The government of Malta has published its action plan to drastically improve AML safeguards and financial compliance duties that have plagued the country’s status as a financial services hub. The action-plan has been required by the Financial Action Task Force (FATF) of the G7, which this summer placed Malta on its ‘grey-list’ of untrustworthy financial jurisdictions. An FATF evaluation of …
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LeoVegas backed start-up SharedPlay has announced its first senior appointment, recruiting Jacqui Gatt as Chief Operating Officer (COO). Gatt the former Director of Gaming Operations for Casumo Malta, joins SharedPlay as the start-up builds the foundations of its B2B solution which aims to optimise multi-player gaming opportunities, engagements and experiences for online operators. Expanding its leadership team, SharedPlay highlighted Gatt’s …
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The Malta Gaming Authority (MGA) has disclosed that it has invoked article-10 of its ‘Gaming Compliance and Enforcement Regulations‘ to cancel the licence of Evobet Limited. The cancellation has been effective since 16 July, imposed on Evobet Limited the licence holding business of pan-European online sportsbook and casino brand Evobet.com – that has operated under an MGA licence since 2012. …
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Lotto Direct has received a fine from Spelinspektionen, the Swedish Gambling Inspectorate, worth SEK15,000 after offering games on its website that were not covered by its licence. An investigation by Spelinspektionen deemed that Lotto Direct had ‘violated the terms of the company’s license’ and that the violations were a deliberate flout of Swedish legislation, for which it has also received a formal warning. …
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The decision by the Financial Action Task Force (FATF) to place Malta on a greylist of financially untrustworthy countries has had a major impact on the reputation of companies based there, according to a panel speaking at a recent SBC Webinary. Sharing their views with Joe Streeter, Editor of Payment Expert, Enrico Bradamente, CEO, at Maverick Slots; James Scicluna, Co-Managing Partner at WH Partners; and Yanica Sant of the General Counsel, Malta Gaming …
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Lottstift has issued a stern warning to BLM Group, the Malta-based marketing subsidiary of Betsson AB, ordering the company to terminate all activities targeting Norwegian consumers. Norway’s gambling regulator has cited multiple instances of BLM Group infringing Norway’s advertising codes to promote the brands of Betsson, Betsafe, NordicBet, CasinoEuro and Norgesautomaten. Norwegian laws prohibit any marketing of online gambling services, …
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The greylisting of Malta by the the Financial Action Task Force (FATF) has had no immediate impact on the island’s ratings or those of its domestic rated banks, according to Fitch Ratings. However, the firm did acknowledge that the greylisting demonstrates structural weaknesses in Malta’s anti-money laundering infrastructure, and the Mediterranean territory will be required to demonstrate progress on a …
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iGaming Academy has signed a new partnership with UK-based Rubik Talent which will focus on addressing the “digital talent shortage felt across the iGaming industry”. Through the agreement, Rubik graduate trainees will benefit from an “industry focused iGaming education” before they proceed to full stack software development or data engineering as part of the Rubik Academy. In a statement, the …
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The Malta Gaming Authority (MGA) has announced that it will streamline all return-to-player % (RTP %) across online and land-based games offered by licensed operators. The decision will see the MGA lower its existing RTP percentage from 92% to 85% – the regulator’s established threshold for land-based gambling premises. The MGA stated that its new RTP ratio requirement had been …
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Having a physical server in a data center is not “core business”. Now, this is a stance which could be attributed to so many companies offering any sort of online service, but it definitely applies to igaming operators increasingly pressured in so many other key areas. As part of this exclusive interview for SBC, Internet Vikings founder Rickard Vikström spoke …
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