Swedish media outlets got a whole lot fatter on unauthorized online gambling advertising cash last year, despite efforts by regulators to clamp down on the activity. Sifo Advertising Measurements and Dagens Media recently released a new analysis of gambling advertising spending in Sweden, which showed overall spending of SEK 5.5b (US$684.5m) in 2017, up significantly…
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In 2016 alone, online gambling generated over $44 billion in revenue, most of the revenue coming from mobile devices. With a projected 5 billion mobile devices and rapid increase in mobile gaming adoption rate, the gambling industry is projected to be worth well over $80 billion by year 2022 and that is for official numbers,…
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Members of congress from the Garden State have penned a letter to the US Department of Justice (DOJ) voicing their opposition to any plans by the Trump administration to clampdown on states allowing regulated online betting. Proponents of a ban on regulated online betting are calling for the introduction of Restoration of America’s Wire Act…
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Shortly after revealing a proposal to tax bitcoin investors to make it fair on traditional investors who have to deal with the government taking one-third of their earnings, Portuguese consumer watchdog DECO has stressed that the country’s banks have “no known legal basis” to block bitcoin-related transactions. As CCN recently reported, the Portuguese branch of…
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In the coming weeks Malta is launching the world’s first legal framework for the creation of a body to regulate Blockchain, Artificial Intelligence, and IOT devices. Parliamentary Secretary Silvio Schembri announced at the Unlock Blockchain conference in Dubai that the government had worked closely with the industry to come up with a legal framework that…
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Join us at ICE London 2018 – the biggest iGaming event of the year! IGA is a one stop shop to provide you with a turnkey solution for the acquisition of a Gaming License from different jurisdictions including Malta. Our advisory will assist you to set up the whole process of your operations irrespective if…
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The Malta Gaming Authority (MGA) is continuously analysing ongoing developments in the fields of Distributed Ledger Technology (‘DLT’) and cryptocurrencies including their application in various technology and innovation driven industries. Conscious of the need to remain at the forefront of innovation and to keep up with new developments in these technologies within the gaming industry,…
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The Malta Financial Services Authority has today issued a Discussion Paper on Initial Coin Offerings (ICO), Virtual Currencies (VC) and Services Providers. The purpose behind this paper is to present a policy to the industry for the regulation on ICOs, VCs and service providers involved in ICOs and/or other VC activity. Currently the MFSA is…
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The Malta Financial Services Authority has published a discussion paper on initial coin offerings (ICOs), Crypto Currencies and related service providers. Should you wish to discuss anything please do not hesitate to get in contact with us on [email protected], or visit our website for further information. Consultation MFSA document can be downloaded here Issued: 30…
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A multimillion-euro online gambling racket involving parlours across Italy was directly connected to a server hosted by a Qormi-based company, the Times of Malta was told. Months-long investigations by the Italian fiscal police led to the arrest of seven people suspected of involvement. They included Massimiliano Fullin and Fabio Veglianetti, directors of Medialive Limited, which…
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