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Portuguese Gambling Market Update, presented by Eduardo Morales-Hermo at European Gaming Congress (EGC) 2018

Zoltan Tundik

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Ljubljana – 11 July 2018 – Portugal is famous for many things, it is the birthplace of Cristiano Ronaldo, has great wine and a rich history. Being a medium-small size market with an estimate population of 10 million people, the gambling industry has always been a quality driver of Gross Gaming Revenue (GGR).

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The GGR in Portugal is around 110 million Euros and the markets has interesting areas that is important to be discussed, as to what not to do in a regulatory framework regarding taxation.

Online gaming and betting generated €122.5 million in 2017 from 800,000 registered players on sites in Portugal. The information was revealed in February this year by the Gaming Regulation and Inspection Service.

The “Online gaming activity in Portugal” report for the last quarter of 2017 also showed that 17,600 players had self-excluded themselves from gambling, 4,600 more than in the third quarter of the year.

At the end of last year, 61.3 percent of gamblers were aged between 35 and 44, followed by 25 to 34-year-olds (39.3 percent) and 18 to 24-year-olds (27.8 percent).

More than half of the gamblers live in or around Porto (22 percent), Lisbon (19.5 percent) and Braga (9.7 percent).

The tax regime imposed by Portugal’s three-year-old gambling law seems to be a hindrance for new gambling companies. As per the law, remote gambling operators need to get a license from the country’s gambling regulator Serviço de Regulação e Inspeção de Jogos (SRIJ).

During the inaugural edition of European Gaming Congress, gaming expert Eduardo Morales-Hermo, will share the latest insights he has about the market and experiences he encountered while working with the Portuguese and Spanish market regulations.

About Eduardo

A businessman with 45 years of experience, having worked as executive in corporation management, product development and, for the last ten years, as advisor and consultant in the gaming industry, both in-person and via interactive channels.

He graduated in MANAGEMENT STUDIES; Marketing and organization behavior; Quantitative Methods and Operations Management; Economics and Finance, by Emmanuel College (University of Cambridge); MBA/JD JOIN PROGRAM DEGREE (LMBA) by the University of Maryland, USA; New Technologies applied to Gaming and Entertainment; by the UNLV University of Nevada, Las Vegas, USA.

Eduardo has more than 15-year experience in online gaming, strategy planning, product and business development, implementation and restructuration of gaming corporations; regulations making for in-person and online gaming via interactive channels.

He was CEO, General Director and stockholder of gaming corporations in several European countries, and currently he works as advisor and consultant at Intelligent Gaming Company, and has participated in more than 30 projects.

Make sure you register your seat in time to benefit of the great lineup of speakers that will share their knowledge for operators and industry connected companies about France, Spain, Italy, Malta, Portugal, Slovenia, Austria, Croatia, Serbia, Montenegro, Greece, Bosnia and Herzegovina, Liechtenstein, Monaco, Netherlands and Belgium.

The inaugural edition of European Gaming Congress which will be held on the 16th of October at the Grand Union Hotel in Ljubljana will also focus on shedding light upon the industry and its main topics.

The European Gaming Congress (EGC) is expected to bring together industry expert from all over Europe and create a platform which will enable both networking and learning at the highest quality.

You can view the full agenda on the following link.

Full detail about the event can be found on the official website of the event: https://europeangamingcongress.com/

Make sure you grab your seat as the seats are limited to 100 registrants!

 

Register here!

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Baltics

Ieva Andersone (Sorainen Latvia) will add her insights about the Latvian gambling industry at MARE BALTICUM Gaming Summit 2019

Zoltan Tundik

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The online and land-based gambling industry is well connected in the Baltics and it has been just lately that region has been quoted in several industry media outlets. Especially given the fact that the City Council of Riga, Latvia’s capital, is going to close down all gaming venues in the city, including the downtown and neighborhoods.

A decree had been ordered by Nils Usakovs from the municipality’s Legal Affairs Department and Urban Development Department and the plan is to revoke all gaming venues’ licenses in Riga, except for those given to four- and five-star hotels.

According to the Law on Gambling in Latvia, if the operation of gambling on the particular premises creates a substantial impairment to the interests of the State and the residents of the respective administrative area, the city or the local government council is entitled to terminate the permit to establish a casino, a gambling hall, a bingo hall, a betting or a wagering shop and to operate the respective type of gambling on the particular premises, by means of a reasoned decision.

During the second edition of MARE BALTICUM Gaming Summit, which will take place on the 9th of May at Radisson Blu Royal Astorija Hotel, experts of the industry and regulators will debate the recent actions and will also brief the attending delegates about the regulations in Latvia, Lithuania, Estonia, Sweden, Denmark and the DACH region.

Register here or View the Agenda!

Ieva Andersone, Commercial & Regulatory Practice Group partner at Sorainen Latvia, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion, which is consisted by 2 regulators (Signe Birne – Lotteries and Gambling Supervisory Inspection of the Republic of Latvia, Taivo Põrk – Ministry of Finance, Estonia) and industry representatives from the region.

About Ieva Andersone

Ieva Andersone is a partner at Sorainen, responsible for Commercial & Regulatory practice group in Latvia, including trade regulation, intellectual property & IT law, privacy and data protection, consumer law, competition law, and energy. During her practice, Ieva has made a special focus to clients from Pharmaceutical & Life sciences, and well as Technology & Media sectors, including the gaming industry.

Ieva is a frequent speaker on data protection, privacy, regulatory and compliance matters, and she also regularly provides pro bono assistance for companies in creative industries and for creative personalities.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here or View the Agenda!

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Baltics

Viktorija Antanaviciute (TonyBet) joins the speakers’ list at MARE BALTICUM Gaming Summit 2019

Zoltan Tundik

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MARE BALTICUM Gaming Summit is the leading conference of the Baltic and Scandinavian gambling industry and each year gathers the local operators, government officials and software provider for a full day of quality learning and networking.

We are honored to announce that Viktorija Antanaviciute, Managing Director at TonyBet, will join the “Focus on the Latvian and Estonian gambling industry” compliance panel discussion, alongside Signe Birne (Lotteries and Gambling Supervisory Inspection of the Republic of Latvia), Taivo Põrk (Ministry of Finance, Estonia) and Ieva Andersone (Commercial & Regulatory Practice Group partner at Sorainen). The panel will be moderated by the Ambassador of the conference, Andrius Gabnys (Founder at Gabnys Law Firm).

About Viktorija Antanaviciute

Viktorija Antanaviciute is an experienced and passionate C-level executive with marketing, sales and finance experience running successful large scale B2B & B2C projects for leading names in the industry, including PokerStars, 888Holdings, Kindred, GVC, WSOP and many more.

Viktorija, who hails from financial and gaming technology-driven country Lithuania in the Baltics, has started her journey in the Finance department at iBus Media Ltd, owner of Pokernews and introduced best-in-class BI practices, which resulted over 15% of costs savings for the group. Under her supervision, the Sales and Commercial teams increased key clients’ revenue by 65% and signed new deals with 200+ operators. She has also restructured Online Affiliate World Network, increasing operating revenues by 500% in a year.

In 2017 Viktorija moved on to TonyBet as Managing Director, focusing on geographical expansion and brand awareness across the industry, while offering her ongoing support and expertise to both her team, clients and suppliers and fellow women in the industry. She has been nominated as an influential woman in the industry in multiple awards.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here or View the Agenda!

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Baltics

SBTech announced as Lanyards Sponsor of MARE BALTICUM Gaming Summit 2

Zoltan Tundik

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SBTech announced as Lanyards Sponsor of MARE BALTICUM Gaming Summit 2 – The Baltic and Scandinavian Gaming Summit & Awards

We are honored to announce that in 2019, we will have the support of leading sports betting software provider, SBTech as the Official Lanyards Sponsor at MARE BALTICUM Gaming Summit.

The Summit is held in on a yearly basis and it is a “must-attend” event in the region, gathering industry stakeholders from the Baltic and Scandinavian region, but also internationally.

MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit & Awards 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 Lithuania, Latvia, Estonia, Sweden, Denmark, and also from the DACH region.

The Summit will approach all regulatory and compliance related aspects of the mentioned markets and will also highlight some trending topics such as the importance of a good Customer Relationship Management, Outsourcing, use of Big Data and AI, Safe Gambling, AML, KYC and will also include a special future gaming industry related panel discussion, and an exclusive IMGL MasterClass about the Nordics.

As mentioned above, SBTech, the award-winning global leader in omni-channel sports betting and gaming technology which powers the world’s largest operators, state lotteries, land-based casinos, and horse racing companies is going to be the Lanyards Sponsor of the conference.

Founded in 2007, and with more than 1,100 employees in nine global offices, SBTech has developed the industry’s most powerful, innovative, data-driven online sports betting and casino platform, serving licensees in more than 20 regulated markets.

The group supplies highly flexible and scalable omni-channel betting and gaming software solutions to clients looking for exceptional configurability, differentiation, and the quickest route to market, complemented by proven business intelligence and reporting capabilities.

Supported by unrivaled expertise in trading and risk management, acquisition and CRM, and the highest standards of regulatory compliance, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty and record revenues.

For more information, visit: www.sbtech.com

 Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the Baltic and Scandinavian region via the MARE BALTICUM Gaming platform which has been launched in 2018 and is committed to bringing together industry shareholders and government officials from the Baltic and Scandinavian region on a yearly base.

Register here!

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

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