If we're going to fight battles they might as well be the ones to change the world.
—Ashton Kutcher
| Back to square one |
Malta’s gambling regulator just released a white paper which intends to dramatically overhaul the country’s gaming legal framework.
But why?
The Malta Gaming Authority’s goal is to replace Malta’s current gambling legislation with a new Gaming Act that will reduce “unnecessary regulatory burdens” and will allow the MGA to strengthen supervision “on the areas which present a higher risk profile.”
The current licensing system is in for a shake-up.
One of the changes that MGA wants to implement is the revamp of the licensing system by only issuing just two types of licenses: business-to-consumer (B2C) and business-to-business (B2B). License duration would be doubled to 10 years from the current five.
MGA will dangle gaming tax exemption to B2B licensees.
B2B licensees will be exempted from gaming tax in a bid to boost Malta’s appeal as the hub for online gambling service providers.
There is also good news for holders of cryptocurrencies.
The MGA also confirmed that it remains “committed to allow the use of crypto-currencies by its licensees in the immediate future.”
Takeaway
Malta is revamping its gaming legal framework to bolster its standing as a premiere gaming hub in the world.
| FEATURED VIDEO |
iGaming Super Show 2017 day 2 recap
Becky Liggero brings you the highlights of the second day of the iGaming Super Show 2017 straight from Amsterdam.
| GLOBAL ROUND UP |
| ASIA |
Charlie Choi, the man behind a website which released the information of indebted gamblers, was sentenced to six months in jail with two years’ probation for violating Macau’s privacy laws.
| AFRICA |
Questions of legality on the issuance of the US$212M rand contract has stalled the installation of a central monitoring system in all gambling pay-out machines in South Africa.
| NORTH AMERICA |
A report by Pew Charitable Trusts showed that fully half of the 44 states that allow lotteries saw lottery revenue fall between 2014 and 2015.
| FACT YOU NEED TO KNOW |
There were 58 million of the so-called “eSports-enthusiasts” in 2012. This number rose to 89 million in 2014 and in 2017, and it is expected to grow up to 145 million worldwide.
| TIP OF THE DAY |
Use your social mobile game as a marketing platform to lure players to go to a land-based casino or online game.
| PRESS RELEASE |
Pokerstars casino becomes Italian market leader
Pokerstars casino toppled longstanding Italian market leader Lottomatica after topping June casino GGR charts with 8.85% of the Italian online casino market share.
| SHOUT OUT |
Shout out to Shawn G. Williams for being appointed as the new Chief Human Resources Officer of Scientific Games! Williams is set to craft a global human resource strategy that is in line with the company’s business strategies. He replaced current CHRO Gary Melampy who is set to retire.
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