Tag Archives: MGA

Italy welcomes launch of new online gambling regime

Italy

Italy has officially launched a new licensing regime for online gambling concessions, completing phase-1 of the government’s reorganisation of the gambling sector in 2024. The final approval of Italy’s new licensing regime was documented via the EU’s Official Journal, authorising the Italian government’s procedure to award new nine-year licences for online gambling concessions. Submitted to the European Commission (EC) in …

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MGA: Betting industry ‘thrived sustainably’ in 2023 report

SBC News MGA: Betting industry ‘thrived sustainably’ in 2023 report

The Malta Gaming Authority (MGA) has highlighted the performance of Maltese land-based and online gaming industries in 2023. Publishing its Annual Report and audited Financial Statements up to 31 December, an overview of the Authority’s accomplishments was detailed whilst offering a medium-term outlook for the future. MGA CEO, Charles Mizzi, commented: “It is not a coincidence that the theme for …

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MGA awards first ESG Seals to Malta licensees

SBC News MGA awards first ESG Seals to Malta licensees

The Malta Gaming Authority (MGA) has revealed that 14 operators have achieved its new environmental, social and governance (ESG) reporting standard during its inaugural year. The ESG Code Approval Seals were announced a year ago at the launch of the regulator’s voluntary ESG Code of Good Practice, which invited licensees to submit their ESG disclosure returns. In detail, the code …

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Malta opinion sees Italy delay yet guarantee regime change for online gambling

SBC News Malta opinion sees Italy delay yet guarantee regime change for online gambling

The European Commission (EC) has extended the ‘standstill period’ for Italy’s new tender for online gambling concessions until 18 November. The decision follows a ‘detailed opinion’ submitted by the government of Malta, raising concerns over the technical and compliance requirements for B2B businesses in Italy’s new licensing framework for online gambling. The Malta Gaming Authority (MGA) argues that Italy will …

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LeoVegas nets Carl Brincat as new Policy and Regulatory Affairs lead

SBC News LeoVegas nets Carl Brincat as new Policy and Regulatory Affairs lead

LeoVegas AB has confirmed the inbound appointment of Carl Brincat, former Chief Executive of the Malta Gaming Authority (MGA), as the new Director of Policy and Regulatory Affairs. Joining in August, Brincat will form part of LeoVegas’ regulatory compliance team led by Chief Legal Officer (CLO) Abby Cosgrave. An expert in all disciplines related to igaming policies, licensing, and the …

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St8 delivers global expansion plans with MGA approval

SBC News St8 delivers global expansion plans with MGA approval

The Malta Gaming Authority (MGA) has granted a recognition notice to St8.io as the content aggregator continues its global expansion plans. St8 will now be able to provide its platform within the MGA’s framework, marking the latest step in the aggregator’s rapid growth since launching less than two years ago. St8.io CEO, Vladimir Negine, commented: “Receiving this approval from the …

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Betby provides sportsbook solution to Winnerz following MGA approval

Betby logo on building

Betby has announced a partnership with Winnerz to provide its sportsbook solution and proprietary esports feed solution to the Estonian online casino brand. The long-term deal follows the provider’s approval earlier this year from the Malta Gaming Authority (MGA). This allows Betby to provide its esports odds feed – consisting of pre-match and live odds, round-the-clock content coverage, statistics hub, …

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MGA revokes Tipbet licence with immediate effect

SBC News MGA revokes Tipbet licence with immediate effect

The Malta Gaming Authority (MGA) has revoked the licence of Tipbet Limited with immediate effect. On 20 May, the MGA cancelled the licence authorisation of Tipbet Limited, reference MGA/B2C/303/2015. Founded in 1995, Tipbet is one of the oldest online sports betting firms, with its headquarters in Gzira, Malta. TipBet operates as a pan-European operator with a presence in the markets …

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MGA: Malta MLROs require deeper training on nuanced AML threats  

SBC News MGA: Malta MLROs require deeper training on nuanced AML threats  

The Malta Gaming Authority (MGA) has recognized that, although licensees have a sound understanding of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations, there are still significant gaps that need addressing to maintain a risk-based approach to financial threats. This observation stems from the completion of a thematic review of Malta’s remote gambling sector by the MGA …

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Malta NRA notes igaming AML improvements but stresses financial flow monitoring 

SBC News Malta NRA notes igaming AML improvements but stresses financial flow monitoring 

The government of Malta has detailed that it has strengthened policy and compliance in the gambling sector to minimize exposure to threats and vulnerabilities stemming from money laundering (ML) and terrorist financing (TF). Measures were outlined by the ‘National Risk Assessment (NRA) on Money Laundering (ML) and Funding for Terrorism (TF)‘, a review of financial risks across Malta’s business sectors. …

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