Tag Archives: Malta Gaming Authority (MGA)

The Malta Gaming Authority (MGA) has permitted BetConstruct to allow player deposits using cryptocurrency, as the firm’s engagement with blockchain continues. The Armenia-based betting technology firm’s white-label partners will be able to receive cryptocurrency deposits, seeking to widen their customer base. Specifically, the company aims to ‘grow its operation’ by targeting players that use cryptocurrencies and ‘increase their satisfaction and …

The Malta Gaming Authority (MGA) has confirmed that its former Chief Technology Officer (CTO) Jason Farrugia and his wife Christine Farrugia have been charged with a range of financial crimes.  These include money laundering, accepting bribes, fraud and trading in influence by abusing his leadership position as CTO of the MGA, according to The Times of Malta.  Additional charges include fraud …

Rohini Sardana has become the latest addition to Pinnacle’s management teams, joining the sportsbook solutions provider’s B2B arm as Business Development Director. In her new position at Pinnacle Solution, Sardana will be responsible for upscaling existing partnerships and delivering the firm’s iFrame Solution and Risk management API to its global partners. Additionally, the new hire will also have oversight over …

The British online betting and gaming sector has gained another company, as online sportsbook and casino operator JeffBet secured market launch. Issuing an update, the online brand revealed that it had been awarded operating licences by both the UK Gambling Commission (UKGC) and Malta Gaming Authority (MGA). The plans to offer UK bettors a ‘wide range of sports betting verticals’ …

The gambling industry has changed substantially over the last few years, most notably with the growing influence of the online sphere on how we consume information and entertainment.  Speaking in the latest SBC Leaders magazine, Betsson Group CEO Pontus Lindwall explained that when he first entered the online gambling industry in 1996, the sector was very much in its infancy. …

The Financial Action Task Force (FATF) will visit Malta this Friday, to clarify whether the island’s financial authorities have completed the assigned action plan on AML policies.  Malta had previously been placed on a greylist of financially risky jurisdictions by the FATF – the G7’s AML and anti-terrorist financing investigative unit – after the task force identified a number of …

Soft2Bet has strengthened its leadership team by appointing Kiril Nestorovski as its new Director of B2B, with responsibility for ‘leading and executing expansion strategies’ across its products and services. In his new position, Nestorovski will lead the firm’s B2B operations in order to find an effective execution to its expansion plans across in new and emerging markets. The firm successfully …

The Malta Gaming Authority (MGA) has warned licensed operators that they are expected to be familiarised with the revised AML Implementing Procedures (IPs) that will be applied by the Financial Intelligence Analysis Unit (FIAU). Last week, the FIAU updated its IPs guidance on AML and compliance duties that are required to be maintained by registered businesses. The revised orders follow …

The Malta Gaming Authority (MGA) has made substantial changes to its key functions requirements by updating standards for licence applications, resignations, appointments and player accounts, among other areas. Having come into force on 20 October, the update means that new licence applicants must inform the authority of the identity of persons at the company who hold the role of CEO, …