Tag Archives: Malta Gaming Authority (MGA)

Kiril Nestorovski to ‘lead expansion strategies’ at Soft2Bet

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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 …

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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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MGA updates requirements for ‘key functions’ positions, integrity and auditing

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, …

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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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Malta gambling sector records growth but economic contribution slips

The Malta Gaming Authority (MGA) has revealed that the country’s gambling sector has recorded one of its highest growth rates in value added relative to other sectors, but is now making less of a contribution to the island’s economy. As detailed in the MGA’s Annual Report and audited Financial Statements for the financial year ending December 31, 2020,  the country’s …

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Malta placed on FATF rogue list following litany of AML discrepancies

Malta has been placed on a greylist of the Financial Action Task Force (FATF) – the global AML and anti terrorist financing unit of the G7.  The EU member state has previously faced international criticism regarding issues such as the Panama Papers scandal, which saw Maltese government figures implicated in establishing offshore companies encountered little legal action, as well as …

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Rubik tackles “digital talent shortage” with iGaming Academy partnership

Rubik tackles “digital talent shortage” with iGaming Academy partnership

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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Malta faces EU sports betting veto withdrawal

Malta may have to withdraw its EU sports betting veto in order to pass the Financial Action Task Force’s Moneyval test, conducted due to concerns that the jurisdiction is a financially unsafe area, safeguarding the interests of Europe’s financial and business communities.  The FATF’s decision, based on a report by Moneyval – which serves as the Council of Europe’s anti-money …

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BetConstruct to incorporate ESA Gaming’s EasySwipe

BetConstruct has struck a partnership with ESA Gaming, incorporating the games provider’s EasySwipe portfolio to its aggregation platform. All operators partnered with the online and land-based casino solutions provider will gain access to ESA Gaming’s expanding portfolio of lightweight mobile titles that have found success in creating brand loyalty and generating revenue for sportsbook platforms. ESA’s swipe-in titles offer bettors …

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ESA Gaming makes Malta entry following MGA approval

ESA Gaming makes Malta entry following MGA approval

ESA Gaming has continued its expansion into regulated gambling markets after securing a supplier licence from the Malta Gaming Authority (MGA). The MGA licence will allow the supplier to distribute its collection of mobile gaming products, including the EasySwipe portfolio, to a range of new partners. “The accreditation of our products by the MGA marks a very exciting step for …

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