Connect with us

Latest News

R. Franco’s IRIS platform is “perfect match” for digital development in Africa

Published

on

R. Franco's IRIS platform is "perfect match" for digital development in AfricaReading Time: 2 minutes

 

R. Franco Digital, the leading provider of global gaming solutions for online and retail operations, has heralded the first edition of ICE Africa (Sandton Convention Centre on 24-25 October 2018) as a “huge opportunity” for the company as it prepares to expand its online betting platform, IRIS, across the continent.  The Spanish-based company’s decision to exhibit its omnichannel platform, land-based terminals and extensive library of video-poker, reel, AWP, video-bingo, roulette, casino and mini-games at the upcoming ICE Africa brings the number of exhibitors to 91, strengthening the event’s growing reputation with all those interested in developing the African gaming industry in a strategic and sustainable manner.

Discussing their decision to back the inaugural edition of ICE Africa, Mario Benito, Head of Sales at R. Franco Digital, said: “Africa is a huge opportunity for us, providers of technological solutions with extensive experience in emerging markets helping operators who wish to turn their land-based operations into online or mixed operations.  We can contribute to the successful development of these operations, just as we have already done in countries like Spain and Colombia, tailoring technological developments to the requirements of each jurisdiction.”

He continued: “ICE Africa is an opportunity to better understand the African market and to be able to show our products and services to potential partners interested in implementing solutions hand-in-hand with an experienced company such as ours.  We believe in direct relationships and we want acquire on-the-spot knowledge of all the relevant players in the African continent.”

ICE Africa will see R. Franco Digital showcasing its IRIS platform, which the company believes will be an essential component of any online betting or gaming operation in the region.  Benito explained: “We believe that IRIS can be the perfect match to promote the development of different types of businesses in Africa, either via online gaming web pages, casinos, sports betting, arcades or betting terminals.  It combines in one sole platform all an operator needs, because it is designed to consolidate monetary activities and to allow the business to run and grow.  As it is modular and scalable, it can be tailored to small, medium-sized or large operations and may be used to manage online, land-based or mixed operations.”

R. Franco Digital will also be exhibiting its catalogue of games, alongside the IRIS Power Vault service and the RF OnMix touch-screen multi-game terminal, to the entire African market as part of both the country and the company’s ongoing expansion.  “In general, the whole African market will expand online operations, although we are attending this show focusing particularly on South Africa, Kenya, Nigeria and Ethiopia,” Benito continued.  “ICE Africa will help us roll our products out and establish relationships with relevant actors interested in meeting a sound partner with more than 50 years’ experience in gaming.  We put all our resources, human and financial, at the service of our future partners to jointly enjoy the success we already have in the gaming and leisure market.”

He concluded: “We are sure that Africa is one of the world regions where the gaming industry will grow the most in the next few years.  It seems a wise decision that Clarion bet on Africa and we look forward to ongoing business ventures at ICE Africa and then again in London in February.”

To register for the first ICE Africa and the learning, training and networking opportunities it offers, visit: www.iceafrica.za.com


Source: Latest News on European Gaming Media Network

Latest News

PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

Published

on

PAGCOR Press Statement on Quezon City's insistence to impose casino entry feesReading Time: 2 minutes

 

As Quezon City Vice Mayor Joy Belmonte continues to insist on the imposition of entrance fees to Quezon City residents who wish to play in casinos and other gambling facility in the area, the Philippine Amusement and Gaming Corporation (PAGCOR) underscores several cases and provisions that cite the supremacy of national government over local government units.

First, in “Basco vs. PAGCOR (1991)”, wherein the City of Manila filed a case seeking to annul the PAGCOR charter, the court ruled that Presidential Decree (P.D.) 1869 waived the right of the city to impose taxes and fees. The court decision cited that the power of the local government to impose taxes and fees “is always subject to limitations which Congress may provide by law.”

It furthered that P.D. 1869 remains an operative law, until amended or repealed.

Another case, “City of Cagayan de Oro vs. Pryce and PAGCOR (1994)”, cited that ordinances should not contravene a statute that is obvious. It stated that “municipal governments are only agents of the national government; and local councils exercise only delegated legislative powers from Congress as the national law-making body.” Hence, local government units cannot be superior to Congress from which they derive their powers.

The third case, “Herbert Bautista vs. PAGCOR (2016)”, cited that under its Charter, PAGCOR and its agents are exempted from paying local taxes as P.D. 1869 Section 13 provides that “no tax of any kind or form, income or otherwise, as well as fees, charges or levies of whatever nature, whether national or local, shall be assessed and collected under this Franchise from the Corporation nor shall any form of tax or charge attach in any way to the earnings of the Corporation, except a franchise tax of five percent of the gross revenue or earnings derived by the Corporation from its operation under this franchise.”

The entry fees on the city residents who will enter the casino which the Quezon City local government is contemplating on imposing, takes the form of “tax” because of its nature to generate revenues.

However, if the purpose of the imposition of entry fees is to discourage citizens to frequent gaming facilities, such practice is an obvious exercise of police power, and in fact, an encroachment on the function of a national regulatory entity.

PAGCOR, having been granted by Congress with the power to regulate gambling, has the authority to determine the rules and regulations that may deem fit in the regulation of the gaming industry.

If PAGCOR does not find it necessary to impose entrance fees to its clients, then Quezon City’s local government cannot supersede this even if it claims that the imposition of entry fees is only applicable to their constituents.

Besides, if the local government of Quezon City believes that doing such is tantamount only to “safeguarding the welfare of their people”, why did it grant so many Letters of No Objection (LONOs) and Resolutions of No Objection (RONOs) to bingo and other electronic gaming sites in Quezon City?

As of February 28, 2019, there are 97 electronic gaming sites in Quezon City. Of this number, 63 are bingo sites and 34 are eGames gaming sites. This figure does not include the LONO and RONO granted by Quezon City government to Solaire Resort and Casino.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

Continue Reading

Latest News

Blackstone to acquire Ukrainian gaming development company

Published

on

Blackstone to acquire Ukrainian gaming development companyReading Time: 1 minute

 

The Blackstone Group LP, a US-based investment and asset management company, is all set to acquire Murka Ltd and Murka Entertainment Ltd, an Unranian company that develops unique social and mobile games. The Blackstone Group has already informed Cypriot Commission for the Protection of Competition about the plan.

Murka, established in 2011, is known for its social-casino games like Slots Journey, Slots Journey 2, TX Poker, S & H Casino, Vegas Slots, Royal Fortune Slots, Bubbla Cadabra and Scatter Slots.

These games, where real money cannot be won, exist as mobile apps and on Facebook. Publisher of social casino games earns money via selling in-game content and/or advertising. According to various data, the global social casino market in 2018 brought publishers from $ 3.2 billion in total to $ 3.46 billion on mobile platforms.

Currently, over 100 people work in the Kiev, Dnipro and Lviv offices of Murka. The company has not commented the conditions of the upcoming transaction yet.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Blackstone to acquire Ukrainian gaming development company

Continue Reading

Latest News

Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

Published

on

Philadelphia developer Bart Blatstein to re-open casino at Atlantic City siteReading Time: 1 minute

 

Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City that was closed in 2014. Blatsetein owns the Showboat which has been functioning for three years as a non-gambling hotel.

When this happens, this will be the 10th casino at Atlantic City. In 2014, the City had 12 casinos. The competition from neighbouring states forced the closure of the four of them. The state Casino Control Commission has given Blatstein preliminary approval to apply for a casino license. He strongly believes in the potential for another casino.

“There are 104 casinos in Las Vegas in the middle of nowhere,” Blatstein said. “We have nine casinos well within a short trip from one-third of the nation’s population. The market is looking for something different.”

Blatstein said he has a casino concept in mind but would not reveal it. A report from the state Division of Gaming Enforcement says Blatstein plans to convert the property’s bus depot into a family entertainment centre and that he intends to offer a full range of slot machines, table games, sports betting, and internet gambling.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

Continue Reading
Advertisement
NSoft

Industry News

  • Live Event/Conference
  • Press Releases
  • Latest News
  • Gambling in the USA
  • European Commission

  The third edition of Prague Gaming Summit took place last week at the ‘traditional base’ of the co [...]

  It has been reported by industry media that Latvia’s parliament has decided to ban gambling halls [...]

  The second edition of MARE BALTICUM Gaming Summit – The Baltic and Scandinavian Gaming Summit and [...]

  We are slowly gearing up to the host the most important Prague Gaming Summit and here are 7 facts [...]

  The online gaming industry is changing quickly, whether we’re looking from the perspective of cons [...]

  GamblingCompliance has announced the official shortlist for the Global Regulatory Awards 2019.  NS [...]

  Swedish online betting company Betsson has signed a partnership agreement with CompetitionLabs, a [...]

  DIMOCO today announces its seal of approval from both European Lottery Association (EL) and World [...]

  Leading online bookmaker Betway has agreed a one-year deal to sponsor BLAST Pro Series. Spanning e [...]

  Zitro will showcase its newest offerings at the upcoming trade show FADJA Columbia to be held on 1 [...]

  US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages o [...]

  The UK government’s recent decision to reduce the stakes on fixed odds betting terminals (FOBTs) h [...]

  Victorian Responsible Gambling Foundation, the Australian state’s body to help problem gamblers, h [...]

  The Oregon Problem Gambling Resource (OPGR) has revamped its website to help people with gambling [...]

  The Kenyan government has announced that it is going to implement a new tax regime, especially for [...]

  Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City [...]

  New service includes the world’s largest coverage of March Madness for player props   Digital Spor [...]

  Q4 REVENUE INCREASED 11.9% YEAR-OVER-YEAR   Twin River Worldwide Holdings, Inc. reported financial [...]

  US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages o [...]

  The Oregon Problem Gambling Resource (OPGR) has revamped its website to help people with gambling [...]

  Today, the new measures to counter money laundering by criminal law enter into force across the EU [...]

Brussels, 19 June 2018 – Digital Single Market: EU negotiators reach a political agreement on free f [...]

LONDON, June 18, 2018 — Codewise, the industry’s first provider of AI-powered online ad measurement [...]

Brussels, 6 June 2018 – The European Parliament and the Council reached late last night a political [...]

Tre

%d bloggers like this: