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New gambling law in Malta from July 1

Niji Narayan

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Reading Time: 2 minutes

After a three-month standstill period in the European Commission, the new gambling law will come into force in Malta on July 1.

The act was proposed in the Maltese Parliament this spring and introduced to the EC for an obligatory review. It aims to dismantle the country’s current gambling regulatory system. The existing system grants licenses in several classes, but the proposed system will only have two categories of licenses: a business-to-business (B2B) one and a business-to-consumer (B2C) one, depending on the focus of applicants’ operations.

The new Gaming Act comes as the first revision of Malta’s gambling legislation in fourteen years and was initiated by the Malta Gaming Authority’s former Executive Chairman, Joseph Cuschieri.

Mr. Cuschieri assumed office at the island nation’s gambling regulator in the fall of 2013. Earlier this year, he was appointed CEO of the Malta Financial Authority, which required him to leave his post at the MGA. He was replaced by former MGA Chief Operations Officer Heathcliff Farrugia.

Aside from introducing a simplified licensing system, Malta’s new Gaming Act provides the MGA with extended regulatory powers and enforcement functions. The regulatory body will thus be able and expected to implement stricter rules and tools for countering money laundering, terrorism financing, and other illicit financial flows often associated with the gambling industry.

What’s Next for Malta’s Gaming Industry?

Malta has become an important gambling hub in the years since its gaming law was last revised. The nation’s gambling industry currently represents 12 per cent of its annual GDP and is poised to grow in the coming years.

The new Gaming Act is expected to facilitate the process of providing gaming services from Malta by introducing a simplified licensing process and thus boost the growth of the nation’s gaming industry even further. The new law also aims to bring Malta’s regulatory regime in line with the current iGaming landscape and demand for iGaming services.

The new regulatory regime is now set to come into effect from July 1, 2018 for remote gambling operations, and from January 1, 2019 for land-based businesses. It is also important to note that providers of B2B services will be exempt from taxes under the new regulations. That particular language in Malta’s new law aims to turn the nation into an even more attractive tech hub.

While the island nation is already home to some of the world’s largest online gambling companies, it is expected that Gibraltar’s uncertain post-Brexit future could result in industry stakeholders reducing their presence in the British Overseas Territory or leaving it altogether in favour of opening or extending their Malta operations.

Reports emerged last month that bet365 might be gearing up to leave Gibraltar and relocate its operations to Malta where it already runs business. The company denied those reports by confirming plans to expand its business in Malta but not at the expense of its Gibraltar operations.

 

Source: CasinoNewsDaily

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Compliance Updates

Swedish regulator slaps penalty on Paf and Genesis Global

Niji Narayan

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Swedish regulator slaps penalty on Paf and Genesis Global
Reading Time: 1 minute

 

Spelinspektionen, the gaming regulator of Sweden, has fined gaming companies Genesis Global Limited and Paf Consulting Corporation for their failure as per the new gaming act in the country, which became effective from 1 January 2019, all gaming companies with a Swedish license should join the self-shutdown registry.

The first few days after the launch, the Gaming Inspector was contacted by people who had been able to play even though they had shut down in the register. The Gaming Inspectorate, which provides Spelpaus.se, then initiated supervision. Now, the Gaming Inspectorate has decided on a penalty fee for the license holders Genesis Global Limited and Paf Consulting Corporation: Genesis receives a warning and a penalty fee of SEK 4,000,000. Paf receives a remark and a penalty fee of SEK 100,000.

Genesis provides games on the sites casinojoy.com, spel.com, casinocruise.com, spinit.com, sloty.com, vegashero, com, pelaa.com and casinogods.com Paf provides games on the websites paf.com and paf.se.

Those who join Spelpaus turn off from all licensed games in Sweden that require registration. In addition, gaming companies must not send direct mail to those who have turned off.

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Compliance Updates

GameArt Awarded Spanish GLI Certification

George Miller

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GameArt Awarded Spanish GLI Certification
Photo Source: soloazar.com
Reading Time: 1 minute

 

Trailblazing slot game developer GameArt has announced it can now offer its games in the regulated Spanish market, after being awarded certification by the Spanish Directorate General for the Regulation of Gambling (DGOJ).

To qualify for the certification, GameArt was thoroughly evaluated by highly respected UK-based Gaming Laboratories International (GLI), confirming that its slots met the most exacting standards, as required by the Spanish regulator.

Discussing the development CEO of GameArt, Maja Lozej, said:
“With the Spanish gaming market going from strength-to-strength, we are delighted to be able to offer players there the chance to experience some of the world’s most exciting and innovative slots. Gaining the certification also once again demonstrates that GameArt is creating compliant games that meet the most stringent international standards.”

GameArt’s expanding portfolio of slots is expected to be a big hit in the Spanish market, with the latest release, Circus of Horror, expected to be particularly appealing given its immersive gameplay, atmospheric graphics and chilling soundtrack.

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Compliance Updates

The MGA publishes a Preliminary Market Consultation Document to request information on projects for a Unified Self-Exclusion System

George Miller

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The MGA publishes a Preliminary Market Consultation Document to request information on projects for a Unified Self-Exclusion System
Reading Time: 1 minute

 

The Malta Gaming Authority (MGA) has recently issued a Preliminary Market Consultation (PMC) document to request information pertaining to possible project implementations which could provide a Unified Self-Exclusion System to be applied to the regulated gaming industry in Malta. The PMC document may be accessed via the Maltese Government’s Electronic Public Procurement System (ePPS). All submissions are also to be sent through the ePPS.

Responsible gaming is a key priority within the MGA’s regulatory policy development and framework. Following upon the White Paper to Future Proof Malta’s Gaming Legal Framework published in July 2017, the MGA is pursuing tools and means to further strengthen the protection afforded to players. These initiatives include the recently published Player Protection Directive, and the Alternative Dispute Resolution Directive, as well as our declared intent to launch a Unified Self-Exclusion System across gambling operators, irrespective of channel.

The MGA envisages that a Unified Self-Exclusion System would be a significant step forward in the MGA’s agenda to implement further control for the prevention of gambling-related harm, extending the criteria in Part IV of the Player Protection Directive, and Part IV of the Gaming Premises Regulations. The scope and high-level specifications of the Unified Self-Exclusion System can be accessed via the PMC document.

Interested parties are encouraged to follow the following steps:

Important: Interested parties may wish to contact the MGA for support on pmc.mga@mga.org.mt should difficulties to register correctly or upload/download documents from the ePPS, persist.

The closing date for this preliminary market consultation process is 31 May 2019.

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