Tag Archives: malta

The Financial Intelligence Analysis Unit (FIAU) of Malta has ordered Malta MGA licensee Glitnor Group to pay €236,789 for non-compliance with Anti-Money Laundering (AML) rules.  The penalty is related to a compliance review carried out in 2019, and includes a reprimand in line with Regulation 21 of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR). The FIAU …

The Parliament of Malta has approved the passage of Bill.55, that will allow Maltese courts to refuse the recognition and enforcement of foreign judgements related to the online gambling sector. Tabled on 24 April 2023, Bill 55 ‘Gaming Amendment Bill’ has been sponsored by Hon. Silvio Schembri MP Minister for the Economy and European Funds. The Bill has now been …

The UK Gambling Commission (UKGC) has allowed the Malta-based online casino group, Videoslots Limited, to pay a £2m regulatory settlement for breaches in regulatory compliance. This settlement follows the UKGC’s investigation into Videoslots, which focused on the company’s failure to match its LCCP duties from October 2019 to February 2022. The operator was found to have failed to implement AML …

Altenar has announced the appointment of Charlie Williams as the sportsbook’s new Commercial Director. Aiming to expand its global standing, the Malta-based operator selected Williams because of the ‘wealth of experience’ he brings to the position.  He will also promote and expand the company’s commercial activity to increase revenue generation, market share and deliver sustainable growth. Dinos Stranomitis, COO and …

BETBY has announced that Viki Vitanyi has become the sportsbook supplier’s Head of Client Success, as the group continues to add key hires. Vitanyi has acquired a decade of experience in the igaming industry, including a period as the Senior Account Manager at GiG, and most recently a Senior Product Partner at Entain – which owns brands such as bwin, …

Betclic has denied any wrongdoing in relation to an investigation launched by the French Tax Inspectorate (DNEF) into its Malta subsidiary. French news sources reported this week that the DNEF had ‘seized documents from Betclic premises’ in October. These documents are related to the business activities of its Maltese subsidiary, Betclic Enterprises Limited. The Inspectorate initiated an investigation into Betclic …

Stefanos Karakidis has been announced as the new Senior Business Development Manager of Betby. In his new role, after having developed a ‘strong background in the betting industry’ Karakidis will strengthen the group’s senior sales team as it furthers its expansion across the globe. He has held a variety of roles spanning across trading, marketing, and commercial divisions for a …

Cologne law firm Heidland Werres Diederichs (HWD) has announced that it has been put in charge of the insolvency proceedings of Tipster Service GMBH (Tipster Group).  The appointment of HWD has been approved by the District Court of Cologne, which last week received an application for “the initiation of a provisional insolvency proceedings” filed by Tipster Group, the operating company …

Finland’s National Police Board is investigating a Malta-licensed operator charged with undertaking ‘large-scale marketing campaigns’ to illegally target national consumers and breaching gambling laws. The unnamed operator is charged with “aggressively marketing gambling games to mainland Finland residents using multichannel strategies”.  The illegal campaign is alleged to have sent text message promotions to minors, with marketing appearing on Finnish-language affiliate …

This morning, German police and anti-corruption officers raided the Cologne offices of online sportsbook Tipster.de.  The news was broken by Bild.de, which reported that 1,000 officers from the state police force of North Rhine-Westphalia had stormed the office of Tipster.de to search over 100 items. It was reported that “the raid was carried out on suspicion of illegal gambling and …