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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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CEEGC 2018

Insights of the Hungarian gambling industry with Gábor Helembai (Bird&Bird) at CEEGC2018 Budapest

Zoltan Tundik

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Budapest – 17 July 2018 – The online gambling industry in Central Europe is the subject of many restrictions. This is the situation especially when it comes to regulation the market and creating a fair licensing law.

For years operators have been struggling to enter the market, but not many have succeeded as under Hungary’s gambling regulations, only operators of land-based casinos across the country are able to obtain licenses from local regulators to provide online casino games. CJEU ruled against Hungary this year that the particular provision in the country’s gambling law represents a “radical restriction” of EU treaties for the free movement of services across Member States.

If we take a look on the service provider side, it hasn’t been subject of such restrictions. Earlier this year, Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announced that it has successfully launched an online sports betting channel for Szerencsejáték Zrt., the largest gaming service provider in Hungary. Szerencsejáték Zrt. is fully owned by the Hungarian State, has the exclusive right to sell sport games as well as instant and draw-based lottery games.

If we take a look at the land based industry, things are also positive. Just recently, EGT has launched its T-Line touch table live roulette multiplayer in Hungary. This is the first time this model is installed in the country.

There are some rumors floating in the local media that 2018-2019 might be the season when a new online gambling related legislation is drafted which might reshape the industry in the region.

The Hungarian industry update will be part of the “Focus on Central Europe – Slovakia, Czech Republic, Hungary, Poland” panel discussion and will be presented by local industry expert Gábor Helembai.

About Gábor

Gábor is an experienced specialist in corporate, commercial and real estate matters, and has an in-depth understanding of the gambling sector

As a Senior Associate in the Corporate and Commercial teams at Bird & Bird Budapest, Gábor advises on both domestic and cross-border transactions and investments in various industries.

Gábor provides regulatory advice and support to clients with (international) restructuring, insolvency and winding-up cases. He also assists clients (including foreign corporations, the Hungarian businesses of multinational companies and medium to large Hungarian companies) on general corporate housekeeping matters, and provides legal assistance to the operation of business associations’ different commercial and real estate matters.

He has a special sector focus on gaming/betting, advising major online and land-based operators, and slot machine manufacturers on regulatory matters. Gábor has represented clients in negotiating a concession agreement with the Hungarian State, assisted different clients from non-gaming industries in their gaming related matters (e.g. promotional games), and supported clients in transaction matters in the gaming sector.

Gábor regularly speaks in prominent international gambling conferences and his articles and opinions can often be found in well-known gambling journals and/or websites.

He graduated from the Faculty of Law at Károli Gáspár Protestant University and completed post graduate coursework at Eötvös Loránd University. Gábor is a member of the Budapest Bar.

You can browse the full agenda and already confirmed speaker list on the following link.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gather C-level executives yearly in one of Europe’s most visited city.

Quotes about CEEGC Budapest from attending delegates

Rafal Nowak – iGaming Sales Director at Mobiyo

“A week after the Budapest Gaming CEE conferences, I’m still discussing the topics brought up there with fellow delegates. Thank you Zoltan Tundik for organizing an informative an well shaped event on this, often underestimated iGaming territory and good luck with the next one!”

Roy Pedersen – CEO & Chief Editor at All In Translations

“For All-in Translations’ 10 Year Anniversary Tour we decided to attend more smaller conferences. Zoltan and Betty are much of the reason for this. They have a unique way of giving a personal touch to the events they organise while at the same time keeping them highly relevant. CEEGC Budapest was another great example where we felt truly welcome, and at the same time it was great for business.”

 

Register here!

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CEEGC 2018

IMGL MasterClass™ – US Market – Gold Rush or Opposite for European Operations – panel discussion at CEEGC2018

Zoltan Tundik

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Budapest – 9 July 2018 There is, without any doubt, a large dumping of news and articles that focus on the US gambling market and the possibilities it might offer.

All these news have been circling around the industry and even mainstream media starting from May, when sports betting has been given the go-ahead by the US Supreme Court.

With the legalization of sports betting, many European companies are feeling a “gold rush” and hope to take advantage of one the biggest markets on the planet.

We are seeing and reading daily news about a large number of partnerships between European and US companies. Large European operators that already had a presence in the US market are already lining up for their comeback and relaunching old collaboration. Other operators and software providers are juggling events and focusing on how to enter and market their brand on US soil.

The opportunity for some is bigger than any other previous market opening and the figures are shown daily about the potential market size which are certainly impressive.

However, is this going to be a success story for European operations that have not really even been compliant with the currently in force regulations in European countries? There is no denying the fact that some of the operations haven’t even taken steps to learn more about how to be compliant in regulated European markets and are now looking to fulfill the “American Dream”.

The third edition of Central and Eastern European Gaming Conference will feature a special IMGL MasterClass™ which will focus on delivering vital information about the.

The panel discussion is titled “US Market – Gold Rush or Opposite for European Operations” and will feature industry experts from Europe and USA.

You can browse the full agenda and already confirmed speaker list on the following link.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gather C-level executives yearly in one of Europe’s most visited city.

Quotes about CEEGC Budapest from attending delegates

Rafal Nowak – iGaming Sales Director at Mobiyo

“A week after the Budapest Gaming CEE conferences, I’m still discussing the topics brought up there with fellow delegates. Thank you Zoltan Tundik for organizing an informative an well shaped event on this, often underestimated iGaming territory and good luck with the next one!”

Roy Pedersen – CEO & Chief Editor at All In Translations

“For All-in Translations’ 10 Year Anniversary Tour we decided to attend more smaller conferences. Zoltan and Betty are much of the reason for this. They have a unique way of giving a personal touch to the events they organise while at the same time keeping them highly relevant. CEEGC Budapest was another great example where we felt truly welcome, and at the same time it was great for business.”

Register here!

 

About the IMGL MasterClass™

The IMGL Masterclass is a conference format offered by the IMGL at international gaming events, including trade shows and conferences organized by others. IMGL provides the content and the expertise of our esteemed members and invited panelists – who share their knowledge with participants of the conference, network with each other, and enter into discussions on how to shape the future of gaming law on an international scale.

The IMGL Masterclass panelists include gaming experts — regulators, attorneys, industry executives, and educators — providing guidance regarding evolving issues in the gaming industry that are of interest to legislators, regulators, and others in the industry. Effectively, the IMGL Masterclass provides a platform beyond the yearly IMGL conferences for bringing together leading experts in the industry, legal advisers, and regulators in our global network.

IMGL Masterclasses stand for high-level discussions and interchange among experts. They strive to present only the best quality speakers and moderators — and the most up-to-date and relevant content in the IMGL Masterclass panels.

More details about IMGL can be found on the following website: https://www.imgl.org/

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CEEGC 2018

Plan your autumn calendar with European Gaming Events

Zoltan Tundik

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Make sure that two of the most prestigious gaming conferences are in your calendar for the September – October period! 

Key facts: 23 European Market Updates, +60 Speakers, +200 C-Level Delegates, 20 Awards Categories, 2 IMGL MasterClassess, Innovation Talks featuring use of AI and Blockchain, Responsible Gambling, AML

Who should attend: gaming operators, regulators and government authorities, software and solution providers, payment solution providers, game developers, law firm and legal consultants

This autumn we are bringing an unparalleled series of networking, business and learning opportunities which are extending through 2 unique events in Europe.

Whenever if you are looking to win an award out of the 20 categories at the CEEG Awards Budapest or interested to learn more about the business possibilities of expansion and doing business in 23 European countries, not to mention diving into the potential opportunities the US market has to offer, you must attend our events in Budapest and Ljubljana.

Not to mention the fact that we will be hosting you at some of the most luxurious conference halls and hotels in Europe.

Check out the overview of the location for this year CEEGC Budapest, which will take place at the Ritz-Carlton on the 25th of September.

A domed ceiling and large chandelier loom over a spacious lounge and dining area – Photo credits: Ritz-Carlton

Brimming in culture, history and breathtaking architecture, Budapest embodies the European ideal. Set within its city center, this luxury hotel offers a palatial retreat moments from iconic landmarks and the River Danube; a place where guests can indulge in modern luxuries amid a space that blends traditional elegance with bold, contemporary design.

If this doesn’t impress you, then you also need to read the overview of the venue where the inaugural edition of European Gaming Congress (EGC) will be held. The first edition of the yearly European gaming event is taking place on the 16th of October at Grand Union Hotel Ljubljana this year and you will surprised to see the list of VIPs that have stayed at the venue.

View from room at Grand Hotel Ljubljana – Photo credits: union-hotels.eu

The Grand Hotel Union held its grand opening in 1905. It was the first modern hotel in Ljubljana and at the time the highest building, built in Art Nouveau style. It was designed by architect Josip Vancaš and built by Viljem Treo. In over a century of its existence, the Grand hotel Union was an important co-creator of the political and social life in the capital and in the wider Ljubljana region. In its rich history the hotel witnessed many important events and hosted many famous people – actor and director Orson Welles in 1979, the American president Bill Clinton and his wife in 1999, the spiritual leader of Tibet Dalai Lama in 2002 and the British Queen Elizabeth and her husband in 2008.

If these two venue location don’t impress you, then you will surely be impressed by the content of panel discussion which will be presented by over 60 speakers for +200 delegates.

Please find below the key links for your gateway to a unique autumn conference session.

Key links for CEEGC Budapest (25 September – The Ritz-Carlton):


Key links for European Gaming Congress (16 October – Ljubljana):

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