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iGaming leaders in confident mood at KPMG Gibraltar eSummit

George Miller

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KPMG Gibraltar eSummit
KPMG Gibraltar eSummit 2018. Photo credits: KPMG Limited
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More than 300 delegates met in Gibraltar at the KPMG eSummit 2018 which took place on the Sunborn Yacht last week, to learn more about the future for iGaming and blockchain.

The Summit is one of the year’s highligt for all those linked to the iGaming industry in Gibraltar. The 2018 summit was also a must go event to those who are working hard to to position Gibraltar as an emerging Fintech hub. the most important topics were: Brexit, the evolving regulatory landscape with particular reference to DLT (distributed ledger technology) and tokens, PASPA in the USA, customer protection, industry and jurisdisction predictions and market developments.

After a welcome from KPMG’s Micky Swindale, founder of the eSummit events, the conference was opened by Gibraltar’s Minister for Commerce, the Hon. Albert Isola, who was upbeat in his assessment that “the iGaming industry in Gibraltar remains in excellent health and order”. Minister Isola observed that both new and established providers continue to apply for licenses and that over 3,250 people are directly employed by the industry in Gibraltar, with half as many again employed in support services.

Whilst acknowledging that Brexit has created uncertainty, it was clear, he said, that progress was being made with the UK Government to “square the circles”, adding that “only Gibraltar has guaranteed access to UK markets post Brexit”.

Minister Isola also took the opportunity to present KPMG recognition awards to two long-standing stalwarts of the Gibraltar eGaming community: outgoing Gambling Commissioner Phill Brear and former CEO of Burford Group and 888 John Anderson. The Minister commented that it was “impossible to separate Phill Brear’s work from our success as a gaming jurisdiction” and commended Mr Anderson as “an unsung hero” who had provided “excellent service to the industry and jurisdiction for over 40 years”. Both men were presented with commemorative wood carvings in the shape of gaming chips.

Phill Brear then took to the stage himself to give a regulatory overview, reflecting that Gibraltar’s success in the iGaming industry had been largely down to who it had chosen to licence and the professionalism of operators who were prepared to engage and listen to each other. His successor Andrew Lyman then outlined his impressions of his first 100 days in the job, and assured delegates that the Gambling Commission would continue to work closely with operators to remain a supportive regulatory regime.

Sian Jones, senior advisor to the Gibraltar Financial Services Commission, provided a fascinating insight into the burgeoning DLT sector in Gibraltar and the practicalities of legislating for an industry that is still being formed. She revealed that 30 applications have been received for DLT licences in Gibraltar with the first expected to be issued this summer. Sian also discussed the Commission’s ongoing work around regulating tokenised digital assets and Initial Coin Offerings.

In one of the two IMGL Masterclass sessions, KPMG Brexit advisor Mark Essex took to the stage to host a panel discussion on Brexit looking at the potential implications of UK’s departure from the EU and the transition period for Gibraltar. Panellists agreed that it was important to plan for a number of different outcomes but avoid committing too early to any major change ahead of the final agreement on a deal. This session also included a poll of delegates that revealed “ensuring free movement across the border” is currently considered the single most important factor in Brexit outcomes for Gibraltarian operators.

The second Masterclass was led by Richard Schuetz, who has worked both as an operator and a regulator in the US gambling industry. He gave an entertaining account of his experience with some useful tips on building relationships and the wisdom of staying onside with regulators.

In the afternoon delegates had a choice of attending breakout sessions which included an update on data protection from local law firm Hassans, cyber security benchmarking from Neil Coutts at KPMG and gender diversity in technology from the Gibraltar Girls in Tech team. Sessions on crypto funds and a panel discussion on Gibraltar’s proposition for Fintech were also well attended.

In the main conference area, in the fabulous surroundings of the Sunborn’s ballroom, the iGaming conference programme continued with a market update from Simon French of Cenkos Securities, who also hosted a panel discussion on M&A activity. Delegates were then introduced to HABET, a virtual world treatment currently in development for gambling disorders, followed by a panel discussion on protecting vulnerable customers. Andrew Lyman led the traditional industry outlook panel at the end of the day before delegates retired to the Sunborn’s sun deck for drinks, informal chat and networking opportunities.

The KPMG eSummits are recognised as leading industry events and take place with the help of a number of generous sponsors including HM Government of Gibraltar, Continent 8, Gibtelecom, Hassans, Mishcon de Reya, SMP, ISOLAS, Microgaming and Kompli-Global.

Speaking after the event, KPMG’s Global Head of Leisure Will Hawkley said it had been another day of highly valuable education and discussion for all those who had attended. “With events moving at such a pace, and external pressures such as Brexit and evolving legislation still creating uncertainty, it is extremely helpful and constructive to have an opportunity to reflect on how the industry in Gibraltar has progressed to date and where we would all like it to go in the future.

It is very encouraging to see such a positive picture emerging and I’m extremely grateful to all our clients and speakers for sharing their insights and providing thought leadership on such an important range of topics.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Baltics

Lolita Sumskaite (Head of Unit at Ministry of Finance, Lithuania) to speak at MARE BALTICUM Gaming Summit 2

Zoltan Tundik

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Leading industry expert responsible for designing the national gambling policy in Lithuania through legislation for more than 17 years, set to join the “Gambling Industry in Lithuania” (Compliance Panel Discussion) at the second edition of the most important gambling industry conference in the Baltic and Scandinavian region.

We are honoured to announce that Ms Lolita Sumskaite will represent the Ministry of Finance of the Republic of Lithuania at MARE BALTICUM – The Baltic and Scandinavian Gaming Summit 2019, which will take place on 9 May 2019 at Radisson Blu Royal Astorija Hotel.

Lolita Šumskaitė is working for the Ministry of Finance of the Republic of Lithuania and was responsible for designing the national gambling policy in Lithuania through legislation for more than 17 years. She was the main author of the first Law on Gambling, which was adopted in 2001. Lolita is a member of EC Expert Group of Gambling Services.

Since 2010, her responsibilities also include insurance – designing insurance policy through legislation and her main responsibility is to implement EU regulation into national legislation.

Starting 2013, she is responsible for anti-money laundering acts – following and participating in the negotiations in the EU Council on the text of Anti Money Laundering Directive, preparing LT positions. Lolita was Chair of the EU Council’s Working Party discussing fourth Anti Money Laundering Directive during LT Presidency of the EC.

MARE BALTICUM – The Baltic and Scandinavian Gaming Summit will once again bring together the leading companies in the Baltic and Scandinavian region for a full day of quality learning and networking with local regulators and industry experts.

You can find more details about the Agenda here or you can register here!

Browse the official event website here: www.marebalticumgaming.com

You can view the photo gallery from the inaugural event on the following this link.

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Conferences in Europe

BETEGY announced as AI BRIEFING SPONSOR at Prague Gaming Summit 3

Zoltan Tundik

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Without any doubt, 2019 is the year which will have many discussion that involves the use of AI in Big Data, sports betting, casino, lottery, analytics, responsible gambling, and many more verticals.

The recently announced sponsor at Prague Gaming Summit stands out in the crowd of software and service suppliers of the online and land-based gambling industry.

BETEGY is the sports data analytics company, which works on the intersection of sports, technology, and gaming. It provides various B2C and B2B products. BETEGY licenses the data and visualization systems to global sports betting and media companies like ESPN (USA), Turkcell (Turkey), Ringier Axel Springer (Eastern Europe), Wozhongla.com (China), Yahoo Sports (UK), Bwin (Russia) and others

Do not miss this exciting opportunity to meet the team at Prague Gaming Summit 3 and discuss collaboration possibilities! You can Register here or View the Agenda

The conference is held on a yearly basis and it is a “must-attend” gathering for all industry shareholders who are looking for top quality learning and networking having the online and land-based gambling industry in focus.

Prague Gaming Summit offers the opportunity for both new companies and veterans, to learn about industry insights and compliance update, while also being part of a group that is at the forefront of the gambling industry in the Czech Republic, Slovakia, Poland, Austria, Switzerland, Germany, and Liechtenstein.

The Summit will approach all regulatory and compliance related aspects of the mentioned markets and will also highlight some trending topics such as the relationships between Regulators, Operators – Affiliates, MasterCard’s new requirements for Online Merchants (CFD, FX, Gaming, Crypto), understanding millennials (with emphasis on eSports, Daily Fantasy Sports an Virtual Sports), outsourcing for gaming companies, IT security, AML, KYC, CSR.

The program will also include a very important IMGL MasterClass that will aim to share the latest insights by the International Masters of Gaming Law experts about advertisement banning.

Full details about the event can be found on the official event website: www.praguegamingsummit.com

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Baltics

Early Bird Rate and Nominations expire in two weeks for the Baltic and Scandinavian Gaming Summit and Awards

Zoltan Tundik

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Reading Time: 2 minutes

 

There are only two weeks to register at the Early Bird Rate for MARE BALTICUM – The Baltic and Scandinavian Gaming Summit and save 100 EUR for your ticket(s).

The second edition of the conference will take place on 9 May 2019 at Radisson Blu Royal Astorija Hotel and as announced earlier, the conference will include the inaugural edition of the BSG Awards (Baltic and Scandinavian Gaming Awards). The awards ceremony will celebrate the leading companies for their respective categories from the Baltics and Nordics.

You can find more details about the nominations and categories on the following link.

In terms of the content and networking, some of the leading industry experts from the region, which includes regulators, lawyers, gambling operators, and supplier representatives, will supply the continuous presentation.

Some of the leading names have already been added to the speakers lineup, which include Andrius Gabnys (Founder at Gabnys Law Firm) – Conference Ambassador, Lolita Sumskaite (Head of Unit at Ministry of Finance, Lithuania),  Signe Birne (Lotteries and Gambling Supervisory Inspection of the Republic of Latvia), Taivo Põrk (Ministry of Finance, Estonia), Valts Nerets (Senior Associate, attorney-at-law at Sorainen), Viktorija Antanaviciute (Managing Director at TonyBet), Morten Ronde (CEO at Danish Online Gambling Association and Managing Partner at Nordic Gambling), Sissel Weitzhandler (Group Compliance Manager), Gustaf Hoffstedt (General Secretary at the Swedish Trade Association for Online Gambling), Tal Itzhak Ron (Chairman & CEO at Tal Ron, Drihem & Co., Law Firm), Dr. Joerg Hofmann (Partner, MELCHERS LAW), Pieter Remmers (CEO, Assissa), Dr. Simon Planzer (Partner at PLANZER LAW, Zurich), and many more.

MARE BALTICUM 2 will once again bring together the leading companies in the Baltic and Scandinavian region for a full day of quality learning and networking with local regulators and industry experts.

You can register here!

Browse the official event website here: www.marebalticumgaming.com

You can view the photo gallery from the inaugural event on the following this link.

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