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New gambling law in Malta from July 1
After a three-month standstill period in the European Commission, the new gambling law will come into force in Malta on July 1.
The act was proposed in the Maltese Parliament this spring and introduced to the EC for an obligatory review. It aims to dismantle the country’s current gambling regulatory system. The existing system grants licenses in several classes, but the proposed system will only have two categories of licenses: a business-to-business (B2B) one and a business-to-consumer (B2C) one, depending on the focus of applicants’ operations.
The new Gaming Act comes as the first revision of Malta’s gambling legislation in fourteen years and was initiated by the Malta Gaming Authority’s former Executive Chairman, Joseph Cuschieri.
Mr. Cuschieri assumed office at the island nation’s gambling regulator in the fall of 2013. Earlier this year, he was appointed CEO of the Malta Financial Authority, which required him to leave his post at the MGA. He was replaced by former MGA Chief Operations Officer Heathcliff Farrugia.
Aside from introducing a simplified licensing system, Malta’s new Gaming Act provides the MGA with extended regulatory powers and enforcement functions. The regulatory body will thus be able and expected to implement stricter rules and tools for countering money laundering, terrorism financing, and other illicit financial flows often associated with the gambling industry.
What’s Next for Malta’s Gaming Industry?
Malta has become an important gambling hub in the years since its gaming law was last revised. The nation’s gambling industry currently represents 12 per cent of its annual GDP and is poised to grow in the coming years.
The new Gaming Act is expected to facilitate the process of providing gaming services from Malta by introducing a simplified licensing process and thus boost the growth of the nation’s gaming industry even further. The new law also aims to bring Malta’s regulatory regime in line with the current iGaming landscape and demand for iGaming services.
The new regulatory regime is now set to come into effect from July 1, 2018 for remote gambling operations, and from January 1, 2019 for land-based businesses. It is also important to note that providers of B2B services will be exempt from taxes under the new regulations. That particular language in Malta’s new law aims to turn the nation into an even more attractive tech hub.
While the island nation is already home to some of the world’s largest online gambling companies, it is expected that Gibraltar’s uncertain post-Brexit future could result in industry stakeholders reducing their presence in the British Overseas Territory or leaving it altogether in favour of opening or extending their Malta operations.
Reports emerged last month that bet365 might be gearing up to leave Gibraltar and relocate its operations to Malta where it already runs business. The company denied those reports by confirming plans to expand its business in Malta but not at the expense of its Gibraltar operations.
Source: CasinoNewsDaily
Source: Latest News on European Gaming Media Network
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TaDa Gaming Helps Players Go for Gold with Money Pot
TaDa Gaming is rounding up the year with pots of gold and a wealth of wins in Money Pot.
The feature loaded slot offers Scatters, Multipliers, Mystery Symbols, Jackpots and the Golden Lock & Respin feature, in a three reels, three rows, three fixed paylines release.
Traditional Yuanbao ingots bring multipliers from 0.5x to 10x depending on their colour. Mystery Symbols will spin and reveal Yuanbao, or the Mini, Minor and Major jackpots, which offer 15x, 25x and 50x the bet and can even trigger the bonus game which awards retriggerable Free Spins.
The Mystery Jackpot symbol can only reveal itself in the bonus game and nine identical symbols will trigger the Grand Jackpot for 3,000x the bet.
Caishen is both the Scatter, triggering the Golden Lock and Respin bonus game and a bonus collector. On a winning combination, he will collect and add all the Yuanbao symbols’ values to carry over to the bonus game. If there are no Yuanbao , multiplier symbols of 2x sequentially up to 20x the bet will take their place.
Money Pot also offers the TaDa Extra Bet feature. Players can choose either 1.5x bet to double the chance of triggering Golden Lock & Respin or 3x bet to quadruple the chances. Whatever they choose, the money pot is certainly on the table in this colourful and engaging release.
Sean Liu, Director of Product Management, TaDa Gaming, said: ‘As we approach Chinese New Year, we want our players to celebrate with immersive entertainment and multiple ways to win. Money Pot delivers on all fronts and, with 3,000x max win potential, it’s a great way to start the new year.’
The post TaDa Gaming Helps Players Go for Gold with Money Pot appeared first on European Gaming Industry News.
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ALT Sports Data Signs On as Latest Contributor to FeedConstruct’s Odds Aggregation Platform
FeedConstruct, a multi-award-winning provider of data feed solutions, has partnered with ALT Sports Data to integrate its specialized offerings into FeedConstruct’s innovative Odds Aggregator. This collaboration will grant operators access to a dynamic range of premier emerging and alternative sports content tailored for the evolving demands of modern bettors.
ALT Sports Data, renowned for its expertise in non-traditional and fast-growing bet-able sports, brings a fresh dimension to FeedConstruct’s platform. This partnership will enable betting operators to offer markets on some of the most engaging and content-rich properties across:
- Motorsports
- Combat Sports
- Action / Adrenaline Sports
The post ALT Sports Data Signs On as Latest Contributor to FeedConstruct’s Odds Aggregation Platform appeared first on European Gaming Industry News.
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Unleash your wild side with Potion of Madness
Play’n GO taps into the dark allure of duality with Potion of Madness, a bold, comic-book-inspired slot based on the timeless tale of Dr Jekyll and Mr Hyde.
Potion of Madness plunges players into a laboratory of chaos, where brilliant scientist Dr Jekyll and his monstrous alter ego, Mr Hyde, battle for control. This 5-reel video slot transforms with every Scatter, bringing Sticky Wilds, Re-Spins, and Free Spins into play. With its expanding reels and electrifying visuals, this slot delivers dynamic gameplay that keeps players captivated as they explore the fine line between hero and villain.
Potion of Madness builds suspense and excitement through its transformative mechanics. Dr Jekyll’s experiments unleash Wilds with every Scatter, while two Scatters trigger Re-Spins with Sticky Wilds. Three or more Scatters expand the reels to 5×6 during Free Spins, increasing paylines to 40 and boosting potential rewards with vertically expanding Wilds. Each feature ties seamlessly to the narrative, immersing players in a world of dramatic shifts and thrilling possibilities.
Fans of bold storytelling will appreciate Potion of Madness’s sharp visuals and compelling duality theme. Drawing inspiration from literary classics like Robert Louis Stevenson’s “Strange Case of Dr Jekyll and Mr Hyde,” this game mirrors the high-stakes drama of transformations. Players who enjoyed titles with evolving gameplay mechanics, such as Reactoonz, will find themselves drawn to the unpredictable and rewarding nature of this slot.
Head of Game Retention at Play’n GO, George Olekszy, said: “Potion of Madness captures the essence of thrilling unpredictability. With its dynamic features and evolving reels, players will find themselves immersed in a narrative-driven slot that offers both innovation and monstrous rewards.”
Potion of Madness promises to captivate players with its bold design and feature-rich gameplay – a must-play for those who relish narrative depth and the thrill of transformation.
The post Unleash your wild side with Potion of Madness appeared first on European Gaming Industry News.
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