Connect with us

Compliance Updates

MGA launches Consultation on the Revised Audit Service Provider Guidelines

Published

on

MGA launches Consultation on the Revised Audit Service Provider Guidelines
Reading Time: < 1 minute

 

The Malta Gaming Authority invites the gaming industry, service providers as well as wider interest groups to express their views and provide their feedback in relation to the Revised Audit Service Provider Guidelines (‘Guidelines’).

In 2018, the Authority introduced a process whereby service providers interested in performing relevant auditing work (‘Service Providers’) are required to apply to the MGA for their suitability to be assessed and approved. The process proved to be effective, providing the MGA with the appropriate mechanism to approve independent and competent Service Providers as well as remove or suspend providers in case of unsatisfactory performance. The Authority has recently reviewed the requirements applicable to audit services to ensure that they remain up to date in view of the ongoing developments in the sector and in line with the MGA’s expectations.

In view of the Authority’s commitment to an open and transparent decision-making process, the MGA is issuing this consultation paper to communicate and refine its proposal in relation to revised Guidelines and promote a greater understanding of the proposal itself. The consultation, which will run until 11 November 2021, seeks feedback from the industry in relation to:

  • the amendments introduced in the Guidelines (as listed in Section 3 of the Consultation document); and
  • the extension of the applicability of the Guidelines to statutory audits carried out in accordance with international financial reporting standards as required by Article 41(2) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018).

Following the consultation process, the Authority intends to publish its decision, including the final version of the Guidelines and any other supporting documents, by the end of the year 2021.

Central Europe

ZEAL Receives Licence to Broker Lotteries in Germany Until 2029

Published

on

Reading Time: < 1 minute

 

ZEAL Network SE has been granted a follow-up licence to broker lotteries in Germany for its subsidiary LOTTO24 AG. The responsible gambling authority has informed LOTTO24 that the company may continue to broker lottery products nationwide beyond 30 June 2022 in accordance with the new State Gambling Treaty (GlüStV). The licence is valid for seven years and expires on 30 June 2029.

The licence is the first one under the new State Treaty on Gambling, which came into force on 1 July 2021. LOTTO24 AG’s previous licence, dated 26 July 2017, was extended until 30 June 2022 when the new GlüStV came into force.

“We are pleased about the trust of the federal states. The licence duration of seven years underlines the company’s reliability under administrative law, which has already been proven for ten years,” Dr. Helmut Becker, CEO of ZEAL, said.

The newly granted licence is already the second follow-up licence – after 2012 and 2017. The separate advertising licence required under the previous State Gambling Treaty is no longer necessary. The responsible gambling authority is the Lower Saxony Ministry of the Interior and Sport. On 1 January 2023, the responsibility will change to the new national gambling authority (Gemeinsame Glücksspielbehörde der Länder (GGL)) in Halle (Saale).

Continue Reading

Compliance Updates

SoftGamings’ Sportsbook Solution Gets Licensed by the Malta Gaming Authority

Published

on

SoftGamings’ Sportsbook Solution Gets Licensed by the Malta Gaming Authority
Reading Time: 1 minute

 

SoftGamings is thrilled to announce that another one of its products has received a licence from the Malta Gaming Authority. Namely, SoftGamings’ sportsbook solution powered by BetRadar is now fully licensed by the MGA, bringing fixed odds and live betting within reach of all clients holding a B2C Maltese licence.

By getting approval from the leading regulators in the business, SoftGamings can stay on track with its development plans and tap into a larger pool of potential clients.

Apart from having thoroughly tested and safe sportsbook solutions, SoftGamings’ offer abounds in attractive features that both the operators and users can enjoy. There are over 370,000 pre-match betting events per year across 60+ different sports, including eSports.

Live betting is not far behind either — with thousands of betting opportunities players have at their disposal daily, they can capitalise on the shifting odds as the action unfolds. BetRadar’s software is among the fastest available, allowing players to receive information in real-time in a matter of seconds.

Completely risk-free trading, advanced reporting systems, and a myriad of bonuses and promotions set SoftGamings’ sportsbook solution apart in a competitive market.

As one can expect, the entire team at SoftGamings rejoiced upon hearing the news. Here’s what Dzianis Niasmelau, Head of Sportsbook department, had to say about the latest milestone: “The entire sales team is over the moon about this positive development with the Malta Gaming Authority. Having licensed our sportsbook solution, we had more sway in our negotiations. This allowed us to show our clients that we can offer a fully regulated package through a single unified API. All they have to do is choose and watch us deliver”. To conclude the interview, Dzianis stated: “Expect SoftGamings to continue exploring further jurisdictions and bring only safe and regulated products to those markets.”

Continue Reading

Compliance Updates

Leap Gaming Licensed in the UK

Published

on

Leap Gaming Licensed in the UK
Reading Time: < 1 minute

 

Leap has just received a Supply License by the UKGC.

“We are pleased to announce that Leap received a content supply license by the UKGC.
The long-awaited UK license is a meaningful milestone for Leap, allowing it to access the UK gaming market.

The UKGC license is added to the other recent licenses obtained by Leap in Sweden, Netherlands, Romania , South Africa and Greece.

Yariv Lissauer, CEO of Leap commented: “We are delighted and honored to have been granted the UKGC Supply license. The UK is a very important territory for Leap as it is one of the prime gaming markets in the world.

The UK is a key benchmark and a trendsetter for most of the gaming jurisdiction globally and serves as a hotbed of innovation. Moreover, the UK is also within the footprint of many of our live and contracting partners, and we look forward to rolling out our content there shortly”.

Continue Reading
Advertisement
EvoPlay
Advertisement
Advertisement

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.