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The MGA Publishes its 2020 Annual Report & Financial Statements

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The MGA Publishes its 2020 Annual Report & Financial Statements
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The Malta Gaming Authority (MGA/Authority) is publishing its Annual Report and audited Financial Statements for the financial year ending 31 December 2020. The report provides an overview of the work performed throughout the year and highlights major projects undertaken by the Authority throughout the same period. In addition, the report also outlines the performance of the Maltese gaming industry during 2020 as well as a medium-term outlook into the future, followed by a detailed report explaining key statistics for the land-based and online gaming sectors in the context of the COVID-19 pandemic. The full report may be accessed on this link.

The following are the key highlights from the Annual Report covering the year 2020:

  • Between January and December 2020, following information which emerged from compliance audits, compliance reviews, and formal investigations, the Authority issued 69 warnings, suspended 3 licences, and cancelled another 12. In addition, the MGA issued a total of 24 administrative penalties.
  • In 2020, 30 compliance audits were conducted by the Compliance and AML function, one of which related to a live studio, and 324 desktop reviews were carried out, of which 98 identified deficiencies which were accordingly escalated to the Compliance and Enforcement Committee.
  • In 2020, 8 individuals and companies were deemed not to be up to the Authority’s probity standards by the Fit & Proper Committee, mainly on the basis of mitigating the risks of money laundering or funding of terrorism.
  • During the twelve-month period of 2020, a total of 1,475 criminal probity screening checks were undertaken, an increase of 13.5% when compared to the year 2019.
  • In terms of AML/CFT, during the twelve-month period of 2020, a total of 27 supervisory examinations on online gaming licensees were conducted by the MGA, of which 10 were full scope examinations, 3 were targeted examinations, 8 were thematic examinations, and 6 were supervisory meetings.
  • In 2020, the MGA conducted a total of 65 interviews with prospective MLROs and key persons carrying out the AML/CFT function to determine the knowledge and suitability of each candidate, out of which 40 were approved, 17 were conditionally approved and 8 were rejected.
  • The Commercial Communication Committee of the MGA took action against 10 adverts or promotions that, in the opinion of the Committee, inappropriately exploited the COVID-19 pandemic.
  • During 2020 the Player Support Unit received a total of 5,625 requests for assistance, a 58% increase over 2019, potentially stemming at least partly from the impact of the COVID-19 pandemic on player behaviour.
  • In its efforts to boost knowledge sharing and cooperation with international counterparts, the MGA hosted a delegation of members of the Lotteries and Gaming Board and the Ministry of Home Affairs and Cultural Heritage of the Republic of Zimbabwe.
  • The Authority received 67 international cooperation requests from other regulators and sent 47 such requests, with the majority referring to requests for background checks as part of an authorisation process.
  • During the year 2020, a total of 168 requests for information specifically relating to the manipulation of sports competitions or breaches in sports rules were submitted by enforcement agencies, sport governing bodies, integrity units, and other regulatory bodies. Additionally, a total of 288 suspicious betting reports from licensees and other concerned parties were received.
  • During the period under review, the Authority was a direct participant in 20 different investigations across the globe relating to manipulation of sports competitions or breaches in sports rules.
  • Recognising the importance of establishing data sharing agreements with relevant stakeholders, including sport governing bodies and other platforms whose function includes the detection of suspicious betting activities, the MGA signed a total of five agreements, namely a data sharing agreement with the International Cricket Council, the Swedish Football Association, the Darts Regulation Authority, the World Professional Billiards & Snooker Association, and the Slovak Football Association.
  • During 2020, the MGA and the FIAU signed an updated version of the MoU which brought forth better cooperative instruments for the supervision of AML/CFT in the gaming sector.
  • The Authority entered into an MoU with the Malta Business Registry with the aim of facilitating the ongoing close communication between authorities and the effective sharing of information.
  • With the aim of increasing cooperation with our international counterparts, an MoU was agreed to by the MGA and the Dutch Kansspelautoriteit (the Dutch Gambling Authority) on the basis that the two authorities will support each other by sharing best practices and information in support of their responsibilities at law, whilst also engaging in discussions on policy matters of interest.
  • The MGA also enhanced its collaboration with the Commissioner for Voluntary Organisations by creating a process whereby any entity that applies for a non-profit game is only issued with a permit if such an entity is a registered and compliant voluntary organisation.
  • Recognising the importance of regular dialogue with stakeholders, throughout 2020, over 55 external communications were sent, providing a synopsis of various updates and developments within the Authority and industry.

In publishing this report, the CEO, Dr Carl Brincat said: “The year 2020 will undoubtedly be remembered for the challenges the pandemic presented us with, and I am proud of the Authority’s employees who worked tirelessly to ensure that we continued to perform the functions required of us at law. Keeping the ship steady during a challenging year serves as a strong foundation for us to look ahead with renewed commitment to keep building on the positives and improve on our shortcomings, to reach new heights in our regulatory approach.”

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Reelsoft Announces Partnership with Bigly to Drive Innovation in iGaming

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Skövde 4 October, 2024. Reelsoft, a leading provider of iGaming technology, is excited to announce its latest partnership with Bigly, an ambitious new game studio. As Bigly’s technology partner, Reelsoft will provide the infrastructure necessary to support Bigly’s innovative approach to game development and distribution.

At the centre of this collaboration is Reelsoft’s cutting-edge Vision RGS (Remote Game Server). This advanced technology enables rapid game development and seamless integration across a wide range of platforms, supporting games like online slots, table games, and multiplayer games such as crash games. By leveraging the power of Vision RGS, Bigly will be able to create high-quality games with the flexibility to deliver them to operators quickly and efficiently.

Liam Mulvaney, Founder and CEO of Bigly, stated, “Bigly is challenging the market structure at a time when rising costs and shrinking margins are pushing operators to seek more value. Our games are designed to meet these demands, offering strong returns on investment while delivering an game experience players will love. We’re already in discussions with operators, and there’s plenty of excitement ahead as we bring Bigly’s bold vision to life.”

Reelsoft’s partnership with Bigly aligns with its mission to empower game studios with the tools they need to innovate, scale, and succeed in the competitive iGaming landscape. Vision RGS provides a stable, scalable foundation, enabling game developers like Bigly to focus on creativity while leaving the technical hassle to Reelsoft so they can confidently grow their game portfolio.

Thomas Nimstad, Founder and CEO of Reelsoft, commented, “At Reelsoft, we believe in empowering studios like Bigly with the tools to create standout content. Bigly’s fresh approach to both game development and their commercial model is a breath of fresh air for the industry. We’re excited to see how their innovative vision is embraced, and we’re proud to support them every step of the way, from concept to launch.”

Bigly is set to release 10 top-quality titles annually under a bold revenue-sharing model, which offers operators capped fees. The studio’s first game, Deep Sea Treasure, a cascade-style slot packed with bonus features, is scheduled for launch soon.

This collaboration highlights Reelsoft’s continued commitment to fostering creativity and innovation in the iGaming space, helping studios like Bigly bring their unique ideas to life.

 

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PG SLOT Introduces Online Slot PG Demos with Free Spins to Help Players Improve Their Skills Before Investing Real Money

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PG SLOT, a top gambling website in Thailand, is thrilled to announce the launch of its free online slot demo (ทดลองเล่นสล็อตทุกค่ายฟรี) across a range of leading providers, such as Pragmatic Play, SlotXO, Joker123 and Next Spin, to help players enhance their skills before investing real money.

Suitable for new gamblers who want to try an array of slot games and experienced players eager to boost their skill to increase their winning streak, PG SLOT’s latest offer showcases the highly rated gambling sites’ focus on providing a player-focused experience that increases their odds and chances of winning.

“We offer free online สล็อตทดลอง (demos slot) from a wide range of providers, including Pragmatic Play, SlotXO, Joker123, Next Spin, Red Tiger, Relax Gaming, Quick Spin, Jili Games, Nolimit City, and many more,” said a spokesperson for PG SLOT. “These demos allow both new and experienced players to practice and refine their skills before playing the actual games.”

Some of the leading game manufacturers included in PG SLOTS try playing slots (ทดลองเล่นสล็อต) offer are:

  • Pragmatic Play: One of the most popular providers, Pragmatic Play is renowned for its high payout rate and immersive slot games.
  • PG SLOT: Pocket Games Soft enables all slot experts to find authentic licensed games that are fun to play and guarantee a new and exciting slot game experience.
  • Next Spin: Next Spin is a new slot game camp that stands out with its challenging range of games featuring sharp and beautiful graphics.

To further boost a player’s experience and ensure they have the opportunity to achieve the best possible results, the online gaming website is also providing an array of bonus offers for individuals who sign up to PG SLOT memberships.

“In addition to being able to try out free slots from all camps, we also give you the opportunity to practice your skills and learn slot playing techniques before going on the real field to increase your chances of winning bets and getting more real money. Register as a member with us easily, receive free credit and many promotions fully prepared for all members. Come join us, PG SLOT ทดลองเล่น, the number 1 online gambling website, and have fun trying out free slots with a chance to win real jackpots and get real money together!” continued the spokesperson for PG SLOT.

PG SLOT invites players seeking to enhance their skills across a range of the most popular slot games to visit its website today, where they can also enjoy a selection of lucrative promotions and a PG SLOT DEMO FREE SPIN.

 

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Patrick Homm to Lead Scientific Games International Lottery Systems Technology

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Netherlands National Lottery Live With Scientific Games’ OpenBet Sports Technology and OpenGaming On Day One of Market Opening
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Scientific Games announces the appointment of Patrick Homm as Vice President, Systems Engineering for the company’s international lottery systems technology. Patrick Homm brings over a decade of experience in innovative gaming systems, software engineering, technology leadership and large-scale systems architecture to his new role. As the industry’s fastest-growing lottery systems provider, Scientific Games continues investment in omnichannel technology ecosystems that deliver optimal consumer experiences across lottery retail and digital channels.

Since joining Scientific Games in 2022, Homm has managed multiple high-impact retail and iLottery projects as the company’s business scaled as a trusted technology partner to 80 lotteries worldwide on one or more systems solutions.

With his leadership experience in agile transformation, microservice architecture, and cloud policy development, he has driven innovation and operational excellence throughout his career. Prior to joining the Scientific Games technology team in Vienna, Homm held various roles at Admiral Group for eight years, including Head of Portal Engineering.

Homm’s hands-on approach, innovative mindset and ability to foster collaboration across teams align perfectly with Scientific Games’ mission to deliver secure, world-class retail, iLottery and sports betting systems for the government-regulated lottery industry.

Michael Conforti, President, International at Scientific Games, said, “Patrick’s appointment is a pivotal step in further strengthening our International Systems team. His deep expertise, visionary leadership and commitment to fostering innovation will help us achieve our strategic goals as we continue to revolutionize omnichannel lottery systems technology for the next generation of lottery retailers and players.”

Scientific Games is a trusted partner to 150 lotteries in 50 countries around the globe, providing games, technologies, analytics and services that responsibly drive maximum returns to their beneficiary programs.

©2024 Scientific Games, LLC. All Rights Reserved.

 

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