The Malta Gaming Authority (MGA) has issued a reminder to licensees regarding the necessary compliance procedures for outsourcing activities related to material supplies, critical supplies and key functions.

According to the Gaming Authorisations and Compliance Directive, licensees must adhere to the Policy for Outsourcing by Authorised Persons. Licensees are required to notify the MGA within 30 days when outsourcing material supplies.

For outsourcing activities deemed to be critical supplies or critical services, prior approval from the Authority is mandatory. This approval must be secured before entering into any agreements, MGA said in a statement.

Outsourcing requests should be submitted through the “Operational – Outsourcing Arrangements” application on the Licensee Portal. Key Function applications need to be submitted directly by the respective Key Person via the “Personal Portfolio” on the Licensee Portal.

Furthermore, if licensees require the MGA’s formal approval for any outsourced business arrangements with third parties, known as “Shared Conduct Agreements,” a specific procedure must be followed to obtain this approval.

SOFTSWISS, a leading software supplier for the iGaming industry, announces its successful South African certification. The company has secured a Letter of Certification (LoC) from the National Regulator for Compulsory Specifications (NRCS) for its Casino Platform and Sportsbook, now certified under the South African B2B manufacture licence. 

This licence was initially obtained by Turfsport, a seasoned South African software supplier with 35 years of industry experience. Earlier this year, SOFTSWISS strategically acquired a major stake in Turfsport, aligning their product portfolios. With this certification, SOFTSWISS expands its offerings in the burgeoning South African market.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “South Africa will be one of the key markets for SOFTSWISS in the coming years. It has immense potential, driven by increasing internet penetration, lower mobile internet costs, and affordable mobile devices. Additionally, the local audience shows a strong interest in gambling, which further supports our decision to expand here.”

According to the InfoQuest survey, sports betting is the most common form of gambling in South Africa, with people placing bets on sports about 12 times a month on average. Casino gambling and horse betting are most popular on weekends, while lottery and online betting happen throughout the week because they are easily accessible online. The survey also reveals that the average gambler engages in three different types of gambling multiple times a month, underscoring the significant role of gambling in South African society.

The recently published SOFTSWISS South African market review highlights a growing interest in esports and fantasy sports, particularly among younger, tech-savvy demographics. Statista reports that 51% of South African survey participants are interested in esports betting, while the National Gambling Board (NGB) notes that 39% are inclined towards fantasy sports betting, especially in popular sports like soccer, cricket, and rugby. These trends align with global patterns and suggest a promising future for these sectors in the region.

The comprehensive SOFTSWISS South African market review is available for free and offers valuable insights into these emerging trends.

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Bitblox – the up-and-coming price prediction games provider on a mission to bring crypto-based betting to the masses – announced today that it has received approval from the Gambling Supervision Committee to supply its content to all Isle of Man-licenced businesses.

Having successfully acquired a licence from the GSC, an organisation which is widely considered to be the gold standard among iGaming regulators, Bitblox will now be able to share its full range of titles with operators and aggregators working in any of the markets covered by the certification.

As such, all IOM-licensed brands wishing to add an engaging new vertical to their existing line-up will now be able to choose from an innovative selection of games that includes Up or Down, Up or Down Turbo, 3 in a Row and BitSlap, all of which are currently available in pool betting format.

Offering a fast-paced and entertaining betting experience that is instantly accessible to crypto aficionados and newcomers to the industry alike, all of these games hinge on a players’ ability to correctly predict how the price of a specific cryptocurrency will fluctuate over a set period of time.

In Up or Down and Up or Down Turbo, bettors will be tasked with guessing whether the price of a token will increase or decrease over a 60 or 20 second interval respectively, while 3 in a Row takes this concept to the next level by enabling users to combine three outcomes for even bigger prizes.

BitSlap, on the other hand, uses the same basic concept as the other three titles, but this time introduces fun characters who fight at the end of the betting round, creating a light-hearted game with mass market appeal that also offers potential for operators to introduce their own branding.

While this exciting game collection is already totally distinct from anything else in the industry, Bitblox has also announced it intends to enhance its product line-up in future by including both free-to-play and real money tournaments that will add an extra level of social engagement to play.

Brandt Page, CEO at Bitblox, said: “Here at Bitblox we’re attempting to introduce an entirely new form of crypto-based betting to the iGaming industry, so having our titles certified by the Isle of Man’s GSC is obviously a huge step forward in terms of what we’re hoping to achieve.

“With this new certification now in place, we’ll be able to offer our unique games to operators and aggregators based in all countries covered by the IOM licence, meaning players of all experience levels will be able to use an appealing mix of skill and luck as they try to profit from the markets.”