Pavel Korolev – InBet – Tailoring products to meet regulationby Joker 26.05.2017 0 comments
Pavel Korolev, business development director for InBet Games, says the company has tailored its products to meet government regulation in different regions.
He also says that while InBet is aware of the complexity and diversity of local markets, the B2B lottery, betting and gaming provider is open to exploring the potential of new partnerships, particularly in the Americas, and applying what it has learned from its work in Eastern Europe.
Our strength is in meticulously adjusting our solutions to the most challenging national and legal environments. Relying on extensive research and our vast expertise with some of the most dynamic and heavily regulated markets like Russia and Kazakhstan, we tailor our products to meet the strictest regulatory standards worldwide.
There are booming betting and gambling markets in Latin America and certain African countries. The patterns of industry growth and regulatory trends here are reflective of what was happening in CIS markets not long ago – and here at InBet we know exactly how to go about it.
Classic slots and RNG games enjoy tremendous popularity across the globe, yet in many regions legislators have put restrictions on them. To help our clients operating under such regulations to meet the massive demand for slots and RNGs, we came up with a tool that keeps the attractiveness of slot machines without meeting the legal definition thereof.
Animations is based on making bets on real-life events. This solution has been approved and certified by BMM Testlabs – the world’s leading gaming certification entity. Another acclaimed solution that we have developed is the lottery license optimisation, which helps to connect players to lotteries that take place in offshore jurisdictions, where draws occur at least once in every 20 seconds.
When it comes to meeting regulation requirements, we don’t play hit or miss. Every product we offer undergoes scrutiny by a team of lawyers, which consists of both our employees and local attorneys. We maintain best practices in terms of ensuring perfect legality of our solutions and certifying them according to local legislation.
Flexibility in terms of platforms and formats is crucial to adjusting our solutions to different contexts. InBet provides software that operates as physical terminals, web sites or desktop programs. For example, when LatAm’s favourite bingo lottery meets the format of an affordable terminal that the owner of every local establishment can buy, there is potential for massive success.
Finally, to make sure that our customers command ever-increasing audiences, we embed powerful marketing tools in our products. Sweepstakes is a proven means of rewarding existing players and attracting new ones. People who buy a juke-box or an e-book get complementary access to a pre-installed sweepstake app, where they can win chips to play for real money.