Malta’s financial regulator has issued a warning aimed to deter cryptocurrency adoption following the installation of the Malta’s first bitcoin ATM. Although the statement asserts that bitcoin is not regulated or authorized, it does not make threats against those who choose to use cryptocurrency. The Media Coverage Garnered by the Nation’s First Bitcoin ATM Has…
Details
New Jersey Senator Ray Lesniak has revealed plans to introduce a bill that would allow the US state to share player pools with other regulated markets around the world. Speaking to local New Jersey media, Lesniak said that although his bill had not yet been written, the legislative piece would seek to remove a clause…
Details
The Portuguese regulator has released figures on the country’s total online gambling revenue indicating an 18 percent decrease in the second quarter, compared to the first of this year. The Serviço de Regulação e Inspeção de Jogos (SRIJ) also showed gross revenue from April to June totaled E25.4m – a significant fall from E31.4m in…
Details
The majority of Kenyans are opposed to a planned increase in tax on gross profit from gambling activities the country. In June, Kenyan President Uhuru Kenyatta signed into law a new tax rate of 35%. Bookmakers were previously subject to a 7.5% rate, while lotteries were taxed at 5%, casino gambling at 12% and competitions such…
Details
Amaya, headquartered in Canada, with offices also in Malta, announced this week that it has completed its planned re-branding from Amaya to The Stars Group. In addition, its headquarters in Montreal will be relocated to Toronto. The company also revealed its updated corporate logo and launched a new site to mark this launch. This includes…
Details
The 2017 edition of ZEST, the main gathering for Malta-based start-ups, will take place on September 19 and 20. The Malta Communications Authority innovation event at the Radisson Blu Golden Sands Resort and Spa, is expected to attract over 500 participants, including start-up founders and CEOs, investors, talent, influencers and support professionals. The event is…
Details
The Malta Gaming Authority (hereinafter the ‘Authority’) is hereby notifying that Star World Limited, remote gaming licence MGA/CL1/1020/2014, has been suspended as of 31st July, 2017. Star World Limited has thus been directed to indefinitely suspend all gaming operations, cease to register new players, suspend all transactions on all websites, including deposits and withdrawals, and…
Details
GAMING CONSULTANTS BUSINESS IN MALTA Gaming has proved to be a successful bet in Malta as several companies are providing this professional development services with an excellent price-to-quality ratio. Of course, the root of such a development is the highly demanding gaming markets around Malta, which has necessitated the need to develop gaming sector and…
Details
Reference is made to the consultation document published on 10 July 2017 by the Financial Intelligence Analysis Unit (FIAU) and the Malta Gaming Authority, on the application of anti-money laundering and countering the funding of terrorism obligations to the remote gaming sector. The FIAU is hereby advising interested parties that the consultation period is being…
Details
William Hill said it was able to record “good progress” against its main strategic priorities during the first half of 2017. In a trading update, William Hill reported that net revenue in the six months to June 30 amounted to £837m (€943.9m/$1.11bn), up 3% on the £814.4m posted in the corresponding period last year. Adjusted…
Details