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Serbia Plans to Raise Online Gambling Taxes

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The lawmakers in Serbia are pushing a bill that would set higher online gambling taxes.

Serbia currently taxes online gaming at 5% of GGR but the new bill would increase this to 15% for online betting and 10% for other games.

The bill would also allow for up to 10 licenses to be awarded in addition to the two licences that are already active.

The new bill also includes additional responsible gaming requirements that operators must meet, including messages in all adverts reminding minors not to gamble. In addition to this, an electronic surveillance system would be implemented to detect illegal websites.

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“We are witnessing breaches of the rules,” lawmaker Danica Bukvic said.

“The fact is that children are betting and giving money to adults to pay for them to bet. Strict controls are necessary to prevent all this,” she added.

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Wazdan grows in Bosnia and Herzegovina with Admiralbet

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Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, is set to raise its profile in Bosnia and Herzegovina after partnering with leading brand Admiralbet.

The first batch of Wazdan’s high-performing slots to have gone live with the operator includes player-favourites such as Sizzling Moon™, 9 Coins™, 9 Coins™ Grand Gold Edition, and Magic Spins™ with further titles to be announced in the coming months.

Admiralbet players are now able to enjoy a much-strengthened selection of games that offer Wazdan’s engagement-boosting mechanics, including Cash Infinity™, Collect to Infinity™ and Hold the Jackpot.

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This latest European expansion follows several similar partnerships for Wazdan in a first quarter which has seen a significant level of commercial growth following its recent rebrand and consistent game release roadmap.

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Bosnia and Herzegovina is the latest territory to see us grow our influence in.

“We’re enjoying an incredible rate of growth now, backed by a rock-solid games portfolio and welcoming major partners like Admiralbet just elevates that success. We’re confident we have the best possible ally in the country thanks to this development.”

Admiralbet’s Online Casino Manager, Nikola Zakic, said: “Admiralbet is a company that strives for constant improvement and development to keep up with world standards.

“Gaining access to Wazdan’s products furthers that strategy fantastically well. It gives us a range of games that we know our players will enjoy and maintains our place as a leader in Bosnia and Herzegovina.”

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The post Wazdan grows in Bosnia and Herzegovina with Admiralbet appeared first on European Gaming Industry News.

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Bulgarian National Revenue Agency, the State Agency for National Security and the Gambling Operators Join Forces Against Money Laundering and Terrorist Financing

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The Bulgarian National Revenue Agency, the Specialised Administrative Directorate “Financial Intelligence” of the State Agency for National Security and branch organisations of the organisers of gambling operators will join efforts against money laundering and the financing of terrorism. This became clear during a working meeting, which took place on March 20 at the invitation of the Director General of the National Revenue Agency Rumen Spetsov, and his deputy Georgy Dimov.

The participants discussed the possibilities for the branch organisations of gambling operators to monitor the implementation of measures against money laundering and the financing of terrorism by their members. The talks also discussed changes in normative and sub-normative acts regulating the activity in the sector, which would lead to better accountability and guaranteed protection of the public interest.

During the meeting, it was decided that representatives of the National Revenue Agency would discuss with the branch gambling organisations issues related to the implementation of normative and sub-normative acts, providing guidelines for the correct fulfilment of obligations by gambling operators.

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“The National Revenue Agency is partner-oriented and is available to assist businesses in fulfilling their obligations by the current legislation. We highly value the commitment of industry gambling organizations in the prevention and effective fight against money laundering and terrorist financing,” said Rumen Spetsov – Director General of the National Revenue Agency.

The post Bulgarian National Revenue Agency, the State Agency for National Security and the Gambling Operators Join Forces Against Money Laundering and Terrorist Financing appeared first on European Gaming Industry News.

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BEGE & EEGS Present Their New Concept for 2024

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The upcoming EEGS conference, happening in parallel with the BEGE expo on November 27-28 in the Inter Expo Centre in Sofia, Bulgaria, is set to engage industry professionals from across Europe to discuss crucial topics in its 2024 edition. The events have now released the enhanced concept for this year’s meeting.

“This event creates a prime opportunity for networking, knowledge-sharing, and staying informed on industry trends,” its organisers said in a press release.

Among the topics that EEGS covers are Cryptocurrencies in gaming and Blockchain technology, Regulatory changes in the region, Implementation of new technologies, responsible gaming practice and many more subjects. Officials are preparing for pre-event initiatives to be announced soon.

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Natalia Baevska, Project Manager of both events, said: “The Proximity idea from last year has undergone a significant evolution to consolidate our focus on fostering partnerships, exploring new opportunities, and nurturing innovative ideas within the industry.”

The revamped concept lies within the theme: “Proximity to business. Proximity to opportunities. Proximity to innovation.”

“These carefully crafted slogans mirror our dedication and commitment to uniting customers and industry professionals, fostering collaborations, and establishing a thriving hub for the gaming industry,” a press statement reads.

Already in its 15th edition, the BEGE Expo draws many of the globe’s leading gaming companies to showcase and promote their latest innovations and cutting-edge technology. Attendees will benefit from a range of features, network with industry experts, acquire valuable insights and stay ahead of the latest industry developments at this vital gaming event.

“Both the EEGS conference and BEGE Expo promise to offer an exceptional experience for exhibitors, attendees, partners, sponsors, and affiliates,” the events’ organisers concluded.

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The post BEGE & EEGS Present Their New Concept for 2024 appeared first on European Gaming Industry News.

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