was broken.

“The tools used for broadcasting traditional PC games couldn’t show the intensity of what we were experiencing as players” says Dr Doom, CEO and co-founder of LIV. “In VR, your body is the controller and that’s part of the magic. As a player, you are fully immersed in VR, but unless we can show the player’s body interacting with their VR environment, the 2D stream audience is missing out. And that’s how we got started — we wanted to level up the VR spectator experience.”

Doom continues: “Our mission at LIV is to connect Game Developers, Streamers and Audiences to create the very best VR spectator experiences. We are now in full swing, with hundreds of VR games integrated, (including from leading developers like Beat Games, Cloudhead Games and Survios), thousands of VR streamers (like Ragesaq and VROasis) and billions of views to date of LIV-powered game streams on Twitch, Mixer, YouTube etc.

“Our next releases will add dynamic lighting, progression systems and other cool features as the LIV Play platform becomes a massive scale MMO for live gaming spectator-ship. We are obsessed with creating shared hybrid game experiences where audiences play an integral role in the success of the streamer’s game. We’re super pleased to bring in investors like Hiro, Credo and Seedcamp who share our vision of the future”

Luke Alvarez, Managing Partner of Hiro, said: “Hiro is excited to be investing in LIV as our Fund’s second deal and as our first in Esports/Streaming. Doom and his team are super smart, passionate gamers and streamers, living and breathing in the Mixed Reality world which they are empowering with LIV. While the VR market is still small, the streaming audience is huge.

“At Hiro, we believe in Digital to Real World Convergence and we like tech that brings these worlds together, getting people out of their seats in creative communities. LIV delivers on these values and our team is looking forward to working with Doom and team as they take LIV into the future.”

Ondrej Bartos, Partner at Credo Ventures, said: “VR has been a promising space for quite a while, and we believe it is exactly the kind of tech that LIV is bringing that will be vital to unlock the potential of the market. We at Credo are also big believers in founder market fit which in this case definitely is there – Doom and his team are bringing a solution that they as gamers and streamers needed, and as the current uptake shows they were not alone. We don’t see too many teams as passionate, experienced and competent as LIV.”

 

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Central Europe

Totalizator Sportowy to Pay More Than PLN 1 Billion as Gaming Tax

Niji Narayan

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Totalizator Sportowy to Pay More Than PLN 1 Billion as Gaming Tax
Photo Source: golfnews.pl
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Totalizator Sportowy is going to transfer more than PLN 1 billion (around $258 million)  to the state budget for gaming tax. In the next year, even higher amounts are expected because the company is dynamically developing in new market segments. The amendment to the Act on gambling gave Totalizator Sportowy the opportunity to develop in new areas.

“We are in the period of the largest and fastest transformation in the company’s 60-year history. We imposed a very ambitious plan, because in two or three years we want to work out what companies like ours in other countries took from 5 to 7 years. Today, looking at the results, we are proud that we succeed,” Olgierd Cieślik, Totalizator Sportowy’s President of the Management Board said.

The management board of Totalizator Sportowy estimates that thanks to new branches of business, from the tax on games alone, the company may transfer over PLN 1 billion to the state budget in 2019.

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