Tag Archives: MGA

Malta requires Hungary to clarify licensing conditions to EU member states

Malta has become the first EU member state to submit a ‘detailed opinion’ on Hungary’s draft proposals to reform its online gambling laws, ending its state-owned monopoly regime. Last February, the government of Hungary notified the European Commission (EC) of its plans to review draft proposals that will establish a new regime liberalising its domestic online gambling marketplace. Back in …

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Mr Green sees SEK 30m Swedish AML penalty appeal rejected 

Mr Green has had its appeal against Swedish gambling inspectorate Spelinspektionen rejected by the Administrative Court of Linköping. Last Summer, William Hill’s European online gambling subsidiary was fined penalties totalling SEK 31.5 million (€3.1m) by Spelinspektionen for ‘failing to comply with due diligence and AML duties in order to protect customers’. Spelinspektionen ordered Mr Green to pay a SEK 1.5 …

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Soft2Bet awarded licence from the Irish Revenue Commissioners

Casino and sportsbook platform provider Soft2Bet has confirmed this week that it has been given a licence from the Irish Revenue Commissioners, enabling the firm to offer its extensive portfolio of casino games in Ireland.   Soft2Bet’s entry into the Irish market marks yet another strategic move for the operator group which is in the process of expanding its global footprint …

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MGA confirms departure of Dr Sant as General Counsel 

The Malta Gaming Authority (MGA) is looking for a new General Counsel after confirming that incumbent Dr Yanica Sant has chosen to end her four-year tenure as legal lead of the regulatory authority.  Updating stakeholders, the MGA confirmed that Sant would remain in office until February 2022, continuing to fulfil functions that “MGA’s management consider to not give rise to any …

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Italian sting implicates Malta businesses in money laundering network 

Italy’s federal police force has arrested 12 suspects connected to its ‘Operation Game Over II’ criminal investigation of illegal and mafia-associated gambling websites.  A dozen individuals have been charged on counts of criminal conspiracy to carry out the ‘fraudulent conveyance of assets’ through illicit online gambling businesses. Investigators cited that the suspects were processing illegal online wagers via websites belonging …

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FIAU orders new AML commands on Malta business  

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 …

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TebWin prioritises responsible gambling in QPR partnership

TebWin has become the official betting partner of Queens Park Rangers (QPR) for the 2021/22 season. The collaboration sees the blue and yellow logo displayed around the Kiyan Prince Foundation Stadium along with other promotional material. King J. Entertainment is the marketing company behind the Tebwin.com sportsbook, and Business Manager, Pearl Dougal, commented: “We are delighted to be able to …

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Visan Khaniev: Why the quick Alpha Affiliates scale-up is a consequence of sustainable growth

Alpha Affiliates

Alpha Affiliates is scaling up on a rapid level having passed the 1 million active players mark last year. The company, launched in 2012, continues to expand its presence in the affiliate market, now collaborating with 10,000+ partners all over the world. We spoke to COO Visan Khaniev about all things affiliate marketing, including expansion plans, the tightening of regulations, …

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Malta moves forward with Action Plan to repair its AML status  

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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MGA terminates Evobet licence for compliance and business duty failures

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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