Connect with us
BGaming
Playson

Compliance Updates

Malta Gaming Authority Lowers RTP

Published

on

Malta Gaming Authority Lowers RTP
Reading Time: < 1 minute

 

The Malta Gaming Authority (MGA) has amended its Player Protection Directive to lower the minimum return to player (RTP) percentage from 92% to 85%. This will be applicable to both land-based and remote operators.

The new amendments are prepared after a closed consultation with the industry stakeholders, including consultants, business-to-consumer operators and business-to-business operators.. The discussions ranged from the RTP percentage to possible implications of the the percentage change on product offering, operations, and competitive position.

The MGA conducted a comparative analysis of RTP percentages and practises in other jurisdictions  in the EU also.

The organization is the process of publishing a policy paper that summarises the points of stakeholder discussions as well as the comparative analysis. Further amendments are on the cards, especially on protecting minors and other vulnerable persons.

Baltics

Lithuania Approves Creation of Online-only Gaming Licences

Published

on

Reading Time: < 1 minute

 

The Seimas, Lithuania’s legislature, has approved the first reading of amendments that would allow online-only gaming licences in the country.

At the moment, only operators that have a licence to offer land-based gaming can hold a remote gambling permit in Lithuania. Online-only operators must partner with land-based licensees to be able to offer gaming in the country. The new amendments to legislation would introduce a specific online licence that wouldn’t require a partnership.

Operators who wish to apply for a licence would need to hold at least €1.2m in capital in the case of casino gaming, or €289,000 and €144,000 in the case of online sports betting and online horse racing betting respectively.

Meanwhile, a new fee would apply to all kinds of gambling licences. Licensees must pay a fee of €1m on receipt of their licence and an additional payment depending on the type of licence. That payment would be €300,000 for slots, €100,000 for bingo and €500,000 for remote gambling.

The amendments would also require the construction of new slot halls, bingo halls and betting shops to be approved by municipal councils.

The first reading of the amendments was approved with 74 votes in favour, seven against and 39 abstentions. A second reading is still needed before the proposals become law.

Continue Reading

Asia

Esports Officially Recognised as a Professional Sport in Thailand

Published

on

Reading Time: < 1 minute

 

Esports has been officially recognised as a professional sport in Thailand meaning that players and organisations can now be supported by the Sports Authority of Thailand (SAT).

Esports’ popularity has soared in the country with the Thailand E-Sports Federation (TESF) running regular competitions, seminars and workshops.

The sport’s global revenues are projected to surpass $1.5 billion (£1.096 billion/€1.279 billion) by 2023.

The Government involvement could help Thailand become a prime destination for groups like ESL and the Professional Gamers League (PGL) to host their events.

Esports is set to be a medal event at the Hangzhou 2022 Asian Games in China after featuring in the 2018 edition as a demonstration sport.

Continue Reading

Compliance Updates

Dutch Gambling Regulator Imposes €531,250 Fine on Tipico

Published

on

Reading Time: < 1 minute

 

Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a fine of €531,250 on Malta-based Tipico Co. Ltd. for illegally offering online games of chance to Dutch consumers.

The online games of chance were offered via the tipico.com website. A starting fine of 200,000 euros applies for this violation. The fine was increased 3 times by 75,000 euros: once for the bonuses on offer and the large number of games and bets offered, once for the use of an inactivity fee and once for offering live betting.

This form of betting carries a higher addiction risk than bets that can only be made before the start of matches. Furthermore, the fine was increased because the age of the players was not visibly verified. Tipico’s website can no longer be reached with a Dutch IP address.

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.