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14th July 2017 | SHARE THIS
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The Story | |||
Malta’s gambling regulator just released a white paper which intends to dramatically overhaul the country’s gaming legal framework. |
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But why? |
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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.” |
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The current licensing system is in for a shake-up. |
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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. |
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MGA will dangle gaming tax exemption to B2B licensees. |
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B2B licensees will be exempted from gaming tax in a bid to boost Malta’s appeal as the hub for online gambling service providers. |
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There is also good news for holders of cryptocurrencies. |
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The MGA also confirmed that it remains “committed to allow the use of crypto-currencies by its licensees in the immediate future.” |
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Takeaway |
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Malta is revamping its gaming legal framework to bolster its standing as a premiere gaming hub in the world. |
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iGaming Super Show 2017 day 2 recap |
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Becky Liggero brings you the highlights of the second day of the iGaming Super Show 2017 straight from Amsterdam. |
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READ MORE | |||
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Operator of Macau ‘name and shame’ casino debtor site faces jail time | |||
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. |
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US$212M South African gambling monitoring contract in peril | |||
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. |
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Lotteries no longer guaranteed cash cows for US states | |||
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. |
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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. |
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Use your social mobile game as a marketing platform to lure players to go to a land-based casino or online game. |
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READ MORE | |||
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Pokerstars casino becomes Italian market leader |
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Pokerstars casino toppled longstanding Italian market leader Lottomatica after topping June casino GGR charts with 8.85% of the Italian online casino market share. |
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READ MORE | |||
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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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