News

A positive step towards a good relationship between both gaming authorities in Malta and Sweden has been established which will enable stronger supervision. "The Malta Gaming Authority (MGA) and the Spelinspektionen (the Swedish Gambling Authority) have entered into a Memorandum of Understanding (MoU) for the purposes of enhanced cooperation between the two authorities in furtherance of the authorities’ public policy objectives and mutually common values. The aim...

The Malta Gaming Authority hereby notifies its licensees and the general public that in pursuant to article 7(2) of the Gaming Act (Cap. 583 of the Laws of Malta), it is issuing the De Minimis Games Directive (found here) as a binding instrument in order to establish which games classify as a de minimis exempt game in terms of the Second Schedule to the Gaming Authorisations Regulations. Some points...

First Phase of the MGA Sandbox Framework for the acceptance of VFA and the use of DLT within the Gaming Industry has been implemented   Since the announcement of the Sandbox Framework for the acceptance of Virtual Financial Assets (VFA) and the use of Distributed Ledger Technology (DLT) within the Gaming Industry, the MGA is now accepting applications for the use of DLT assets, directly or through third party service providers, by its...

The MGA Publishes its Interim Performance Report for the Gaming Industry for the Period January to June 2018. The Maltese Land-based and Remote Gaming Industry report shows a positive outlook to the gaming industry in Malta as specified below from the extract; "Outlook for the Gaming Industry in Malta Given the positive developments experienced by the global and European gaming markets during 2017, operators and suppliers are expecting further...

Microsoft recently announced that the Dynamics NAV 2018 version will be the last release of NAV branding, available to buy a license only till April 1, 2019. From that point onwards, we will be witnessing the rise of Dynamics 365 Business Central (On-Premise or Cloud). Here we explain the basics, but every business is unique so if you'd like to speak to us about how these...

A few weeks ago the FIAU have published the national risk assessment findings on sector-specific. Included in the report, are the findings related to the Gaming Industry. When establishing your start-up gaming company, the findings in this report should be closely studied and followed to avoid leading your organisation into serious money laundering and terrorist funding risks. The publication gives a good overview on how to strengthen...

The Malta Chamber of Commerce, Enterprise and Industry has published a statement by the JobsPlus CEO, Clyde Caruana, highlighting the difficulties in attracting foreign talent as a number of European countries were seeing their economies recovering. "JobsPlus CEO Clyde Caruana warned that Malta’s challenge to attract foreign talent was becoming ever more difficult, as a number of other European countries were seeing their economies recovering." This statement...

The Financial Intelligence Analysis Unit has published a revised version of the Implementing Procedures Part 1 for consultation highlighting some key matters that are important to understand for the industries that are dealing with Prevention of Money Laundering Act (PMLA) and the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR). "The salient amendments are listed here-under: The Risk Based Approach The revised Implementing Procedures Part...

The Malta Gaming Authority has released a survey on the skill gap that is present within the gaming industry. At Accreda we encourage gaming operators to get in touch with us to explore our services and resources available to the gaming industry. Outsourcing services to a specialized gaming provider will reduce your salary overhead risks and give operators the flexibility to develop systems based on the...