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“Developed in Ukraine”: Parimatch Tech co-CEO Web Summit 2021 Speech

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"Developed in Ukraine": Parimatch Tech co-CEO Web Summit 2021 Speech
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After the pandemic-related switch to an online-only format last year, Web Summit 2021 returned to Lisbon and welcomed guests from across the world once again. For the first time ever, Ukraine hosted a pavilion at the world’s largest digital tech conference as the synergy of government institutions and businesses.

Parimatch Tech, an international product company that provides tech and marketing solutions in the entertainment and betting industry, was honoured to represent Ukraine as the country’s leading IT market player. Maksym Liashko, Parimatch Tech’s co-CEO, held a panel discussion and shared his thoughts about Ukraine’s promising future in tech.

“The phrase “Made in China” is not surprising to anyone nowadays, considering the impressive global expansion of the Chinese market, touching almost every industry. In a few years, the phrase “Developed in Ukraine” will become as widespread. And it won’t be surprising for anyone working in the IT industry, keeping in mind Ukraine’s explosive growth in terms of startups, “unicorns”, and hundreds of thousands of absolutely incredible talented developers, project managers, creators emerging.” — Maksym started.

Parimatch Tech, operating in 14 countries, was born in Ukraine, continues to grow and develop in Ukraine, and plans to continue its global expansion from Ukraine. The company’s largest product is one of the most popular and advanced betting platforms in Eastern Europe and Central Asia, and as of today, the platform holds over 1400 transactions per minute, Maksym pointed out. As the company successfully operating in multiple countries, Parimatch Tech believe that Ukraine is one of the best places to develop and run a global IT business.

“Despite Parimatch Tech’s global presence, the company’s largest R&D office is based in Ukraine’s capital, Kyiv. Why? The professional environment, high standards of tech education, and adaptive business approaches make Ukraine one of the best places to develop business globally. Ukraine is a unique country where working and living is equally pleasant.”

Ukraine becomes more and more visible on the world’s map each year, and it’s booming IT sector is one of the reasons, Maksym believes. It is easy to relocate in Ukraine, and it is easy to do business, and the reason behind this is Ukrainians’ high professional adaptability — it’s as easy for us to work with locals as it is to host foreigners.

“It’s easy to work from Ukraine and establish global partnerships. Being a Ukrainian company, Parimatch Tech has managed to sign contracts with some of the biggest global sports companies, including Juventus FC, Leicester FC, Everton FC, Chelsea FC, and UFC. So, it’s only a matter of time till “Developed in Ukraine” becomes another benchmark in the IT industry.” — Maksym Liashko concluded.

 

Ukrainian IT sector overview

It is hard not to notice how thriving the Ukrainian IT sector is: its yearly growth is five times faster (25%) than the global average (4-6%), and there seems to be no sign of slowing down in the future. Here are some numbers to back it up:

There are over 5,000 IT companies operating in Ukraine.

250,000 developers are working at Ukrainian IT companies, including almost 1,000 Parimatch Tech employees.

Ukraine is home to five unicorns.

Over the last 6 years, Ukrainian startups raised $2 billion in VC investments.

By 2025, the industry is projected to generate $10 billion

 

Web Summit 2021 Facts and Numbers

Ukraine’s Web Summit 2021 pavilion featured a number of startups, IT companies, foundations, and innovations. Aside from Parimatch Tech, Ukraine was represented by the Ukrainian Startup Fund, The Ministry of Digital Transformation, The Ministry of Foreign Affairs, The Embassy of Ukraine in Portugal, Sigma Software Group, Ukrainian Hub, European Business Association, and iplace digital agency, as well as participants — Digital Future, Kyivstar, Rocket, Fondy, Avenga, ISSP, Concord Fintech Solutions, UNIT.City, and IT EDUCATION DEVELOPMENT.

Web Summit 2021 attracted some of the world’s most prominent speakers, journalists, and businesses. According to the report published by the Web Summit team, The event has connected over 42,000 people from 128 countries, proving to be a truly unifying global experience for tech enthusiasts, media, and businesses from across the globe. The event provided the visitors with an incredible opportunity to choose from hundreds of speakers who held a cumulative 1,333 talks in its four-day program.

Parimatch Tech also welcomes Web Summit’s commitment to making the event more diverse. According to the event organizers, over half of Web Summit’s attendees (50.5%) were women for the first time in the event’s history. This year’s Web Summit was supported by 211 partners, representing both local Portugal-based businesses and global tech giants alike. Parimatch Tech was proud and delighted to support the event and represent Ukraine’s thriving IT sector at the world’s largest tech conference.

Conferences in Europe

DATA.BET Attends European Gaming Congress 2024

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DATA.BET Attends European Gaming Congress 2024
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Esports betting provider to drive key discussions and compete for awards in Warsaw

DATA.BET, a prominent provider in the competitive betting industry, will participate in the upcoming European Gaming Congress 2024 (EGC), organized by Hipther. The renowned event, held in Warsaw on October 15-16, brings together key players from the gaming, esports, blockchain, AI, and fintech industries across Europe to discuss the sector’s most pressing trends and challenges. DATA.BET’s team will present the latest developments in esports betting and take center stage in a key panel discussion.

At the congress, Otto Bonning, the Head of Sales at DATA.BET, will participate in a panel discussion, “The Future of Esports: Opportunities and Challenges.” As the panel moderator, Otto will lead conversations with other experts, exploring the potential growth of esports and highlighting the strategic importance of esports betting in the evolving iGaming ecosystem.

Also, DATA.BET supports the event, contributing to Badge, Bracelet & Networking Break Sponsor categories. These efforts underscore the company’s commitment to facilitating meaningful industry interactions and enhancing attendees’ experience.

Moreover, DATA.BET has been shortlisted for two notable awards at the European iGaming Excellence Awards 2024, which will be held on the first evening of the congress. The company has been nominated as Best Esports Betting Provider in 2024 and Innovation in iGaming Technology in 2024 (Player Props). These nominations highlight companies leadership in esports betting and its steady contributions to technological advancements within the iGaming industry.

The upcoming conference provides DATA.BET with a valuable platform to connect with industry leaders, share insights and showcase its latest advancements in esports betting. Otto Bonning, Head of Sales, stated, “The EGC 2024 is crucial for exchanging ideas, sharing expertise, and discussing the future of esports betting. It also allows us to highlight our ongoing efforts to improve our solutions and meet the evolving needs of the industry.”

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How to Play Roulette: A Simple Beginner’s Guide

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Reading Time: 4 minutes

 

When it comes to iconic and thrilling games, roulette is one of the first ones that come to mind. The experience is the same irrespective of whether you’re playing at an online casino or a physical one. But that doesn’t work if you don’t know how to play roulette in casino. 

Understanding the Basics of Roulette

How does roulette work? The rules are quite simple. At the heart of the game is the roulette wheel, where the game takes place. There are numbered slots on the wheel from 1 through 36. These numbers are divided into red and black colors. There are also slots for zero, which are colored green. This game comes in two main variations. The American version has two zeros as standard. This makes the house edge slightly higher. But for the European version, there is only one zero. As the house edge on the European version (2.7%) is less compared to the American variant, we recommend it to all the players. Besides these, other game versions come with special casino roulette rules that completely change how you enjoy the game.

To grasp the game rules better, we recommend playing with bonuses that extend your playtime and offer more opportunities to practice. Playing with bonuses is also a smart way to try out various game strategies. Taking advantage of bonus offers at https://casinosanalyzer.com/casino-bonuses/24casino.com allows you to increase your bankroll and experiment with different game variants without risking too much of your own money.

Types of Bets in Roulette

Another crucial thing you must understand other than roulette rules is the different types of bets. The wagers in roulette can be classified into two major kinds: inside and outside bets. In physical casinos, you can find these on the roulette table. For online games, it should be somewhere on your user interface. 

Inside Bets

Inside bets are perfect if you want to score a huge win. But remember that the odds of winning these wagers are low. 

  • Single: Betting on a specific number.
  • Split: Betting on two numbers that are next to each other.
  • Row bets: Betting on three numbers next to each other.
  • Corner: Betting on four numbers that meet at a corner.
  • Line: Betting on six numbers across two rows.

Outside Bets

Outside bets are the exact opposite. They have higher odds but offer low payouts. If all you care about is getting frequent wins to keep the fun going, then outside bets are the way to go. 

 

  • Red/Black: Predicting the color of the winning number
  • Odd/Even: Whether the winning number will be odd or even.
  • High/Low: Whether the winning number will be in the lower half (1-18) or the upper half (19-36) of the numbers.
  • Dozen Bets: Predicting which dozen (first, second, or third) the winning number will belong to.
  • Column Bets: Predicting which of the three vertical columns the winning number belongs to.

A Step-by-Step Guide to Playing Roulette

If you try to play without knowing the roulette table rules, it will seem intimidating to you. That’s why, to help you get used to the game, we’ve made a step-by-step guide to play roulette. Check it out: 

  1. Placing Bets

Consider the different types of bets available and decide which one you want to stake money on. Then go ahead and place your bets. Remember to adhere to the casino’s betting limits. 

  1. Spinning the Wheel

Once all the bets are placed, the dealer will spin the roulette wheel in one direction and drop the ball in the opposite direction. This is how it’s done in a physical or live casino. For RNG roulette games, you’ll need to spin the wheel yourself. 

  1. Wait for the Outcome

If the ball lands in a slot that you predicted, you’ll get a payout. If not, you lose the round and have the option to try again. 

Best Strategies for Playing Roulette

Since roulette doesn’t involve any skill at all, players can benefit from using strategies. That’s the next thing you need to know after understanding the rules of roulette. These are a great way to expand your gameplay sessions and manage your gaming budget. Popular wagering strategies include Martingale, Fibonacci, and D’Alembert. If you search online, you can find detailed guides on how these work as well as many more strategies like these. 

The Most Common Mistakes to Avoid When Playing Roulette

New players have a habit of making some common mistakes when playing roulette. Let’s have a look at them so you don’t do the same. 

Chasing After Losses

Since it is a game of chance, there will be some cases where you might lose. The worst thing you can do is run after those losses to try and recover them. 

Staking Money on Every Spin

Don’t bet on every spin. Sometimes, it’s better to rely on strategy and take a little break before you start playing again. 

Balance the Risk and Reward

With every wager, you need to decide the balance of risk vs. reward. Do you want to win big, or do you want to win often? Make the choice before the wheel spins. 

Finishing Up

So, are you ready to try out this amazing game where luck, strategy, and planning all come together? Once you understand how the game is played, you can enjoy it in any physical or online casino worldwide. Just remember to play responsibly and have fun. 

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Balkans

SOFTSWISS Gets Certification for Its Jackpot Aggregator in Bulgaria

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SOFTSWISS Gets Certification for Its Jackpot Aggregator in Bulgaria
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SOFTSWISS, a leading technology provider for iGaming, has further solidified its presence in the European market by securing certification for its Jackpot Aggregator in Bulgaria. 

The iGaming market in Bulgaria is experiencing significant growth, attracting new businesses despite stringent domestic regulations. The market is projected to generate 168.70 million euro in revenue by 2028, with an annual growth rate of 5.42%. The number of users is expected to reach 377.3 thousand by the same year, further highlighting the sector’s momentum.

In line with this growth, SOFTSWISS announces that its Jackpot Aggregator has received certification from Gaming Laboratories International (GLI), ensuring it meets all technical requirements for use in the Bulgarian market. With the new certification of the SOFTSWISS Jackpot Aggregator, Bulgarian-licensed operators can integrate this advanced engagement tool into their casino offerings.

In May, SOFTSWISS successfully entered the Bulgarian market through a partnership with Topwin.bg, which implemented the SOFTSWISS Casino Platform, the Game Aggregator, and the Sportsbook.

“We are seeing a strong surge in interest in our jackpot mechanic, fueled by the growing demand for engagement tools in the market. That’s why we are committed to further developing the Jackpot Aggregator, enhancing its features, and expanding into new markets. Certification for the Bulgarian market is a clear testament to our ambition and drive for expansion. We are actively working on obtaining certifications in other jurisdictions,” comments Angelina Stasiuk, Head of Business Line at SOFTSWISS Jackpot Aggregator.

SOFTSWISS has several international and national licences and certifications, including a South African licence acquired through the purchase of a majority stake in Turfsport. The company recently announced its plans to become the first certified software provider in Brazil.

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka Affiliate Platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.

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