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Albanian Socialist Party Pulls Gambling Draft Law from Parliamentary Vote

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The Albanian parliament was about to vote to reverse a five-year-old ban on online sports betting as the government admitted that it had failed to control the illegal activity. The proposed draft law, which would permit licensing for ten betting companies with prior experience, was scheduled to be voted on Thursday, February 8, 2024, during the plenary session. However, Bledi Cuci, the Chairman of the Socialist Party, unexpectedly withdrew the said law without providing an explanation.

“At the request of the Socialist Party, it was requested to withdraw from the discussion of the draft law on gambling,” the Speaker of the Parliament, Lindita Nikolla, said. “It was approved with 74 votes in favor.”

Nevertheless, the law on allowing online betting activities in Albania shall be returned for a vote in the parliament. After withdrawing from the vote in the session, the parliamentary group of the Socialist Party has decided to modify at least two of the 33 articles.

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Among the proposed amendments, the revised draft includes a minimum requirement for foreign shareholders to hold a minimum of 30% stake in competing companies and/or organisations alongside a mandate for substantial experience in the gambling sector across at least three European countries over a period of no less than three years.

Moreover, adjustments to the re-establishment fund have been proposed, with an increase from the initial allocation of 20 million lek to a minimum of 40 million lek. Additionally, several provisions have been also introduced aiming to limit the influence of betting organizers by prohibiting them from sponsoring sports clubs. Furthermore, the roles of the President of the National Football Federation as well as the President of the Olympic Committee in the Licensing Commission have been eliminated.

Additionally, the proposed legislation act is also trying to strengthen oversight with a new clause that mandates state supervision over the activities of concessionary companies responsible for developing and maintaining the central online monitoring system. This oversight will be carried out by the Licensing Commission through regular audits.

Finally, changes were also made in the articles on the winning rate of national lottery players, which was reduced from 80% to ‘not less than 50%’.

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EGT Digital and Maxbet: One more milestone in Serbia

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EGT Digital is excited to announce a successful collaboration with MaxBet, a prominent name in the online betting industry, following the integration of our innovative gaming content into their platform. The Bulgarian provider’s popular titles, including Bell Link, Clover Chance, High Cash, and Single Progressive Jackpot, have quickly captured the attention of players, achieving remarkable rankings among the top products in the online casino category within just days of launch.

Tsvetomira Drumeva, Head of Sales at EGT Digital, remarked: “Our partnership with MaxBet is immensely valuable and mutually beneficial. This collaboration enables us to extend our reach to a broader local audience while solidifying our reputation as a preferred provider of iGaming solutions in Serbia. Importantly, it also allows us to enhance the customer experience for MaxBet’s players, contributing to their growth and satisfaction.”

Vukašin Marelj, Head of Online Casino at MaxBet, echoed this sentiment, expressing his enthusiasm for the fruitful partnership with EGT Digital: “As a leading operator, our top priority is to offer our clients the best gaming options available. EGT Digital’s casino games excel with their stunning visuals, diverse themes, and enticing bonuses. The positive results we’ve seen so far confirm that our choice to partner with EGT Digital was a strategic one, and we eagerly anticipate further enriching our portfolio with their exceptional titles.”

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Together, EGT Digital and MaxBet are poised to set new standards in the gaming industry, delivering outstanding entertainment experiences to players in Serbia.

The post EGT Digital and Maxbet: One more milestone in Serbia appeared first on European Gaming Industry News.

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EGT Digital won the “Online Provider of the Year” prize from BEGE Awards 2024

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EGT Digital celebrates being named the “Online Provider of the Year” at the 15th edition of the prestigious BEGE Awards competition. The official ceremony was held on November 27 and accolades in 32 categories were presented to individuals and companies for their exceptional achievements in the gaming and entertainment industry.

EGT Digital took the award in recognition of the wide variety of iGaming products and services it offers. The company’s ever-growing portfolio of casino games enjoys great popularity in a number of markets around the world. Players appreciate their perfect combination of eye-catching genuine design, high winning chances, and many captivating bonus features. The in-house developed “all-in-one” betting platform X-Nave is a versatile solution, providing the advanced technology and tools operators need to ensure the success of their online business.

Vladimir Dokov, CEO of EGT Digital, said: “Thanks to its forward-thinking developments, EGT Digital has quickly established itself as a preferred iGaming provider both locally and globally. This award is a very valuable distinction for us and reaffirms our commitment to creating innovative products and promoting responsible gaming.”

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The post EGT Digital won the “Online Provider of the Year” prize from BEGE Awards 2024 appeared first on European Gaming Industry News.

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EGT secures four prestigious accolades at BEGE Awards 2024

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BEGE Awards 2024 brought well-deserved recognition for EGT, providing the company with 4 prizes. At an official ceremony, held on 27 November, the company received accolades in the categories “Slot Machine of the Year”, “Jackpot System of the Year,” and “Corporate Social Responsibility of the Year”.

The fourth and special award “CEO of the Year” was presented to EGT’s CEO Vladimir Dokov. This distinction highlights his strategic vision, which has positioned the company as one of the leading manufacturers and suppliers of gaming equipment on a global level.

“It is a great honor for me to receive this award for the second year in a row,” said Mr. Dokov. “This is eloquent testimony that with motivation, devotion and the support of a team of talented and ambitious professionals any challenge is surmountable and any goal is achievable.”

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The “Slot Machine of the Year” award was presented to EGT in recognition of its slot cabinets from General Series, which had many installations in 2024, demonstrating excellent performance in a number of gaming establishments around the world.

The absolute bestseller Bell Link has earned the company the “Jackpot System of the Year” prize. Featuring 4 exciting jackpot levels and numerous attractive bonuses, this product has quickly become players’ favorite wherever it has been installed.

EGT was also honored with the “Corporate Social Responsibility of the Year” acknowledgment for its dedication to supporting various charity and sports initiatives, as well as its consistent policy for environmental protection implemented in its production processes and overall activities.

“The BEGE Awards serves as a benchmark for industry achievements, and we are proud that EGT took all these prestigious prizes. They inspire us to continue pursuing gaming excellence,” concluded Mr. Dokov.

The post EGT secures four prestigious accolades at BEGE Awards 2024 appeared first on European Gaming Industry News.

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