Cyprus is experiencing nothing short of a tourism revolution. And, the gaming industry is leading it. Casinos have become one of the island’s major providers as a part of the new tourism strategy which aims to double visitor arrivals, triple its revenue and attract over €20bn of investment by 2030. The hospitality sector is undergoing…
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Reference is made to the White Paper published on 12 July 2017 by the Malta Gaming Authority, proposing major reforms to Malta’s Gaming Legal Framework. The MGA is hereby advising interested parties that the consultation period is being extended from Wednesday 23 August 2017 to close of business on Monday 4 September 2017.
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Australia has proposed a new regulation to limit iGaming services. Legislation would prohibit financial credits for local players at online gaming platforms, which include casino and sports betting sites. The amendment has already been presented in Parliament and it expected to be approved later today. The new bill would handle local operations as well as…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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