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Interview: Francisco Vidal on the prospects of gambling business development in the CIS

Francisco Vidal is the CEO at major entertainment complex Sortis & Golden Lion Casinos in Panama. Francisco is an expert of gambling business, having started as a croupier at London and Las Vegas casinos and becoming the head of several casinos in a very short term, namely Comar Group and Cirsa International in the Dominican Republic. Over a couple of years, he travelled almost throughout all countries of the West Indies, gaining the managerial positions. At the Russian Gaming Week 2017 conference, he will make a presentation titled “Building a Healthy Casino Industry in Russia – Casino Operations point of view”.

An expert toldRGW teamabout the prospects of the CIS (Commonwealth of Independent States) market development, confirming his interest in attending of the RGW 2017 conference to surprise the audience with his presentation.

Russia Gaming Week Features Francisco Vidal




1) Is the CIS market considered as promising for the European companies that work in the gambling industry? Please explain your opinion.

- I would not see the CIS market as a whole, but more on a country by country basis and on those terms obviously the main opportunities are in Russia, Ukraine, Kazakhstan and Belarus (to name just a few); countries with bigger populations and with a stronger customer base (in terms of income and gaming culture). As long as the different markets are at this moment underdeveloped, there is of course opportunities for several of the main gaming groups in Western Europe (British, French, Germans, Austrians, etc.) but I do not see them entering the CIS countries without local partners. In my view, there is a lot of work to be done in terms of building trust, social connections, and comprehension of the business environment from the part of the foreign operators before starting operations in the CIS countries.

2) What can the European/American and CIS businessmen offer one another? What are the opportunities and risks?

- Obviously both the American and the Western European operators are more experienced, they have been involved in the gaming sector for more years, and depending on the country, they do have specific expertise in running different formats of casinos (from the classical, pure gambling operation to the more sophisticated integrated resorts that you find in Las Vegas, Macau, etc.). I do think that there is a natural divide when thinking about the possibility of potential partnerships between western operators and CIS businessmen, the former would provide the operational know how (CRM systems, management staff, operational procedures, product mix and configuration, etc.) and the latter - their understanding of the business/political environment, and the social/political connections to get things done. In my experience, those partnerships are quite difficult to maintain over the long term, so it would be smart to have a clause that specifies the potential sale of the partnership to the other part when the time comes.

- Regarding the opportunities and risks, I do see the potential of a mature collaboration once the proper bond of trust has been built between the partners of developing attractive and well-designed venues that will be managed professionally with a long-term focus. Over time, well-managed operations are profitable for the corporations behind them and provide the customer with a genuine and enjoyable casino experience, apart from generating taxes for the government and have a positive impact on their communities through social initiatives financed by casino operators. Obviously, the main risk is losing the investment, I was involved directly in a partnership between a Spanish operator and Mexican businessmen in 2012-2014, and that was the perfect example of how not to do things, in the end, the Spanish operator lost millions of Euros, the operation never opened (although it was built and ready to operate) and the Mexicans walked away almost unharmed.

3) How will the CIS gambling market develop in the future? What trends can be observed?

- I hope that each country will establish a proper legal environment for operators according to the nature of their economies, for example, the integrated resorts model is not for everybody, every country should adapt their laws to the needs of its populations. Most probably in the long term, the decisions made by the biggest countries (Russia, Ukraine, Kazakhstan) will set the path for the rest, because depending on what they do, that will create opportunities in the surrounding countries or not.

- The way I see it now, the developing of specific gaming zones is the main trend in the CIS market, and probably, at this point in time it is the right thing to do. Most probably, Russia is not ready yet to have casinos in every city, for me it is a question of maturity of the economy and the social fabric of each country; for more than 45 years, gaming in the USA was allowed only in the state of Nevada, nowadays there are casinos almost in every state and Indian reservations. Regarding the customer base, I think that for some time, until the economies of the CIS countries develop more, casino venues will be targeted towards VIP customers and will offer a luxury product (high limits, credit lines, refunds and so on).

4) You have an insider knowledge of the casino market. What do you think is the problem of gambling development in the CIS?

- From the distance, what I can see is the weakness of the gaming regulation and business environment, there are no clear rules in most countries; so potential investors both local and foreign are afraid of losing their investment. Most of the CIS countries are relatively new, they have a lot of things to fix before gaming, and that is quite understandable; for me, it is a question of priorities, what to do first. Most probably, the gaming agenda is a secondary issue within the general regulation of the economic activities in most of the CIS countries, however as an industry we have to defend our interest in a proper manner, and work side by side with government institutions in order to design and implement a legal framework that will give gaming operators confidence and stability. Once the legal infrastructure is in place, the investments will flow into the economy of the different CIS countries improve.

When looking at my responses, take into account that I have never worked directly in a CIS country, my European experience is related to the United Kingdom, Spain and Croatia.

5) Why are you interested in attending the Russian Gaming Week 2017? What do you expect from the conference?

- I really like the country, its culture, gastronomy and the sophistication of its people (speaking in general terms), more specific to the conference; I hope to learn a little bit more about the potential opportunities for business in the region and to establish professional connections with local businessmen/casino executives.

6) How would you impress attendees at the conference? What new things could they learn?

- Well, it would be very naïve from my part to tell the local operators how to conduct business in their markets (I managed several casinos in Croatia in the past, which is a relatively close market, but that doesn´t mean that I have some kind of special knowledge that relates to CIS operators); what I will try to do is to give some ideas or principles that from my point of view could serve them to operate their venues with a long-term focus, something that new operators normally do not take into account. Every time that a new city or region is exposed to a full-fledged casino venue, people gamble very aggressively, and over time many customers get burned in the process, something that is not healthy nor desirable for the gaming operators. My presentation covers several topics related to the protection of the customer and how to improve the gaming experience, everyone knows the potential negative effects of having a gaming offer right at your doorsteps, but there are actions and policies that could help to reduce them, and that is what my presentation is about.

- I hope that the attendees will discover several ideas that will help them when conducting their day to day operations (my presentation is directed towards casino operators and executives), including: what can they do to minimize problem gambling in their customer base, which information should we provide to the customers in order to extend their life cycle, what can they do to improve the gaming experience both in table games and slots and how to train casino management, just to name a few.



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Why prediction markets are going mainstream with Kalshi CEO Tarek Mansour
Play Video: Why prediction markets are going mainstream with Kalshi CEO Tarek Mansour


Kalshi (https://techcrunch.com/video/how-kalshi-helped-prediction-markets-go-mainstream/) is the largest prediction market in America, building a unique trading economy around political, sports, and cultural events. While some states view it as an illegal operation requiring gambling licenses, others—including certain courts and members of the Trump administration—see it as a groundbreaking financial opportunity. On this episode of Equity (https://techcrunch.com/podcasts/equity/) , Max Zeff sits down with Kalshi CEO Tarek Mansour at the latest StrictlyVC event in San Francisco. Mansour shares why he sees Kalshi as a global source of truth. Listen to the full episode to hear more about: • How Kalshi is creating a new trading economy around political and cultural events. • The regulatory challenges and opportunities that prediction markets face. • Mansour’s vision for Kalshi as a global tool for decision-making and transparency. • The controversy surrounding Kalshi’s status and its ongoing legal battles. Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.  Subscribe to us on Apple Podcasts (https://itunes.apple.com/us/podcast/id1215439780) , Overcast (https://overcast.fm/itunes1215439780/equity) , Spotify (https://open.spotify.com/show/5IEYLip3eDppcOmy5DmphC?si=rZDFHv2sQUul_g94iCRgpQ)  and all the casts. You also can follow Equity on X (https://twitter.com/EquityPod)  and Threads (https://www.threads.net/@equitypod) , at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here (https://techcrunch.com/podcasts/equity/) . Learn more about your ad choices. Visit megaphone.fm/adchoices (https://megaphone.fm/adchoices)

Published: 9th Apr 2025 03:46:56   By: TechCrunch

Technology Media Video: Kalshi CEO Tarek Mansour on why prediction markets went mainstream┃StrictlyVC SF

Kalshi CEO Tarek Mansour on why prediction markets went mainstream┃StrictlyVC SF
Play Video: Kalshi CEO Tarek Mansour on why prediction markets went mainstream┃StrictlyVC SF


Kalshi is the largest prediction market in America, creating an entire trading economy around political, sports, and cultural events. To some, including several states, it's an illegal effort that requires gambling licenses. To others, among which include some courts and members of the Trump administration, it's just a new financial opportunity. TechCrunch Senior Reporter Maxwell Zeff covered all of that, and much more about Mansour's perspective on why he views Kalshi as a global source of truth, in a StrictlyVC event in San Francisco. StrictlyVC brings together the most important insights and most notable figures across a wide range of tech companies, and it's now a part of TechCrunch. Sign up for the StrictlyVC newsletter here: https://strictlyvc.com/newsletter/ And keep tabs on future Strictly VC events here: https://techcrunch.com/events/

Published: 4th Apr 2025 05:21:01   By: TechCrunch

Technology Media Video: Mach CEO Ethan Thornton on what it's like to run a defense tech company in your 20s┃StrictlyVC SF

Mach CEO Ethan Thornton on what it
Play Video: Mach CEO Ethan Thornton on what it's like to run a defense tech company in your 20s┃StrictlyVC SF


Mach CEO Ethan Thornton has been building weapons systems of varying shapes and sizes since high school, but his ambitions have turned into a company that recently landed a contract with the US military and a plan to develop cross-functional factories. TechCrunch Senior Reporter Charles Rollet interviewed Thornton during the StrictlyVC 2025 event in San Francisco, exploring the Mach's plans, its focus on competing with China, and yes, that early weapon development. StrictlyVC brings together the most important insights and most notable figures across a wide range of tech companies, and it's now a part of TechCrunch. Sign up for the StrictlyVC newsletter here: https://strictlyvc.com/newsletter/ And keep tabs on future Strictly VC events here: https://techcrunch.com/events/

Published: 4th Apr 2025 05:20:55   By: TechCrunch

Technology News Analysis Video: Nvidia CEO Huang Heads to China, Archer Aviation's Air Taxi Plans | Bloomberg Technology

Nvidia CEO Huang Heads to China, Archer Aviation
Play Video: Nvidia CEO Huang Heads to China, Archer Aviation's Air Taxi Plans | Bloomberg Technology


Bloomberg's Ed Ludlow details the pressures facing Nvidia and the semiconductor sector as CEO Jensen Huang heads to China. And, Archer Aviation unveils a new air taxi plan to transform NYC's skies. Plus, Wall Street eyes streaming as a tariff safe-haven ahead of Netflix earnings. -------- "Bloomberg Technology" is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. Like this video? Subscribe and turn on the notifications for Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGRzfILkSd-YiWfsoloCETAe Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Follow Ed Ludlow on Twitter here: https://twitter.com/EdLudlow Follow Caroline Hyde on Twitter here: https://twitter.com/CarolineHydeTV Connect with us on... Twitter: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/

Published: 17th Apr 2025 08:05:43   By: Bloomberg Technology

Technology News Analysis Video: Google partially loses US advertising tech antitrust case#shorts #technology #google

Google partially loses US advertising tech antitrust case#shorts #technology #google
Play Video: Google partially loses US advertising tech antitrust case#shorts #technology #google


Google was found by a federal judge to have illegally monopolized some online advertising technology markets in a blow to a key part of the company’s business. Ed Ludlow and Kailey Leinz report on Bloomberg TV http://bloom.bg/4cBQqgP

Published: 17th Apr 2025 07:04:26   By: Bloomberg Technology

Technology News Analysis Video: Air Taxis Could Be Coming to New York City

Air Taxis Could Be Coming to New York City
Play Video: Air Taxis Could Be Coming to New York City


Adam Goldstein, CEO and co-founder of Archer Aviation unveils their latest plans to transform the NYC Air Taxi landscape, linking Manhattan to major airport. He joins Ed Ludlow on "Bloomberg Technology". -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg   Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxokJ   Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on... X: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/   Follow Ed Ludlow on X here: https://twitter.com/EdLudlow Follow Caroline Hyde on X here: https://twitter.com/CarolineHydeTV   Listen to the daily Bloomberg Technology podcast here: https://www.bloomberg.com/podcasts/series/bloomberg-technology   More from Bloomberg Business Connect with us on... X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ TikTok: https://www.tiktok.com/@bloombergbusiness

Published: 17th Apr 2025 05:55:33   By: Bloomberg Technology

Technology News Analysis Video: Wall Street Sees Netflix as a Safe Haven

Wall Street Sees Netflix as a Safe Haven
Play Video: Wall Street Sees Netflix as a Safe Haven


Magalie Grossheim, M Science Senior Research Analyst says Netflix remains a retention leader among peers as investors look to the streaming giant as a safe haven against tariffs that are roiling financial markets. She joins Ed Ludlow on "Bloomberg Technology" to discuss. -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg   Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxokJ   Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on... X: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/   Follow Ed Ludlow on X here: https://twitter.com/EdLudlow Follow Caroline Hyde on X here: https://twitter.com/CarolineHydeTV   Listen to the daily Bloomberg Technology podcast here: https://www.bloomberg.com/podcasts/series/bloomberg-technology   More from Bloomberg Business Connect with us on... X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ TikTok: https://www.tiktok.com/@bloombergbusiness

Published: 17th Apr 2025 05:33:18   By: Bloomberg Technology

Technology News Analysis Video: Trade War: Investors in 'Watch-and-Wait' Mode

Trade War: Investors in
Play Video: Trade War: Investors in 'Watch-and-Wait' Mode


Jordan Klein, Analyst at Mizuho Americas says investors aren't anxious to buy the dip as tariff uncertainty continues to upend the tech sector. He joins Ed Ludlow on "Bloomberg Technology" to discuss. -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg   Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxokJ   Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on... X: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/   Follow Ed Ludlow on X here: https://twitter.com/EdLudlow Follow Caroline Hyde on X here: https://twitter.com/CarolineHydeTV   Listen to the daily Bloomberg Technology podcast here: https://www.bloomberg.com/podcasts/series/bloomberg-technology   More from Bloomberg Business Connect with us on... X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ TikTok: https://www.tiktok.com/@bloombergbusiness

Published: 17th Apr 2025 05:29:50   By: Bloomberg Technology

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