Tag Archives: MGA

Malta MGA fines Blackrock Media €2.4m for servicing unauthorised transactions

The Malta Gaming Authority (MGA) has sanctioned a €2.4 million penalty charge on Blackrock Media Limited for ‘operating gaming services through a Maltese legal entity without being in possession of the necessary authorisation’. The penalty charge follows a joint investigation undertaken by the MGA and Malta’s Executive Police force, which uncovered that Blackrock Media had processed payments to and from …

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IBIA to share betting information with MGA’s Sports Integrity Unit

Sports Integrity Unit

The International Betting Integrity Association (IBIA) has signed a betting integrity information sharing agreement with the Sports Integrity Unit, a new unit launched by the Malta Gaming Authority (MGA) this summer as part of an initiative to increase the focus on the fight against the manipulation of sports competitions. The Memorandum of Understanding (MoU) is the first agreement between the …

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Stanislav Silin, Altenar: Defying regulatory challenges to hit 2019 high notes

Altenar

Stanislav Silin, CEO at Altenar, reflects on a successful year for the sportsbook software provider, which saw it obtain key licences with the Malta Gaming Authority (MGA) and UK Gambling Commission (UKGC), and defy challenging conditions in both Italy and Sweden to launch four regulated customers across the two markets. SBC: What are the key highlights for Altenar from 2019? …

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MGA seeks to strengthen cooperations as Malta Politics is rocked by further corruption claims

Michele Magro, General Counsel of the Malta Gaming Authority (MGA), has confirmed that the regulator will work with Italy’s ADM Customs Agency and further authorities to ‘eliminate criminal infiltrations in online gambling’. Magro confirmed to Italian betting news source AgiproNews that MGA officials had met with Italian counterparts in Rome to discuss regulatory cooperation and further information sharing to strengthen …

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BetConstruct’s Live Casino games get MGA approval

MGA

Soft Construct (Malta) Limited, trading as BetConstruct, has secured approval from the Malta Gaming Authority (MGA) to supply Live Casino games to MGA licensed operators and B2C customers.  Malta, said BetConstruct, is one of the key jurisdictions for gaming. It explained that the latest certification “powers the company to extend its scope of operation by offering a unique live casino …

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Malta MGA sets new benchmark classifying start-ups

Updating the market, the Malta Gaming Authority (MGA) has amended several provisions of its ‘Gaming Licence Fee Regulations (2018)’ updating conditions and criteria related to its MGA legislative frameworks. Publishing its 2019 amendments, the MGA focuses on the definition of start-up businesses working within its jurisdiction, in which the regulator has expanded the criteria and requirements for incumbents to be …

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Malta MGA publishes Brexit guidance

The Malta Gaming Authority (MGA) has published its licensee guidance on the ‘impact of the UK’s exit from the European Union’. Updating stakeholders, the MGA details that its Brexit guidance solely relates to affairs within its regulatory remit and that licensees should be aware of further business consequences resulting from Brexit. The MGA advises licensees to review UK and EU …

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David Clifton: Licensing Expert – Betfred penalty raises multi-market concerns

The announcement by the UK Gambling Commission (UKGC) that Gibraltar-based Betfred.com is the most recent recipient of a hefty financial penalty for AML failings has served to raise once again the question why so many overseas-based remote operators have run into such problems with the UK regulator. In the Betfred case, it has not just been a case of concern …

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ThePOGG complaints returns $2.5m to online gambling players

Online gambling community, ThePOGG.com has revealed that its player complaints services have returned over $2.5 million back to punters in betting-related consumer disputes. Updating the market, ThePOGG marks the figure as a major milestone achieved for the service which has been in operations for four years. Since its launch, the ThePOGG has recorded a 150% increase in players utilising its …

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Malta MGA launches next phase of crypto testing environment

The Malta Gaming Authority (MGA) has announced that it will advance its research and resources of cryptocurrency capabilities aiding Malta’s regulatory development of online gambling incumbents. Updating stakeholders, the MGA announces that it has launched the second phase of its ‘Sandbox Framework’ initiative, exploring the capacity of authorising ‘virtual financial assets’ as a means of payment, along with further blockchain-centric …

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