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Belarus to formulate new rules for gambling

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Belarus to formulate new rules for gamblingReading Time: 2 minutes

Belarus is all geared up to formulate a new legal framework for gambling and online casinos in the country. Belarusian Tax and Duties Ministry has already formulated a draft decree. It is awaiting the Parliament’s approval.

The head of the Ministry Sergey Nalivaiko said that the draft document would provide for an increase in the age limits for visiting gambling establishments from 18 to 21 years. Visitors of casinos, including online ones, will be prohibited from borrowing other visitors, as well as gamblers, money (including electronic) or their equivalent (chips, tokens, etc.) for gambling.

Also, the document provides for the legalisation of online gaming in the Republic of Belarus.

It creates the possibility of recognising on a contractual basis the results of tests and examinations of models of slot machines, as well as virtual gambling establishments conducted by foreign authorised bodies (organisations).

It is planned to take additional measures aimed at improving the conditions for gambling operators. In particular, administrative procedure for registering taxable items (like gambling machines, gaming tables, cash desks of bookmaker’s offices) is planned to be cancelled. Accounting of this equipment will be made through connections to a special computer cash system (CCS), allowing to pay tax on gambling in a fixed amount, based on the actual connection of gaming equipment to the CSK, which provides control over the turnover in the field of gambling.

For those operators who use the gaming equipment for less than 15 calendar days in the tax period, it is proposed to reduce the fixed rate of tax on gambling by 50 per cent. As a rule, these are new gambling operators, organisers of poker tournaments, or those who modernise the gaming equipment or repair it.

For totes and bookmakers, which operate online, there will be a transitional period – two years from the date of entry into force of the provisions of the draft decree. During this period they will be able to carry out activities on the basis of a special permit (license) issued prior to the entry into force of the decree and thereby adapt to the new requirements for online operators set by the decree. It is proposed to introduce obligatory expertise and certification of the information security of online gambling.

“At this stage, considering the planned legalisation of online gambling and additional investments needed to organise a new type of activity in the gambling business, the Ministry of Taxes and Duties does not plan any changes in the taxation policy of this activity,” – Sergey Nalyvayko specified.

Thus, fixed rates for gambling tax are planned to be maintained for the next three years without changes, at the level of tax rates established for 2018.

 

Source: belta.by


Source: Latest News on European Gaming Media Network

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Viva Las Vegas, the new video slot by Red Rake Gaming!

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Viva Las Vegas, the new video slot by Red Rake Gaming!Reading Time: 1 minute

 

The game developer based in Valencia (Spain) has launched a new 5×4 reel video slot where music, fun and entertainment are the real stars of the show.

With this new launch, Red Rake Gaming aims to give players the genuine Las Vegas atmosphere. Lively music that just makes you want to sit down, play and enjoy. An attractive design and a seemingly endless string of incredible prizes make for maximum gameplay enjoyment.

This new video slot adds an original bonus feature with its heart gauge sidebar where players will receive free spins when achieving 4 or more straight respins, as well as having the opportunity to multiply their prizes.

During the Free Spins Bonus feature, the featured “Viva Las Vegas” symbols – inspired by the legendary sign welcoming visitors to the city – will operate as Wilds, offering even more prizes in turn.

Come, enjoy and remember… Anything can happen in VIVA LAS VEGAS!


Source: Latest News on European Gaming Media Network

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BetConstruct brings its latest enhancements to G2E Vegas

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BetConstruct brings its latest enhancements to G2E VegasReading Time: 2 minutes

 

BetConstruct travels to the byword of gambling and entertainment, Las Vegas, to impress all the top figures and decision makers of the industry in the US with its market-leading products.
As the doors open up for online sports wagering in the United States, BetConstruct joins G2E Vegas, a critical event for all companies in the igaming industry. This year at Stand 4818 we are proud to show an even wider line-up of our products which have not been featured in the US in the past.

“The key for BetConstruct at G2E is to show the immense capabilities of our products and our team and to show our commitment to the US market,” comments Jonathan Aiwazian, BetConstruct Regional Director in the US. “We are looking to make big moves in the US market for the rest of 2018 and into 2019, and the plan is to use G2E to ignite some of these plans. With all the leaders in the industry in one place, we will look to exchange ideas and strengthen our path forward.”

Due to the recent changes in the US legal landscape and the intense demand by land-based casinos to get their hands on sportsbook technology, Sportsbook is in the center of the attention. BetConstruct being a veteran in the European sports betting market, will eagerly show off its new American view of Sportsbook tailor specifically for the market.

With our huge library of live match betting choices, we are looking to educate the US market on the excitement of in-game betting, which has become so popular outside the country.

Live Casino have also shown to be quite popular in the states. We look forward to display our Live Studio solution featuring real-life croupier as it presents an amazing opportunity to unearth new players and new revenues. So does our Fantasy Sports software which met a huge appeal during World Cup 2018 enhanced with Tournaments mode and redesigned interface.

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Source: Latest News on European Gaming Media Network

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iSoftBet partners up with Betsoft

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iSoftBet continues to position itself as a market-leading casino content provider with another major games developer integration.

The company’s Game Aggregation Platform (GAP), which already boasts over 2,000 titles from 35+ providers, will now see the likes of Stampede, Legend of the Nile, SugarPop! and recently launched Dragon Kings added to its offering following the integration of the complete suite of Betsoft games.

The integration means operators on GAP can access even more blockbuster content across desktop and mobile, and distribute a wider portfolio content among their players in regulated markets such as Romania and Italy.

Michael Probert, Chief Commercial Officer at iSoftBet, said: “As we continue to strive to build a large, high quality network of games provider partners, it was imperative that a deal be struck between iSoftBet and BetSsoft.

“Our operators in Italy and Romania particularly have been awaiting this partnership and we’re excited to be able to provide them with the Betsoft suite of games via GAP.”

Annamaria Anastasi, Marketing Director at Betsoft, said: “This is an exciting development for all concerned. We are delighted to be delivering our games to operators via iSoftBet’s Game Aggregation Platform.

“This opens up new doors for Betsoft as we continue to expand into new markets around the world. With our newly acquired Romanian license and continuous growth in Italy, this partnership made perfect sense.”

Alongside its popular Game Aggregation Platform, iSoftBet has built a formidable reputation for designing and developing some of the most popular original and branded slots and table games in the market.

The supplier’s latest release, Hot Spin, has been a major success with operators and players alike and is available for all key regulated markets including the U.K., Portugal, Romania, Denmark and Lithuania.


Source: Latest News on European Gaming Media Network

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