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Armenia Intends to Impose Additional Taxes on Bookmakers and Sweepstakes

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The Armenian parliament has passed the first reading of state duty amendments that would see duty increased for betting, sweepstakes and online gaming.

According to Deputy Minister of Finance Arman Poghosyan, the problem is that although these companies have been paying tax on profit since 2021, the need for new regulations has arisen, as the sector’s turnover has grown dramatically since 2017- from 140 billion drams to 4.2 trillion drams in the first 9 months of this year ($1 – 395.30 drams).

The amendments call for revising the licenses provided to these companies and introducing a quota system.

In particular, a company organising Internet gambling with the winnings will have to buy from the state the right to accept bets worth 100 billion drams and pay 175 million drams in duty for every 100 billion.

The system for sweepstakes is different – for the right to accept bets of 50 million drams, they will have to pay additionally 5 million drams.

The proposed changes are expected to generate additional revenues of 10 billion drams annually, except for 2023, as the law is to enter into force on July 1.

EurAsia

SiGMA Awards Recognizes Upgaming as Leading Aggregator of the Year

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SiGMA Awards Recognizes Upgaming as Leading Aggregator of the Year
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Upgaming, the Leading iGaming solutions provider, has been named as the “Aggregator of the Year” at the prestigious SiGMA Eurasia Awards, cementing its position as a leader in the industry.

The SiGMA Awards is among the most respected awards in the online gaming industry, recognizing excellence in gaming innovation and technology. Upgaming was shortlisted in four categories at the awards, including “The Platform of the year,” “The Sportsbook provider of the year,” and “E-sports product of the year.” The company has won the “Aggregator of the Year” award, showcasing its dedication to innovation and excellence in the gaming business.

Their success is primarily due to its commitment to innovation and ability to stay ahead of the curve in an ever-changing industry. Upgaming’s aggregation software offers an exceptional user experience, combining the best games from the world’s leading providers into a single, splendid gaming library. With over 12 000 games from more than 180 top providers, that can be integrated with an API that allows seamless integration of gaming software into any iGaming platform.

Commenting on the award, Goga Bibiluri, Chief Marketing Officer at Upgaming, said:

“We have always strived to provide our customers with the best iGaming products and solutions, and The award is a testament to our commitment to excellence. It’s an honor to be recognized by industry experts for our efforts. We will continue to push boundaries and innovate to maintain our position as the leading iGaming solutions provider.”

Upgaming’s success at the SiGMA Awards clearly indicates the company’s leadership in the online gaming industry. With a commitment to innovation and a focus on the user experience, Upgaming is poised for continued success and growth in the years to come.

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EurAsia

Digitain Wins “Sportsbook Provider of the Year” at SiGMA Eurasia Awards 2023

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Digitain Wins "Sportsbook Provider of the Year" at SiGMA Eurasia Awards 2023
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Digitain, the leading sportsbook and casino platform provider in the igaming industry, announces its award in the category of the “Sportsbook Provider of the Year” at the SiGMA Eurasia Awards. The awards ceremony was held during the SiGMA Eurasia Expo at the InterContinental Dubai Festival City on March 14, 2023.

Zohrab Karapetyan, Chief of Sportsbook Product at Digitain said: “This award is a testament to the continued innovation, and passion our whole team has in creating the best optimal sportsbook digital experience across multiple regulated markets for our partners and their players.”

“As a business and a team, we continually listen to customer needs and review market trends and jurisdictional requirements, to ensure we deliver this highest level of digital technology, support, and customer excellence. We have an ambitious product roadmap for our sportsbook throughout this year and beyond and look forward to sharing more innovative achievements with our global partners.”

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Affiliate Industry

Affilka by SOFTSWISS Reconfirms Best Software Status at SiGMA Awards

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Affilka by SOFTSWISS Reconfirms Best Software Status at SiGMA Awards
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SOFTSWISS, a leading tech provider with 10 years of iGaming expertise, has added a new trophy to its award portfolio. Affilka by SOFTSWISS was recognised as the Affiliate Tracking Software of the Year at the recent SiGMA Eurasia Awards ceremony held on 14 March 2023. 

The good tradition of winning awards every year started in 2022 when Affilka by SOFTSWISS bagged the Best Affiliate Tracking Software Award at the SiGMA Balkans & CIS. 2023 began on a high note for the lauded iGaming affiliate software and promises to be no less rewarding as the team never rests on its laurels. 

Since its launch five years ago, Affilka by SOFTSWISS has been providing reliable support to over 200 live brands. Last year, 56,000 new affiliate accounts were registered on the platform through which 10 million new players were brought to operators. As a result, the total affiliate GGR increased by 60% and total player deposits  by 53% YoY.

In addition to the rapid growth of its metrics, last year Affilka by SOFTSWISS onboarded a number of progressive enhancements such as a CPL commission model, Reports API tool and cryptocurrency affiliate cashout option.

Alpha Affiliates comments: “Having scrutinised the platform capabilities, team performance and feedback from partners, we migrated to Affilka by SOFTSWISS at the end of 2022. Our team noted such advantages associated with the affiliate platform software as professional support, an intuitive interface, extended customisation options, and quick payments to partners. Of course, there are certain points for further growth, and we see that Affilka is moving step by step in the right direction, addressing and solving complex issues.”

Anastasia Borovaya, Head of Affilka by SOFTSWISS, says: “We are absolutely delighted that our product, Affilka by SOFTSWISS, received yet another award. 2022 has been our biggest year since we went live five years ago, and the growth we have seen across all parts of the business is truly incredible. With two awards won, we are now more motivated than ever to continue our developments to unlock new horizons for Affilka by SOFTSWISS.”

Alongside Affilka’s string of successes, SOFTSWISS has also been at the forefront of innovation over the past 12 months, with its products and solutions being named Rising Star in Sports Betting at the SBC Awards Latinoamerica, Game Aggregator of the Year at the EGR B2B Awards 2022 and Starlet Awards and Crypto Company of the Year at the International Gaming Awards.

 

About SOFTSWISS 

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

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