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Gaming News Articles

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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Published: 9th May 2025 03:45:58   By: TechCrunch

Technology Media Video: Is Starbase a modern company town? | TechCrunch

Is Starbase a modern company town? | TechCrunch
Play Video: Is Starbase a modern company town? | TechCrunch


Tech billionaires are starting their own company towns where employees never have to leave work again

Published: 9th May 2025 03:14:43   By: TechCrunch

Technology Media Video: A Tale of Two Emerging Markets┃StrictlyVC Greece

A Tale of Two Emerging Markets┃StrictlyVC Greece
Play Video: A Tale of Two Emerging Markets┃StrictlyVC Greece


John Tsioris sold InstaShop to Delivery Hero for $360 million. Nate Clarke took Tyme from startup to global digital bank. In this candid conversation at the StrictlyVC event in Athens, the two entrepreneurs open up about what drives them, how they're choosing their next bets, and why they're investing in ecosystems that others overlook. 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: 9th May 2025 01:15:02   By: TechCrunch

Technology Media Video: Built in Europe: Scaling ambition from the ground up┃StrictlyVC Greece

Built in Europe: Scaling ambition from the ground up┃StrictlyVC Greece
Play Video: Built in Europe: Scaling ambition from the ground up┃StrictlyVC Greece


From cybersecurity and aerospace to generative 3D, startup leaders are scaling ambitious companies from European soil and taking on global markets. In this conversation at the StrictlyVC event in Athens, we talked to three founders about what it takes to go from idea to impact while navigating the continent's unique challenges—and why building in Europe is no longer a constraint, but a competitive edge. The conversation includes... Konstantna Psoma: Founder and CEO, Kaedim Haris Pylarinos: Founder and CEO, Hack the Box Simon Schaefer: Founder / Co-Initiator, Factory / EU Inc. Petiton 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: 9th May 2025 12:45:06   By: TechCrunch

Technology Media Video: Why Greece, why now: Betting big on the country's next round of founders┃StrictlyVC Greece

Why Greece, why now: Betting big on the country
Play Video: Why Greece, why now: Betting big on the country's next round of founders┃StrictlyVC Greece


Several of Greece's region's most active early-stage investors joined StrictlyVC and TechCrunch at our event in Athens to share where they're placing bets, how founder expectations are shifting, and why Europe's next wave might be its strongest yet. The conversation explores everything from emerging ecosystems, cross-border growth, and what it takes to win deals in 2025. 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: 9th May 2025 12:15:04   By: TechCrunch

Technology News Analysis Video: David Beckham and Gary Neville Lead New Consortium Taking Over Salford

David Beckham and Gary Neville Lead New Consortium Taking Over Salford
Play Video: David Beckham and Gary Neville Lead New Consortium Taking Over Salford


Gary Neville, former Manchester United and England defender and owner of the Salford City Football Club, and Chairman and CEO of The Consello Group Declan Kelly, sit down with Bloomberg's Caroline Hyde to discuss why they’ve bought Salford City Football Club alongside David Beckham and other business leaders. -------- 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: 9th May 2025 02:59:01   By: Bloomberg Technology

Technology News Analysis Video: Arm CEO Says AI Is 'Not a Bubble'

Arm CEO Says AI Is
Play Video: Arm CEO Says AI Is 'Not a Bubble'


Arm CEO Rene Haas discusses the chipmaker’s outlook following a strong first quarter earnings report. Haas also comments on tariffs, artificial intelligence demand and growing the businesses with Caroline Hyde and Vonnie Quinn on Bloomberg Television. -------- 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: 8th May 2025 08:21:09   By: Bloomberg Technology

Technology News Analysis Video: Do Not Rely on Chinese AI, Says Lux Capital's Josh Wolfe

Do Not Rely on Chinese AI, Says Lux Capital
Play Video: Do Not Rely on Chinese AI, Says Lux Capital's Josh Wolfe


Lux Capital's Co-Founder and Managing Partner Josh Wolfe speaks with Bloomberg's Annmarie Hordern on the sidelines of the Hill and Valley Forum in Washington, D.C. Wolfe talks about why the rest of the world should not rely on Chinese AI models, even as DeepSeek's technology disrupts the AI sector. -------- 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: 7th May 2025 04:51:45   By: Bloomberg Technology

Technology News Analysis Video: Uber CEO Talks Driverless Car Growth and Earnings

Uber CEO Talks Driverless Car Growth and Earnings
Play Video: Uber CEO Talks Driverless Car Growth and Earnings


Uber CEO Dara Khosrowshahi breaks down the company’s earnings report and discusses how driverless cars will increasingly fit into Uber’s business. Khosrowshahi speaks with Caroline Hyde and 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: 7th May 2025 03:32:11   By: Bloomberg Technology

Technology News Analysis Video: IBM Doubles Down on AI, Palantir Falls Short | Bloomberg Technology

IBM Doubles Down on AI, Palantir Falls Short | Bloomberg Technology
Play Video: IBM Doubles Down on AI, Palantir Falls Short | Bloomberg Technology


Bloomberg’s Caroline Hyde speaks with IBM CEO Arvind Krishna about the company’s new product designed to help enterprises manage the growing number of AI agents. Plus, Janet Mui, head of market analysis at RBC Brewin Dolphin, reacts to Treasury Secretary Scott Bessent's testimony where he said that there is no sign of a recession in the US. And a leader in Palantir’s army of loyal retail investors discusses why he isn't concerned about the company’s slow global growth. Chapters: 00:00:00 - Intro 00:03:55 - IBM Expands Hybrid Cloud Options for AI 00:14:10 - RBC Brewin Dolphin Head of Market Analysis Janet Mui 00:32:51 - DoorDash Acquires Deliveroo, SevenRooms -------- "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: 6th May 2025 08:49:49   By: Bloomberg Technology

Blow Us A Whistle




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