The Malta Gaming Authority (herein after the ‘Authority’) is publishing a guidance note to shed light on how it exercises the discretion afforded to it by law in the selection of the nature and scope of enforcement measures it takes when a breach of law is committed. The contents are especially noteworthy to licensees, as…
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Meet us at #SiGMA19 – the World’s iGaming Village. Come and meet us at the MFCC, Malta, between the 27th and 29th November 2019 at Stand no. B60, and get to know how we can help simplify your business needs. At IGA, we are committed to provide the best possible service to our clients in…
Details Following the implementation of the first phase of the Sandbox Regulatory Framework as of 1 January 2019, which established the possibility for authorised persons to be allowed to accept Virtual Financial Assets (VFAs) as a means of payment, the Malta Gaming Authority (MGA) is announcing the launch of the second phase of the Framework. During…
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The Gambling Commission has instigated a review under s116 of the Gambling Act into EveryMatrix Software Limited (operating licence no 039383-R-319384-021). This followed compliance activity which included examining its customer interaction framework. Pursuant to section 118(2) Gambling Act 2005 (“the Act”), the Commission has determined to suspend the above operating licence insofar as it pertains…
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Police have arrested 78 suspects for organised online gambling through computer games in the eastern Anhui province, involving 128m yuan ($18.5m). Chinese authorities received a tip-off about the organisation after an individual lost 300,000 yuan on an online game called “Zork.” A total of 78 suspects were arrested, with 46 of them still being detained…
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The Argentinian province of Buenos Aires recently implemented legislation to regulate online gambling in the country and the industry has already seen a healthy response. It now appears that two more companies are entering the market, hoping to use Argentina as a springboard for further expansion across the country, as well as the rest of…
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Bank of Valletta was preparing for the possible pull-out of ING, its sole remaining provider of correspondent banking services in US dollars, an official confirmed. The official, who asked not to be named, said mitigating measures were being taken over fears that the Dutch bank could pull the plug on its correspondent banking services to…
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Russia is one of the strictest countries when it comes to gambling in general. The industry hasn’t been eradicated completely within the borders of the federation, but restrictions are extremely heavy. Offline casinos cannot touch any market besides 4 pre-assigned regions, which are not that profitable due to distance from Moscow. But what the country…
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Spain’s Acting Ombudsman, Francisco Fernández Marugán, has called for a national gambling advertising ban. Spain’s online gaming market saw gross revenue grow 26% to €699m ($786m) for 2018 and Marugán feels the country’s gambling market is spreading “without control.” Believing gambling should be considered a matter of public health, Marugán wants legislation to look more…
Details The Malta Gaming Authority (MGA) and the Malta Police Force (MPF) have entered into a Memorandum of Understanding (MoU) to further increase and improve the efficacy of their co-operation and to strengthen the exchange of information with regards to gaming operations. This understanding aims to consolidate undertakings in combatting gaming related offences such as instances…
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