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Red Rake bolsters its presence in Russia and introduce their games in Ukraine with Fonbet

George Miller

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Red Rake bolsters its presence in Russia and introduce their games in Ukraine with Fonbet
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Premium casino content developer, Red Rake Gaming, has signed a landmark partnership agreement with industry veterans, Fonbet, who have been operating in the CIS region for over 20 years and continues to maintain an impeccable reputation.

Red Rake Gaming has seen a very high demand for its action packed slots in the region, and are delighted to further bolster its presence through its newest partner.

All the top performing titles are included in this collaboration, which includes Red Rake Gaming’s latest releases such as, The Travels of Marco, Knights, and Tiger & Dragon. Included in the agreement is the highest grossing game release this year, Super12Stars, which combines various features from the Super series of games to make a non-stop action packed game which is ensures players remain engaged within the game.

Red Rake Gaming are constantly pushing the boundaries when it comes to game development, and have produced an exciting blend of exclusive content that takes into account market trends, demographics, mathematics, player personality as well as operator analysis. Red Rake Gaming continues to offer an engaging and interactive slots experience that is perfect for the smart phone generation.

Nick Barr, Managing Director for Red Rake’s Malta operations, commented on this partnership, saying: “We are delighted on our most recent partnership with Fonbet and we are looking forward towards a long lasting and fruitful collaboration. We have seen a high demand for our content in the CIS region and partnering with one of the most establish operators in the region is very reassuring we are delivering what players want.”
Fonbet commented: “We are excited to offer red rake’s excellent content to our platform. Without a doubt, red rake’s content will prove to be very popular with our players”.

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Eastern Europe

Ukraine’s UPEA Unveils Five-year Strategy for Esports Development

Niji Narayan

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Ukraine’s UPEA Unveils Five-year Strategy for Esports Development
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The Ukrainian Professional Esports Association (UPEA) has introduced its strategy of esports development in Ukraine for the next five years, as well as its structure and key objectives.

UPEA intends to raise funds, develop streaming studios, open an “esports ready” hotel, increase the number of international tournaments, attract investments, and more.

The Association plans to attract $100 million of investments, $42 million of which has already been made towards the purchase and development of the first “esports ready” hotel on the infrastructure base of the Dnipro Hotel. Another $20 million is planned to be invested into its reconstruction, according to a release.

“We want Ukraine to be among the world leaders, and today we have all chances to enter the TOP-5 countries with the most developed esports ecosystem,” Oleksandr Kokhanovskyy, Board Chairman for UPEA and Founder of Natus Vincere, said.

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Eastern Europe

Covid-19 Sets Back Romanian Gambling Industry by Five Years

Niji Narayan

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Covid-19 Sets Back Romanian Gambling Industry by Five Years
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Covid-19 pandemic has set back the Romanian gambling industry by five years, according to the data from the National Institute of Statistics (INS).

The Romanian gambling operators experienced one of the most severe declines of the last 30 years between March and May this year. The local gambling and entertainment industry fell by about 24% in March 2020 compared to the same period of 2015. The gambling sector’s March turnover was only 57 % of February’s. Then, in April and May, gambling businesses reported almost zero revenue.

“Given the situation, we made the necessary business continuity decisions and decided that the safety of our customers and employees was our main priority. We focused on the long-term business principles and we organized our activity so that we would be able to adapt as quickly as possible to the multitude of changes that occurred during this period. For example, over the past three months we went from ‘closed until further notice’ to being open round the clock and then back to limited opening hours (until 11 PM, later extended to midnight), and we hope to be able to return to our non-stop hours as soon as possible. During all this time, we’ve been focusing on communicating with our clients and employees, for whom we’ve taken extra health and safety measures. Maintaining communication with professional associations and the authorities for accurate information on the latest developments concerning gambling halls was equally important,” Attila “Otto” Török, strategy director at Game World Romania, said.

According to the latest data provided by the National Gambling Office (ONJN), 250 gambling operators are currently active on the Romanian market. They contribute about EUR 600 million to the state budget every year. At the beginning of 2020, there were about 45,000 direct employees of the local gambling industry and a few other thousand worked in related and dependent fields.

“According to Romslot data, for each RON the Romanian gambling industry generates, the upstream and downstream industries – HoReCa, IT&C, security – generate another 5 RON,” Török said.

He added that Game World currently has about 400 employees, while the parent group has a workforce of about 2000.

When talking about the biggest challenges the gambling industry is now facing, Török says these are related to the coronavirus pandemic and the health crisis, even though all operators have strictly implemented all the measures required by authorities to limit the spread of the virus.

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Eastern Europe

Domestic and International Operators Interested in Gambling Market of Ukraine

Niji Narayan

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Domestic and International Operators Interested in Gambling Market of Ukraine
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According to Oleg Nemchinov, the Minister of the Cabinet of Ministers, the Finance Ministry has already received several formal and informal requests regarding the regulation of gambling from gambling networks, bookmakers and lottery operators. The gambling commission has not been created yet and officials expect even more interest when the regulator is formed and starts issuing licenses.

The Minister has also commented that legalisation will force illegal gambling to follow the rules.

“I believe that the legalization of the gambling business will bring all these establishments out of the shadows or simply force illegal activities to close. The Commission is called upon to prevent pseudo-lottery, pseudo-games, pseudo-automatic, only a verified software product, only licensed institutions, only people who officially work,” Oleg Nemchinov said.

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