Brazil’s Ministry of Finance has achieved significant progress toward regulating its burgeoning gambling industry by introducing the Secretariat for Prizes and Betting (SPA). This strategic move is part of a broader governmental initiative to enhance control and bring legal oversight to the rapidly evolving landscape of gambling within the country’s borders.

A New Regulator for a New Age

This regulatory drive finds legislative backing in Law No. 14,790 of 2023. Enacted by President Luiz Inácio Lula da Silva, this law addresses fixed-odds betting intricacies and introduces significant changes to existing laws. It delineates taxation criteria, outlines rules for commercial exploitation, defines revenue distribution mechanisms, and establishes sanctions.

The focal point of SPA’s mandate is efficient regulation of the fixed-odds sports betting market, encompassing sports betting and online gambling. The secretariat will also actively manage processes related to lotteries and commercial promotions, working in tandem with broader anti-money laundering initiatives. Furthermore, SPA will establish and enforce responsible gambling policies safeguarding vulnerable groups, especially minors.

The new Secretariat will also carry out actions to detect and prevent money laundering, as well as monitoring the market, aiming to establish responsible gambling policies.

Brazil Ministry of Finance statement

Within the larger organizational framework, the Ministry of Finance will host eight secretariats, with SPA emerging as a pivotal player. Structurally, SPA will operate through three key sub-divisions: Authorization, Monitoring and Inspection, and Sanctioning Action. The collective effort will involve 38 dedicated professionals who will dedicate their efforts to creating a safe and sustainable market.

Enforcement Effectiveness Remains Paramount

The enactment of Law No. 14,790 marks a critical milestone, filling a regulatory void that persisted for years. Despite the legalization of fixed-odds betting in 2018, the absence of specific inspection and taxation rules left the sector operating without proper oversight, exposing stakeholders to potential scams and fraud. This advancement will ensure such domains receive the necessary transparency, remaining subject to comprehensive oversight.

In a collaborative effort, SPA’s activities will align with the Ministry of Sport, particularly in matters related to sports integrity. This collaboration extends to monitoring result manipulation in sporting events and overseeing transfers involving athletes, clubs, and sports management bodies. Such efforts should increase fan engagement and prevent controversies from tarnishing the country’s sports reputation.

As Brazil takes this proactive step in instituting the Prizes and Betting Secretariat, the country’s gambling landscape will undergo a transformative journey. The dedicated focus on transparency, responsible gambling practices, and effective oversight aims to create a secure and regulated environment for operators, bettors, and other stakeholders. With SPA at the helm, Brazil ventures into a new era of regulated and accountable gambling practices.

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GamingTech CEE, the “rebranded” Central and Eastern European Gaming Conference and Awards (CEEGC) organized by the HIPTHER Agency, a summit with a 7-year tradition of being the flagship conference of the online gaming industry in the Eastern and Central European region, throughout the fall, especially September 26 and 27. However, for this particular year, Evoplay, a rapidly-growing online gambling game development studio based in Ukraine, has been chosen to be the “Main Stage Sponsor” of this unique event.

Compatible values

As the company is one of the flagship iGaming suppliers committed to creativity, aiming to overcome the familiar and long-used approach to game production and transform the world view of gambling products, its values and future orientation are fully compatible with the out-of-the-box spirit of the upcoming summit and HIPTHER.

Full interview

For this special occasion, European Gaming spoke with the Head of Sales at Evoplay, Ihor Zarechnyi, about the news, the firm’s achievements so far and the huge importance of Eastern and Central Europe for the firm.

Regarding the interview, Ihor noted that the company is rapidly developing force that brings new things and views to the industry and that its team works as one, because in a very short time it managed to create more than 200 slots. In addition to innovative slots, it also creates new technology like the Spinential system. Additionally, when asked about the firm’s decision to rebrand in 2021, he said that they were very lucky because their main focus is online gaming, and with the pandemic, the number of iGaming players has only increased, which further caused the need for firm to clearly define its goals, strategy and values, hence the rebranding process.

Furthermore, being a relatively young company, it is more included in the crypto iGaming business, meaning it partners with various crypto-based platforms, which further means it signs a content distribution agreement with them and they offer its games via their platforms which further increases Evoplay’s revenue. As for other partnerships, those with SoftGamings, Relax and EveryMatrix, were especially important to Ihor, because they enabled Evoplay to introduce itself to a wider audience.

What’s more, when it comes to Evoplay’s rapidly growing library of games, the most exciting for Ihor is Star Guardians, which he says is an amazing true-to-life adventure equipped with one-of-a-kind RPG-inspired gameplay.

However, the main conclusion of this interview is that the firm is very open because it works with crypto-platforms as mentioned above and uses modern, high-value technology like fintech, blockchain and web3 to open new opportunities in the world of gambling to satisfy the players, which is just an extra proof that HIPTHER Agency made the right choice by choosing this particular company for such an important role at the upcoming summit.

Source: “Evoplay Brings the Future of iGaming to GamingTECH CEE Summit” , European Gaming, August 28, 2023

The post Evoplay As Main Stage Sponsor Of GamingTECH CEE Summit appeared first on Keno Wizard.

GamingTech CEE, the “rebranded” Central and Eastern European Gaming Conference and Awards (CEEGC) organized by the HIPTHER Agency, a summit with a 7-year tradition of being the flagship conference of the online gaming industry in the Eastern and Central European region, throughout the fall, especially September 26 and 27. However, for this particular year, Evoplay, a rapidly-growing online gambling game development studio based in Ukraine, has been chosen to be the “Main Stage Sponsor” of this unique event.

Compatible values

As the company is one of the flagship iGaming suppliers committed to creativity, aiming to overcome the familiar and long-used approach to game production and transform the world view of gambling products, its values and future orientation are fully compatible with the out-of-the-box spirit of the upcoming summit and HIPTHER.

Full interview

For this special occasion, European Gaming spoke with the Head of Sales at Evoplay, Ihor Zarechnyi, about the news, the firm’s achievements so far and the huge importance of Eastern and Central Europe for the firm.

Regarding the interview, Ihor noted that the company is rapidly developing force that brings new things and views to the industry and that its team works as one, because in a very short time it managed to create more than 200 slots. In addition to innovative slots, it also creates new technology like the Spinential system. Additionally, when asked about the firm’s decision to rebrand in 2021, he said that they were very lucky because their main focus is online gaming, and with the pandemic, the number of iGaming players has only increased, which further caused the need for firm to clearly define its goals, strategy and values, hence the rebranding process.

Furthermore, being a relatively young company, it is more included in the crypto iGaming business, meaning it partners with various crypto-based platforms, which further means it signs a content distribution agreement with them and they offer its games via their platforms which further increases Evoplay’s revenue. As for other partnerships, those with SoftGamings, Relax and EveryMatrix, were especially important to Ihor, because they enabled Evoplay to introduce itself to a wider audience.

What’s more, when it comes to Evoplay’s rapidly growing library of games, the most exciting for Ihor is Star Guardians, which he says is an amazing true-to-life adventure equipped with one-of-a-kind RPG-inspired gameplay.

However, the main conclusion of this interview is that the firm is very open because it works with crypto-platforms as mentioned above and uses modern, high-value technology like fintech, blockchain and web3 to open new opportunities in the world of gambling to satisfy the players, which is just an extra proof that HIPTHER Agency made the right choice by choosing this particular company for such an important role at the upcoming summit.

Source: “Evoplay Brings the Future of iGaming to GamingTECH CEE Summit” , European Gaming, August 28, 2023

The post Evoplay As Main Stage Sponsor Of GamingTECH CEE Summit appeared first on Keno Wizard.

Such a quick approval marks a significant milestone for the tribe, paving the way for the launch of sports betting at the renowned Prairie Band Casino & Resort. The venue hopes for a 2023 launch, helping it offer a comprehensive gambling experience to its clients. Kansas’ booming sports betting market presents the tribe with a unique opportunity to enhance Prairie Band Casino, helping it compete against other operators.

Kansas Authorities Gave Prairie Band the Green Light

The sports wagering amendment to the gaming compact between the Prairie Band Potawatomi Nation and the state of Kansas represents a significant expansion of gaming opportunities. The tribe can now officially offer sports betting alongside their existing Class III gaming activities, enhancing the entertainment options available at Prairie Band Casino & Resort and providing visitors and sports enthusiasts with thrilling new experiences.

Tribal Council Chairman Joseph “Zeke” Rupnick noted that the quick approval was only possible thanks to the cooperation of the Kansas government. He hoped the newly granted sports betting amendment would help the tribe compete with state casinos and industry heavyweights. The Prairie Band Potawatomi Nation will work closely with state regulators to ensure compliance with all sports betting laws and regulations.

I didn’t think it was going to get done this year, but thanks to the Governor’s staff… and the elected members of the House and Senate, we were able to get this done.

Joseph “Zeke” Rupnick, Prairie Band Potawatomi Nation Tribal Council Chairman

As sports betting becomes a reality at Prairie Band Casino & Resort, it will attract more visitors from within the state and beyond. The venue hopes to create a vibrant and immersive environment featuring state-of-the-art sportsbook facilities where patrons can watch live games, analyze odds, and enjoy the thrill of wagering on their favorite teams. 

Prairie Band Relies on Its Comprehensive Offerings

Despite the cooperation of Kansas officials, Prairie Band still lags behind other sportsbooks in the region. The state officially launched its sports betting market on 1 September 2022 as high-profile operators like Caesars and DraftKings flocked to the fresh market, fighting to secure a stable regional presence.

The state’s sports betting industry has mostly stabilized after the initial launch, boasting consistent financial results in line with predictions. While Prairie Band does not threaten existing market leaders, the addition of sports betting should positively impact the venue’s bottom line, offering an atmospheric and engaging alternative to the traditional wagering experience.

Prairie Band will initially focus on developing on-site betting opportunities, with a sports betting app further down the line. The tribe has announced a Q4 launch, but Chairman Rupnick was optimistic that wagering could launch as soon as September. Such improved gaming operations will contribute to job creation, revenue generation and support local programs, benefiting the community.

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