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The MGA publishes its 2021 Annual Report and Financial Statements



The MGA publishes its 2021 Annual Report and Financial Statements
Reading Time: 5 minutes


The Malta Gaming Authority (MGA/Authority) is publishing its Annual Report and audited Financial Statements for the financial year ending 31 December 2021. The report provides an overview of the Authority’s achievements during the year under review and outlines the performance of the Maltese gaming industry during 2021, coupled with a medium-term outlook into the future. This is also followed by a detailed report explaining key statistics for the land-based and online gaming sectors.

  Supervisory Activities

  • 54 on-site compliance audits were conducted and 230 desktop reviews were carried out, accounting for 65.5% coverage of the licensees base during 2021, accompanied by additional AML/CFT compliance examinations that are carried out by the FIAU, or the MGA on its behalf. Following information which emerged from compliance audits, compliance reviews and formal investigations, the Authority issued 64 warnings and cancelled seven (7) licences. In addition, the MGA issued a total of 31 administrative penalties as well as three (3) regulatory settlements, with a collective total financial penalty of €176,016.
  • An additional 10 licensees were subject to enforcement measures by the FIAU, ranging from written reprimands to administrative penalties, based on the breaches identified during examinations carried out in previous years, including by the MGA. In total these amounted to just over €863,000.
  • 13 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. An additional three (3) applications were rejected by the Supervisory Council.
  • Over 1,150 criminal probity screening checks were undertaken on individuals., shareholders and ultimate beneficial owners, key persons and other employees, and companies from both the land-based and online gaming sectors.
  • The Authority continued with its commitment to supervise its online gaming licensees and conducted 91 interviews with prospective MLROs and key persons carrying out the AML/CFT function to determine the knowledge and suitability of each candidate.
  • The Commercial Communication Committee of the MGA issued a total of 21 letters of Breach, of which 13 operators were found to be in breach of the Commercial Communications Regulations, (S.L. 583.09).
  • In its efforts to protect players and encourage responsible gambling the Authority assisted a total of 6,170 players that requested assistance, covering most of the cases received during 2021 and the spill-over from 2020.
  • The MGA also investigated 79 cases of websites having misleading references to the Authority and published a total of 61 notices on its website with the aim to prevent the public from falling victim to such scams. Furthermore, an additional 26 responsible gambling website checks were conducted.
  • A sectoral risk assessment on money laundering and funding of terrorism-related risks affecting the land-based and online gaming sectors in Malta was undertaken.

Improvements in Efficiency and Effectiveness

  • With the aim of reducing any unnecessary bureaucracy on its licensees, the Authority has reviewed the Gaming Licence Application Process as well as launched the Personal Portfolio.
  • Improvements have been made in the way non-compliance matters are notified to the relevant licensee, and how operators are directed to rectify their position.
  • The MGA published amendments to the ‘Guidance on the use of Innovative Technology Arrangements and the acceptance of Virtual Financial Assets and Virtual Tokens through the implementation of a Sandbox Environment’.
  • Amendments to Article 22 of the Player Protection Directive (Directive 2 of 2018) were published, accompanied by a policy paper on ‘Amending the Return to Player Minimum Percentage’. Such amendments aim to streamline the minimum Return to Player percentage applicable to licensees across all sectors.
  • A series of amendments to the Gaming Authorisations and Compliance Directive (Directive 3 of 2018) were published, including the extension of the applicability of suspicious betting reporting requirements to B2B licensees as well as broader amendments to the key functions. The latter was accompanied by the introduction of the Key Function Eligibility Criteria Policy which outlines the requirements the persons holding the various key functions are expected to fulfil in order to satisfactorily perform these duties which are vital for the applicable regulatory outcomes.
  • A public consultation on the Applicability of the System and Compliance Audit Service Provider Guidelines to Financial Audit was issued with the aim of communicating and refining the proposal being put forward in relation to revised Guidelines and in order to promote a greater understanding of the proposal itself.
  • The Authority established a dedicated Business Transformation team, tasked with assisting each of the MGA’s directorates to continuously re-assess and improve processes, to increase efficiency and reduce administrative burdens on the MGA and industry alike, and to focus resources where these truly provide added value.

National and International Cooperation

  • A new alerting process was introduced vis-à-vis the sharing of knowledge on suspicious events that is reported with the whole industry without revealing the source of the information. Since its introduction, during the last quarter of 2021, a total of 72 alerts were sent to the industry, which resulted in a total of 20 new suspicious betting reports received via the Suspicious Betting Reporting Mechanism after such alerts were corresponded.
  • A total of 131 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. As a result of such requests, data was exchanged in 41 instances. Additionally, a total of 329 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 the manipulation of sports competitions or breaches in sports rules, as well as an indirect participant in 29 such investigations.
  • The Authority received a total of 89 international cooperation requests from other regulators and sent 75 such requests, with the majority referring to requests for background checks as part of an authorisation process.
  • A total of 125 letters of Good Standing were issued providing feedback on the regulatory good standing of our licenced operators to the relevant authorities asking for this information.
  • An International Affairs Strategy has been devised as one of the measures aimed at enhancing Malta’s international credibility, fostering collaborative relationships with targeted stakeholders and mitigating the risks that the gaming industry in Malta is facing.
  • In collaboration with the Malta Institute of Accountants two technical release notices were published, “Audit 02/21 Gaming Tax Payable and Levy on Gaming Devices” and “Audit 02/21 – Player Funds and Jackpot Funds”.
  • Through a joint collaboration between the Authority, the FIAU and the MFSA, a document was published providing an overview of the key findings of Business Risk Assessments carried out by subject persons as per their obligations under the PMLFTR and the FIAU’s Implementing Procedures.
  • A two-day workshop in collaboration with Bank of Valletta was organised, whereby various aspects of the control mechanisms as a Regulator were discussed.

In publishing this report, the CEO, Dr Carl Brincat said: “As an organisation, beyond continuing to ensure that we meet our day-to-day objectives, we used 2021 to start laying the groundwork for improvements that we will see in the months and years to come.  It is a priority for us to move towards leaner and more efficient processes, to remove unnecessary bureaucracy which introduces burdens on the industry without providing added value, and to become more effective in achieving our regulatory priorities.”

Gambling in the USA

Gaming Americas Weekly Roundup – November 28-December 4



Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Novibet has entered the Mexican market. This is Novibet’s first move outside of Europe, and it is a key step in its strategic expansion plan as it seeks to enter new markets including Latin America and North America.

Greco has registered as a vendor in New Jersey, where it plans to start its US operations in enhancing risk management for online casinos and iGaming operators. Resorts Digital Gaming has already announced it has an agreement in place with Greco, which the New-Jersey-based arm of Resorts Casino and hotel hopes will “herald a wider shift in the local industry, worth $3.12 billion to the state economy”.

The ACMA has requested that Australian internet service providers (ISPs) block more illegal offshore gambling websites, after investigations found 9 services to be operating in breach of the Interactive Gambling Act 2001. The latest sites blocked include Winning Days, 21Bit Casino, Oshi Casino, Lucky Elf Casino, NeoSpin, Lets Lucky, Boho Casino, Ripper Casino and BC.Game.

Scientific Games has announced that it will provide the company’s latest WAVE point-of-sale technology across Atlantic Lottery’s retailer network of 3000 locations in the Canadian provinces of New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland and Labrador.

PointsBet Holdings, the leader in live betting, announced the company has officially unveiled its market-leading mobile app and digital sports betting product in the state of Maryland.

The Mohawk Council of Kahnawà:ke has launched a constitutional challenge against iGaming Ontario and the Attorney General of Ontario over the provincial government’s unilateral changes to the way gaming is managed. It says the changes are illegal and unconstitutional and is contesting Ontario’s re-interpretation of Section 207 (1) of the Criminal Code, which permits provinces to regulate single-event sports betting.

Underdog Fantasy has been named “Fantasy Sports Site of the Year” by the 2022 edition of the American Gambling Awards. The American Gambling Awards are produced by Group Limited, a leading provider of player acquisition services for the regulated global online gambling industry.


Pragmatic Play has established an agreement with Peruvian operator Tinbet for three of its leading verticals. Tinbet’s customers will benefit from Pragmatic Play’s leading Slots, Live Casino and Virtual Sports content, featuring a vast collection of exclusive products that are proven to boost player engagement. has entered into an exclusive multi-year Partnership with Berlin-based Data Sports Group. The Partnership will allow to provide world-class sports content to digital publishers. The Partnership will be the first solution marketed under the brand.

Gift & Go has finalised a long-term extension to its partnership with a subsidiary of Light & Wonder to continue its growth and expand its revolutionary gifting technology software across U.S. markets. The three-year agreement will further enhance Light & Wonder’s position as a global leader in land-based casino ecosystems and cross-platform game experiences.

Fandifi Technology Corp has announced that the company is teaming up with Esports Awards to present day #1 of LVL Up Las Vegas. LVL Up Las Vegas is taking place December 11-13 coinciding with the 2022 Esports Awards.

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How Online Casino is Changing the Gambling Landscape in Europe



Reading Time: 3 minutes


It is no mystery that the advancement of the internet has facilitated the rise of several industries, with the online gambling industry serving as one of the finest examples. This is unsurprising to the majority, as we live in an age where digital technology is constantly evolving. Due to the proliferation of online casinos, the gaming environment in Europe is undergoing a rapid transformation. Today, more individuals prefer to bet online rather than in traditional casinos.

This tendency is most prominent in Europe, where many nations now regulate and legalize internet gambling. Moreover, with the onset of modern technologies such as blockchain, which has allowed Bitcoin bookies and gamblers to access casinos with altcoins, making it safer and faster, it is fascinating to witness how the market is shaping up.

What trends are emerging in the online casino industry in Europe?

Some of the latest trends in the online casino industry in Europe include the rise of mobile gaming, the popularity of live dealer games, and the growth of social casinos. Mobile gaming is becoming increasingly popular as more and more people own smartphones and tablets. Live dealer games are also growing in popularity as they offer a more realistic and immersive experience. Social casinos are also becoming more popular as they allow players to interact with each other and compete for prizes.

  • There are numerous reasons why internet gambling in Europe is growing in popularity. It is significantly more handy than traveling to a physical casino. Using a mobile casino app, you may bet from the comfort of your own home or even on the go.
  • Another reason internet gambling is so prevalent is that there are now many more possibilities than in the past. In the past, most gamblers were restricted to land-based casinos with a limited number of games. Today, however, there are countless online casinos to pick from, each with its own distinct game selection. Therefore, regardless of your gambling preferences, you can find an online casino that suits you.
  • The improving safety and security of internet gambling in Europe is a further element contributing to its growing popularity. In the past, there were concerns over the security of internet gambling. But technological advancements and increasing government regulation have mostly remedied these worries. Nowadays, online gambling is safer than land-based casinos.

All factors considered, it is not surprising that online gambling is gaining popularity in Europe. Due to its convenience, variety, and security, an increasing number of consumers prefer online gambling to traditional brick-and-mortar casinos.

The impact of technology on online gambling in Europe

The impact of technology on online gambling in Europe is significant. Online gambling is a rapidly growing industry, and technology has played a significant role in its growth. The availability of online gambling services has made it easier for people to gamble, and mobile devices have made it even more convenient.

Technology has also allowed the development of new gambling games and platforms, making online gambling even more popular. Furthermore, it has also enhanced security through blockchain, and with the combination of AI, not only is online casino more interesting but even more reliable and safe.

The future of online casino in Europe

The future of online casinos in Europe is looking very bright. With the recent legalization of online gambling in many European countries, more and more people are turning to the internet to play their favorite casino games. This trend is only expected to grow in the coming years as more and more people discover the convenience and fun of playing online.

A prominent reason why online gambling is growing in popularity is that it is becoming increasingly safe and secure. With the latest advances in technology, online casinos can now offer their players a very high level of security, ensuring that their personal and financial information is always safe.

So what does the future hold for online gambling in Europe? It looks like it will continue to grow rapidly, with more and more people discovering its many benefits.

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Compliance Updates

Gaming Corps Announces Approval for Netherlands Launch



Gaming Corps Announces Approval for Netherlands Launch
Reading Time: < 1 minute


Up-and-coming Swedish developer, Gaming Corps, has expanded its reach within regulated markets by meeting approval requirements to launch its diverse portfolio of Plinko, Mine, Crash, Table and Slot content within the Dutch market. Gaming Corps has already announced that its growth strategy will include a number of new markets over the next year and is thrilled to begin with certification for its proprietary content to Dutch players.

With a commitment to integrity and player protection, Gaming Corps’ will soon be live with several operators in this new market with titles that include: Penalty Champion, Tikiz N Juice, Stormy Witch, Coin Miner, Jet Lucky 2, Skyliner and Cat Ching.

Juha Kauppinen, CEO at Gaming Corps, said “New markets expand the reach of our popular titles and add a new audiences. We see these strategic entries as important to the future of the company while we strive to make the most of our existing titles and those in development. We’re pleased that our content has already received a warm reception amongst the new set of operators we’re now able to open communications with and look forward to announcing those deals soon.”

Gaming Corps is an established gaming company with a background in video games that is now experiencing growth in the iGaming sector. Having recently attracted some of the industry’s leading talent, its strategy is to grow within regulated markets.

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