AdmiralBet, a leading brand of the Novomatic Group in Serbia, announced the launch of OKTO.CASH, a fast and direct cash-to-digital payment solution from OKTO. The new integration offers a convenient and secure way for users in the region to top up their iGaming accounts with cash, further enhancing the customer experience at AdmiralBet.
The partnership highlights OKTO's expansion in Serbia and reflects its commitment to providing easy, fast, and secure payment options for players who prefer offline transactions but seek the convenience of online gaming. It allows AdmiralBet customers to deposit cash directly into their gaming accounts instantly, through OKTO's e-voucher payment at an ever-growing network of outlets across the region.
The seamless integration allows players to complete deposits without leaving the gaming environment, ensuring an uninterrupted and smooth experience.
Speaking about the importance of this collaboration, OKTO's CCO, Simon Dorsen, highlighted: "OKTO has built a strong reputation for aligning its payment solutions with the needs of modern users who prioritize flexibility, convenience, speed, security, and protection. Our proprietary technology is fully integrated into the AdmiralBet architecture, allowing instant access to funds without the player needing to leave the app or website. This is the perfect solution for users who want the benefits of the digital world while still using cash, aligning with AdmiralBet's user-focused payment strategy".
He further emphasized the importance of adapting to local market needs: "Our payment platform is specifically designed to meet the demands of the Serbian market. We recognize the value of thinking locally, and this partnership offers real benefits for players and operators".
Milan Djurmez, head of online gaming at AdmiralBet, also expressed enthusiasm about the partnership, stating: "We operate in a highly competitive and fast-paced sector, where offering the best mobile-first experiences is crucial. OKTO has proven to be a reliable partner with an impressive track record in digital payments in Europe and beyond. We are excited to offer this new cash-to-digital payment solution to our players, further enhancing their experience".
The collaboration of AdmiralBet with OKTO reaffirms the commitment of all parties to offer cutting-edge experiences to consumers. As OKTO continues to increase its presence in the Serbian market, this partnership marks a significant step towards modernizing payment methods for the gaming community in the region.
OKTO, digital payments for the real world
OKTO drives digital payments for online and retail businesses worldwide. The unified payment platform securely processes transactions in both digital and real realms, creating engaging payment experiences for merchants and consumers.
With a team of over 200 payment experts and technologists, OKTO orchestrates digital payments across the Americas, Europe, and Asia through a blend of local expertise, industry knowledge, and international capabilities. The omnichannel approach supports clients in various regulatory scenarios, ensuring low friction and high protection.
With more than €6 billion in volume processed for over 25 million consumers worldwide, the company continuously drives digital transformation in payments.
Learn more about OKTO: www.oktopayments.com
AdmiralBet
AdmiralBet is a proud member of Novomatic AG, a European leader and one of the largest companies in the world in the field of gaming technology. AdmiralBet is the fastest-growing sports betting and online casino brand in Serbia, operating successfully since 2021.
With 370 retail stores across Serbia and a state-of-the-art online betting and gaming platform, it pushes the boundaries of modern betting.
In addition to sports betting, players can expect a wide selection of slots and physical and online games, aligned with the latest trends, as well as the most popular virtual games from globally recognized providers.
Source: GMB
The Mega da Virada 2024, a special contest of Mega-Sena, number 2,810, promises to pay a record prize of R$ 600 million, surpassing last year's amount, becoming the largest in the category. Betting started this Monday (11). The draw will be held on December 31.
Like other special contests of Loterias CAIXA, the main prize of the Mega da Virada does not accumulate. If there are no winners in the main tier, with 6 correct numbers, the prize will be divided among those who hit the 2nd tier (with 5 numbers) and so on, according to the rules of the category.
Considering all prize tiers of the Mega da Virada, the total prize money for all winners can exceed R$ 1 billion.
Bets must be placed using a specific Mega da Virada ticket only through the channels of Loterias CAIXA: the more than 13,000 CAIXA lottery outlets spread across Brazil, the Loterias CAIXA website, and the Loterias CAIXA app (iOS and Android), as well as Internet Banking CAIXA, exclusive to CAIXA account holders. The cost of a simple bet, with 6 numbers, is R$ 5.
Bolão CAIXA
To participate in a Mega-Sena pool, the bettor can buy shares of pools organized by the lotteries where a service fee of up to 35% of the share value may be charged.
Shares can also be purchased on the Loterias CAIXA website or through the Loterias CAIXA app with a service fee of 35% of the share value.
The CAIXA Lottery pool is a way for bettors to make group bets. Just fill in the specific field on the ticket or ask the lottery attendant.
In Mega-Sena, pools have a minimum price of R$ 15. However, each share cannot be less than R$ 6. It is possible to make a pool with a minimum of two and a maximum of 100 shares.
It is allowed to make a maximum of ten bets per pool. In case of a pool with more than one bet, all of them must contain the same number of forecast numbers.
Source: GMB
A request for review by Minister Flávio Dino interrupted, this Friday (8), the trial in which the Plenary of the Supreme Federal Court (STF) discusses whether to maintain or not the suspension of sections of the new Bets Law. They prohibit the granting of lottery services to the same economic group in more than one state and limit the advertising of state lotteries to people located in the state. The end of the virtual session was scheduled for November 18.
At the end of October, Minister Luiz Fux of the Supreme Federal Court (STF) suspended a section of the sports betting law (14.790/2023) that prohibits advertising lottery services in more than one state. The decision was in response to the government of São Paulo, which requested a preliminary injunction (temporary) to suspend the norm after the judgment on the merits (definitive) was interrupted by a request for review by Minister Gilmar Mendes.
Also known as the Sports Betting Law, the norm was sanctioned on the penultimate day of 2023. The contested provisions were suspended last October by a preliminary decision of Minister Luiz Fux, at the request of the governors of São Paulo, Rio de Janeiro, Minas Gerais, Paraná, Mato Grosso do Sul, Acre, and the Federal District.
Before the requests for review, only the rapporteur had presented his vote, which maintained the grounds of the preliminary injunction.
Context
In the action, filed in May, the governors argue that the restrictions imposed by the law reduce the participation of companies in tenders and favor a competitive environment among states, where some tend to lose more than others. States with larger populations or whose populations have higher purchasing power would be more attractive.
Another argument is the violation of free competition, as the lotteries were left without the right to explore their full advertising potential to attract new users.
The Attorney General of the Republic, Paulo Gonet Branco, defended, in September, the validity of the contested sections by the governors. He emphasized that the Union has the competence to regulate the lottery system, and the general regime of concessions and permissions for public services.
Decision of the rapporteur
Fux's preliminary injunction was granted just days before the auction for the concession of lottery services in the state of São Paulo. The judge argued that, if the restrictions were maintained, the number of interested companies would tend to be smaller.
The minister considered that there is no reasonable justification for restricting the concession of lottery services to an economic group in more than one state. Fux highlighted that this is not provided for in Article 175 of the Constitution, which deals with concessions or permissions for the provision of public services.
He agreed that companies with the technical conditions to provide more efficient services would have to compete for the concession in more populous and more profitable states. This would harm smaller states, which would lose potential revenue and be forced to sign contracts with companies “tentatively less qualified”.
The rapporteur also considered that the law “removes from the states, without any reasonable justification, the possibility of adopting advertising strategies that best suit their business planning”.
Fux explained that the decision is aimed only at modalities such as number lotteries, numbered tickets, and instant lotteries. Fixed quota bets, known as bets, are questioned in another action.
Source: GMB / Portal Juristec
