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Czech Lawmakers Vote to Prohibit Slot Machines in Prague

Niji Narayan

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Czech Lawmakers Vote to Prohibit Slot Machines in Prague
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Czech Lawmakers have voted in favor of new decree to ban all electronic and mechanical gaming machines in the Czech capital. The decree awaits nod from the city council.

If it gets the council’s approval, it will mean the end of all legal slot machines and video lottery terminals in the Czech capital once the the current licensing period completes in 2024.

Existing licensed operators will still be able to continue until the end of the licencing period.

Prague councillor Hana Kordová Marvanová agreed that the new move would cause a loss of CZK400m (€15.1m) to the city’s annual tax revenue.

She said: “The issue of regulating the operation of gambling is primarily a question of finding a balanced solution, responding to the development of legislation and modern gaming technologies.

“On one hand, this leaves the citizen free to decide and do business, and on the other hand reduces pathological phenomena associated with gambling.”

 

 

Blockchain

Legia Warsaw Will Become the First Polish Club to Launch a Fan Token on Socios.com

George Miller

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Legia Warsaw Will Become the First Polish Club to Launch a Fan Token on Socios.com
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The reigning Polish champions Legia Warsaw, in partnership with fintech blockchain company Chiliz, have announced plans to launch a $LEG Fan Token on the blockchain-based fan engagement and rewards platform Socios.com in the coming months.

Legia Warsaw are the most successful Polish football club of all time, with a record 15 Ekstraklasa titles and will become the first Polish club to launch a Fan Token in order to increase engagement with their fanbase.

$LEG Fan Token owners will be able to access a wide range of benefits, including the right to vote in multiple club decisions each season, VIP rewards & experiences, exclusive club and sponsor promotions, games, competitions and ‘super-fan’ recognition.

The club joins a list of 21 major sporting organizations who have partnered with Socios.com to launch Fan Tokens, including FC Barcelona, Juventus, Paris Saint-Germain, AC Milan, AS Roma, Atlético de Madrid, Galatasaray and Trabzonspor. Leading esports organizations Team Heretics, NAVI, OG and Alliance have all launched Fan Tokens on the platform, while UFC have signed a global fan engagement agreement and fellow MMA organisation the Professional Fighters League will launch a Fan Token in the coming months. More major clubs are set to launch Fan Tokens in the near future.

Powered by the utility token Chiliz $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world and in just over a year it has been downloaded by more than 500,000 people.

Fan Tokens generated over $30M USD in revenue in 2020 that was shared with Socios.com clubs and partners.  In late December and early January several Fan Tokens were listed on major global exchanges, including Binance, driving significant activity, with Paris Saint-Germain ($PSG) and Juventus ($JUV) trading volumes hitting a 24 hour high of $300M in late December.

Details on the launch date for the $LEG Fan Token, the price and the first poll will be revealed soon. The maximum supply of $LEG Fan Tokens will be 5 million.

Paweł Kokosza, Commercial Director of Legia Warsaw, said: “We are very proud that the global brand Socios.com has joined the group of our partners. Pioneering solutions and new technologies, which additionally give our fans unique opportunities to actively participate in the life of our club, are the exact direction in which we want to develop.

We believe that the potential of the most popular sports brand in this part of Europe, which Legia Warsaw undoubtedly is, will allow Socios.com to gain many fans not only in Poland, but also in the international arena.”

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com, said:  “We’re really pleased to welcome Legia Warsaw as our first Polish club partner.

“Very soon Legia fans all around the world will have a new way to get closer to the club they love and will be able to influence the team in polls, access VIP rewards, exclusive promotions, chat forums and much more on Socios.com.

“We’re sure $LEG Fan Tokens will be a massive hit with fans and become a very powerful new engagement tool for the club.”

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Central Europe

BtoBet’s Report Highlights Potential of iGaming Industry in Poland

Niji Narayan

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Betting Report Highlights Polish iGaming Industry’s Potential
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According to BtoBet’s latest Industry Report, Poland has the potential to become one of the most relevant gaming markets on the European front. The report makes an in-depth analysis of what characterised its growth in the past few years.

The Report “Poland Betting Focus” provides detailed insights on betting psychographics, market characteristics, exponential growth of esports in Poland, Legislative overview and detailed breakdown of internet, smartphone and social media factors with year-on-year increase indications.

The report also makes an in-depth analysis of how operators can increase their market share by adapting their betting experience to the unique traits of the Polish market, taking into consideration the great following of esports, and how social media platforms could be holistically integrated to ameliorate the UX.

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Central Europe

EGT Interactive Enters Czech Republic with Synottip

Niji Narayan

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EGT Interactive Enters Czech Republic with Synottip
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EGT Interactive has entered the Czech Republic through its new partnership with online casino operator Synottip.

The operator already released some of EGT Interactive’s top-notch content. The titles that are already available for the Synottip players are Zodiac Wheel, The Story of Alexander, Rise of Ra, Burning Hot, Amazons’ Battle and many more.

“This partnership is another important step in EGT Interactive growth strategy for expansion across regulated markets. This deal is definitely a huge success for both sides,” Todor Zahariev, Managing Director of EGT Interactive, said.

“We are very pleased that we are the first Czech company with EGT games on Czech online market. Thanks to this we can enrich our current offer about another attractive portfolio of games. I really hope that our cooperation will be beneficial for both companies,” the Management of Synottip said.

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