In light of the transnational nature of the gambling industry, both the MGA and the AGCO acknowledge the necessity of international cooperation. Both regulators align on common objectives and values in overseeing the gaming sector, including protecting the public interest, safeguarding of vulnerable individuals from gambling harm, and consumer protection.

The new MoU aims to further strengthen the long-standing collaboration between the two regulatory bodies, as it facilitates the exchange of crucial regulatory information and best practices, and mutual operational assistance concerning gaming operators. It also aims to cultivate a safer and more secure gaming environment across both jurisdictions, as it enables the MGA and the AGCO to perform their functions more effectively. 

MGA CEO Charles Mizzi commented that: “Our ongoing collaboration with AGCO has yielded tangible results in the past, and through this MoU we are committed to further bolstering our inter-jurisdictional relationship. Our focus remains on fostering the exchange of information, with the overarching goal of improving our regulatory practices and addressing mutual challenges effectively.”

The post MGA and AGCO Forge New Memorandum of Understanding appeared first on 5 Star iGaming Media.

The review, which consisted of 23 compliance examinations, focused specifically on the remote gaming operators’ Money Laundering Reporting Officers (MLROs), as well as on employees involved in the AML/CFT compliance function. Such employees play a pivotal role in ensuring that controls are applied effectively to mitigate money laundering and terrorism financing risks, while maintaining compliance with AML/CFT obligations.

The foremost objective of this exercise was to identify areas for improvement, facilitate regulatory outreach, and provide targeted education to the sector on how to enhance their practices in specific areas of concern.

Interviewees overall showcased a solid understanding of key AML/CFT principles, including the purpose of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), the high-level concepts of the risk-based approach, outsourcing obligations, ongoing monitoring, the timing for submitting suspicious reports, and training obligations related to AML/CFT.

The thematic review also identified areas for improvement in relation to the knowledge on the administrative measures applicable under the PMLFTR. While interviewees were able to detail the high-level concepts of the risk-based approach, there was room for improvement when it came to their awareness of the inherent and residual risks faced by their respective companies.

Gaming operators are encouraged to prioritise ongoing training to ensure that their MLROs and relevant employees remain updated on evolving AML/CFT obligations, the relevant risks and their companies’ operations, activities and controls.

The MGA and the FIAU encourage all MLROs and relevant employees to familiarise themselves with the findings and key takeaways of this review, and to take steps to incorporate any necessary enhancements.

The post MGA and FIAU collaborate on thematic review of remote gaming sector appeared first on 5 Star iGaming Media.

Sportingtech has agreed to support the work of The Malta Trust Foundation (TMTF) and its ongoing initiatives for the next three years.

With a huge footprint in Malta, this partnership cements Sportingtech’s people-centric ethos of supporting wider communities in which it operates and ensuring a positive future for residents. 

TMTF was founded in 2015 by former President of Malta, Her Excellency, Marie-Louise Coleiro Preca, with its core purpose to develop initiatives which help children and young people who face daily challenges and who are at risk of poverty or social exclusion. 

The Foundation brings together academics, psychosocial professionals, the business community, and civil society organisations with the aim of bridging the gaps within existing services.

Vulnerable communities are aided through initiatives that are both educational and empowering in assisting individuals reach their full potential, with an emphasis on projects of a psychosocial nature. 

Her Excellency, Marie-Louise Coleiro Preca, Founder of TMTF, commented: “The Malta Trust Foundation is grateful for the contribution of the business community to our social projects aiming at empowering and supporting disadvantaged children and young people. The important support by Sportingtech is truly welcome at a time when the demands for assistance from vulnerable families are continuously increasing.”

Colin McDonagh, Chief Sales Officer at Sportingtech, said: “We couldn’t be prouder to establish a partnership with such a worthwhile cause. The Malta Trust Foundation does some outstanding work, and it is a humbling experience to see the projects and initiatives in action. 

“This is the latest of our charitable partnerships and we fully understand how important this work is for many communities.”

The post Sportingtech sign three-year partnership with The Malta Trust Foundation appeared first on 5 Star iGaming Media.

The prestigious event is set to bring together over 90 representatives from 35 member states to engage in insightful discussions, exchange expertise and cooperate on emerging trends and challenges within the gaming sector.

Kinga Warda, MGA’s Chief Officer – Policy and International Affairs, said: “We are honoured to be chosen as the host for the upcoming annual conference of GREF. This event presents a unique platform for regulators to come together, exchange knowledge, and collectively address the evolving challenges within our industry.

“We look forward to welcoming esteemed regulators from across Europe to Malta, as we strive to further strengthen collaboration and drive regulatory excellence.”

Established in 1989, GREF facilitates constructive dialogue among regulators, representing diverse perspectives, while also acting as a central point of contact for authorities and related organisations seeking insights from European gaming regulators.

Back in 2016, the MGA had organised a successful joint conference for GREF and the International Association of Gaming Advisors (IAGA). The conference united advisors and regulators from various global gaming spheres, offering a valuable platform for operators, suppliers, lawyers, investors, regulators and other advisors to convene and discuss critical industry challenges.

The post Malta to host annual Gambling Regulators European Forum appeared first on 5 Star iGaming Media.

She was chosen as co-chair alongside Christophe Vidal, who is representing the French National Gambling Authority (ANJ).

GREF is a forum for European gaming regulators, serving as a meeting place and exchanges of views between its members on issues relating to gaming, in particular on regulation, supervision, control of operators, or on the gaming industry.

Although AML regulations exist at European Union level, implementation at the local level varies across jurisdictions. The new AML working group seeks to facilitate the exchange of information between members in order to prevent the exploitation of gaming businesses for money laundering and terrorist financing purposes.

Within this group, AML experts will share insights into best practices, trends and developments, and consider any necessary joint action.

The post MGA AML Manager appointed co-chair of GREF working group appeared first on 5 Star iGaming Media.

Initially entered into back in 2013, the MoU serves to solidify the collaborative efforts between the two regulators.

Established in the year 2000, the AGCC is Alderney’s gaming regulatory body and is responsible for the supervision of gaming businesses, including licensing and the enforcement of regulations.

This renewed MoU further emphasises the MGA and the AGCC’s commitment to enhancing cooperation, enabling them to perform their respective functions more effectively. Both regulators share common objectives and values in regulating the gaming sector, including the prevention of crime, consumer protection and the protection of vulnerable persons against gambling addiction.

The MGA and the AGCC also recognise the strong need for international regulatory cooperation in view of the cross-border nature of the gaming industry.

MGA CEO Carl Brincat said: “The renewal of the MoU with the AGCC continues to reaffirm our shared commitment towards supervising a safe and responsible gaming ecosystem across the board.”

Andrew Gellatly, executive director of the AGCC, added: “With this MOU, we look forward to continuing and strengthening our valued collaboration with the MGA, to the benefit of both players and stakeholders.”

The post MGA and Alderney Gambling Control Commission renew MoU appeared first on 5 Star iGaming Media.

The appointment follows the public call issued on 30 October 2023 and the selection process which ensued thereafter. Mr Mizzi will be shadowing Dr Brincat throughout January to ensure a smooth transition at the helm of the Authority.

Mr Mizzi will join the MGA following a 5-year tenure at the helm of the Residency Malta Agency, where he has been instrumental in leading the organisation towards its goal of ensuring that Malta is one of the most reputable and desirable residencies by investment jurisdictions. As a dynamic and results-driven professional with extensive experience in operations management, the Board of Governors is in no doubt that he will continue to build on the solid foundations that he will find at the Authority.

“I am honoured to have been given the opportunity to lead the Authority,” Mr Mizzi said.

“I am keen to build on past successes and, together with the team under the guidance of the Minister responsible and the Board of Governors, to strategically steer the Authority forward so that Malta’s already robust position in the field may be further strengthened, while delivering value to all stakeholders.”

Minister for the Economy, EU Funds and Lands Silvio Schembri thanked Dr Brincat for his sterling service as CEO over the past 3 years and congratulated Mr Mizzi on his appointment.

“With his vast experience in managing the operations of a number of entities and his contributions towards major projects, Charles Mizzi is undoubtedly the right candidate to continue building on what the MGA has achieved so far, and lead his excellent colleagues within the Authority towards further future success,” the Hon. Minister Schembri said.

The post Malta Gaming Authority names new CEO appeared first on 5 Star iGaming Media.

The sponsorship is a way for the Group to continue supporting the localities close to their headquarters in Malta. ComeOn Group and the two clubs are now embarking on another year of success and exciting projects in order to further anchor the partnership for the benefit of their local community.

Last year the sponsorship was kicked off by a launch video, which was a way for ComeOn and the two clubs to show the mutual cultural fit and foster a sense of community through sports. 

Daniela Vella, Chief Operating Officer at ComeOn Group, said: “Sliema is very close to us being the first location of our offices, and even though we have moved some metres up the waterfront, we have found synergies with both teams and their path to success. Both teams tie in well with our values, especially the Run Together The Group is also focused on giving back to the communities with its CSR strategy being a key, strategic pillar and sports plays a vital role in nurturing teamwork, and leadership skills.” 

ComeOn Group works hard to preserve their award winning culture and the company continuously develops their people strategies to retain what is most important to them: their people. An important way to do so for ComeOn is through their extensive Employee Assistance Program (EAP) that serves to offer help to employees when they are experiencing a tough time. The program is a part of ComeOn’s overarching CSR strategy where the focal point is mental health and wellbeing. Another important part of ComeOn’s EAP is the wellbeing allowance employees get each year to spend on activities aimed to boost overall physical and mental health. 

For ComeOn and the two teams, sports and active lifestyle is something that goes hand in hand with boosting mental health and wellbeing, hence the importance of the continuing partnership. 

Frank Testa, Club President of Sliema ASC, added: “It is with immense pleasure and gratitude that we renew our collaboration with ComeOn Group. Without the involvement of such organisations it would not be possible for clubs like ours to continue to work towards achieving our targets. As we move into a new era with our excellent prospects, we are delighted to continue the journey with ComeOn.”

Rupert Perry, Club President of Sliema Wanderers FC said: “We are immensely grateful for the unwavering support of our valued sponsor. ComeOn’s commitment to our mission has been instrumental in our success. As we look ahead to the future, we are excited to continue this journey together, creating lasting impact and achieving new heights of excellence.”

The post ComeOn Group renews sponsorship deal with Sliema Wanderers FC appeared first on 5 Star iGaming Media.

The legislator’s intention behind the introduction of Article 56A is to enshrine into law the long-standing public policy of Malta in relation to the gaming sector.

It is important to note that the Maltese law does not create additional or separate grounds for refusing to recognise or enforce judgments to those already established under EU regulations (Regulation (EU) 1215/2012). It is simply an interpretation of the ordre public grounds for refusal envisaged in said EU regulation.

Moreover, the scope of the amendments enacted into law is highly restricted, and the law does not preclude any action whatsoever from being taken against a licensee. Therefore, not every judgment relating to the operations of gaming operators with a Maltese licence would be in violation of Maltese public policy.

Article 56A sets out cumulative elements that must first be fulfilled before it can be triggered.

The provisions shall only be applicable when the action – taken by an operator against a player, or a player against an operator – conflicts with or undermines the legality of the Maltese framework, and is related to activity which is lawful in terms of the Gaming Act and the other regulatory instruments applicable to the Malta Gaming Authority’s licensees.

The Maltese gaming framework, in turn, is in full conformity with EU law and is based on the freedoms afforded to an entity established within the internal market.

The post MGA addresses queries on ‘Bill 55’ following recent remarks in the media appeared first on 5 Star iGaming Media.

The event served as a pivotal platform for gaming regulators from across Europe to engage in meaningful discussions, exchange knowledge, and collaborate on the latest trends and challenges in the gaming industry.

Representing the MGA were three officials – Senior Legal Counsel, Martina Cilia; Chief Officer for Policy & International Affairs, Kinga Warda; and Chief Officer for Finance & Business Transformation, Peter Spiteri.

Martina Cilia provided updates on the MGA’s Player Protection Directive and the inclusion of markers of harm during the panel discussion on player protection. Throughout the extensive process of developing the amendments of the Player Protection Directive, the MGA adopted an evidence-based approach that served as guidance through data and research literature, as well as a consultation conducted with licensees. In this manner, the MGA was better positioned to appraise the current legislative instrument and continue to prioritise the protection of players.

Peter Spiteri – who is also the co-chair of the GREF’s InfoStat Working Group – provided an update on the group’s work and future ambitions. He stated: “The InfoStat working group serves as a crucial platform for regulators to discuss how to leverage data to improve gambling policies and decision-making processes. As the chair of the Infostat group, I am committed to harnessing the power of data to foster innovation and responsible gambling practices”.

Kinga Warda moderated a panel discussion entitled “Black Market activity: Combatting Illegal Activity”. Kinga, who is also a Board Member of GREF, said: “The exchange of ideas and insights during the conference reinforced the importance of collaboration in further strengthening a responsible and enjoyable environment whilst protecting the interest and well-being of individuals. The diverse perspectives of our fellow regulators are crucial in the process of shaping robust and inclusive policies. By embracing these varied viewpoints and collaborating effectively, we can collectively address the evolving landscape of the gaming industry and ensure its long-term sustainability”.

The post MGA representatives participate in GREF’s Annual Conference in Bergen appeared first on 5 Star iGaming Media.