The company will attend the event to be held at the Malta Maritime Hub from November 12 to 14.
Press release.- SOFTSWISS has announced its participation in the SiGMA Europe Summit 2024. The event will take place in Malta at the Malta Maritime Hub from November 12 to 14. With 1,000 exhibitors, it will host 27,000 delegates from the electronic gaming industry and much more.
After a resounding celebration of its major anniversary in Portugal, SOFTSWISS returns to Malta with the award-winning concept "Grab Success in igaming" [achieve success in igaming]. The campaign's slogan fully reflects the rapidly evolving nature of the industry. SOFTSWISS incorporated the Maltese crab, inspired by the natural beauty of the region, as a striking visual element in its marketing campaign. This creative approach was recognized and rewarded at the prestigious EGR Marketing and Innovation Awards 2024.
During SiGMA Europe, SOFTSWISS will showcase three new innovative solutions along with its other well-established products. The newly launched products include Lotto software, the retail betting solution, and the horse racing module. Additionally, the Affilka by SOFTSWISS team will unveil a new feature for its affiliate software: the geographically distributed redirection application.
Vitali Matsukevich, Chief Operating Officer of SOFTSWISS, shares: “Working at the heart of the industry, in Malta, for many years, SOFTSWISS sees how SiGMA Europe grows and consistently brings together industry leaders, experts, and prominent market players. SOFTSWISS looks forward to meeting its partners and friends at the last major event of the year to finalize current projects and prepare a foundation for next year's collaborations.”
See also: SOFTSWISS becomes the main partner of NEXT.io Elite Retreat LatAm
During the event, SOFTSWISS experts will also share their deep professional experience. Vitali Matsukevich will shed light on the important topic "How to choose a safe crypto casino" for those who want to learn more about selecting a reliable crypto casino focusing on licenses, security, and detecting red flags.
Representatives from Dominican betting banks estimate that the increase in tax would bring illegality to 75 percent.
Dominican Republic.- From the National Association of Sports Betting Banks of the Dominican Republic, they described as “unviable” the Selective Consumption Tax on gambling, set at 16 percent. Representatives of the sports betting banks estimate that thanks to this new tax, informality would increase from 50 to 75 percent.
In this regard, Jefrey Espinal, vice president of the Association of Sports Betting Banks, completely rejected the tax proposed in the Government's Fiscal Reform initiative.
According to the local site N, Espinal believes it would be more appropriate if the authorities applied Law 139-11, on Tax Reform, more rigorously, and in this way charge tax evaders, regulating the entire gambling sector. Espinal estimates that informality is around 50 percent and with greater control, the authorities would manage to collect more.
“The 16 percent Selective Consumption Tax on the gaming sector, which is not applied anywhere else in the world, would bankrupt our sector,” assured Espinal, who went to the National Congress to express his rejection of the 16 percent tax on gambling, established in the Fiscal Reform presented by the Dominican government on October 7.
The representative of the Dominican sports betting banks estimates that applying this tax would lead to a decline in gaming and consequently, the goal of collecting more would not be achieved.
See also: Circe Almánzar asks for online gaming to be regulated in the Dominican Republic: "It could be a very important source of income for the government"
The Dominican government, through the Minister of Finance, Jochi Vicente, revealed on Monday, October 7, the details of the fiscal reform or modernization. According to the official, the goal of the reform is “to meet the demands of the citizens concerning basic services, which also suggests an increase in public spending”.
The government reported that with the proposed fiscal reform presented this Monday, it aims to increase revenues by RD$122,486.6m, equivalent to 1.5 percent of the GDP.
The proposal includes a new selective tax on gambling, with the aim of collecting RD$1,512m (USD24.7m). Additionally, the proposal states that the exemption on the importation of gambling machines and devices would be eliminated. Moreover, it is established that the maximum retention on prizes or winnings obtained in gambling would increase from 25 to 27 percent.
