NetShop ISP will hold the General Sponsor role during the 4th edition of CEEGC (The Central and Eastern European Gaming Conference) which will take place at The Ritz-Carlton Budapest on the 24th of September.  The conference is a unique opportunity for companies and individuals to meet some of the biggest names of the online and […]

NetShop ISP will hold the General Sponsor role during the 4th edition of CEEGC (The Central and Eastern European Gaming Conference) which will take place at The Ritz-Carlton Budapest on the 24th of September. 

The conference is a unique opportunity for companies and individuals to meet some of the biggest names of the online and land-based gambling industry from all around Europe with an emphasis on Central and Eastern Europe, North America, D-A-CH region and the Balkans.

“With so many companies lined up as sponsors for #CEEGC2019, we are honored to welcome @NetshopIsp as General Sponsor in the impressive list of supporting companies” the CEEGC announced via their official Twitter account. 

Kateryna Nechaieva, Sales & Partnerships Executive at NetShop ISP, stated: “This year’s CEEGC iGaming Conference is a milestone for NetShop ISP as it signals the Company’s global expansion worldwide, with key Data Center locations in countries with newly formed iGaming legislation framework. We are excited to Sponsor the CEEGC 2019 and looking forward to share our news with all participants!” 

With more than a decade of presence in the iGaming industry, NetShop ISP is today, one of the most preferred choices for Startups, B2C and B2B Operators, iGaming Suppliers and Payment Providers. NetShop ISP will be present at the CEEGC2019 in Budapest and will have the chance to present the igaming oriented hosting solutions to the participants of the event.

The Company has also been Nominated for the Award of the “Best iGaming Service Provider” at the CEEG Awards 2019.

In the wake of a new study presented to the EU Parliament’s Internal Market and Consumer Protection Committee, the European Gaming and Betting Association (EGBA) reiterates the necessity of a single set of online gambling rules on European policy makers.  According to the EGBA, a cross-border regulatory structure on online betting will eventually produce significant […]

In the wake of a new study presented to the EU Parliament’s Internal Market and Consumer Protection Committee, the European Gaming and Betting Association (EGBA) reiterates the necessity of a single set of online gambling rules on European policy makers. 

According to the EGBA, a cross-border regulatory structure on online betting will eventually produce significant savings and would be a significant upgrade on the current system which currently allows each national state to set its own rules. The 28 different sets of gambling policies are considerably different between them and create unnecessary national barriers. 

“Introducing a single set of rules for online betting in the EU makes perfect sense – it would improve the regulation of the sector, save significant money for both consumers and companies and help better protect consumers. That is why EGBA is calling on EU policymakers to ensure that the digital single market benefits the 12 million Europeans who bet online,” reports Maarten Haijer, secretary-general of the EGBA. 

The uniformity of European Online Gambling Laws was also discussed five years ago when the European Commission recommended greater consistency in consumer protection measures for the online gambling industry. During this five year period, their propositions have only been adopted by one EU member state.

A recent survey of the Finnish community revealed that, the majority of Finns do not trust the government in regards to gambling. A large section of the population feel that Ministers of Parliament in Finland’s government create rules and policies that only serve their self-preservation. The survey conducted by Bilendi Oy, a Finnish market research […]

A recent survey of the Finnish community revealed that, the majority of Finns do not trust the government in regards to gambling. A large section of the population feel that Ministers of Parliament in Finland’s government create rules and policies that only serve their self-preservation.

The survey conducted by Bilendi Oy, a Finnish market research firm was commissioned by Kasino Curt, an online gambling site, and one of the most interesting statements was: “Finnish MPs want gambling policies that are, first and foremost, beneficial for them.” 

From the 1,000 Finns who participated in the survey, 25.5% responded that they fully agreed with the statement and 31.8% partially agreed with it. Only 9.9% either completely or partially disagreed and 3.3% fully disagreed. The remaining responses showed that they either cannot offer an opinion or are neutral on the subject.

The survey was provided on the Kasino Curt website and it was primarily designed to give insight to the public’s sentiment toward the state-run gambling operator, Veikkaus. Another goal was to reveal if if changes in the country’s gambling scheme were needed and/or desired.

The Senior Client Service Manager for Bilendi Oy, Janne Juntunen, concludes that Finns are becoming more interested in having the Veikkaus monopoly eliminated. “The survey indicates that Finns have recently taken a stricter stance on the monopoly position of Veikkaus Ltd, the government-owned betting agency. Moreover, the idea of removing gambling machines from everyday environments is gaining increasing support across all age groups,” he explained. 

Almost half (45.3%) of the people surveyed believe that the Veikkaus monopoly will come to an end within ten years at the most.

The Malta Gaming Authority (MGA) has announced today the launch of the second phase of the Sandbox Regulatory Framework, following the implementation of the first phase of the Framework on the 1st of January 2019. During Phase 1, the possibility for authorised persons to be allowed to accept Virtual Financial Assets (VFAs) as a means […]

The Malta Gaming Authority (MGA) has announced today the launch of the second phase of the Sandbox Regulatory Framework, following the implementation of the first phase of the Framework on the 1st of January 2019. During Phase 1, the possibility for authorised persons to be allowed to accept Virtual Financial Assets (VFAs) as a means of payment was established. 

During Phase 2, the MGA will be accepting applications for the use of Innovative Technology Arrangements (ITAs), including Distributed Ledger Technology (DLT) platforms and smart contracts. The duration of the Sandbox Regulatory Framework will be until the 31st of December 2021. 

In order to reflect the developments that have taken place, the Guidance on the use of Innovative Technology Arrangements and the acceptance of Virtual Financial Assets and Virtual Tokens through the implementation of a Sandbox Environment has been amended. 

This means that the Licensee Relationship Management System (LRMS) has been updated to the effect that both prospective and existing licence holders are now able to apply for the MGA’s approval in order to integrate ITAs within their operation.

The approval to participate in the Sandbox Regulatory Framework is conditional on the applicant holding the relevant licence issued by the MGA. 

iGaming operator ComeOn has confirmed that it has withdrawn all active brands from the UK online gambling marketplace and will now focus on more “favourable markets”. ComeOn Chief Executive Lahcene Merzoug has updated stakeholders that the flagship ComeOn.com domain and subsidiaries MobileBet.com and GetLucky.com will withdraw from the UK due to new stricter enforcements on […]

iGaming operator ComeOn has confirmed that it has withdrawn all active brands from the UK online gambling marketplace and will now focus on more “favourable markets”.

ComeOn Chief Executive Lahcene Merzoug has updated stakeholders that the flagship ComeOn.com domain and subsidiaries MobileBet.com and GetLucky.com will withdraw from the UK due to new stricter enforcements on customer KYCs and care-of-duty procedures enforced by the UK Gambling Commission (UKGC).

“UK is a very mature and highly competitive market and the financial risks are big. We have never had a non-compliance breach, but we’ve seen competitors being fined big numbers and that creates uncertainty.” Lahcene Merzoug commented. 

Although operating in the UK since 2014, the UK has never been a big market for the operator. “[…] the UK license has lost its symbolic value”, Mr. Merzoug explained and given the fact that the operator holds licenses in many European countries its attention is now drawn to other markets, Malta is one of them.

Due to the upcoming Brexit in the UK, the company decided to increase staff members in Malta at the expense of Gibraltar to provide European Union market access. Despite the fact, Bet365 made it clear that it would maintain a presence in the territory and did not inform on the exact percentage of decrease. Bet365 […]

Due to the upcoming Brexit in the UK, the company decided to increase staff members in Malta at the expense of Gibraltar to provide European Union market access. Despite the fact, Bet365 made it clear that it would maintain a presence in the territory and did not inform on the exact percentage of decrease.

Bet365 will continue its dual regulatory and licensing strategy position between Gibraltar and Malta due to the good relationship they currently have with Gibraltar’s government and regulatory bodies.

Came to this decision after a conversation with the Chief Minister of Gibraltar Fabian Picardo and Gambling Minister Albert Isola. The company also expects to continue its relationship with the Government of Gibraltar.

The latest announcement, informed the public that 100 of the company’s 500 Gibraltar employees will continue to be employed at Bet365. 

The announcement comes only one day after British Prime Minister Boris Johnson prorogued the Parliament as a means of limiting the ability of lawmakers to block a “Hard Brexit”. 

The Malta Gaming Authority (MGA) has already made gambling operator feel at home after distancing itself from an online gambling site purporting to be associated with Bet365.

The Malta Gaming Authority (MGA) has announced today via a statement on their website, that “for the purpose of ensuring the Gaming Commercial Communications Regulations (S.L. 583.09) are being adhered to, the Authority has set-up a Committee (Commercial Communications Committee). The main functions of the Committee lie in reviewing commercial communications brought to its attention […]

The Malta Gaming Authority (MGA) has announced today via a statement on their website, that “for the purpose of ensuring the Gaming Commercial Communications Regulations (S.L. 583.09) are being adhered to, the Authority has set-up a Committee (Commercial Communications Committee). The main functions of the Committee lie in reviewing commercial communications brought to its attention and assessing any possible breaches.”

On the same statement, the MGA is hereby issuing the Commercial Communications Guidelines (the “Guidelines”), as part of the MGA’s mission of placing player protection and responsible gaming on top of its regulatory agenda.

These Guidelines are aimed at providing practical guidance to any person offering licensable game/s and to persons who collaborate in any way or provide any service, including any marketing or promotional service, to or on behalf of such persons.  The Guidelines are intended to serve as guidance on the interpretation of the Regulations, and should not be considered to be a substitute for the relevant laws and regulations. They reflect the MGA’s intended effect of the Regulations, but neither constitute new rules nor bind the MGA or the Committee on the manner in which they will decide upon any commercial communication complaint.

All decisions taken by the Committee, following the determination of whether a breach has taken place or otherwise will be listed on www.mga.org.mt/CCC for future reference to all relevant stakeholders.”

China stated that the Philippines should stop all forms of online gambling, to support its crackdown on cross-border gambling, which as said foreign criminals had used to embezzle funds and illegally recruit workers, causing an illegal outflow of money. “We hope the Philippines will go further and ban all online gambling. We hope it will […]

China stated that the Philippines should stop all forms of online gambling, to support its crackdown on cross-border gambling, which as said foreign criminals had used to embezzle funds and illegally recruit workers, causing an illegal outflow of money.

“We hope the Philippines will go further and ban all online gambling. We hope it will further strengthen law enforcement with China and jointly tackle criminal activities including online gambling and cyber fraud,” “This will help create an enabling environment for the development of bilateral relations and peace and stability in the region,” China’s Foreign Ministry spokesman, Geng Shuang, said on a press conference.

“We will have to ask the president on his policy on this,” said the Philippines presidential spokesman Salvador Panelo.

It is claimed that the Philippine Offshore Gaming Operators (POGO)  employs 100,000 workers, most of whom are from China. It’s believed that this is done to help accommodate Chinese punters.

Earlier this month, the Chinese Embassy in Manila said that many of the Chinese citizens are working illegally in POGO. This is subjected to what media described as “modern slavery” due to severe limitation of their personal freedom.

Bitcoin (BTC) price has risen back above the 11,000 USD (9,840 EUR) resistance, for the first time in 21 days and turned the altcoin markets all in the green as a result. The price of the world’s largest cryptocurrency by market cap, has once more jumped after regaining the lost ground in July when it […]

Bitcoin (BTC) price has risen back above the 11,000 USD (9,840 EUR) resistance, for the first time in 21 days and turned the altcoin markets all in the green as a result. The price of the world’s largest cryptocurrency by market cap, has once more jumped after regaining the lost ground in July when it endured major plunges with its price below 10K USD.

Yesterday, Sunday August 4, BTC climbed above 11,000 USD. Initially, its price stalled and then retested the 10,600 USD level on August 4. Following this, BTC saw a price breakout, sending it above the 11,000 USD level. 

As a result of Bitcoin’s spectacular recovery, other major names in the altcoin markets are flashing green today with Ethereum (ETH), TRON (TRX) and Tezos are all up by between 1.7% and 4%, respectively.

To be precise, the total market capitalization of all cryptocurrencies combined rose by more than 9 billion USD over a 24-hour period, marking another consecutive day in the green and spurring on the possibility for a continuation in BTC’s price.

Many crypto investors and traders have cited that the short-term outlook favours the bulls for now, given that the weekly close has resulted in a notable bullish engulfing candle with eyes set on weekly resistances at both 11,400 USD and 11,880 USD respectively.

Pragmatic Play, one of the leading content providers in the iGaming Industry, has launched its groundbreaking live casino with Parimatch.  Live Blackjack, Live Roulette and many other live casino products are delivered from the firm’s state-of-the-art studio using 4k camera technology to Parimatch customers across the globe.  Highly trained dealers will offer an immersive, mobile-first gaming […]

Pragmatic Play, one of the leading content providers in the iGaming Industry, has launched its groundbreaking live casino with Parimatch. 

Live Blackjack, Live Roulette and many other live casino products are delivered from the firm’s state-of-the-art studio using 4k camera technology to Parimatch customers across the globe. 

Highly trained dealers will offer an immersive, mobile-first gaming experience, featuring low game latency, fast and easy placing bets, detailed game statistics, complete bet history, guiding sounds effects and animations. The provider’s entire portfolio of video slots, bingo, scratchcards and live casino games is available to its operator partners via a single API.

“We are proud to be accelerating the growth of our live casino product with Parimatch. They are an operator who mirror our passion for delivering top quality gaming experiences, and it is fantastic to be working with them”, says Yossi Barzely, Chief Business Development Officer at Pragmatic Play.

Since live casino is of vital importance in the modern iGaming marketplace, Eugene Saveliev, head of gambling products at Parimatch, is “delighted to have rolled out their content and will continue to build on this promising partnership.”

Parimatch is an international betting platform with over 1600 employees worldwide. It supports almost two million customers and covers more than 20 sports and 60 countries, 200 leagues and 600 sporting events every day. 

The Cyprus registered company has sponsorship agreements with sporting institutions including Ukraine’s national football team, FC Apoel (Cyprus), FC Shakhtar (Ukraine), Virtus Pro and Team Spirit (e-Sports).

Although Libra – Facebook’s cryptocurrency – will not be launching until 2020, reports were made that dozens of accounts are offering it via its own social media.  The many fake accounts on Instagram and Facebook are forcing the latter to “rebuild trust and fight the fraud likely to surround the new financial system,” says The […]

Although Libra – Facebook’s cryptocurrency – will not be launching until 2020, reports were made that dozens of accounts are offering it via its own social media. 

The many fake accounts on Instagram and Facebook are forcing the latter to “rebuild trust and fight the fraud likely to surround the new financial system,” says The Washington Post before even the coin launches. The concerns around the new global digital coin have started long before this incident. Lawmakers, politicians and others have repeatedly showed skepticism and doubts. 

The digital coin will be managed by a governing body called the Libra Association and through a wallet named Calibra. Although Facebook aims for 100 partners, it’s currently working with 27 including PayPal, Visa, Uber, Mastercard, Vodafone, eBay and Spotify. 

David Marcus, head of Calibra, informed the public at the start of July that the reason Facebook went live with its announcement of Libra so early was to initiate dialogue and get feedback on the implementation.

Facebook is reportedly fighting against the fraudulent accounts and removes ads and pages that violate their policies when they become aware of them. “We are constantly working to improve detection of scams on our platforms,” a Facebook spokesperson said.

Cyprus Casinos, first and only authorized casinos in the Republic of Cyprus, has announced the opening of its third satellite in Ayia Napa – C2 Ayia Napa – just days after the one year celebration since the launch of the C2 Limassol “temporary casino”.  After C2 Nicosia and C2 Larnaca satellite casinos opened in December […]

Cyprus Casinos, first and only authorized casinos in the Republic of Cyprus, has announced the opening of its third satellite in Ayia Napa – C2 Ayia Napa – just days after the one year celebration since the launch of the C2 Limassol “temporary casino”. 

After C2 Nicosia and C2 Larnaca satellite casinos opened in December 2018, the C2 Ayia Napa opens its doors to the public in the city’s lively tourist area. Craig Ballantyne, Property President of City of Dreams Mediterranean and Cyprus Casinos “C2”, confirms that the location is ideal for a satellite casino. 

“We are delighted to be launching our third satellite casino, further expanding our C2 portfolio. We are confident that C2 Ayia Napa will help to enhance the city’s tourist product and significantly contribute to the sustainable growth of the local and island’s economy. At the same time, the casino will offer an exceptional entertainment experience for both local and foreign guests” he stated.

The structure housing the casino was specifically designed by Melco Resorts and Entertainment Limited (Melco), one of the world’s largest integrated resort operators. Within a plot of 13,829 m² plot, the building comprises a floor area of 367 m² and the gaming area features 50 slot machines. The casino operates in accordance with Cypriot legislation and Melco’s Responsible Gaming Programme. Guests and customers have an on-site dedicated parking lot and can enjoy their drinks at the Columbia Bar. 

C2 Ayia Napa is open from 3:00 p.m. until 6:00 a.m. daily and employs more than 40 people.