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Belarus finalises financial pre-conditions for online casinos
Belarus has finalised the requirements for the financial sufficiency for starting online casinos in the country. According to the press service of the Council of Ministers, in accordance with Government Decree No. 139, from 1 April 2019, an online casino operator registered in Belarus must have 90 thousand basic values in the special account in the Belarusian bank (which amounts to 2.3 million BYR or more than $ 1 million in equivalent).
Requirements for online bookmakers are more friendly, betting operators should confirm they have a bank account with 20 thousand basic values (510 thousand BYR, or more than $ 235 thousand in equivalent).
In accordance with the document, a special account is a guaranteed fund intended for the timely transfer of winnings and taxes by the gambling operator.
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Eastern Europe
All GSBet shops join OKTO’s cashless revolution
December 13, 2022
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GSbet, the well-known Romanian land-based sports betting operator innovates and rolls out OKTO’s mobile-first, responsible payments solution across its entire retail network. OKTO solution is now available in over 3,000 self-service betting terminals across over 1,100 points, offering cashless and responsible gaming experiences to the region.
Commenting on the partnership Liviu Popovici, OKTO’s Country Representative stated: “We are pleased with our partnership with GSbet, launching digital, secure payment experiences in an extremely significant and substantial market. GSbet understood that digital payments, besides being a new payment alternative for consumers, are primed to springboard the retail companies to the next phase of growth and fast-forward in-store digital transformation. The quick and full roll-out of the solution shows how seamless is to onboard with OKTO in a compliant and smooth way whether that be for retail or online.”
Liviu Popovici, added: “OKTO.WALLET not only satisfies the digital demands of modern consumers but also satisfies the requirements set out by regulators in terms of safer gambling & proper supervision of self-service facilities, being suitable for all progressive businesses in the sector.”
Gheorghe Sorin, GSBet’s owner and CEO said: “This partnership is a key milestone for GSbet, entering dynamically the retail digital space. Our mission is to offer our customers the best experiences and by partnering with OKTO, we further proceed in this direction.”
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Eastern Europe
Tom Horn expands Romanian footing through Fortuna deal
December 7, 2022
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Following on its successful presence in a number of Central European regulated markets, Tom Horn Gaming has agreed a content integration agreement with yet another betting and gaming operator giant in the region, Fortuna Entertainment Group.
In Romania Fortuna operates two brands – fortuna.ro and casapariurilor.ro – and players of both sites can now enjoy a selection of carefully picked games, which include the supplier’s all-time favourite slot 243 Crystal Fruits as well as the top performers The Secret of Ba and Sherlock. A Scandal in Bohemia.
Commenting on the latest content alliance, Ondrej Lapides, CEO at Tom Horn Gaming said: “Fortuna is one of the strongest brands in Central Europe and we’re delighted to have joined forces with them as this collaboration will further expand our footprint in the region. The Romanian operation is the first market where we launch our games with the operator and we’re sure to capitalise on our expertise and exquisite knowledge of player preferences in the region in order to contribute to increased player retention and overall revenue growth.”
Stanislav Sopko, Group Head of Product & Channel Management at Fortuna Entertainment Group added: “Tom Horn has built a reputation for creating slots that resonate well with Central European players. Offering the supplier’s titles to our customers is a huge boost to our casino portfolio. We believe this deal will lead to a long and successful partnership that will generate impressive growth for both of our companies, whilst providing highly engaging and entertaining content to our players.”
With the Fortuna link-up, Tom Horn Gaming continues to maintain its commercial growth trajectory in Central and Easter Europe, where their games are particularly popular among players.
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Eastern Europe
Push Gaming boosts Romania presence with Crowd Entertainment
December 7, 2022
Reading Time: 2 minutes
B2B gaming supplier Push Gaming has taken a huge step in its growth strategy in Romania by going live with operator Crowd Entertainment’s four brands.
The deal sees Princess Casino, Magnumbet, CashPot and Luck Casino now able to exhibit Push Gaming’s titles across the Romanian market, further boosting the provider’s footprint within the nation.
Push Gaming entered the Romanian market towards the end of 2021 and has gone from strength to strength in the Balkan country with the announcement of this new partnership, showcasing a range of slots from its dynamic library and significantly increasing its output.
This new offering will allow Push’s growing portfolio of player-favourite titles to be played by a significant number of new customers across different platforms, increasing its prominence in a vibrant market.
Push’s collaboration with a quartet of the country’s best-known operators is the latest development in its wider global expansion as it continues to pursue its commercial growth ambitions in regulated territories.
Commenting on the announcement, Fiona Hickey, Head of Sales at Push Gaming said: “To be able to partner with Crowd and its four leading brands shows the giant strides we are making in global markets. It’s a development that will be followed by more growth in the coming months.
“We are extremely pleased to be working with Princess Casino, Magnumbet, CashPot and Luck Casino– key Romanian names that will be able to roll out the very best titles that Push Gaming has to offer and add value to their lobbies.”
Daniela Asaftei, Head of CRM at Crowd Entertainment said: “We’re delighted to be able add Push to our growing list of leading suppliers. As an operator of the highest standards, Push’s content is the perfect match and is going to offer our players an incredibly rich selection of new games to enjoy.”
Established as one of the industry’s most entertaining suppliers, Push Gaming is live across the majority of Europe’s key regulated markets with the likes of LeoVegas, Entain, 32red, 888, Casumo, Betsson, Svenska Spel and Sky Bet.
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